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Remember exploration is a risky business with huge returns, so why not GGP taking that risk of drilling few holes at PRE and BH to work out before rushing into JV?
This JV has not given anything upfront to GGP, so what is the immediate benefit, try few drilling hole and GGP is not short of cash anymore.
In simple terms NO as I understand.
Why would you give such a big area for peanuts?
Does the first refusal mean that NC can pit any price for JV or the projects?
I would love to know if GGP went out to see what others could have offered for this JV.
Now why I think this deal doesn't make sense offering 75% stake for peanuts.
1. They have done a survey (at PRE and BH) and if their survey results are in line with survey at HAV and its drilling results at Hav, then GGP should be confident of their survey results and find.
2. Some people say PRE is huge which I agree but all GGP was required to do was drill few holes and prove that there is some gold , to be in position of getting a much much better deal. They could have done that using small part of $50m. I suppose they had plans to drill that anyway.
3. This deal is much worse than Hav deal last year. Why would you do that? GGP is in much better position now that in 2019 when they signed Hav JV.
4. I would have expected some upfront payment on new JV and smaller percentage of NC share especially with the amount expected to spend by them.
5. BH is very close to scally targets, surely if something positive is there they it can most likely to extend to blackhills too.
For once, I don't think GGP have made a good decision and I think they have played into hands on NC even though GGP should have been in lot better position now.
I must admit, I am very disappointed ted with this. You have potentially given away billions of pounds worth of gold mine for peanuts - make no sense at all.
Looking forward to hear the explanation for GH tomorrow morning
GLA
£500m for hydrogen.
Hydrogen city by 2025
Petrol diesel car end by 2030..
https://www.edie.net/news/11/Boris-Johnson-unveils--12bn-spending-commitment-for-10-point-net-zero-transition-plan/
£500m for hydrogen.
Hydrogen city by 2025
Petrol diesel car end by 2030..
https://www.edie.net/news/11/Boris-Johnson-unveils--12bn-spending-commitment-for-10-point-net-zero-transition-plan/
JEFFERIES RAISES OXFORD BIOMEDICA PRICE TARGET TO 860 (730) PENCE - 'HOLD'
Seems like he is following me ;). From PHE to GGP to OXB now.. I would just recommend to filter him as he has never got anything useful to say about any stock, his sole agenda is to deramp and he will start here shortly.
GLA
Why do people even bother to respond to this guy when you know he is sad and has been deramping with wrong info for a while?
He tried that with GGP and got hardly any response. This is his day job to bash the co.panies on board and why would you waste your time talking to this idiot...!!
OXB is in the report 2020.
https://www.lseg.com/resources/1000-companies-inspire/1000-companies-inspire-britain-2020/leading-way/oxford-biomedica
I have never seen that idiot yellow talk positive of any share. He has been on another board for months and deramped that share but it has always moved in another direction.
Please report this post as that idiot is like a stray dog.
Floater: why have JV and have partner, end up paying premium if you can own them all 100% and keep competitors out of range forever..? To me JV are food if there is considerable risk but with all this, they know the area well and potential of other GGP projects. I would have gone for T/O if I was Sandeep
I am just saying about T/O if I was in Sandeep's shoes. They got money, they know the potential and they can pay the 5 x premium at current price to become the biggest miner globally in few years. I suppose all offer has to go past SHs and it will not be entirely GH or CB decision whether they agree or not, they can only give their recommendation for voting.
Just a thought and I am not aware of anything cooking about take over.