Member Info for corradus

Good point MFU. Could anyone suggest a site that would provide volume figures for January? I only have figures going back to start Feb.

Had a quick look at the volumes and there was a spike (136,961,972) on the 20th (and a bit higher 1 day either side). Just wondered how much of this spike might have been those who bought on a T10 settlement date (always with a view to sell pre announcement), with their buys being timed to coincide with the well anticipated announcement on Wednesday night, assuming others would buy in the lead up to the announcement with a view to holding until after? Would they need to be selling around now to get the money in for settlement?

22-04-2020 1193 77,203,613 1 8,500,000 7 7.7
21-04-2020 1912 111,026,990 1 5,000,000 7.01 8.02
20-04-2020 2575 136,971,072 1 5,000,000 4.9 7.82
17-04-2020 1596 102,634,572 1 4,000,000 5.75 6.74
16-04-2020 560 27,533,135 1

And its Wednesday morning I think... got my time differences wrong... doh!

Sorry all for being unclear. I meant the eventbrite one that Sharkface sent...

Super. Thank you.

Please could someone post the registration link for the presentation on Wednesday night... I can't find it!! Thanks

Halifax aren't the only ones - suspended by HL too.

Hi Schlemiel
Yes tbh thise were my thoughts as well!!
C

I have now spoken to HL regarding any possible part / all share offer.
They said they cannot hold shares traded on ASX, but MAY be able to lodge them with another broker.
It was also suggested that I consider transferring my ISA / SIPP to another provider that is able to deal with ASX listed shares and this would keep them within the tax wrapper. Never done this - any comments as to how it works? Similar to Bed & ISA or more straightforward as shares already in an ISA? Could you lose value doing this?
I asked if this needed to be done pre/post offer and was told they would need to contact me personally to discuss options (all a little vague imo). They also pointed out that as the shares would be traded on another exchange you would become liable to any relevant Australian tax legislation, whatever that might be... There would be FX charges if the ASX shares were sold, and the dealing charges themselves may be higher.
That's everything I could glean from them. I did also suggest to them that they consider dealing shares on ASX and that was noted by them as a suggestion.

Thanks Paddy. As ever appreciate your views and reply.

Hi Paddy
Given what you said re future AISC for Telfer what's your view on the figures used in the YouTube video by The Investment Journey?
AISC =1140.75, Gold = 1239.5, Grade = 1.55g/t
I know it's meant to be conservative, but those figures seem very conservative to me?
Also it mentioned only using the AISC for the underground mining part of the Telfer operation, but the figures used appear to be the AISC for the overall operation. I assume there is still open pit mining going on at Telfer? So if the AISC figure is for the overall operation wouldn't it be too high anyway as for mixed mining types?
Thank you.
C

Hi Joe
Yes hold up my hands. I was interpreting (incorrectly!) a buyout of HAV as being full ownership now. My mistake. Of course, as you say, they can bring forward their bid for the remaining 30% and then complete the farm-in as agreed (makes total sense now), but as PG and yourself have said it's a question of the premium - I think we all agree on that. Still has the same risks for NCM as previously mentioned, and yet they'll need to pay a premium - good news for GGP.
In some ways I'll be relieved if that is what transpires... :0)

Hi
Looking at the possibility of NCM buying just HAV right now would mean buying 60%, rather than at the end of stage 4 when it would drop to 30% for little further outlay. I can't see that buying twice as much now would be a good deal for NCM, given the latest drill results will be public, any other non-public data presumably must be known to both parties at the time of any proposed deal, and given the amount and speed of progress made by NCM so far in firming up the detail of HAV (how much is left to know?). For it to be a good deal the value of HAV as it stands now would need to be no more than around half of what it would be at end of stage 4 (and hopefully for NCM a lot less), however far off that might be... probably not as far as originally envisaged. And everyone knows where POG is headed... It would be something of a gamble on the part of NCM wouldn't it?
If the offer is pitched low because resources are "only" inferred, implied, measured rather than being probable / proven reserves then my guess is it will be rejected, so not sure that can be used to leverage a cheap enough price with much certainty of acceptance... and it is then a risk for NCM if it then turned out badly. Aren't GGP the explorer, i.e. risk taker...?
Welcome comments / other views. All IMO.

Last traded price (within hours) is 8.89 - the "current" price. Bid / ask spread is 8.70 / 9.00, which is correct.

Hi Empux & Redhamster
Thanks for your replies. Sheds a bit more light on things.
Redh - have you chased HL on this as 5 months seems a ridiculously long time to get the shares transferred?
Empux - how long did your shares take to appear in HL please?
The arrangement seems okay - only being able to sell - but the risk of not seeing any NC shares for 5 months or more would be a major concern for me...

FWIW I can see a TO of GGP (IF there is one at all) involving part shares, as this would keep cards in the game for Scally etc. moving forward. Don't think a buyout of just HAV is likely tbh.

"GGP... a wholly owned subsidiary of NCM"... :0) much like Newcrest Operations Limited (with whom we have the JV) is a wholly owned subsidiary of NCM. All IMO.

GLA and tanks for all comments re part share TO.

Will post back the reply after I have spoken to HL tomorrow.

Thank you poniexpress.
Appreciate your reply. Failing a definitive answer I will phone HL tomorrow and get clarification, and post back in case it's useful to others.
I don't want to be forced to sell pre-offer, if one is forthcoming, but I suspect that is how it will pan out...

Hi WT98
I think explorers would generally sell off a prospect once it has been proven up, but prior to developing a mine...
Still can't see why NC would buy just HAV now as at the end of stage 4 they own 70% for small outlay and currently only hold 40% so paying a lot more for that 30% hence why a TO of GGP in full is more likely IMO.

Hi
Sorry to repost question, but if there were an offer by Newcrest that involved all/part shares and your GGP shares are held in an HL account (or with any broker that doesn't deal shares on ASX) then what is the process for holding ASX shares offered within HL account (even possible?), particularly if GGP shares held in ISA and SIPP...
Would holders automatically get Newcrest ADR shares, would you get certificated NC shares, but outside of ISA / SIPP wrapper? Or best to just sell pre-offer and keep cash within ISA /SIPP wrapper?
Thanks. C

Totally agree VF. Margin is great and getting better. Those were my biggest issues with that "conservative" YouTube NPV video... the AISC was too high and the default POG used was way too low.... IMO.

Presumably if they're presenting an offer they need to disclose everything drill results wise, so interesting to see what dates are included?
Also T10 holders looking to settle... downward pressure on the price ready for offer?