Member Info for Dip666

@Chuffchuff - I favoured a JV for diversity and ease of growth piggybacking a major but the packs ben shuffled and new cards have been dealt.

New questions too such as do we have rights of refusal on both assets and last or first for both?

Will they be packaged up?

Will Newmont test the market too?

What kind of deal can Shaun structure and how accretive will it be to each of us individually from our own positions and timeframes for investment?

Next few weeks should help start joining the dots I guess.

Absolutely Red, press release says :

Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee

Indeed - Shaun wanted this and now he has the opportunity - so let's see what they've cooked up :-)

Https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-Balanced-Capital-Allocation-Strategy-and-Return-of-Capital-Framework-Supported-by-Portfolio-of-Tier-1-Operations-and-Projects/default.aspx

Announced a Focused Tier 1 Portfolio*

Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee

Focusing management efforts on portfolio of Tier 1 assets and emerging Tier 1 assets

Sequencing development projects to focus on enhancing project development capabilities to bring forward the gold industry's best pipeline of gold and copper projects

Identified an additional $500 million of cost and productivity improvements over and above initial synergy commitments**

Thanks Bamps, I was sure Shaun had said something about a larger volume of water than anticipated at some stage but very much your area of expertise so thank you for clarifying and just read your GGPChat post about the DFS yesterday and found it a really viable theory :-)

@MH01, that's a good point as I've worked twice for an American corporation and agree , I do expect NEM to get grilled about various topics including potential gap in ore at Telfer if they can't share specifics on Havieron production timelines, so was just theorising a potential strategy to buy more time while they beaver away at whatever they have planned ;-)

@BrillGold - live and learn I guess!

LOL fair enough mate :-)

TBH i'm not expecting too much on Thursday yet from Newmont (sorry Ace!), I think the buggers will wait until their Capital Markets Day post June to share detailed plans on Telfer/Hav but perhaps they'll extend the cutback's life to help appease any concerns on potential gap in ore at Telfer stating a higher spot price or better economics...

Personally feel still a close call for all 3 scenarios for Newmont, so keeping an open mind unless we get some clues tomorrow on which way Newmont might be leaning but not holding my breath - lIke I've said a few times, be a cold day in hell when I sit through an Orphan Period again in this or any junior stock - come hell or er... high water lol

Freddie - the LCA hasn't been communicated as a critical issue that is endangering Havieron going forward - just larger than expected from previous estimates with unsafe water pressure so Health and Safety is taking precedence to dewater enough to reduce that pressure where it is safe to recommence the decline. 2024 H2 is looking more likely now for DFS and decline hitting ore body - we're just going to have to wait.

Remember Shaun specifically said in his last interview that the GGP team had an ETA for recommencing work on the decline but their hands were tied into making announcements in line with Newmont. Corporations generally are very careful about any comms and guidance and usually dealing with a lot of regulatory red tape and restrictions from the tighter regs they have to follow on their exchanges as oppose to the wild west of AIM.

SD can't share more information until Newmont decide to share, simple as that so probably better emailing Newmont IR than GGP really. Maybe we get an update Thursday but might not yet, but at no stage has this been communicated as a project stopper and you might be able to work this out if you bothered reading the last relevant RNS and interviews... taking us back to another conversation :-)

https://www.ggpchat.co.uk/viewtopic.php?t=883

* No thank... thank you very much for that that hopefully will put a lot of people's minds at ease, speaking of dewatering how is it coming along it's probably about a quarter since that all started?

- yeah look I think as I mentioned you know we're pumping water to the surface the initial focus is around the depressurization which is proceeding

- I think some of the initial water pressure was a little bit lower than kind of modelled which I which is a positive you know less water is good when you're dewatering

- so yeah it's premature to talk because there's a lot of maths going in around pumping rates and trying to get more refined calculations but I think just to say so far so good

* Awesome thank you any idea when we're going to start the decline back up or is that sort of once the maths have all sorted themselves out and the waters all disappeared?

- yeah well look it's it's always a little bit and well let me just kind of clarify it's not about making all the water disappear even through that upper aquifer and middle aquifer

- we continue to pump it's just about getting it to a controlled equilibrium okay because when you first go into these aquifers they're under pressure, it will the water will flow really fast for a period of time until you get it stabilized

- but in terms of giving guidance I know people want to hear that, we have our own understanding and expectations but it's very difficult for us to give that outside of the manager because it is a… ultimately we have to do these things hand in glove with our joint venture partner

- so it's difficult for us to comment unilaterally on that .....

IOT - learn to read you mind numbingly boring, intellectually challenged and illiterate troll and it appears my last post hit a bit too close to comfort hey :-)

I'm very much stating that buying an asset isn't an easy or even perhaps viable task for those that consider it a good idea at this juncture of the company's journey.

