Member Info for Dip666

Personally, I'd like to see us back into double figures post ASX listing but not sure due to the way the deal was funded with all the pain upfront for us LTH, will wait to see how the market rates us a producer once we get the keys.

The non dilutive production pathway for Havieron is a great marketing tool for driving in new interest and we'll see exactly what DFS provides in confirming potential production expansion for the future but otherwise it's a known future potential now so will be reflected nearer production not in near-term, and also how much or little GDX and ASX provide as catalysts.

Hi Droverman, Martin - I think we can all agree that there is no way a junior was going to get Hav into production without either a JV partner or a major cornerstone investor or two - no risk free path as such and that was clear to me when I invested as we already had a JV. Otherwise I might have sat back and waited to see Hav proved up a bit more and see how GGP planned to fund further work and potential for a T/O premium if I invested. It was the fact NCM saw the potential in those early results that made me want to jump in.

I fully expected Wyloo to enable a path to sit right under a level they could if required try and buy the company. Why wouldn't you to protect you own investment as a defensive position from Wyloo's perspective. Sure, they might be orchestrating everything to actually takeover but we've been vulnerable enough for them to already do this. So I think this is probably more so defensive than hostile intent for now.

But, I have been thinking about this too as they can also move rapidly to just under 19% and we plan to list on ASX under a Top Co Parent company which will be Oz based. So one question I want to ask Shaun is IF they had any hostile intent, would this be a viable path to do so. You want to understand all the potential scenarios for an investment.

@CP - what reasons do you think precipitated Wyloo's strategy with Mincor? Had the team there perhaps made any mistakes and jeopardised the investment potential for Wyloo? And what steps have Wyloo actioned once they took over to correct anything and help ensure a future ROI on their ownership of Minor. Context is important, if Shaun and co eff up (unlikely) then they for sure will protect their backside including if GGP becomes a takeover target.

Ninny, no hypocrisy mate, I just don't like you!

Save me a Google search and let me know if snakes feel emotion bcos you seem to be crying whenever you talk to me ;-)

You're a nasty peice of work my replilian friend.

GDXJ info, sorry Ace confused me, I blame him ;-))

https://www.vaneck.com/uk/en/investments/junior-gold-miners-etf/overview/

Whoops that was the GDX inclusion criteria btw,, can also get the information about GDXJ on the site.

Deffo not an expert but inclusion criteria below:

Companies eligible for inclusion

Globally-listed

Market capitalization greater than USD 750 million

Average daily volume of at least 50,000 shares

Average daily value traded of at least USD 1 million

https://www.vaneck.com/uk/en/investments/gold-miners-etf/literature/

Until it comes time to buying your round Ace, then it's off to the loo with your 'weak bladder' excuse every single time ;-))

@QF - they're now open to selling winu or JV, the JV option I imagine is really the backup if no willing buyer.

And they could now offload Citadel with greater ease as they've bought out Antipa's stake so someone isn't buying into a JV and our shared projects won't be hard for them to exit given GGP clearly wants to consolidate their position in region.

Perhaps they've changed their minds but seems more unlikely IMO - their plans seem more for an exit than consolidation but strategy can change at any time I suppose.

Absolutely and the storybook for GGP Mark 2 has just started being written, the pathway will develop over the next 6-12 months and extend Telfer life, of that I am confident.

The short term Telfer extension opportunities will be assessed from day 1, so we'll see how these develop in the next 15 months to extend mine life and from mid 2025 they'll start to also focus more on long-term opportunities including regional opportunities to feed that hun and spoke model in future - which happens to coincide with the ASX listing being executed.

A lot of clues to future strategy in there - but early days :-)

Appreciate the kind remark mate , very much inspired by likes of Paddy and Bamps when I first came across GGP in late 2019 to add my own input in gratitude for theirs :-)

Just having gone through the slides with a strong cup of coffee - I have to say very pleased with the rationale presented for the deal despite the structure giving us retail LTH a bit if a kick in the proverbial.

Rationale is amusingly the phrase I was using for business case for transaction earlier this week - myself and Shaun must have read the same text books, but the business case is IMO hugely compelling for investment and that is why Wyloo is here after all.

The job now for the team from our perspective alongside executing aforesaid strategy is marketing the company to drive investor interest and help grow that mCap so that the cake that's been sliced up into more slices increases in overall size - so that each of our slices is worth more i.e Shareholder Value in time. And that is the key for many I guess - how much time?

Once they get the keys - it's GO time, results not words will become the measuring stick so Good Luck Shaun and co. - show us what you're made of now!

