Member Info for Dip666

CP - Standard statement for annual accounts that the company has no known issues in operating for next FY.

Lol ace, means more a fellow gang membe, same neighbourhood than any romantic overtures!

And sure, I could see a deal in principle, who really knows at this stage, right now Freddo might be watching turtles mate in Zakynthos while the ink dries lol

I agree with Bamps, might be the prohibition notice needs lifting and potentially recommencing production and was my thought when the issue surfaced, might just be something stakeholders insist on and perhaps even considered best approach by GGP team, whom I'm sure prefer full due process and diligence over haste.

I thought Q2 for a deal was too early esp. given as not much seemed to have started IMO from seeing Shaun at last TH and he himself was advocating not to expect something overnight. Some folk consider such thoughts as FUD but here we are in late Q3 now so perhaps just being sensible and measured... and boring as my homie Ace has suggested before!

Doesn't mean that everything else required to close a deal hasn't been going on, and perhaps agreed in principle but certain things might be needed to play out such as production recommencing to fully sign-off on a deal. The desired timeframe for divestments is end of Q1 2025, and that I believe was for deals to have been agreed vs being fully transacted.

Also, Shaun's confirmed to someone on TG that he's still looking at flying out either before or after Denver Gold Forum on 16th, I suspect he's being less specific in order to avoid folk getting convinced there is a deal due before a TH if he confirms a date perhaps. Or of course could be waiting for something to play out but as Trippy might say - Who The Heck knows , still pre watershed else might use stronger words!

We'll all be over the moon if sooner of course :-)

You'd think the toll agreement has something built in to deal with such a scenario in the event of a sale of Telfer to a 3rd party, just as the LROR is in place for any divestment of NEM's stake in Hav as par for the course Mr. Aimless?

And irrespective of this, surely any new owner would be keen to run Hav ore through Telfer as without it, a less appealing business case to purchase surely, even with current and forecast POG. Still, perhaps Evo do think they could run Telfer more profitably as is and process ore from other areas if ROI is feasible - but then - I'm sure GGP too could replicate the same feat as owners.

Of course you could ask NEM IR why they've decided to package together for sale, as that is what they communicated to myself and others who have contacted them. Of course Evo and others can bid for both assets but at the end of the day an LROR in place for Hav for GGP, so anyone wanting NEM's 70% of Hav needs to consider this hurdle too.

Perhaps in your scenario, Evo also attempt to buy GGP's stake too you'll probably respond, well then they'll have to navigate this with what is a very capable and proven team in place in all aspects of the mining business, so the odds are better than your usual AIM junior to benefit.

He's good fun really, imagine him last night pottering around in his shed swigging back his hidden whisky bottle and slurring 'I ain't no turtle, I ain't no damn turtle Dip!!!'

Apparently The Mutant Teenage Ninja Turtles had a 5th brother called Weirdotello who was too boring for the film studios back in the 80's. He ended up living in Blighty working as a late night film projectionist in the local cinema where he could hide his radioactive, mutated and shelled butt from the public, now that is a verified rumour!

Hi Red, more bullying the bully this morning but some genuinely believe a DFS would have to be published for a sale so perhaps his intent is of FUD, pointing out what I have helps inform other folk who genuinely wondering.

After all, FUDsters often use real fear or misunderstanding to do their work and I have hardly been annoyed by him, more amused.

CP - you wanted to raise the topic of valuations this morning and then when I pressed you - retreated into your shell like a scared little turtle with wiffle waffle!

Now you keep repeating yourself about the DFS - so please do share with everyone why as co-owners of the current DFS which after almost 4 years of work will be in a a very advanced and near completed state (alongside any optimisation studies ):

- GGP will be unable to share key conclusions and data under NDA with current and future stakeholders and institutions to assist with Due Diligence and funding?

- The same access perhaps to a more restrained level goes for any potential bidder, no one is going to buy or fund a client to buy something without a certain level of data made available are they?

- Newmont just bought Havieron off Newcrest without a DFS, Hav/Telfer were bundled up if you remember that valuation report you were too scared to discuss this morning? And we've had NEM IR confirm they were planning to sell as such too.

Do you want some help with understanding how development assets such as Havieron can be valued in a scenario they are being sold and also then gain a better understanding of the GS valuation?

Pretty obvious to some ;-))

CP, perhaps you might care to elaborate my good fellow?

- What inconsistencies are you referring too, what did you find contradictory ?

- How did they lack conviction?

- Are you saying that their final conclusions were at fault because you...

(i) believe the market value of the assets falls within another valuation range than outlined and perhaps if so

(ii) you might provide some detail on what would be more appropriate in your opinion and

(iii) the methodology used in your own conclusions?

- Did you find various scenarios and forecasts explored unrealistic perhaps for each asset?

NEM guidance was for early Q4 for Telfer to recommence production, so I'd suggest before November if this schedule is met.

CP - good to see you've been released after your rampage through the streets of Oxford hunting down GGP investors :-)

I'm sure a learned man such as yourself can give us detailed breakdown on the last price discovery event being the Grant Samuels valuation perhaps?

the email wasn't 'leaked' mate, it was shared and tango's not the only person who has shared email correspondence from ufo. i have shared email correspondence too as they used to be much more responsive in past, such as a year ago when i sent a detailed list of queries about han**** dfs, timelines, performance options and concerns about finances and got a reply back - days before a placing i recall. both myself and tango are not anonymous on tg either, so easily verified in the real world :-)

also, posted in tg this morning that we need to be careful treating end of month imo as some kind of undeniable timeline by which a deal being announced is guaranteed. the other party and stakeholders won't be working to dates set in slides or outlined in emails for 'expectations' by alien personnel. might be a week's delay for instance if key personnel away on hols etc. so perhaps a bit of leeway is wise. saying that if we go beyond early q4 without something agreed, they'll have missed yet another stated timeframe so frustration will be felt for sure.

also think we've got some p&d merchants jumped aboard as expectation for a jv by end of quarter was already out there, i think we'll hear news but not so hung up on it being by end of month, might spill over into early september for instance.

