Member Info for Culpepper

Well, I think most want an update, up to date as far as poss, and a summary by MRE. That’s one of the points people surely anticipate when investing in a would-be miner.

Probably more use than if somebody did this, we might do that, sometime next year maybe.

Https://www.lse.co.uk/rns/AMRQ/senior-management-appointments-and-conditional-rsu-awards-p5bnyjqx8ywg9d3.html

JD “Pepsi, you have surpassed yourself this morning.”

Thanks.

Why not? There’s room to look at it as a sector, as pointed out to me. And whatever happens with the price of gold/copper. That’ll make a huge difference. But personally, I don’t think it can be added up until we get past FS, DTM, when some unknowns are out the way, and possibly to what accounts show during production for some watchers.

Yes. Very fair comment.

Https://www.tipranks.com/experts/bloggers/don-durrett

Why would they rush, they’ll surely want to know what they got and how each fits in or not, across the new portfolio, after months of pulling the deal together.

Haha. Then the only ones we got to watch might be Wyloo. There may always be one such. Hypothetically, like rest of the chat at mo.

I don’t think we know who ‘we’ is when Mr. Day apparently said ‘we’ have the money. That’d be Wyloo buying Telfer, not Ggp, presumably some 70%, and become a JV partner. It would be a good outcome, particularly whilst the retain Ggp shares.

I’d like to know who the pessimists are from the MD’s 3 scenarios.

Whatever, it’s over 2 years, isn’t it.

Though I know there’s eager anticipation because old Tom mentioned February.

Longer the better may be the way to go for Ggp?

Only they know, and I see them taking their time, and what will they know about Hav without a FS? ( my thinking only ) How it even might fit into future plans, capex etc.

I should say I do not regard these matters as necessarily confrontational.

In the event that Newmont decide to divest Hav and Telfer ( I don’t know what to make of Telfer, value and so on ) to allow themselves to better concentrate on the rest of their portfolio, I do not see the point in making it difficult for a buyer. Though they will want what they perceive as ‘value’ under their own circumstances, it is in the nature of a deal.

Moving away from dilution, and going to debt, the further away the need to start repaying that debt and any additional debt the better. As in the current bank facilities, which on my reading don’t incur the prospect of cost until after FS.

Whilst Newcrest/Newmont continue to finance their 70%, Ggp is advantaged, and if the time does come to acquire, perhaps consequent upon FS, and Greatland get their sums right, a financing deal could be structured around the timing of additional % acquisition to facilitate Ggp paying off pro-data debt against pro-rata revenue from production.

I’m not excited by a potential prospect of debt and dilution. But there’s many ways to structure ancquisition deals and paying for them.

It’s just where we’re at.

The uncertainty around Newmont will dominate until they make their position clear. Thoughts of a possible raise deter shareholders. Together with a paucity of summarised information in the meantime through lack of an expected MRE.

Perhaps there is a little confusion on who has voted.

https://www.mining.com/web/newmont-shareholders-vote-in-favor-of-newcrest-buyout/

Newmont will anyway have to take on whatever is in the JV agreement, save it being varied by consent.

I’m pretty confident that Mr. Day is aware, that for whatever reason, Ggp shareholders are lacking a MRE, and he’s expected to come up with it soonest.

Yes. And I would expect it to be in Newmont’s best interests to get all information to take a view on Havieron. To me, that would include costing it out and would take us to FS anyway.

By which time the MRE would be published as a step on the natural road to production.

These are business people who will make best judgments they can in the interests of their respective shareholders. And as pointed out, resolving matters might not solely be restricted to Ggp and Newmont.

Of course. What do you think happened. He aligned, but it proved to be pointless?

And then thought, well, I’ll get on with the process of sticking one on?