Member Info for SpadesAspade

Well like I asked earlier Lofty, why are you still here if you predicted all this month’s ago ?

Well then $2115 now broken, let’s just see how many of the experts on YouTube are correct, as that is the figure they were all saying once broken through, there would be no stopping it.

POG keeps bouncing off the ropes like Ali v Foreman. Just waiting for that KO punch to send it through the ropes.

Trap door awaits

SAB, Monkey’s got himself tied in knots, just wondering how he’s going to suddenly free himself of the noose he’s put his head through.

Lofty, you say you are invested in GGP. So answer me this, why should anyone here take any notice of what you say, when you yourself don’t practice what you preach. ?

If you believed all that you say you have previously stated, then why o why have you not sold up and moved to pastures new ?

Is it by any chance you have never been invested, and you are here just to wind folk up, because you’re about as convincing as the proverbial chocolate fire guard !

Sandgrounded, But the big question is, will anyone else bother to make a bid knowing full well that GGP have this LROR agreement in place.

The more SD talks about buying the farm back, the better imo, as I think it could put off any other suitors who may have their eyes on it.

What happens if nobody else does make a play for Hav/Tel, what would Newmont do then ? They obviously want to sell, but at what price would they be prepared to accept. Many more questions than answers at present, but I’d be surprised if this happens this quarter, perhaps by the end of June we might just get to know !

Sandgrounded, why would GGP make an offer first when they have a trump card to play by having the last right of refusal penned into the JV agreement, that would be just silly, wouldn’t it.

I would imagine there will be a deadline for all offers by interested parties to be tabled, and at that point, it will be upto GGP to decide if they want to pay $1 more. That is in effect GGP’s trump card. Know what your competitors have bid, then make your bid, industrial Gazumping you could call it.

Https://audioboom.com/posts/8467454-sunday-roast-featuring-rupert-verco-ceo-of-cobra-resources-and-shaun-day-md-of-greatland-gold

GGP from 53 mins

It’ll be interesting to see just were it closes today. Now currently at $2084 oz, if I’m not mistaken I’m sure Alisdair MacLeod said once gold breaches and closes out above $2115, it’s game over for the fed trying to suppress it any longer. He said once that level is broken, we should see a quick run upto $2500.

Well I suppose we’ll just have to wait and see if his prediction comes true.

That’s what Guy Faulks thought too 🤭

Hey Sandgrounded, let’s just hope our cases don’t end up like Rhod’s

Personally I don’t think we will learn anything we don’t already know at the TH meet on Tuesday.

But what I do think though, is the reason why SD wanted this TH meet, is to spell out exactly, what he plans to do going forward, given the opportunity that has presented itself for buying back the farm.

What he’s definitely not going to be saying is, we’ve already struck a deal with Newmont !

This meet will obviously be a discussion on whether or not he will get the backing of the Pi ownership, and by us giving him the support, he will explain just how GGP will fund the potential purchase.

At the end of the day, Newmont are a business, and just because we have 30% interest of a JV with them, I won’t be expecting them to be doing us any favours, as it’ll just be business as usual for them, selling to the highest bidder.

I’ll admit I got my investment strategy wrong, as I never thought for one minute that anyone would of walked away from such a huge discovery, even a company the size of Newmont.

Where do we go from here, nobody knows just yet, but come 9pm next Tuesday, we should all know what path SD and his board want us to follow.

Big decision’s to be made come Wednesday morning! Do we stick or fold in this game of blind poker. We can all see that large pot of cash in the middle, but will we be able to get our hands on it ?

That is the question !

This is the original RNS regarding the debt facility.

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xegzdjw

On 12 September 2022, Greatland Gold plc (AIM:GGP; Greatland or Company) announced that it had signed a commitment letter, including a terms sheet, for A$220 million seven-year debt and associated hedging facilities with a syndicate of leading banks: Australia and New Zealand Banking Group Limited (ANZ), HSBC Bank (HSBC) and ING Bank (Australia) (ING) (together, the Banking Syndicate) (Debt Commitment Letter). Further to this announcement, the Company is pleased to advise that it has received a Letter of Support, from the Banking Syndicate in respect of the proposed debt and associated hedging facilities (Letter of Support) which supersedes the Debt Commitment Letter.

Highlights

§ Letter of Support confirms the Banking Syndicate remains fully supportive and enhances Greatland's financial flexibility

§ The update saves the Company from incurring the commitment and other fees associated with the proposed A$220 million debt facilities until the Havieron Feasibility Study is finalised

§ The Letter of Support in respect of the proposed A$220 million debt confirms the Banking Syndicate remains fully supportive while the Havieron Feasibility Study progresses with several value enhancing options underway to maximise value and de-risk the project

§ Havieron early works including the decline development is continuing to advance, with total development now exceeding 2,025m (as at 19 April 2023)

Sandgrounded, how long have you been a holder ?

I can’t believe someone who has been commentating on GGP for as long as you have, seems to have absolutely no clue as to what GGP have negotiated with the banks. Jeez !

It was around $220M dollars, that as of yet, hasn’t been called upon. On top of that he then went back and renegotiated the terms of the loan whereby GGP wouldn’t be paying any interest back until calling for some of that cash. He also stated at the time that the loan could and would be scaled up, if needed, just in case this particular circumstance of buying back the farm ever came to fruition.

If as you say, you ain’t selling, then for god’s sake man, get your 5h1t together and at least find out everything about the company you’ve invested in.

Until Shaun let’s the cat out of the bag, anything is possible, including an SXX scenario, but I for one will give him the benefit of the doubt, that he’s got everything under control.

Come next Wednesday morning, we should at least get to find out what he’s got up his sleeve, so not long to wait for the if’s, but’s & maybe’s to be answered.

If I can wait patiently for answers, why can’t the rest of you, instead of pulling your hair out with torment.

Hey Freddie, you seem to spend a lot of time on here for someone who is supposed to be still working.

What the heck is it you do ?

Ntl101, “It’s all bl..dy conjecture until the fat lady sings”.

And that’s why I choose to wait until after the final song has been sung next week at the Town Hall. Until then, once we can digest exactly what SD has to say, I’m remaining shtum, as like you say, everything I’ve read from posters who sit on both sides of the fence is just a mishmash of What ifs, but’s & maybe’s.

Come the 6th of March, hopefully we should all have a better understanding of which path we are about to take. Fingers crossed 🤞 it’s the correct one.

Sarah, as with most posts I read here, something funny always seems to jump out, and your’s was no exception.

“ No-one has the balls to question hard”

Well no surprises that applies to you also. Hopefully you don’t take offence, I just thought it was funny 😄