Member Info for Dip666

TBF CP - should have typed for some TBF so a good point - for once lol

This is a great entry for new investors as can be seen by current price action and plenty of LTH at lower levels can easily absorb this - but there are other LTH upset currently, so sharing a good method to visualise.

Some are concerned by the new shares coming on market and not understanding perhaps that they were issued to acquire something tangible and real.

Just posted in TG in response to a post about the extra numbers of shares being issued - as in what are we getting from the deal?

5bn shares in issue for when we owned 30% of Havieron with a then unconfirmed pathway to production as Hav was being divested as was Telfer.

13bn shares in issue so the cake has been sliced up into more slices but instead of a plain cake it's now been supplemented with new layers and toppings such as:

- sole ownership of Hav and Telfer

- instant producer at Telfer with seemingly promising options to extend mine life

- all the other interests in Paterson that came with the deal

- pathway to non dilutive production at Havieron i.e no pain as just experienced

- and whilst the sequencing of Havieron has been put back this will allow more optimised production from commercial production to aid investor interest whilst Telfer keeps the mill going

So you have a far more appealing cake to take to the market to sell, which in time should increase in size as MCap does - so that each of the slices we do own is worth more in future.

A HUGE amount of the risk has just been removed out of investing in GGP with clear pathway to revenue instantly and through non dilutive funding of Havieron providing multi decade revenue alongside a wealth of opportunities to become the major presence in the region.

No doubt the tie-in with Wyloo and ASX presence is going to lead to others. It is a lot of pain currently but NSR managed to add 5bn to their market cap in 5 to 6 years so this is a team that can also make those kind of achievements IMO.

That's pretty rubbish mate... I suspect the same though given some have had theirs confirmed it seems from other platforms but good luck.

All kinds of craziness perhaps when the shares hit the market so you might still get a good opportunity to average down.

Ah just seen a follow post on TG where they've been told that as an existing shareholder they will be receiving 72.3% of their request but you had to be holding your existing shares with AJ Bell.

Probs best to clarify directly too, seems odd as some seem to have heard from other platforms.

Someone on TG been emailed on chasing up that AJBell are reaching out to GGP to confirm when allocations will be known before 30th, and that for now they are ring fencing his cash for the order until confirmation received.

Also confirms that allocation preference is being given to existing shareholders in email reply.

Quite the question mate ;-)

Quite the question mate ;-)

The deal is done as such and the rationale makes sense so more so pinning down more on the sequencing of Havieron, extensions at Telfer and overall corporate strategy around the portfolio in entirety and broader plans.

I actually agree 9, no one should follow me or anyone else where sharing opinions but DYOR, But some of what we also share is research such as researching valuation methods and breaking down for others to help better understand things in general.

This is an online community to collaborate and debate after all, you seem intent on attacking anyone who has earned some trust and respect in here, speaks volumes about you.

From what I understand from email correspondence from Shaun this morning after asking for confirmation about a town hall, he is trying to organise a town hall next week, so should give an opportunity for us to ask questions if so in webinar or in person.

NSR managed to improve MCap by 5bn in 5-6 years so with the right team and right assets to start from anything is possible - GGP has these - so the potential is there and we might see tailwinds propel us there faster.

We just had 30% of Havieron before the deal - now substantially more so no reason the right team can't bring the results. 2020 though was discovery hype, market bubble and sector tailwinds galore, GDXJ correction etc.. - so that kind of pace might be hard to replicate in terms of multi-bagging being more grounded.

The next 12-18 months will show what this team is capable of and give an indication on the future potential to reach NSR type achievements. M&A will be a mainstay in the sector too for a while I imagine, so many unexpected twists and turns no doubt and more opportunities outside the known ones in the Paterson.

The UK Motley Fool site is full of idiotic articles and writers for the most part, great for a laugh but not much more whether the articles are positive or negative :-))

Thank ace and of course you may ask, I may not grant though :-))

Admission doc shows the GGP company registered in UK sits over the planned Oz Top Co so something to be clarified in future I guess when prospectus published and listing confirmed.

The reference to becoming 'ASX owned', could be due to the plan to cross list and then sit under an Oz based parent company so in terms of marketing, an Oz asset now becomes owned by an Oz company again which might engender nationalist pride as such in some Oz investors perhaps?

Right now it looks like formerly owned Oz assets or majority owned with Hav, were sold to Newmont and then to a London based company in GGP. Perhaps Crocodile Dundee Ace can help out with that theory ;-)

Also, I posted the NSR MCap history and made reference to ATH as obviously a criteria as such with some LTH to help assess growth rate of NSR previously which oft gets quoted as the playbook. This can help set more grounded expectations but shows that rapid growth with the right team and the right strategy is possible but different assets, different macro drivers etc. do mean that an exact parallel is always hard to predict.

Old ATH is about £5bn in today's scenario, if this team can deliver at similar pace at NSR then mid to long term outlook from what MCap is likely after deal closed is of about 5-6 years on a similar growth pace .

Of course there is no guarantee they will and if they exceed this, that truly would be remarkable.

https://companiesmarketcap.com/gbp/northern-star/marketcap/

Https://audioboom.com/posts/8570918-sunday-roast-featuring-shaun-day-md-of-greatland-gold-oliver-friesen-ceo-executive-director

Yep - less risky mate - sorry a late evening yesterday and also catching up watching last nights UFC event so quickly typed out!

