When oh when ?????3 Oct 2023 09:45
Possible outcomes … at this stage Shaun indicated 3… (1) existing JV structure continues (2) Newmont attempt to buy our 30% (3) Newmont look to sell Telfer+Hav. Who knows what’ll happen, Toffers doesn’t, I don’t, Shaun doesn’t.
It’s been indicated that early 2024 Newmont will announce their plans for divestments, cost savings etc. So IMO next weeks Newcrest vote to sell to Newmont won’t instantly mean these plans will be known any sooner. The keys are handed over to Newmont in early November.
Let’s hope from all the current drilling on our Paterson ground, our Ernest Giles ground, the Juri JV ground, and RIO JV ground, that something massive is hit. Very frustrated how long this all takes and living on hope.
Nice little summary from MHO1.......BUT .......after lots of research some 10 / 11 years ago , against my normal judgement, I decided to invest in a gold exploration company , a globally massive find , safe jurisdiction , miniscule price that allowed me to get millions of shares for peanuts. Normal time from discovery to first ore 10 / 11 years ; this company five years . Instant start on the decline down to massive grade ore.Whow !!! Most exploration companies ( 19 out of 20 ) do not even survive )
I have forgotten how long ago ( other than the release of a a few drill results , and ...OMG .....an MRE release of an November 2021 cut off date . Despite the general release of a few nondescript facts and a host of nondescript Town Hall meetings , and some mutterings of buy outs , JV's , buybacks , T.O.'s , I am totally non the wiser of data / facts / info except for the fact that the ore ( and how much of that is now known ) is still in the ground ( I hope ?? ) , and someone is digging a decline ( major frequent releases on nearly every metre advance - great news that is ).
The only activity that GGP undertakes is drilling holes to discover HOW MUCH AU and CU and ??? is in the ground.
My expectation is that as a significant shareholder , I should be kept regularly and fully informed of progress . Every one else seems to have these figures. WHY are we shareholders deprived of this info. It is a disgrace. Since we know that there is significant ore in the ground , lack of knowledge affects the SP which is the target of 99% of shareholders. SD may be a nice guy , but he is failing his financiers / owners / shareholders , . I would like to see some response from GGP now.
Tig