Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Greatland did this a few years back and i genuinely believe that they read these boards and learnt that they should only issue information when it is necessary and avoid overly emotive wording. COBR issue an RNS for the sake of it as investors and traders keep moaning. They felt pressure to do so and have more uncertainty.
Think before sending COBR!
Just to add the fact that permission was granted to continue with Havieron drills is very telling to the importance of the project and anticipation of positive results presumably even at Government level. Reading between the lines.
We have an awesome arrangement which will likely bring in very good cashflow. Why sell Havieron? Would easily fund drilling campaigns going forward.
When this deal was made i really believe it was intended over a longer period of time and much smaller prospect. Basically an error of judgement by Newcrest. I think a fairer deal would have been 5% in total. Too late now.
Selling Havieron 25% stake would need to be at a massive premium now also because Newcrest would perhaps not be interested in Scallywag after Havieron so would be one less mining company suitor.
Same deal for Scallywag exploration? Now that would be interesting
I think our deal with Newcrest based on a long term outlook to being operational is far more beneficial to Greatland now and also sets the precedent going forward. Scallywag drill and results will hopefully be completed before any offer for GGP. Could significantly increase our value in the short term.
Absolutely this is going above 25p. All other findings will be associated with Newcrest enhanced backing. I really hope we stick to the current arrangements of 25% and 5% as we want them interested in other locations too