The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The elephant in the room here, as Shaun has already alluded to, is the wording of the original JV agreement. It could simply be that NCM see the purchase of the FMV 5% being completed on production of the PFS, but not including additional resource upgrades.
Ultimately this should have no effect on the 5% FMV as the all of the data will be available to both teams,.
ATB
@zoros - "sojourner - more Q's than A's from me."
I agree that Shaun has built a team that will successfully navigate any issues, but what they cannot change is the wording of the original JV agreement, which, from that interview, it sounds like Shaun wanted some negotiations on.
Additionally, Shaun left no doubt that he would prefer the resource upgrade, MRE2, before the 5% sale is agreed and it looks like, and I could be completely wrong, that SB wants to agree the the 5% before adding the results of last years and the coming years growth drilling.
Once again, I agree, more questions than answers.
ATB
@CostaMooney - "I would add that the quality of those diplomats & politicians is at an ATL!"
I couldn't agree more.
Irrespective of your political views, you expect the government to appoint top people to the top jobs. Never in my lifetime have I seen so many incompetent, narrow minded, self interested, and quite frankly, stupid politicians placed in positions of power.
ATB
@JoshSheps - your post at 23:43 is spot on.
@CostaMooney - the Europeans now understand that America only acts in its own interests.
The problem with western diplomacy, is that it has too many mouths and not enough ears.
Tweet from Shaun
Just had a good chat with the Phil and Kevin from The Sunday Roast team. So a Greatland focused podcast should be shortly forthcoming @RoastPRthings
https://twitter.com/shaun_day_/status/1488794918609104896
Great summary from from Share Talk:
https://www.share-talk.com/greatland-gold-plc-ggp-l-most-significant-result-seen-at-havieron-outside-of-the-south-east-crescent-zone/
https://www.asx.com.au/asxpdf/20220128/pdf/455cvnlbn3cp01.pdf
Hi John, I have kept out of this discussion in the main as I see it as a straightforward process. Newcrest is exercising its 5% option on the available data and with some accounting for the probable resource. Both teams have the same data and they will reach a conclusion and we will be told the result. It will be a one off transaction, and will not be revisited no matter how large the ore body grows. IMO
The structure of the 5% FMV is that NCM will buy it for an agreed cost and that will be the end of the matter. That is the original agreement, and I suspect NCM have gone early, rather than wait for another years growth drilling, in order to minimise the cost to their shareholders as much as possible. This is business, not mates rates.
ATB
Newcrest closes in on Pretium as shareholders vote looms
https://www.mining.com/newcrest-closes-in-on-pretium-as-shareholders-vote-looms/