Member Info for Ninetopprizesof

Speedy - "What stood out for me was when talking about Newmonts sale of Hav/Telfer SD said "with the ROLR we are in a very strong position"

Although Mr Day may have mentioned Havieron and Telfer in the same sentence, The ROLR only holds for Havieron.

ROLR is ground much treaded, here and elsewhere and no doubt by now a loathsome subject for many.

A simplification - If Newmont receive an offer(s) in relation to Havieron, they are legally obliged to present that offer(s) to GGP allowing them to match that offer. If GGP make the decision to match the offer, legally speaking there is nothing to prevent Newmont from going back to the offeror to inform them of GGP's matching offer, which allows the offeror the opportunity to increase their offer. That said, guidelines set out in the "City Code" appear to suggest that Newmont should set a closing date for offers, and "final" offers must be tendered before that date - GGP then have the option (in a contractually agreed timeframe) to match the best offer, should they choose to do so.

It's my understanding that the specified ruling jurisdiction is the courts of England and Wales.

So, GGP will know what the best offer is once all "final offers" have been made and it's then up to them to make a decision - that could be construed as "being in a very strong position"

Mr Ace, I'm afraid it's posters such as yourself who have helped turn this forum into a factory of one-sided information by twisting the words of legitimate contributors.

MH01 - it's a shame no-one picked up on your earlier post regarding Hemi.

"Shaun referencing Hemi to the Aussie audience to garner their attention"

It certainly caught my attention, and with very good reason!

I highly recommend listening to Mr Day's presentation, as lacklustre as it was, in particular from 4m52s to 5m30s. Absorb what he is saying and how he is saying it - maybe with an air of disappointment?

Form your own opinions - might GGP and De Grey be moving forward hand in hand? Who knows?

Dipp - "Your post makes no sense @9 - the negotiations and sale process will have been conducted by the rest of the team as required before his commencement - perhaps check the MD's background as a CFO out - he'll just be brought up to speed rapidly and with his experience and that of the team - there will be no delay caused by his appointment."

I alluded to the possibility that negotiations may have taken place prior to Mr Horton's arrival (...and most of the leg work already done it would still be a big ask).

It's your opinion, nothing more I would suggest, that "he'll just be brought up to speed rapidly and with his experience and that of the team..."

I didn't suggest there would be a delay caused by his appointment, that is your statement. I merely said it was a big ask to expect deals were in some way imminent - as suggested by other posters prior to my post.

Dipp - "Other factors may impede a resolution in 2024 as with any transaction, but your hypothesis is simply a bit absurd..."

It was an opinion and there was nothing in my post to suggest otherwise. To say I had presented a hypothesis, well, that's simply a bit absurd don't you think?

However, I do concur; other factors may delay or prevent a resolution.

Dipp - "As fir D&D, GGP are one of many many companies presenting and one of many with potential developments - hardly the main focus of D&D for all attendees and the mining industry. He'll have his slot and present - and f no exciting news tomorrow - then that's all there is to it as the next presenter talks through their slides than some huge pivotal event."

To propose, and condescendingly so, that I believed Greatland Gold was in some way going to be the main focus for all attendees is, to use a word you seem familiar with, absurd.

It was my view, which was quite clear, the presentation would need to suit the size and nature of investment being chased.

No point in turning up with tweaked copy of last year's presentation in the hope that potential JV partners, financiers, investors et al will be lit up.

Unfortunately there was little to add to last years presentation, hence my saying Mr Day has a difficult job to do at D&D.

Mr Day has a difficult job to do at D&D. The last couple of times he presented, his extoling of Havieron, along with ambitions of finding another "biggy" through exploration were sufficient in relation to the size and nature of investment he was chasing.

Massively different game for him now.

I suspect, contrary to previous presentations, exploration will get a heavier weighting this time round, Havieron alone just wont cut it (that is if the purchase of Telfer is to be part of the strategy).

Unless he does a Paul Daniels and pulls a rabbit out of a hat first thing for the market, then I feel it's going to be a damp presentation.

Did Paul Daniels ever pull a rabbit from a hat? Pretty sure there's someone here who has a video of such a thing, if indeed it ever happened.

Mr Horton only landed a month ago; to think he could whip up a deal with Newmont, not only for the 70% but also Telfer in such a short period of time seems like a big expectation to me. Even if we had cash in the bank, and most of the leg work already done it would still be a big ask. That aside, I would imagine the greater challenge lies in the financing options. All parts of this possible "scenario" are extremely complex to say the least.

Let's give the guy a chance to unpack his suitcase.

Personally, I can't see any sort of deal being done this side of Christmas. Who knows?

A bit stuck here, does anyone have info regarding our directors' planned remuneration for 2024, in particular the performance targets that have been set?

Last years performance targets were ambiguous to say the least. No definitive measures whatsoever.

https://greatlandgold.com/wp-content/uploads/2023/11/Greatland-2023-Annual-Report.pdf

As a shareholder, this really is a big concern. First impressions lead me to believe the directors will get their weighting in every section regardless of outcomes because, as mentioned, there are absolutely no definitive measures.

Hi MH01 - "Shaun’s presentation is 7am UK time on Wednesday, I think the implication is that something is being announced in short order, before the weekend and perhaps before the presentation."

Good work MH, no doubt your conclusion isn't based on the fantastical imaginary words of a poster on X.

In all honesty, despite the extraordinarily wishful chatter that has been flowing freely today, there is absolutely nothing solid to suggest we are about to receive any news in relation to Havieron/Telfer.

'tis on a new territory I stake my claim.

Should I care for those that have resided upon this territory long before?

