Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Simple put in a buy and reduce your average price, if you cannot buy now then you cannot help fund any money GGP needs to expand and go forward.
In that case you have to leave it to the BOD to do the right think for you and and all shareholder including themselves.
I agree with your thinking on Telfer.
I think they will come to Shaun's door to discus matter relating to Greatland, there may be a deal or deals to be done we have several JV's with the Newmont group once they are in charge, the visit will come very soon as they already know the plans.
Taking out Greatland I do not think is on there list, and my reasoning is that we have (where Newmont is concerned) too much rubbish that would divert time and effort.
Ginger read more carefully, mentions in presentations and conditions of assets they want includes Telfer Havieron, we will have new partners.
The partners may not want to continue the other JV's, once Telfers life is extended they are going to be sitting pretty to get ore to process and /or an interest at a less risky time in the development cycle of these tenements.
It looks like Havieron and Telfer are considered one, (Tier 1) but it does not mean they are interested in the other JV's, they know that they can pick these up at a later stage, if they have Telfer working on Havieron ore for the next few years as a minimum.
And it includes Telfer and I suspect Havieron.
https://www.newmont.com/investors/events-and-presentations/presentation/default.aspx
Consolidation, if it comes applies to ALL, including the new investors, do you think they will accept a serious drop in value caused by consolidation. At on in 10 Shaun's options will be @ £2.50 think on that....
I have read that you may lose some shares as they round down as they consolidate, if the figure is 25 to 1 you could lose 24 shares. you can make sure you done by ensuring your holding is in the 100's with divisible by 25,20,10,5 but not 15. Any even number works wit 2 to 1, for 4 to 1 just make sure holding is also devisable by 4
I will made sure by the time it happens I do not have any reduction, I add a few at present as well as moving shares into our ISA's so pre warned allows me to make sure we do not lose a single share
Ntl101
Agree completely, if you would not speak to you wife, boss etc, done post it here. These posters show themselves up, personal comments should not appear, if they were educated enough they could disagree without abuse
all had the money, then there would be no DILUTION
https://www.lse.co.uk/ShareChat.asp?ShareTicker=GGP&share=Greatland&thread=605D3516-51CF-4944-91D3-04304D40D378
'The elephant in the room of course is the inevitable dilution that would result.'
Dilution happens event with FT100 companies, do investors here not realise the hard business choices.
In the case of companies like Greatland there are I think 2 cases of dilution.
Case 1, as last year when we needed money to continue with our committed spending. If you cannot raise the money using the banks etc, you have to get it from the markets. The reality of this situation is that without in inflow of funds the company cannot fulfil its commitments, if the company is in this situation then the next stage,
Greatland was in this situation but the work of Shaun and the board brought in the new investor and because we were now funded the bank borrowing.
Was there dilution? The share holders could not fund the business so we sold part of the business to the new investor, but the company may not exist without the extra investment.
Realty Check, alterative the company fails and your share certificates become Scrap paper and in the digital age, nothing, so no real dilution.
Case 2, we are now funded for the expenditure that we are committed to. There is talk of M&A activity, can the business finance this at present? No. Can the existing shareholders stump up the cash? No if you cannot fund through debt, the you need more shareholder funds. The new funds are not dilution, they are not taking value out of your share holding, they are giving you a better chance of the company expanding and you benefiting from it.
If we had continued as we were at the end of 2020 (max paper value) we could we have been taken out and we could have lost all, luckily the old management (GH) brought in the new management (SD)
What I would like to say to anyone who has though about attending, last year when I attended my first meet, I started in the pub knowing no-one. There was a group around a table about 6 in number , I sat and listened for a bit before asking to join them, as they were clearly talking GGP language.
Everybody was very welcoming, it is a bit intimidating, but my advice is attend if you thing you will benefit, I did, and was made most welcome.
GLA
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