Member Info for Jerryspaniel

TT are you coming to the TH on Thursday? Would love to meet up.

Emc2. Dilution isn’t the issue of more shares.
It’s the issue of more shares without a corresponding increase in the value of the assets. You can also have eps dilution and accretion.
Today if we bought a company that made one penny a year for 500 billion shares, it’s eps accretive as we don’t have any earnings atm. (I realise a silly example, but sometimes it helps explain things).
In the potential situation of an acquisition of Telfer/havieron I would expect any deal to be (obviously) eps accretive, but also nav accretive too, despite the issue of a lot more shares.
I think that’s my last on the subject which I am sure will please quite a few.
See you at the TH on Thursday.

EMC2, your 9.12 post. Without looking through all of those corporate events, I would guess that every one was dilutive, as I dont think any of them came with a rise in the value of the assets in the company.
It further strengthens my view that there arent many on this board who understand accretion and dilution from an asset and liability point of view. Fortunately Shaun does.

Just opened an account in IG. Dead easy. Now to get HL to transfer the shares in specie!!

It’s not dilutive if the asset increase is greater than the shares in issue increase. It’s accretive. The asset per share will go up.
You think a deal would be dilutive. Why would Shaun propose that? Why would you be a shareholder if you thought that?
The reason I talk to you as if you have no understanding is because you say things that lead me to that conclusion. But that’s the last I will say on the matter as we clearly don’t agree.

Not really CP. if you issue more shares without increasing the other side of the equation (the asset side) then I agree. But if you have a bigger increase on the asset side than the liability (share) side, what exactly has been diluted?

CP could you define dilution?

CP, no **** Sherlock….as they say….

If you think that Wyloo might go hostile on GGP you might need to explain why the FMG BD team went to GGP and not Wyloo, who are in the same stable after all? Barnaba would probably have to resign and maybe Gaines too.
That's not to say that if a third party tried to buy GGP, Wyloo wouldn't play the white knight role (assuming we are still allowed to say that?).

Bandit. Arrogance or confidence? Just a matter of opinion as you say.
I have a view how this can be done with massive accretion to current shareholders. This is based on some facts, some press articles and a few things that I have picked up over the last few months, some of which I have shared with people I trust, and they have shared with me. At the beginning of last month I laid it all out for discussion, though probably not on this forum as its a bit noisy for my liking. Next few days will be pretty interesting I think.
You gotta have the vision!

I find it quite sad that there are so many tiny investors who cant see the massive opportunity in front of us. To increase Havieron by 10/3 and to take Telfer the mine which is nicely cash flow positive atm, and to have the processing plant and the cost synergies that that will bring plus a nice bit of cost cutting by our CEO (no more 4X4 vehicles for the non mine personnel!). To get back the JVs and become THE player in the region will all be worth a lot more than dilution. It will only be gross dilution, not nett dilution of course as the assets will be worth far more to GGP than the increase in shares in issue and extra debt, but I have said this before.
No wonder Shaun wants more instos and by inference fewer tiny tiny investors.

is quoted in todays Mining Journal as 'lining up global bid targets', for those of you that like a rumour.
And for those that think it might be FMG, I doubt it. Last month they transferred their Business Development team to GGP.

Dip I would say that is my second preference but a nice outcome too.

Shaun doesn’t have to have something to announce each time he comes over. Maybe, maybe not. But he does need to see current and potential institutional investors regularly, maybe three or four times a year. He will tag a TH event onto that cos it’s good investor management. He will probably need to see majors, banks and lawyers whilst in London, but London isn’t the centre of mining finance it used to be.
Not sure why anyone is bothered by Borelli. My guess is he will be gone as soon as he exercises his options. Some smaller PIs may not like it but the future for ggp is more Aussie centric, more growth, and more equity issuance. But every deal will be accretive so what’s not to like?
I think we may have a big fabulous deal in the not too distant future, probably requiring an ASX listing and issuance to local instos.
Ggp has a fantastic future but it may not be quite what some of you want, which appears to be nothing beyond 30% of Havieron.

Terry, from your nonsense of yesterday, I would wager good money than I know way more than you do about about Newcrest. I have plenty of experience of takeovers too.
Mine is an opinion, as is yours. I just think mine has a lot more credibility.

Quady, my guess is that there is about a 50% chance of them selling, versus about a 10% chance of them buying. But its just a guess. NC dont have much of a future, and if they escape NMs clutches they will be selling assets imo.

How many times has he come over, and how many times when he has come over has he asked for money? V unlikely.
Just routine to see institutions. At least one UK based Insto has invested in past two months. Maybe two.

years away.

Cant believe that I am about to say this, but Quady I agree with you!
That RK post is one of his more daft ideas. To think that NC are giving much consideration to its stake in Solgold is quite preposterous. They have given no clue that they are thinking about a poison pill, but a lot of clues about getting NM to just upping the bid a bit and they will go quietly. Its a very strange attitude by NC but when you have so little support from your institutional investors, you really dont have much future. They are definitely sellers of assets, not buyers.
There is a lot more chance of NC selling its stake to BHP and they launch a bid, though I wouldnt rate that highly either. IMO!

Bablake, I am glad you are getting to see the real big picture. 2023 will be a fun year, and 2024 may be better still.