We would love to hear your thoughts about our site and services, please take our survey here.
Plode writes like every other troll on here.
Quick in and out sentences.
Containing no facts. Just opinions which we all know are like something else everyone has.
Except, with a handle like '...plode' one guesses his must be much bigger, so he can talk out of it too?
Culpeper. having seen the quote I provided (no doubt at least for the second time) answer this straight question: do you think Bamps quotes figures in USD or AUSD or do you, as you asserted, think he doesn't know?
One of those answers would, if you had any class, require an apology
You opened with a comment on "...his posts..."plural. Not the one you are claiming to refer to.
Inference being you keep up with them.
You were having a dig. Stop weasleing out. I doubt you have the temerity, mannners or even cajones to apologise. So at least STFU.
In the meantime, here's a copy of a Bamps quote from a few days ago. Note he reference NEM's savings wishes. Were they referring to Aus dollars. Mmmm think not
"What could Telfer valuation be:-
"What co
Newmont want $3.05bn of synergies and sells
$500m from Lihir and Cadia
$500 other synergies and bulk caving skill sets , probably Newcrest patent on caving
$2bn of sells
https://www.ggpchat.co.uk/viewtopic.php?t=722
Post on 21st May 2023 shows the NPV “bubbles” of each of the combined assets.
There are 6 mines and 2 projects
Telfer has 12% of the total NPV , Havieron is not mentioned so presuming that figure is combined.
This works out at $240m
That was nearly 12 months ago Telfer value is falling.
I can’t see the value being much more as the rest of the mines value would decrease if Telfers increases distorting their NPV values.
NCM also might not be able to achieve or might get more.
$240m looks like a great value for both , I would have thought that to be a minimum.
Who knows what’s going to happen 🤷♂️"
Obviously NEM's boss has an inkling of where (some of) this half billion is already coming from?
Perhaps, that's the amount he sees getting from GGP and its Wyloo/Bank consortium BY THEN?
In other words, we could give NEM a nominal amount now, foot the full development and Telfer conversion costs with our debt facility, and then pay them in increments as the ore comes on stream - we'd get some contributory revenue from Telfer straightaway - which it will have done by then?
The deal could also contain the 'gift' of Telfer, in exchange for a 2% commission on revenue over the next 10 years or so, which would make a staged payment deal even more favourable.
I reckon I could sell divesting a 'non-core' (and self-undervalued) asset like Telfer and Hav, losing the cap ex that goes with that, in return for $500m by end of 2025 and an ongoing minimum £20m income for 10 years to NEM's SHs?
He of course preceded the whole article of which this is the summation, with 'not investment advice' etc:
Greatland Gold has:
• A ridiculously overqualified senior team
• Which is almost certainly scheming to gain 100% of Telfer/Havieron
• Joint Ventures with both the Newmont/Newcrest hybrid and Rio Tinto
• The prospect of a super-JV with Rio if they can’t get 100% of Havieron
• Masses of highly prospective exploratory tenure
• 30% of Havieron, which will imminently deliver an updated MRE and then DFS
• That 30% can be valued at anywhere from circa $150 million to $1.7 billion+. Seriously
• A banking syndicate happy to lend $220 million
• Wyloo flower power
• A plan to launch an ASX listing, massively improving liquidity and access to a senior investor base
Is it high risk? Perhaps. If you take the Samuel Grant valuation at face value, GGP shares are still overvalued — but those assumptions would also give Greatland an exceptional prospect to buy its flagship outright.
In the most recent Sunday Roast podcast last week, Day noted that if Newmont chose to divest Telfer/Havieron as part of their $2 billion of divestments plan, it would be an ‘amazing opportunity.’ The CEO also noted that ‘shareholders should have confidence that there is a team and BOD built to do that and some of the shareholders such as the largest Wyloo Metals give the strategic capability to do that as well.’
Hydro and Bamps and others may have been in a WhatsApp a while back. Not for me to comment (which of course this is) but I don't believe Hydro and Bamps currently see eye to eye, despite I would guess there being mutual respect and a shared passion for this, well share.
