Member Info for pernickety

Half of the sells will be buys.

Most of the unknowns through the day (millions) shown after 4.30 are buys.

Stop losses will be triggered.

All to create liquidity and disenchant PI's.

Argonaut's review of Greatland not up to much.

They think the AISC for Havieron is A$1250 when it is published on Greatland website as A$818.

They also said to finish Havieron would cost A$1 billion and Shaun said on the Liam interview it would cost around A$800million.

Missed a bit of my message.

Ggp has too much shares in issue

There will be consolidation sorted out with the ASX cross listing as GGP , Shaun said so.

No share buy back, only consolidation.

Gold price rocketing and Greatlands market cap is about the same as the value of the ore ore pile at Telfer, everything else for free.

GGP may have never been invited to take part in the AZY raise.

Antipa has not been really that friendly since we took over Telfer and the rest of Havieron.

Not allowing the farm in at Wilki to continue and thinking Telfer needs the Minyari ore.

I do not really like Rogers tone of voice.

Greatland is doing fine thanks, we have plenty at Telfer.

Besides 500,000 ounces of gold at surface (no AISC) only minimal handling costs, there is also 20,000 tonnes of copper to come from that ore as well which has also to be taken into consideration.

This ore pile is also being added to daily.

Newmont has retained 20.4% of Greatland.

They would not have done so if they were not confident of success at Telfer and Havieron.

I think they also know that Havieron will be a tier1 mine in time as it has a lot more than 8.6 million ounces in it.

Newtothis

Shaun Day has been previously involved in taking over 5 mines when he was with Northern Star with less than a years production left in them.

All of these mines are still producing 10 years later and Telfer will be no different.

Newcrest has missed millions of ounces in their tenure of Telfer which we will benefit from, and the mill has been refurbished to do the job.

The tailings facilities repaired and guaranteed as well.

Or in other words they got Telfer and 70% of Havieron 83% cheaper, and it included all of the Telfer infrastructure

The Money of Mines guys in Australia did a math calculation comparison and worked out that Greatland Gold only paid 17% for Telfer and Havieron from Newmont of what Northern Star paid A$5 billion to De Grey for the Hemi gold project and they are comparable.

No wonder Greatland is undervalued.

Being Australian domiciled (still having a London listing) makes it easier to do deals in Australia when buying assets in the future, for example to supplement Telfer feed

Goggles

It may have said that, but it has been confirmed as a cross listing if you read earlier posts.

Hargreaves Lansdown does not do Australian stocks.

I am not with them but have had correspondence to that effect.

In the Antipa RNS of 28/02/20 it states that when the farm in requirement (stage 1 earn in) of A$16 million is met it then forms a JV of 51% Newcrest now Newmont and 49% Antipa.

As it stands A$10.6 million has been spent on exploration and the A$5.4million outstanding has to be met by 03/03/25, extendable by 2 years, or, the A$5.4 million can also be paid to Antipa in cash.

When this JV is earned it then moves to stage 2, where Newcrest/Newmont can then sole fund another A$44 million for 75%, which may have been OK if they had found something substantial, but nothing worthwhile yet.

The same RNS also goes on to state that if Newcrest/Newmont ceases to sole fund at or during stage 2 the JV interests will remain 51% partner/49% Antipa and each party will be liable to contribute pro rata to the JV expenditure.

This looks like a better option for Greatland if they wanted the farm in to continue at this time, and it was granted, but it is only the A$44 million that Antipa mentions.

Roger likes his free carry and share options.

Hi Mapp

HL portray themselves as whiter than white in the financial world.

I think they are/were in the process of being taken over by private equity investors CVC Partners

I hope uou do not mind me asking, and I presume you are with them, how would they be with ASX, American and Canadian shares within an ISA.

In the Australian Money of Mine Podcast of early December / De Grey v's Spartan : Bush Math Battle, these guys (who in my opinion are very knowledgeable) came to the conclusion that, in doing a math comparison, Greatland paid around 17% for the Telfer and Havieron stake from Newmont at US$475 million, than what Northern Star will be paying for Hemi at US$3.25 billion for similar ounces but Havieron has a the better grades.

A helluva good deal for Greatland but they used a bit stronger language than that.

It is 20 minutes in for anyone watching it.

This will surely feed through to greater profits in the coming years.

In an interview with Australian Mining Review 20/11/24

Shaun Day quoted

"I'm reminded that at Northern Star we bought 4 or 5 assets off Global Majors with mine life of less than 12 months.

All of these are still operating 10 Years later".

Let us hope he can do the same with Telfer .

Hi Redtrader

Shaun has been in this position a couple of times before with Northern Star with large companies selling off mines with limited resources.

As far as I am aware these mines are still producing today.

A smaller hungrier company with a fresh eye can find stuff that bigger companies tend to miss or ignore, as they have the ounces they need with other mines.