Member Info for Culpepper

Well, Mr. Day has a choice to recommend it to shareholders or not. If he doesn’t, the suitors would have to turn hostile, and act accordingly.
No point in all the ifs and buts but you can finish up with
In the context of a UK takeover offer, where a bidder obtains acceptances of at least 90% of the shares it is offering to buy in the target company (which is not the same as 90% of the total issued share capital) and acceptances of at least 90% of the voting rights carried by the shares it is offering to buy, it can require the remaining non-accepting shareholders to sell their shares on the terms of the offer by following the procedures in sections 974 to 991 of the Companies Act 2006.
The ball would be in his court, and finally down to shareholders.

A little interesting when thinking of quality of installations, maybe.
https://www.theretailbulletin.com/home-and-diy/a-great-opportunity-says-wickes-apprentice-nathan-10-02-2023/

For my little part in proceedings(none in reality), I just accept having regard to appointees and so on, that the project will proceed under existing or enhanced arrangements, with Ggp taking advantage of other opportunities should they arise.

Going off like steam engines.
We got 30% of a JV protected in whatever measure, watertight one imagines, by a JVA with Newcrest, and Telfer plant in the mix. Without that JVA, we would have to hope for somebody else to take it on, or come up with the cash either ourselves, or very probably from somebody else. You know what I mean, at a basic level. That 70/30 I can only guess, will continue with Newcrest or a buyer. We have no reason to think otherwise.
And Telfer is key.
Anything else is a bonus.

Sort of

Or it’s reasonable to assume sport of simply access route is just another part of the JVA, jointly funded, so little particular consequence overall. Telfer plant remaining the issue.

Quite rightly said. But I would add, from a pi standpoint, it’s a long time since Ggp was say 30 or 40% higher. So those sitting on hands may be outnumbered.
But there’s no offer about yet.

Well done on that one TBF. Another little quirk.
New to me. Do you have a reference to it ready to post?
Thanks.

Well, you ain’t going to get even half a clue from canvassing in this goldfish bowl anyway, on who holds what, let alone the outcome of a vote. It’s not until somethings under offer that some have to front up on their dealings. As you know.

Decisions will be made and executed by insiders within the ‘circle of steel’. Don’t waste your time on that one.

I read the posts, and give little credence to the names. You all know how these things can go.

I continue to believe Telfer is actually the key, rather than what most are on about.

Actually, there still could be I suppose. NCM hold the cards.

Pretty obvious I suppose, or there’d be an auction. I know as little as the rest of you, but I expect FMV comes into it.

Nobody knows nothing, it seems. How big the mine has got to, what’s actually in the JVA, who’s to be blamed nowadays for a low sp.
But we don’t like John Cornford, who may be a troll on advfn.
(But Ggp do have 30% and a new board - they told us that, and some have held shares longer than others)

I like the sound of circle of steel - and we know who’s within, as you no doubt recognise in your post.
All options open, as they say.

TT I wasn’t responding to any past suggestion, just looking at things from the 100% perspective, clearly a favourite with this board, so it’s not really the point.
Nothing is meant to be confrontational. To be clear, I am not particularly fussed about any outcome - there is money to be made from here. And that is what buyers today will be thinking.

The question for me, if not for you, on the 100% is whose money. And what do they want for it.

And any lender would want substantial assurance around the 100% thing. I have a little difficulty in seeing Ggp being able to provide that on it’s own.

There are alternatives around how this plays out. Our focus at the moment on here is basically around Havieron and the JV. That agreement can be ripped up and a new thing started again, whatever the desired outcome is by further agreement.
Then you turn to the more extreme of the aspirations on here. Sort of buy the lot.
Well, who’s going to put the cash up for that? Look at it from your own perspective. Would you under these or indeed other circumstances take all the risk by handing that over to buy assets, giving rise to a bigger business, controlled by somebody else, with pi’s having a bit of a say? Or would you say, my money, my risk, my control. And my ROI.
It’s a business. Seems like business sense to me.
The 100% of everything is the big option. But there will be, if opportunity arises, one presumes, less extreme alternatives for Greatland Gold. And that’s whether the NCM proposed deal comes to fruition or not, but possibly arising from talks surrounding it.
Just interesting talk on here.But us lot can’t forecast much, except to say Ggp is now better staffed up to proceed the project through feasibility study and DTM into full production, no matter what happens next.