Member Info for Dip666

Hopefully we shall soon find out mate, good to know things seem to be kicking off though and no doubt we'll see more coming out now... and argue about lol

Think we also need to confirm if this is true if there is any bank debt too, interesting start to the week ;-))

Sources said stockbroker Canaccord Genuity began reaching out to potential investors on Monday morning to round up the $500 million. Potential backers have been told mining billionaire Andrew Forrest, already a backer of Greatland Gold, will tip in $100 million.

Telfer landed on the auction block after being labelled as non-core in ASX-listed Newcrest Mining and New York-listed Newmont’s $26.2 billion merger last year. Greatland Gold, which owns 70 per cent of the nearby Havieron was seen as a logical buyer of Telfer, whose processing infrastructure can handle ores from both assets.

It made no secret of its ambition, and met with Australian fund managers while Newmont prepared a sale. It had told potential investors it would use the Telfer acquisition to underpin an Australian listing.

Hi MH - TBF I should have posted without any references to certain posters, as the general intent was to really speak about investing strategies, so post would have worked just as well without mentioning him - but he was a useful example to make the point.

My main message is how when you think about it, those of us holding or those waiting for a cheap entry actually share a positive outcome once Havieron in production - so what are the collective 'we' arguing about as share the same opinion of the future prospects :-)

Timeframes CP - think timeframes - everyone's differ as do our entry points, averages and risk profile.

You are positioned to re-enter on the belief that if GGP make a deal you'll initially be able to buy in cheaper than current SP then benefit from growth into a production rerate.

Many are happy to wait until production or beyond on the shared understanding that the SP at THAT particular point in time will be higher than the current SP.

I've got plenty of shares in GGP and no desire to buy more so based on my assumptions for SP by production, I'm happy to wait and hold vs risking selling and finding myself struggling to buy back at the same average.

As my potential exit or slice point is production, I don't need to wait on sidelines as I think either in sole or JV form, GGP are most likely to come out owning both assets. If I'm wrong then it's back to a JV for which they are 'well funded' or perhaps an attempted buyout - which should be north of today's SP, so for me still in profit.

Why you and others struggle to contemplate the above is beyond me, you do what you want and I'll do what I want. I've not been the one judging your strategy, just your trolling of the board.

Nine is known as the snake Tom, post was targeted to him and have a lovely evening mate ;-)

Hi Tom, of course not mate !!!

Just wanted to make a point about our little snake Tom, tie the little bugger up into knots as such ;-)

Expect the board to be attacked by snakes and trolls as also aware a potential TH in next fortnight, was expecting something tonight.

But good advice, why waste the weekend listening to their snivelling and incomprehensible FUD!

Snake, I want that essay on my desk by Monday 9am!

Let's ignore the fact you've been unable to complete the exercise Ninny Nincompoop, I feel generous as it's the weekend!

But do bore us with this experience you have that makes you such an expert in identifying any issues from someone's presentation?

Was it that you starred as the pumpkin as a kid in your primary school play at Halloween?!

Nine, you seem intent on creating the narrative that Shaun is struggling or overwhelmed as if perhaps things are not going well.

So let's try a little exercise for you. List 5 reasons related to the company that might have resulted in a tepid performance and 5 that are unlinked such as say feeling under the weather, family issues etc.

And then pick the most likely one out of the 10 and tell everyone why.

Ace, I think the AI model is called..

Totally and Utterly Redundant Torrent of Lumpy Excrement

Or more commonly abbreviated as TURTLE 😂

@Monochrome - you could check the Grant Samuels valuation as the last and most recent valuation and also in the manner that the deal is expected in with both assets sold bundled together. Plenty in there to muse over and the push/pull as I like to call it around a price tag will probably have started around the assumed valuation range ($500-600m USD correlating to £380-£457m GBP roughly) concluded in there and doable IMO from GGP's perspective either as sole owners or with Wyloo etc. as JV partners.

Page 276 as printed and 278 in actual file.

https://www.newcrest.com/sites/default/files/2023-09/Newcrest%20Scheme%20Booklet.pdf

Our resident expert of guff CP tends to post a lot of empty air sadly, when analysed the words add up to pretty much nothing that couldn't be summarised by the words - 'He expects a raise and opportunity to buy in lower than current SP if they manage a deal'.

I just broke down his entire 4905 posts on this board into one single sentence for him and he can now take up fly fishing, chess, knitting or gardening and retire gracefully enjoying his £20k from trading Newmont.

No need to thank me CP - I like to be helpful!

*NEM not NCM of course!

I think what you're seeing Barna is managers who have been briefed verbally trying to appease worried staff that the assets been sold and an announcement due soon formally by NCM - and I assume they will be first and closely followed by whomever the buyer is as important to note, rumours more so around sale is completed NOT GGP buying Telfer :-)

TBH I've now received some cr*p for sharing what I did in TG despite it being the only occasion I ever have and many others doing so in past, albeit bit of a drunken post by someone last night it has made me regret bothering getting involved in any of these chat groups.

