Member Info for Culpepper

Ggp info on Hav is out of date. We shall know more by February-time.

Haha. That’s the nub of it, this eye watering sum and who’s got the handkerchief if all that happens.

Telfer’s a complication as always.

That’s my lot for today.

Cheers.

And if Ggp or Hav get bought out it will be a big deal. And if Ggp buy more Hav , that will be a big deal too. That’s about it, really.

You might as well ask your cat as look here for inspiration at the moment. I can however say it’s anticipated to be a fairly big mine but they all been hanging about, not telling us what it all adds up to over last couple years. But Mr. Day, the boss, says he’s fixing that.

Spade. Not me, banging a drum for Rio. They’re doing what they’re doing with Ggp. No other plans they told me about yet. Let you know if they ring me.

FM I now understand your guess. No harm in it. You may be right.

Toffers. It would be hard to disagree the tenor of your post.

That particular RNS gives Borelli options out of date. Never mind, perhaps re-extended later.

But I get the educated guess idea.

Ah, so it’s an assumption somehow we’ll get a RNS next couple days of an option exercise by Borelli, on the basis of what Latcham did. Thanks.

James and firstmodern are talking about Borelli options. I’m unclear what or how they’re putting together and posting.

Out of interest, which set of Borelli options is it suggested are currently being ‘churned through’, sold into the market?

Funny one, the Callum Baxter shares, and how he’s reckoned as a luminary after not selling. I imagine it’s because the price would have cratered earlier than it did, and he’s loyal to the company.

I see the basis of his win/win though, for those buying now.

Growing our estate of new format stores

Our successful store refit programme continued with six refits in the first half at Shipley, Blackpool, Haverfordwest, Stafford, Nuneaton and Braintree. Sales uplifts remain strong, driven by an uplift in DIFM of over 50%. Our refitted stores also benefit from an improved order fulfilment layout which increases click & collect capacity. This is clearly resonating with customers with click & collect participation increasing across the chain.

Despite the impact of higher build costs, store investments continue to deliver a ROIC of over 25%. A further five refits are planned for the second half.

Our new store opening programme is gathering pace. One new store opened in July at Chelmsford, and we expect two further openings at Widnes and Torquay in the second half. We remain confident in the opportunity to expand our proven model into 20 new locations over a five-year period.

Https://projectscot.com/2023/09/work-begins-in-aberdeen-on-build-of-10m-wickes-store/

In the end, it comes down to any parties considering their futures working out how they can best proceed in logistic and cash terms. None of us knows sufficient to make informed judgments about matters to which Newmont alone has yet to fully turn it’s corporate mind.

You appear to want to debate my posting and make a point to others about me. That being the case, please do the courtesy of putting your remarks into the context my posts, so that I may respond. I shall read what you have to say in the morning.

Another challenge is trying to work out what your problem is.

Where’s the reversal/backside covering? Something displeasing you? Spit it out, spell it out for us all, instead of unqualified sniping.

Dip. We don’t know what they amount to, but on your point.

“As part of the joint venture, Newcrest and Greatland have entered into standard cross security arrangements which in the case of Greatland will also secure repayment of the Havieron Loan.”

 

For clarity on dissenting decision to mine.

Following the delivery of a Feasibility Study, the Management Committee will meet to consider a Decision to Mine. A unanimous vote by the Management Committee is required to approve a Decision to Mine. If a Decision to Mine is not approved by a unanimous vote, then the party who voted in favour shall have an option to purchase the non-approving party's interest at fair market value.

https://www.lse.co.uk/rns/GGP/two-jv-agreements-and-funding-for-havieron-i7a329w9px7bs18.html

I like to know the rules that are set. Of course, they can all be waived by mutual consent and facilitate any sort of agreeable outcome.

My understanding is it is fair market value on a Newmont decision not to mine. Right of last refusal, matching highest bid, if Newmont put it otherwise to market.

Gg19. I share the views you express. Uncertainty prevails, whatever Mr Day may say and the market, outside of this goldfish bowl, reflects that.

I am with Wyloo on price and holding, in the hope they have it right for Ggp.