RE: The Havieron final solution15 Aug 2020 15:18
Lenz / Welsh F........ Every asset has a measurable / acceptable / agreeable price.
Hav . is a perfectly measureable asset , and it is simple enough to write conditions into a sale ,should the asset grow titwice the size/acquire increased value. GGP is an exploration company and I guess will want to stay so. Go to the AGM in December and ask him.Submit a written question. GH will answer it. If he changes the direction of GGP and moves to become a mining associate, he will have done it on the back of some very clear reasoning.
IF he sells Hav. to NCM - 100% - which is the strategy that I currently support, remember that he is still going to maintain a very close working relationship with NCM, and part of the sale agreement may well contain clauses on future exploration GGP intentions on adjacent tenements. It would be daft not to. Hav is as essential to NCMs maintaining Tier 1 status for Telfer for the next 10 / 20 years, ( and possible other huge GGP discoveries for 30+ years ) as it is for GGP to have a trusted associate , top line miner like NCM , to co-develop their own Tier 1 discoveries.
If you are still contributing to this board in 20 years time( which I almost certainly won;t - I am not Capt. Tom ), you might still be offering the same arguments on Kraken, Crudal ,London ,.............I trust GH to make the correct decisions on behalf of his shareholders.
Tig