Member Info for Jerryspaniel

Maybe thats what Q meant by production? Then he can turn 5 loaves and 2 fishes into a working mine by 2026?

Good morning socialist. I really don’t care about the sp or consolidation. It’s the mkt cap that interests me. That Shaun has good reasons to want the shares in issue, lower, is interesting and relevant to me. Some institutions prefer to have a sp between say 50p and £5, some PIs like to own millions of shares. Cos it makes them feel good. Sadly some PIs have an in built hatred of companies that do consolidations. This is because they have owned some dog stocks that are on they way to bankruptcy. If you think that of Ggp, then you shouldn’t own any. If you don’t think that, then you shouldn’t really care from an economic perspective. But investing is often emotional for PIs. Something that I don’t really understand.
So if I had a vote I would do a consolidation that gets the fully diluted number down to 500m, whatever that translates to.

Top work Donald. Gets better each time.

Probably unlikely GGPT, but possible, and certainly not the daftest thing I have read today.
And to blow my own trumpet I seem to have been spot on so far....;-)

GGPT, I wasnt suggesting trucking Winu low grade to Telfer. I was suggesting trucking Telfer up to Winu!!

Bamps, Dip has a very good cake analogy is you are still struggling with accretion vs dilution.
Not sure I understand the paste issue. If the plant is at Telfer, ore one way, paste the other. If the plant is nearer, same thing but shorter distance.

Apparently rail wont work - dont know why.
Anyway it wont matter cos half of Telfer is going up to process the copper from our new Winu mine!! :-))

TT. Under promise and over deliver...

Loggy and others. Results are 6 or 7 weeks. This time 7 weeks, so next week. Nothing unsurprising at all.

Antigua, I am sure you are right. GH did as best as he could. It just wasn’t very good.
He did say if we go mining, I will be gone before then. Would have been better if he said if we have to write a jv agreement, I will be gone before then! The ultimate pumper and dumper. But it’s just a personal opinion.

Well said Zoros! CEOs run the company not the sp. If the London market is unable to see whats going on and the Aussies are chomping at the bit to invest, is it any wonder that an ASX listing is considered? Of course that might be the CEO managing the sp.... Or just managing the company.
And Naylor infers that Shaun isnt doing 'proper communication'. Please name anyone better?
As for any JV with NC/NM, as long as Gervaise is nowhere near the document we should be ok. But I would rather not see one at all.

We wont want/need to JV with anyone on Scally. The cashflow from Havieron will allow us to keep it all to ourselves. I think this may keep Shauns eyes from watering for quite a bit longer.

I am no geo, but they were a lot better than I was expecting!

If you are concerned about the wording of the JV you should definitely pose the question to Shaun, and also add in is there any way that NC/NM can frustrate the current building process/speed.
I would expect that GGP will have thought through every possible scenario and have a plan for it.

Sand, change of control with right of first/last refusal only works at the asset level. Change of control of the parent just means that the newco inherits the jv.
As for the catchme question. Nil.

First rule of investing, trust the management.
I broke that rule when I invested as I have never trusted NM and I have had 20-30mins talking to him one on one.
But I am glad to say that Scott is a breath of fresh air. Not sure I could say that I trust him yet, but I can definitely say that I dont not trust him.

Pernickety. Cant argue with any of that.
Its the strangest bid defence from NC that I have ever seen. They say they dont want to be taken over at 0.38 but do virtually nothing to suggest they have any other plan. If NM lob in a bit of cash to sweeten the deal, I think NC are gone. Then its just a question of whether NM want Greater Telfer or not.

NS, No it wont be. June quarter unless delayed by the takeover bid.
He has to visit regularly to see the institutions who are invested and who might invest. Cant do more than 4 a day in my experience. Also he was in Miami last week watching Sherry bore the pants off the world.
He will always tag a TH meeting on to his visits as London is his core shareholder base. IMO!

Good evening Colonel. Actually I do think NM want copper if I have heard their ceo correctly. But there is just so much that they will need to do Alpala will come at a bad time. Two years time it might be different but I don’t think anyone wants to wait that long.
With regards to havieron, don’t worry, it’s all in hand.

If NM get NC, and I think it’s odds on that they will, i think they will have their hands full with the further developed assets in the joint portfolio. So my guess is that it will be sold to the first person who offers a mkt price.