Member Info for sandgrounded

This is a standard clause for many companies and gives freedom for the Board to raise funds through a placing above a certain percentage, set down on company law.

Disapplication of pre emotive rights allows them to offer a larger amount of shares without including current shareholders if they wanted to.

Markets

ASX cross listing gives the BOD the opportunity to raise further funds towards our bank finance package. I would rather the company get the money, th@n it disappear into the m@4k3ts.

SAS, I accept what you say, but another bidder may not want GGP to get it on the cheap and could try to push up the price, making it more expensive to buy.

Why do that? A competitor may hope that by taking on too much debt, they may fail, or if some other great asset came up for sale ( not necessarily from Newmont), then GGP may not be in a position to compete.

SASre your post at 10.16 ( apologies for late reply I have been out)

I was putting forward a number of different scenarios that could happen, but agree that if an agreed bid has not been accepted between GGP and Newmont, then the best option would be to wait as we have the right to equal any offer made.

That could in theory though, deter other people from jumping in too quickly until they have other information. Hence why i mentioned a potential data room.

Having said all that, we will all be scrambling to the rns monitor tomorrow morning when that flag appears, only to see it is the half year results 😂😂😂.

Exactly Napthman. We are not talking date specific, just wondering how the news will be reported.

Bandit makes some good points below about it possibly taking months to agree and sign on a deal, which brought me back to a post I made last week sometime.

That is, who will make the first move in attempting to buy Telfer/ Havieron?

There has been press speculation about possible interested parties, but how would that play out?

Will Newmont have a data room for this particular asset and if so, what do bidders need to show to gain access to it?

Do rival bidders wait to see what GGP offer, then attempt to top it or do GGP wait for others to bid?

Could GGP and Newmont agree a deal before others can put in a bid?

If everyone waits to see what the others are doing, is there a time limit before Newmont says there is no interest and we will keep the asset?

We thought it was a game of chess before, it must be even more difficult now to contemplate the next move!

We have a very experienced BOD. We need to have faith in their ability to get shareholders the best deal.

The logical time is when both can release the news at the same time. Around 1pm perhaps?

Who would report any deal first?

Newmont when the Dow is ready to open or Greatland at 7am?

I’m not sure, but we need to be aware of the possibility.

Some months back we saw a big surge in the price of gold, take place on a Sunday night as the markets opened.!it subsequently fell back after an hour or so.

Will we see another surge or better still a continuing uplift in the price?

No doubt about it, GGP are in a very good position to benefit.

Good luck to all holders.

SAS. I’m losing it mate. Rhod Gilbert is on in May. It’s the play 12 Angry men I’m seeing tonight at the Lowry.

Before anyone says it, I could have stayed on here and listened to at least 12 angry people trying to talk down the share. ;0)

Have a good weekend.

Have a great weekend everyone. Off to see Rhod Gilbert tonight, so will have to catch up with some more very good and interesting posts on Saturday evening.

Monday morning. Shares temporarily suspended whilst agreement reached to purchase Havieron and Telfer.

Does anyone think that GGP, will have to be suspended, should we make a bid for Havieron and Telfer?

Could certainly catch some out if we got a very favourable deal and the sp rocketed on coming back to market.

MH01, I agree we should put questions forward, but until we know what he is proposing, it seems pointless putting anything forward which may be answered in an Rns.

MH01,

We have seen that debt requires us to put up a substantial amount of equity to obtain it. Unfortunately that means dilution and at this sp, substantial dilution.

We need some debt, agreed, but not all of it should be debt.

Some time ago, I did raise the possibility of Wyloo lending us the money to buy Havieron and Telfer, with us selling a 49% stake back to repay the loan. Now that would be ideal and with Wyloo having almost 15% of GGP shares ( includes warrants), then they would make a killing on those shares too.

Further to my last post, although inflation would have hit the AISC, a lot of this would be countered by not having to pay the10% fee, on top of the cost of using Telfer.

I would als think that there could be a lot of tax savings set against the building costs as well as decommissioning costs associated with Telfer.

It all depends on how the BOD, play this.

When that rns arrives, I hope Shaun and the team get Havieron and Telfer for something like a 2% Net Smelter Royalty say over 10-15 years. That would include the 50 million loan plus interest wiped clean.

Newmont could sell it to their shareholders, by claiming they are saving a half billion dollars on clean up costs for Telfer and saving up to a half billion dollars on getting Havieron up to mining.

With the price of gold likely to increase substantially, this would be a good bit of business for them.

We still have the costs to find, to get us to production, but with the above deal I think the sp would rise making it easier to raise finance through a fund raise on the ASX.

Just my thoughts, which would protect some of the value for us shareholders.

SAS,

I don’t intend to get into an argument with you, over my previous posts. I said 260 million with 60 million financed by equity from memory. You quite correctly say it was 220 million Australian dollars.

From the Rns 12/9/22…

The debt funding requires a total equity contribution of GBP60m as a pre-condition to full draw down. The August 2022 equity raising together with the Wyloo Placement announced today, fully satisfies the equity requirement of the proposed financing.( I have just noticed that it says GBP60 m there, but I think that was an error)

So 30% financing 220 million with 60 million equity required

100% financing 733 million with a possible 200 million equity required?

Those loans were to get us to production.

We now have to add on the cost of purchasing the 70% of Havieron and Telfer. Estimates from some commentators have put that figure at 500 5o 600 million.

So how much equity is needed to obtain the finance to do all this?

I will end on a more optimistic not3 and say if @nyone can do it, then I think Shaun Day is that person.

Let’s hope so.

As I say I was putting a negative thought out there, but dearly wishing for everything to come good for all the patient shareholders here.

Have a good night and will catch up with all the criticism from others in the morning.