Member Info for lebugue-addick

Good reply from GGP Tig, thanks. Taken together with the video I am very comfortable with the use of Primary Bid. I had been trying without success to get GH to use PB to let PIs take part in capital raises but he ignored my requests. Glad SD and team have listened, so now at least we get an opportunity to take part on an equal footing with instos.

PB and bookrunning is quicker. RI takes far longer to set up.

Commenting on the annual results and maintaining its buy recommendation, target 24p, Berenberg said: “As an explorer with no revenues, and costs only associated with G&A and exploration, the main data point from the results is the cash held by the company - GBP6.2m, which is in line with our expectation.

Greatland retains flexibility to finance work at Havieron, with access to a USD50m loan facility from JV partner Newcrest.”

The bank maintained its price target of 24p, compared to the last close of 16.1p, and a ‘buy’ recommendation on the shares.

Analysts said this target is based on the recent pre-feasibility study for the South East Crescent Zone at Havieron and an assumption of a further 10Moz being delineated outside of the PFS reserve, valued in line with the Australian mid-tier gold miners at EV/ounce of USD624/oz. It also assumes that Greatland eventually retains a 30% interest in Havieron.

So no finance issues of concern were mentioned, in fact B seemed content to continue recommending the shares. One can perhaps deduce from this that some event or change has occurred and maybe we will get some news soon.

https://www.proactiveinvestors.co.uk/companies/news/966024/greatland-gold-s-results-show-it-retains-flexibility-to-finance-work-on-havieron-project-says-broker-966024.html

InsiderKnowledge - why don't you p1ss off back to BZT. By your own admission you are not invested here and we do not need your advice or assistance. Why do some people feel the need to come on to other chat boards other than to cause disruption?

This is what you said on the BZT board 19 November: "Poor GGP are getting hammered! glad I am not over there. They have had one heck of a year at least we have a lot of excellent news flow!"

Hi Tig - full allocation and I suspect that was the case for all categories

selecta - so you haven't listened to any of SD's presentations in the last year where he talks about creating shareholder value?

max - agree, if you an't beat 'em, join 'em. In the past I asked GH to open up funding by PIs through Primary Bid so we could all take part in the growth of Greatland, but he didn't listen. So I am pleased that SD and team have given us the chance to take part if we wanted to.

Admission date 24 November - next Wednesday

Proceeds to be used to fast track the development of Havieron in association with Newcrest.

Capital funding discussions with banks/lenders under way.

The dilution is 1.25%. A drop in the ocean

panama: "But It’s real value is there in plain sight. It’s just most can’t yet see it. They haven’t done their research properly … yet !!"

Do you mean those that come on here and say we're way overvalued at £650m market cap for a company that hasn't got any revenue?

Ah yes we have seen a few of those come and go haven't we?

Forgot the twitter link!

https://twitter.com/lebugueaddick1/status/1460579495837114369

Hi Redirons - I have done a progress note to say that we have now reached over 1,000 signatures which is a great start and encouraged signatories to take to social media, lobby their MP and contact the FCA to follow up. Have updated on twitter today. Thanks for your message.

GLA l-a

1,063 have now signed

WF - me too!

I can see clearly now the trolls have gone
I can see all obstacles in my way
Gone are the dark clouds that had me blind
It's gonna be a bright (bright)
Bright (bright) sunshiny day
It's gonna be a bright (bright)
Bright (bright) sunshiny day
Oh, yes I can make it now the pain is gone
All of the bad feelings have disappeared
Here is that rainbow I've been praying for

Great stuff Bamps.

I listened from 5 mins 20 onward for the next 2 mins and you can sense the excitement in SD's voice as he mulls over the extent of the ore body in slide 6.

https://www.proactiveinvestors.co.uk/companies/news/966087/greatland-gold-lon-ggp-presenting-at-the-proactive-one2one-virtual-forum-11th-november-2021-966087.html

Bamps - pretty sure SD said the ore body is getting wider at depth but I will try and find the exact reference. He didn't say how wide if I recall though

SD continues: "And so of course from that you have this development cost but then you generate this free cash flow, and that FCF potentially expands as you bring in the rest of the ore body, the rest of the SE Crescent and indeed the rest of that bulk mine across the Northern Breccia.

And that's what's absolutely brilliant about this - I've talked about the low cap ex profile - is the fact that we are developing this with Newcrest in exactly the way we would like to do this if we were doing it ourselves".

Following on from what Bamps was saying about the AISC of $643/oz it's worth emphasising that this reduce even further. The following is a verbatim record of what SD said at the Proactive One2One virtual forum yesterday when talking about the low cost starter mine:

SD from 8 mins 6 secs: "That $643/oz is extraordinary and this is based on an assumption that there's just 2mt pa going through the Telfer mill. Now we already know that we've flagged up that we're taking a 3mt pa study into the Feasibility Study, so that increases the denominator by 50% in terms of sharing fixed processing and fixed G&A costs so that's potentially going to put downward pressure on our AISC which is already absolutely world class.

And I think if you take anything away from today's presentation it's where Havieron sits in terms of the cost, and at $1,800/oz we're talking about generating well in excess of $1,000/oz, in fact right now in excess of $1,200/oz through production".