RE: GGP shares13 Jun 2020 10:24
Morning Stebol,
Fair points but just to clarify...I am saying' paltry' original amount, only with hindsight in mind. I agree entirely that were it not for the excellent relationship and arrange GGP have with NCM and Sandeep, we may be in a different boat financially and back up and mining -expertise wise. I agree. It was a great deal at the time.
The pointI make now refers to 'future' agreements only, in so much as , knowing what Hav now has potentially and the similarities it shows and it geology structure as described so knowledgeably by our own Magic etc....GH now has a much STRONGER power and insight and business savvy and can negotiate better terms. Given the size and potential scale of Scally...if the first few holes show the same potential doubled, tripled or quadrupled...he would be wrong NOT to do a better deal.
That all said, NCM gave GH et al the start expertise and mining support we couldn't have done without. This fact, the good rapport between them, and TELFER especially makes a continued relationship viable and purposeful. Sandeep knows this. GH knows this. But if Rie et al want to sniff around as TTB said earlier....the deal will be even sweeter, and GH will have some allegiance to NCM if the deal is sweet enough.