Member Info for markjphennesseyg

Cheers Bamps.

I asked a question for the online Town Hall about the O’Callaghan’s asset contained in the Telfer package. I watched the online Town Hall piecemeal and don’t think my question was used. Did SD mention anything about O’Callaghan’s in the in person event? I believe Tungsten is the main metal at this asset, probably not a priority or “core Stategy” but was just curious.

Cheers.

Thanks to all of those sharing information from the in person Town Hall and thanks in advance to anyone who adds further to it later on.

Now we know the details of the deal, the way forward and have some idea of the remaining potential at Telfer on top of Havieron it makes it makes the next phase of patience a lot easier than the patience we’ve exhibited in the last few years. All we need now is for others to appreciate (and pay a good price for) what we already know.

GLA

Just over 3 weeks ago someone posted this: “LSE website showing no open short positions on GGP. FCA website shows there is no change. 
My guess is its a mistake on here, as it states the position changed on October 1st 2024, which is of course a month away.”

So the next day I emailed London South East querying it and they told me they would contact the data supplier. About an hour later it reverted back to how it was before and how it is presently. At the time I and I imagine most others here didn’t know the relevance of October 1st 2024. All just a very strange coincidence I’m sure.

Hi Bamps, I don’t have an issue with anything in your last post. Time taken to optimise Havieron safely isn’t a problem for me.

ATB

Chuffchuff and GGPThruandtru agree. I am happy with the deal for the acquisition and appreciate the sacrifices to get there but moving forward we really need to start seeing some “benefit for all shareholders” as the much touted phrase goes.

GLA

Once Greatland establish themselves as miners and with plenty of further and possibly quicker to develop opportunities in the Paterson I wonder what may become of the likes of Ernest Giles. Perhaps after a bit more further work on it they could JV Ernest Giles whilst Greatland concentrate on closer to Telfer. Retaining a percentage of the potential upside but with less commitment.

Cuz we’ve got a brand new (refurbished) copper and gold harvester
An' we might lend you the key
Come on now let's get together
In perfect harmony
We’ve got twenty million tonne capacity
An' you can pay a tolling fee
Now we’ve got a brand new (refurbished) copper and gold harvester
An' we ain’t a charity

We’ll stick by you, we’ll give you some of what you need
(ooh aah ooh aah)
We'll 'ave underground and open pits
We’re a company built for speed
(ooh aah ooh aah)
And you know where this is goin’
So give us your hand
(ooh aah ooh aah)
But what we want the most
Is all they ounces and land

Now we’ve got a brand new (refurbished) copper and gold harvester
An' no one else can use it for free

Finally found some information that may help answer the question is it obligatory to do an IPO/placing when cross listing on ASX. Obviously doesn’t rule it out but at least I think it shows that it doesn’t have to be done. Some may have already known this, but wanted to verify myself.

“The ASX may accept an information memorandum instead of a prospectus for a compliance listing, if a company has no intention to raise capital in the next three months. However, the content requirements for an information memorandum and prospectus are broadly similar.”

https://resourcehub.bakermckenzie.com/api/ExportApi/GenerateWordDoc?resourceid=85dab0ab-9071-4f5b-8d3d-484c6b3049b2&jurisdictionid=6c636890-af70-4aa1-a1a2-21faf10fc4d7

I don’t know what all this technical stuff is, a CSV? So I’ll just wait a few weeks and see them in the top 100 😀

It’s in the AIM admission document. I’m still working my way through it!

Might have already been posted but good to see another new major shareholder if all goes as expected who will own around 6% I think and probably in for the long term.

https://tembocapital.com

6p,7p,8p…….is of no interest to me whatsoever. Probably not alone.

From the AIM admission document.

“Antipa securities

Newmont NOL holds 410,264,785 ordinary shares and 27,075,000 unlisted options with an

average exercise price of A$0.02 per option in Antipa. As at the Latest Practicable Date the

trading price of ordinary shares in Antipa on the ASX was A$0.013 per ordinary share which

would value the ordinary shares in Antipa held by Newmont NOL at A$5,333,442. Newmont

NOL initially subscribed for shares in Antipa in 2020, in connection with Wilki (discussed

above). Under the Acquisition Agreement, Newmont NOL’s shares and options in Antipa are

included in the Target Assets and will be acquired by the Group on Acquisition Completion.

In addition, under the Acquisition Agreement, subject to Antipa’s consent being obtained by

Newmont NOL, Newmont NOL’s interest in the subscription agreement (including certain

share participation rights) will be assigned to the Group. Completion of the acquisition of the

remaining Target Assets is not conditional on the transfer of these interests.”

So Greatland will be I think Antipa’s largest shareholder coupled with the fact they will also own Telfer,however you look at it I’d say Greatland have a very strong position regarding Antipa.

Don’t waste time reading “the fool” and you won’t be missing anything.

You don’t have to be an investment guru to know more about GGP than anything written there. Trust your gut.

Good luck

Great post mrblue. I liken the task off pulling off this funding to trying to get a mortgage for a mansion without any income. Excuse the pun but at least some credit where I think it’s due.

I don’t really think of it as timescales have moved out. To me they’ve been brought forward. This week we found out Greatland will be a gold producer of some scale probably before the calendar year end.That in my eyes is a lot sooner than the position we were in last week. Where the gold comes from doesn’t matter to me. We can now move on without hindrance,make efficiencies, make announcements at will and have immediate income. I totally understand where some people are coming from but I feel in a lot better position now than before. Hopefully the market will soon agree, I think it will.

Are Australian superannuation funds running out of investment opportunities? Any ideas for them?

Australia’s pension system managed A$3.5tn as of June 30 2023, and is the fastest growing in the developed world with assets under management (AUM) doubling every five years. Ray Attrill, head of foreign exchange strategy at NAB and the report’s co-author, points out that super funds AUM exceed the A$2.6tn market capitalisation of the S&P/ASX200 — Australia’s 200 largest listed stocks. “There are, therefore, limits to how much additional exposure to domestic stocks funds can take on without owning a disproportionately large share of these companies,” he says. NAB said that larger super funds in particular could encounter challenges deploying more capital in the domestic market without “amplifying concentration risk” which creates the potential for financial loss due to overexposure to a single counterparty, sector or geography.

https://www.fdiintelligence.com/content/news/australiansuper-boosts-overseas-investment-83550

The GGP board would have to be very careful regarding a conflict of interest recommending a takeover by Wyloo. Wyloo/Twiggy may see more benefit from keeping the status quo of Greatland as a listed company and being a major shareholder than a takeover. I’ll let you ask the questions on Wyloo Dip, as you’ll word them better than myself. I don’t see it as a major concern, like Dip says I see it more as defensive than predatory.

I just think of Havieron now as part of Telfer. Before there was the open pit and underground elements to Telfer now there’s the addition of Havieron. Havieron is just added to the Telfer resources left to be mined. So the entity as a whole is already a massive producing operation with large resources and multi decade mine life, with the very real potential of even further additional expansion and we’ll own the lot.Havieron first ore date whilst relevant doesn’t seem the be all and end all to me anymore, it’s just further mine life. So that said, as for SP in January, even just for fun I don’t think I could hazard a guess, but it’s gonna be fun finding out, we may be (pleasantly) surprised. Enjoy the Mersey, the tide is turning.

GLA