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Race..ist bot*
FML they need to turn the filter down a notch haha
LSE, “sni..gg..ers” is not a rude word lmao!
****** Bot : p
Tymers….. (s******s) never mind
Lebugue/ Lenz
Yes, thats what i said (read last post) deal is likely to be £50-£100m PLUS £10m per ADDITIONAL 1m oz proven.
That i think would be a great deal, and a fair one
Doverman
Correction 2.5p
lol!!
Panama - somewhere in that range feels about right I reckon
Doverman. You do realise that 100 million equals a quarter of one penny per share.
Then the SP would drop 10 times that amount due to the stupidity of a company that doesn't earn money giving out a dividend
merc - my email exchanges with Greatland on 13 January confirm they will be taking future events into account when arriving at their FMV.
************************************************
"As you correctly point out, the timing of the fair market valuation process falls at a time when several unknown factors still exist about Havieron. In fact this would be the case for years to come as there would be a constant amount of unknowns.
Greatland will use all known information parameters, coupled with our understanding and analysis about the future potential of Havieron, validated by independent experts, where possible to put forward our assessment of fair valuation during this process".
Tymers - it is better to stay quiet and be thought a fool rather than post something that proves it. Particularly when you are so condescending to others.
Hi PV, they will not leave a huge amount of money festering away in bank account losing value due to inflasion and tax, they will keep about 3 years requirement for operations on other projects until we get our value of production from Telfer and that will then cover all company needs. In my view a divi will be paid to long suffering PIs who bank rolled the company over the years and i think CB will go along with that. Ciao DM
mercedesman - can you remind me who said "Dont poke the bear with £50m predictions lmao" @18.24 on 13 Jan
Couldn't agree more - the valuation will definitely be above USD 50m...Newcrest BoD's comfortably signed off the USD 50M loan to GGP.....Many here who believe the 5% valuation will be based on the expected mineralisation over the full life of the Havieron mine are deluded....This 5% is an "entitlement" to Newcrest as per the JV agreement based on the end of the farm in agreement being fulfilled! Newcrest have executed very swiftly their obligations (because of Telfer)....
This is not the ceiling but just the start and needs to be fully understood. SD will try to get a higher valuation based on future unknowns (open at depth and in several directions) but IMHO we should only be interested in the remaining 25% which will be fully valued on continued future growth drilling and spot gold pricing.
Those folk "in love" with GGP that think we are going to see $200m+ for the 5% entitlement to Newcrest need to not set themselves up for a big full.....Roll on the DFS and MRE(3) & MRE(4)
Merc . The 5% will not just be valued on the MRE nos. Both companies have a very good idea what is down there, and it’s a lot more than 7moz, the 5% will include payment for future upgraded MRE’s to an agreed deposit figure, which could well be 20moz , if it’s not then SD isn’t doing his job
Tymers., if you mean 175m for 5% then that does not make 25% 3.5bn
Amazing isn’t it, YNWA. I don’t have the heart to correct Tymers, you’ll have to do it
Well folks ...we have had everything on here from 50m valuation up to 500 m valuation!! None of us are the wiser!
Best leave it to the experts.
Hahahaha why do people smugly correct other people’s maths when they can’t count XD
Simple math….well done, Tymers.
Droverman.
It might be what you want, but it 100% isn't going to happen. Any money received will be used to pay off the loan all remaining cash will be used for exploration and running the company. A company with no source of income doesn't give money away and you shouldn't want it to
Incorrect. 175 million will Value GGP at 3.5 Billion. Simple maths peeps
Spade £250m - £350m values GGP at £1.5-2bn! BILLION! 12-15m oz gold would be required to justify that….. we’re at 4.2. If your being generous the MRE2 will upgrade that to 7m oz, so do tell me why NCM are going to “drive a hard bargain” and pay £250-£350m for 5% in the “hope” the deposit is going to double in size…. Even though the highest grade largest section is already proven up? Do tell, i’d love to hear it.
Much more likely we get £50m -£100m now + a forward payment of say £10m per 1m oz further discovered.
You are using your spade to dig your own grave atm, why cant you see that? A savvy LTH would have been conservative and reassured all the newbies that £50-£100m would be a fantastic deal, that way if it does happen to be a bit higher the market reacts accordingly. As it stands i can see a massive kick in the balls coming because you lot have set the bar far too high.
Time will tell
$50-100m Merc? Really? You don’t trust the Cannacord experts?
To be fair to this whole thing, at least with the 5% we’ll get some idea of how good Cannacord are at their job. They estimate $280 for around 10-12moz. Their mining department you’d think would be classed as experts. If they get this completely wrong, fair to say we can ignore any future broker notes from them regarding GGP SP and future.
Anyway, that’s me done for the night, lol. Off to see Back to the Future at the Theatre!!
Why not PV, at my age i can only sell no money to buy so a special divi prevents me selling for my pension top up so thats why i am still residing on this planet mate. Ciao DM
I agree we need to manage our expectations some of these numbers are setting expectations very high (really would love them to come true), but can we not just accept that whatever is agreed is FMV… rather than bouncing guesstimate figures about (positive and negative). At the end of the day our experts have all the data and a procedure template to follow that will also factor in elements of the unknown, rather than us lot setting expectations that mean what could be great news is perceived as a poor FMV.