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Isn't it logical that a mini-bidding war could take out Greatland first? Why would suitor want GGP's position to strengthen whilst T.O. of Newcrest is taking place? Also acquiring GGP would put you in a more favourable position for NCM.
GGP is both a hinderance and a potential prize from external perspective.
We have so many options and time really is on Greatland's side.
We could even start auctioning off Havieron say at 0.25% at a time every quarter on the open market if needed instead of agreeing 5% with NCM. Start a bidding war in line with progression of mine and PM rise.
Been thinking perhaps there is a possibility of revising the arrangement within the tenement itself.
- Havieron boundary defined. agreed by both parties
- 5% of Havieron purchased by NCM
- Additional time for further discovery and proving up on remainder of tenement which remains owned 30-70 split
Seems fairest approach for a rare 'problem' of having discovered too many gold deposits. (So annoying when this happens right?)
Who can least afford a delays? Irrespective of 5% purchase we are looking at revenue stream from 2023 right?
Rare that the minor player is in such a strong position.
The agreement between Newcrest and Greatland signed all that time ago was based on so little that it needed to be very attractive to GGP. (Well done Mr Heddle)
I recall discussing that the results, in line with the arrangement could be 'too good' and this is now coming to pass.
How do you value these incredible discoveries at Havieron including the provision for future growth?
Was thinking to myself had i truly known how long a gold prospect SHOULD take to convert into a mine i would likely not have invested. This pace is unique and i feel very fortunate to be in the position i am.
The next 2 months will be incredibly exciting. Havieron is not a one off gold miracle.
A bidding war is very likely imho should a takeover be attempted which is looking extremely likely with our CEO even mentioning it.
A very good presentation today by SD.
Well said Paddy. The slowest penny to drop in the market is the value in the relationship with Newcrest. Our arrangement is priority number 1. So imagine when we strike again. The template will be there to use going forwards.
Blackhills gold on the surface from samples collected..... we haven't found the source yet, but it sure as he11 didn't rain down!