Takeover28 Apr 2025 13:33
My my, what a lot of fuss and kerfuffle regarding Liam's commentary. If his proposal/theory had been written concisely in one small paragraph, it would have attracted an appropriate amount of attention. Why Liam chose to sit alone in his car and read (poorly) from a script - suggests an ego is at play here, perhaps. Each to their own I guess.
On the subject matter however - if I may - I would like to add my ten penneth worth to the conversation, thus.....
[IMO], Mark Barnaba (non exec @ GGP and Chair @ Fortescue Capital). Lizzie Gaines was CEO @ Fortescue Metals (2018-2022). Without a shadow of doubt these two key players have had a strong influence in directing the strategy of GGP over the last 12 months.
Shaun is front of house and founder but needs premier division peeps like these two (and wyloo money) to get this project over the line.
Twiggy is all over this in the background.
I am of the opinion that Greatland Resources has a strategy for Wyloo to take the reins at a time/stage to suit ALL of US.
This will be a friendly transition.
Over two a years ago, Shaun mentioned in conversation that he would stay atleast 4 years - that went completely unnoticed by almsot everyone.
I think the time for this transition to be successful is between 0 and 9 months after listing on the ASX and before majors start buying GGP stock in bulk. I think the SP will be relatively healthy at the time and the premium for a takeover will be around 50%. I think shareholders will be 'considered'.
None of the players will do anything to undermine their loyalty and henceforth their future prospects for the 'new' company. I built this into my maths the moment the new players appeared and Wyloo came to the financial rescue.
Too many coincidences.
We will all benefit in the short term but for those who wish to remain with GGP long term (years), circumstances may change.
If someone makes this the NUMBER ONE question asked of Shaun on May 6th, we could put this to bed for good.
Z
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