Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Hi all - for what it’s worth, on the board they have - Clive latcham, Alex borelli, Shaun day, Paul Hallam, James Wilson, Elizabeth Gaines and mark barnaba, and secretary Stephen Donaldson
Shaun Day, once CFO of Northern Star, who at the time of departure were circa $8bn mcap, was happy to accept options upon arrival at 25p. That’s right, someone who understands mining better than any one of us on this board. Better still he understands the growth of mining companies better than any one of us as well.
Don’t worry, about a thing, cause every little thing, is gonna be alright…
Hi Starbright, do you think the term sheets / bank financing could be a way of telling Sandeep we won’t be bullied in to accepting a lowball 5% offer. Without the 5% it would probably be a fair assumption that Ggp would need financing of some kind to go any further and therefore there might have been a huge reliability on the 5% payment. With that in mind, we need a plan B otherwise our bargaining power might significantly reduce? I still think this 5% will be agreed regardless of how far out they are in their valuations but over an intense couple of days of negotiating. To reiterate, without the bank financing there would be a large need for that 5%, this hopefully gives us a bit of a backbone going in to those negotiations? That said, there’s only so far we can go with the negotiations anyway at this point in the journey.
Great to see some positive posts of late. Very impressed with SD and trust him immensely to do the best job he can. Amazing couple of weeks ahead
Who else is excited for this week then… Thursday night cannot come quick enough. Do we find out more about the eastern breccia? Is there a chance of zipa/hav north news? Or is it just a continuation of incredible drill results we see time and time again… all 3 fine with me. The team is growing by the day, as is this incredible asset. Strap in, buckle up and enjoy a news rich period
Hav Drill update
Remaining Scallywag drills
5% fmv
Mre2
Sustainability report
What a month or so we have ahead of us.
Completely agree Paddy.
People don’t leave a company with a £2.8bn market cap after working there for 9.5 years to go to a company on a punt (Damien Stephens)… let alone the other recent hires - asset speaks for itself, what Shaun is doing speaks for itself, ignore the noise.
Yeah if it’s going to happen that’s how I see the only viable way of getting the whole of Hav. And I think it’s likely. Although I would love to keep hold of the 25% and build a company out. You don’t sell the golden goose, Hav is 99% of the company, surely they can’t just let that go on its own? That’s the main point I’m trying to make
Hi zoros, I think most would agree that NCM will want it all, think the debate is how they get it and as per my previous message I think the only sensible / logical move from Ggp perspective is to sell the company not the asset. The 5% is up for sale, nothing we can do about that, but the 25% is not. So if NCM say here’s your 5%, we now want 25%… SD should in my view say it’s not for sale, it’s all or nothing. Hav allows us to build a company, take that out the portfolio and the business is nothing other than a very small cap exploration company again trying to convince people to invest. What sole exploration companies are valued at multiple billion ££?
I may have missed something but I just cannot see the logic of selling just Hav. I can’t make any sense of that outcome but would be genuinely grateful if someone could convince me otherwise
Hi Zoros - I just cannot see what selling just Hav does for building a multi-billion cap company. I completely get a large dividend pay out with the proceeds but then what. Then it’s going back to square one. This situation is not repeatable, Hav coupled with NCM and the infrastructure is just the perfect storm. dividend gets paid, mcap immediately drops to minimal amounts and then we hope to find something else to build again, but we won’t find another Hav.
Therefore to me, selling just Hav is not a sensible option. I very much believe we will get acquired by NCM as I just can’t see that when this is in production they will want to give up 25% of the income. My hope is we stay as a partner and we build a proper company through exploration and M&A, if allowed to what an unbelievable launch asset we have to achieve that. I certainly think SD is setting the business up for that, we saw last week the ex-exploration manager for sandfire resources (9.5yrs) join Ggp. Certainly bringing in some expertise that’s for sure.
Time will tell but whatever direction this goes in, I’m sure we’re in for an exciting year.
Well said Bamps. T-minus 25 hours until we’re provided with yet more, excellent reading. Fundamentals are only getting better, we learn more about the orebody with each set of updates so let’s kick back and appreciate what is likely to be another fantastic set of results. For those that can, ignore the SP, nothing we can do to control it yet we all know the direction it will end up going, we just don’t know when… time in the market and all that…
No idea, very strange though
Got to be honest notrader, it doesn’t matter. But for some reason and I can’t help wonder why, I’m just curious about those 70 million shares?
It doesn’t change my view on the company, it doesn’t change my position, it doesn’t matter as you say…. But when you heavily invest in a company and the ex ceo leaves and does ‘something’ with his 70 million shares… I can’t help but be curious? What a terrible crime
Very true - all I know is I hope one day we find out, I get it’s no-ones business what’s going on with his shares etc, I’d just love to know as I’m sure 99% of this board would.
Anyway… back to more pressing issues. Serious signing in Otto, amazing news today from newcrest. The future is looking very bright. One happy camper this end!
Hi SaS, I know exactly what you’re saying I’m just trying to make sense of it as well, fact is it’s all hypothetical of course. But with that volume you would at least keep some in your locker. If he was moving them, surely he’d come out and say it? Just got me thinking today if he is fully out why continue liking posts on Twitter? So either he isn’t like you say, or he is and then why sell. I’m then trying to piece together could there be a driving factor behind it meaning he has to sell. if he had a job lined up with Newcrest he may have been told he couldn’t hold shares any associated JV?
Should just caveat this all with… This is just my own crazy mind trying to play scenarios out
Is it possible that GH could be going to newcrest to replace Gerard Bond (cfo) when he leaves, as a result he therefore had to sell all his shares ahead of announcement because of a conflict of interest owning millions of shares in a joint venture partner? Got a Finance background but appreciate a massive step up for him.
So I’ll start this message by saying, I’m a big believer in scallywag’s potential, too many signs not to be... however this post isn’t about scallywag. When you invest in a mining company you hope to land that one discovery. In recent years there has been very little discoveries above 2mln oz. Our initial MRE was based on 3.4mln oz... most people are tipping us to get to 12mln oz. Some are putting silly numbers out there and why not. This mine is still open in 3 directions. As far as I see it, every 2mln oz is like landing a complete new discovery! Kick back this weekend, pour a drink and just remember what your invested in. I’ll sign this off by saying... I still believe in swag! Good weekend greatlanders
Unless you were planning on selling on swag results... just chill. Look at the RNS in a different way, based on what they’ve seen, they’ve identified new targets, not written it off. This licence is huge, it’s going to take a few rolls of the dice. GH is optimistic, so I’m optimistic. It costs a lot of money to drill, if there was even a slight thought that nothing was out there they’d turn their attention elsewhere. GH continues to say our wholly owned swag licence... he said that after they drilled the 7 holes. Newcrest keep referring to first refusal of JV on this licence... in their own RNS. There is literally no need for them to publicise that. The experts know something is out there, so just let them do their job and have faith in the BoD that got us this far.
Oh and if that isn’t enough... this company is built on a certain licence by the name of Hav.... which we know takes the share price well beyond where we are now.
Keep the faith, trust in your research.
Wow what a weekend... the discussions this weekend have said a lot about the company we are invested in. The next news to be released is almost certainly going to be swag related yet we’ve spent the weekend discussing Hav and I absolutely love that. Personally I haven’t once doubted my holding here yet clearly last week there were some nervous nelly’s (which is fine).... this weekend should have massively put your mind at ease.... just look at Hav... it keeps delivering. I’m so excited for swag but even without it, just wow.... as our good friend GH would say, this is just the beginning. Good luck for the week ahead Greatlanders