Member Info for markjphennesseyg

I wonder where the rigs are moving to in the meantime. Hopefully not far away.

I found the statement below in an example of an Australian Joint Venture Agreement.

“Development and Mining of the ###### Deposit

The Manager or any Joint Venturer may, at any time, propose to the Management Committee that the Joint Venture undertake Development and Mining of the ###### Deposit”

I’m not suggesting that the Havieron agreement is necessarily exactly the same but in this example it appears to me as a layman anyway that either party can at any time iniate the process of agreeing or otherwise a DTM and then setting in place any other following terms.

The JV was split 75%/25% in this example.

I just searched Australian mining Joint Venture Agreements to get an idea on the terms and conditions.

Good luck everybody.

Just in time for this…..🚀

So we’ve had a good week this week and to celebrate, tomorrow a nation hosts a great event!

The Giro d’Italia! :o)

I think Shaun has hinted at in the past that it may be good enough for some Australian ii’s to give the green light with just there being a firm intention of us being ASX listed.

Cheers for the link Culpepper, I was thinking along those lines.

I found this definition, if you like, of a “Top Hat Restructure”. I liked this definition as it was simple enough for me to comprehend.
“A restructure (usually by way of a scheme of arrangement) where a new holding company or trust acquires all outstanding shares and other securities in exchange for equivalent securities in the holding company.”

If our restructure is as basic as this explanation appears then with the caveat that I need further research and information, then I at first glance don’t think I have an issue with it. However as I hold some of my shares in a trading account, I do have a query as to wether there will be any tax implications. i.e. are you deemed to have sold your shares in the “old” company or is it just considered for tax purposes as you continue holding your original shares (if that makes sense). I assume there will be no tax issue but clarification is required.

Good luck everyone.

Why do elephants have flat feet?
I don’t know but when Greatland find the next one we can ask it.

Whilst I’d just make a fool of myself if I even tried to answer the question, the thing is there are now a number of people at Greatland who this sort of stuff is just bread and butter to and that gives me the confidence to think the notion isn’t totally absurd. I’d even go as far as to say that they would probably be bored and under utilised if they didn’t have a challenge like this.

A classic golden oldie hit still going strong after 50 years.

That’s what they’ll be saying about Havieron.
Good luck everyone.

I also do like the idea.Comes down to diseconomies of scale.For a behometh like a merged Newmont/Newcrest there could be merit in letting an efficient Greatland run Telfer and Havieron in exchange for royalties and not forgetting taking on the risk.

I think it must be:

e) the transaction is a give-up transaction or a give-in transaction;

I give-up and give-in trying to fathom this stuff out anyway.

Good luck everyone.

More grist for the mill

“fill the mill”

So sorry for your loss Dip. Our thoughts are with you.

Looks like Gemma Cryan thought it was prudent to not hang about using this years ISA allowance and quickly get her Starvest shares moved (whilst still at a low price). I know it’s Starvest and not GGP but the two are inextricably linked.

https://polaris.brighterir.com/public/starvest/news/rns/story/rgnn9vw

And Benrumpson and the Greatland Chorus singers sang

Some times the SP is bad
It can really make you mad
Other trolls just make you swear and curse
When you're waiting for the DTM to be official
Don't grumble, give a whistle
And this'll help things turn out for the best
And
Always look on the bright side of life
Always look on the light side of life

Hi Firefly maybe you have already seen this interview during your research but Callum Baxter a major shareholder in GGP and someone who has for many reasons an extensive knowledge and interest in Greatland Gold gives his views on the possibilities around the Newmont/Newcrest deal later in the interview. Great viewing anyway.

https://www.youtube.com/watch?v=tyjDRNi0D58

I “should have” paid more attention at school as well. :o)

I know it’s the first day of the new tax year and there will be a high volume of bed and isa requests but in this day and age of electronic wizardry I can never understand why they take so long to be carried out.
Ah well, I should of mastered the art of patience by now.
Good luck everybody.

I don’t think anyone is interested in “legendary status” or knighthoods. They are aware though of our BOD’s experience, knowledge and proven capabilities over many years in high level senior positions.