Member Info for lebugue-addick

I was thinking along the lines of a Liam interview with Shaun but only a guess

Quarterly update to 30 June in a few days I expect

GDXJ Data

Rebalance

Snapshot: 31 May 2024

Announced: 14 Jun 2024

Rebalance: 21 Jun 2024

Reweighting

Snapshot: 30 Aug 2024

Announced: 13 Sep 2024

Rebalance: 20 Sep 2024

https://marketvector.com/indexes/hard-asset/mvis-global-junior-gold-miners

Winu is only 121km (75 miles) from Telfer so it is within range

Oooh Winu - did I recently hear Canaccord Genuity talking about 10 mtpa. That would be some coup.

Share bug- I don't get what you mean by false dawn. There are clearly very important corporate negotiations going on which we are not privy to, and nor should we. These will play out in their own good time. I am sure you wouldn't want Greatland to give you a running commentary and show his hand for your own gratification.

Barna is right from a legal point of view. Legally Greatland have a right of last refusal for 70% of Havieron. Anything else is just speculation despite Newmont saying it is their intention to divest Havieron and Telfer as a package. Now it might be in Greatland 's best interest in taking both if in their opinion it is value accretive for shareholders. It all then depends whether a deal can be struck at the right price for both sides. So much we don't know, it's just speculation.

Ace - we love going to Pinchos in Leederville. Sitting outside on the high stools in the nice summer evenings eating various plates of tapas. Heaven!

I can't let this latest bit of rubbish from "nine....." go unchallenged. He needs to check his facts before trying to mislead investors yet again. "Measured flow rates are at the lower end of those previously anticipated...."

Your shorts must be getting very smelly!

Yep, me too - dustybin for me (for those who used to watch that TV programme way back)

Yep! No new news but a nice confirmation on 70% Havieron is the clear target. And a drilling campaign to start in the second half of the year.

Barna - you could try sending Shaun a direct message. I have had many replies.

Hi Dip - I was sorry to see that you were excluded from admin duties. Your fair and balanced opinions are always much valued as are your superb transcripts of course. For what it's worth Shaun has told me that they are exploring the "optionality" that the Newmont decision presented and reckons there is a disconnect between the SP and the rising POG/POC prices. But they are just continuing to get on with business and deal with what is within their control.

Funny that everyone but IOT can see the value creation of owning 100% of Havieron . And the reason? He is not invested here but doesn't waste an opportunity to comment on the SP. And the reason? Because he is not prepared to discuss rationally the asset. All he has is the SP - a one trick pony.

Annual profits of £100m on 100% basis would put Greatland on a very undemanding PE of 10 (eps 2p). So very much within reach if the deal can be done.

Hi speedy - and it's not just the profits that will be superb, think also about the free cashflow. That will mean we can pay off the loans quicker and cut put the onerous interest charges. POG and POC are going to give Greatland a big boost if the momentum is maintained.

ATYM under the radar as a copper play. Q1 results later this week - expecting a bullish outlook.

Source was Tom Palmer, fairly reliable I would say lol.

Whether that is legally enforceable if Greatland only wanted the 70% is another matter. Certainly as it stands according to the JVA Greatland have last right of refusal so Newmont can't sell 70% on its own, without Telfer, to anyone else without Greatland's approval (unlikely) unless they wanted to face large compensation.

The undrawn bank facility stands at 220m dollars on a 30% basis. As Shaun said in the recent interview this scales up to 733m dollars on a 100% basis. A decent war chest for acquiring the remaining 70% of Havieron and Telfer. Not necessarily that is the amount Greatland are prepared to pay. The recent Newmont accounts show the carrying value of the combined package as 373m dollars. Just a book value, not necessarily the amount Newmont will accept.