It must be hard work looking for the material to subtly sow FUD when huge tier 1 investors with stringent due diligence processes and the entire globe to research for investment projects, opt to invest AS$320M based on a Pre Feasibility Study on a fraction of a fraction of a discovery.
Tough times indeed - helps if you don’t refer to any of the positive facts but that is the path chosen by FUDsters…….
Another direct quote from Shaun Day’s interview with GGP Help on 3rd November;
”…..personally, I've always seen that the decision to mine was really made back in February 2021, when you started development that's the point in time that a decision to expend CapEx was made…”
AS320M funding commitment seems to imply, these tier 1 investors (doubtless after exhaustive due diligence) agree with Shaun Day;
• Wyloo Metals
• Australia and New Zealand Banking Group Limited ("ANZ")
• HSBC Bank ("HSBC")
• ING Bank (Australia) ("ING")
Waiting for Culpepper to respond with yet another tortuous post which will doubtless adhere to a tried and tested format ….like reading a pattern for how to knit fog…..always with one FUD factoid presented as fact.
Probably nothing………lol
Culpepper post 08:58;
“…. Mr Day will have to go to them again ( or issue equity maybe ) when he seeks to fund under the new study…..”
Shaun Day direct quote from interview on the record with GGPHelp held on 3rd November 2022;
“ It's good but people should be confident it's going to continue to get better, even if we can now, you know complete a study that captures more of the optimization, that captures more of the drilling. And shows that increase from 2 million tonnes to 3 million tonnes (per annum), which is a 50% increase, albeit I think there should be an expectation that if you increase the size of a mine by 50% and there is clearly some inflationary pressure, I think there should also be some expectation that that will come at some cost.
But I'd like to highlight that we kind of planned for that. We went out there, we did the equity, we did the debt, we didn't fund the PFS, cost of CapEx, we funded our view on an enlarged Havieron and gave ourselves a really neat buffer. So, I think that in essence the benefit is seeing a better more realistic Havieron… is a better outcome for shareholders.”
“Hived themselves off”
I saw the set up of and migration to GGPHelp as a direct response to this (once reasonable and balanced) forum becoming overwhelmed by trolls and those seeking to deliberately sow doubt and fear.
The other group maintains a healthy discussion and posters are expected to support views with data/intel - disrupters still emerge time to time - easy to spot as their posts tend to be vague negatives, deliberate misinterpretation of information etc.
rbrand
I visit less than you primarily due to twats like you.
If you haven’t read the 38 pages how do you know the quality therein?
If you hold ( lol) - what on earth made you undertake such an act of madness? Pity me, investing in an asset that Wyloo rate as “ world class” and “ one of the best in the last few years”?
I sleep better than you obviously do, you poor fretting lamb.
Get out while you can ( probably need to get in first).
I said Telfer margin was minus
Suggestion for the trolls peddling completely, absolutely baseless and unsubstantiated FUD ….
Read the latest NCM quarterly report and note the Telfer AISC for latest period vs peers….
All-in Sustaining Cost Margin for Sept 2022 quarter;
• Cadia +$1,591
• Lihir. +$ 262
• Brucejack +$ 725
• Red Chris -$ 68
• Telfer -$ 197
It has - check the GGP company website
Same as you think…..sober
Powerful, compelling and I am overwhelmed by your surgical disembowelment of me.
Bahahahahahaha
Tymers.
Only my second visit since the half year point.
Some things change, some remain the same.
He truly are an objectionable bully. Limited vocabulary indicating limited intelligence.
You scowl, Nick, patronise and portray yourself as a financial sensei (look it up).
If you were that successful, why the hell do you spend so much time involved in mental masturbation on here?
PaSB so your pen and ink sketch over a dozen guesstimate lines vs 3 broker notes with detailed calls and rationale coming in between 18p to c.26p and all flag huge upsides.
Added to this 3 huge tier1 banks see fit to lend AS$220M and Wyloo to invest AS$120M.
Hard to choose which to believe………ffs
PaSB you missed the point re the size of Havieron compared to Telfer which has been mined for 35 years.
I sense the big money arriving sees the life of mine potential whilst those with agendas ferret around looking to find anything they can to discredit and unsettle.
I sense posters like you have done your job and scared off the uninformed or vulnerable.
I would love to read concrete and evidence arguements against holding GGP. Ball in your court to put in a bit of effort.
My first visit in months.
Good spot Spades.
One thing that stands out is it is a summary of documented and verifiable facts many which have been referenced in mining and financial media coverage.
Contrasts rather starkly with the vague FUD posts which lack supporting evidence (because it isn’t available).
Back in a couple of months or so when we will have had NCMs quarterly exploration report and another GGP interim. Decline will be beyond 1km in the NCM update and I am confident the drills will have been hitting also.
ATB
KP
Malvolio.
If you want to spread FUD, don’t assume all posters on here are as foolish as yourself.
Simple reference to GGP website, half year results as at 31/12/21 shows;
Borrowing: US$ 20,149,282 (from US$ 12,189,790 6 months prior)
Of which consolidated interest was US$ 933,650 ( from US$ 264,436six months prior)
The above amounts owing relate to a loan agreement with Newcrest Operations Limited dated 29 November 2020 in respect of the Havieron Joint Venture.
The loan has two parts being Facility A and Facility B with values of US$20 million and US$30 million respectively. Facility B came into effect in October 2021, when the Stage 4 commitment was satisfied by Newcrest. Interest is calculated on the LIBOR rate plus a margin of 8% pa. Interest is calculated every 90 days.
So your assertion …” That loan is probably getting near 60 million USD now. ” looks as idiotic as it really is.
Interesting update on the drill pad prep at Scally over 24th to 27th July posted by Paddy on the new forum…..
www.ggpchat.co.uk
Not sure how long this post will last.
Have joined the new GGPChat group via GGPHelp.co.uk
Good to see plenty of the very familiar, trusted long term holders, long term posters have done the same.
Sad to see what was once a vibrant board here on LSE ruined by constant trolling and manipulative posting.