Member Info for mickey1122

General feeling is newcrest will have to pay a minimum of 22p for Havieron alone although I still feel will be considerably higher imo

Where did you come from HS, more importantly who were you before ... ggp and ncm good give us results early with anything else they want to say before or simultaneously , this is what all the debate is about as know one is sure as rumour and intrigue and strategies are all over the shop today . In at 0.0012 dyor

Guys?

Very important point spratt that’s kinda hard to comprehend but your right, we are at the beginning of the rise. Today this has come clear after some excellent debate on this BB.

It’s 22p min and selling on results could be agony, caveat as always is if bottle crashing or need the cash.

Highlights of the Farm-In Agreement

· Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target (the "Tenement Blocks") by spending up to US$65m (roughly £50m or AUD$90m) and completing a series of exploration and development milestones in a four-stage Farm-in over six years.

· After meeting the milestones in the four-stage Farm-in (set out below), Newcrest has the option to acquire an additional 5% interest at fair market value taking Newcrest's interest in the Farm-in to 75%.

· Newcrest will have the right but not the obligation to acquire up to an initial 70% Farm-in Interest in the Tenement Blocks in accordance with the following four-stage farm-in procedure:

o Stage 1: Newcrest incurs US$10 million in expenditure (inclusive of the Minimum Commitment of US$5 million) in relation to the Tenement Blocks (the "Stage 1 Commitment") within a period of 12 months;

o Stage 2: If Newcrest incurs an additional US$10 million in expenditure in relation to the Tenement Blocks (the "Stage 2 Commitment") within a period of 12 months from the date following satisfaction of the Stage 1 Commitment, Newcrest will earn a 40% Farm-in interest;

o Stage 3: If Newcrest incurs an additional US$25 million in expenditure in relation to the Tenement Blocks and delivers a Pre-Feasibility Study for a project on the Tenement Blocks (the "Stage 3 Commitment") within a period of 24 months from the date following satisfaction of the Stage 2 Commitment, Newcrest will earn an additional 20% Farm-in Interest (cumulative 60% Farm-in interest);

o Stage 4: If Newcrest completes and delivers, or incurs no less than US$20 million in expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (the "Stage 4 Commitment") within a period of 24 months from the date following satisfaction of the Stage 3 Commitment, Newcrest will earn an additional 10% Farm-in Interest (cumulative 70% Farm-in interest).

· Newcrest must incur US$5m in expenditure within 12 months of the Farm-in commencing (the "Minimum Commitment").

· Newcrest will act as Manager during the Farm-in period and it is expected that drilling at Havieron will recommence in April 2019, under Newcrest's management and at Newcrest's expense, and subject to Newcrest receiving all required regulatory and heritage approvals.

· The current intention of both parties is that, subject to a positive Feasibility Study outcome, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer Gold Mine ("Telfer"), which sits approximately 45km to the west of Havieron, delivering material economic and operational benefits for both parties. These include:

o lower upfront capital costs (no requirement to build a new processing plant);

o ability to leverage all existing infrastructure at Telfer (roads, airport, power, water);

o reduced time to production and fi

Typo Merc not spy

Absolutely on the money their spy , Havieron is a monster and GH GOT OUR BACKS

When GH said a billion £ company he meant it 22p absolute minimum ( thx Jerry ) current sp plenty gas in tank.

What % Merc an offer coming next week, just can’t see GH & co taking anything less than 20p?

That’s why taking 9p is strange when min is 15p

Well sell city if you need the cash , for anyone who has walked the walk here to bail at current levels will deeply regret it , this is an utterly unique like no other AIM situation , i appreciate the dilemma of course as I’ve had plenty of dog shares myself . I apologise for the ffs , bit unhinged with the constant excitement of being a greatlander. Gl all what ever you do.

Beat me to that one Schlem lol

Need to get realistic guys if thinking of top slicing next week yeh . What ever way you divi ggp/Havieron /newcrest situation or value up what is the point unless you want to get rolled trying to be a clever dick trader in selling next week when even the most ultra cautious investor can see the absolute minimum value is 15p and we could get their very quickly , I’m not going to miss doubling my pot out of complete illogicality . Hold ffs

Solves all and all benefit then Rio Takeover

Makes perfect sense imo

That would be a checkmate move by GH for us shareholders . Would keep all happy , allow Scally and PRE to roll out etc, it would be an absolute master stroke .

Let’s be aving ya

GH was NEVER going to give Greatland away for anything less than a great deal. ( those who were at the AGM and followed the story here know this ) That’s why the prize is so much bigger than most think here .

Hey Merc give us a clue ffs