GGP is getting bashed because the muppets know it will be a winner and they want you to part with your shares so that the fat cats and spivs can buy them up.
We have a good idea of who's payload it may be or reduce some of the other options.
The ROLR on Newmonts 70%, if exercised by Greatland will give them 100% of Havieron.
If GGP want less than 70% with a deeper pocketed partner of choice Wyloo , Northern Star or another, this partner could then loan the money to Greatland to complete the transaction for the 70%. All legally done of course through a subsidiary company.
Greatland and this new partner could then divide the 70% as to a previously arranged agreement and if debt was a problem GGP only need to take whatever percentage they wanted.
So the ball is very much in GGP's court with their ROLR agreement if Newmont sells.
This is only how I see it, others may see things differently or it may depend on the wording of the ROLR.
I think the monthly buying brigade here is quite substantial.
I had some more today getting my price average lower and have high hopes for the future.
Might not be so easy to shake out the personal investors at this low bargain price.
Miners need ASX listed.
London is failing companies and losing any new prospective listings.
Shorts buying some back?
A third party might be allowed to get Newmonts 70% but it will be a partner of Greatlands choice and they will certainly not be getting GGP's 30%.
More like GGP might be having some of theirs.
If Wyloo were to take on Telfer they might need it on the same terms as Newmont 70/30.
50/50 would be great if we could manage it.
Telfer has been a thorn in the side of Newcrest for years now, spending many millions to extend its mine life until it gets the Havieron ore.
Newmont has inherited this problem and knows that nobody would be interested in taking on Telfer without them having to sacrifice their share of the Havieron mine.
Huge decommissioning costs and the loss of hundreds of jobs is the alternative as there is nothing else in the area, and it would take many years for any new find to produce ore.
The 7.7275p sells are buys as I have just topped up.
Havieron should be a producing mine in a little over 1 years time with 80% of the decline now completed and the ore transportation road to the Telfer mine well on its way as well.
It is just whether we have 30% of the revenue, or more if Newmont divests, or we get bought out.
Telfer is desperate for the high grade ore. Its grades are very poor and many millions have been spent extending its mine life as opposed to decommissioning it.
AISC (unless it changes) was agreed at $643 per ounce to process Greatlands share of the ore which is good with gold on the rise. I must not forget the copper and silver as well.
There are approx. 1200 workers at Telfer with all its infrastructure in place including an airfield and the Australian government would rather these workers did not lose their jobs.
Newmont also think other finds may be made in the area to feed Telfer but they would be years away from first ore.
I still hold some Solgold which is now rumoured to have Chinese interest and may be bought out, but we do not know when. It could be this year, or next, or longer. If SOLG do retain part of it their timescale for mining will be considerably longer as they will have to build a block cave mine which will be expensive and all the infrastructure that goes with it.
I am also elderly but see a Greatland as my better option at this time with less risk. I am also happy to have Shaun Day and top class board of directors in place plus Wyloo as a strategic shareholder in a top class jurisdiction as opposed to Solgold who are in Ecuador and have Newmont and BHP on their books who are just waiting to see what happens.
Time will tell we just have to have patience and stick it out with the fluctuations in the share price.
The lows in he share price do seem to be getting higher. Lets hope we do not see any more 5's 6's or 7's.
Sorry I meant Doozer.
Think it must have been predictive test.
Boozer
On EEE
Another poster mentioned on another thread that the titanium extraction from the hard rock may be difficult so you should check it out.
It has been the story of RRR's life.
Issue of equity to keep the salaries going and never achieving anything.
I do not know how they manage it.
Obviously has no life.
Wyloo will try and make sure it is not sold on the cheap as it needs to go to considerably higher to cover taxes on their options as well as a decent profit on their initial stake.
If Newmont are divesting I am sure they would also be interested in some of the 70% that would be vailable.
I think Greatland and Wyloo would get on just fine.
Timber Trader
It is very reassuring to know that if GGP were to give up their AIM listing sometime in the future to be on the ASX (after they list), shares can still be held in an ISA.
Antigua
I agree that if we were to be bought out an upgraded resource would certainly be beneficial to GGP.
You said an upgraded resource would make zero impact on any valuations.
I expressed an opinion that an upgraded resource would increase the share price of GGP which would be great, but the gold and copper in the ground (and Newmont will know what there is) is not going anywhere.
If Newmont was selling Havieron for which GGP would then have first choice and wanted to do a deal, (depending on timelines) I would be inclined to keep it low profile as any upgraded resource will have more than a years drilling to be added on paper.
In the end it will probably not make any difference and I have got it wrong, with the JV upgraded resource to be published in due course.
I think a resource upgrade would affect the share price of GGP, it would increase.
If Newmont was letting go of their share of Havieron, least said the better until a deal is done.
Solgold has a full London listing and Greatland is on the AIM casino, might have something to do with why SOLG has held up better.
I still have faith in GGP and buy monthly.
I think the only way Newmont (if deal goes through) will give up 70% of Havieron is that they may have to sacrifice it to get rid of Telfer which will become a big liability.
Otherwise IMO they will attempt to buy our 30% of Havieron and we have to make sure they pay sweetly for it.
I would personally like the JV to happen whether it be with Newmont or Wyloo or another, but have faith in SD and his team to do their best for us.
No absolutely not, I was replying to an earlier sometime in the future post.