Member Info for markjphennesseyg

I hope Newmont agree to a lot less. 😀

Tugmaster a different plan buy more GGP save on FX fees, hassle of getting new broker etc. and who knows you might still eventually end up with Antipa assets as well.😀

Good luck

Speedy, using my Discretionary Probabilistic Investing system that is ultimately discretionary but with probability based implementation employing large breadth,underpinned by quantitative systems and analytical tools, I think you are right.

Aye, this is what they say “The evolved investment process is called Discretionary Probabilistic Investing. Ultimately discretionary but with probability based implementation employing large breadth. Underpinned by quantitative systems and analytical tools.”

Myself I just went long cos I liked the look of it.

GLA

Desperado, why don't you come to your senses?

You been out ridin' fences for so long now

Desperado why don't you come to your senses?

You better get some Greatland Gold shares (get some Greatland Gold shares)

Get some Greatland Gold shares before it's too late

The other thing with Telfer is the experience, knowledge and familiarity with the plant of the personnel.

Agreed Sureasblazes.

If we end up with Telfer we are going to get a facility that’s been upgraded by the largest gold miner in the world and been rigorously scrutinised by the authorities prior to sale. A brand new plant apart from the time and cost will always have commissioning and teething problems whereas Telfer has many years of proving itself and fine tuning.

GLA

From The Australian today, was behind paywall so haven’t posted link.

“Canadian advisory firm BMO is now signing up bidders for the sale of Newmont’s North American mining assets, so they can receive confidential documents to enter the data room.”

Update news on Australian assets divestment progress soon hopefully.

Anyway, so the story goes a company called Day Dawn was involved in the early part of Telfer discovery/ownership history. Newmont paid Day Dawn a relatively small sum with regard to Telfer.

It would be a fitting reversal of fortunes if we had a new Dawn with a new Day paying Newmont a relatively small sum for Telfer ( including Havieron 😀)

GLA

Even If another entity purchases the 70% it just means they have the lions share of expenditure and we are in the same position as before but with a new partner and the uncertainty over funding removed and it is a lesser burden, but obviously with less upside potential than owning it all. Still sounds like a win to me from where we are.

I don’t think that’s been the plan though and personally I think the plan has been well prepared for some time.

GLA

Well I can beat that for corniness ( is that a word?).You shouldn’t encourage me.

It’s the final countdown. Europe.

I want it all. Queen

I know Shaun Day has alluded in Town Hall events and the like for some time about the possibility of 100% ownership of Havieron but the fact that GGP are confident enough now to be including it in official presentations and RNS must be a sign of even more faith that there is a good chance of it becoming reality.

GLA

What is it they say, negotiation should be more like a dance than a fist fight.

I read it as, we’d like to buy it if the price is right.

GLA

What’s next. So, that info will feed into the Feasibility Study no doubt.

GLA

Yep very good news.

Https://www.investorsobserver.com/news/qm-pr/8734520624829088

Https://www.proactiveinvestors.co.uk/companies/news/13364/northern-star-resources-swoops-on-paulsens-gold-mine-16305.html

It’s been done before and it’s been posted before,although most are and were already well aware. Achieving the “tall order” is what the “heavyweight board” are here for.

While we wait, just for fun in the first paragraph substitute Greatland Gold for Northern Star and Telfer for Paulsens and imagine. You may say I’m a dreamer but I’m not the only one.

GLA

Found this description and am purely guessing it may answer my previous one project question regarding Telfer and Havieron grouped together.

“A disposal group, as defined by the International Financial Reporting Standards (IFRS), refers to a group of assets (and possibly liabilities) that an entity is looking to dispose of together as a group in a single transaction. This concept is covered under IFRS 5, which deals with Non-current Assets Held for Sale and Discontinued Operations.

A disposal group may be a division within a company, a subsidiary, or any other collection of assets and liabilities. The plan to sell or dispose must be at an advanced stage where it’s unlikely changes will be made, and the assets must be available for immediate sale in their present condition.”

“six non-core assets and one project as held for sale, resulting in a non-cash impairment of $485 million” taken from Newmont’s First Quarter Results today.

I thought it was two projects Coffee and Havieron as per the February announcement. “Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee”

There’s probably an explanation, someone might know?

Maybe they’re grouping Havieron project together with Telfer?