Member Info for Culpepper

When a company issues equity it does so for a purpose, and the buyers hand over that substantial cash direct to the company in the belief that it will be used to enable the company to progress, bringing about an increase in the price of shares received in exchange for cash. It can be said those investors are ‘owed’ a return on their investment. Last price discovery was 8.2p, wasn’t it, on data etc. at that time.
When Pi’s buy shares, the company doesn’t receive any cash to put to the purpose for which they were originally issued, gets nothing out of the trades.
PI’s are speculating on open market prices, totally outside any ‘inferred promise’ that the company made on the original issuance of new shares, now going second etc. hand.

I can see no reason to assume secrecy or some form of particular deviance around any part of what may or may not be happening. It is about fair valuation, negotiation, between experienced business people and their advisors, and nobody will be ‘fooled’ one way or another.

Maybe he was ‘beamed over’ somewhere. Sort of like one of them there hologram things.

Dip. All they got to do is say no. Just like NCM. And negotiate. And then any bidder will have to jump through voting hoops.

They’ll have a new board and restructure Ben. Doesn’t advance the Ggp discussion if it goes ahead, and maybe even if it doesn’t. New or amended set of priorities (driven by Newmont I suppose, as it’s them looking for change ) from the joint set of assets and cash, getting rid of what no longer suits and buying what does.

But value all the way around should be established IF anything is about to come of anything at all in this lot.

Very hard to see anything terminal here, isn’t it, so I think it’ll turn out OK. These are only discussions - I’d rather we were having them at a a higher price, myself, on balance.

I used to consider it a good day going to work when nothing happened to disrupt current planning.

Well, you know, all those involved, or potentially involved, will always be looking to advance their own ends, and none of their boards are inexperienced idiots.

It’s the big business thinking, corporate stuff that gets in the way of our pi thinking. I think.
Everyone seemed quite happy as things were, and may remain. Ggp plodding along behind Newcrest, all advancing development, and Ncm aiming to get more use out of Telfer alongside Ggp, and doing what they could to extend Telfer mine life until Hav came into production, and some thereafter. All very viable.
I don’t necessarily see H as being non-core to anyone, if it’s what it’s been cracked up to be.
I suppose, though wouldn’t argue it, that it’s the prospects of decommissioning Telfer mine and production facilities that may weigh in the balance for a new owner, pending seeing new mines coming into production in the area.
So the answer from me is, there’s no single answer I can get behind. But I do have in my mind that Ggp is a relatively small player with few resources compared with the likes of NCM, Newmont, Wyloo, and anybody else likely to have a hand in anything that ‘might’ happen.
And these big ones always looking I read for juniors to use.
I don’t know, but signs are Ncm not in a hurry to do anything on the unsolicited bid, but it appears to me they are of a mind to sell at a price they feel will go through. H is just an asset like the others in the process.

I was referring to this Share Talk one, giving some alternative potential scenarios. Thanks Leddo.
https://www.share-talk.com/greatland-gold-plc-aimggp-share-price-off-to-the-races/

As you say, it’s easily researched. The timing of any acquisition is highly important too. At the moment Ggp is fully funded in respect of development costs on its 30% on the old data, and well funded in respect of what is anticipated on new data.Any increase in Hav holdings cannot possibly be accretive in earnings terms until production. Strategy changes according to potential and circumstances, but the original was to use earnings from the 30% to facilitate growth, (with the possibility of an immediately accretive acquisition perhaps taking place on opportunity )
Dip. In our most recent exchange when we agreed any bid for Ggp by Newmont would be an add-on to the possible NCM/Newmont affair, I had forgotten the other press mentioned possibility of NCM buying the lot to make a saleable package with Telfer.

It nevertheless reflects perceived need and optimistic outcomes, not least by appointees, and maybe on as yet unpublished data/arrangements.

Somebody got to do that, whatever the outcome, whoever owns whatever. Ggp presumably, in my opinion only, has taken steps in preparation for that eventuality.

It puts Ggp in a better position to actively take on the development role, at Havieron initially.

Greatland adds to leadership team with key appointments focused on growth and project development.”
“Jeremy and Simon bring a wealth of experience in strategic and operational roles that will benefit Greatland as we continue to evolve from an explorer/developer to producer. Our ability to appoint such high calibre people demonstrates the progress we have made at Greatland and confidence in our world class Havieron project. We are extremely proud of the multi-disciplinary team that we have built at Greatland over the last 18 months and are delighted to round out our leadership with these new hires."

Of course Dip. Wouldn’t make sense else, but we don’t know what thoughts/conversations may be.
Bamps won’t read this, he says. But he posted as re-runs what he must now be referring to as Mr. Baxter’s gibberish, so I don’t know how he comes by his views.

You cannot have your cake and eat it.

Going back to earlier conversations, Newmont might see the purchase of 30% H as accretive in regard to any deal they might strike with Ncm including Telfer.

His views and win/win are in corporate terms, to advance the project and those running it. It might suit some, but not all shareholders, subject to buyout price.

“So, Newmont's just trying to get in front of that and I think it's great. Now if Newmont, Newmont, hang on, want to hang onto Telfer and the Paterson assets. That's fantastic. And potentially that want to buy Greatland’s or Greatland’s portion of Havieron in that process. So that's a win for Greatland.”