The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Thanks for posting todays interview with Shaun Bazzaman - I was looking at him intently to see if he is showing any signs of stress - sweating, curt replies, not wanting to be there etc.etc. and genuinely I thought he looked fine and on top of the differences between GGP’s reporting of MRE3 and Newmont’s. Of course the topic did not extend to Newmont’s divesting decision today, but from what I saw I think Shaun looks settled, focused and I’m glad he’s on our side - if he did get an inkling of what Newmont were saying today, the first thing he thought of was a TH for us PI’s - hopefully set at a date that allows him to put something very tangible in front of us. Onwards and upwards all true Greatlanders!!
I would like to agree with you Bazza and Spy but didn’t Shaun recently say that anyone thinking the JV was going to end need to rethink, or words to that effect??
Can’t believe that my worst thoughts about Newmont walking away from us again, have come true. But hey-ho it is what it is and worst case scenario is the shorts piling in and us taking a dive until reality sinks in that Havieron is still once in a lifetime find. Good luck to us all.
Thanks Dip - well now we will really see the power of Shaun’s hand picked BoD, the measure of Wyloo and 3 Major Banks in their support. Game on!!
Typical Traders tactic LKhan - some of us are here as investors and looking for 88E to build something worthwhile across many regions of the world. Pump and Dump is just a lazy get rich quick scheme - at least you’ve shown your true colours!!
Hey Sellmethispen - there really is no need to stop posting - the reality is that we all have off days and the written word can sometimes feel much harsher than any real intent behind it. I’ve disagreed with posters who are Lthers in the past (most recent was MH01) but in the cold light of day, surely we are all just trying our best to stay positive and resolved and sometimes fellow investors say or do things that we either think is wrong, unfair or downright rude. Try to rise above it, or filter them, or just ignore it - but seriously no need to stop posting as all true investors deserve their opinion and yours is just as valid as anyone else’s. Your choice but good luck whatever you decide.
Just an observational viewpoint on Newmont’s performance and why they may well think it is time to start singing from the rafters just how good Havieron is for their shareholders. Just before Tom Palmer took over as CEO of Newmont (wef 01/10/2019) their SP stood at A$38.40. It then grew to a respectable A$82.12 by 08/04/2022. Today (15/02/2024) it closed at A$33.18. Now I know there is more than just SP performance to keep shareholders happy and I haven’t analysed what dividends they may have received during Tom Palmer’s leadership, but you might think that uncovering and holding a 70% share of the “once in a lifetime” find at Havieron might be just the sort of good news they want to share with their long term holders? I would be delighted to see a truly united charm initiative kicked off by Newmont next week to their shareholders that paves the way for the JV with GGP to just motor ahead to first ore production ASAP - after all what have Newmont go to lose with their SP floundering like many other sector Companies - fingers crossed!!!
MH - my original point was that Newmont have a difficult decision to make - offer too low for 30% and they may see either rejection, or signal others to join in to offer more. Personally, I don’t think they will therefore try to buy our 30% - I think the JV will just continue as is and 🤞that will be our best route to great rewards. Good luck to you and us all.
Mmm MH - you’re at it again - making statements that are not quite correct (hence misleading). You state “Rio’s JV with GGP allows GGP to earn an interest of 75%. That says to me Rio is happy to retain a small interest in any upside however Rio want to effectively pass the property over to GGP. That’s not an indication of a company looking to stick around the Paterson.”
GGP have a minimum commitment to spend A$1.1m and drill 2,000m by 31/12/24. We can then elect to withdraw from the farm-in OR at Stage 1 acquire a 51% interest in an unincorporated JV with Rio taking 49%. At Stage 2 GGP can elect to try to get another 24% BUT Rio have the power to veto that and keep us at the 51% level (by Rio investing more). So in truth NOBODY knows at this early stage whether GGP will remain with just 51% of the JV interest or whether Rio will ALLOW GGP to gain 75% in total and hence NOBODY knows whether Rio are looking to stay around in the Paterson or not.
You can make whatever assumptions you want MH, but they cannot distort facts. Rio have the POWER to prevent GGP taking any more than 51% of the JV. The JV does NOT simply allow GGP to earn an interest of 75%. Here is the link if you want to check the facts: -
https://greatlandgold.com/projects/paterson-south/
Hi ijr1 - that’s not the first big buy that has occurred over the last couple of weeks as there has been quite a few. Like you I believe it is a positive sign but not sure it means an RNS is pending, I don’t think there will be any positive RNS’s until we get news of a positive flow test 🤞🤞