Member Info for zoros

Timbertrader - hear hear.
I can't ever see NCM bidding for GGP as a whole...the remaining 30% @ Hav...yes..definitely and just after the FS which if proven up should by then attract an SP of 66p (broker calcs).
The 40% premium (market high end premium) would make the stock worth 93p ish. The vast majority of all shareholders would sell for that, I am certain. Juri is a known unknown of course.
Scally would be GGP's to do with as they wish now that they were loaded!

Question for all: Can anyone think of a major who has kept a minnow on board after production?
Why would any major retain a minnow to 'feed' and put up with on the BoD?

Z

Hi Jaguar - see my 2122 last night.
It was written as a result of some posters suggesting a 40% uplift on the SP for an offer.
Best
Z

TMT - afternoon to you.
I'd like to engage wrt your post @ 1038 this morning, if I may:
You say NCM won't be buying GGP out anytime soon, mainly because they have already invested in them short term.
I think it's quite common for majors to JV or farm in with minnows during the early stages. I think they see minnows as a subsidiary to themselves, an additional department covering discoveries/exploration. These minnows do all the paperwork, admin, fieldwork early stage drilling etc...and they are paid insignificant amounts to cover their expenses (IE: $50m for GGP's efforst up to and including the FS).
IF sufficient progress is made by these minnows, then the major may invest a little more, getting them to do more 'due dilligence' and eventually..provided there is a discovery...bang! They buy them off.
IMO, the best suggestion to date has been Mr Bosco's 0928 post this morning:

"...hink like Newcrest . What would you want to happen...... Why change the CEO if anyone can run the bus ? It is so obvious that a merger/ takeover has started to appear with the changes that took place within Greatland a few months ago . As I stated before . Newcrest have their claws in deep . VERY DEEP ...."

Watch what happens as soon as the FS has been completed.......
Z

boa noite - mushroom.
Taking the buy out further, I don't think we'll have to wait for 2023 for a buy out.
When the FS is finalised and the remaining $50M of loaned money is spent, Sandeep and Shaun are going to meet up for dinner and some exquisite wines.
Sandeep is going to raise the issue of costs going fwd. NCM's bulk mine design is going to be north of $1.5Bn to build.
He is going to ask Shaun for 30% of that. Shaun takes a large swig of Château Margaux 2009 - Balthazar.
Shaun smiles nervously, looks into the distance and asks Sandeep for a further loan of approx $500M.
Sandeep smiles back, nods and offers him the full amount @ libor plus 8%.
but just before Shaun responds.........
Sandeep lights up a big fat cigar and says:
"OR",
I'll buy your remaining 30% for a 40% premium to the current SP.
[If as the brokers suggest, it is around 66p @ the time: 94p]
"$4Bn Shaun".
What do you say Shaun?

Z

Is it defined by time served,
Money invested?
Number of posts?
Authoritative posts?

Z

Hi Dave. I can assure you that I meant absolutely no harm in responding - genuinely. It was an attempt to bring a smile into proceedings (for a change)! Honestly - the problem with posts/emails etc is that they are unable to convey mood.
We really do need emoji's on this useless platform.
PS: Have I ever bragged about being a millionaire too ;)
Z

Ah, now the dust has settled after yesterday's news, what's next?

Mar/Apr 2021. Scally Assays (Pt 2)?
12/03/21. GDXJ quarterly rebalance. (Updated 19/3).
03/21. Rig at Parlay.
End of March ‘21. Juri joint venture drilling commences.
04/21. Rig at Paterson Range East.
29/04/21. NCM March quarterly results.

All of this over the next 6 weeks. We are blessed with an action packed agenda which will bring even more exciting news!

Time for a G & T methinks.

Z

Kempey - old news me hearty ;)
Z

jvetch - calm down, breathe deeply. I wasn't gunning for you, I was trying to inject a little humour into the commentary, that's all.
But I don't think him buying/not buying is such a big deal, myself.......

Maybe he will when the divorce settlement comes thru - eh?

Z

Red - I was referring to Laura Tylers comment about no major gold discoveries in the last 3 years. I was assuming she meant anywhere by anyone (not BHP).?
Z

Jvetch - who knows why he can't/won't invest.
Maybe he's got all his money in EUA!!!! Or OMI!
Maybe he's getting a divorce!
Nobody really cares why he isn't buying GGP, do they?
Z

The $50M will pay all the way up to and including the FS. At which time, NCM will enter into negotiations with GGP regarding where costs fall and how the JV is going before a decision is made going fwd with the bulk mine construction.

IMO - this 'could' be the point where GGP sell their holdings @ Hav and concentrate on elsewhere (assuming elsewhere is worth it!). IF 'elsewhere' is a dead end, then logic suggests they may still wish to retain a piece of the Hav pie.

Z

Les - your suggested average 8m/day for approx 3000m is 375 days. Which is why Sandeep stated about a year. Currently, everything NCM are tackling is progressing at a much faster rate than one would expect....So I'll moniter progress from his future news releases but hold it at Q1/22 for completion of the decline for the time being. He then plans to Stope/SLC at the top of the main ore body immediately which will provide him with the best grades first and also to generate an income to supplement the construction of the bulk mine.
Views? Comments?
Best
Z

Red - she forgot to mention GGP in the last 3 years!.

When do Solg speak @ PDAC?
Z

I can't help myself, Quades..sorry.

So - you think that Solg will persuade someone to lend them between $3 and $5 Bn to build the mine, then go and recruit dozens of experts and even more miners, not forgetting the machinery. Then build a processing plant and sterilising areas, oh and a plot for the tailings, build all the infrastructure to house the workers, build the highways into out of the site, connect to the main grid, provide security.
And the lenders just sit back and let Solg get on with it...even though they know that Solg have absolutely ZERO experience with this and have already fecked up their :
Relationship with their partner (CGP).
Relationship with two of their biggest shareholders (NCM/BHP).
Constitution of their BoD.
PFS date(s).
Design of the mine.

Really?

Someone 'lends' $5,000,000,000 to a minnow and doesn't take control?

Whoa........
Z

I can't help myself, Quades..sorry.

So - you think that Solg will persuade someone to lend them between $3 and $5 Bn to build the mine, then go and recruit dozens of experts and even more miners, not forgetting the machinery. Then build a processing plant and sterilising areas, oh and a plot for the tailings, build all the infrastructure to house the workers, build the highways into out of the site, connect to the main grid, provide security.
And the lenders just sit back and let Solg get on with it...even though they know that Solg have absolutely ZERO experience with this and have already fecked up their :
Relationship with their partner (CGP).
Relationship with two of their biggest shareholders (NCM/BHP).
Constitution of their BoD.
PFS date(s).
Design of the mine.

Really?

Someone 'lends' $5,000,000,000 to a minnow and doesn't take control?

Whoa........
Z

"H" - where have you been these last few months/years....this is all we talk about???
Do u really want us all to regurgitate again, where the SP is going, why, how, JV or bid, solo to production and so on?
Really?
Z

1 post in 6 months - where have you been (other than Kalgoorlie)?
Z

Lesotch - strange history you have got. Here in GGP since 2018, yet only 1 post?
Anyway, I digress. My list is FACT except where I attach a "?".
Sandeep has verbally confirmed the decline to the TOP OF THE ORE body (@420m ish) will take this length of time. But I can get back to him and inform him that you think otherwise, if this helps him with his calcs?
Please advise........
Z

11/03/21. March Interim report.

Delete

Z