Member Info for pernickety

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.

Metal Tiger de-listed from AIM recently and their shares are held as CDI's (chess depository interests) on ASX.
Not sure about whether they can be held in ISA's, possibly depends on size of company.

Thanks Speedymeadie for your response, been out all day.

Hi Speedy
Never held any gold coins and thinking of buying some by post, you like Britts, who would be a reputable company to get a good deal from?

There are lots of opinions as to what Greatland will look like or be in the current year and next.
These are some of my thoughts
Firstly I cannot understand why Newcrest would let Havieron slip through their fingers after spending many millions to extend the life of mines poor grades at Telfer and the ongoing decline at Havieron.
NCM have always played down Havieron and continue to do so even after Newmont's advances for takeover.
GGP share price looks to have been held back for some time now (shorted) from a fairer value. This would help a major significantly in any GGP takeover. With around 5 billion shares in issue it works out about £50 million per penny so many millions can be saved when paying a premium offer from a low base.
A 50% premium on 10p is 15p and a 50% on 15p is 22.5p so it could make a saving of around £350 million from the lower base, well worth doing.
When NCM refused the extra 5% of Havieron as $60 million did not meet their hurdle requirement, (got the other 70% for not much more), was before Greatland had any serious funding in place and they possibly thought they could pick up the whole 30% for less.
If that were the case (and it might not be) Shaun Day already had a plan in place to protect GGP's asset by then raising substantial funds from Tribeca and Wyloo as backing to get debt commitment loans from 3 of Australia's largest banks for £130 million at a competitive interest rate.
He then put in place one of the strongest board of directors to grace any Australian company (who I am sure are nor there for the free ride) and intends a cross listing soon on the ASX.
What I do know is that Havieron and Telfer go hand in hand, Telfer cannot not exist beyond a couple of years without Havieron ore (grades running out after many years of mining) and there is nothing else coming on stream.
I also do not think Newmont are going away any time soon so why does NCM not declare what they really have at Havieron, and, I also do not think the likes of Wyloo will let NCM or anyone else for that matter pick up our share of Havieron on the cheap either, so I am watching with interest as things unfold.
Any other opinions welcome.

It will be a cross listing in ASX which should not affect shares held in a UK ISA.

In the ownership breakdown of GGP, the likes of Hargreaves Lansdown , Interactive investor, JIM, Barclays, Lloyds etc these companies will be holding the bulk of their shares in nominee accounts and ISAs for personal investors like yourselves and me .
The most of these shares do not belong to them, they are only custodians, so I do not see why they would have to notify an interest as the percentage would always be changing.
The main thing is that they are not in the hands of NCM and each and every holder of these shares has voting rights to use whenever they wish to exercise that option.
Having your shares in an ISA (especially if GGP goes up considerably) may save investors thousands of pounds in the future.

Jurisdiction and the markets confidence in the board of directors is most important with these types of companies.
Day to day running costs are too high here. I am only a small share holder from a previous company.
GGP has the management, jurisdiction and prospects but this is my opinion only and not advice to others.

Bruce Jack and Red Chris do not have an ailing Telfer in their vicinity which will need the Havieron ore as soon as possible, or, it will cost them millions with its low grade ore and eventually decommissioning as the alternative.
This is why Havieron is so important to NCM.
They have delayed the decision to mine as they keep finding more good grade ore at Havieron and want a bigger feed to Telfer.
Better to delay and get it right first time than regret that it could have been better.
I think we are all agreed now that the decision to mine only needs rubber stamping with what NCM have already spent on Havieron, around 1000 meters of decline already in place and more than adequate funding in place from GGP.
GGP also have the backing of Wyloo now, who, I am sure would be more than happy to take a piece of Havieron if the opportunity arose.