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Excellent news re EG and it’s wholly owned !
SD is clearly on a quest to find that elusive next’ needle in the haystack’ but in this case , we know there’s something already there ; and with GGPs growing exploration prowess , backed by boardroom negotiation skill sets , plus his lofty ambitions to find another strike … it’s timely , given our sandwiched situation in between all the big gold players !
David really could give Goliath a run for his money. Hoping so !
GLA!
Love this repost by SD on twitter two days ago :
,Greatland's focused on growth. MD Shaun Day said $GGP is “well-positioned to make the most of all value generative opportunities” following the strategic cornerstone investment from Wyloo of £33.5 million and other funding’
Onwards & Upwards !
GLA!.
So Bloomberg leads us to believe that TP has made no decisions yet. However we don’t know what discussions anyone has already had in the background.
Some on other sites think NEM are now acquiring GGP shares. Yet before my understanding was that they thought NCM were acquiring them before now !
We know that SD wants to build a multi bn dollar Co and go mining etc and he has the super board behind him and in place to expedite that !
Issue is NONE of us here know anything only what we can speculate on ; and of course the press calls it every which way. More recently speculating that we will be divested along with Telfer.
Point is there is uncertainty and until so,e clues or leaks appear were likely to hover around this range unless pog explodes well over 2 k anyway I suspect.
The MRE will give further clues and its timing.
But right now uncertainty rules and if we’re unsure then so is the wider market.
We can only hope SD has our back and has it covered. Can’t think of many leaders I’d like to see navigate this. At least we know he’s ambitious one way or the other.
But let’s wait for some more facts first. This is nail biting stuff. But at least we’re in a casino with some people on our team from the house in my view !or at least capable of dealing with the house and remember we hold so,e of the most valuable cards !
GLA!
Would be a shoo-in for NEM to sell to GGP at an early stage and IMHO better for us, if that is their plan, as certainty is what moves markets amongst other more obvious achievements; as we have seen in no uncertain terms (forgive the pun!) this past 2-3 years or so!!
Certainty sooner would be my favoured outcome; one way or the other!
GLA!
''We’ll look at the portfolio we have and take our time to integrate it safely, and welcome new colleagues into our business. And then we’ll think carefully about how we might rationalize our portfolio over the next 12 to 24 months to meet that $2 billion commitment,” said Palmer.
Palmer said the company has not yet decided which assets to sell, though the strategy has been subject to industry speculation. Two Australian mines acquired from Newcrest — Telfer and Havieron — are among several operations analysts have predicted Newmont will put up for sale.
©2023 Bloomberg L.P.''
👀nearly popped out of my head on seeing 2 rnss. I was thinking MRE & Offer !😅
But good to see such positivity! 3000sq m alone of prospectivety in the Paterson alone.!
That ,alone , is eye-watering for the future !
Roll on good news after good news !
GLA!
Plus remember we still have the updated MRE to come this calendar year !
My expectations run across varied points :
- if we get 8 m then that’s the minimum Imv
- 9 -9.5 m would be good , and given SD has said expections around a 50 % reserve inc given two years growth etc is feasible
- 10plus m and I’d say that’s fantastic and I would hope my friend and LTH Tig would be doing a Tig- Gig around the town hall meet if announced :-)
It’s more news to come anyway.
Cmon GGP keep going ….
There’s a long way to go to my target yet !
SD may be a newish MD from previous roles as CFO but he understands numbers plus he was a party to huge growth , as such , as part of the NS leadership team.
He’s also probing to be a savvy MD and master chess player thwarting obstacles with prowess and nerves of steel imho.
In my experience in the corporate world , if someone sets a high bar and a goal at this level and have the time energy and stamina with nerves of steel on top to go for it ; they will keep trying till they get there , rollercoasters n all.
He wants to build a multi billion multi asset Co. I say watch this space …. And if we get taken out before then I’d rather he we’re negotiating it than most other weaker folk at the helm.
In our case , thanks to his efforts , we don’t just have one leader : we have several. Thank Christ for that in this mucky game !
GLA
Talking of Wyloo and their warrants ( potentially upcoming to add millions to our coffers if exercised at 10 p )does anyone recall the share talk article which ostensibly quoted the CEO of Wyloo saying this ( could still develop into a Tier 1 according to him). :
Luca Giacovazzi, CEO of Wyloo Metals, commented: “Havieron is one of the most exciting discoveries in Western Australia’s emerging Paterson Range that continues to grow in scale and quality as the understanding of this tier-one system evolves.
We are proud to be supporting Greatland to develop WA’s next copper-gold mine into a low cost, modern mining operation with very high environmental and social standards.
“We are equally as excited to be supporting the Company’s ongoing exploration of its expansive tenement package, which we think has great potential for further discovery.”
Be nice if we got another 35 + m into the pot ! A steal @10 pence!
GLA!
I remember ,a few years ago, when visiting friends in Portland Oregon ( deadly dull ) they took me on flying few days visit to Reno ( the smaller shabbier version of the Vegas strip !). Not being an accomplished or willing gambler , at the time , I grabbed a small bucket on offer for coins for the slot machines and a slightly larger bucket for my chips ( for black jack don't you know ..) !
Anyway, my friends left me to it, as it was an adventure navigating the shiny slot machines on offer and the James Bond style black- jack tables surrounded by people carrying wads of dollar bills and chips piled high !
Plied with free booze and platters of USAs finest crappy snacks , I recall day was night ( when we slept ) and night became day as we all frittered away our bucket loads on a juicy ( this has to be it !!) gamble all night long .
My friends always knew where I was. I'm exhuberant when winning you see cos I yelled yaaaay( when winning ) but whoahhhh sadly when losing. I was easy to find if they lost me amidst the glittery machines and the Green baize of the gaming tables ... ( btw there were more amounts of whoahhhs a than yaaays at the time....obviously ... it's a casino right?!! !)
Anyway , here in the land of AIM .... again I find myself surrounded with shiny things. Dollar a dime companies with the odd growing miracle made up of dirt mainly but maybe with some shiny stuff inside it. Is this the miracle ? A tiny company with a savvy MD and a brown up BOD made up of previous winners ! These aren't gamblers are they. They hate to lose !
So I'm hoping for a big yaaay at the end of this one. It didn't look much of a winner when I bought it. I just like gold and it had been a while since entering a casino. And boy, is AIM one big casino! But as time goes on this looks more and more like a winning streak.
Let's hope that in GGPs case both the house and its shareholders all win win !
GLA!