RE: NCM - can't live with them, can't live without them1 Aug 2022 20:03
Hi Zoros,
The way I see it right now it’s all about cash and timing.
For GGP: The cut off point for NCM to purchase our 5% is the 01st September I think ,and then we move forwards getting our own finance sorted when taken up.
If for some reason however NCM do not follow through on taking up the offer… you then have to ask yourself why would that be?
Re Telfer extract Re: Dips Notes
Well today in the D&D’s event Fraser McCorquodale, general manager of exploration from Newcrest Mining, let it be known that they are going back into Telfer ground to look again.
“So, applying the Havieron model is actually opening up the Paterson again. And it's something we're applying on the interior ground and the Greatland Joint Ventures as well as our own 100% ground.?So we're actually going back into our Telfer ground and are looking at that right now.??So that's our story and now in our existing provinces.”
What will GGP do if NCM do not purchase the 5%, we will have a slightly larger Capex exposure but would retain a 30% share.
All well and good but we need to secure our finance ASAP IMHO.
All conjecture on my part