Also, where do you think the funds came from to buy into Kalgoorlie in the first place, you think the money just blinked it's way into existence or came from the growth and revenue whilst Shaun was also present at the firm as CFO. His previous high end experience as a CFO will be perfect in a junior that has become a Developer and transitioning to a Producer and hoping for rapid inorganic and organic growth (relatively speaking) for very evident reasons to those individuals with business experience and well aware of what a CFO role entails.

And as we now know there is a Town Hall on the 5th next month, why don't you pop along on one of your fantasy 'business trips' to London, come and flap those toothless gums in person and pass the crack pipe over to Tymers, your banal witless fits get more incomprehensible by the day lol

I don't have an issue with a very financially disciplined and technical approach to continued exploration as that was partly the point of building the team as being the junior partner in the JV, it's mostly picking up our share of costs that is a key task. Patently obvious it might still be years before we make another economic discovery (if at all) so important we continue working through the projects steadily IMO.

Newmont don't NEED our input but no doubt appreciate the input being given into planning and development from a very skilled team in GGP - but much like Newcrest brought the LCA issue and solution to the table, we will always play second fiddle in the JV. That is quite the team we've built up now, they need to be working on both any input to Havieron and the rest of our portfolio or review other potential projects than be sat around surely...

The simple truth is our involvement in Havieron is quite passive from my understanding but I also don't agree we should be looking at a major acquisition of a producing asset right now. How we going to pay for that, no one lends money for free and we'll need to raise some capital too? I'd like to retain as much of my potential profit margins as I can than give them away to new insto investors. If it was that easy you'd see juniors jumping straight to being producers every day... we certainly have some unique factors to beat those hurdles but they are pretty challenging even for GGP.

We own 30% of Havieron to help assist funding of development until we get to revenue, potential lenders will need to fully understand future commitments and revenue from Havieron to assess lending to a company that currently has no revenue streams but does have massive commitments at Havieron before we see revenue. And we still don't have a DFS to confirm future Havieron financials (within certain thresholds) or indeed a formal DTM. Disciplined exploration while waiting for Newmont to advance Havieron seems the right strategy to me.

Let's see what Thursday brings but nonetheless if nothing groundbreaking as such, still gives perhaps newer investors a chance for face to face or just to get some context on recent events, Newmont taking over and LCA.

We have to remember Newmont are in charge and the majority partner so to some extent GGP'S hands are tied in regards to Havieron related information as they decide what info gets released. Most AIM companies don't put in half the effort on Comms TBF and he probably has other meetings lined up too.

I agree with Max as any sharp and sustained rerate looking at the Lassonde Curve and PPSS Study is probably going to require FID and funding in place alongside good progress and a lack of any serious issues with construction/development phases. If you split the development timeline into 3 or 4 phases it is the first and last that experience the most positive gains usually from the point FID is made.

Importantly 93% of the 124 projects studied to date that achieved FID went on to become operational so once we get to that point we have excellent odds of success. Alwyn may be stating that the company MC is 10% of what it should be (poor sentiment across entire sector of course too) it is important to remember that SP is also heavily influenced by sentiment (AIM stocks especially) and macro and IMO any rerate will be heavily influenced by what tailwinds the sector also experiences or not too.

The PPSS study by Lobo Tiggre was unable to define what specific factors (NPV, resource size etc.) influence the magnitude of a production rerate, so hype and marketing may well play into a large part of it, so if teh sector picks up sentiment again I hope that we see a real PR effort by the team to assist this.

Hi 5x5 - no nothing yet mate but it was definitely received and probably in the queue with a bunch of recent emails I imagine, if I do I'll be sure to share here and TG immediately. Mind you my email was a bit blunt in some regards as below :-)

"As a shareholder I would like some clarity if possible on whether we are still in an exclusivity period and in negotiation with Anglo American as we've moved from specific timelines and milestones for a DFS, funding requirements and milestones to only seeing delivery of a Development Study in place of the DFS that was expected by year-end.

The study shows we have lower CAPEX requirements so perhaps the funding framework can be adapted - but we also have far more open-ended statements around the way forward and very IMO evident plans for a raise to fund further resource drilling. Somewhat worrisome as more potential dilution from current low performance even when aligned to market conditions although I don't expect any comment on this of course from the company - but unlikely any future raise will be at a premium to an already very low market cap.

Some feedback - terrible comms strategy around Troy leaving and bringing in a new team, the company needs to establish a stable and committed team ASAP and a far better approach to comms with retail shareholders than one that seems driven by a need to assist interest in the project and potential funding from new investors vs any desire to liaise with those who have funded the projects to date.

