Member Info for pernickety

I have kept my eye on Greatland ever since they first discovered Havieron but could see as time went on Newcrest were strangling Greatland in their Havieron JV.

Working from a Newcrest A$50 million compounding loan at 12% pa, and being a very poor J V partner, it looked like just a matter of time before GGP would have to sell up.

I got involved when Wyloo stepped in with a far better A$50 million loan and provided support.

I also could see that good management were being employed from Northern Star, and the likes of Elisabeth Gaines, Jimmy Wilson and Mark Barnaba, were not there unless they thought Greatland could be successful.

I was also very aware of the last right of refusal on Havieron, which if exercised, Telfer was most likely to go along with it, as Newcrest would struggle to sell it. Newmont later sold them as a bundle.

I thought Greatland could then do well but had no idea just how well Greatland could, and is doing.

Shaun had the vision 4 years ago and we are very lucky to have him.

Unclemal

I hope you take no offence, but I would not let a very wealthy friend look after my affairs.

Unclemal

You have a large Perseus holding and need to take control of your finances.

Some people may not always work in your best interests.

Work collectively with posters and platforms, or take some financial advice, and with your own perseverance you will get get it sorted.

I would give Interactive Investor a phone regarding your holdings.

Hargreaves Lansdown does nothing Australian.

Interactive Investor is probably one the most versatile platforms in the UK that does Australia, including holding ASX listed companies in your UK ISA.

Goldprice.org

X-O is part of Jarvis Investment Management and i thought ASX listed shares could be held within a Uk ISA with them.

They also have Share Deal Active as another of their platforms.

I am not sure however, so would be worth checking out Jarvis further as to whether they do ASX shares or not.

Minyari Dome ore was an option for Telfer feed, but past and current drilling at Telfer has produced a 3.2 million ounce resource which is set to increase considerably over the next couple of years with new higher grade finds.

The problem with Minyari is that it is 35 kilometers from Telfer and a road needs to be made between the two.

Greatland would probably toll the Minyari ore which would be an option for Antipa if they do not mine it themselves.

Greatland will not need Antipa's Minyari Dome now, Telfer already has a bigger resource with much more to come, 6 drill rigs currently on it .

Minyari is 35 kilometers from Telfer with a road having to be constructed through the sand dunes which will be costly.

Best option for Antipa is to mine it themselves.

It is good to see Wilki/Parklands getting drilled which would be a better future suit for Greatland, or we might find something on our own tenements closer to Telfer.

There has been a lot of speculation about Greatland buying Antipa, as it would have been an option if Telfer was to run out of ore before Havieron could start producing, but Telfer will now have at least 10 years of producing its own ore.

Shaun also said mergers and acquisitions is not on his agenda and he is happy with what he has got, and wishes to focus on Telfer and Havieron, with production from Telfer hopefully paying mostly for finishing Havieron, which will reduce the amount of debt required from the arranged facility.

Greatland is in the fortunate position of currently having no debt and Telfer producing gold at all time highs, plus its copper which is a big earner as well.

I think Norther Star's first mine was Paulsens in 2010 when they transformed from an explorer into a producer and it cost them something like A$15 million.

Wyloo can buy 50%of Newmonts shares at 7.2p

In the RNS of 18/03 the Telfer mineral resource after 15 weeks tenure was 3.2 million ounces of gold and 117,000 tonnes of copper from 154 million tonnes of ore.

In the Sunday roast interview at around 35 minutes in Shaun said there was 185 million tonnes of ore (may have been a slip of the tongue) and 25 million tonnes of ore in the stockpile that was not included, that is 210 million tonnes of ore, and at 20 m/t per year throughput is over 10 years mine life for Telfer, but the best has still to come with 6 rigs on site and an updated resource with higher grades later in the year which will include West Dome Deeps.

Telfer will probably have more like 15-20 years stand alone mine life without Havieron.

The ironic thing here is that Roger Mason CEO Antipa, said 8 or 9 months ago that Telfer ore was rapidly running out of ore and Greatland would need Minyari ore to keep going.

Telfer has now 3.2 million ounces of gold and Minyari 2.3 million ounces, my how things can change in a few months.

Buyers paid more than half of one pence more for shares yesterday and today there are far more buys than sells, yet the share price goes down.

IMO this is to accommodate a large buyer, at a lesser probably agreed price to suit the buyer (money talks) and the MM's who make their money off the spread (which would be a lot) and the loser, besides yesterdays buyers , is the company that is being manipulated.

Not much surprise London is failing companies that are moving and listing elsewhere.

It is a common complaint that companies are valued less in London than other markets.

When Greatland cross list on Australia with one pool of shares for both, their share price will increase to be equal to similar Australian companies which are valued greater.

I just hope when Greatland do cross list on ASX and retain their agreed London listing, they take a full London listing as it must surely be a bit better than AIM which is embarrassing.

Telfer has 154 million tonnes of ore at the latest update which is 7.7 years of production filling the 2x10 million ton trains.

There is far more to come from other areas like West Dome Deeps which which will give Telfer well over a ten year mine life.

4 rigs working on Telfer plus another 2 should provide significant results.

Consolidation will happen at same time as ASX listing, why, because Shaun said so.

The timing is not right for any move to buy Antipa.

The Telfer ore trains are being filled with the Telfer ore and with continual drilling to find the resources that Newcrest could get the funding to do, should give Telfer at least a 5 year plus mine life, so we have no need for Antipa at this time.

Telfer production will pay for most of Havieron which makes much more sense than buying Antipa.

Antipa will be drilling Wilki from April this year so something for the future may be found there, Parklands is much closer than the Minyari resource which is 35 km from Telfer.

I think personally Telfer may have a 10 year plus mine life.

Wyloo have an option (10.2%) on half of Newmonts 20.4% stake which will no doubt be taken up after the year lock in period is finished.

Hi Droverman

I cannot understand why Shaun would want the share price under 100p with consolidation.

What would be his thinking there?

The haul road from Havieron to Telfer is shortest through the Wilki ground but in the future if Antipa develop Minyari, what about infrastructure and access to it.

Would they build their own airstrip and accommodation for their workers of would some of it be shared with Telfer.

Agreements may be reached to suit both parties on this type of thing which may include the haul road, or does it not work like that.

I think the consolidation is happening concurrently with the ASX listing.

Yes you can move your stocks and shares ISA to another provider/platform, but if you are thinking about Greatland nothing will change for the foreseeable future, a London listing will remain.

If you think about changing in the future, choose one that deals in Australian shares.