Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
These are the Aussie investors who couldn’t get in after the ASX listing was postponed. They’ve heard the whisper about another big find !!!!!!
All tongue in cheek naturally!
What I am trying to show is the potential for a bid, exceeding expectations.
This is a gas and oil explorer in a sector which is on favour due to high gas prices and with conflicts in the world sending crude prices upwards.
It will soon be the gold companies in favour. So what could we expect for GGP if someone comes sniffing around?
That’s all I am trying to say.
FIVE times the then current sp!
Interesting RNS this morning. Offer price approximately SEVEN times the then sp!!!!!!
23 October 2023
Upland Resources Limited
("Upland" or the "Company")
Response to Speculation
The Board of Upland notes the recent media speculation concerning the possibility of an offer being made for the entire issued and to be issued share capital of Upland.
The Board of Upland confirms that it has received an unsolicited, very preliminary approach regarding a possible offer for Upland at an indicative price of 14p from a potential offeror referred to in the approach as SEC Capital ("Potential Offeror").
The Board has unequivocally rejected the approach as it believes it significantly undervalues the current potential of the Company.
As a consequence of this announcement, an "Offer Period" has commenced in respect of Upland in accordance with the rules of the Takeover Code. In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers ("Code"), Potential Offeror is required, by not later than 5:00 p.m. (London time) on 20 November 2023, being 28 days after today's date, to either announce a firm intention to make an offer for Upland in accordance with Rule 2.7 of the Code, or announce that it does not intend to make an offer for Upland, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Panel on Takeovers and Mergers in accordance with Rule 2.6(c) of the Code.
There can be no certainty that a firm offer will be made for Upland nor as to the terms on which any offer might be made.
Half year results to 31:12/22 published 6th March.
It is the full year results to 30/6/23, which require to be published within SIX months.
Last year they were published on the 28th October.
MORE DIS- INFORMATION!
Maybe over the past few months, the articles about Newmont divesting Telfer and Havieron, were a softening up process to make GGP holders think It won’t be worth much, before Newmont come in with a cheap takeover offer. Shaun is trying to counteract that move by talking about Havieron’s worth to both companies.
Will we see a takeover approach soon?
Taking the politics out of it, I think if there isa humanitarian disaster this weekend, then the Middle East could become a boiling cauldron. Who knows where gold will go to, hence markets positioning themselves accordingly today.
And GGP marked down in this crooked market!
Https://www.kitco.com/news/2023-10-13/Gold-prices-up-2-as-Investors-look-for-geopolitical-insurance-during-the-weekend.html
Consumer confidence down, possible signal for stagflation. Also Israeli move into Gaza gives Gold safe haven status.
Now that the options have been sorted, could we see the drilling results soon?
Did Newcrest report the first offer from Newmont to the market? I don’t think they did.
I wonder if the AI website can identify this 250k seller, who seems to appear when the sp is getting ahead of itself?
I don’t know enough about A.I. To use it.
Can the US afford to let gold go up to such high figures?
A higher price will play into the hands of the BRICS group and especially Russia, Whois using gold to beat sanctions and also buy weapons etc for their Ukrainian invasion.
I think if we are looking at the purchase of Telfer and 70% of Havieron, then should we also be looking at the other J/v’s in the Patterson that Newcrest own at the moment.?
Could they all be bundled into a neat package?
Thanks Redirons. When I pose my questions, they are not aimed at Shaun, but to this board, to gauge what others are thinking.
I know Shaun is walking a difficult path and will only give out what he can at the appropriate time.
I appreciate your reply my friend.
I think most long term holders have faith in Shaun and the BOD. I do, otherwise I wouldn’t be here. I am also intrigued to see how this plays out.
In six months time we will probably know some of the reasons he did what he did, but that doesn’t stop us asking questions now.
I can’t understand why Shaun wants to do an mre before we know what Newmont are looking to do with Telfer and Havieron.
An increase in the resource would surely increase the value of Havieron. So why should Shaun be in such a hurry?
Thank you Bamps.
A prompt reply as always.
Bamps, a question if I may, please.
After Rio saying they were looking to find Lithium rather than buying other producers, is there any possible targets on the Patterson South j/v area, that could hold this?