Hav has been put back but we still become a producer when we get the keys and it appears that there is still plenty of opportunity for some more life from Telfer perhaps in meantime too as it does come online. We'll see how being cross listed on ASX assists share price stability with the mandated purchases and GDX inclusion too, once all criteria met as potential near term catalysts on top of becoming a producer from day 1.

Also, as much as the placing strategy has been planned to get insto's in and end the age of retail majority the advantage in the deal structure is also what should be a non-dilutive path to get Havieron into production, so minimised pain in that regard. The business proposal is very enticing now for longer term minded insto's and investors so hopefully helps too.

GGP's leadership team (this isn't just Shaun's strategy) have played a blinder from the company perspective, we'll become passengers now to the big boys so make no mistakes about that - but this was always going to happen. This is now a longer term return I feel BUT a less risk free one from LTH perspective - always some push and pull when adjusting risk, a safer path usually means more assured ROI but more moderate timeframe.

A more debt funded deal for Telfer would still have created a lot of future pain in developing Havieron where dilution required perhaps, we'll never know now. They've gone for a more assured outcome - which included lessening retail instability. The scenario is there with the right tailwinds for a quicker climb in MCap however than we might fear.

The deal is going to be voted through and then from that point onwards this will be a company run by the big boys. We just need to accept this and see how things pan out in the first 12 months if we choose to stay invested - to better assess how the team can drive this journey towards becoming a major mining company and thereby bring LTH optimal returns in time.

If GGP manage to provide a non dilutive pathway to production at Havieron as earmarked as part of the business proposal for investors - this will have proved to be the right approach - right now it stings a lot with the approach taken.

But it makes the company ultra investable as a very sure bet - we will see if the market reacts as thus.

@BFD - look at NSR and then you understand what GGP need to achieve in terms of revenue and portfolio growth - they have the team, the starting point with Telfer/Hav , regional presence and opportunities and the backing from Wyloo and HSBC, ING and ANZ.

Very achievable IMO - in time - this won't be overnight.

I won't disagree SB that the dilution feels like a a right kick in the teeth and makes the last 4 years seem pointless right now for some. In terms of future SP - share prices rarely settle on perceived fundamental value so we will be vastly over or under valued in future I imagine - just like every other listed company in the world at any time.

They managed to negotiate a very decent price and terms in most areas and the fact that Havieron should be developed with a great deal of risk removed of being further diluted is fantastic for existing and new shareholders - and a great marketing tool for enticing new investment. This will be the sugar to help the medicine go down - but it's mid to long term benefits.

The team obviously wanted to increase insto representation and entice them as much as possible so that to me explains the placing strategy - it wasn't in any way looking after PI's besides the fact that existing shareholders were favoured in the retail raise. Impressive strategy - but not so much for retail holders and I have no issue acknowledging this.

I see the benefits to the business long term and hopefully despite the painful dilution the deal is technically accretive and the fact that Havieron should be brought into production in a non-dilutive manner will bring some measure of return in time. The best mindset is to treat GGP Mark 2 as a new investment almost - again I feel for those on higher averages but the upside despite number of extra shares issued isn't limited to old ATH over the long-term.

Because GGP will now become a mining company with excellent mid to long term world class competitive advantages from Havieron and in time other regional discoveries that can be processed at Telfer whether GGP own a stake in them or not. With the correct team (world class already), correct assets (world class already) the potential is far more than a 10 bagger as such from here - but it will take time. Is that timeframe going to suit all - probably not.

The rationale for the deal and the Go Forward plan are certainly very investable - we'll see what the team can do once they have the keys. It's certainly time for Shaun and co. to deliver but the thing I feel can not be argued with is - this is a world class leading team with the ability to build a world class leading mining company and they won't exactly be starting from the bottom of the pack in the race.

Hi MH - these guys serve a purpose with their FUD at times :-)

As an example, Leabugue-addick has just DM'ed me on TG incidentally, as been in touch with Shaun asking about how the ground lies for an ASX Cross listing given that Newmont will own 20.4% of the new entity if the the deal is voted through. The question being that might they then have to make an offer for the new entity given ASX regs placing a need to apply for exceptions for holding >20% of the shares in a listed company there.

Shaun's reply around the ASX implications was as below:

In terms of the ASX 20% rule and any potential Greatland cross-listing, this would have pre-approval on ASX so would not have any offer implications. This is commonplace with respect to a new listing, but will still need ASX approval.

Thanks to L-A for sharing as was also raised in TG yesterday.

Do the likes of you and 9 ever answer anything put to you CP :-)

It's all allusions and prompting scenarios of doom and gloom or bringing up past events without any analytical breakdown of what the actual correlation is to GGP shareholders.

As I say Mark - just some DD as a shareholder to understand all the potential pros and cons of ASX listing under an Oz Top Co and was replying to others concerns :-)

You also make a good point about conflict of interest for many reasons including shared history of BOD. I see them for now taking a defensive position and hey, if we did ever become a takeover target they'd be outbidding to protect hteir own interests. Being listed provides access to funds in certain ways - so I feel it's all part of the plan for them to be aligned for the present future.

I can't see this pedigree of management making errors, running GGP is hardly going to stretch their abilities in truth for now. It was always a JV with someone or a Wyloo type partner if GGP were going to succeed - we can't have it both ways :-))