The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
No, it literally says this.
“ Newcrest has issued a notice to Greatland informing it that Newcrest would like to begin the process under the joint venture agreement to seek to agree the option exercise price in the period to mid-February 2022.”
It could come anytime between now and the end of February. Shaun has said it will be February.
Absolutely won’t be December 22 for the MRE2. We may have further upgrades to the feasibility study later in the year or even an MRE3 but none of that has been confirmed.
Spade, I think that’s a little unfair in your assessment of newer investors, the early holders are sitting on their profit because of later investors investing in GGP for what should have been a fantastic investment, currently, they could be circa -60% for no good reason.
Surely the MRE calculations are well underway and all directors and the board are now heavily involved in the FMV Calculation too, both are massively market sensitive so I’m not expecting any director dealing RNS until at least late February.
End of February, 25p+ end of the year 40p+. That’s if we’re not bought out before hand which I still think is a strong possibility.
Remember…
February we have an upgraded MRE with nearly all of the current MRE being updated to indicated with the rest of the new resource being additional inferred. In February, we also have the sale of 5% or at very least the value being attributed to it. I’m expecting soon after that figure being released we’re going to find a m/c value at x5 that amount as I believe that’s how the market is going to view it in the short term, rightly or wrongly, it’s just my opinion.
Pushing forwards into later on in the year..
We have a sustainability report, this maybe not much influence with private investors but will impress institutional investors.
The feasibility study, which I’m hoping will again have an upgraded resource and an updated rate of production, 50% increase in tonnage to telfer should have a large impact in my opinion and better economics (not that it could be much better!).
We also have the decision to mine, I believe both Sandeep and Shaun have quoted it being the worse kept secret in the industry that Haverion is being mined in double quick time, this is just a box ticking exercise and although I don’t think this will have much of an impact from PI’s but I firmly believe this will open the floodgates to more risk adverse institutional investors and the larger money.
I think 2022 has all the hallmarks for a cracking year and I really hope it does as I need to sell my shares this time next year!
The share price is completely detached to from what the asset is worth, the placing at 14.5p will have no bearing on the calculation for what gold we have.
A lot of people are also overlooking the fact Newcrest are a target themselves, their SP is at two year lows, sitting on fantastic assets and a very bright, debt free future. If they lowball our 5%, they’re down valuing themselves too.
Hydro, I’ve just been through a lot of northern stars RNS looking for changes in directors interests and it seems Shaun doesn’t buy that often so you may be right, he probably just sits on his options and buys at those levels rather than open market.
One thing I did stumble across was how brutal NSR can be and therefore Shaun if needed, if you scroll to September 2019 and look at the acquisition of Echo RNS, they didn’t give the Echo shareholders much choice.
I’ve taken particular comfort in knowing Shauns been a part of pretty hostile takeovers, I’d much rather he knows that side of the business whilst we’re in what I thought was a bit of a rut and pretty vulnerable. Equally, I’ve scoured through Ncm’s RNS and it isn’t how they operate from what I can see.