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Agree about the strange language, particularly the phrase "significant option value." Is it possible to sell on a ROLR to a third party, maybe as part of a JV?
The new super major rhat is Newmont - probably the only portfolio on the planet where they think Hav is not of the same size and contribution to the portfolio. Sums up the reason to divest.
Tatty, as a farmer once wisely advised 'you can't chase very rabbit' and newmont have to pay for their acquisition by selling off some assets that will both raise cash and limit their capital spend. No big deal and furthermore they only have 70% here plus the hassle of working with SD and gang!
That our
Personally I think tha tour expectation should be that since we are in a snail- mail sentiment phase, market- wise, and an unloved sector plus being a current junior explorer etc etc , and with massive uncertainty as to our direction (to the wider market at large at the moment); we should hope for a step by step trickle upwards in terms of the SP.
Gold and Copper on the up but the sector is not as yet though it may well take off soon. With each bit of news we may step up a bit. With major news we should get a bigger uplift. So long as it keeps going up based on solid news I am happy to see progress.
Slowly slowly catchee monkey.....we have waited this long!
Newmont wish to offload because it doesn’t meet their tier 1 mine criteria. That doesn’t mean it’s not a glittering asset till though.
Lets hope this helps to blow the ...... doors off.
1 seeing that mine infrastructure in place is really going to scare the shorters... "oh ****, the gold is coming out one way or another!"
2 leave the 70% havieron purchase "on the shelf" until newmont need the money or get an offer, what's the rush...
Nice to see a rise (so far 👌.....)on the back of news update......welcome reaction for a change, maybe a sign to the return of the good old days.....
It has been long time waiting ✋️
GLA.
So this is the book not market value such as the Grant Samuels valuation ranges against various outcomes and scenarios for the assets.
Perhaps Newmont will be happy to negotiate a value that delivers above book value which will appease their shareholders and be easier if LROR keeps competing bids off the table for GGP.
Their Price Discovery Phase has been implemented to assess potential market value of the assets in current market and will shape negotiations. Going to be really interesting to see what the final price agreed is
Https://www.proactiveinvestors.co.uk/companies/news/1046425/greatland-gold-strongly-positioned-to-buy-havieron-back-if-newmont-sells-1046425.html
With very strong gold prices the shares are an absolute steal.
The share price could easily multi bag from here. A solid entry point and the price of gold isn’t coming down anytime soon.
Yes. like the old days BUT the price is still very low!
The future looks bright,
Yellowstuff
On a positive note Clive - your remaining shares just went up 7% and you have a holiday to look forward to.
ATB
" intrigued as to why Newmont want to offload their 70% interest if Havieron is such a glittering asset"
I think this has been well documented - the current scale of Havieron doesn't fit in with Newmont's global assets, it doesn't mean that it's not valuable.
It simply does not fit their own criteria as they look at their portfolio today.
They will obviously wish to offload development costs for the 70%, alongside Telfer. The ‘pause’ in decline may be opportune.
What the Doctor has ordered, a large spike UP , some profit taking and UP again to the same price spread as earlier and high of the day
Positive RNS but intrigued as to why Newmont want to offload their 70% interest if Havieron is such a glittering asset, and they are still funding the continuing mine development.
Held 1.1 million since 2017. Sold 200,000 yesterday to pay for our holiday RNS next day up now 9%.oh well.
Hi All. Great RNS and the markets reaction has broken the "good news lower SP" What is evident is the lack of big sells this morning.
Wording of these RNSs are very diplomatic and at times hard to really get to grips with the meaning. What the wording does suggest is that the negotiations to buy back the farm as not as far progressed as many think. Having said that negotiations can come to a conclusion very rapidly with a willing seller and willing buyer. When that news hits saying the farm has been bought back in an accretive manner i fully expect the shorts to try and close and the SP should go parabolic. ATB Speedy
9% - Its like the old days...!
And POG has increased by $500 per oz since then as well
If you wait for the purchase RNS you can add another 0
After the large trades the shares are now MOTORING to 6 v 6.20p
Volume of 11.3 millions
Indeed Matty! What's more, with that massive 50% increase in annual throughput, the PFS also stated that, based on samples," metallurgical recoveries for gold are anticipated to average approximately 88% and recoveries of copper are expected to average approximately 84% throughout the life of the project."