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Either or Daveri. I don’t mind. Both mean we are funded till production. What more can you ask for. The fact we have choices is great for SD ;-)
“@rosso - so you’re happy to give away over 10% of the company for 50m - dumbest post of the year!”
Jesus Christ Daveri, that’s the dumbest comment yet mate. If you’re diluting to keep the lights on or pay wages then that’s “bad dilution” but if we diluted and then an RNS stated “fully funded till production” - you don’t think we’d instantly jump 20/30%. It would be as if no dilution took place…that’s called “good dilution”.
Cineworld springs to mind for starters. Other miners I follow are also over 50% down in same period but no closer to anything. We get closer to the gold everyday. Share price might be dropping but in terms of reaching a “goal” - we are head and shoulders above nearly everyone.
We’ve been over this Daveri and you always regurgitate the same rubbish. I also invested more in the 20s and I have no issue. I asked myself, where do I see the company going? And what are the goals of said company? They haven’t changed. We’re just further down the line to becoming what we want to be. After all, there is also a recession going on globally and in comparison to other listed companies in all sectors, GGP has actually held up pretty well.
Since when has our SP suddenly become “low”. In my eyes it’s still way up when we began the process of becoming a miner. We have gone from less than a penny to over 10p - it’s all a process to get to where we wanna be. You can pick any moment in time to decide that an SP is “low” or not good for dilution. We are still on an upward trajectory in terms of becoming a miner. I don’t give two hoots about dilution and neither should you coz all proceeds will be used to become self sufficient and this “low” SP should be long gone by then.
Nothing wrong with dilution if it’s for the right reasons. We’ve been diluted loads since GH time and most are still in profit. If the company is going in the right direction, I have no issues with dilution. My preference would be to get the whole $73m from one source and be done with it ASAP. No faffing about with us retail for funding. More time consuming and probably more expensive. I still believe in selling 1-2% to a royalty streaming service. No dilution and no faff. Done and dusted.
We’ve been to single digits before and it’s not the end of the world guys. As soon as we get back out, everyone comes back and shouts the same. Been there, done that, got the T-shirt. Liquidity is our friend as SD has often mentioned. If we weren’t liquid we’d have massive volatility. Be happy we’re liquid (thumbs up emoji)
The $50m loan was to get us to a certain stage, I think it was always available to pay the costs up to the FS stage so we don’t really have to worry about funding u too then if SD so decides. After that, the amount needed, still from last check, was $73 for production. I reckon that should be easily doable in any circumstances. Onwards and upwards folks :-)
The issue Newcrest have is that even with Havieron, Telfer will not be running at full capacity for a long time. They need another source of ore and Minyari is currently a shallow ore body compared to Havieron. I can easily see both tenements being used to feed Telfer, but in no way can i see them slowing Havieron down for any reason. Telfer is just getting too hungry. They want more ore, faster, not to slow things down.
If you look at the Aussie market, they are also under the impression the ASX is manipulated. They have often spoke of their companies listing on the LSE too in order to avoid “manipulation”.
At this point, after the 5% has been rejected by NCM, we are not liable to pay anything back until after production starts. What’s interesting is that there has been a lot of talk about not being able to get funding/loans whilst we owe NCM this money. Shaun must have surely thought about this scenario. We now have 30% for sure. What we do with it is anyones guess, but surely they’ll be some news in the next couple of weeks from Shaun about funding. We wait with baited breath :-)
What a weird turn of events. Don’t think we ever expected that. Oh well, I guess it’s an extra 5% to play with. SD is delighted as he always said he wanted to keep it. We should be equally happy, but now is the time for him and GGP to step up in terms of funding. Few unanswered questions now that need sorting.
The “extra” 5% can surely now be played with as we weren’t expecting to have it anyway. Sell 1-2% to a royalty streaming company and we get funding plus we keep the extra 3-4%.
Another twist in the tail of the GGP story. Seems to get more interesting every month :-)
Great couple of posts Bamps.
A few people have been saying this for a while. Havieron to GGP is NOT Havieron to Newcrest. We need to understand that until things heat up and we get nearer to production, Havieron is just another tenement/project for them. It doesn’t really touch their bottom line. They are just too big! Let them be the experts they are at mining, while GGP and SD work alongside.
Havieron is like the first few starter bricks on a Lego piece. The rest should, with a bit of control and guidance, all fit in the right place till it looks, just like the box…(thumbs up emoji)
Any new news on Havieron is always good fun, so enjoy tonight :-)
It’s not so much about what’s going on now with Antipa, even though they currently have in a way, more personal gold than GGP, they’re issue is that there isn’t a clear “path to production” yet. Which is where GGP excels.
