Member Info for markjphennesseyg

I think the difference in this scenario is it is a negotiation rather than a FMV exercise. Based more on what GGP consider to be a compelling price for the lot plus the additional risk and what price makes sense for Newmont to do the deal at and reduce their risk,operating costs and their debt.Very different situation under different circumstances.

GLA

Hi sandgrounded,

Greatland Gold has in fact transparently taken consideration that there might, or might appear to be circumstances where the Wyloo connection to some directors could be seen to possibly affect their judgement and commented accordingly in Corporate governance under Independence of directors section page 30.

https://greatlandgold.com/wp-content/uploads/2023/11/Greatland-2023-Annual-Report.pdf

Therefore I would conclude that should there ever be an offer by Wyloo to purchase Greatland Gold the board would have to be extremely confident they could justify and defend recommending the offer or any other action and not have a conflict of interest.

I wasn’t very academic in my school days (not much changed). My school reports had nothing good to say. But the only vaguely useful comment in them was “Mark would do well, to concentrate more on what he was doing, than concerning himself with what everyone else around him was up to.”

Shorts…..meh.

Great opportunity….yeah.

Then buy even more again.

Buy more.

Even more than you could if it was 6p.

Agreed TT.Doesn’t matter if I’m invested in a gold miner, a gold explorer, gold mine developer or the Golden Dragon takeaway in the village I’d rather the gold price was doing well than the opposite.

Aye up Tourist, reminds me of gold at the surface at Black hills.

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/x596d2r

GLA

Think that’s the best score I’ve ever got in anything 75%. I’d have got 100% but I couldn’t sell gold to speedymeadie.

Don’t get me wrong I think and hope GGP will try and buy Telfer and that Newmont will want to sell them Telfer. But they’ve got to at least have a bit of fun doing the negotiation dance.

Looking forward to it all unfolding.

GLA

Hi MH01,I’m not trying to say building a stand alone processing plant is necessarily a better option to Telfer I am just saying from a negotiation situation it shows there are alternatives. I’d rather GGP had options than be held to ransom with no options.

I can’t know for sure what Newmont’s options are but I think they would rather GGP bought and used Telfer than build their own processing plant and Telfer be left high and dry for them to deal with. So it kind of balances the negotiating position, it possibly even helps puts GGP in a stronger position than Newmont.

I think talk of the “option” to build a separate processing plant to Telfer is helpful from a negotiating point of view. Whilst processing at Telfer is probably preferably, it’s always best to have possible alternatives when negotiating. It might not be the most rational alternative but at least it doesn’t tie GGP to being forced to “have” to buy Telfer.

GLA

So Shinybits has heard

“word from up on high” and then posted it on the internet.

Aye ok

Ha,ha the only “problem” is, i think Newmont have said if you’re getting the lot for US$200M cash (plus maybe sweeteners) you can at least finish the decline yourself. Sounds a good solution to me.

GLA

I just hope it’s not this tax year good news comes though. After all this time of low SP please wait just over one more week so I can get my new ISA allowance at this price.😀

Yep, whether they’ll group it in with a Telfer/Havieron 70% deal or do it separate we’ll see.

Https://www.mining.com/newmont-terminates-option-on-nevada-gold-silver-project/

“Greatland aspires to become a profitable multi-mine resources company by focusing on the responsible and sustainable discovery, development, extraction, processing and sale of precious and base metals.”

https://greatlandgold.com/about-us/strategy/

Think he might have seen it on the latest Ordnance Survey map covering the area. 😀

Yes,I’m hoping we’ve already voted on giving the board sufficient capacity to enable them to proceed. That would be good.

Callum’s there on his boat, retired, enjoying his life knowing he still owns millions of shares in a gold mine and the old handyman at the boatyard comes past, looks at him,shakes his head and says “where did it all go wrong, Callum”.

All the BEST