Member Info for rosso123

Havieron Loan Agreement

· In order to support the expanded scope and pace of activities at Havieron, Newcrest has agreed to provide funding of up to US$50m to Greatland via two US Dollar loan facilities, Facility A and Facility B, at an interest rate of LIBOR+8%. The Loan Agreement is expected (based on current forecasts) to fund Greatland's share of joint venture costs, including Early Works and Growth Drilling, up to the completion of the Feasibility Study.

o "Facility A": a loan of up to US$20m, or a greater amount if provided by Newcrest, for Greatland's 30% share of Early Works and Growth Drilling prior to the completion of the Pre-Feasibility Study. Greatland's obligation to contribute to Early Works Expenditure and Growth Drilling Expenditure, in aggregate, will be capped at the amount of the Facility A Commitment.

o "Facility B": a loan of up to US$30m for Greatland's share of joint venture expenditure, post the completion of the Pre-Feasibility Study, but prior to the completion of the Feasibility Study.

Looks like we use the $60m tp pay off A $20m , but cling onto B $30m up to completion of FS in Dec

What happens to the part of the NCM loan that has not been drawn down? Do we get to keep that $30m or do we have to return it?

Thx. So we use the $60m to pay off the $20m drawn down. Leaves us $40m + whatever is left from the previous placing.

Looks like we have around $50m cash to go mining. Add on anther $50m in debt finance via banks.

Basically wipes out the NCM $50m loan + interest. Not much left in the pot. Need to see some debt finance figures, more so than the Hav asset growth trajectory.

On towards 12p. Stock shortage causing sp to search. Expect to see large trades announced at cop. JPM buying back, I suspect.

Where is the money coming from?

NCM pays the first $20m of the upcoming Feasibility Study. Above that, the cost is split 75%/25%.

Should find out this aft, SD`s plans for raising cash.

No, not him.

Can anyone play a trump card and assign the $60m to the bin?

We need to see some big shorter buyback trades driving up the sp. If SD can confirm advanced stages of debt finance this will get us up to 15p+ in no time. Abs bargain at 10p, but this applies to predators too, incl NCM.

https://nortongoldfields.com.au/bullabulling/

Several years ago I spoke to the CEO at Bullabulling. Highly confident of a 3m oz reserve. Unfortunately they ran out of money and Norton swept in for a bargain smash and grab.

Can GGP hold off a t/o offer? Can they get the required cash together to develop their assets. Hopefully SD will throw some light on this this afternoon. How much cash is in the coffers after the NCM debt has been paid off? Maybe $20m. Slight worry that Sandeep has got us by the short and curlies.

5% = £50m. Remaining 25% = £250m. Just over 6p. As at Dec 2021.

The 5% was fixed. Now bring everything else forward to the present date. I`d say that value has increased by a multiple of 4, taking into account not only Hav growth but the ever-increasing proximity to getting the gold and copper out of the ground. Shorters will be buying back at the current low and stock will very quickly be in short supply. Expect a smart rerate back into the 20s.

RNS makes clear that the arbitrator had the binary option. The contract forced him/her to choose the drill data as at Dec 2021. Pretty obvious that some ppl were aware of this and this explain the drop into single figures. No wonder 70m shorted. What say the global crooks JPM knew full well the terms of this 5% and that FMV was never going to be the outcome.

The obvious Q now, is having to use most of this $60m to pay down the NCM debt, where is the money coming from to develop all the assets, incl GGP`s share of Hav. Are we looking at a 10p placing?

The good news is that this FMV monkey is off our back . The $60m has no relevance to our remaining 25%. As we get closer to an out of the ground pog, Hav is likely to have a TMV of around $6bn. $1.5bn to shows us that Berenberg`s valuation is getting us nearer the ballpark figure of 30p per share. 9p priced in the NCM offer. Onwards and upwards.

Planned disposal of Russian assets.

Illuminating day. A sea of red becomes a sea of blue simply down to a shift in the spread from 6.50/7 to 6.00/7.
It shows that red is not necessarily a sell, nor is a blue trade necessarily a buy.

YouTube link is fine. Thx

Doesn`t somebody run a sound check beforehand? This is amateurish

Agreeing to take a cut of 6.5m shares off their Tranche 2 payment. Why would they do this?

Badly distorted audio. Is he speaking in Russian?

Google "Zelensky Panama BVI".

Maybe he holds a few million EUA in his offshore accounts?

"Bankable Feasibility Study means a comprehensive study of a mineral deposit in which all geological, engineering, legal, operating, economic, social, environmental and other relevant factors are considered in sufficient detail that it could reasonably serve as the basis for a final decision by a financial institution."

Wouldn`t Shaun need the completed doc if he is looking for substantial debt finance?