RE: What if GGP buy Telfer/Hav...29 Feb 2024 10:15
"Re: Newmont and Telfer (with Havieron)
Post by Rotherby » Thu Feb 29, 2024 9:57 am
Chris_On_GGPChat: Thanks for the sight of that, my ramblings continue.
I was correct that there was no real content over and above the headline, but it did fill some column inches.
I agree with Hydrogen that this company will grow wings if, and there is 'an if', Shaun can pull it off, he pulled off, Ilike Hydrogens picture of the way forward..
The doubters need to remember that the old management once Havieron came into play were out of their depth, when the share price was at the All Time High as a company we had commitments with NO means of delivering. Newcrest played with us giving more debt with the Juri JV, and obtaining asset, expecting that they would have 100% in due course. The old management recognised GGP was in a dead End Street, they chose well, enter Shaun Day, and his experience allowed GGP to put together the financing to get us out of that situation, Stage One of the SD plan
We come back then to the same statement, as Shaun explained to a Town Hall meeting I attended, how he courted members of the board, patiently over about a year, from memory, and at the same TH he made statement about where he saw GGP going. Collecting the board together with the 2 core investors that allowed us to hold the 'now magic' 5%, being Stage Two.
We have had to wait a while for Stage Three and moves made in Stage Two will prove there worth, it appears to have arrived.
Stage Four will be the ASX listing, the order of these could change depending on circumstances, but this looks like the order.
Stage Five of the SD plan is two fold , I think, to exploit our other tenements, and acquire producing assets should the opportunity present itself. IMO after this stage GGP will again become a Take over target not due to weakness but strength, and I am sure we will have left 7 many, many multiples behind."
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