Member Info for Culpepper

Finishing the day up if it can would be something of a conquest.

Anyway, it’s going for one of them little trots out, g ( gp ) up!

Dip. Pretty basic, ignoring an exploration result, I think this will probably drag through Newmont completion to decision, and that’ll give clarity on that. Then the sp will react to whatever Ggp do or don’t do arising therefrom. Then we’re onto FS DTM, when I imagine it’ll at least start to shape up. Then revenue etc., for far greater clarity.

Quite right. I don’t give out or take guarantees arising from chat on here.

I don’t know how anyone can make too much of a price forecast on this one until Ggp gets to FS, DTM, production and revenue, whatever free cash flow, when investors will see what it’s ‘worth’.

And in the meantime there’s the possibility of ‘events.’

We all know it’s borrocks anyway. But it passes the time.

In perspective, as the chat goes, it doesn’t really matter, I guess that 88p is 22p prior to Tymers’ 4 to 1 consolidation.

You can follow Baxter and his buy in price. I’m following Wyloo’s. I don’t know but take the view Baxter’s allegiance to Ggp is such that he personally has been unwilling to sell anyway, for fear of what it would do to the price. Quite apart from his opinion on prospects.

Https://poundf.co.uk/greatland-gold perhaps

Not them. The other lot.

Haha. They mustn’t forget to include Newcrest in negotiations if need be.

We don’t know the price. But if we say as a minimum it’s Ggp market cap plus, it seems a lot to structure. It’s a conundrum for shareholders who want our value of Havieron high, and Newmont’s low. ( I don’t think the MRE features in that, Newmont will know what they have )

I’m very open to innovative ideas on how it could be structured, if Ggp are to acquire, maybe at a lesser %age than 70%.. We’re just obliged to wait, and see what if anything those involved at that time cook up.

No. I followed the previous post on the subject, Ace.

Just because I have a preference for one course of action, doesn’t mean I can’t look on the brighter side for another.

Yes. There’s all sorts of possibilities, as I said. And though there’s a temptation to view Newmont as a protagonist, and though they’ll want best value they can get, there’s no reason to assume they won’t be supportive if they really are keen to divest. These boards always looking for boogeymen when it ain’t necessarily so. It’s business, and move on.

Https://www.torbay.gov.uk/news/pr8985/

Https://www.lse.co.uk/rns/AMRQ/amaroq-agrees-key-nalunaq-contracts-with-thyssen-schachtbau-and-tamarack-mining-services-li44k4iotb1d170.html

I have criticised Mr. Day as the face of Ggp for the non-publication of a MRE, for Ggp shareholders, though I fully understand he is a junior partner in the JV. That’s being put right, so-called this quarter, but I feel he either knew what was going on, or didn’t. It is not satisfactory either way. He will know that.

I leave exploration alone, though the tie-up with Rio may prove significant.

There’s nothing wrong with the Havieron project, or his conduct with Newcrest in that respect - 5% and all that. But you would have expected the MD to represent shareholders.

We seem to have a heavyweight board. Yet no activities justifying their current existence - Newcrest run operational activities at Hav. Perhaps that will change.

On Newmont decision, you will know I am unenthusiastic about 70%, at first sight the debt/equity dwarfs Ggp market cap - can’t see it.

Yet it is not all or nothing, if it comes to that. There are options, permutations, and many ways debt/repayment could be structured, some have been mentioned, and convertible loan notes and all the rest of it.

It is the Newmont decision that will continue to dominate. That could drag on. And is unhelpful to the sp.

In the end, my only expectation is for Mr.Day to best play the hand he is dealt by Newmont.

Thanks for that. Interest.

Newcrest loan is payable from Wyloo facility. I think it’s in that agreement with Wyloo.

It’s a lot of cash to borrow for Ggp to acquire the lot. And that wouldn’t include 100% development costs. Can’t see it with Ggp market cap as it is, but old Day seems to have convinced Town Hallers it’s there to be had. I don’t know anything beyond that generality reported back somewhere.