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Agree with Jerry S and others on here who believe that SD has something up his sleeve funding wise.
He has talked fairly often of late about term sheets on his desk in preparation for ...well pretty much every eventuality as we now know Shaun, and I for one believe in his ability to be a good adversary for any twists in this remarkable tale!
I think NCM as I have pointedly remarked upon, are playing their own game for their own SH but not particularly very well it seems. SD is one step ahead even when apparently blindsided. I believe he prepares, like most money men, for every eventuality and debt funding is his middle name.
It is definitely a leap of faith to believe this new CEO can move mountains against giants of industry , such as NCM but in this case I believe he can.
My hard earned is staying put and we stand together in favor and faith in Shaun. Well said Jerry and others who are reading it so diligently.
Trippy, At least we can't get bought on a too lowball offer (depends on what you class as lowball I suppose) as SD simply wouldn't put it to shareholders to vote on
Ben , what will Shaun do next ? Become CEO of ncm would be popular for their investors!
Ace, does it not worry you about the manipulation on Aim and how the Aussies will view it?
Would it not be better to wait until if(when we’re on the main market.
Shaun has got what he wanted and he has had a game plan since he came in now is his time to shine!
He bought in big guns on the board , he released his own MRE, he has always stated he wants it all 30% .
So all is falling in place, now let’s see what he does next!
I think it’s going to be eye watering:))))
Good luck all and happy trading
Great post JerrySpaniel
Things have turned
Shaun in the van
Sandeep a bit cagey, wants still to be the man
A bit like judo
With feinting and throwing
Players playing poker, cards not showing
Entering times now of mystery and hope
With mine plans and scope
To make money
There’s fun to be had
A good day, not bad
And months ahead when we’ll be happy, not sad
Forza GGP!
Many options for funding -
https://seekingalpha.com/article/4493316-precious-metals-royalty-and-streaming-companies-the-february-report
https://www.reuters.com/markets/europe/skeptical-us-stocks-equity-hedge-funds-sit-out-market-rally-2022-08-16/
both a bit out of date but still true.
Any one that doesn't include ' preference' is ok by me.
Speadie. First hope all is well and the road to recovery going at pace. My question is this. If the price of gold goes through the roof how will this affect what you say about refinancing / debt. I think ggp is in a better position today than yesterday.
Great summary of current events. Next step December.
Hi Jerry. Good post, as always. My libor + 10% was a tad OTT but who really knows how high inflation and the market will take interest rates. Even 5% will see us paying 13% on the loan. Best to get rid of the debt as soon as pos and re finance at better terms. ATB Speedy
Plenty of money out there Jerry as most have been dashing for cash (but we know that cash will not stand still for long) so no problems there but as always it will come down to the cost of that money. ASX for me is a no brainer as an aussie who religiously reads the West Australian newspaper from home here in England for the last 20 years (there is only one believe it or not) it never ceases to amaze me that GGP and Hav rarely get a mention. I think that would change with a big splash.
Dividends, dividends did someone mention dividends.
You must be in a good mood Jerryspaniel! Lol
Due to either a lack of knowledge or interest or perhaps because some have very small investments there are many on here who fail to understand the various clauses, agreements and jvs. I would definitely recommend TT and ace chasers comments about 3pm today. For me they have a good understanding of todays events.
For MJ, yes it’s harder to raise debt when it’s subordinate to NC, but it’s definitely not impossible. Shaun has been talking about this since last December and has maintained a very confident attitude throughout wrt debt. As you would expect from someone who has consistently been ahead of NC every step of the way, he will have talked to the banking syndicates about borrowing based on 30% and talking a subordinate role. Shareholders should have complete confidence and the shorters should rightly be afraid. This is his home field advantage.
I also think that we will have an ASX listing by the new year and this fund raising may either be used to fund exploration or be used to fend off any NC development surprises. Again a wise move to cover all possible outcomes.
The NC debt won’t need repaying until we are producing and I don’t subscribe to speedys view that libor will hit 10% as no government will get re-elected if rates go that high.
So, on balance, it’s been a truly brilliant day for all those who vision is of GGP being in control of its own destiny with a pathway to income, profits and maybe even a dreaded dividend! Best day since Shaun has been in charge.