Member Info for sandgrounded

The problem is they need cash to continue drilling.

Is Shaun’s visit coinciding with the 6 weekly results by any chance?

SP down 20% overnight in Australia. No news showing. Could a rights issue be coming.

Having looked at Snoopydoggy’s profile, I can’t see a single positive post on any of the stocks he has posted on. Makes me wonder if he is a genuine shareholder or just paid to sow doubt in peoples minds.

Let people make their own minds up

I have fat fingers and my iPad keeps putting in numbers instead of letters. Does anyone know if you can change the keyboard set up?

I agree Bamps. Seems like a typical post from some to fill the board up with arguments and hide @ny real inform@5ion yo7 and others bring here. Just ignore.

Shaun and the BOD have been content to say nothing and await developments up till now. The only valuation on Havieron was determined by the Valmin calculations at 60 million US dollars for 5% of the project.

As I said previously, Shaun would be delighted to use that figure if he were trying to pick up the Newcrest portion of the project. Obviously Newcrest wouldn’t, but how do they get the real value without it affecting GGP’s value? Open up the books on a NDA to l3t bidders see what the public are not being told perhaps?

In the meantime, they continue to downplay Havieron, which has a det4imental effect on our SP.

I am waiting to see the next move from Shaun.

Droverman, it could be why our sp has been suppressed for so long. More expensive to raise the cash for purchases etc.

Intriguing to see possible strategies being played out here.

A few days back I mentioned a news article saying that Newmont ifsuccesful in their bid may take what they want and sell off the other assets. A figures of 1.9 billion Australian dollars was mentioned for Havieron and Telfer, which was queried on these boards.
I’ve not yet been able to find that article again, but out of curiosity, I checked the exchange rates from Aus dollars to US dollars and the 1.9 billion comes in a little over a billion US dollars.

Now I take you back to the 5% saga and using the Valmin code, that 5% was calculated to be worth 60 million USdollars. Newcrests 70% would therefore be worth 14 times that at 840 million US dollars. Add in Telfer and some surrounding Patterson tenements and J/V’s and you can see where that 1 billion US dollar figure was used.

If GGP Could have got that lot for 1 billion dollars, I think every GGP shareholder would have been delighted. Shaun and our BOD sat back hoping the Newmont bid would go through and we could pick up the pieces of Havieron etc. unfortunately I can’t see them getting it at that price.

Newcrest meanwhile, have had a good think and rejected the offer,but are still open to better .offers. My guess is they are hoping for more for Havieron.

So it’s now over to Shaun to see what he and the board do next. Can they afford to sit on the sidelines and possibly see the price of Havieron soar beyond their means?

I await the next move in this fascinating chess game.

I’m just thinking outside the box here and probably way off the mark

But what if Newcrest have been behind the manipulation of our SP all along. Withholding information and delaying Havieron whenever they can to weaken the SP.

This Newmont bid comes along, but they know GGP have last option to buy the rest of Havieron if Newcrest is taken over. Their scheme to keep the project as low as possible has come back to bite them.

What can they do? Well they have rejected the offer but say if a better offer comes in then they will consider it and also allow access to non public information under a NDA agreement.

Now if that information is about Havieron and the new bidders like what they see, they make an appropriate revised bid and Newcrest get the true value of the project. If they don’t make an appropriate bid, then the information Is still kept private and Newcrest can continue with their games at suppressing GGP’s SP.

Lots of ifs and buts, but I don’t trust Newcrest at all.

I think Shaun needs to issue our own updated resource figure, because it looks like Newcrest are playing silly beggars with us. Very little info on Havieron. Seems like we have been dismissed/ ignored again, unless the info not in the public domain is about Havieron!

Thanks for the reply Dip. I should imagine the resource drilling and the decline work will continue, whilst the t/o situation is resolved.

As you said in a later post, we may get some information tomorrow evening and the questions to the Newcrest board will be interesting to hear.

The Newcrest board have been given a first strike against them, so they need to get this takeover right.

It’s fascinating to watch and I am holding tight to my shares hoping we get to the top of the next Lassonde curve.

Dip, a pragmatic post of yours (16.17 today), regarding the situation we find ourselves caught up in.
One question if I may though. What effect will the potential takeover have on the development time line for Havieron?
Why should Newcrest carry on spending on something which they may not own in a few months. The money saved could go to the shareholders. A similar question on spending on an upgrade to the Telfer processing plant.
Should Newmont withdraw their offer, a delay could harm GGP, but may play into the hands of Newcrest.
What do you think?

US data on prices due out shortly. Let’s see what effect they have on the POG.

Culpepper, I have to agree.

We may have to wait for the financials to see how much the BOD’s earnings are and if there is nothing to show from their appointments, then questions should be asked.

I accept they would need to borrow more to allow for building costs, but we are all hoping that once a decision to mine is made, the value of Havieron will increase.

Why else are we waiting for the DTM and resource upgrade?

Would it be massive dilution to the share price or a massive increase in shares, but with an increased market capital with the full acquisition.?

The figure was quoted in a news article during the last week or so. If I can find it, I will post a link. Where they got that figure from, I’m not sure. In any case it is an illustration of the share issue that would be needed to allow us the debt finance for Newcrests share of Havieron. That is why I said a few days ago, we could see a 50 for 1 share consolidation when we have a dual listing.

A paragraph from the final results……..
“The Group's financial position was fortified during and post year end. A combination of fundraises, including proceeds raised from new cornerstone investment partners, allowed the Company to secure a total of £11.9 million during the year, with an additional £29.7 million raised in August 2022. In September 2022, Greatland executed a debt commitment letter with a syndicate of leading international banks of A$220 million (£130 million) and an equity investment by Wyloo Metals of an initial strategic equity subscription of A$60 million (£35 million) plus an option to acquire up to an additional £35 million of Greatland shares at £0.1 per share.”

We were told the investments were needed to help get debt finance for our share of the mining cost of Havieron.

So if we needed that much collateral for that debt, how much will be needed for a possible A$1.9 billion buyout of Newcrest’s 70% share of Havieron and Telfer?

Serious dilution in the number of shares is probable but with greater Market Capital to balance it.

Could Ernest Giles be thrown into the pot as a bit of a sweetener for a deal on Havieron?

We know Newmont were interested at one point and have an NDA on previous drilling done at that time, so would they be interested in taking it on again, possibly 100% owned by them?

I know Shaun seemed keen on Ernest Giles, but has he cooled his enthusiasm a bit, now mentioning Bromus and Panorama (?) as possible drill targets?

It’s like a game of chess at the moment lol. Looking at every move ahead but having to wait for your opponent to make his move first.

Good luck everyone.