Member Info for Lenz

Fair enough Zoros, it just comes across as a bit gloomy, and that wasn’t your style. My maths never was my strong point ;-)

Zoros for the last 3 months you have had a downer on this share .. what has changed .. nothing the gold is still there and they are going hell for leather to get it out . So why the doom and gloom !

I am sure I read something that said it was cows farting and this bb, that produces enough sh !t to power the world in methane ;-)

Biswas has not been playing hard ball, or he would not be shouting from the rooftops how good Hav. is and that every drill hits gold !

I think it is Putin that’s causing all this disruption and MM’s are making the most of it !

Dcgc, the estimated amount of oz they think is there at the moment, will have an influence on the 5%. I will be very surprised if both NCM and GGP don’t think there is at least 20moz there ( though they cannot say that) also a low ball offer reduces the valuation of the 100%. I don’t think SB would look good to his board and shareholders of it isn’t valued fairly, after all his screaming from the rooftops how good Hav. is!

Dcgc. I think you are taking rubbish with your £80/£85m that would only value us where we are at the moment, they know a lot more than us and SD had already said this is another Telfer .. so overall more than 25moz, I am sure SD will not be pitching his figure around yours!

Zoros send your question to SD, then you will get the correct answer !

If they put in the lowest bid they think they will get away with, it WILL go to arbitration and they don’t want that ! Why buy out a company that is basically your exploration arm on the cheap . Doesn’t make financial sense !

For your info Merc.

The original PFS was based on a 2Mtpa case and it was disclosed that the intent was to take the 3Mtpa investment case into the definitive Feasibility Study.
GGP is keen for an updated Resource & Reserve, but our preference is to release this jointly with NCM.
Regards

Shaun Day
www.greatlandgold.com

MFU SD said FS would be 50% larger than PFS
PFS was 4.2m oz, hence FS in DEC will be 6.5-7m oz

Hence MRE2 this month = 5-6m oz

NO HE DIDN’T .. the 50% increase is on the amount of tonnage they will remove per year and will be in the FS .. that is the upgrade!

Pooroldman, I totally disagree, why screw over a Co, you have JV’s with, and lots of interesting prospects, do that now and your chances of getting any more are zero !

Mercedes’ .. the 50% increase is in the amount of tonnage they will get out of the decline, PFS 2mt, FS 3mt. Which means 50% more gold oz per year for the first few years !

So what you are saying is we would not make any loan payments, until we’re producing and getting cash returns from Hav. That’s a big indication that he wants to keep the 25% at least.

Question is TT how do we fund any debt with no income ? Until we start producing at Hav.

It’s amazing how people can read different things from the interview, I don’t think he was playing down the 5% agreement and I will be very surprised if they don’t come out with an agreed figure, whether that figure is what most would like is another matter, but it needs to be north of $100m to give him the freedom to explore else where, and foot up GGP’s bill for future drilling at Hav. for the next 18/24months.

Someone just dropped 5m shares !

Sycho is like a seagull . Flies in drops **** then flies off again, ignore the clown !

Nope it was an e mail

It’s on telegram and can’t be copied