RE: Share Price3 Nov 2022 10:05
Thanks TT for posting the comments from Allen & Overy.
Pooroldman - instead of being glass half full have a read of what A&O says:-
“The Havieron gold-copper deposit in the Paterson region of Western Australia was discovered by Greatland and is currently under development in joint venture with Newcrest Mining,” the firm’s statement said, noting that Wyloo’s investment into the group “contributes towards the funding of Greatland’s 30 per cent share in the Havieron”.
This will allow Greatland to be fully funded through to production and future free cash flow, as well as Greatland’s ongoing exploration in the Paterson region of Western Australia, the firm said.
Commenting further on the transaction, Perth corporate counsel Luke Nicholls said: “A&O’s offices in Perth and London worked together seamlessly to leverage local expertise.
“The deal showcases our ability to offer our mining clients a cross-border team with a combined Australian and English law offering. It was a real pleasure to support the Wyloo Metals team to rapidly execute and complete this transaction, and see it become the largest shareholder in Greatland Gold.”