Member Info for Dip666

Https://www.youtube.com/watch?v=wmWuiJe7wYo

Liam and Stu going live soon:

https://www.youtube.com/@GGPHelp/

NPS Matty and UIM I get you mate as you never know what lies in the years ahead but can't see it as a risk right now either - never hurts to be plan ahead for all eventualities though if Freetrade doesn't facilitate ASX trading :-)

The wording from RNS* is below so perhaps a good topic for discussion.

I was talking more from a recent experience where an AIM company delisted and relisted as a new entity after an RTO of a company listed on TSX. The shares were retained in my ISA and SIPP under the new ticker.

Any delisting and then relisting solely on an exchange not supported by legislation or the platform hosting the SIPPS and ISA's on each platform would be where an issue might occur but not relevant for GGP as intention is to remain on AIM IMO.

I also had a company go private listed, so shares were moved out of my II ISA into my trading account but retained in my iWeb SIPP, not relevant for GGP again but an example.

*Temporary suspension of trading

In light of this leak, dealings in the Company's ordinary shares will be temporarily suspended from trading on AIM under AIM Rule 40, with immediate effect until such time as the admission document in relation to the possible acquisition and fundraising have been published in compliance with AIM Rule 14.

Hi Matty - no issue as expecting the new enlarged entity to relist on AIM so SIPP and ISA holdings will stay unaffected in my experience with other stocks in past.

He could pick up some nappies for CP and Nine at a discount if they had sponsored GGP lol

I always thought we'd see an equity raise as part of the funding deal Freddie, think some misconstrued 'scalable debt' comment by Shaun as perhaps there wouldn't be any raise or other instruments used to help procure the assets. Much as I debated that Q2 was too soon for a deal and that repairs being completed might be conditional for a deal.

But could easily have been wrong on all accounts of course too, it's hard to predict with the lack of detail we have as shareholders. Which is why as I'm not sure at what price and how much funds will be raised as at the moment $500m AUD is from a speculative press article.

Perhaps some might get a chance to pick up more shares cheaper and if so no doubt looking for a significant rise in future, upfront cash and deferred payments also mentioned in RNS but we still need to know the actual details to analyse the numbers and taht is when you can make better short and long term projections for share price IMO.

You're going all in with the predictions Mystic Freddo - keep it up as not much to do while we wait lol

Perhaps you'll be joining CP and Nine with new TR-1 announcements on relisting announcing them as large shareholders :-)

Nteresting that the Money of Mine guys were debating feasibility of trucking Winu ore to Telfer but then opined that perhaps a potential partnership with Mineral Mining Services might make it much more feasible vs the massive amount of money, time and complexites around permitting etc. involved in building your own facilities.

https://www.mineralminingservices.com.au/what-we-do/heavy-haulage-transport/

Hi Barna, as SaS says hopefully folk remember EmptyBoots and Stu H who shared his intel with me were spot on as dot has been on TG too.

And yes I think it was around then mate, you'd have to recheck the thread on GGPChat though :-)

LOL Freddo, you started the day off as Mystic Freddo and now a villain again - time for a beer perhaps ;-))

1 - Subject to customary completion adjustments

2 - The profile of deferred payments may change based on adjustments to be calculated at the time of completion

3 - Contingent payments paid from 35% revenue share, capped at a total of US$900m over three years post completion. Subject to average realised prices achieved by the Assets exceeding respective thresholds of US$159/t in the 12 month period 12 months post completion, US$134/t in the 12 month period 24 months post-completion and US$134/t in the 12 month period 36 months post completion. Annual payments are capped at maximum of US$350m

4 - Based on spot pricing (at 17 October) and Whitehaven management estimates, FY2024 pro-forma EPS accretion is ~160%

5 - Based on Whitehaven management estimates; spot pricing as at 17 October 2023

6 - Managed ROM production based on mid-point of Whitehaven’s FY2024 guidance and FY2024 life of mine plans for the Assets

7 - Based on FY24F pro-forma as per Whitehaven management estimates and assuming spot pricing

Thx PeteJh - had a quick look at this one as suggested :-)

https://whitehavencoal.com.au/whitehaven-coal-to-acquire-bmas-daunia-and-blackwater-coal-mines/

• Whitehaven to acquire 100% of the Daunia and Blackwater metallurgical coal mines from BMA for an aggregate cash consideration of US$3.2 billion (1) comprising:

- US$2.1 billion upfront consideration payable on completion, and

- US$500 million, US$500 million and US$100 million in separate tranches of deferred consideration payable on the first, second and third anniversary of the completion date (2)

In addition, contingent payments of up to US$900 million; comprised of three annual payments (payable on the date which is three months after the relevant anniversary of completion) dependent on realised pricing exceeding agreed thresholds, (3) with annual contingent payments capped at US$350 million.

• To be funded via a combination of available cash, a US$900 million bridge facility and cashflows of

Whitehaven's enlarged business over FY2025, FY2026 and FY2027.

• Highly attractive acquisition for Whitehaven and is expected to be materially earnings accretive,

(4) with upfront and deferred payments together implying an acquisition multiple of 1.8x EV / FY2024F EBITDA using spot prices and 2.9x using broker consensus coal prices (5).

• Delivers significant value upside with attractive growth opportunities in Queensland’s Bowen Basin, including synergies with Whitehaven’s Winchester South development project.

• Transforms Whitehaven into a metallurgical coal producer in line with strategy, with pro-forma managed Run of Mine (“ROM”) production of around 40 million tonnes (6) per annum and pro-forma revenues of around 70% metallurgical coal and 30% thermal coal. (7)

• Consolidates Whitehaven’s position as the leading Australian ASX listed metallurgical coal producer, with multiple benefits from increased diversification and scale.

• Increases exposure to attractive high-growth market regions including India and Southeast Asia, while strengthening and diversifying end market exposures currently focused on Japan, South Korea and Taiwan.

• Completion of the Acquisition is expected in the June 2024 quarter subject to satisfying conditions precedent including regulatory and merger control approvals.

FOOTNOTES IN NEXT POST

Looking forward to some trading were you Mystic Freddo ;-))

Afternoon Ace or should I say afternoon homie lol

Good to have something to talk about again mate and yep, suspension always frays nerves for some but some of these concerns are a bit odd given what we know for sure. What we don't know and will really inform us on potential shareholder value is still to come - but I'm glad that we now know where the process is roughly and an idea of what to expect.

LOL I love the Big Koala references, do they have a nickname for Gina R?

Also - why are shares being issued again LM, to poke a few holes in the ground to hopefully find some pathfinders etc. or to acquire physical assets of some tangible value providing current or future revenue...

Sadly for you, you're now locked in but hey buddy - you've had plenty of time to sell given your pessimism.

They're already repairing though and given an estimated recommencement of production of early Q4 at Telfer and also negotiating a deal with GGP along the lines of finalisation requiring completed repairs, not sure why this is a major concern now for some?

Article was updated and early early speculation, can not fully assess anything until you have all the numbers and details from GGP, but good to know things are moving now ;-))

Great early morning work too catching this article Timber :-)

GGP mcap conversation is to AUD in article so assume the same, deffo need more clarity on this and also if any debt funding if article is 100 percent accurate