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Https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xj7n0ox
Mr RSI. Tbf nobody really cares much here about the daily swings, the candle patterns etc. If that is your thing, then fair-do's and good for you. Most here are holding their shares waiting for the big news events, the topics of which we discuss weekly. We expect to see the share price many multiples from here, which your daily charts cannot capture.
I feel similar that GGP is working on buying Telfer+Hav. Shaun has said as much during London TH visits. But there is a process involved and how long that takes........ how long is a piece of string. All GGP stakeholders are well incentivised to make this work and rerate GGPs valuation. Wyloo and Tribeca are cornerstone investors. The Board and Management Team have vested interests here too. Callum Baxter is a large shareholder.
It sucks balls waiting and watching the share price but a lot of the sector is also experiencing similar. There are some companies doing well right now, typically those with gold/copper revenue. We are in the development stage so not so lucky. Sentiment and volume will change this, as discussed previously.
Https://www.linkedin.com/posts/greatland-gold-plc-ggp-_havieron-ggp-greatlandgold-activity-6837987727808573440-PVZG/
""Simon Lawson
Managing Director at Spartan Resources Ltd
2y
Great comparison for size. Here comes the 20Moz gold and at least 1Mt copper metal!! Forward looking statement of course.""
Hopefully this works... examples of LinkedIn posts then read the comments
https://www.linkedin.com/search/results/content/?keywords=havieron&page=3&sid=xJC&update=urn%3Ali%3Afs_updateV2%3A(urn%3Ali%3Aactivity%3A7166537123255304192%2CBLENDED_SEARCH_FEED%2CEMPTY%2CDEFAULT%2Cfalse)
https://www.linkedin.com/company/greatland-gold-plc-ggp-/posts/?feedView=all
I have read comments from geologists on LinkedIn in the past, thinking 20mOz for Havieron. Worth finding posts from GGP and Shaun over the last year and two, then reading the comments.
https://www.linkedin.com/search/results/all/?keywords=havieron&origin=GLOBAL_SEARCH_HEADER&sid=tq3
I read the transcript different to you, I read it as the BOOK value of the assets held for sale is $5.7bill which is not the price they are for sale. Instead the 5.7bill is the total capitalised costs spent over the years, the book value.
Each asset is on the market and the bidders will determine the price.... ie. 'price discovery'. $2bill total has been touted as the happy point for Newmont.
GGP is only concerned on Telfer+Hav. Dip referred to the Grant Samuels valuation from last year as a guide. The good news for GGP is that given Newmont's large portfolio they won't be concerned about being hard-nosed on a certain price per asset. Because their other assets are profitable and cashflow positive. Compared to a smaller company offloading and looking to get as much as they can, Newmont seem to want to rid themselves of their unwanted assets in order to focus on their wanted assets.
So I suspect buyers for the divested assets are hoping to nab a bargain. Shame we will not know who is bidding for Telfer/Hav and at what price. I gather we will only know once an agreement has been reached and can be announced.
Insightful Dip, thanks for the effort in composing your messages. It is therefore obvious why GGP cannot comment on Telfer/Hav. Newmont is the seller and there is a process to follow. And it is not an automatic given that GGP will buy both. GGP cannot make comment on someone else's asset sales, that's not their place. We can all assume that GGP is a contender to acquire both, and so we have to wait for an outcome. Which could take months, many months, we just don't know.
In the meantime we have to hope that Havieron is continuing forward and not stalled.