Ditto Panama and I think you're spot on and Shaun will probably set one up after Denver anyhow as he may as well meet up with retail and insto etc. in the big smoke on way back, so hopefully catch up then and even better if we've had some big verified news to celebrate : -)

Hi Panama, it is stated as an unverified rumour in their email... so might be using this site as the source for all we know lol

Lol you and me both Ace ;-)

Freddo - As you know I don't filter anybody and have had no issue posting about where I've changed my mind or outlook as the investment case changed, only an idiot keeps a fixed outlook when the circumstances have changed - as they have changed since Newmont came into the picture.

I and others have also posted about we've learnt in hindsight and how we'd approach this kind of investment differently in future. My more balanced style and more critical look at all areas since divestment became confirmed IMO got me removed as an admin support on TG - but I had plenty of support in from within group in my approach, so I will never regret my stance and frankly only ever agreed to do eth roel to help Liam, so if he wanted me gone, no sleep lost here.

I'm sure some of the posters you and others are constantly at odds with can be more civil if they're not being baited either - CP's posts of late are what you call baiting. I'm not happy with another stock we both own and if i bother posting on that board I try and be constructive in stating what makes me unhappy and where I think another route should have been followed. I don't just call the CEO (well they haven't appointed one for blooming ages lol) or other directors etc. idiots - I make it clear why I think they are numpties and what i feel they should do and the perceived benefits if they do.

I do agree, some don't like to hear anything that isn't what they deem positive so it is why i use that approach as harder to dismiss criticism in that format, have I caused any ruckus on that board while being 'negative'? Things have changed here and everything will be done to Newmont's tune and schedule as owners of the bid process - same stands true for any bidder of any of the assets they are divesting.

For those of us deciding to hold - we will be able to judge Shaun and co. on the outcome and/or any resultant deal to see if we feel like we've been 'looked after' and I've rarely seen a deal where 100% of retail were happy as all will hold different averages and desired timeframes. So the choice is clear, we either wait until potentially end of Q1 2025 as per NEM guidance on timeframe or sell and watch on the sidelines - hopefully more quietly than CP lol

I don't see what else Shaun can do, we can't go too gung ho with spending on exploration right now surely - no.1 priority is to negotiate a good outcome on Telfer/Hav to secure the future and that will happen on NEM's schedule - so we need to accept being powerless in that regard...

Really just passing on a reply from TG from Shaun from a topic being discussed than looking to get involved in any conflict :-)

Of course if criteria valid, applying also doesn't guarantee getting funding and just one of many many different potential avenues, and always better to scrutinise something than make assumptions it is valid IMO.

Hi Ace, L-A has and Shaun replied that although he can't comment on financing that he and the CFO are familiar with it and would consider for completeness when engaging with debt capital markets. So if viable and also appropriate I guess it could be yet another potential option to add to mix :-)

Jesus Freddo, give us some peace man lol

We've got our resident toddler Sobbsy having a crying tantrum because he doesn't want to wear nappies any more... because he really really is a big boy now - honest mummy!

CP has gone all Michael Douglas in 'Falling Down' on everyone... he's currently stalking Oxford town centre after having a breakdown when his mobility scooter got stuck in a pothole. Switch on the box, they've got a helicopter cam tracking him wearing just his underpants, carrying a vintage briefcase and polka dot umbrella while meting out justice to any GGP shareholder who is unfortunate enough to cross his path...

LoftMonkey has escaped from the zoo again and working on accomplishing what was envisaged in The Planet of The Apes and starting with taking over the stock market with his simian chums... it's got to be better than the latest instalment in aforesaid film franchise!

On a more serious note, perhaps Telfer recommencing is part of the deal finalising. Also note, there was a period of NEM approaching NCM before any news was ever leaked and there is a bid process in play here than there being a deal agreed with just GGP. The LROR also complicates matters if other bidders in play with perhaps another step to exercise this right for GGP .

AND as stated by someone else - they've still plenty of other divestments they haven't closed either yet. You'd expect them to start doing so soon though if they intend to try and hit their end of Q1 targets with most of the divestments - time will tell on all accounts I guess.

early exploration and these are promising enough to be indicative of potential to justify further work wents, some here were over egging the likely sp reaction from early results.

personally, my main focus is seeing them close a deal for han**** and understanding what shareholder value it delivers as short-term that is what is needed for the company to remain a viable investment opportunity imo.

Imagine if you spent less time weeping and wailing on forums Sobbsy and as MH says paid attention to the comms out there? In order to avoid another deluge of tearful posts from you I'll at least point you in the correct direction - but you'll have to do the legwork yourself.

https://www.ggpchat.co.uk/viewforum.php?f=54

It's a very simple concept to understand, we've seen one of the cons of being a minority partner in our key project come to the fore, the majority partner got bought out and the new owner is divesting both the project and Telfer where processing is planned. Things will play out to their schedule not GGP's and plenty of us were suggesting it might take a while vs being stitched up by Q2.

GGP's job right now is to secure a good outcome from a situation that was out of their control. The outcome is what I will judge them by. Also, don't forget that production recommencing at Telfer MIGHT in theory be required before a transaction can be fully finalised if GGP are the successful bidders.

Now wipe those tears up chap - and get researching ;-)

#HappyClapping #CryPosting

Https://hotcopper.com.au/threads/ann-large-lithium-footprint-emerges-at-pinderi-hills.8169168/?source=email