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In amongst the thousand posts in the last two days there are one or two people who seem to share my view get what this deal means.

This is a great deal for GGP. Transformational.

This deal also rings the death bell for any hope of a return to 2020 highs in my view. Time will tell whether I can get back into profit but the loss of hope on getting back into the 20p range is a tough hit to take this week.

Can we all please stop using 10Bn as the total share issue. It’s 13Bn.

Would like to hear from anyone who gets these cheap 4.8p shares. On reflection the £9M in retail offering looks like a ‘friends and family’ deal and I haven’t heard from anyone yet who’s bagged any…

Petejh - it’s this type of information combined with a clear long term business plan and a better understanding of shareholder returns that could drive up the SP in the medium to long term.

I’m sure more info will emerge.

It’s going to be an interesting few days but e won’t know how the market values the new GGP until the deal concludes at the end of the year.

I can only hope for a 1.5-2BN valuations and a share price around 11 to 15p.

Dilution was inevitable but going from 5Bn to 13Bn shares doesn’t feel value added for me as a LTH.

Given the journey we are on I would call tomorrow as the bottom of the lassonde curve but with consolidation inevitable I don’t believe we will hit 30p plus for a very long time.

A little depressing…..

Agreed leew.

It is a good day for GGP and let’s be clear, the exclusivity with majority terms agreed is a very exciting (even if expected) outcome.

I have a high degree of confidence that we will see 36p again. Let’s hope the deal and the news that follows re rates us quickly.

Sorry MH01 - it doesn’t tell me anything. It states how they have structured the deal but no figures have been published.

3Bn shares issued at 8p is £240m.

That would put 8Bn shares in play. At the end of 2020 we were at 36p with 4Bn shares so holders will have experienced a halving of their respective value through dilution. That makes a 72p price necessary to return to full value.

Having said that, the potential here remains very good in the long term. Anyone holding on over the last 2 years hoping for a big re-rate back into profit is going to be waiting some time in my view.

The journey continues.

I’m an investor Ricardo. The only measure of success here is making money in my view. If your not at least a little concerned about this reverse takeover then your clearly not thinking straight.

The RNS at least gives some hope that the deal may. E accreciative and good things can happen following suspension.

SD’s promise that this deal will be good news for shareholders hinges on the structure of the deal. This leak / rumour suggests a doubling of the share capital. It’s going to be a long way up from here to get back into profit on my trading account if the total raise is via equity.

I was praying for either a tolling agreement or bank investments to cover the purchase.

Really need the details…..

Good luck all.

That’s a hugely encouraging deal for GGP. It shows Newmont are not just about money now and will look at longer term payment deals.

Great stuff.

The only positive of a low SP in my view is it reduces the likelihood of large scale dilution. Shareholders are not going to vote for 10bn new shares to be issued to raise £600m. I think a debt based / tarrif based deal or a Wyloo/other party project share seem much more likely whilst we bump along the bottom.

Clarity on the situation would fix the SP in a week.

Let’s hope SD has more to say at the TH otherwise it will be over in 5 minutes.

He is clearly a happy man and Wyloo are mentioned every time he opens his mouth. It’s the funding details and the shape of the deal we need and clarity for shareholders that the new Greatland Gold is for us long suffering PI and not just Aussie bankers.

Surely any raise has to be within the AGM resolutions scope? Whatever happens, I think it will need shareholder backing so it needs to clearly. Need it all parties.

Am I wrong?

Nothing good can come from SD remaining silent and I really hope that Newmont and GGP have been working the detail through and are about the go public on a deal.

I don’t believe SD is going to put himself in from of the TH investor group without something to say. Without an RNS before the event though we are not going to get the answers we need.

6.3p a share suggest little market confidence we can perform the miracle.

Having just taken a battering over at AVCT I have spent this morning considering dilution for asset purchase and the impact on the SP.

I think the Town Hall is important to set the tone for how GGP intend to navigate any negotiation. We won’t get details but some clarity on what a good deal might look like is important.

SD has a load of options at 12p if I recall and Wyloo at 8.2p if I recall. My sincere hope is any calculation factors around these numbers to create a platform for the SP to grow and out both invested parties firmly in profit THIS YEAR…..

Finance and/or royalty payments to NMT has to remain the best option.

Long term once the gold is generating income and profit then everything becomes easier and I have little doubt the companies value will increase.

Great company. Love the Proactive Interview.

Feels like momentum will shift in our favour soon.

The most astute observation in the Sunday Roast is the statement that SD has been talking around the issue of divestment and GGP taking on Telfer for 6-9 months now.

This rings true to me. GGP has to be one of the parties Tom Palmer refers to as advancing discussions in the article from last week.

Things could move quickly this week. An RNS confirming an offer has been made would and the terms of funding would do a lot for the SP.

Hi Sandgrounded,

That’s the dream ticket in my view. An affordable purchase and a future gold production cut to Newmont.

We also need to remember development at Hav also needs to be funded and the lights kept on at Telfer for the next year as well.

All of this needs to be debt funded somehow otherwise the future for us PI’s looks very uncertain. A statement from SD leading up to the TH event would be good.

Newmont down 6%.

That’s the art of doing a good deal I guess Ben. For shareholders we want to see the value of the company grow by more than the cost of the asset.

Simple maths. Excluding Telfer as a gold producing mine and just looking at Hav. $500 per ounce profit x 8.4M oz of reserves is $4.2Bn.

Surely that’s got to be worth something.