Member Info for starsthelimit

Freddie you have proved my point...and don't be so rude....gla

Investors should know that insider knowledge in money markets is a reality which encourages shorting as they have the time to play before i's are dotted and T's are crossed when arranging a deal ...Gla

Keys will be in our hands in this December quarter...keep the faith in our company board...they are all experts in their field...Due diligence is what we are looking for ..No mess ups in handover... patience is a virtue..Gla

William Wallace told us Scots once to.....Hold...hold...hold, that's what I'm doing with cashflow incoming in the face of adverse shenanigans ongoing in this chat ...I suggest folks just put the faith in the upcoming transaction which will happen in this quarter...Then make your decision stick or twist..Gla.

GRQ, maybe best to wait untill the ASX listing gets nearer..in May next year ...just my opinion not advice.

Momentum seems to have fallen by the wayside since September/October activity, we are all hoping for news flows to keep the ship steady on the way North....news flows are key....

It's been a long time since we had one considering we are out of the orphan period on the Lassonde curve.... quarterly update due...

Hi Ace,

I did get replies..

Naughtyneil explained it below...

My interpretation of this is that GGP owe Newmont 100m $ to be paid from sale of gold from Havieron with the payment rate being based on the formula stated. The POG will affect the payment rate, but not the total payable ie. a higher POG will result in higher payments, and a shorter payment term.

And Bamps said it was capped per year .

Sounds like that is the underlying meaning of the 'No Assurance' by the audit then, as they have no idea when Haverion will be producing or timescales until the DFS etc is produced by GGP in the future..Hopefully sooner rather than later...Gla

This bit I am referring to...No assurance can be provided with respect to deferred consideration which may be payable to Newmont in cash through a gold price linked payment structure with a 50% price upside participation by Newmont in respect of gold produced from Havieron for 5 calendar years following the declaration of commercial production, subject to a hurdle price of $1,850/oz. Deferred consideration for the relevant year will be equal to 50% x (market price – hurdle price) x sum of total gold sold for the relevant year (inc. doré and concentrate), subject to the annual cap and the total cap.

Anyone make head or tail of this from Newmont results...Investors are cautioned that the closing of the Telfer/Havieron sale remains conditional on satisfaction of certain conditions including: (i) Newmont and Greatland receiving approval for the transaction from the Foreign Investment Review Board (FIRB); (ii) transfer of key approvals and tenements; (iii) assignment of key contracts and leases; (iv) obtaining specific environmental licenses; (iv) restart of operations at Telfer following remediation of TSF8; and (v) other customary closing conditions. Under the terms of the agreement, expected gross proceeds of up to $475 million, which include cash consideration of $207.5 million, due upon on closing, equity consideration of $167.5 million in the form of Greatland shares, to be issued upon closing and deferred contingent cash consideration of up to $100 million. No assurance can be provided with respect to deferred consideration which may be payable to Newmont in cash through a gold price linked payment structure with a 50% price upside participation by Newmont in respect of gold produced from Havieron for 5 calendar years following the declaration of commercial production, subject to a hurdle price of $1,850/oz. Deferred consideration for the relevant year will be equal to 50% x (market price – hurdle price) x sum of total gold sold for the relevant year (inc. doré and concentrate), subject to the annual cap and the total cap.

Https://www.thearmchairtrader.com/uk-shares/greatland-gold-exciting-times/

Totally agree that political chat not the right place here..Telfer / ASX listing and the rest of our awaited good news flows is the business here ...GLA

Shares in Issue 5.09b

Market Capitalisation £338.51m

new shares issue - Not been adjusted as yet...

SpadesAspade, thought so but wasn't too sure...Everyone has their own choices concerning their investment and time constraints, whatever another investor does is fine with me as i have my choices too. Thanks, GLA

SpadesAspade, Forward selling please explain to me the process as an Interactive investor or iweb shareholder. Is it to sell current shares held (even at a loss) and replenish portfolio with the allocated 4.8p shares. interested as never done forward selling before.

De Grey Mining back in spotlight as Agnico Eagle circles gold miner

De Grey Mining is back in focus, with the latest talk being that Agnico Eagle has submitted a buyout proposal for the $3.2bn Australian listed gold miner.

Obviousy of the Oz miners...

Whereabouts in this table would we be after entering ASX in the coming 6-8 months?:

https://companiesmarketcap.com/gbp/gold-mining/largest-gold-mining-companies-by-market-cap/

Methinks 3rd..hopefully

Https://www.1900s.org.uk/1940s50s-public-phones.htm