RE: Exploration or Mining?25 May 2020 15:43
We're in a very lucky position regarding Havieron and I'm more than happy to hold and see this one through, I've already done extremely well here.
GH with his CV & pedigree, he's the money man make no mistake.
It takes 10 seconds to look through the balance sheet to realise, the company is loss making, has no revenues (apart from interest of cash) and it can only exist through share dilution of some description, including no more grants from Govt of Western Australia either. This is the reality not a deramp.
The 5% fair market value, was a master stroke by GH, it gives GGP the flexibility to keep all options on the table. If one of the options was to spin-out another company to become GGP mining, then it would only be a on "paper" company as Newcrest would do all the mining and GGP would just pay a toll. This company would be profitable unlike the loss making exploration side, and no doubt GH would be very aware of that upside advantage.
Clearly there are other options available but this one cannot be ruled out at this stage
Looking forward to MRE from Newcrest.