Member Info for BollyR

Yep, Hydrogen appears to have moved onto PAT now. He was putting a poster right earlier today at 13 50 with this classic
"Actually Geng it's supply and demand that drives share prices and nothing else." Really Hydro?! ??

And Sharkface blows Mercedesman's

cover, for those who don't know he is InvestorX on Twitter!

Yes, if this employee were to sell now (note they have only taken up their options, not necessarily sold yet) at 8.85 pence, they would make a cool £447k profit. Nice. Still find it interesting options are being exercised now.

https://www.youinvest.co.uk/sharesmagazine/2020-05-14/can-gold-miners-help-to-dig-income-seekers-out-of-a-hole

Oh, mine came straight through, they're probably dealing with volume registrations now!
https://www.hannam.partners/insights/research/research-articles/initiation-exposure-to-a-unique-tier-1-gold-asset-in-australia/

Paddy & others, register with Hannam & Partners and you can access it. It is a fantastic well put together report.

Yes, register with Hannam & Partners, and there it is! All 32 pages of it.

A clear target for Newcrest to consolidate 100% ownership
In our view, given the outstanding nature of the resource and its proximity to the
Telfer mine it makes sense for Newcrest to consolidate 100% of Havieron, as the fully
operating Telfer plant is nearing a time when it will need additional feedstock. We
would expect these conversations to be able to start relatively soon as sufficient
drilling has now been done to give both parties a good sense of the size and quality of
the resource. This will become even more the case once a technical study signed off by
an independent third party outlines a life of mine schedule and its corresponding
NPV.
Currently Greatland Gold are in a strong negotiating position, as they should be able
to easily raise their share of funds required to pay for the capital costs to bring
Havieron into production and therefore avoid further dilution of their holding. This
makes the case for Newcrest to take its ownership to 100% even more compelling.
Greatland’s current market cap is £319m or US$390m, which is more than 10 times
our estimate of Greatland’s share of capital costs for Havieron of US$33.9m. We
therefore expect in the future any acquisition of Greatland’s share in Havieron to be
on attractive terms for Greatland shareholders.

At no point did anyone state would hope mid-cap by end of year! Yes Martin Hull stated they define mid-cap as £400/500m, and that they are working towards this.

b o l l y b e a u at y a h o o . c o . u k ... no gaps.

606,472 from me.

I emailed Hamish Harris last week to see if he could give an indication. His response: "Depends on a number of factors. Average time taken for an RTO is circa four months as long as it doesn't go through August / Christmas. Regards, Hamish Harris"

Yes

I emailed the company to ask the question if shares would be rendered virtually worthless upon consolidation or represent a 62% increase and Hamish responded within 10 mins. "No it means the price will increase accordingly to offset the lesser number of shares. Yes, it's a decent premium. Regards, Hamish Harris" Mini panic over!

Exactly, surely the 1000:1 consolidation in conjunction with the transaction will virtually wipe out share holdings!? Or is this an incorrect interpretation?

Thanks for the informative response, much appreciated.

Can you expand on what Hamish was able to discuss with you both?

What price did you buy in at draft?

OK sellonnews, my interest and curiosity is piqued, spill the beans! ;-)

I know, it made me chuckle!