Member Info for BigEvi

I think we are all missing the point that Newmont will want top dollar for their shares - they won’t be giving them away and will have a deep understanding of their tue value😉

Charles Archers view👍

Greatland Gold (Resources) is getting closer to its ASX listing. Long-time readers will know that I’m very bullish on what happens to GGP when this happens - on an ASX peer comparison basis, the stock is still very undervalued and I expect we will see 20p+ in the near future.

This isn’t an entirely subjective opinion - all you need to do is compare the market capitalisations, current gold production, AISC and ounces in ground to others in the same Aussie space.

It’s not rocket science.

But in the run up, there are a few interesting factoids to digest.

First was watching multiple directors and senior employees let go of nearly 500 million options at 6.64p per share - at the current share price of 14p and an intrinsic value of 7.36p per option, that’s letting go of £36.8 million at face value.

And they’re reinvesting 50% of the 6.64p payout back into GGP.

This is both unheard of and an impressive display of confidence - because while charity exists - the only reason they would do this to secure the ASX listing is if they believe it will make them even more money.

Yep.

Speaking of the ASX listing, Shaun - employing the wiles of the wiliest fox, one perhaps who has been appointed Professor of Cunning at Oxford University - has set up an entity to oversee the orderly transition of Newmont shares to the bookbuild, one in which Shaun is the sole shareholder.

Sorry chaps, no market maker shenanigans allowed here.

It was no secret that Newmont wanted out, so it’s good to see this being managed well.

I think this is just Shaun’s way of keeping his word and including retail investors that have supported the company in the past. The price is irrelevant in the scheme of things - it’s just an offer - take it or leave it👍

Classic MM ploy to get stop losses and gather shares for next push up👍

Gold $3112 - we have a license to print money - don’t even mention the copper👍

Very Encouraging😉

I think we may be pleasantly surprised . Plant is being maintained last week of March so they could start producing the production figures for the first quarter report early.

Let’s wait and see👍

Why hasn’t Alien issued an RNS?

Bet there would be massive interest if Shaun decided to IPO O’Callaghans ONCE IT WAS PROMOTED CORRECTLY👍

Once the first quarters results RNS hits in April this will take off. Followed by ASX cross listing to really kick in the boosters🥳🥳

Greatland Gold - a transformational acquisition

Buy, target price 10p+ says HotStockRockets…

Having been tipped at a 7.3p offer price on HotStockRockets last week, these shares are already up to a 7.5p such price but at up to this level we consider them a Buy and here’s why... Being able to raise £255 million of new equity in the current declining AIM market immediately commands attention – and that was what Greatland Gold (GGP) was recently able to do to “fully fund the cash consideration for the acquisition of 100% ownership of Havieron and Telfer, to make Greatland a material producer of gold and copper” .

Greatland recently announced results for its year ended 30th June 2024 which showed a loss of £14.9 million on nil revenue and after also, particularly, £12.4 million on “payments for mine development and fixed assets”, cash £26.3 million lower to £4.8 million. Overall, net current assets were £33.7 million lower to £1.8 million, with also only slightly decreased “non-current” liabilities – and those still £43.7 million including £41.5 million of borrowings. There is now the noted acquisition for a headline “up to US$475 million” – equating to approx. £375 million. However, of that potential consideration more than 35% ($167.5 million) is in shares and more than 21% ($100 million) is deferred contingent payments and Telfer is a producing gold-copper mine, located approximately 45km west of Havieron in the Paterson Province of Western Australia.

Telfer’s first six months of 2024 production were 45koz gold and 1kt copper. However, that was with processing operations suspended for the majority of the period due to tailings problems. It has since though been announced that processing operations are back running to plan and the situation has resulted in significant ore stockpiles which should further de-risk production in this immediate period following acquisition completion. It is also emphasised that, with its location and existing infrastructure and processing capacity, Telfer will de-risk, expedite and reduce the cost of completing Havieron development. That is with Havieron a major underground gold and copper development project discovered by the company and having been being developed together with industry major Newmont. Greatland notes; “As at 31 December 2023, Newmont reported a Mineral Resource for Telfer of 27.6Mt at 0.67g/t Au and 0.09% Cu for 0.59Moz Au and 0.02Mt Cu… In December 2023, the company announced a Mineral Resource, inclusive of Ore Reserves, estimate for Havieron of 131Mt at 1.7g/t Au and 0.21% Cu for 7.0Moz Au and 275kt Cu (8.4Moz AuEq)”.

