RE: Share chat history31 Dec 2021 09:46
An audacious takeover of GGP, planned for after the New Year holidays, has been thwarted by the white knight actions of Havieron Joint venture partner Newcrest.
Newcrest have activated a clause in the joint venture agreement seeking to buy a further 5% of the Havieron project from Greatland, which will begin to show the full potential of the project, which has been described by some as possibly the best discovery in Australia in twenty years.
Greatlands share price has been under constant attack by the potential takeover consortium, who to date have refused to reveal themselves, but sources state they were hoping to buy Greatland for a knock down price, before the true size of Havieron and other discoveries in the area are made public.
Newcrests action in seeking a further 5% in February, is designed to illustrate the potential of their partner, who they have a close working relationship with.
There is no guarantee that both Newcrest and Greatland can agree a price at this juncture, although it is thought the lower figure will still be at a large premium to the current price.
A scource close to the action has stated under an agreement of anonymity, that with every drill finding gold and the boundaries and depth of Havieron, not yet being found, that it is possible that the 5% purchase may be postponed until later in the year. However the February round of talks will firmly establish a truer value for Greatland Gold.
With drilling being planned for further favourable targets, Greatland Gold is looking to establish itself amongst the top middle tier gold companies in the world.
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