Member Info for Dip666

Ooops - used a rude word so their filter kicked in and also removes caps!

This package idea may not make sense to you @culpepper and it does seem complicated perhaps with LROR but hardly insurmountable. i don't understand some suggesting it would be hard to value both independently or interdependently - after all it's already been done with the Grant Samuels valuation and i can help you along culpepper if you need assistance with understanding how to value mining projects - go and read some of my research on GGPCHat around the Valmin code and educate yourself.

Yet there are verifiable emails from the director of NEM investor relations confirming they have packaged up, perhaps you could email her yourself with any queries within the parameters she is able to discuss anything? TBF anything can be subject to change but any comms is showing they are grouped under Telfer in reporting now.

@chuffchuff - i sympathise mate, very much considering stepping away from TG and LSE myself but not because of trolls but some inappropriate behaviours by one or two in admin towards community members on TG from mocking their concerns in admin chat (which lead to my rightfully losing my sh*t with the offending idiots and lead to eventual disintegration of relationship) to outright bullying in the main chat to anything they personally disagree with vs being against the agreed rules - and recognising the fact that moderation here will also never improve.

this package idea may not make sense to you @culpepper and it does seem complicated perhaps with lror but hardly insurmountable. i don't understand some suggesting it would be hard to value both independently or interdependently - after all it's already been done with the gramt samuels valuation and i can help you along culpepper if you need assistance with understanding how to value mining projects - go and read some of my research on ggpchat around the valmin code and educate yourself.

yet there are verifiable emails from the director of nem investor relations confirming they have packaged up, perhaps you could email her yourself with any queries within the parameters she is able to discuss anything? tbf anything can be subject to change but any comms is showing they are grouped under telfer in reporting now.

@chuffchuff - i sympathise mate, very much considering stepping away from tg and lse myself but not because of trolls but some inappropriate behaviours by one or two in admin towards community members on tg from mocking their concerns in admin chat (which lead to my rightfully losing my **** with the offending idiots and eventual disintegration of relationship) to outright bullying in the main chat to anything they personally disagree with vs being against the agreed rules - and recognising the fact that moderation here will also never improve.

Yep I think so too MH - think it finally all clicks into place by year-end..

It's the price and how we achieve the funding that is the risk that is being priced in more than anything - but willing to ride the risk as I think it can be done in an accretive manner :-)

next rns!

max is appointed the new ceo and becomes the majority shareholder prior to a han**** jv as his evil masterplan to take over the company and assets is finally realised!!!

just kidding max ;-)

Hi James, I felt there were other valid reasons for a TH so was 50/50 and then as we learnt other Oz sites included it seemed less likely. Would like to think my personal 'by end of q3' timeframe is still likely but still wondering if Telfer recommencement and some period of testing might slow things down IF required by potential bidders and/or funding parties - so am glad NEM have given an ETA for early Q4 recommencement.

Was replying to a post by Stu that he thinks the LCA issue is convenient in how for the tailings dam we have Newmont sharing some level of expectations in production recommencement whereas with the LCA - very little specificity despite the time that has elapsed from initial market release?

It seems very clear they've built a clear understanding of the issue, implementing the solution and even decided an optimised route to the ore body. Very much agree that over time I have come to the conclusion it's a convenient excuse Vs my initial opinion last year it was a minor road bump. The good part is that it isn't an insurmountable issue that endangers production but the bad part is - godo excuse for NEM to slow down spending and development while selling...

Looking forward to a restart of the actual decline towards ore body - so we can also get a feel for production ETA as that forms part of the investment case besides the uncertainty of ownership and potential funding framework. Also, it's abundantly clear IMO Shaun is increasingly using Corporate LIngo in regards to LCA and other related issues to timeframes and will remain so until a deal is hopefully confirmed.

More measured than bullish IMO being in the TG group too - as he still see's the likelihood of signing the JV but he's always stated this is a high risk investment so that is the correct context to be considered vs the assumption he thinks or is stating this is a 100% guaranteed outcome.

Sry guys, hectic life at mo so sporadic posting, but nothing from anyone in TG from the TH so assume nothing much of interest....

And lets face it, if someone does put in a bid for NEM to be given option to match - then that automatically shows there is a market demand for the tenement, hardly a 'problem'...

@9 - no biggy - a ROFR would still require a value to be agreed and the team are more than able enough to establish a fair value given the decades of technical and managerial experience and ROFR and ROLR's are commonplace and BAU.

@DB - the team in place are more than capable of dealing with the current tasks and hurdles, both the exec and BOD and other key staff top-down have more than the requisite experience and skills. Shaun is a newish CEO/MD but has the experience of some renowned global industry leaders at his beck and call...

https://greatlandgold.com/about-us/team/

Same goes for funding capability if GGP make a successful play for either/both assets in theory based on valuation ranges many have in mind but there - the devil will be in the detail and the way it is structured.

Freddo - yes many could have sold for huge profits, some are lucky enough to be more than comfortable already and perhaps didn't have any plans for the money so played the AIM roulette hoping for continued momentum or had a longer timeframe into divs.... just the same way many coming into GGP like your good self wanted to jump onboard the seemingly eternal gravy train. Every stock market bubble catches most out somehow in some way.

The reality is that collectively we were all looking for GGP to shrug off an orphan period into development and make another huge discovery in initial drill campaigns - and last few years have played against us if we haven't exited. Been plenty of time to exit TBF for all of us - but in hindsight very obvious many catalysts had been out of GGP's hand to control due to being a minority JV partner, some technical issues have come into fore with Hav and Telfer and NCM being bought out followed by NEM divesting the project.