Neither I can report never says anything untoward about each other to me - admittedly a longer time since I chatted with Hydro.
I reiterate however, Bamps is not a pumper, nor does he try to encourage others to do so. Things can and are taken out of context and can look different when that context is missing. He would never try to 'manipulate' this share nor can anyone on here really although it does seem the naysayers think the opposite - but then their job is to facilitate the movement tickets from PIs to their masters' clients!
I don't think Hydro would mind me saying (and I think there is veracity in it IMHO) this share has long been the target of institutional shorters, through the manipulations of spivvy MMs. That sort of thing is Hydro's speciality and is not Bamps' focus of interest - he just loves the dirt and what might be under it!
Firstly a disclaimer: I have come to know this West Country man quite well and am lucky to call him a friend.
We text each other but mostly, we communicate through a 10+ strong, convivial and courteous WhatsApp group. This may colour what I am about to say, but last time I looked and checked, I am not a moron in a hurry. I am a LTH and very rare poster these days but when lies are told and faeces spewed, it needs calling out.
As promised, those facts:
Bamps is a tireless supporter of GGP and believes in it 100%.
Bamps would never try to ramp or deramp the SP.
Bamps spends countless hours consuming the available data and representing his thoughts, sometimes he will admit to 'interpretations' of those thoughts, in the medium he enjoys and is most eloquent in: superbly imagined and rendered visuals.
Bamps genuinely understands geology, polymorphic mineralisation and the way it is formed. He is an avid student of the subject. Yet he will always, when unsure seek confirmation of his theorem and thoughts (Magic Trades being a good ref)
Bamps genuinely knows how the mining cycle works, and more importantly, how, what and when different mining methodology is appropriate.
Bamps has called dozens of subsequently proven aspects about Havieron from the early days.
Bamps has had private chats with people like Shaun Day and Callum Baxter who seek and value his thoughts whilst behaving as they must. with probity and within rules.
Bamps loves to meet other GGP SHs and share thoughts and stories not just about GGP but anything - he loves life.
Bamps is a kind, caring man who thinks of others first.
Bamps is occasionally, by his own admission, overly passionate. But he would never, ever seek to say something or post anything that could or should be taken as 'advice'. He always makes it clear what he puts up is for discussion and his own thoughts, howsoever they continue to be, IMHO, invaluable.
And now the final two facts, and for me the most reassuring: Donald Leggatt of LSE Investor Relations has met Bamps on a few occasions and from what I have seen regards him as gentleman and an invaluable contributor to this platform and events and would never ever take down anything he posts.
Unlike my last fact: anyone who comes on here having a go at Bamps is out to sew doubt in your mind; they recognise the value of his posts and they seek to discredit him. 100% IGNORE THEM. 100% TAKE IT AS A GOOD SIGN. Probably the vanguard of a shorting attack but either way, the more faeces spewers try to discredit Bamps, the more you can and should ignore them (green bin them) and believe whatever Bamps is posting about very definitely merits reading - what you do with his information, as ever, is up to you.
GLA true GGPers. Thank you Bamps.
@tig,
the market knows what we have and it knows that tons of the shares are still held by us. it doesn't care, new iis will come in after asx listing. twiggy and our access to debt should keep us safe until we pour. but nothing will stop the mms trashing the share - including the law.
your views are fair and deffo shared by many. equally, have you ever known a board to attract so much fud?
only morons in a hurry without a stake go on to a board to **** off the share, i mean why would any normal sane human do that?
yet we have plenty. newmont will mine hav - the grades ponce we get to depth are astonishing so the returns are huge for the outlay.
they will try to buy us out and, like ncm, may resort to dirty tricks to try to that.
but, unlike when gh left us, with no cash to meet our side of the bargain, we can now. so ultimately and eventually they will, if we stand strong (doubt they will offer more than 40p which is where most lths will start to waiver) get on board and play nice.
until then, be prepared for more mm-led attacks on price as we near the ore body!