RE: 2p inbound31 Aug 2022 00:56
DA:
Re: 'I made my point about ggp earlier on on why i think its a sell, '
First and foremost, do not talk your own book!, we ain't that stupid. Where is your , 'In my honest opinion'?
Are you part of the JPM boiler crowd.? I very strongly suspect that you might well be, given your initial Deramping post of 2p inbound title..
I don't think it's a sell so not sure why you think do,. Why sell now at a loss? what's your rationale for a predicted SP of 2p?
Havieron is not a Greenfield project , it's a Brownfield development ,with most of the infrastructure already in place and is eagerly awaiting gold and copper ore from Havieron, so ergo very much largely de-risked.
I think I can see now what you/JPM are really betting on. That the DTM is not going ahead ? GGP will not obtain finance?, all doom and gloom rubbish. Yes there's always a risk but it has to make sense and have a rationale.
Why would NCM back down at this juncture?, that's not going to happen IMHO. How on earth would SB explain that to NCM shareholders? So sorry peeps, NCM must now close Telfer and scrap the plant???
Absolutely bonkers, makes no sense, given the URGENT NEED to bring more cash into NCM coffers to assuage NCM shareholders for a much improved dividend. SB would soon be out of a job,IMHO.
The fact is GGP are already half way towards being a co 30% owner of Havieron, after the recent equity raise.
Term sheets for bank debt finance etc already , the decline progressing well if you care to DYOR on those topics.
Re Term sheets, courtesey of Bottle Rocket off the TG group.
'Greatland is concurrently progressing advanced discussions with several Tier 1 'Main Street' global banks with the aim of providing additional funding, through a debt package, to the Company for the development of Havieron in the medium-term. To date, the Company has received several credit approved term sheets from banks and discussions are ongoing. The Company will continue to update the market on progress as appropriate.
Google : Credit Approved Term Sheets
Also, have a read of the many interviews and videos that SD /GGP have done.
https://www.ggpchat.co.uk/viewforum.php?f=54
I actually doubt that you have not really been following the GGP story in any detail, because you seem to me, to show a lack of knowledge of what has already been declared /achieved/discussed by SD/GGP over the past 12months ,Re 'The Transition Phase'
Need to get to speed, and IMHO ignore the current SP
I will not be selling any of my shares, despite the fact of a current paper loss ,because I don't need the money right now and truly believe that GGP will be going mining and eventually be cash positive. So no ,JPM nor your ilk are NOT getting any of my shares:O)