The company states that it is to complete a feasibility study for Havieron within 12 months, though already has noteworthy debt financing support from ANZ, ING and HSBC with a “commitment letter” for an A$75 million working capital facility and an A$25 million contingent instrument facility and a “letter of suppor

The existing shares have been cancelled in order to re admit the enlarged 13 billion new shares- this has been posted by GReatland since the reverse takeover was announced👍

Can we breach 7 at close😁

Https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Reports-Third-Quarter-2024-Results/default.aspx

*************c/1410026379/377343

Just divide the amount they took by .048 and that will give you the number of shares you will get. Also look in your HL message box - there should be a letter telling you how many you have been allocated👍

That was his original price based on a 30% share of Havieron .

Things have moved on 😉👍

Found this on Hot Copper - interesting 😉

Lots of M & A talk all over the gold sector at the moment

This article just popped up in the AFR.....for non subscribers i paste it here

Rio Tinto prepared to sell stakes in Winu copper project

Rio Tinto is keen to sell a stake in Western Australia’s Winu copper project, raising the prospect of a broader consolidation play in the Paterson Province as rival miner Newmont also looks to exit the district.

Rio declared in February that it was looking at “alternative development models and partnerships” for Winu, and those efforts have accelerated.

It is understood that Rio’s preferred model would be to sell a stake in Winu rather than full divestment, similar to the way Rio sold a stake in Peru’s La Granja deposit to Canadian miner First Quantum last year.

But the miner is open to all possible outcomes, including full retention.

Like most miners, Rio is keen to acquire more copper assets, but Winu’s size and grade is modest by global standards.

The measured-and-indicated mineral resource statement for Winu suggests it contains less than one-third as much metal as the Resolution Copper asset that Rio is trying to develop in Arizona.

Copper grades at Winu of 0.45 per cent are well below the 1.89 per cent copper at Resolution, which also boasts higher gold grades.

While Winu could yet prove to be bigger and better with further exploration, Rio believes it may be a more suitable size and scale for a small or mid-tier miner.

The Winu sale process comes at a time when prices for copper are relatively high at $US4 a pound and as Australian-denominated gold prices test record highs above $3700 an ounce.

Rio’s exploration teams found Winu’s copper and gold mineralisation in late 2017 when copper was fetching closer to $US3.15 a pound.

The Winu discovery came just months before London-listed junior Greatland Gold found another exciting copper and gold discovery about 130 kilometres away at Havieron. The two discoveries sparked an exploration rush in the remote Paterson Province and breathed new life into the district’s incumbent gold and copper mine, Telfer.

Havieron is now 70 per cent-owned by Telfer’s owner, Newmont, and ore from Havieron will likely be trucked to Telfer for processing to extend Telfer’s lifespan.

Newmont confirmed in February that it planned to sell Telfer and its 70 per cent stake in Havieron. Greatland Gold shapes as a likely buyer given it has matching rights to any offer for Newmont’s stake in Havieron.

Greatland is 8.5 per cent-owned by billionaire Andrew Forrest’s private company Wyloo, meaning the London-listed company has access to significant funding should it mount a bid for Telfer.

Greatland also has exploration partnerships with Rio in the Paterson Province, suggesting it is well-placed to consolidate the district should it be able to strike deals with Rio and Newmont for Winu and Telfer respectively.

Https://audioboom.com/posts/8544419-sunday-roast-featuring-charles-archer-long-term-ftse-aim-investor-and-freelance-financial-analys

UFO from37 min 20sec😉👍

Https://audioboom.com/posts/8544419-sunday-roast-featuring-charles-archer-long-term-ftse-aim-investor-and-freelance-financial-analys

GReatland from 57mins😉👍