Go to slide 13 mate :-)

I'm sure they'll keep things ticking along more than nicely as Hav comes online and NCM and then NEM were no doubt motoring along with planning in case assets retained adn GGP of course will be doing as new owners.

No plan to delist from AIM, so you'll be able to buy/sell as normal on AIM - more info below:

https://www.ggpchat.co.uk/viewtopic.php?t=434

Well time to use our rights to express however we feel all, info. below kindly collated by Liam to assist.

https://www.ggpchat.co.uk/viewforum.php?f=103

Investor Presentation:

https://greatlandgold.com/investors/regulatory-news/transformation-acquisition-of-havieron-and-telfer-investor-presentation/

All the other Market Releases etc:

https://greatlandgold.com/investors/

Also news and others, another potential scenario for consideration with Rio buying Citadel out fully is sell full 100 percent on in their own exit strategy if that is the way they go with Paterson Vs complexity of having a JV partner and selling their stake that way.

Like chess, many different potential moves with each piece defensively or offensively.

Yep I remember you News and seen you around on other boards over the years;-)

He is harmless IMO guys but does post a lot but is a public BB, all I will say is everyone's brain works a bit differently and some more than others.

I tend to live and let live unless someone is being obviously manipulative or disruptive. He isn't posting maliciously IMO :-)

Also want to add, that while I called this the perfect strategy for GGP, of course it's meant we LTH absorb most of the pain and it sucks right now.

A management team's primary objective is the company survival first and not retail shareholders and that's always something I keep in mind. I can't fault their brilliance though, hopefully the company MCap soon reflects the fact that we will become a miner with great growth prospects with Havieron and the other interests in the region.

I posted Antipa RNS too last night, the chessboard moves are starting to speed up now.

Wel mate, as we learnt a project being Brownfield doesn't make it immune to the LC and of course sector and market sentiment turned, Option Exercise, Newmont .... it's been one of the craziest investments I ever owned - and I've had some scorchers for drama mate lol

I'm really feeling for folk with higher averages at mo mate, none of us ever considered we'd be starting the 2nd wave up from here., crazy but upside is now not fixed albeit will mean holding on much longer than many perhaps planned - and we already have for a few years.

Been a crazy crazy journey.

You know I broke the news on that one news - I want a royalty payment mate :-)

Antipa Minerals Ltd (ASX: AZY) (Antipa or the Company) is pleased to announce it has agreed binding terms for the sale of its approximately 32% non-controlling interest in the Citadel Joint Venture Project (Citadel, or the Citadel Project) to joint venture partner Rio Tinto Exploration Pty Ltd (RTX, or Rio Tinto) for consideration of A$17 million cash (the Transaction). Proceeds from the Transaction will significantly bolster Antipa’s cash reserves to approximately A$23 million, enabling further exploration and advancement of its 100%-owned Minyari Dome Gold-Copper Project (Minyari Dome)

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02852152-6A1225188&v=fc9bdb61fe50ea61f8225e24ce041a0e155a9400

I was thinking Rupert Murdoch Jiffy lol

I think pondering more on how they’ve set up the deal, in many ways an absolutely fantastic deal from their perspective as the team have set GGP up quickly for future regional dominance with a very very decent price tag and this is true for us too.

And even better for the company and Wyloo, they also develop a more stable shareholder base by issuing these shares and gaining II dominance vs less stable and unpredictable retail shareholders that you can’t win over and mobilise collectively easily - usually the way as things get more complex as the company grows in both size and assets to manage.

A good way to secure their participation is focusing more of the debt funding on Hav development instead of on the acquisition of both assets - thereby minimising future dilution for development of Havieron to them as part of the sell-in.

LTH are absorbing the pain right now, not really Wyloo or the new entrants inc. the II’s especially and again their future pain of more dilution is minimised (alongside ours) for Havieron development as part of the combined sell-in for all parties. He’ll focus on this a lot with us I imagine at TH etc.

It’s a genius play by GGP to get everything they want in one move, all the assets and interests in a mining company they can easier control with a more stable shareholder base moving forward.

Especially painful for PI’s with higher averages unfortunately of course, but I’m beginning to understand this better now with a bit of time to absorb.

I don’t think it’s screwing us over as such, more so ‘it’s just business’ and from a strategy POV, it’s actually perfect and indicative of how damn smooth this team is.

Ace, I'd have preferred a drink with Kylie rather than Harold, but no judgement mate! I'm sure you had a very enjoyable evening... what happens in Bunbury stays in Bunbury ;-))