Member Info for MH01

Toffers you failed to mention Rio in your post. You not feeling well today ?

Let’s put forth a proposal to GGP. The back seat drivers to take over driving the car.

Worth revisiting to see who it’s progressed versus his views

https://youtu.be/tyjDRNi0D58?si=Q4Ddz7BkTvbHoUec

Aqua sounds like you should be selling your house to buy GGP shares… back up the truck and load em in !

Given the ongoing liability associated with Telfer I suspect a juicy discount is needed to tempt a buyer.

No need for guessing as you did here when better information already exists in the market:

""What's peeps views on the financing of Tel/Hav if we are offered Newmont's 70%? Currently, we have the offer from the 3 banks of a supply line of 220 million dollars. We also have 80 million available if I recollect correctly from Wyloo, thus bringing us to around 300 mill available in credit. If 5% was assessed at 85 million dollars, when it was discussed with Newcrest, then if we want to acquire the 70% at say roughly the same price as the 5% x 14, then that means we need around 1.19 bn dollars. Knock off a bit for good will etc, so say 1 billion dollars total, how are we going to finance it? we will be short of some 700 million dollars possibly, so this is probably why the market seems to be treating us with such disdain because where is the money going to come from, and the market will have an idea of what is going to happen before we will? or will Rio come in with us? What am I missing on costings? I know Shaun has said the Hav Feasability Study is not likely to be released until a decision has been taken on that credit line with the 3 banks.""

The document sent to Newcrest shareholders ascribed a valuation for Telfer, did you see it?

Annexure 1: https://www.newcrest.com/sites/default/files/2023-09/Newcrest%20Scheme%20Booklet.pdf

"Newmont's executive vice president for strategic development, Randy Engel, said the sale of Jundee represented the company's continuing efforts to optimise its portfolio and increase shareholder value by focusing on lower cost, longer life operations."

Toffers don't overlook the details ma'am..... details matter. Same will apply to Telfer:

"Under the terms of the deal, Northern Star will acquire all of Jundee's assets and liabilities including all environmental and employee obligations."

Northern Star bought their mine, Jundee, not far from Ernest Giles, in 2014 for the sum of US$82.5million. Yes that is not a typo. Thought to share as a comparison since it is a fact. Who did they buy it from?

https://thewest.com.au/news/wa/northern-star-buys-jundee-for-us825m-ng-ya-370812

Back to Tel/Hav any financing structure depends on the price.... of which we have not a clue.

Tig, you have an answer from Shaun, last week. Nothing further to add your honour. Judgement dismissed. Case closed.

Anyone think Shaun will put out an rns next Friday late on?

No I don't.

Toff as per your views, Shaun is too busy at RIOs HQ discussing which office he will have.

Sad reading on twitter #hzm. I suspect a lot of people losing a lot of money. It just keeps falling.

Talk about false promises..... down 84% in 2 days. Read the comments their to see what an actual company looks like with false promises. Shaun and team have integrity far above a management team like that !

https://www.lse.co.uk/SharePrice.html?shareprice=HZM&share=Horizonte-Min

Tig I am scratching my head. Shaun is always on the road selling GGP to the market in Oz, the UK, North America. Lots of presentations, lots of interviews, lots of shareholder engagement. You cannot attribute the share price to a lack of effort by GGP. Havieron at full steam ahead. New tenement packages being collected and drilled. Tasmania being divested. Winning the 5% battle. Improving the quality of the team to support moving from piddly explorer to gold producer.

I posted today my thoughts on the share price so I won't repeat. It is simply not enough buyers out there right now for companies like GGP. They have been chasing lithium, uranium, the top 7 tech companies, etc etc. Anyways, it seems you don't want to acknowledge these things.

Lots of back seat drivers "asking are we there yet"

"GGP is a small company that does little else but drill holes and calculates the value of their cores." - is this accurate?

Look at HZM.... smashed the past 2 days after delivering a massively disappointing update yesterday. Their operations are based in Brazil. Glad we are in Oz with a major partner with Telfer up the road.

In terms of SP it sucks balls. I will be more comfortable back over 20pence. So we need discuss "how" that happens, all of us can read a share price online.

Fred how long before you shareholders zoom out and look big picture to understand the "why".

Operationally GGP is heading towards becoming a producer and earning yearly income. All systems go. Big green tick.

On the other hand any share price is a simple equation of supply of shares versus demand for shares. The demand side of the equation is not controlled by GGP. We know money has left the sector globally... via GDX and GDXJ.

It will come back at some point, the experts suggest when the gold price pushes into new all time highs, hopefully next year. And this times well with becoming a producer, and the Lassonde Curve kick up.

Problem here is the same rhetoric is repeated... "I've logged on and the SP is down... blah blah... dagger dagger". No consideration with the catalysts both micro (GGP specific) and macro (gold sector, economy, money printing, interest rates).

Demand for GGP shares will increase on a bunch of catalysts....... producer = GDX entry hopefully; ASX cross listing = new demand; hitting key milestones = resource update, FS, DTM, new hits on other tenements, corporate activity.

No he is not. Shaun and new team saved GGP from oblivion. Gervaise screwed over us by leaving with pittance in the bank and selling his shares. Then NCM tried to screw over GGP. Without Shaun it is likely GGP would be dead.

The share price is down for the sector. Most of the juniors are down world wide, especially precious metals. Is that Shaun's fault? Go look at the GDX and GDXJ performance the past few years. Both are down. They reflect sentiment for our sector.