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Look guys, there will be no TO of GGP as we have the money and standby facilities so we do not have to sell at any price under a quid IMO. Our BOD are not here for peanuts and IMO its the best BOD that we can have, all that experience especially on the financial side so they are not going anywhere and anyway they have pots of money in their own portfolios and also IMO they will want to load up with GGP shares ASAP. All this talk of TO at such low figures is for the fairies. We have come along for a long time especially the old LTH who have not sold up in the high 30s so are not going to sell cheaply. Some like me will be kicking themselves that they didn't take more off the table at that time but cant look back only forwards to the next phase and that is melting our gold to sell to the highest bidder so hold on guys its getting closer every day. DM
To buyout Telfer and Havieron is not going to cost that much, Telfer is worth Zero and negative cost to clean up the land back to normal will be a cost of a few hundred dollars so the sweetener is Havieron, i think Newmont would be happy to recover the costs expended so far ie 250m plus a couple of % royalties net smelter. Positive for them is they wash their hands of Telfer and walk away clean. All we need is gold to increase to 3000 usd oz before Telfer dries up and that pays for Havieron to first gold pour. DM
Hi castle, attached is the reason why SXX failed as they tried to go it alone with insufficient money not like GGP who have plenty to finish the mine. SXX needed billions to conclude the mine, enjoy the show below. DM
https://www.youtube.com/watch?v=22dIkWYUAxQ
Hi YN, too many LTH who are looking for more than 24p including institutions who paid more than 30p. There's more than 20milliom oz down there and i suspect more than 50 million, think about it there's more than 1.3 billion tons of ore at 1g/t equivalent, work it out, then think what Havieron is worth let alone the other projects if we get good results. DM
Nothing less than 112p per share for me, i like Mickys 144p but i am not greedy. As i understand private share holders still own around 70% so no way is 12p or even 24p is going to get discussed let alone a vote. DM
Typo, for the next 50 years. Just to add that i think that is a minimum pay out, just think gold at 2500 next year and 5000 usd in 2025, the big boys projection on where gold is heading and JR states a gold standard or part of one will require 25000 usd as a minimum to cover USA debt. DM
Hi Bamps, totally correct in what you say, there is no way that SD will sell Havierons 30% as i look at it as a dividend for GGP IE: 300000 Oz year X 1000 USD profit = 300,000,000 a year = 90,000,000 a year for GGP ex smelter? Our cost for Havieron is a couple of guys to monitor the mining at Havieron and a couple more at Telfer, that's it pure royalty payment potentially for 50 the next years. Base line for the company to discover other projects and bring on line and pay divi to SH, what's more to like about it. DM
Couple of things on my mind over Telfer and Havieron and what people have been saying at this time. Its been mentioned that any purchase of Havierin is in the range of 12 to 15p, not correct only a lump sum price as i have mentioned below. A takeover of GGP can be referred as pence/pound per share, i prefer GBP of course.
For the future and or present time any big drill result in the JVs or Scallywag changes everything especially for Telfer and that is why GGP must drill out Rio JV ASAP so we complete phase 1 to attain 51% of the project.
Telfer is worth zero unless they find Telfer 2 and for GGP the best scenario is for somebody else to run Telfer and we send our stuff at 10% over toll as per contract, what a good deal that was. I would like to buy another 21% of of Havieron and manage the project, Wyloo can buy the 49% left of Havieron and Telfer and we can then negotiate with Wyloo to run through Telfer any other ore that we find on a cost plus basis. DM
Hi Dip, sale of Havieron will be a lump sum and an eye watering amount after the new MRE. For the 50 million oz dollar lone i think SD will want to drill out Rio JV as quickly as possible to complete the 1st stage which will give GGP % of the JV then its monetised. We have 4 years to do the 1st stage, i think SD wants to finish it by next year at least if not sooner. DM
Apart from Decka i am more interested in A35 and Perl prospects in Skallywag, for me A35 is more interesting as it appears to have silver as the main component in the latest drill holes. Unfortunately there were smears on the cores so the latest drill cores should indicate if we are in the sweet spot. If the result proves the same amount of silver then we are looking at 12 gt gold equivalent, yes gold not typo. Work it out 1325 gt silver mmmm without the other stuff down there. DM
Telfer is worth Zero as is and the only value in the region is Havieron at the moment, the moment is also worth zero at this time. Either Newmont keeps Telfer and 70% of Havieron and buys our share of Havieron for an eye watering amount or sells the 70% to GGP or take 2 to 5% royalty payment ex smelter for both Havieron and Telfer. Those are the only options IMO at this time. Good drilling outcome from Scallywag or Rios JV will of course change the above possibilities. DM
Good RNS but the only strange part is where it says " Greatland will continue to support the early works, development of Havieron. For me there is no need to make that statement? Wonder if it means GGP will provide their share of costa until Newmont buys Havieron or Wyloo buys it?????? DM
Hi TT, building our own processing plant is not an option at the moment as it will take 3 years to build and only after permitting, then we need to tie in to the Telfer gas pipeline for power generation even though we will build green infrastructure but need back up 100% just in case. Owners of Telfer would require long term contracts to process feed stock so that is also a problem unless they will take a 5 year deal while we build our own plant. Also to take into consideration is the size of the new plant, how do we size it, just for HAV? what about future finds, for me Telfer can take 3 or 4 times Hav size with minimum changes. DM
Hi TT, I wonder if there will be an RNS next week with some goodies for SD to discuss at these forums and our townhall meeting. There has to be new information for potential new investors to be tempted. If no new info then what's the point in travelling around the world just to spout what's been seen by the markets already and on GGP website. DM
HiHi Jiffy, this is the reason SXX failed and the reason why GGP will not. MONEY huge amounts. DM https://www.youtube.com/watch?v=22dIkWYUAxQ
Hi Speedy just strange that 2 meetings in the same week concerning finances of the world, my take will be Monday morning if huge decisions have been made and will take place then. All central bankers meeting take place at the weekend and we get to know on the following Monday on their momentous decisions. DM