Member Info for Sungam

Every year my intended strategy changes for this investment.

Am impressed but not surprised by the lack of a drop this morning. GGP and shareholders have what they wanted. A mine (with repair costs covered), 70% of cost to date for Havieron paid for, the remaining 70% stake in Havieron, significant investment support from Wyloo and other institutional investors very good relationship with mining companies like Newmont who I'm sure will be back at some point, potential to JV with other explorers to offset Telfer costs.... it just goes on. GGP are totally integrated.

From being keen to sell at 15p I'm now back to hold and the first time in a few years thinking buy.

It would be good to pick up some deals with other minnows on the way if this all goes to plan Bamps.

Its great to have this situation where Newmont are not selling but still contributing 70% of Havieron development cost. They clearly want to offload Telfer liability but all prospective buyers are likely not interested as they know what this cost would be and are wary in the current climate.

So Newmont will not only have to offer 70% Havieron stake but will also need to consider also paying off a proportion of Telfer decommissioning cost. Perhaps there's an opportunity to obtain 70% Havieron, Get X% paid for by Newmont and obtaining some incentive from the Australian Government on environmental grounds. There's little point decommissioning Telfer to build a new equivalent which would be an incredible waste and a PR nightmare. The only logical way is sell both together and reduce the liability for all concerned. This could attract offers from elsewhere but untill then cheers for the 70% cost contribution Newmont! If you happen to want to do some more free Geo scanning work for us again please fill your boots too.

No it doesn't but takeover on the cards for both

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.

Maybe Newmont will do some free surveys for us again?

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.

Not all the cards. All GGP have to do is slow down to build up pressure on NCM.

Seems though thankfully they have a brilliant working relationship and are comfortable earning a fortune together going forward.

Regarding $150m it would be better to do a share issue to raise half that capital to cover us well into 2023 and cover the debt facility if needed.

So $150 would surely be rejected by Greatland

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?

We're so getting bought! Just hope it will be a fair valuation

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.

And how open they are to further investment opportunities. 'Beginning' of Newcrest strategy very much being emphasised.

Guess a timeframe had to be set as cannot continue to drill indefinitely with area still growing.

Absolutely Falcon. The II's will love this news

Good point Suffolk. It certainly outlines a timeframe

LTL, you should really read the last few RNSs from Newcrest. An incredibly efficient company with respect to cost.

Agree with you. I thought PFS would be in December although i think Ggp knew this would be released. Post PFS take over maybe..?

Keep thinking has this PFS been brought forward? Why would this be the case if so?