Member Info for Culpepper

don’t think you’re missing anything. i wouldn’t advise anybody to buy it. i consider myself locked in, waiting to get out, when it’s sold, as it will be.

having said that, it was dire, after years as a **** up in my view.

it seems to be improving, from what they tell us.

Dip. They’re hand in hand. So yes, if they intend to reorganise they need the vote ( I think that’ll go through almost on the nod as procedural from a shareholder perspective.) And the holding company then agreed needs the ASX listing.

Yes, timing wise they will have a bit of a plan, as you say, their own. So no reason at all for it to be other than straightforward.

I’m not hot about any of this, unfulfilled pi expectations. All in place, out there, before production, and then costs of development done, production, and some accounts to look at it from a business perspective.

Sorry. Ggp neither confirm nor deny Bank of America.

Bank of America are ‘assisting with the listing’, and ‘preliminary ‘ discussions have been held with investment banks. Of course, whatever the outcome, Ggp can only say it’s not made it’s mind up.

It’s all pure guesswork, so many permutations, IF Newmont want to divest, and you consider Telfer as well. There’s votes to go through, board to appoint, and then get to consideration and decisions, and not just on matters affecting Ggp.

I read yesterday somebody put a February date on it. Don’t know why. I’m guessing sort of next summer.

There are such things as ‘ supportive long term shareholders’ - but opportunities present, if not already in mind. It’s at the moment going on Newmont’s next move, on what we know. That may take some considerable time to find it’s way to us.

If you’re looking for subterfuge and conspiracies, Wyloo will have an eye, as near as you can get biggest shareholder say.

They’ll know if there’s anything to benefit by, and act accordingly, or just content to let it play through.

I have used Wyloo buy-in as a guide.

In stages as they fall, at the moment I would like to see my money back. And then somebody buy Ggp, not H, out. There’ll be different attitudes.

The MRE seems to have been hanging about, it’s true.

I know he does Town Halls, and other interviews.

Yet people have to be more than a little hopeful, if they really think PI’s are to be at the forefront of the corporate mind and events.

So it’s not much of a point.

Dip. I do not think the listing is dependent upon the reorganisation, though from the RNS it would simplify matters in Australia, whilst retaining the London listing.

I accept it would be a nonsense to vote against reorganisation, with the company pointing out the merits of it’s relevance to trading on ASX, alongside London incorporation.

You take a view, and I dismiss any question of mothballing. JV agreement around DTM comes into that.

Ignoring technicalities that can be played with on here, Newmont will seek to optimise their portfolio, not have unproductive assets within it. And they will have Telfer to do something with.

There’s a roadmap being followed. Unchanged by non publication yet of MRE.

I remain of the view it will probably be corporate moves that will affect shareholders most, according to personal circumstances, and taste for outcomes.

Is what matters.

It’s a business. MRE, ASX, block caving or whatever, blah blah, is all a process on the way to some sort of profitability, and further growth on the proceeds.

Sandgrounded. The last RNS indicates the vote is in connection with the reorganisation, not the listing, though they may go hand in hand. As I said before, I am aware of nothing in legislation or Articles of association regarding listing vote.

At the moment, it appears the cross listing is going ahead. There is no update on the reorganisation, which was said to be under consideration.

I would put it back rather than cross list without.It would be lacking and look terrible.

Unsurprised actually, like a few others the way Ggp is obliged to play second fiddle anyway.

It would be reasonable, perhaps essential, to get the MRE out before trying to market the company in a prospectus or similar form on ASX listing.

I don’t think it’s sensibly possible to say much and relate it to share price effectively, until the cost of the development is put on one side at production, as debt, and we get say 6/12 months accounts anyway, as a base/yardstick for the future

I’m unsure, by the way what the notion of perhaps a 75% holding in the joint H asset means in terms of control of that asset, as against the existing split.

Ben. Thanks for coming back. I was just following up on the only ‘valuation’ available around those with a monetary interest back then.

What is, or is not, an ‘eye watering’ sum in Mr. Day’s terms, said informally, remains elusive, as one might expect.