Member Info for MF11

Journalists certainly seemed to be pushing the thoughts put forward by Daniel Morgan, an analyst from the Sydney-based Barrenjoey investment bank of Newmont divesting Telfer / Havieron and GGP/Wyloo being the only feasible suitor.

“With the #GGP shareholder base we have, the strategic investor in Wyloo, the board and management team, we have, we think, we represent a really credible counterparty to Newmont both as a joint venture operating partner or as a potential financial counterparty.”

https://www.share-talk.com/australias-leading-gold-miners-are-not-attracted-to-newcrests-remnants/

I guess as SD has frequently stated that he would only publish an updated MRE if it is beneficial for GGP to do so. With so much going on in the background, now is obviously not the time. Why increase the value of something you want to buy.

Https://www.youtube.com/watch?v=D2kHhg_0Om0

Greatland from 34:49

I think you can safely say that Charles Archer is a fan - low risk and high reward in his opinion.

With regards to the Newmont email to Jerry, I would very much take it with a pinch of salt. As it was pointed out to me the other day:

The Newcrest Website - https://www.newcrest.com/our-assets/asset-overview

Has 5 Operations (Brucejack, Cadia, Lihir, Red Chris & Telfer).

and

2 Advance Projects Havieron and Wafi-Golpu.

In my mind, Newmont have told Jerry absolutely nothing via their email correspondence, simply confirming the categorisation of the Newcrest portfolio.

Sorry so good I posted the link twice

https://inventum3d.com/c/greatlandgold/havieron

Well in the interim it might be worth feasting your eyes on the updated 3D model of Havieron. As found by Strudel on Telegram.

https://inventum3d.com/c/greatlandgold/havieronhttps://inventum3d.com/c/greatlandgold/havieron

Yes Jerry.

and don't forget Vaneck trying to buy another 500 Million when we are added to the GDX Fund.

Courtesy of Dot on the Telegram site. See page 15 of the report

Havieron

The main source of emissions forecasted at Havieron will be from the combustion of hydrocarbons in vehicles and diesel generators and from the clearing of vegetation.

The following emissions reduction programmes will be considered at Havieron:

....

Underground mine haulage via an electric powered shaft and winder

Looks like they are investigating the possibility of more than 3 MTPA in the mining plan.

Https://www.mining.com/web/kinross-gold-said-to-reject-takeover-approach-from-endeavour/

Kinross are the current;y the largest component of the GDXJ with a weighting of 7.43% of the index. Endeavour currently rank 4 in the index with 5.37%.

Although the initial offer appears to have been rejected, any deal would likely have a fairly drastic impact on the weightings of all of the other components in the GDXJ.

I guess it's a case of watch this space with M&A hotting up in the industry, and if it will have any impact on GGP.

Approved on 27th June.

https://twitter.com/BootsEmpty/status/1673976265114546178?cxt=HHwWhMCzyeiilLsuAAAA

https://minedex.dmirs.wa.gov.au/Web/environment-registrations/details/118561

Particularly like the closing summary of the article -

Looking ahead, Day envisions two main areas of focus upon achieving initial cash flow from Havieron. On one hand, a commitment to growth and debt reduction signifies the company’s intention to strengthen its financial standing. On the other hand, Day’s personal preference for dividends indicates that rewarding shareholders could also become a priority in the company’s future plans.

As the journey unfolds, observers can anticipate Greatland’s progress with eager anticipation. With a clear direction, strategic partnerships, and an upcoming listing on the Australian market, the company looks poised to offer potential investors an exciting proposition, while rewarding its current shareholders. As they say in mining, the real treasure is the journey, and Greatland’s path ahead certainly looks golden.

Another article in Sharetalk - https://www.share-talk.com/greatland-gold-ceo-shaun-day-sounds-quietly-confident/

In the same vein as yesterday's, more positivity about the direction the company is heading in.

So Alastair's great article was straight from the horses mouth, so to speak.

https://twitter.com/shaun_day_/status/1671790469985210368?cxt=HHwWgMDQ5eWksrMuAAAA

Https://www.proactiveinvestors.co.uk/companies/news/1018495/greatland-s-shaun-day-says-its-steady-as-she-goes-at-havieron-with-production-on-track-for-2024-1018495.html

Very positive article from Alistair Ford on Proactive.

@Sandgrounded - you say - "I would love it if we could afford it, but the sp needs to rise considerably if we are to be successful. The accretive value of owning 100% against the issuing of billions of shares, is the question we need to look at."

As previously mentioned, SD has stated that he may be able to upscale the debt facility by up to $500Million without any dilution from an equity raise.

Even if he were to dilute by 5 Billion shares to attain the 100% of Havieron, a dilution of 100% to have an uplift of 233% of the resource, and total control of Havieron, would be majorly accretive. Noting that the banks would not be prepared to lend the money if they considered this to be any sort of risk.

That said, and as stated previously we should wait for Shaun to update us on his plans.

Perhaps it would be of benefit for you to revisit my notes from the last town hall - https://www.ggpchat.co.uk/viewtopic.php?t=676&sid=ff95e5cb9d7850fc910f7bceb15a70eb

I will leave it there, and await further developments on the subject from the company.

@Sandgrounded -

No disrespect but have you heard of the game "Capitalism II" - Its all about managing your companies, you manage your products, your sales projections, your plan to establish new factories and other things related to management of your company assets. This game would make you run a business as the chief executive officer while preventing the business from going bankrupt or being bought out by a competitor. Its an old game, I am not sure it can run on windows 7 or above.

My recommendation to you would be to source the game above and let Shaun Day run Greatland Gold.

FWIW: at the last Town Hall, Shaun talked about upscaling the current debt facility based upon the % of the asset owned.

I.E. He negotiated access to $220Million of Debt with 30% ownership of Havieron, he has stated that he has already been in discussions with Banks about upping this debt facility by $500Million if we were to attain 100% of Hav.

Strike in Mexico mine - suspension of operations there.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1101-nyse/nem/142922-newmont-urges-union-at-penasquito-mine-in-mexico-to-abide-by-labor-agreement.html

Interesting to read Charles Archer's thoughts on the implications of the NCM/NEM merger on the 100% of Havieron talk.

If it's Motley Fool then it is not to be believed. They are always far from factual.

In other news- via Paddy

https://twitter.com/paddygall1/status/1658758544173170689?cxt=HHwWgoCwmfCGjIUuAAAA

https://minedex.dmirs.wa.gov.au/Web/environment-registrations/details/118561

Kevin - The one in liquidation?