Member Info for schlemiel

So is Hannam advising Greatland or not?

What's intriguing for me is that H + P initiates coverage at a market cap of +£300m. That's an initiation note as well so one would expect that at some point Hannam will up their estimates if the story gets that far

Hannam are both buy side and sell side advisers. So, which category do Hannam fall into assuming they are acting in an advisory capacity (either informal or formal) for GGP?

'When you refer to the sell side, it refers to firms who sell products like bonds, stocks, or the sale of an entire company (as in investment banking). Your job if you are on the sell side is to make investors buy these products, hence the term “sell” side.

On the other hand, if you are on the buy side, what you do is use capital to purchase these securities or companies that are for sale. You raise this capital from investors and from there, you will have to make your decisions as to where you want to invest them and what you will buy.

In terms of M&A, the buy side means working with the buyers and finding opportunities for them to acquire other businesses.

Sell side M&A, on the other hand, means working with the sellers who are trying to find a counterparty for the sale of a client’s business.'

C9

Well, on that basis, can we assume that what is contained within the H + P initiation note is now the intention of GGP management going forward?

All in all, it's an intriguing set of developing events...we know something is happening but we don't know what and that's frustrating

b1 - I've tried to find some connection between GGP and Hannam but nowt materialised. Linkedin can be a good source of as it may show 'inter-connectivity' between companies, nowt either

Newcrest on the verge of breaking A$30.

Tav -

Our 25% is gold dust. Low cost (capex and opex) to extract huge value from Havieron. That's the benefit to Newcrest. It's not in their interests to allow GGP to keep the 25% but Newcrest know we can easily raise that amount of cash should we need too

to take it from an explorer to a miner at Havieron and then explore its other tenements?

I think someone on here quoted around 'US$40m' as part of GGPs CAPEX liability to achieve first ore at Havieron. It would cost SOLG over $US2.4-2.8bn and more to achieve first ore at Alpala. Look at the difference in CAPEX to achieve first ore. Having Telfer close by is beyond good fortune for GGP. It's a gift from god. It's like buying a Ferrari for the price of a bog standard BMW

The great fear of the market regarding small companies is dilution, and the more dilution especially when there's no end game and finite purpose to the dilution other than to keep the lights on. if you look at the figures above regarding first ore, the market would smash down GGP's door to finance their 25% of developing Havieron. It's without question the most potent investment prospect I have ever seen on the market. A huge HG gold-copper discovery without the burden of crippling dilution. It's akin to buying 50p coins with 10p pieces.

Moreover, newcrest will know GGP can raise the 25% needed to finance Hav development to mining so that puts the ball in our court.

I think the ASX market is now 'cottoning onto' the Havieron factor in their portfolio...low capex, zero processing capital costs, high grade. If it can transform the fortunes of Telfer, it will transform the fortunes of Newcrest. Heddle will surely realise what we have and act accordingly to extract max value for the shareholder

just my early morn naive and dull-headed thoughts

I view warrant holders as distressed sellers. They act like distressed sellers so they are distressed sellers. It's selling stocks based on financial considerations as opposed to considerations that relate to the fundamentals of the company in which they own equity...imvvho

I was just gonna post the same. The wider market is being hammered so our flaccid performance shouldn't come as too much of a surprise.

A - It's those bluddy warrant holders..I'm tellin' ya

MB1965 - Sorry, I meant to type 'interestingly conservative'. :)

https://stockhead.com.au/resources/happy-hunting-ground-golden-state-targets-the-pilbaras-next-big-gold-discovery/

This is another WA explorer but I wonder if GGP's also applied for this scheme? :-

''The explorer has also applied for co-funding from the Western Australian government’s Exploration Incentive Scheme (EIS).

As part of the EIS program, companies and prospectors share in millions of dollars in grants to encourage innovative drilling in greenfields areas.

Successful applications are expected to be announced in mid to late May.''

--

Strudel - I know that mate but you either believe the GGP story and hold the stock or you don't believe it and sell the stock or indeed don't buy the shares based on Hannam's note

It's a bullish note but Newcrest not Hannam will determine the end result

gl fella

Strudel - Don't spoil the party mate. The note is what it is. Accept it or reject it

We need a proper buyer to clear the seller

Does the note make reference to the warrant holders and their intentions?

Fc - that's an image I won't be able to remove from my memory for weeks to come!. Where's my medication?

Fc1865

It's probably the schizo, Peel Hunt

but the interest is returning so not red for much longer mate

Bolly - that's superb fella...many thanks! The upside is there for all to see

you've just made my day and my year

US$50m for our non-Havieron assets...interesting