Member Info for sandgrounded

When Numismatic came aboard, regrettably was talk that they would be able to raise the capital needed for GGP, in the event they continued to the mining of Havieron. Now with this new group we have two possibilities.

Not only that but this group has allowed their current valuation to e broadcast, whereas Numismatic have gone ultra secretive unless you are a subscriber.

Could that be abed and isa?

Would the Australian government allow a takeover of Newcrest?

The mining industry is a big earner for the government there. To lose their leading mining and gold producer possibly could hit them hard. I don’t think they would allow it.

Anyone with knowledge on Aussie takeover and competition rules?

I am trying to work out the psychology of SB.

Prior to this presentation and only two weeks ago at the quarterly exploration report, he was relatively playing down the Havieron results, compared to how he was at the report before. Hence we have seen a slight pullback in the share price.

Yesterday all the attention seemed to be questions about Havieron and the quotes he has made about grades etc. So why the change?

1. Results of analysis confirming the outstanding grades have been received. ( would we expect a market news report if they are so good. I’m not sure).
2. He is making a pitch at Investors, hoping for investment in Newcrest, so obviously will try to impress them. But they have world class deposits elsewhere, so why all the questions on Havieron?
3. Could it be that he will need to get shareholders of Newcrest to agree with a potential purchase of Havieron and therefore needs to give them information to enable them to do that?
4. Could Rio be circling Newcrest and this presentation was made to show them that Newcrest are ok on their own? ( this also raises the question of Australia allowing a takeover of one of their national companies and major earners to the economy).
5. Could another company be stalking GGP?

There may be many more reasons, for the change in rhetoric from just two weeks ago, but it is fascinating to watch and be involved in this great company of ours.

Good luck all holders.

Sandeep is busy promoting Newcrest. The presentation was to the institutions and Bank of America. He is busy getting new loan notes out and bringing in the higher rate loan notes outstanding for Newcrest. That is why he is promoting what Newcrest have. The institutions may not be interested in GGP, especially as we are on 5he cesspit of AIM.

Yes we will get bought out by Newcrest because we have a fantastic prospect in Havieron and hopefully in Scallywag and PRE. Hopefully it will be at multiples of our current sp. However I doubt we will be getting ins5i5utions buying in. Patience is required.

Your buy just reported Spratt.

Wouldn’t it be great if it was 118 Grammes per tonne. That was one of the figures alluded Toby Spy when giving out clues. There was also a suggestion that they were going back to double check the figures because they couldn’t believe what they found. (Perhaps).

Thanks for all the replies.

The reason i mentioned Goliath was that I have somewhere in my muddled mind, a possible comment from GH, saying that Goliath could be very exciting or possibly a dome of iron.

Not sure now as so much info and great posts from the knowledgeable posters have replaced other information lol!

Schlemiel, do you know if Goliath is part of the first refusal package.

Let’s not forget Rio, could put in a j/v offer to explore Scallywag. Newcrest May have first option, but if Rio put in a strong bid, they would have to at least match it.

GH does appear to have a very strong hand at the moment.

All this fighting, we may have to call in the SAS lol.

Happy to be corrected Spy. Thanks.

I wasn’t expecting a rise so soon after the sell on news brigade left last week. A good rise today and large trades above the offer at the close. Something appears to be stirring.

With the large trades at the end of the day, which were above the offer price at 16.30, it makes it seem like people are in a hurry to get in before something happens. Could Spy be right that news is imminent?

Come on GH, no excuses now not to report on the drill programme for Scallywag.

Unless of course you are in discussions with someone else about it. ;0)

With thanks to shakester2 on the other thread....

Borrowed this from SOLG broad but relevant here too;

Interesting quote from the ever imformative AFR (behing firewall) relating to Newcrest's recent news Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador Mr Biswas said Newcrest decided to raise more than was needed for the Ecuador acquisition because it was entering ''a growth phase'' at its existing assets, and may want to make other acquisitions. "It is always good to have low leverage and cash on hand and I think it is doubly important at times of uncertainty,'' said Mr Biswas. "It also allows us to take advantage of any other opportunities that may present themselves." hTTps://www.afr.com/companies/mining/newcrest-s-1-1b-cash-call-completely-different-to-rescue-raisings-20200430-p54on6

Wouldn’t surprise me if it was Primorus. Say one thing, do another!!

So Newcrest draw down $600 million dollars to boost their cash reserves to $1.4 billion and their latest acquisition cost them about that drawdown. They now announce another placement for 1.1 billion dollars ( possibly Aussie dollars).

Forgive the pun, but that seems a bit steep for a decline doesn’t it?

Don’t think Newcrest would raise another billion dollars for this....

Newcrest announces that it has acquired the prepay and stream facilities and an offtake agreement in respect of
Lundin Gold’s Fruta del Norte mine (the Facilities) from Orion Resource Partners and Blackstone Tactical
Opportunities Group for $460 million. Newcrest, as a lender, will receive cash flows from the Fruta del Norte mine,
with approximately 34% of free cash flow from the asset estimated13 to be directed to service the Facilities over the
next 5 years, ahead of equity holders, assuming a gold price of $1,400/oz.

Rio was advised to buy Newcrest, not 5he other way around. This appears to be an acquisition and by the looks of it, they need a lot more money to bu6 it, hence the sale of shares.

The question is, does it aff3ct GGP and 2ill we be suspended in the morning.