Member Info for MH01

“ Okay, this is serious dilution at a steep discount. However, at the bottom line, the acquisition is costing $475 million or £363 million — if the market cap is circa £350 million, then the maths is simple enough that a child can understand it.

GGP currently holds 30% of Havieron and 0% of Telfer and is ‘worth’ £350 million.

This would make just 60% of Havieron ‘worth’ £700 million.

GGP is buying 70% of Havieron and 100% of Telfer for £363 million, but is paying much of this in shares in itself, and then cash at some later date.

Make it make sense.”

So many unhappy folk. Perhaps time to either put the shares in your drawer and come back next year… or cut yourself loose .. food for thought.

The banking debt facilities are also much larger now at 750mill… they will help fund CAPEX for Havieron.

£350mill market cap on 30% Havieron.

So what’s GGP worth now with 100% Havieron plus 100% Telfer plus the Antipa holdings Newmont owned plus O’Callaghans..??? Multiples of £350mill.

Then divide the much larger market cap by the new higher shares on issue. Share price should be similar to where it is.

Let’s see. This is the beginning of GGPs new chapter so it’s only up from here in my opinion.

New shares issued but also value of the company has increased as well. Wait and see how it all pans out.

GGP will become the main player over the entire Paterson region. The 573 page document is so detailed.

https://greatlandgold.com/investors/regulatory-news/aim-admission-document/

A yes vote ensures success. We go mining, We own it all. The alternative is not worth considering. Shocked as much as the next person seeing 4.8p. The deal is transformational. The upside is huge.

Anyone got the full link?

Spade, I can't read his posts so whatever he says is irrelevant to me :-)

"Now come on, why don’t you take a leaf out of mine & Freddie’s book, and make up with MH 🤝 ❤️ life’s too short !"

Dude, keep up. You just popped up today. Most of us have been here for years. We don't know next steps... nothing has been announced.

"Temporary suspension of trading.

In light of this leak, dealings in the Company's ordinary shares will be temporarily suspended from trading on AIM under AIM Rule 40, with immediate effect until such time as the admission document in relation to the possible acquisition and fundraising have been published in compliance with AIM Rule 14."

Wyloo have been involved in GGP for 2 years

News.... have you just worked out how to use ChatGPT or Google? Strange posting.

Wyloo are backing GGP to become the main player in the Paterson. That is far more important to read into... versus the FUD being posted here.

Seems it all went to pot after Shaun left in 2021.... so totally unrelated to Shaun... totally unrelated to GGP

Take your FUD away from here... seriously. What is with people.

https://www.afr.com/companies/mining/investigator-raises-alarm-over-salt-lake-potash-collapse-20220922-p5bkcr

Barna what is your point? You suggesting Shaun was the reason SLP went bust?

KPMG were appointed 20 Oct 2021 as receivers.

Shaun left Dec 2020 according to your post.

Did Northern Star go alone.... or have to ask for JV with a partner to hold their hands?

De listing? Someone care to explain?

I filtered Fred a while back as his posts were annoying me too much, but if after all the press this week he still is negative then god help him. We finally get want we all wished for..... and judging by the replies to him, he is complaining.

Yes Fred we have to equity raise.... how else is the money going to appear? The RSN stated a mix of financing measures to help shareholders.... of which Wyloo is a BIG one, plus all the Board have shares, plus incentive deals etc. They all need multi-bags from here just like we do.

Peer example, Northern Star was AUD$0.03 per share Jan2010... then they bought their first of many mines in June 2010 and ... and they hit $0.40 in Dec2010. NST has gone from $0.01 a share in 2009 to hit over $16.50 in Nov2020 by buying multiple mines along the way. They would have raised cash during their journey.

Wake up man and smell the quoffee!!

..about the Telfer/Hav deal..

https://www.moneyofmine.com/p/greatland-closes-newmont-deal

The news is out the bag and has been shared by dozens of media outlets https://thewest.com.au/business/mining/andrew-forrest-back-greatland-gold-confirms-telfer-talks-with-newmont-c-16003179