Good assets require an effective, reputable and professional team to ensure they will be optimised to maximal benefit, Alwyn while appearing to be very competent shares his non-exec role with three other companies, how can you reassure shareholders that the leadership team is committed and focused on the company?"

Hi SaS - just using for comedic effect mate and never been inevsted there, but I'm sure he was back ramping on there at some stage last year as someone here mentioned it :-)

Just ignore IOT - he missed out on all the hot stocks in 2020 so goes around pretending he bought low and sold at their peak on certain chat boards and trolling everyone... despite never having posted while they were rising of course!

Sad way to spend your life, time better spent if he enrolled into adult classes to complete an English GCSE and stop making us suffer through reading such illiterate posts.

At least Tymers has an excuse as usually hallucinating on hard drugs and UKOG RNS's when he posts.

Freddie - I'm not the genius who has far more years investing in this sector who invested right at the peak of the Havieron Discovery Hype, market bubble and the sector- YOU were and while I didn't exit myself... I'm still sat on a very healthy paper profit even at these levels so a matter of perspective I guess as I saw the potential in GGP at least a year earlier than you.

If I sell on Monday I still clear a huge amount of profit - but I have decided to see if the PPSS delivers a decent rerate here as even a circa 100% gain into production is another huge amount of profit from my perspective. 202 is 4 years ago - I focus on what is ahead than crying about the past. I've used lessons here to build a strategy for future discovery plays where I'll exit in future after maiden MRE probably.

Not sure why you can't just debate the topic being discussed i.e benefit of a research driven focus vs trying to score personal points - bit childish but par for the course with you mate. The worlds full of cry babies who never take accountability for their own misfortune and blame others. I've been very honest about stating where I felt in hindsight I called things wrong and how I've adapted my approach, it's what smart people do, learn from their mistakes and forge ahead.

Some of us have helped build a decent library of information for understanding GGP or other mining stocks. I maintain my position those absorbing that knowledge will perform better in future. than random swing traders like you.

Freddo - seems like a handful of folk agree with you... BUT If many of us have invested a large amount of our relative net worth into stocks or our own business or any endeavour then surely we should do some hard work - i.e the ACTIVE in active investing? Try and maximise success?

You want to get fit and maintain your health - you eat well and exercise.

You want to get smarter - you keep learning and make it a lifelong passion.

You increase your odds of success by putting in effort in anything, not just reading RNS's, I stick to a smaller number of stocks so I can spend what is very little spare time to understand and track each investment. Of course, mistakes get made often - only a liar would say they get every investment right but I think I have performed well above average over the years due to putting in the effort to learn as much as I can and stay on top of investments.

Trading or investing, you just have to ensure you win more often than you lose. If you do the hard work, build skills and knowledge then over time you'll perform better than most of your peers most of the time in any endeavour. Even if not the most naturally talented at something because you can close that gap with plain old hard work and focus, talent only gets you so far as the old saying goes.

By building knowledge and keeping a close eye on your stocks, the aim is to hopefully pick up on issues in time to jump ship or get in earlier than others to great opportunities. A lot of us were newbies to this sector or even investing for some here in 2020 when the hype really hit the markets and GGP. You and a few seem to be disagreeing with this, but the reason many come to these boards is to read and share research, research gained through hard work of some to help try and beat 'the system' and some of that is reading and interpreting RNS's last time I checked?

Some have increased their knowledge and some haven't since 2020 - I am 100% confident those who have will make better choices in future here or elsewhere.

Skills pay the bills :-))

I've emailed the company to gain clarity, will feedback if I get a reply.

Look at the current sector sentiment, not great for mining stocks and surely better to action a cross or dual listing with DFS/DTM in hand and perhaps with knowledge of whether you're still a joint owner or to combine with funding sole ownership of Telfer and Hav.

A lot of the preliminary and regulatory work will have been done by now (details in the GGPChat thread I posted earlier). I watched a company dual listing with an IPO in the mix last year and it easily met the stated guidelines from a market release of intention to dual list (6-8 weeks usual process I think from memory within 5 weeks) - so it should be fairly efficient when it does happen in H2.

Some info here on the distinction between a cross or dual listing :-)

https://www.ggpchat.co.uk/viewtopic.php?p=2385#p2385

I don't recall anything in last RNS either , so less weight than generalised statements in an interview and assumptions made from those. I did state perhaps not in short term and didn't mean to implly completely off table albeit could have been written better. We previously had a specific and definitive structure and timeline delivered in regards to a potential Anglo deal, DFS and funding structure vs the more generalised interview statements of late - I remember pulling transcript notes out for this.

Great to see we have some indicative term sheets albeit these are non-binding from my understanding. I prefer to analyse everything in detail without preconceived bias rather than be cherry picking good or bad parts of an interview or RNS - i like to consider information and data with an open mind to make assumptions rather than feed desired outcomes.