Member Info for lebugue-addick

USD 500m but what's 3 noughts between friends!

Hi Ben - I think you mean we have barely moved in terms of SP. The market cap, as we know, was £350m before the acquisition (5 billion shares @ 7p) and is now £920m (13 billion shares @ 7.15p).

But I know what you mean - those acquired assets, for the price we paid, was a steal.

Napthman - I think your comment: "And head of biz development involved. Could this be regarding voting for a buy out of a miner in the area that has been whispered" is likely to be wide of the mark. Any potential business would not be conducted in this forum. And I do not see it happening at all for a while in any case. What whispers are you talking about - some fantasist on hot copper? Do me a favour!

Quite agree Dip - Greatland have enough to concentrate on for the next year or so without being sidetracked on this issue. Greatland hold 7.5% of Antipa shares and opted not to take up the rights issues recently. That should tell us all we need to know about the current situation. But some on hotcopper seem to be plugging it still. Smacks a little of desperation to me.

https://antipaminerals.com.au/upload/documents/investors/250106031834_24-12-31-Computershare_Top50noaddress_AZY.pdf

https://antipaminerals.com.au/upload/documents/investors/asx-announcements/241219032102_24-12-19-AntipaRelease-SuccessfulCompletionofA16MPlacement_FINAL.pdf

Thanks Yarg101, our saviour. Never, in the field of company investing, has so much been owed by so many to so few. Fool.

MB1965 - Shaun has already said several times that Greatland will not be seeking to issue more shares on ASX listing. If that turns out to be a regulatory requirement insisted on by ASX in order to fulfill the cross listing he said that the fund raise will either be immaterial or indeed nil.

OMI God, pep guard the roller!

Have a read of page 230 of the Admission document regarding Telfer exploration potential which has a low figure of 1.1m oz and a high of 2.4m oz.

The Telfer mineral resource of 590,000 oz is at page 228 of that document.

For me, 25 of the last 29 posts are showing as green boxes. Very said that one person (I assume) is ruining this board.

MF11 is the brains behind all the calculations. He has been working tirelessly on our behalf to get the US fund to come into line with the UK side.

Well said Bamps - I am looking forward to next week. And thanks for organising.

MH01 - For the sake of everyone please desist with your negative comments here. It is being played as a tit for tat game on the Greatland board. If you're not invested why the narrative - your behaviour is very childish and kever and Co are responding likewise.

100% of Havieron plus all of Telfer to be acquired by Greatland by 31 Decemeber

CHANGE THE NARRATIVE - 426,000 gold equivalent ounces to come our way from Telfer by the 31st December. Just for starters.

Hi ace - back in the UK at the moment but will be going out again in time for Christmas to see our new grandson.

MF11 - great analysis, thanks

Yarg - Strong sell with his first post.

Strong buy with his second.

Go figure.

Schlemiel - StatBright seems to have misjudged the assets under ownership once we get the keys. As Berenberg recognise in today's note, Greatland will be cashflow positive immediately on completion of the acquisition. Why do they say this? Well it's because the Telfer 15 month mine plan set out in the SRK Competent Person's report forecasts some 426,000 oz of gold equivalent over this period with an AISC of $1,454/oz compared to current gold price of in excess of $2,700. So $1,200 profit for each ounce or in excess of $500m.

That's why they say once the cashflow starts coming through that will go a long way to pay for Havieron development. Greatland in any case has drawdown facilities from the banks in place to top up.

Then of course, on top of that, there is the steady state expectation in the SRK report of Havieron producing 258,000 oz gold equivalent a year from 3 years hence for a further 15 years at an AISC of $818/oz, or some $1,900 profit from each ounce.

And on top of that are the extensions to those numbers at Telfer and Havieron, again all well documented in the SRK report from known targets.

A lot to look forward to once the acquisition is completed.

Quant - 25 times the size of Havieron? Greatland has 8.4m oz at Havieron ( and just bought Telfer). GBP would need in excess of 200m oz gold equivalent to meet your expectations. Oh and Havieron is still open at depth so will grow.

I am invested in both companies

This is one of the adjustments re the train mentioned in the Admission document:

An adjustment paid within 180 days after Acquisition Completion to compensate the Sellers for

only operating one of the two Telfer processing trains from the processing restart (expected to

occur in late September or October) until Acquisition Completion (thus preserving Telfer

stockpiles and ore for the Buyers to process after Acquisition Completion). The adjustment is

calculated based on a rate of between A$25 to A$20 per tonne of ore that would otherwise

have been processed if the second processing train were operating at an approximately

11Mtpa rate, payable for the period starting two weeks after the processing restart until

Acquisition Completion, but only for days on which only processing one train is operating. If

the aggregate payment due within 180 days after Acquisition Completion for ore stockpiles

(described above) and processing (described in this paragraph) would exceed A$40 million,

then the excess will be due within 366 days after Acquisition Completion.