Member Info for Dip666

@AIM99 - The ASX listing may be via a Compliance Listing vs utilising the IPO route.

Excerpt from Proactive Interview regarding Institutional Placing and funding Havieron - 25 Aug 2022:
https://ggpchat.co.uk/viewtopic.php?t=484

* Just a quick word Shaun, you mentioned in the announcement also about a cross listing on the ASX, what are you hoping that will achieve?
- Well I think this equity raise demonstrates that… Tribeca is effectively an Australian fund, well a South East Asian fund but with a lot of focus on Australia but what this demonstrates is the interest Australian funds have and there were a lot of Australian funds that came in
- And they should have an interest, they understand resources very well, they’re familiar with the asset, they know the history of Telfer and they know myself and a lot of the management team here
- So it is a natural fit, it is a great endorsement that these local knowledge, experienced investors want to come in and invest in Greatland
- So I think those are all really positive and what you find is that some of the Australian funds are mandate locked onto the ASX or at least they need to see a pathway onto the ASX, this does that, we want to keep the best of both worlds, we value and treasure what we’ve got in London
- And I think what people should understand is that there’s a couple of ways to do the listings, you know you can do an IPO in Australia and you know raise money or something like that
- Or you can also do a Compliance Listing where you achieve what you need to achieve for those funds in terms of having that ASX platform but they can come and buy on the London market which has the deeper liquidity
- And there’s a great example of that of Kirkland Lake last year where they did a compliance listing onto the ASX and tried to get the best of both worlds, they were TSX listed but they retained their TSX as that was their main board, that’s where their liquidity was but they brought in some ASX listed institutional buying.

@Apple - Did your posts offer great insights when you suggested GGP was awaiting a Maiden MRE vs DFS and talking about your 'golden pee'... perhaps you should drink more liquids and become more hydrated if it's that colour?!
Truth is you haven't got a clue of what's been happening since Havieron was discovered and the resulting work into gaining MRE's and nature of the option exercise so any fundamental related analysis you make is deeply flawed - you haven't doen your homework kid.
TA is fair enough and can be achieved without copious amounts of reading up IF you have actual TA skills - always more effective if you can back up by posting links to your analysis on platforms where people can peruse your chart analysis as some do.....
Truth is you just like talking as if you know what you're talking about vs seeming to have any true skills in any area... your posts are probably getting removed by mods as they broke rules somehow, teh same rules we all have ot abide if posting here.
With the SP where it is, it's being seen as a great opportunity for new traders or investors more than ever hence also attracting people with your kind of 'strategy'.
Irony is that during the stock market bubble in 2020, 8p was being seen as a bargain and now despite the near term DFS due by EOY, a JORC compliant 6.5MoZ AuEq MRE that was quantified by Newcrest's own most recent update, an experienced MD and team trying to close funding witha clear strategy and path and potential to hit the ore body in 2023 if the 'production ready' decline progress continues improving ... this level seems to be questionable to some, it is how AIM works - sentiment overriding value analysis I guess.

@Viking - maybe Beetham was/is shorting GGP?!
Just posting he is thinking of buying doesn't mean a thing, he may already have bought and now ramping as it hasn't been climbing back or just playing mind games?
As we know, the guy says one thing and does another.
I don't have a personal issue with him as I don't put any stock into his ilk as a person or their actions, but when you KNOW you can't implicitly trust someone through their previous actions here and other stocks.....it makes sense to remain vigilant.
If he does buy in any volume requiring declaration then we'll know for sure I suppose.
Truth is - his words mean nothing and rarely correlate to what he is actually doing - he doesn't need to stay invested for the long term, just needs a few percent to clear massive profits with his kind of volume so could just be in for a quick trade.
He played a blinder last time ramping up speculation of a takeover and how we should 'all stick together' while selling his shares, it was hard not to be amused and didn't matter as we still had plenty of upside ahead.

