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Well I didn't get my rabbit out of the hat that I was after -and now the hat has been taken away due to cost cutting.

Thanks Ace.

I've just shared that in the office to another GGP investor.

I told him that this guy on a chatboard I go on posted a message mentioning that he knew a uniform seller who overheard a bloke in production say that the lifespan of Telfer is better than documented.

I think he's happy - he said "That's as good as an RNS for me"

That's a great post Spade, thank you.

I'm delighted to see I'm slightly more aligned with the views of gold mining expert Steve Toduruk than I am with chat board prolific lurker NineTopPrizesOf.

I've a feeling that they're going to pull a rabbit out of the hat soon. (Or a LiBox? )

(Never use charts, facts, RNSs or fundamentals - base all decisions on hunches and you'll go far. Buy my book for £29.99 for more info on my winning strategy)

Wow, brilliant to hear from Mush & Dodge again after far, far too long!

GGP had to take the long way round (after Biswas blocked the path with his hurdles) but they will get there in the end. I take a lot of comfort looking at the growth profiles of Fortescue & Northern Star and their MCaps a few years after turning producers!

Anyway, last time you were both on, Biswas' Newcrest was the largest Gold producer in Australia and GGP were junior partners. Now GGP are de facto producers and Newrest got eaten up, spat out, hurdles and all.

All the best, this is what the bottom of Lassonde feels like if you've ever wondered.

I'm not quite as eloquent as others, but my take on all this is that the near term burden of expectation has now shifted to Telfer and how much gold it can generate. Having had over the years on this board many discussions about how relevant or irrelevant the price of gold is, it's now certainly going to be a significant factor. I do realise there is some hedging going on due to ensuruing funds are available for development at Havieron, but a high gold price will still be hugely beneficial. The stockpile that we've been told about is also a massive fillip.

In a high gold price environment GGP can fund Hav & pay down debt, and I think SD is concentrating on trying to bleed as much out of Telfer as possible short term where you get an immediate return.

I also don't understand what's with the Hav timeline but I'd like to hear that it's a strategic decision rather than an enforced one and that they've decided that weighting towards an immediate ROI is the best chain of events to maximise profitibility. Shaun likes his 'optionality' and the more cash delivers on this one.

I've been a LTH since 2019 and I was one of the lucky ones who took some profit - but I didn't play it perfectly and have bought at various stages again on the way down. The 4.8 call has not affected me as much as others but I have still taken a hit and I feel others' pain who have a high average . I have bought in the market at 5.2 ( my broker doesn't do PB ) and will be attempting to build my holding back up to it's original level. I realised with the shares in circulation that this is no longer the ten bagger that a minnow could get, but I think overall the deal is extremely good for the company and this is now a derisked growth play. There is still a lot of money to be made.

Loftmonkey, here are two of your recent quotes:

"Mark my words ...i have been 100% right so far"

" I truly believe that SD will decline the offer to purchase the "full package"as the dilution/debt burden will cripple the company going forward. GGP is and will always remain a junior miner / developer ! Sorry !"

"October 2027?"

That's when the hamper comes.

"Another sham dilution with Jam tomorrow promises "

You're right it's not Jam tomorrow - it's around October.

You've explored the whole region, Plode?

Callum Baxter called all this buying back the farm pretty much correctly, I believe....

Do you think the Telfer workers are getting sick of having to change branded uniforms?

Great post but final divi is 1p

Ha Jet!!

I think that 10.23am sell was the cause - now that's gone the 'ask' is up.....

Buying, but it seems to be being eaten up

The offer price may have disappointed quite a few, but this deal isn't about the here and now, it's about the whole future of GGP. This, a few years down the line, is potentially massive.

There were similar discussions when GGP originally 'gave away' 70% of Havieron - why would they give away such a big chunk of your asset? Because if they didn't there would be no progress on the asset and after a while, no GGP. A similar argument can be said of this deal now. This is short term pain for a huge upside. An old but still cash generative mine with stock piled ore, a processing plant ready for Havieron (and any other discovery in the area), currently a high gold price, a world class mine in Havieron that we don't know where it ends etc etc. I posted yesterday that due to our full ownership of Hav, I believe the MCap should be (or at least head towards ) at least three times what we left it at the other day before suspension, so at least 1.2B. I am certainly in the camp that is using the phrase 'it's a steal'

*** packet maths, based purely on the market had of ggp on 9th sept, around 7p.

currently 5 billion shares, mcap 360m

if share price goes down to 4.8p but with 13 billion shares in circulation, mcap would go up to 624m

however this would only be 1.7 x our current mcap.

but we've gained 3.3 x more assets in hav. so no reason in my view that mcap could be argued to be worth 1194m, 9.1p.

and ggp have telfer too.

Doozer, from the last Newmont update:

"During the second quarter, seepage points were detected on the outer wall and around the tailings storage facility at Telfer and we have temporarily ceased placing new tailings on the facility. Remediation of the facility has commenced and we expect production to commence during the fourth quarter of 2024"

Good post Chuffchuff

I feel that whatever the figure for any potential equity raise, this will be roughly the floor for the SP.

Once in control and the shackles of being a junior partner are off, plus the financial backing of a major player, this has a great future. I always like looking at the Fortescue share price chart over the last couple of decades and wonder whether GGP will follow in their footsteps.

Just my view.