Time to perhaps accept your fate that it might be mid to long term for those with higher averages and decide what to do accordingly. For now we await a deal to play out and some exploration has been detailed into '25 in latest RNS. My perspective is it was MY mistake to hold but Shaun (to date) has performed well and in my case... I've made many many many detailed posts breaking this down here, TG and GGPChat - so go read those and feel free to post rebuttals with your own research and analysis.

If the team strike a deal that doesn't suit my timeframes I'll shrug and exit having learnt my lesson, I have strategies set now for discovery and pre-production plays and in future will use my usual discipline of using market/macro/sector cycles vs individual 'stories' - no wish in me to sit in positions for years as as not some youngster starting off with a few pennies as been through all that and pretty much built a nice retirement for the future from various escapades and adventures.

Why argue all day here - go and enjoy the weather if you're not at work - both of us are experienced investors and we both knew investing in these kind of positions is risky as eff and you either make a killing - or your portfolio gets a big kick in the balls. The game is certainly anything but over IMO but as always - DYOR.

I think GGP could share slightly more than they are presently about their own intentions - although not in very specific detail and what they might be able to share would still frustrate most - it still wouldn't be anything particularly specific about progress or process, just a bit more open about intentions.

I mean everyone knows GGP is going to make a play for both assets and most invested in both companies and keeping a close eye on the divestment is aware of the ROLR on NEM's stake yet initially GGP would barely comment even on intending to make a play in any form of comms.

We just have to accept the near black-out we have is what we have to contend with until we see an outcome. As I've said before, it's not the WHEN but the WHAT will be contained within any sales proposal that keeps my mind ticking away in how it will affect my and those in my circle. Deals of this nature rarely move quickly as many of us were saying when divestment was confirmed.

@deaertrader, I and others have had confirmation directly from senior IR staff that the 2 assets are bundled together under 'Telfer' and the correspondence shared in form of screenshots etc. in other platforms and by myself in past in here so it has been verified by many in community.

Https://www.newmont.com/files/doc_presentations/2024/Jul/29/newmont-third-quarter-2024-investor-presentation_final.pdf

A bit more 'joining fo the dots' as such has come thru and been shared on TG.

The planned TH /call is apparently for all Newmont Oz assets and call is around Q2 results and business performance.

So perhaps might be more general update, guess we'll find out ;-)

Freddo- there was a period before we ever became aware through a news article by that Oz publication too where NEM were trying to get a deal negotiated with NCM remember? And personally I do wonder if lenders might want to wait for Telfer to recommence production or something related is factoring into terms - plus might be other bidders we are up against adding a competitive bid process to the transaction with the Right of Last Refusal for Telfer adding complexity.

Lots and lots of unknowns to try and predict what might be going on, Q3 seemed a good forecast to me and in line with what Shaun seemed to be suggesting so 2 months left BUT if it leaks into Q4 then perhaps Telfer recommencement is part and parcel of required actions for all we know by lenders or perhaps even GGP or other suitors if they exist.

Doesn't matter if we're patient or impatient as we clearly have to wait whether we like or not and I do think GGP won't divulge more about decline until NEM allow - again we have little transparency there too. All the usual fun and games in holding stocks as a PI. As time has gone on I strongly suspect for whatever reason we may not see work on teh decline itself recommence until sale completed but again - who the eff knows and no different to other transactions I've seen before :-)

Yep deranged PI's tearing our hair and chunks out of each other mate - perhaps we can blame the constant concussion from all the spanners being thrown our way :-)

I'm still positive even if things bleed over into Q4 that the deal can be sorted by year-end, we've had a few years of 'this will be the year' and strain showing I think in many of us if we are brutally honest. Hopefully the TH is what we hope it is but again - it's all so up in the air in actual detail but it is an oddity - so of much interest...

Shame yourself, James and Mh01 have had some disagreements and moving forward perhaps won't see each others posts - as I think I speak for most of us in that always found all 3 of you great fellow posters. I'm sure a few handshakes and alcoholic beverages will solve some current disagreements with some in the community in what we all hope is the near-future.

There is a great deal of detail we might never know :-)

I'm glad Telfer production is stated to restart in Q4 as lenders MAY perhaps want to wait for this event or have some requirement of awaiting a period of time post recommencement to ensure no further issues before signing off or releasing financing fully. A valid albeit theoretical point but certainly something a few of the admins on TG couldn't seem to get their head around accusing those of thinking about all such aspects as FUD in last few months, but TBH many have far more experience in bid processes than the main dissenters do, if in their case any at all.

I've also made a strong statement in no uncertain terms to a couple of the admins in TG to stop using their personal interpretations of excerpts from transcripts I've created as if they are the official line on what Shaun relaly meant etc. as if they are not an official PR channel or representatives for the company.

None of us are frankly - we're PI's sharing our opinions and interpretations, I haven't spent countless hours of my own personal time to create some of the transcripts the last few years for some to abuse the work as such and bully other posters as I made clear to Liam and one or two others - didn't go down well - but I feel very strongly on this matter.

Much stated in public statements by company representatives when not specific in detail is open to interpretation as we've seen and doesn't help if audio is sketchy either when trying to clarify.

But IMO important to remember that we're dealing with a lack of specific detail at this juncture in so many areas, so we shouldn't at tis stage put too much weight in these instances to less clear areas as we have so many facts missing to have an accurate picture of how far in the sales process is and what any deal might constitute - not worth arguing over basically :-))

Hi Panama, I was doing the same vs being able to be honed in but seemed the same to me - so for now it's just wait for more news I guess...

I'll get hold of transcript if poss. and strip out any relevant parts etc. when I get a chance but the waiting game continues for now ... and in the meantime I suppose we can all continue to have covert meetings in gloomy pubs with our gang to plot against Freddo to pass the time :-)

Replay is live for those who missed call:

https://events.q4inc.com/attendee/677311568/guest