Member Info for howezap

I find that most of the disrupters posts on the board are actually factual, to the point and also very informative.

I just don’t understand why the green font!

I do get you, is wishy washy on surface but this has the potential to see multi million dollar returns and don’t believe Colin was ever going to have it all on his terms. I am definitely no expert on legalities though, but again with comparing SK deal structure to any other of the Cooperlemon JV’s shows a higher level of confidence from them if SK viability you could argue.

Hi Jackbal you seem to be hanging on to that one really tightly. The deal imo is simply structured that way for simplicity. CL are not going to take the controlling interest, ‘but’ if they did, the deal is reciprocal so XTr would still revert back to 50% of an eventual sale.

The reason Colin gave as to why CL insisted on the JV reverting to 50% on a sale was to discourage a quick sale as ‘I believe’ they consider SK to have huge potential.

Ok Billy I’ll have a crack at that with my Colin thinking head on!

As just updating may only be a consideration and not a necessary requirement, unless it would be price sensitive information but even then. What we do know is that we have income coming in into ‘28 and projects taken on with the intention of maybe supplementing that income before it ends, during and/or thereafter.

So while there is no need to raise capital from the market up until then , just as there has also been no need to previously raise since ‘20 Colin probably feels he has no need to spoon feed investors until there are significant or material results worth reporting, such as from the SK drill phase.

I don’t see this lack of PR or reporting can be sensibly viewed as anything other way than a really positive sign that the company is running sufficiently within its means with surplus income over expenditure as shown in the last audited financials.

Investors that believe in the company stratergy are in this looking toward future M&A activity to see value being returned on their investment, not through ups or downs in even the month to month share price.

Other opinions are available to suit your own agendas and personal investment strategy of course, that goes without saying.

No intent to insult anyone Jez, was more poking fun at myself and how any kind of effort to form constructive debate always ends up with the same ad hominem behaviour rather than just challenge my opinion or offer their own take based on what those RNS’s tell you, or, just follow the gort

Billy my dear friend, I worry about you I thought we were discussing SK, I think you may have Pneumonia. This lung infection can cause confusion, especially in older adults, along with chest pain that may feel like rib pain.

I shall crawl back under my rock and try to be a better disciple.

Had looked back at the last couple of SK RNS and based it on what was reported jez.

In the old days when people couldn’t understand why things happen or what was going on, they just blamed it on god!

If only they’d read the RNS 😜

Oh so this is part of your plan to encourage folk to pay more attention. Genius.

Really?

Could I politely request that some members stop starting new threads for discussion every time they post something, when a simple reply to the previous post would probably suffice.

‘Us’ that try to view and use the board in thread view to separate or filter certain subjects are getting really fed up, making the board even more unreadable, on top of all the repetitive parsley and forum fodder endured.

Between drill phases currently but other work continues. 1st drill phase completed and assays returned allowing the company to produce an initial non compliant resource for internal purposes to allow preliminary mine planning. Although, more immediate plans to start mining have been put on hold while they get a more detailed understanding of the area first.

Prep work for road access and drill pad planning was highlighted, all work to complete this was expected to take several weeks so likely still ongoing.

Further soil sampling was planned and the VTEM equipment has hopefully been returned back to site from other Xtract property, to carry out further surveys which could be being carried out now too. Or not as Xtract’s do have the vast WF acreage if Kakuyu was not the, or the only focus.

Next then is start of a 2000m drill phase on the adjacent target to the main pipe structure identified in 1st phase, when accessible and potentially pending any of the further, if relevant surveying responses.

Sit on hands time again for now, until next news drop being start of 2nd drill phase I would say.

Bamps, thanks for pointers on those few you highlighted. Can see why you would favour Grace. Currently, looks uncomplicated to mine from surface, compact ore body that has high grade oxides that report to surface and mett test recoveries look decent toward a small starter mine. Main ore body under approx 100m of cover. Ticking all the right boxes so far!

The harsh reality of this global economic 5hitstorm for juniors with decent projects is their inability to access the usual route for funding via capital markets without huge dilution. Could be partnered on favourable terms to GGP, but more importantly that lowish risk profile of the project could warrant an earlier than usual JV.

This news would draw a lot of focus to the region potentially by kickstarting a frenzy of further M&A activities to see a lot of outside cash flooding in and being invested in the drill bit essentialy over Greatlands big monopoly board.

Hi Napthman1 Don’t view my musings as being a negative on either Antipa or WSBN. They will both do very well on the coat tails of Greatland through discovery. And shareholders of both those companies will also benefit through the other companies new discoveries in the region creating investment opportunities for both. It is an exciting time to be well positioned in and around the Patterson depending on one’s own appetite for risk, along with a firm exit stratergy.

Typically on the initial spike with a proven discovery, then leading up to the first real milestone in the release of a JORC, after if you are braver. I say JORC as an MRE could be just an internal estimate

Nothing wrong with a side hustle if it has a chance of a good exploration story to attract PI’s in.

“Looks as though Wishbone and Antipa are fighting over an old discarded Carawine licence to the north of Telfer”

Neither of them have an income to even meet the minimum expenditure commitments on all the tenements they have already or are trying to secure, without coming to the market with their begging bowls or giving away a lot of what they do have to JV to progress toward finding any anomalous targets and then some. But as long as they have that determination can only be a good thing.

