Member Info for Culpepper

That’s brilliant. Whatever floats the ‘other group’s’ boat. ‘ Their ‘ board.

Ggp chat.
Some seem to have hived themselves off over there. Fair enough for their own purposes.
But looking at it, then they come here as well.
I guess any revelations will make themselves known.
Last one was when Ncm were going to rig the vote.

And then there’s ASX listing, promotion to institutions ahead of mining, so it’s not time wasting as far as ‘company making’ is concerned. And there’s always, always, the unknown.

Be nice just to get the other side of placing price, and see what happens from there. Get Ggp structures right, new directors, see if Wyloo do any more, study, decision, whatever else might come along. And all the while getting towards the commercial extraction.

That’s Havieron, , as a Ggp asset. Of course, we don’t have much of a clue as to what may be impacting Ggp’s overall free cash flow say 2028.

Yes. And sort of answering my own question, it seems we’re looking without the benefit of new info at free cash flow 3 or 4 years on from going into commercial production - about the same as any divi may be considered. Thanks.

I wouldn’t think too much in terms of early dividend, as mentioned on the thread. They’re going to be carrying debt, whilst at the same time from what has been said will be very much looking for growth by acquisition, othe partnerships, and so on.

I’m in no position to do otherwise than read the various figures posted.
Yet a 60 year timescale is not the best for me.
Lots of research gone into it. I wonder if anyone can say what they dig out pa years 1 - 5 will be worth to Ggp when processed and sold, and what the profit on that might be, very basic minimum thing.
Or are there simply too many variables, not least the price of gold, to hazard a minimum best guess.
Or are we just waiting on what comes with the feasibility study, bearing it’s all ‘gone out the window.’

I wouldn’t expect him to put a bid to shareholders without recommending it though.

I couldn’t resist it Ben is all. Just struck me as sometimes these things do. More whimsical than anything else.

Well, I sort of agree with that, but I think it’s fair to say fundraises, placings, tend to be related to the sp at the time they occur. I haven’t looked at the one to which you refer vis a vis price at time.
And recently it was 8.2p. So pick the bones out of that. Not you personally.
It’s a bit like Mr. Day’s 5mil options having an exercise price of 25p. Right place, wrong time.

Arguably a bit like us then Ben, just at the moment.

Yes

I mean, that’s why I referred to the latest notes, seeming to suggest he thinks the fundamentals should allow it to trade a bit higher.

It’s theoretical, isn’t it. A deferral option. But it’s been raised. And only on this BB. It doesn’t seem at all likely on what we have been told so far.
I don’t know the extent to which a deferral option exists when it is possible to make a decision based on facts save in circumstances where both parties agree.
I take the view that if say Ncm wished to defer a decision when one could reasonably be made, and with which Ggp disagreed, it would be open to Ggp to claim their protection under the terms we know something of in the JV.
At the moment, it’s just been ‘floated’ on here.

Thanks for that Mr. EMC. It was just that I haven’t seen any reports on here on Mr. Day’s opinion on the price. I may have missed it, or his replies didn’t assist despite the many occasions he was asked? Perhaps you can assist with that?
There wasn’t, nor is there, any suggestion from me that any CEO can ‘magically’ raise the share price.

We’re all interested in share prices. As far as I know, Mr. Day has never been pressed on that specifically. And probably may not want to comment. One can but read into his more off the cuff remarks, taken from Dip’s notes, thankyou.

“And look, you know we, we still feel we're a little bit vulnerable to Newcrest. You know it's a pretty brutal stock market out there. You know, typically, you know, we're not really happy that we get the right value for our stock and look, when I think about the ASX, I should probably add, you know, we… right now we feel, you know, maybe on the ASX we trade a little bit higher.

And again, that hopefully encourages some ASX shareholders to say well yeah let's, you know, let's move on and up to the LSE and pick up some of the stock because it compares favourably on fundamentals right now which I think is helpful.”

Though it’s not plain what the Newcrest vulnerability may amount to, it’s easy to see it comes into the thinking when you’re not the sole master of your own destiny in particular decisions. But, you know, I think things are likely to proceed on economic grounds.

In an earlier post it was said that Mr. Day suggested Ncm ‘had a takeover challenge.’ It may have been said somewhere previously? And not arguing the point, because I don’t know - depends how you view ‘vulnerability’ I suppose on this last occasion.

On takeovers, nobody would want to see Newcrest try to pull the rug from under Ggp, on Havieron, in some mysterious way. Personally, I think that’s receding since Wyloo involvement, and should Wyloo make a bid, maybe at some stage, then that with a 40% say premium might normally be welcomed by many shareholders, dependent upon when they bought in. Possibility of a bidding war as it would quickly be touted.

Just a suggestion on all this. Mr.Day is a company man. He has to be. His interest must lie in the best interests of the company entity, access to capital etc., to promote it’s growth, or that of it’s assets.

On that, they’re both, Ncm and Ggp going to be looking down the same hole, up the same tunnel, doesn’t matter, with similar scientific/engineering information, aren’t they? So the economics of digging it out, copper and gold, and then flogging it off is what it’s really about at this time. Profit is the main factor. And they know that well, and how to get the best from it, no matter how much stuff is in there. Nothing else on the business decision really matters.
Now, if there’s a difference of opinion on the feasibility aspect/decision to mine we know that if they can’t work it out between them, there’s provision within the JV. And the banks will have something more to look at, over and above the feasibility study/mining plan they’re waiting on as things stand. And Wyloo/Tatterang or somebody else may be looking over it too.
So it’s being played through, and we’re waiting on them that should know what they’re up to. No doubt they do know what they’re up to.

I should like to see the CVS. Just out of interest you understand.
You do what you like. I do.

I think Ggp/Ncm likely to know more about mining than the rest of us put together. And nobody knows what they don’t know.

https://capital.com/copper-price-forecast