Ha Barnard - was typing quickly as watching MMA on TV and was getting carried away with an exciting fight - I meant Indian of course lol

Well I'm iIdian and been back plenty of times to have a feel of the country, cricket and bollywood stars really are revered like gods over there - brand ambassador for that region and a coup for Dev.
Going to be a very useful marketing tool, you'd have to be an idiot to not sign someone who isn't seen as aspirational and a great role model,he has form as according to his wiki:

In 2014, Rahul Dravid joined the GoSports Foundation, Bangalore as a member of their board of advisors. In collaboration with GoSports Foundation he is mentoring India's future Olympians and Paralympians as part of the Rahul Dravid Athlete Mentorship Programme

* How confident are you that this will go ahead Bill?
- From the start, the iron ore price has been volatile however confident that our high grade product will continue to be in demand at the right sort of prices
- Don’t forget findings from the initial scoping study ad us at about $65USD FOB so the margins are much lower than similar projects and something we’re always aware of and we’re working hard to optimise those operating costs down as well as we can
- We’re aware as is every one of the rising cost of fuel which is one of the main factors on the economics of this type of project however already started having quotes back for formal tenders for haulage, mining, roadworks etc. and they’re highly competitive and not as high as we would have expected in relation to last year’s scoping study
- Confident that the original estimates are going to be very close which means we can still move ahead with the support of someone like Anglo should we get to the final agreement and all parties will come out on top.

* Main reasons for investing in UFO in the future?
- Developments on Han**** are excellent with option to go to 90% ownership with Windfield are excellent and expected soon
- This potential deal with AA to start doing the long dock work
- Still got Brockman and Vivash waiting to be next in line
- The Munni Munni project, more we look at change in current and future global demand for these kinds of minerals we have something significant we really need to get our teeth into and working hard to do
- Great team, Rod’s joining the team as CEO as soon as official paperwork signed off, great asset to existing team with a great crew down in Perth and in the UK.

THE END.

* Your wholly owned subsidiary IOCA (Iron Ore Company of Australia) has entered into a mandate letter providing exclusive rights to negotiate project funding and off-take arrangements with Anglo American, big company there so take us through the details?
- Lot to take in but the key is we’ve been talking, to be frank we’ve been approached since the Han**** maiden resource was announced with excellent DSO grades with low deleterious levels advantageous for processing
- Project got the attention of the larger companies who are always looking to add good quality feed to their portfolios
- Been a few months in discussion but really encouraged by the AA team, they believe in the project, asset and the team as always said the team of people is important
- Signed this mandate letter now that we now get into what Lloyd in Perth calls the ‘long dock’ process whereby they’ll dig deeper into a Due Diligence (DD) of technical, financial, licensing and permitting aspects that are related to the project today and where we’re at the next couple of months and where we aim to get too
- Key is a financial model which we’re pretty close to completing already and they’re keen, like to think they see the value in the project and the longevity so they’ve come to the table with this sort of outline mandate and proposal
- Whereby an initial $10m USD dollars is injected to getting close to the majority of the CAPEX needed to get the first shovel load out of the ground and option for a further $5m USD once production started to use for initial shipping costs or other operating costs for the first 2-3 months until we start generating revenue
- The off-take agreement is only for an initial period but with an option to renew or look at other options
- Like to think it is the start of a longer term relationship as we develop other projects as with Brockman hopefully starting drilling in next couple of months to start showing there is potential there, also have Vivash Gorge we need to start doing some work on.

* So, saying this exclusivity period starts immediately and will conclude the earlier of 60 calendar days after providing all supporting documents or such later date that the parties agree upon?
- That’s correct, essentially mandate letter signed last night (30th August) so the green button has been pressed and got a meeting with the AA team later in the week
- They’ve already had vision of certain technical data and not going to go into this blind, constantly adding information, data , licensing information and permitting updates
- feel deal will also add kudos to the project in terms of other possible stakeholders and parties involved seeing that there is a very large company supporting the project and it’s an economically viable project to take into production and will hopefully add momentum to the various pieces of other work being done to achieve first production .

CONTD...

Notes from Vox interview re. Han**** Anglo American agreement for potential funding - 31 Aug 2022

Download Link:
https://www.mediafire.com/file/9ipa16yd3poo15j/Notes_from_Vox_interview_re.Han****_Anglo_American_agreement_for_potential_funding_-_31_Aug_2022.pdf/file
Interview:
https://audioboom.com/posts/8149280-bill-brodie-good-of-alien-metals-agreement-with-anglo-american-for-up-to-s-15m-project-funding

* Good news here, signed agreement with Anglo American (AA) to provide about $15m in project funding and 100% off-take so we’ll get into that but quick general overview of UFO?
- AIM listed junior explorer, picks up early-stage projects which team and expertise can develop in prime and secure jurisdictions
- Key 2 areas are:
- The iron projects in W.Aus in Pilbara (Han****, Brockman & Vivash Gorge)
- Also in the same region the Munni Munni (MM) PGM and Elisabeth Hill (EH) Silver Mine which is historically the highest grade underground silver mine of its time
- Mexican projects still in portfolio but looking at divesting in some shape or form to focus on two main projects.

