Member Info for Culpepper

Unless 6ou’re a sucker upper of course. Loads of them here, peering like hippies into the sun that shines out of Mr. Days orifice.

And hole-gazers, guessing at things like Bamps.

I’ll pack it in for tonight. Defamatory. Don’t talk daft. He adds little, they’ll tell us. He can’t. You know that

Watching the share price. The indecision. And guessing where it might lead.

What you doing?

Bamps and so on. Well, corporate moves will hold sway. Forget their hookum.

You got 9 votes ( it’ll likely go up ) for calling me dog waste.

That’s the measure of it here.

No surprises.

Am I wrong.?

Mr. Baxter c@n afford to chase his dreams, based on his experi3nc3. I imagaine it’s a fulfilling challenge 5o him.

Not that it’s done anybody any good, so far, has it?

It’ll come, I hear you say. I must be right, mustn’t I?

After all, I am Bamps!

There you go then Bamps. Share guru in addition to being an expert on holes.

Good on you.

Pleased to see this board is becoming more realistic for pi’s. It might not be true for everything, but generally, there’s no gain without You downt get owt for nowt. Mostly.

D

The board will get their corporate bunce, and know when to spend their own money. And probably revisit Mr. Day’s options.

If there is an equity issue of any size, putting a base under the price, they’ll be up it ln a flash. And tell us when it’s done.

It’s just what they do.

Interesting.

Something more moderate for Ggp as an entity, is what I would suggest, for ageing pi’s.

But the hotshot board, from a different perspective, I fully understand may view it differently.

A case of be careful what you wish for, or the extent of it maybe, for existing shareholders, pi’s.

30% and access to Telfer wasn’t/isnt so bad.

I rather favour an outcome giving accretion in forthcoming years, but not cutting the company’s throat on the costs involved, acquisition, capex, in the time leading to production and sale.

I mean, I think it’s all around the FS. And then DTM. As foreseen at that time.

But it would seem daft to put the DTM to a vote when the Newmont part of the JV committee have said they don’t want to put cash into it. If that happened, on my understanding, there’s a bit different game in play, around progress from that point.

Don’t know about that. On your reading, as things stand, JV with Newmont, do you know what legally ends the JV?

I don’t, but suspect it will come to be mutually agreed.

Well, on the Australian listing, I think Mr. Day has said ( at Town Halls?) there’s institutions on the sidelines. I’m guessing events may afford them the opportunity, having sounded them out, as I believe Mr. Day and the brokers have probably done. Movers and shakers, wheeler-dealers, and all that. It’s a corporate thing.

Why would you be wrong? They make a market, buying and selling is a discretionary business. Though they run it up and down when the need to, to make their cash. I don’t deny they know best how to make their commission on the spread, tricks of the trade.

What we’re seeing in my view is simply them finding the sweetest spots they can, on a daily basis.

Some posters like to give the mms a hard time. Not so much when buying pressure sends it up.

On DTM, I don’t see it as being made by Newmont, who apparently have no interest in mining Hav. That would seem silly.

It is, in a sense, why I wonder when, changeable by consent, the JV can be said to have concluded.

So many things for Ggp are dependent on the FS being published. On my reading, I think that might end the JV itself, but don’t know of course. I see no reason why Newmont would want to delay that, outside of their considerations on best practice.

I don’t see any point in Newmont being bloody minded in any respect. I imagine they have a far better chance of sales at a price when the assets have been desnagged, in the same way as Ggp has of raising cash on them. Which it will need to do, if Mr. Day opts to buy the farm, as many here hope.

It’s only my view, but in the last presentation Greatland has the ASX listing, in the full knowledge of the state of play existing, as H2. So it’s likely, and takes regard of circumstances as known/believed by Ggp. I cannot see it advisable to undertake a new listing in Australia without the long awaited FS as part of the prospectus. That would seem to be lacking in proper, to date, presentation. And I think they would need to know whether they are tapping Australian investors for cash through equity at the time of listing. The ability to take advantage of enlarged capital pools forms part of the reasons for listing there, as RNS’d.

And Ggp, if my line of thought has any merit, will need to know what it needs to raise, to satisfy acquisition costs, and capex going forward to production. I cannot see any upside in floating in Australia, in the midst of uncertainty. Investors would prefer otherwise.

And FS criteria is required to be met by the bank consortium before release of funds to cover 2 - 3 mtpa at 30% ownership, as things stand.

There’s a lot to juggle, and plans may change, but my guess is Mr. Day sees this coming together in H2, with the caveat it is dependent upon Newmont publishing the FS for Mr. Day to use, and I think Newmont’s possible desire to include, like Newcrest, hydrological data in the FS, may determine the speed when the FS may be finalised, and also the decline being adjudged ready to continue.

As to estimated date of first pour. Newmont seem the arbiters, followed by whoever buys the 70%, and afford access to Telfer. Processing arrangements will need to be included in the FS.

Investors are waiting on outcomes.

Depends on Newmont’s bottom line, and who may be up for it, I suppose.