Member Info for TimberTrader

"...Antipa Minerals says the boost in resource scale further adds to the project’s already substantial standalone development potential.

But it also enhances its attractiveness given its strategic location, just 35km from the Telfer gold-copper mine and massive processing facility, which London-listed Greatland Gold recently bought from Newmont in a US$475 million backed by Andrew Forrest’s Wyloo Metals.

That places a premium on resources in the area, with Greatland’s role as the single-asset operator of Telfer and its nearby Havieron discovery meaning the project will see increased investment and no longer fight for capital in the portfolio of an international gold giant like Newmont...."

https://www.theaustralian.com.au/business/stockhead/content/antipa-minerals-grows-minyari-dome-gold-resource-33-to-23moz/news-story/b7b8af71f4d90076b0a8f813542325cc

Greatland Gold, "The natural consolidator for the region" (Money of Mine)

Late trades - Up 15.38% @ 6.30p!

Up 12.64% @ 6.15p (Unless late trades)

A gold rush on financial markets is morphing into a land rush in Australia's Great Sandy Desert with iron ore rivals Rio Tinto and Fortescue founder Andrew Forrest leading the charge....(Sub - anyone got one?)

https://www.mining-journal.com/miner-s-right/opinion/4360050/andrew-forrest-leads-iron-ore-miners-rush-gold

@ Xataxx You may care to read Charles Archer's take on it all. He's probably as up to speed with, or ahead of any of the brokers:

https://miningaim.co.uk/charles-archer-blog/f/greatland-gold-dissecting-the-deal

25% up on the placing price!

SP @ 6p now....

Well, a nice day so far, with 6p Offer Price hit....

Pre-raise SP by the end of this week?

I just love to see the usual cases, and their pointless de-ramping (often paid) mates, with just a few post counts, suddenly appearing on the GGP forum, totally clueless about what's happening, idiotically thinking that they can affect the investment strategy of those who've researched their investment for many years! Come on guys, just admit you have no idea, whatsoever, about this M&A activity!

@ FredDobbs I don't understand your mentality Dobbs?! You dumped your shares 'yonks ago', so what is your infatuation with de-ramping GGP now?! Just another chat board narcissist? Do tell?

Thanks mark888man, appreciated, but my actual point was that some subsequent posters have completely missed the original question asked, but, it's the GGP forum, so, que será, será!

It would seem that the OP's original post, and question, has now, as usual, been lost?

With fundamentals alone, IMHO, at least 12p, but, with possible (likely?), investor & financial media hype, as we had before, 16-18p, but anything right now is largely a 'guesstimate', nothing more.

Greatland Gold (GGP) will go from part-owner of a development project to a significant gold miner in one fell swoop by the end of 2024, when its $475mn (£362mn) deal with Newmont (US:NEM) is done. This will give London another mid-size operator just when Centamin (CEY) is leaving the exchange.

Greatland is buying 100 per cent of the Telfer mine and the remaining 70 per cent of the Havieron mine it does not own from Newmont. To get there, existing investors are looking at serious dilution, with the $325mn equity portion of the deal done at 4.8p, a 30 per cent discount to the untouched price and a long way from the 11p the shares traded at near the end of 2023. Greatland will also issue $167.45mn worth of shares to Newmont, with a 12-month lock-in, and a retail raise that closed on Thursday contributed £6.7mn to the pot.

Of the $325mn raised, $207.5mn will go to paying Newmont, including a $55mn debt repayment, and the rest will go to working capital ($73mn), transaction costs and group debt...(Sub Required)

https://www.investorschronicle.co.uk/content/a6bd4bc3-ff3a-5902-98fe-7846986d14e2

Https://www.youtube.com/watch?v=F8pp01HxxU8

@ Blunt_Insertion First post ever on this thread, and you seem to believe you speak for LTH's! Give me a break! Surely just yet another Friday de-ramper!

"You couldn’t punch the smile off my face!" – Shaun Day, Managing Director of Greatland Gold, on the big $475M deal

IMHO, I'm not surprised at all! As Charles Archer has stated, "It's a f*****g steal"!

Thanks! Definitely looking forward to that one!

Indeed! The restart of processing operations at Telfer, which are expected to start later this month, or next, with a nice large stockpile of ore to get going with!