Member Info for Jambo813

It just as easily be a reminder to the impatient & nervous that nothing has changed and a reminder we are in an offer period which Is beginning to last longer than average .

Cash or shares does not matter. What does matter is the buyer needs to do issue a similar notice

I considered that myself and still do but the longer we go without hearing the results I am still open to other reasons

Of course as the meeting starts at 4pm in Russia they could wait until their market has closed and then make an announcement in time with a release from EUA

Not par for the course to announce anything that is price sensitive in the middle of a company meeting when your shareholders cannot be at their desks to respond, so forget all this talk of the RNS dropping today.
Yes, I may be wrong but really cannot see it done this way.

Absolutely correct GG

TMT, respect and best wishes to you and yours.

Seen it all before on GGP, if they do not have the shares they will have borrowed them. If so , expect a pull back while they collect cheap to close the loan return trades.

I am going to trust the board who have taken us so far.
Back to business.
SW results to look forward to
MRE from NC to look forward to
2021 lots more to look forward to to
Toodle Pip

I may be wrong but is the negativity partly justified in that the JV Terms is only because we are giving up the 75% only to drill and prove up to the same point at which we did for HAV. If we get that far again and and presumably start a similar 4 stage process and have to share pro rata costs then surely by itself is not as good as the HAV Jv

The only ones disappointed with no placing is the MMs as it is them who take up the majority of the shares
That is one of the reasons they have ammunition to play games as some put it.
GH granted said he would have no trouble raising funds on the markets but that would have been with bond holders who likely would have great control and they have one option always and that is to take advantage on any sticky situation by doing over the ordinary shareholders.

Agreed but the more complexity around in announcements there is then no harm in people asking questions. Cannot blame ex SSX shareholders for looking for pitfalls ahead and if the more knowledgeable can counter any doubts then all is good. Thats what makes fir a good board here.

Let’s wait and see what the Scally results tell us. If no good then all falls into place. I am leaning towards they were not as good as all hoped for.

If GGP are expected to repay on a quarterly basis 80% of our net production proceeds I am a little puzzled by this as assumed once in production we would be earning
Enough on a quarterly basis to pay it off in one quarter

o Scheduled quarterly repayments of the loan(s) will occur once production commences at Havieron with repayments comprising 80% of quarterly "Net Proceeds" (revenue from sale of Greatland's share of JV product less statutory royalties, royalties payable under the JV ILUA, all charges paid by Greatland under the Tolling Agreement with Newcrest, and Greatland's share of Joint Venture operating expenditure for that quarter).

o Greatland may prepay all or part of the total outstanding loan balance(s) without premium or penalty at any time.

To answer the original question if it was a renounce able rights issue they would be tradable. So you could sell your rights that would be priced at the higher end of the difference between the subscription price and the value of ordinary shares at that time. If you did not sell them they would be sold after the issue closes and you would receive any cash value over the subscription price less a small fee.
If non renounce able they lapse if not taken up..

To answer the original question if it was a renounce able rights issue they would be tradable. So you could sell your rights that would be priced at the higher end of the difference between the subscription price and the value of ordinary shares at that time. If you did not sell them they would be sold after the issue closes and you would receive any cash value over the subscription price less a small fee.
If non renounce able they lapse if not taken up..

Spy, I do not believe for one second RIO major shareholders would entertain any justification for buying a 30 b company if the principal reason is to get their CEO
Particularly when said companies SP has not performed that well in the last year. So madcap a reason that if the offer was for shares in RIO I think that would scare the hell out of NM shareholders no matter how attractive the exchange terms were. Even with new RIO shares worth more than old NM they would worry about the mentality of the RIO board .

Ah the lawyers in at end of the process.
No, they will be holding the proverbial hands all the way through any discussions with all potential buyers until the last one is standing.

If and only an if, NM have a better sight of GGPs true / potential value to them with HAV and any other licence AND are playing a strategic longer game regards securing our assets. Any move by Sandeep to RIO will IMO trigger further JVs or a complete buy out as they would be looking to achieve maximum returns for NM shareholders

If it’s what we all think should EUA board not be doing similar as the other side ?