Member Info for Culpepper

I think this older RNS may indicate their thinking, on timing, FS, ASX listing and reason for it.

https://www.lse.co.uk/rns/GGP/corporate-update-s4jnz76pog01to3.html

I can only think that Greatland are very keen at this particular financial stage to have the Feasibility Study available to support any application for further funding from the banks, for capex, in line with the circumstances of the previous debt financing arrangements, which on the face of it requires the FS before those funds can be released. In the meantime, they rely on the Wyloo facility to see them through this year ( or so ) at 30%.

On De Grey, it was anticipated. The 600m equity raise was to unlock the billion in debt, as planned.

Sale, by Newmont, apparently so far.

Forgetting the salaries comment. That is the fundamental nature of the challenge. Financing any acquisition and added capex, bridging the gap until income and the time when any acquisition will become accretive. It’s all about the cash.

It should be shortly available, if Ggp are to progress. Little doubt they will need it to support debt requirements, the original bank non-binding support being subject to FS criteria.

They need a CFO. And if Ggp is going for full ownership and revenue of Hav plus Telfer and 100% capex it’ll need to raise an amount equivalent to its existing market cap and then some.

I don’t see there’s much for a naysayer even to latch onto, at a basic level. On share price at face value, an upside from 7p ( on the old FS 2 - 3 mt. and as things stand ) to 16p for a 9mt. operation.

Course, it’s Mxc where he wants the benefit to particulary flow to, for himself, partner, and concert party.

Mxc are a caution, old Smithy acting as ringmaster and performer, negotiating with himself, on this and Cloudcoco, their other listed company.

https://www.lse.co.uk/rns/CLCO/interim-results-qvsv98nuljbt4jf.html

See no reason why any negotiations would prevent a quarterly update, in July I suppose. That seems fairly reasonable, following the usual.

Undoubtedly, the directors are privy to some inside information on negotiations, putting them in a closed period. In the event there is an equity component to a fundraise, securing the future of the mine and processing at Telfer, I would think that is more likely than not, a time when those so disposed will buy at a lower price than their options.

I would expect Newmont to stick to their criteria, on what they decide is a price with which they can agree. After consideration, H and others are on the market, nothing has changed, and an error in respect of their own shareholders might lie in appearing to shilly-shally around company plans and direction.

Gildi increased.

https://www.londonstockexchange.com/news-article/AMRQ/holding-s-in-company/16536407

I imagine they go through the business of Greatland clearing matters with Newmont, them being the managers and major partner. Doesn’t seem like much, but takes time, to have it cleared to date.

Officially, it’s as per the last RNS.

https://www.lse.co.uk/rns/GGP/havieron-march-quarter-update-ogdvnzrr53l88if.html

Link didn’t come out. For what it’s worth.

https://www.tipranks.com/news/company-announcements/amaroq-minerals-witnesses-major-stake-acquisition

Amaroq Minerals Witnesses Major Stake Acquisition - TipRanks.com

I hope so. Another pension fund following Gildi ( the largest in Iceland )

Amaroq Minerals Regulatory News. Live AMRQ RNS. Regulatory News Articles for Amaroq Minerals Ltd. Com Shs Npv (di)

And there’s one of the directors £2m take-up of shares as part of the last fundraise.

Trippy. I was very happy to let you LTH’s argue with each other.

But since you mention me yet again, in derogatory fashion, I would remind you that my so say trolling and negativity is to mention that pi’s should always be at least wary of a fundraise, which you all seem to hope is coming.

Best of luck.

Https://www.lse.co.uk/rns/AMRQ/holdings-in-company-8r0z95ls0w3qi4z.html

It appears to be an Icelandic pension fund, going up through 3%.

Can I just say, although we don’t know what it will say and should include, I think, matters around processing, there has never been a suggestion from me that the FS won’t be fit for purpose, or a DTM will not be made by somebody.