The idea is that if the Paterson is indeed “elephant country” as we keep being told by multiple sources, then Antipa, with its landholding from Telfer all the way up to Winu, is like the now long extinct Large Woolly Mammoth…clearly the “big daddy” in the area.
Link works. All the middle ground (4 huge couloured segments) is all Antipa owned.
https://greatlandgold.com/wp-content/uploads/2020/07/PatCompMap_v6_18-07-20.jpg
Hopefully that works. Antipas ground is huge. There has been gold and other minerals found in 2/4 areas already and antipa has a personal resource of well over 4moz already from only two JVs. They have 3 JVs with Rio/Newcrest/IGO. All big boys and their current valuation per Oz of gold is under $30. The average in Australia is closer to $200 per Oz. If you want land acreage in the Paterson, they’re the only ones to go for. HUGE ownership!
Hopefully the link to the picture above works but if not just go to a GGP Paterson page and see how much land they own.
Antipa Minerals (ASX) - greatest play available in the Paterson for a reason. Their landholdings there are IMMENSE. Check out the ownership maps and check out the JVs. It’s been pushed on here before for a reason. Currently I’d say even more undervalued than GGP.
Also, I see lots of talk about “cash” for this 5% from Newcrest. I think people will be disappointed coz I’m sure Shaun said it was going to be like a “cashless” transaction. (I’m sure Timber or Dip can confirm this with the notes from the interview regarding the 5%) What I expect and hope for with the 5% is that Shaun will add funding to it and give it all straight back to Newcrest for our percentage of the capex. At which point we will be paid up till initial production. I don’t expect any cash to come into our coffers.
Blah blah blah blah…
Sorry, didn’t really know how else to start the message.
Time…time is a factor of life that we can’t control. Sometimes it works with us, sometimes it works against us…
There are many of us here waiting patiently for that magical castle in the sky…we are around, we are lurking, we are sniffing the gold as we see it rising from the depths of the earth…and frack me…it’s the proper depths of the earth. Aussies don’t like deep stuff…it’s like that conversation you wanna have with your other half, but…………the world doesn’t like…deep!!
As a collective, we have been here through the highs and the current lows, BUT…you know what? The gold ACTUALLY exists! Many an explorer have come and gone over the last 2/5/8/10/15/20 years…depending how old you are and how much you actually give a frack about the so called gold exploration world…coz, I’ll tell you now, before GGP…I didn’t give two hoots…frack two…I didn’t give infinity plus one hoots…BUT…since GGP hit HAD005…I have over the last three years learnt a hella, hella, hella lot about miners.
My derrière got handed to me on a plate “with sauce”, as in, royally shafted, as in guillotined with a blunt blade…from the duldrums of non existence to the heights of the fabled 38p…(we all should of sold, and bought lower, but we trusted the process!) - Do you know what? Only the supposed smart Alec’s and confident traders sold at the heights. I was not one of them…why? Why didn’t I take the small modicum of retirement GGP offered me?
Because GGP is special, oh so special, there is so many of “us” that feel attached to GGP and defend it with every being of our purile existence! New or old investors…”WE” as a collective have no idea how this will “turn out”…but in terms of possibilities…this is like backing a pack of wolves against a brown bear…we “should” win…and I have faith in the leader of the pack to see us through.
Yes, I have “lost” a fortune but I trust the process and I trust the so called “people” to see us through…Viva La revolution…viva la GGP…kisses beaches…
Don’t think we have to worry too much about Newcrest digging deeper and finding gold at Telfer. If it’s there it will be as deep, if not deeper than Havieron as they’ve picked all the low lying fruit already.
What Newcrest will be hoping for is a shallow ore body, like that of which neighbours Antipa seem to have found. That could be got to fairly quickly and dug up much quicker than deep ore bodies. However, it is still 45kms away so road/travellators and other infrastructure would still be needed.
It’s gonna get very interesting in and around the Paterson over the next 18months. Antipa seem to want to try and go it alone, but that could be a mistake. JV with GGP and we build roads and infrastructure together to toll process at Telfer. In this climate with increasing costs and lack of personnel, building another stand-alone mine in the Paterson could prove too costly all round.
So many possible paths and so many possible endings. It’s like a “choose your own adventure” book! (And we’re still only on like page 005 ;-)
Incentives are way better, like SD has now at 25p. Get there and then give the next incentive shares at 50p etc….way better for us and far more professional way of doing it. Directors NOT selling their incentive shares is just as powerful as buying some.
Guys, I don’t think we should worry too much about our directors buying shares. That’s more for small explorers that need PR. Shaun wants to turn us into a proper mining outfit. When was the last time a Newcrest/Rio director bought on the open market? Doesn’t happen too often at the big boys. Just let them get on with the job at hand.