Member Info for Jerryspaniel

Malva, you say that because of hedging, the price received will naturally be much lower. Why is that?

Shaun has stated that he will use $200 OTM put options. Do you know what they are? If so you aren’t able to say with any certainty what the received price will be. If you don’t know what they are, the same applies. We might get $2500 or the market price, which of course no one knows what that will be.

Plus taxes will be modest given the tax loss carry forwards that Ggp has.

Not as simple, or negative, as you like to portray.

Wishbone. Virtually worthless unless it drills with success. Probably run out of money first.

Artemis. Not found anything. Drilled all the best places. Worthless.

Antipa. Needs to keep expanding Minyari otherwise will spend money and have to put in a call. Not worth A$100myn.

Ggp needs none of the above in next 5 years. Their problems, not ours.

SaS, yes I was agreeing with you.

SAS. Who knows what the specific direction of the sp is on any one day, but there is no logical reason for it to fall just because new shares are issued, on the 1st. Pis could have sold some of their current holding every day since the placing if they had too much, or didn’t like the price. Instos could similarly borrow and sell, but the company and broker specifically looked for sticky holders and no hedge funds, or flippers.

So all this ‘it will fall on the 1st’, isn’t backed up by any thought or analysis. Imo.

SAS. Answer is easy. Some private investors have more money than sense.

Cadia has a lot of copper. Thats why their AISC is often negative.

Maybe 14p not £14 Swazers. Which is a shame otherwise I would have £322million.....

Rumours of Agnico bidding for deGrey. Gold and silver marching on. This is the start of a very sweet spot imo.

Asx listing might be demanded sooner by Aussie instos if they lose deGrey.

Its a great day, Shaun.

Agnico bidding for deGrey?

Deals coming thick and fast now.

There are 500 employees and 1000 contractors who will transfer to GGP on completion of the deal.

It was in the West Australian this morning, and on X.

'We've got more than enough to keep ourselves busy for a long period of time'.

Bamps, re selling down the NM stake. He didn't say that was to raise cash at all. In fact it couldn't raise cash for anyone other than NM.

What he said was that there was a clause that would allow GGP to sell some of the NM stake to satisfy demand in Australia on the Asx listing.

Loggy, you are right. What will a shareholder who bought in the placing be able to do after October 1st that they can’t do now?

It’s very illogical thinking by Z.

Obviously I have no idea, but it could be just a question of timing. The CFO is probably flat out on six different sales processes and no time to look at anything else till she has cleared the decks. Palmer might be looking 5-10 years out?

But Newmont arent much of a developer. They tend to buy assets with shares, probably why the sp is lower than three other moments in its history.

Newmont are known in the industry as being a straight shooter. Honesty and integrity in an industry not known for those qualities. So if their CFO says they are done, I would tend to believe her.

They are proceeding with their announced divestments.

Of course if its not the answer you want, then you are free to ignore her.

Better cross that one off the list.

There isnt much logic to why October 1st should be a day when PIs sell or buy. Given that most/all PI buying at the placement was done by existing holders, if they have too many shares now, they can always sell some of their existing holding.

Likewise instos can sell now and borrow shares till October 1st if they dont hold any atm.

I am looking forward to GDXJ buying after Oct 1st, probably massively (and badly) on a Friday close, thus handing the market makers a nice earner, closet trackers of the GDXJ following suit. Then we have entry into the GDX, which should be a formality, and the GDX is much bigger than the GDXJ.

Next year we can look forward to ASX listing, entry into the ASX300 and the Aussie Super and others piling in.

Add in a strong gold price and some shorts getting squeezed.

Its like watching a great movie when you know the ending....

I hope that the interview will draw a line in the sand as far as bashing Shaun over the placing price. He had no control over that and was effectively screwed by the players in the London market. That’s not to say that the players in Toronto, New York or Sydney wouldn’t have stuffed him as well. Once Shaun told the underwriters that he needed US$325m, they had his nuts in the wringer. His decision was that the deal was more important than the placing price, so he had no choice than to accept the 30% discount. Not nice but what was his alternative?

The gold and to a lesser extent, the copper price will decide whether this share trades higher and by how much. There is a potential wall of money that could be thrown at miners with large production and cheap costs, but that will need to be unlocked by having a higher gold price that effectively forces mainstream investors through FOMO. Pick your gold price target and pick your share price target.

The stuff that I will be watching out for going forward will be:

When does Shaun implement his hedging strategy for Telfer?

What form will the hedges be?

What does the Havieron FS look like? Production profile, work to do, costs etc?

Is there a plan to increase Havieron production, through conveyors, hoists or a second decline?

What is really going on with the LCA?

How much exploratory drilling is going on at Telfer and when will we get the results?

Are we still planning on doing exploratory drilling at Havieron with drilling from inside the decline? If so, when?

What is the plan for the ASX listing? Fund raise? Winu deal?

Which Aussie instos bought in this placing? Which other ones are restricted w/o an ASX?

Who is getting the bonus shares, and options?

Are any of the directors options being repriced? Hope not!

Are Wyloos options being repriced? Ditto.

Has there been any decisions on the rest of the portfolio, some of which might well be deminimus now?

What is the exploration program for the next 16months?

Is there a plan for O’Callaghans? The Antipa stake?

Plus I would think another 100 questions that might come from any of these answers.

The best things to come out of this deal is that we are in charge of own destiny, we are levered to the rising gold price and have great margins, and we got this at an excellent price.

The worst thing? Well I have had to put some more money in and my timeline has stretched out a bit, well a lot actually.

Shaun is managing the business not my personal wishes!

Depends on the gold price. So assuming that my mate Speedy is the fountain of knowledge on gold, I will guess 13.65p. 😉

QF, they are sellers not buyers.