Member Info for Jerryspaniel

Someone posted about takeover regs. Sorry I forget who. As GGP is a uk listed company it will be subject to takeover panel rules. Asx and Aussie rules dont apply as far as GGP are concerned.
Took me three goes to filter VC. Forgot he cant even spell his own name!

As I have said many many times. If you want a 5% div, just sell 5% of your shares.
Only ex growth companies should pay a dividend.

From my limited knowledge I dont think declines are spirals. More like straights or zig zags, depending how far down they want to go.

Desert, yes you are right. I stand corrected. I live next to a farm that breeds international show jumping horses, but I wouldnt know one end from another. I take enough risks in the stock market!!

And its sire was Irish......

Spooky. I read that it was over 1400m which is our depth. It was a maiden plate. This is a maiden mine for us, and obviously it was a golden plate.
First prize was only $12650, which would be a disaster and no prize at all for me. Unless it was per share!! :-)

Chinese are going to bid 50p.........Or was that a dream I had last night.

Mushroom. Isn’t that where all nutters live? :-)

VC, the guys you mention are hardly mainstream. They are, imho, fruitcakes and loons as someone once said. Probably live in a log cabin in Idaho with their shotgun loaded. Neocon isolationists. Maybe the Brecon Beacons is your equivalent??

Best wishes Cookie. I salute you!

Morning all. The great thing about the 5% is that it puts an independent valuation on the stake and thus GGPs valuation. This should underpin the sp.
One other thing that GH said some time ago was that NC are VERY interested in Scally. I remember him recounting a conversation with NC when he went through all their assets in the Pilbara and after each one they said 'and Scallywag', 'and dont forget Scallywag'. Seems that after Hav coming up trumps, they know they missed something there.
Great shame we cant drill it for a few weeks.

Christophe if you owned (say) a million shares and a million warrants and wanted to reduce your exposure to ggp, what would you do? Sell the shares or exercise the warrants and sell the the shares that the warrants exercise into?

Some people get filtered cos of rudeness, some for off topic discussion, some for ramping and now one for crass stupidity. Bye greedo.

You don’t say greedo. Well I am shocked.

But you still had an opinion about the farm in. You must be some kind of investor. I would love to have the other side of your trades....

I think you are right in that the benefit should be shared. But if you were employed by NC to make the case, it might sound different!!

Sorry that needs explaining a bit more. The gold at hav is more valuable to NC cos they have an orphan asset in telfer. But does that make it more expensive to buy hav for NC cos it’s an orphan that needs feedstock or cheaper cos it’s the only processor nearby and NC shouldn’t have to pay more cos they own a processor. Without telfer I am sure we would be talking <125.
That assumes that Rios will keep their processor at capacity from Winu.

I would agree with the calcs. The variable is dollar in the ground. Interesting question is who gets the value for telfer, the buyer or the seller?

Fully diluted. So add in warrants and options. 4206 about right.

Lenz. I am no expert on this but my guess is that they look at the size of the deposit, the hg zones, the geology, the structural complexity, the mining technique, cost of production, local taxes etc etc and put it all in the pot and try and arrive at a value per oz in the ground using recent comparable deals.
Your way is to go backwards from the sales value and maybe they do that too, but if I was the buyer I would want everything discounted significantly plus you have to leave a margin for the buyer, otherwise who would buy it?
A few years ago deals were done at 75/100 an oz in the ground. Recently they have been as high as 300. Jonathan Guy said Aussie deals were typically 2.5 X NAV though why I don’t know.
I was thinking 150-250. Now I am guessing 2-300. Why the rise? It’s bigger than first thought so some economies of scale and the au price is higher and deal prices seem to have risen. Hope that makes sense, it does to me!

Lens. The 5% is available at a fair price you are correct. But I haven’t seen how that price is arrived at. I presume some sort of panel of expects comes up with fair value and the buyer and seller can choose whether they accept it or not.