RE: NCM Buyout6 Dec 2021 12:29
It was a question put to him during the PFS release InvestorMeet Q&A webinar, excerpt from the transcript I created below :-)
*Thank you Shaun, I’m turning to Mark P's question - the presentation makes Greatland Gold look very attractive - what are the chances of a takeover and would one be welcome?
Well it was intended to you know to be attractive so that's good, but the look, I think when I think about, uh our share price and Havieron itself - the you know, the challenge for me and for the Greatland team is that our narrative to the market is understood, well received and that we're able to grow Greatland as Newcrest grows, you know Newcrest as - all right sorry, as Havieron grows - every day you know there's nine rigs spinning on this site - adding information you know giving us better understanding of the ore body, unlocking value giving us you know a better insight.
As to the future, so you know the challenge for us is to continue to grow Greatland, because if we're unsuccessful in that - at some stage the hammer will fall and someone's going to take this asset off our hands- you know you don't find world-class assets in world-class jurisdictions being developed on a low capex, low-risk profile often.
This is a precious jewel which we're fortunate enough to own and develop so I think, our risk of our share price risk is asymmetrical - if we're that - if we're unsuccessful at delivering that narrative to the market our bear case is that takeover comes and we get the 35-50-70% premium and we're taken out.
Yeah I like to think the bull case is you know at least a theoretically unlimited upside in the share price as we fully unlock Havieron and look to leverage that platform for further financially disciplined growth - so that's the way I look at it you know, we are immature, we have a massive growth profile and every company in the sector wants a growth profile and that's all Greatland is right now.