CONTD...

LOL Freddie - good on you, I think you pick up a lot more reading notes which is why I use them but of course all subjective as opinions might differ on what two individuals read/watch.

He did briefly thank the new team for their hard work in there Freddie but seemed to want to ensure the old gang got a callout for getting GGP to where it is, mind you, his name will always be synonymous with Havieron so no worries for him on that regard!
Of course - it's hard to think of you missing anything of course :-))

Notes from GGPHelp Interview with Liam - The Story of Callum Baxter - 31 Aug 2022
https://ggpchat.co.uk/viewtopic.php?t=491

30 years of experience Apple?
You were suggesting GGP was awaiting a maiden MRE in place of the DFS last night - you obviously haven't learnt how to research companies in 30 years, absolutely pathetic lack of attention to detail and tells me all I need to know.
Just doing something for 30 years doesn't make you an expert sunshine, a track record of success and continued learning and of course.... talent.
An apple a day hasn't been of much benefit to you has it lol

Hot off the press, Liam's managed to bag an interview with Callum :-)

THE CALLUM BAXTER STORY
https://www.youtube.com/watch?v=zZ3OMI9kvtc

Ha, so you were, sry mate :-)

@FreeBuffett
https://en.wikipedia.org/wiki/FRELIMO

And from GGP Perspective, Shaun briefly touched upon inflationary pressures at Diggers and Dealers, you can download a PDF with notes and slides here:
https://www.ggpchat.co.uk/viewtopic.php?t=444

SLIDE - Havieron Project Development :-
And I talked about those ounces per vertical meter and what does that deliver, a lowest quartile cost, some 643 dollars an ounce and where does that put us on the global cost curve - second lowest cost gold company on the planet and given Polyus is Russian and a bit busy in Ukraine right now I think that makes us the lowest investable gold company on the planet.

SLIDE: Havieron Lowest Quartile Cost Producer:-
I won't talk at this to length about the inflation but I think what I do want to convey with this slide is we're relatively insulated, we're leveraging existing infrastructure, we have 225 people at situ at Havieron, another 1200 next door at Telfer who are used to the flights, like the food.

And of course, all of this data is being presented in conjunction with Newcrest - credible conservative, a very capable organisation with meaningful contingencies*** and I think that should give you confidence around the data we present.

*** Some of those contingencies were discussed in NCM's Annual Results presentation by Sandeep and Sherry, up to everyone to individually assess Newcrest's capabilities, contingencies and plans for the next few years to enable productivity and growth. Personally I think it extremely likely the DFS will result in a DTM but as always - DYOR.

In that context, I'm pleased to present our guidance for FY '23. As highlighted on this slide, Newcrest is expecting to produce well over 2 million ounces of gold, reflecting a full year of production from Brucejack and another solid year from our other operating sites. I should highlight that Fruta del Norte had a fantastic year, and this is expected to continue for the year to come.

Pleasingly, copper production is expected to increase in FY '23, which is largely driven by higher throughput at Cadia. We anticipate continuing our low-cost production in FY '23 despite a slight increase in dollar million all-in sustaining costs compared to last year, driven by inflation, the addition of Brucejack for 12 months, and additional mining and milling volumes at Cadia, Lihir and Red Chris. We expect this to be offset by a weaker Australian and Canadian dollar in FY '23, easing pressure on cost in U.S. dollars. I'll now pass it back to Sandeep.

Presenter Speech - Sandeep Biswas (Executives):
Thanks, Sherry. So, in conclusion, our strategy is on track, and we are investing in our future. We have an outstanding organic growth portfolio capable of producing more than 2 million ounces of gold for many years to come. Our long-life production profile is expected to be delivered at a competitive all-in sustaining cost, which means strong profits and margins even at lower gold prices.

We have a substantial and increasing exposure to copper, and we continue to maintain our long reserve life advantage compared to our peers. We remain relentlessly focused on safety, building an empowered and inclusive culture and developing our sustainability credentials across our business. Our priorities for FY '23 are very clear, and we're very well placed for a bright future.

So, thank you so much for listening. And with that, Sherry and I are very happy to take any questions you might have.

***Plenty more information in Q&A about Newcrest's plans in regards to continuing with their growth projects and how they have been and plan to combat inflationary pressures , just like any other large mining corporation they've been through these kind of periods before and know how to deal with them, having them as a partner has it's benefits too.

