Member Info for Sungam

So this is what was flashing up and rotating on the screen in Baxters presentation. So many clues!

I am more convinced now that there is a contractual clause(s) that prevents a Newcrest approach for Greatland or even the remainder of Havieron ownership until the conclusion of drilling / formal MRE announcement.

There are quite a few reasons for these clauses to be in place including: Safeguarding of both parties interests but mostly protection for the smaller company, Fraud prevention (Insider dealing), Competition regulation, existing financial arrangement being in place that may have impact on value of company (Havieron works).

I could see an offer being made upon announcement of MRE for Havieron / Greatland (the company), but not before The value of Havieron is confirmed. If an offer is not made at this point it wouldn’t surprise me if both companies enter into an agreement to explore the rest of the tenement utilising assets in the area and personnel.

Either way its all marvellous for Greatland shareholders.

Just thinking it would be a consideration for Greatland to prevent a low offer due to the low shareprice back when agreement was made.

Likely to have been discussed but there could be a clause specifying no approach until conclusion of drilling, feasibility confirmation of MRE?

No probs Panama

Grade comparison gives an insight too.

If Newcrest and Greatland offered up the same arrangement in principle to drill remainder of tenement (Scallywag) plus additional fair royalty payment no doubt, would you as shareholders be in favour of 25% of the remainder?

They have 9 rigs in the vicinity surely after Havieron 80km or so it would be logical and cost effective to drill other locations immediately.

Where else would Newcrest want to look at?

Probably posted before and i try not to ramp or dissuade people with their investments but.....

https://www.mining-technology.com/features/feature-top-ten-biggest-gold-mines-south-africa/

Relative to a share price within the mining sector in Australia, what is the average acquisition price as a ratio? Realise there are many variables but would be interesting as an approximate measure

Well hopefully attempted buyout followed by a Rio counter offer

Ah.... cheers... tickers and abbreviations!!

Paddygall, such a great position to be in.

Am sure we all agree that Newmont can pay double what anyone else offers

CB1984, assuming you mean Rio. Very much agree and again means full Havieron disclosure of grades may push Newcrest into action to make an offer.

Tom, the 50p figure is a bit subjective but yes that would be for Greatland. Even at this price surely the BOD would still need to put it to the shareholders? Personally i don't want this. I would rather play the long game with similar to Havieron arrangements or selling prospects. However, there will be a price point to Newcrest where risk and reward will be worth an approach imo

Heddles reputation wouldn't be too tarnished with a 50p sale of Greatland! (I don't want this personally!)

Havieron is perhaps..... to good!

Absolutely. Rivals are definitely lurking and the best price for Newcrest will be over the next couple of months.

Knowing and releasing results are not the same and dont necessarily require 80k meters to be drilled. They will know and deal way before any release of results. Refering to buying Greatland not Havieron.

Ask yourself as a shareholder of Greatland if the shareprice is 45p (after MRE of Havieron) what would be the offer price for Greatland? £2 per share... ? To me that would be very expensive for Newcrest.

Today at 11p ish what would be an acceptable price? 50p....?

Surely its absolutely in Newcrests interest to buy Greatland now. Not only that, but it has to be before / same time as releasing Havieron drill results which will massively raise the share price of GGP if they are remotely decent and before further exploration is undertaken. Why is it taking so long to 'plan' or announce plans for drilling? Feels like delaying tactics.

Investors wont be waiting for formal MRE, they will know approx MRE from own research.

Key question is what offer is acceptable to GGP and i bet there will be counter offers by rivals.

The transaction will go through your broker. I get dividends paid through ii.

Really hope we continue as gold explorers and use this deal as a template. Why sell now? Havieron is being fast tracked! The pace alone is quite unbelievable.

We have dozens of locations to explore yet. Dividend method sounds a great business model for GGP.

I thought Telfer AISC was $900. May be wrong

Feel there will be an announcement on Scallywag next week. Need to continue drilling in other prospects!