Member Info for Rotherby1

strudel: yes very dubious :), enjoy today looking forward to feedback.

Wish I could get today, but the Temperature here is 23 degrees, as I do not fancy London.

I'm not sure Shaun will like London today 8 degrees and wet instead of Perth @ 26 degrees, put that is one of the upsidea to being in charge of Greatlend.

IN BIG LETTERS, BUT THE SITE DOESNOT FACILIATE A LARGER FONT

So Thanks Bamps

I cannot get today but I am sure you and other posters will report back on the TH meeting, I really enjoyed meeting you before and at the Th meeting last year.

I like many others on here really appreciate your posts here and elsewhere.

Don't bother about the Johns of this world, ignore and they wither and die...RIP all Johns please take action LSE

Adrian: you would need a superhuman effort to look after the area of Saddlereef alone, at the moment Havieron is safe, locked into the ground, better than a Yale or Chubb :)

As I understand it if the 70% owner does not want to mine the GGP have the right of last refusal, and most JV agreements also have clauses about changes in ownership, which could allow the same.

In that situation if it exists, GGP could buy back the 70%, then Telfer is a liability without the ore from Havieron, the capital being/planned would stop immediately. Then the end of mine costs will be substantial, so at that point Telfer had negative value.

Just some thoughts, and I would expect good negotiators would present it this way to anyone divesting themselves of Telfer, if they own or can own 100% of Havieron.

If Havieron is(and I think it is) a very special find (and I think that Newcrest think so and that is why we have a decline getting to ore real soon in mining terms), then it must be able to stand on its own without Telfer, but better together, including financing its own processing plant.

If this statement is incorrect then all these drill rigs in the Patterson, may as well pack up and go home as no discover will be able to fund the required infrastructure to develop a working mine if Havieron cannot.

I think the best option for me a LTH of GGP will be that the original JV goes the distance to becoming a mine reusing the nearly redundant Telfer facilities.

In the current/surmised situation of GGP getting 100% of Havieron and then looking at Telfer

I see three separate parts to Telfer

The mine, a real liability, depending on the end of mine plan, but not cheap, unless due to its age the rules are different, but I think the WA government will of sorted that by now.

The processing Plant that does have value to any of the discoveries that get to the stage of being mines. I am not sure but I think the only one at advanced stage of development is Havieron, so who without ore 'on the hope' is going to take it on.

Telfer 'village' will have to be reinstated if it becomes redundant but this does have value but because of the size and facilities, again only to a business with a good number of men deployed nearby.

pj seems to have pulled a good one,
yesterdays RNS paid £257,824.62 bill with shares worth £123,755.82
they need to get to 2.25p for the drill co to get full money,
must assume the co think they will be worth more than the 2.25 to break even
lets hope for 3p, for starters

TT: if both the 1500 and 1800 are on the same basis which I would think come from a progress report then 300 in approx. 30 days so now @ 10m per day, nice when, the length goes up, the depth goes down.

The next nice thing would be any progress on the SP, even slow progress through this difficult time, but as with the decline we will make progress.

Bamps: Thanks for that I have wondered if this could happen, and the risks involved with it.

The spreadsheet makes interesting reading not just for Greatland but also the other associated companies.
Great find, Thanks

End date for the job
Fixed-Term Contract position until 30 June 2024

The start of mining.. this job is then done

Looks good, several projects to spread risk and increase possibility of success
https://ironbark.gl/fiery-creek-project/

II's up 20%
No of Shares up xx%

I do not trust NCM but your statement "But Newcrest still believe they can take the lot, not without a fight.", has no substance.

Today the new board take over, the share price seems to be reacting, so the time for NCM has IMHO has past.

1st off - NO DEBT
+ £14m balance sheet
+ CEO 5%+
+ Diverse PF
+ Activity drilling
+ IPO’s

Reading the takeover chat, there is a lot of chat about delay in starting to mine.
So a few facts to digest.

1. Delay of the FS does not stop physical work
2. Telfer is going to cost NCM if Havieron does not start producing
3. While nice to have, for some more urgent, a delay does not have the same effect on Greatland as NCM.
4. This by its nature a long term investment, so over 5 years to get to a reasonable return. (I have for a while considered this an investment for my family the next three generations not me, I'm fully funded for my life's needs, I doubt I will need the funds in GGP even if I live to 100, which I doubt)

Thanks a very interesting update, from that it does not look like they will take up the 4p warrants.

If they do take them to sell the share price will be moving up nicely and we can expect a slight reversal as they take the profit.

Great work, thanks

I cannot make it what a pity , luckily I can rely on others to report back to both GGPChat (best as you can re read at your leisure) and here.
GLA

SaS

'I just wish Shaun could of been honest and upfront'

vey strong, you cannot give out information that is market sensitive without an RNS, and you cannot release an RNS unless ever LAST bit of the puzzle is in position.

I assume yesterday was the day, you also do not want market sensitive information, held, in creasing the chances of regulatory breaches.

Yes. I have seen this where they offer a price near or at the buying price, to buy.. this is a corrupt market, all trades should be market as buy or sell, of course there is a buyer/broker each time I sell but it is trades to them that should be flagged as S/B.

I think they do offer a sell price when you sell, and a buy price (the more expensive) when you buy!!