The area surrounding Telfer is prime real estate, highly prospective due to the well established metallogenic architecture across the region.

Both are desperate to position themselves and equally both will be competing with one another over any sniff of M&A activity by Greatland in a few years.

Having a diversified portfolio, also works for company asset holdings. Through multi commodities, size, jurisdiction and assets at various stages of development.

So it’s not necessarily even a race to be the first to show a potential or viable discovery, as Greatland can just sit back and wait for whatever is out there to be periodically de risked and then handed to them on a plate if it fits in with GGP minimum economi and CapEx payback targets.

Having two determined companies competing with one another for bragging rights is as good as it gets for Greatland.

Victor, are you trying to rally some interest over on OMI board?

Victorocto- ….get yourself over to the GGP bb and feel the excitement building with a gold producer imminently to release bonanza grades at Havierin <

Please don’t, but if you are trying to stir up the hornets nest over there , all you need to do is explain that with a primary flagship asset as in their Anza project in Colombia, jurisdiction is absolute paramount in mining investment and that

while Colombia is working towards improving the safety and regulatory framework for mining, the ongoing presence of armed groups and human rights issues complicate the situation. Companies considering investment in Colombian mining should conduct thorough risk assessments and engage with local communities to navigate these challenges effectively.

That should do it, if is just for revenge for the cross ramping being posted here that are swiftly deleted.

I’ll add to that ntm if I may,

The fastest 'orse wins the Guineas 🐎💨; the luckiest the Derby 🍀🐴 – and the best 'orse wins the St Leger 🏅, but everyone, should back the ol’e pit pony with his rock-in’ ‘orse at Ascot 🧨📈🚀🏆

“repayments will not be made ‘until’ Havieron cash flow generation, stated clearly in the Greatland base case”

‘Not’ stated, (check twice post once) but usually there is a grace period, I don’t believe details of any specific terms have been released as are just letters of intent to lend.

But my point remains, plus they can use any working capital elsewhere.

There is a saying in mining that, “it’s not what you have, but what you can prove.” This applies in a couple of ways here, firstly showing consistent revenue generation over consecutive quarters. Secondly on delivering the optimised DFS for combining Havieron and Telfer as It will give a development roadmap for timelines, budgets, and operational plans with ‘all’ optimisations included having been validated with detailed costings to advance to final development stage.

Firstly, I think there is bit of a misconception around wether the BOD will want to wait until there is enough in treasury to fund Hav development in house without using the debt facilities. No! ‘Regardless,’ of whether development costs are borrowed in full, part or not drawn down on at all, capital costs ‘still’ need to be paid back to Greatland Pty Ltd, the subsidiary that holds Telfer and Havieron assets, the costs are not just absorbed by Greatland Gold plc. (Put simply)

The sooner this integration can take place the better as it brings with it that very low cost structure it will drive a higher margin, higher IRR and faster pay back toward higher free cash flow generation.

Also worth pointing out, that any loans used toward Hav development, those repayments will not be made ‘until’ Havieron cash flow generation, stated clearly in the Greatland base case, with those repayments also likely being tax deductible too.

As Dip rightly stated in earlier post, development is not without risk, so why would they not want to use the banks cash to mitigate risk against any development delays. Sharing that risk burden would be far more prudent and highly likely in my experience.

Last few days I’ve heard about the in and out method of investing, I like to refer it to as the okey cokey stratergy. Now we have the master investment stratergy of hindsight. Is there in internet course on it ?

a lot of what came out of podcasts regarding br was fed to cb by jeremy reid who was the project director. cb through his own words was, “on the phone daily to him or the team” getting continuous updates. jeremy soon stepped down and probably ‘moved on’ by the company for ‘his’ bull**** as br was his baby from his aa days where he was head of their exploration arm.

think about it, colin even cited jeremy from a conversation they once had with jr telling cb “this is never going to be about wether there is enough tonnage (rock) or not”

what else was he told regarding potential grades by jr if he had any kind of agenda

colin is no expert on porphyry grade or type deposits where ‘usually’ a geologist that specialises in these mineralisation styles are specifically bought in for their expertise. qui ntain hills was the lead geologist then and who is still working for the company as he signed off the last technical report for nsw titles. he probably just did his job and had nothing to do with marketing the project.

cb is a company boss it’s in their nature to exaggerate their projects, he is not the first and won’t be the last but the fact show that since the disappointment of br, cb has been very noticeably more pragmatic in his approach when talking about projects.

not saying cb’s an angel or jr was feeding him bs on grades and tonnage but i’m sure there was something in what i suggest happened.

too easy to point the finger of blame without knowing all the facts of which we will never really know.

Ntm even though the NOMAD has a responsibility toward market engagement from the company in the form of company presentations or updates etc through official channels that have to comply with listing rules, but the nominated advisor responsibility doesn’t extend to PR marketing via means of podcasts or what a board or company member says privately. Disclaimers are always used before articles or interviews are released to warn investors of the validity of the content.

Their compliance in officially reporting facts, I’m sure has been nothing but exemplary.