Member Info for zoros

I can’t make these unique occasions as I spend a lot of time over here in Malaga with the family business.

So I rely heavily on genuine LTH’s giving feedback .

In advance therefore - thank you very much for giving up your time to attend and for bringing the rest of us up to speed.

From my perspective, I am not expecting ‘breaking news’- wrong place and wrong time. I’m expecting what has already been said on the latest ‘ Sunday roast’, in reality.

But if any (attending) kind soul would consider asking some/any of the following questions- I’d be most grateful to hear SD’’s response:

1. How long does SD consider it will take for NEM to formally advertise Hav/Tel “For Sale”?

2. Could NEM delay/ postpone the FS as a consequence of this imminent sale?

3. Will this have a knock on effect regarding the D2M?

4. Can GGP afford both the purchase price of Hav/Tel AND the projected production costs for the SLOS?

And finally……

Is the sale of GGP@ Hav ( at the right price) still on the table?

Many thanks.

Z

Callum’s sitting on 110,000,000 shares. He’s obviously spoken to SD or his team off the radar to check if he’s safe .

As a reminder we have 3 choices:

1. Sell.

2. JV with another major.

3. Buy the lot.

Which of those has Callum got his sights on?

Z

Hi Barna,

Afraid not, but. Read both links and…….

Run the numbers.

Z

I think the links SuePud has flagged - covers most if not all bases. One of these will mature.

If (as the link suggests), Telfer and NEM's 70% of Hav is indeed worth $600m......isn't it convenient that the Bank(s) have already offered $220m collateral to GGP??? SD saw this coming last year.

No wonder he has a permanent smile on his face ;)

Z

Assuming GGP owned the lot @ Hav: {Based on latest MRE(3)).

3g/t @ 3Mt/yr through the SLOS. (31 grammes to the ounce). Gold @ £1000/oz after overheads. (recovery rates/aisc's).

£300m/yr.

The big unknown is how much GGP will have to payback every year to its debtors...............but the maths look good.

Z

Watch Wyloo (Fortescue).........

Z

Option 1: JV with Newmont @ Hav - gone.

[Newmont definition of Tier 1:

Asset defined as +500k GEOs/year consolidated, average AISC/oz in the lower half of the industry cost curve and a mine life >10 years in countries that are classified in the A and B rating ranges for each of Moody’s, S&P and Fitch.]

All staff contracts end in June 2024.....this decision has been on the cards for months IMO.

Option 2: GGP accept first refusal BUT only with the backing of Wyloo. JV with Wyloo (Fortescue).

Option 3: A major buys GGP (30%) out.

GGP can't afford to go it alone (too expensive) / BoD is Fortescue stock for a reason.

My money is on Option 2 [JV with Wyloo]. Roll on 5/3/24.

Stay calm and carry on mining..........

Z

Sellme your pencil - 13,000,000 shares are his for the taking. >1,000,000 bought personally.

Then he has 5,000,000 available as options.

and you moan about him not buying even more.

Why on god's earth would he spend another dollar on buying even more shares?

How many shares would you want him to buy - for YOU to be happy that he is "invested"?

Get a grip pencil.

Z

Afternoon Tiger - 'normally' I populate my roadmap with data from GGP / SD.

However, Bamps seems quite certain that the decline reaches the motherlode in Q3/24.

So I have made an exception and modified the old Q2 with the new Q3.

If we reach home by June 2024 - blame Bamps! :)

Z

Oh dear, LSE don't like the bit in the middle, should be:

w ww.research-tree.com

Z

under the 375k bought, the lionk should be:

h ttps://*********************/newsfeed/article/greatland-gold-plc-results-of-placing-1465928

z

sellmethis pen / poopylepew;

sd has bought over a million shares and given 12,000,000 shares by the company as an incetive if he completse his kpi's.

i also hasten to add he has options.

24/11/21 375,000 shares purchased.

https://*********************/newsfeed/article/greatland-gold-plc-results-of-placing-1465928

08/02/22 incentive award: 12,000,000 performance share rights. commencing 08/02/22, vesting for 3 years and then a 1 year retention period (total 4 years to 08/02/26) expiring after 10 years. kpi’s advertised in the annual report in 02/11/22.

https://www.sharesmagazine.co.uk/news/market/lse20220208122529_4265880/grant-of-performance-rights

24/08/22 714,000 shares purchased.

https://www.lse.co.uk/rns/ggp/results-of-placing-rdiug654fukbqcs.html

surely that must cater for anyone's curiosity regarding his personal investment in ggp.

z

Newcrest continues to mine Ha. Newmont own newcrest.

Z

Afternoon Dip - hope you are well.

I tend to agree with your take on when NEM offer disclosure about the way ahead @ Hav/Telfer.

NCM (newcrest) continues to dig there (Hav) as planned (atleast until June 2024 - when all advertised contracts appear to stop??).

I would have expected a halt in activities if NEM had any intentions to divest itself from Hav in any way/shape or form.

The fact that they are still mining suggests they want to continue atleast 'as is'.

Having said that - there may have been a clause in the original JV stipulating a joint effort until June 2024 when a review might take place. We may never know.

Q2 is going to be busy, methinks.

Best

Z

Wyloo buys out GGP 30% share.

Z

Could be Lithium in their West Pilbara tenement, Timber.

Z

Https://www.ggpchat.co.uk/viewtopic.php?t=564

Z

MH01 - did you hear what he said @ 5.55mins?

"...When you look at the top 100 discoveries worldwide (by juniors), they will always be taken out before production......."

Mmm?

Z

Tigger - always the gentleman.

I stay cautiously optimistic - that allows me to savour any 'extra topping' should it come along unexpectedly.

Live long and strong Tig.

Z

Tigger says:

"...POG $2000 above ground , ore in the ground $600 , 5 Billion shares , MRE 8.4M ozs..."

Zoros says:

PoG: $2000 minus aisc of approx $800 (at todays rates): £1600. Minus 10% tolling costs: £1450/oz.

Current Gold from MRE: 4.4Moz . Conversion rate 86%: 3.8Moz.

3.8 x 1450: £5.5Bn.

£5.5Bn x 30%: £1.65Bn.

Shares on issue at time of sale: 6Bn.

Price per share: 27p

I use duracell Tig :)

Z