Member Info for Culpepper

What has changed in the RNS if it is meaningful is the wording. The last talks of completion, whilst the one before included publication this quarter.

Dip. This sunset clause gets mentioned now and then. Does anyone know what it says or where it’s accessible to the likes of us?

Tig. Haha.

“While also confirming the DFS and DTM will both be released prior to that”

YNAW. You’re catching on about keeping promises. Though I’m unsure what you mean about FS and DTM.

A MRE is on its way. Newmont will review it. And regardless of what happens next, on the basis of the RNS, and therefore the market at large, it will look less than good for Mr. Day if Ggp don’t follow through one way or another.

Of course I do. If they’re honest, I think others do also. It’s a natural progression feeding into all the conjecture about the future, in which you may take part.

And finally, it is almost impossible to see Newmont, Ggp, or anybody else being in a position to make decisions or persuade shareholders around the question of Havieron future without to date information on the quality of the asset.

In other words, I think they will help their shareholding along, supporting Ggp as they are, but if there is more to be made, they’ll be up it.

I’ve never viewed Wyloo as a bank, advancing money for others to profit as a result of asset purchase.

Newmont divesting or buying Hav/Ggp are possibilities.

If they divest, it is said Ggp will be a bidder. There is mention of ‘we’ having the cash. It doesn’t look to me that Ggp are in the best position to drum it up, on it’s own, certainly not at this time prior to FS and the rest of it, with the current bank facilities granted on the known position at that time. Those banks would normally take an interest in other debt, and protect themselves.

Buying more Hav was not in the planning. I guess Mr. Day was content with 30%. It may be that a little more can come his way with a new JV partnership. Perhaps Wyloo or Wyloo plus, with minimal extra debt.

On Newmont buying Hav, it would seem an ‘easier’ job, financially. Yet Newmont cannot just wrest the asset alone away. It will have to be agreed, by Ggp board, and then on my reading by vote by Ggp shareholders.

Perhaps not as simple as buying Ggp, and putting all cash at a premium into the hands of voters.

But personally, I think the various possibilities will linger on until after the FS is published, at the earliest.

We have no way of knowing what will impact individuals, but increasing confidence reflected in a RNS to the market at large cannot harm prospects for the sp.

On what is known, some drill results and MRE appear next up on what we are led to expect.

And I agree, it’ll effectively come from them. I say that because I don’t know how to date they keep their own shareholders, but you’d expect contemporaneous ones.

This is very unlike the 5% scenario.

I don’t think there’s any way Mr. Day would release a MRE without Newmont’s say so.

The ball after completion is undoubtedly with Newmont.

Of course, we all know that. But we are Ggp shareholders, not Newcrest or Newmont.

It was anticipated. It didn’t come. I don’t regard that as good for Ggp.

But it’s coming now.

MHO. Everyone knows what’s been said.

There are those on this board who have previously suggested a tactical reason for delay, after Newcrest failed to publish.

And others, like me, who cannot see merit in that viewpoint.

The other side seem less inclined to put meat on the bones of that nowadays.

No. It should have been out before, by ‘alignment’ with Newcrest who were so say too busy.

Hence the immediate RNS saying Ggp are doing their own.

Tig has not mentioned price. Simply making the point he, like me and others, think that the timing is slipping, particularly on MRE whatever it may show, with no expectation it will necessarily affect the share price.

Tig. They can talk about repetition if they want, but your point supersedes the takeover discussion.