Newcrest continues to monitor the impact of the cost inflation globally. A few examples of these cost pressures include higher oil, natural gas and electricity prices influenced by the Ukraine/Russia war and rising demand, higher wages driven by a tight labor market additional costs across a range of consumables influenced by geopolitical instability and rising equipment costs, largely driven by supply chain constraints. In FY '23, we estimate inflationary pressures will increase our cost base by around 6% to 8%, though the short-term outlook for cost forecast remains unpredictable. We also expect continued pressure on our capital costs given competition for labour from infrastructure projects and higher steel prices.

Through Newcrest EDGE program, we aim to drive a culture of innovation high performance and continuous improvement. And this has been instrumental in us identifying inflationary impacts across our business, managing exposures through various protection mechanisms and ensuring appropriate mitigation strategies have been implemented.

We have a number of protections already in place to reduce our exposure to this volatility. For example, we extended our long-term fixed price electricity contract at Cadia until the end of FY '24. And oil hedging contracts are in place at Lihir for the current financial year. We are also managing market volatility in steel, energy and ammonia through pricing formula structures, meaning we are less exposed to certain price fluctuations.

It's important to note that our FY '23 cost guidance incorporates our expectations on inflationary measures -- or pressures as well as our protections and actions to manage through this environment. We've identified an array of levers to address and mitigate the inflationary pressures we are seeing in the market for both our operating and capital costs. These levers range from more traditional approaches such as supplier shifting and contract negotiations through to detailed demand management and inventory management. Other levers like the use of digital enablers to increase efficiencies are also in place.

We've highlighted some recent examples of successes in this slide. And I note that the market is forecasting some key costs such as fuel, power, shipping and steel to reduce in FY '24 and beyond. We remain seriously focused on minimizing the cost pressures right across our global portfolio of assets and projects.

CONTD...

Newcrest were focused on inflation and how they are dealing with it in their presentation Oxygen:

Notes from NCM Annual Results: https://www.ggpchat.co.uk/viewtopic.php?t=467

Presenter Speech - Sherry Duhe (Executives):
Thanks, Sandeep, and good morning, everyone. I'm very pleased to present to you for the first time, and it's such an exciting stage for Newcrest. In FY '22, we delivered an underlying profit of $872 million at a healthy all-in sustaining cost margin of $732 per ounce or 41%. Our solid performance was in line with our expectations following the planned replacement and upgrade of the Cadia SAG mill motor and lower production at Lihir. The result is notable in the face of a number of other external challenges across our business, including the ongoing impacts related to COVID-19, supply chain issues and significant rainfall at Cadia.

Despite the headwinds, we remain in excellent financial shape to progress our exciting growth agenda. In FY '22, we invested almost $900 million across a range of major capital projects and exploration activities. We were particularly pleased to see our operating costs trending lower in the second half of the year. And Cadia achieved its lowest ever annual all-in sustaining cost of negative $124 per ounce. Our balance sheet remains strong with significant liquidity, which I'll touch on in the following slides.

Newcrest continues to maintain its very strong balance sheet and long-dated debt maturity profile. Our balance sheet strength enables us to be resilient through market volatility and provides a foundation for growth. We retain considerable capacity to execute our pipeline of organic growth projects at Cadia, Red Chris, Havieron and Lihir with access to $2.4 billion in liquidity.

Our next corporate bond repayment is not due until 2030, and we have a low weighted average bond coupon rate of only 4.3%. We will continue to maintain a strong balance sheet through the cycle. And pleasingly, we are not reliant on high gold prices to fund our future growth.

As you can see, we remain comfortably within all of our key financial policy targets. Our leverage ratio of 0.6x remains well below our target of being less than 2x EBITDA, and our gearing of 10.2% is well below our target of being less than 25%. We also continue to retain our investment-grade credit rating, which gives us good access to all capital markets if and when needed.

CONTD..,

@Gold4u - you signed off a post as Joe Bass in a post you made on the AMC board in your posting history?
I assume the same Joe Bass (I recall he was invested in AMC) who was posting here until the maiden Scallywag results came out heavily ramping what should be expected from the initial assays due to his 'lab contacts' and then promptly disappeared after the results rather than face the music.
If your are indeed he of the 'can't see the woods for the trees' fame then surely you are the last person who should be criticising anyone else's posts as ramping :-)
I don't have an issue personally as I didn't put any weight into your posts as zero proof you had any contacts, but plenty did unfortunately.