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Hi Liam

Any asset that will increase by 50% as soon as you buy will more than cover the debt liabilities.

I’ve no idea how the sp will react if I did I wouldn’t be here and keeping stum.

The asset we have at the moment is big for a starter mine and full of quality.

The orebody will only keep on giving as they do the underground infill drilling, the reserves will keep on growing massively. It will outlive many of us and keep giving.

Ore reserves are a bankable asset on the accounts.

At the moment we own 30% of 2.9moz of reserves .

How can anyone say that owning 100% of that will not increase the asset value.

The FS will come out I would suspect with or immediately after the sale process, this should have an updated ore reserve to c4moz it could be close to a 50% increase.

This is all asset increases it doesn’t need revenues at this stage.

As I’ve pointed out earlier your personal share holding value of the asset will increase.

Whatever the market decides about the deal could see the sp being very volatile but it will have to rise soon after with the amount of assets being added to the accounts and of course the amount of newsflow coming.

It’s going to be a very busy end of year 🙂

Mark if I was you I would green bin that character, he’s not worth responding to.

My own view of a share issue to cover some of the cost:-

As a group of Private Investors say we own 50% of the current share issue . The Market cap is £300m value £150m.

If there is a whopping 50% share issue then we would end up with 25% of the MC , but that MC could after buying Havieron 70% /Telfer be £1bn.

Therefore our share of the MC would go from £150m to £250m.

There will probably be an EGM if this happens to approve the Issue, this will have to be before the buy is finalised.

There is of course the AGM vote for the Issue of shares they may just go to that limit without a need for a shareholder vote.

My guess is that will not be enough an EGM will be required, I will be voting For no matter what as a vote against could get us back to the 30% with a lower sp.

A lot has happened around the ponds with new drainage trenches excavated to the south and west.

This is indicating to me that the new ponds to the west are not required, well not at the moment anyway. They could be getting ready to start pumping.🙂

A new mound has appeared to the north of the existing waste mound.

At Telfer there’s something happening in the trench on the north side of the dam, they may have started the concreting. 👍

Hi Rockfall

It’s nice to hear an Aussie cheering on Havieron over De Grey, there seems to be blank looks normally from Aussies about Havieron mainly due to its London listing.

Hi RR

If you’re waiting for dilution that might not work this time, expect an accretive issue of shares

You can’t compare De Grey with Ggp.

They have an advantage at the moment with Australian funds being able to invest in this company, Ggp hasn’t got this option.

On the other hand though De Grey has to rely on the gold price to cover all the costs and all the profits.

Ggp has copper so if the gold price covers the costs then the copper is all profit.

3m tons per annum at 0.6% = 18,000 tons cu at $10,000 = $180m per year

At 1% = $300m per year

3m tons at 3g/t au with an AISC $1400 = $289m per year

My earlier post suggested $1-200m, I was thinking more of having the 30% not 100%.

I’ve not included anything for Telfer.

Hi MH

Lock down did play a part but that wasn’t the main reason for Ggp’s share price racing away. It was more to do with GDXJ first investment in Ggp and misinterpretation of its free float.

A lot of folks followed me and TomE after our discussion on the TW board, that was way before covid but others followed a few other posters such as Goldworm who has brought far more investors here than me.

Lockdown had virtually finished before I started posting on here regularly. I don’t consider lockdown was the cause, the shear size of EG started the bandwagon and the absolutely stunning first drills kicked it off. Then there was the momentum of Newcrest joining in and the need to keep Telfer alive.

Then there were quotes from knowledgeable people

“ this discovery is the biggest gold find in 2 generations “

“ the mineralisation is 10x Telfers”

“Could be 20moz”

“ intercepts over 200m at 1g/t could be a Tier 1 on its own” reference to the Eastern Breccia.

They kept coming fuelling the rise.

Hi MH

When you say £1 is not possible why?

When it was 1.6p I could only dream when folks were talking of 16p and it doubled that.

This company could be earning $100-200m per year profit from 1 asset , maybe more , so a $5bn could be achievable.

There are a lot of Brokers and Funds waiting to get in, there hands are tied at the moment.

Hi Ben

Looks like we may be getting close now.

It seems that some brokers have published the news about Dean Horton, such as Pilling stockbrokers.

https://www.pilling.co.uk/home/profiles/news-and-research/external-news/article/?category=aim-bulletin&slug=greatland-gold-appoints-dean-horton-as-new-finance-chief&story_id=17018080#

Also Tiprank

Hi Bellers

Dean Horton certainly looks well connected

Hi JD

I don’t mind talking about political issues but this isn’t the place, there are some abusive people on here that will seize the chance.

Talking about the square mile demise is another issue but in yesterday’s news funds are returning from Paris as London is as a more safer jurisdiction. It’s very topsy turvey 🤷‍♂️

The Juri jv stage 2, the 3 years from completion of stage 1 lapses on the 20th Aug, so stage 2 has not been fulfilled. This still leaves Newmont with 51%, will they want cash for this or is it included in the sale package?

I don’t like discussing politics on a bulletin board it just creates ill feelings and you can never change peoples views. Best reserved for somewhere else.

Hi Dip

We probably all made an error in not selling at 37p but just stop and think if everyone had sold at 37p.

No one would have got that price the spread would have widened considerably as in any spike.

The share price would have plummeted to the depths and the vultures would have swooped in and left us all in tatters.

I didn’t come here for a quick buck, I’ve invested for the long term hopefully.

Hi Sungam

By minnows hope you mean Winu 🤣

Dean Horton is already on the web site, that shows how important to the team he is

Having this Board and team is crucial if Ggp gain the 100% of Havieron and Telfer.

https://greatlandgold.com/about-us/team/.

They have the management experience required to run operations deep underground at both Havieron and Telfer.

They have the experience to run the processing plant with first hand knowledge of Telfer and its ore deposits.

They have the experience in mineralogy to get the most out of the Havieron ore and hopefully prolong Telfers life.

Ggp could not run Havieron and Telfer without this high calibre Board and team.

It’s a super team put together by someone who knows what he’s doing and following his vision.

Well done Shaun 👏👏👏

Ah just found out , looks like they will be concreting over the liner/repair from the 16th July, so not backfilling yet.