Member Info for Culpepper

Interesting posting. Lassonde curve dependent on price of gold, for example.

That should be ‘cosily’ by the way. I do not charge for being ‘green binned.’

As an aside to Bamps ( I’m costly in his green bin ) I’m not going down the road of ‘the shorts’ again. It doesn’t help my popularity.

But I do think those quoting Ortex might do better to quote shares utilised, rather than borrowed. ie. accept the whole data, rather than one that seems to suit.

Perhaps I have it wrong in my general assessment again and it will be pointed out by those disagreeing with my posting, but I have the feeling Ggp funding, to 2mt pa anyway, arrived quite early in the cycle. I guess not everything follows the Lassonde curve in the same way. And external influences may have effects on shareholder perception.

An individual’s take on the Lassonde Curve.

https://kuchling.com/the-lassonde-curve-a-wild-ride/

I’ve yet to determine your difference of opinion. So that’s untrue.

But I leave it. It gets disruptive over nothing.

I think the timescale is fact, what Mr. Day has inicated is factually summarised.

Come on. What bit do you take exception to?

‘Yeah but no but yeah !’

I hope not, but that might fairly reflect Mr. Day’s position with Newmont. It seems to have been with Newcrest.

It’s a reasonable conclusion. Newcrest didn’t come through months ago as seemingly anticipated. So he dug in on his own/Ggp account and said he would do his own. This quarter. He’s pushing the senior JV partner. But he would like Newmont to review, and agree something. They either will, or they won’t. Having made a promise, he will try to keep it to his own shareholders, unless he can delay it by some face-saving explanation.

The markets have been given a timescale. It would be better if he keeps it.

That’s Mr. Day’s job. He’s trying to push them on the MRE. We’ll see if they cooperate.

We don’t know his personal circumstances, his wealth being managed. I understand there are tax advantages, and can only guess equiniti on his behalf managed to just squeeze in a top up.

I think there’s £1500 worth of shares or so a year they can deal with in that sort of way without paying tax on that part of the divi.

This is what the FCA say

https://www.handbook.fca.org.uk/handbook/glossary/G627.html#:~:text=(e)%20an%20entity%20which%20issues,where%20appropriate%2C%20other%20financial%20instruments.

I will actually leave it there now, unless something is posted to contradict it’s meaning.

DTR 5.1 Notification of the acquisition or disposal of major shareholdings

DTR 5.1.1 R 01/01/2021

RP

In this chapter:

(1) references to an "issuer", in relation to shares admitted to trading on a regulated market, are to an issuer whose shares are admitted to trading on a regulated market;

(2) references to a "non-UKissuer" are to an issuer whose shares are admitted to trading on a regulated marketother than:

(a) a public company within the meaning of section 4(2)of the Companies Act 2006; and

(b) a company which is otherwise incorporated in, and whose principal place of business is in, the UK;

I don’t agree. But content to leave it there.

Yes. Ggp is a UK issuer ( of shares ) 3% applies as I have always understood. It would be a bit strange to have unequal transparency arrangements in the same UK issuer company.

I think you may find the domicile of the buyer is irrevant. It is the rules where the issuer is incorporated that counts.

But please look it up if you care to and point me to your point.

On facts and truth, anyone suggesting Newmont are buying shares in Ggp, ( not so much on this board )presumably for voting power and a bid, needs to explain how that would work. They’d need barrel loads, without driving the price up. As soon as they hit 3%, they’d be in serious breach unless they complied with transparency rules. Then price would move on up in anticipation of something up. And not a bid on the table.

What would be the point in that?

If Newmont want to bid, they’ll make one.

I honestly dont know what cards ( used to be chess they were playing ) that Ggp holds to beat huge Newmont’s hand.

It’ll be business decisions, cards on table, not that arty-crafty stuff.

Nobody has any basis for concluding Newmont are buying Ggp shares. No more than that Newcrest/JPM nonsensense that posters were fed. I

I would say the processing plant and Havieron are tied at the hip come to decision time and negotiations. Not of necessarily the Telfer mine and Havieron at that stage. All considerations will be on the table if it comes to negotiation.