I clearly posted as I did here - this is not investable information, just that I was shown some comms and verify source is legit as generally most folk consider myself as someone who can be trusted to be honest and thorough.

I was fed up of some being unfairly maligned as bad players whom I've come to know and trust. My advice is info looks legit about Telfer being sold, no indication though to GGP - so wait for ASX market release in Oz to confirm and don't make any investment decisions based just off intel but certainly some good intel out there that a sale seems to have been closed, so fingers crossed we're finally out of limbo whether it's us or someone else buying the assets.

What if Tinners hires a DMC DeLorean as the hire car Mark?

He could travel Back To The Future with 'Doc' CP lol

Imagine the convo....

CP - Are we there yet?

Tinners - We already are!

One minute later...

CP - Are we there yet?

Tinners - We already are!

One minute later...

CP - Are we there yet?

Tinners - We already are!

And on and on and on until the end of time itself!!!

Are banks and insto's going to lend money to GGP in any scenario where payback looks too risky - I doubt it.

Tier 1 banks such as HSBC, ING & ANZ and current cornerstone investors such as Wyloo and no doubt any others added in any theoretical scenario have plenty of ability to perform sound DD of both assets. Certainly won't hurt to have the likes of Gaines, Barnaba and Wilson onboard inc. other experienced members of staff to assist in passing DD.

If the sums don't work for sole ownership of both assets, then I'd imagine a JV approach with Wyloo and/or others would be pursued if viable. If not, we'll see a new JV partner and go back to Plan A i.e the original path to production that was fine with most of us I assume...

For what it's worth, Shaun intimated he thinks GGP can afford it at last TH, and by 'It' I am assuming what the team considers as a fair price to pay can be achievable through their funding capability. Personally I do expect some level of equity raise, just as was required for 30% funding and we'll see how that plays out in time.

I don't understand why some of those sitting this out get so upset with those happy to hold and wait? I certainly don't have an issue with anyone waiting for an RNS to then try and jump in. It's a very complicated scenario to try and ascertain the final price tag and potential funding structure if GGP end up as sole owners - a range of outcomes are viable.

Hopefully so mate and well, even if it's not us as new owners we just have new JV partners and same investment case as before, hardly a bad scenario either :-))

Shinybits intel seems legit IMO as seen verifiable proof that the understanding is that a sale completed but not who the buyer is.

Obviously rumour and speculation should never be used to make investment decisions, we still need confirmation the buyer is GGP and won't come until a market release made and of course planned dates for any kind of announcement can go awry.

And to conclude, I summarised my thoughts 18 months go after a TH around Wyloo were that, Shaun was stating that Wyloo are a supportive partner more inclined for assistance of GGP in acquisition than a JV approach but if needed could purse that option and will be a great support in obtaining full value if NEM decided to buy us out as they don’t need an injection of cash, what they desire is long term growth and ROI from projects such as Havieron

Dear me @CP - you needed to have the basics pointed out to you yet again last night to even learn about the phrase 'going concern' after a frantic spot of Googling no doubt - are GGP going to struggle to put together a FS anymore than they did their own MRE... probably already one structured to assist with discussing funding options with banks etc.

Now are there other options IF GGP are unable to fund buying both assets? I threw one of my 'easy' questions (as Ninny the Snake likes to say) at Shaun in a webinar once to ask, alongside others in past such as querying employee incentives.

***https://www.ggpchat.co.uk/viewtopic.php?t=678

*Okay now I think the next question to go to is by Dip S, you've done well I have to say because you've raised the Wyloo question which is where we go next, I think, our Cornerstone investor Wyloo are more than an investment company, they explore and develop their own assets with a long-term metal strategy in mind and if Newmont acquiring Newcrest might they factor in an opportunity for Greatland to acquire sole ownership of Telfer and Havieron. in other words will Wyloo let's just talk Wyloo, do you think they will be excited about this as an opportunity as much as you are?

- Well no one's as excited as I am, so yeah look I yeah I think there's some comments that you know people have asked about where you know Wyloo talked about you know they like having Havieron in the portfolio they think it's a high quality asset I think the underlying questionnaire that they talked about the sophistication and the capability of Wyloo both technically and financial

- they are a really have a really good reputation in the Market as an investor and have capability and they do own assets for themselves well I you know so I think there's two elements to it

- I think one I think they are well placed to understand the opportunity but two they're on our side, they're on our side of the fence I think that that is you know great for us, I think you know my own view is they play that opportunity through Greatland but if the inference was there well maybe Wyloo becomes JV partner and you know we buy Havieron and they by Telfer well I gosh it would be a really close relationship

- so I don't think there's any bad outcomes there but I you know we work you know I work I'm a shareholder in Greatland you know so other people on the call you know we unapologetically would like to keep this in our house

- we have a brilliant relationship with Wyloo, yeah I just think the way to think about that is they're on our side we'd work together constructively but if the best outcome is Greatland owning it, the second best outcome is us owning it with you know with Wyloo

- but I think that's unlikely I think they're there just to support us but I think there's no bad outcomes in that scenario