Member Info for Sungam

SVE would be a good shout I imagine. Think exploration is what GH is passionate about.

What a great guy Gervaise Heddle is. Thank you for your hard work to get Greatland to this point. Good luck for the future.

Newcrest 1st prize $33,000,000,000
Greatland 2nd prize $9,900,000,000 (teary emoji boohoo)
DDH1 3rd prize $100,000,000 (and the rest Sungam)

Never been so happy to be second (thumbs up emoji)

Sprout, There was an RNS on 30th Nov that has totally changed the dynamics of the Greatland / Newcrest relationship. We're digging the stuff up together which means less price in the ground and more price on the market.

AISC is looking to be the lower end industry wise

So sorry for your loss TMT, a very touching story. I hope you find your path. It sounds as though you have a wonderful family. S

Personally as a LTH my only concern WAS cash in the bank. With any venture, promising or not, cashflow is a killer. This concern is no more for me or at the very least delayed for 12months due to the announcement on the 30th Nov.

Not only is there cash, but there is enough for serious exploration which there is to be. Mr Heddle has demonstrated he is an extremely competent deal maker and frugal when it comes to spending shereholders money. Investors fully realise there is an element of risk after all its an exploration company!

2021 is going to be incredible for Greatland!

We're used to these fluctuations. In fact think its a sign of purchases for these funds right? As when it fell and siked to 27p last time round. Will leave this to the traders and experienced investors to explain.

Kept getting the same RNS for a while Phoebus

Should have probably gone for double of this placement, but very good news. Shows great intent!

Need to think of results from now and consider the importance of the new arrangement. The context is Greatland expanding into mining now with a mining company that are very good at keeping the AISC low.

The threat of a lowball buyout has been greatly reduced.

Higher gains to be had and a massive year for exploration in 2021.

Look at the 6month and 1 year trend. No GGP, but looks likely to be doing well next year.

Thinking there will be more afternoon fun with ECR!

Was it something we said? LOL

They all read the boards. Curiosity is far too great.

Thinking now and going forward we will see a bit of cascade effect from the likes of Greatland investors looking for a greater return.

Not bad today for some reason....... especially in relation to other exploration companies.

Thinking this latest agreement could be about buying time to obtain maximum value for Scallywag due ulimately to absolute importance of Telfer. Unproven areas PRE and BH are almost distractions at the present time. Spend 6months drilling Scally at our own cost and timeframe. Slowly releasing results in front of Newcrest.

If the grades are anywhere near to Havieron and shallow we will be on our way to Hydro's valuation at rapid pace.

have been provided by Greatland and Newcrest. Why not duplicate this approach?

Consider a JV with Greatland in the short term for % ownership. If results are great Newcrest will follow.

Or attempt to negotiate 25-30% Havieron approach with Newcrest directly.

SocialistB,

I for one welcome your questioning of the deal and providing a contrarian view. I shared your initial thoughts immediately upon reading the RNS and think many others did too.

Its hard to speculate why these arrangements were made in the manner they were, but clearly there was some pressure for concessions from Greatland. Personally I think this was due to the overly generous Havieron arrangement. I believe that Newcrest would have had to make an offer for Havieron or the entire company, possibly soonish, and the likely fear from GGP board was that this offer would be lower than the potential value of what Greatland has in the ground. Lets face it if they offered 60p a share they would likely get the company. Far lower than some, including me, believe it to be worth.

From Newcrest's perspective there is also a risk of Greatland entering in to arrangements with other majors in the area so am surprised Scallywag wasn't included. I think the timing of arrangement is linked to Telfer. I think it is a priority for Newcrest hence the deal. Its getting more and more expensive to keep.

Of course this is speculation, but there is no doubt that both companies are now closely attached (even at the hip) with any success benefiting both parties.

Lots of prospecting next year we hope with cash not being an issue.

S

Maybe we should JV with them. Now we have some spare cash