B0ll0cks to that, I just want the cash, notoriety is secondary.

Mr Ace - "9 you are learning to listen more"

It's becoming more evident with each post that you are more equidistant from the centre of normality than I first thought. As is my nature, toleration and to some extent forgiveness was always at the forefront when conversing with you. Unfortunately, through your unnerving perverseness in seeking to stretch my good nature beyond the bounds of reasonableness, I feel that any continuation in our relationship would prove to detrimental to your well-being.

I suggest you take some time to re-evaluate the parts of your life to which you are obviously expending too much and needless effort (this one in particular).

It's just not healthy.

The grey area

Matty - "exactly at mid-point as unknown."

Which is exactly my point.

Thanks for clearing that up mentalmax. Silly old me, I shall think twice before raising a concern with you in future.

Not just a lesson for me but let that be a lesson for others on here who think they know what's what!

Thanks again mentalmix, and well done in being brave enough to get back to me despite orders from firstmodern to do no such thing - although he has responded to me on 3 occasions in the last couple of days:

"Ha Ha Nine itching to get out. LOL"

"Well that was a kick in the nuts."

"FUD again 9 tut tut"

Really don't understand why he dislikes me so?

"??Ninetop.. From gone half 3 to close there was clearly a flurry of buys at and above ask that topped out at 7.4p. Considering we got slammed on opening and buying seemed to start late in the day I think my comment still stands.

Perhaps check the transaction list now?"

Mentalmax, I'm not questioning the validity of what you said regarding a flurry of buys coming in at 7.3, I was simply asking for assistance. The determination of whether a transaction is a buy or a sell is at best a grey area, a topic well discussed on here and elsewhere. It would assist me and no doubt others if you could say from where you gleaned that information.

Sincerely.

MH01 - whilst having no wish to cast aspersions I'm pretty confident your man "Empty..." is a current poster on this forum.

Without realising, he exposed himself some time ago.

I shall say no more on the subject.

Mentalmax, happy to correct myself, official prints report that the 10:14 "possible buy" was a smidgeon below 7.3.

Mentalmax - "Something afoot? I see buys coming in at 7.3 atm"

Could do with a bit of guidance here mate, seems I'm missing something, with your help this could be another opportunity for me to further my seemingly weak understanding of the stock market.

As far as I can tell, the only transaction - possible buy - for 7.3 occurred at 10:14 this morning. I can't see any recent orders to buy at 7.3?

Would appreciate a pointer in the right direction. Thanks in advance. We all continue to learn.

Mr Ace, (ref ) 9 - Worth bearing in mind though that the box cut and further work was carried out long before the PFS, which is unusual,

"SD has commented on several occasions that the DTM was made some time ago."

I see, thanks for that.

Or would it be more accurate to say Mr Day made that comment once and then brought himself into check and never repeated it?

I don't know - it's your statement not mine.

It seems the forum has been ticking along nicely today, with very little disturbance. It's been pleasurable to take on-board the views and opinions of all posters.

Considering the direction of commentary, it seems odd that you would pop up with such an out of kilter statement.

Might it be that I am the only one on here who still gives you the time of day and you are feeling left out, or is it because you are holding a primed grenade?

The latter I guess.

If so, I suggest you keep holding onto it until such a time as there is nothing else to talk about on this forum.

Any further interaction from either of us will just upset the equilibrium.

Isn't that the June quarterly update?

Surprised you missed that one.

Barna - "If we get 100% of Hav what will it costs be from this point to finish the mine and buy the machinery (trucks )to get Hav to the point of a producing mine ?"

The PFS contained an element of contemplation, which of course shouldn't be the case with the FS.

Some of the contemplated elements of the PFS, and by no means all, included the transportation of ore from Havieron to Telfer on a new track using road trains. Havieron's power would be supplied from Telfer's power station using an overhead line running along the proposed new track. Telfer has 2 processing trains - capable of churning something like 1.8 million tons of ore per month. The PFS suggested that come the time of Havieron ore arriving only 1 track would be in operation. Newcrest went with the higher estimate of 500,000 tons of ore per month (bearing in mind that in the early years it would be likely half of that). On top of that, changes would need to be made to accommodate ore from Havieron. A large amount of copper would be coming from Havieron - not the same as Telfer ore, to achieve maximum results from the end of copper process a fair amount of iron sulphide would need to be separated - not a process I'm familiar with.

Anyway, for the Havieron project Newcrest came up with a cost of $530m. That was some time ago now, will that figure increase, who knows. I have no idea what work has taken place - maybe some, maybe none. Worth bearing in mind though that the box cut and further work was carried out long before the PFS, which is unusual, so I suppose there is a chance some work may have been done.

Is it financially viable to go for another, or several cut-backs at Telfer? Maybe not for a big miner but in my view, it could be beneficial to the likes of Greatland.

As you say barna "This will need to be reflected in the sale price .At the moment this is a unfinished project for sale so worth a lot less at this point .There are still risks to factor into the sale price ."

A worthy view barna and I guess at some point we will find out.

On a side note, a poster, who's name escapes me, seems to have totally misunderstood my intentions when referring to first right of refusal on Scallywag, and in doing so has garnered some support in attempting to defame me.

Let me be clear, the biggest gold miner in Australia (at the time) wanted in on Scallywag as part of the agreement on Havieron. Our board at the time held tight, because in their mind, perhaps, Scallywag had the same potential as Havieron. So Newcrest said ok in order to get the deal done, at least give us first dibs on Scallywag. No doubt at that time Newcrest though Greatland was going to go down the same road as most explorers - vanish.