Member Info for zoros

Tig.

We hear you.

Time and time and time again!

Please for the sake of your own sanity - give it a rest. Or atleast keep it to yourself.

You keep repeating the same mantra over and over and over again.

Z

I am mentally preparing for NEM to sell Hav. Obviously GGP will be front and centre wrt purchasing it (and possibly Telfer). What I am struggling with is how GGP plan to get their mits on......shall we say 3Bn? 2Bn? 1.5Bn?

Is SD building a reserve ($220m (banks), $50m (Wyloo)) to provide "equity" for a loan?

Is he deferring the ASX listing because there could be a sale?

All the workers contracts end in June 2024. Why is that?

The FS is being pushed back?

NEM aren't pushing out an MRE(2)?

Wyloo could be the future owners of Hav with GGP as a minority JV partner.

SD has consistently stated that given the right price, he would recommend the sale of GGP's ownership @ Hav.

How much would YOU sell for: 30p. 50p?

Time to think outside the box, methinks.

Z

"...Production of a prospectus. At least 75% of the entity's business must be supported by a revenue earning track record for the three year period. Control over the majority of the entity's assets for the three year period. Sufficient working capital for at least 12 months from the date of the prospectus...."

Z

Sisu - you think the aussie government are going to make the biggest gold miner in the WORLD - do as they are told over a rusting hulk in the middle of the desert?

SD has already mentioned in the past, that another processing plant 'could' be commissioned neaerer Hav if needs be.

The ONLY purchaser of a future Telfer - will be someone who already owns a prospective gold mine nearby - now who might that be?

But there are only two chances of the aussie government forcing the hand of the owner of the telfer PP: One is no chance.................the other..............

Rollcage - to list on the main, you have to have an income,

Z

Gadbury, did you attend last night? Can I ask where you get your info from?

Decline @ 1906?

Try this: https://www.ggpchat.co.uk/viewtopic.php?t=479

Reaching ore body by June 2024?

Try this: https://www.ggpchat.co.uk/viewtopic.php?t=479

SD shares:

Several (including you) have questioned this. As he said last night he has bought some, and left it at that (possibly because he prefers to keep some things personal).

But let's quantify this "issue" so that others know exactly where he stands in this regard

In calendar order:

05/05/21 5,000,000 options to buy @ 25p expiring 04/05/26.

https://www.investegate.co.uk/greatland-gold-plc/rns/grant-of-options-to-chief-executive-officer/202105050721175926X/

24/11/21 375,000 shares purchased.

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

I suspect he is very 'comfortable' with his ownership and incentives regarding shares.

Moving on:

Everything is slipping right (as expected) due to the NCM/NEM changeover. But THE most important fact is that progress has not slackened at the mine, money and people are pouring in as we speak (predominently by NCM). This, for me, speaks volumes.

NEM will mine or sell and that decision will be made in Q1/24. Until then uncertainty will fall upon our share price - keeping it low. There will be respite when MRE(3) comes out.

The individual with the most shares (Callum Baxter) and the company with the most shares (Wyloo), see this as the best thing that has come out of WA in decades (possibly generations).

The question you have to ask yourself is: Do you believe them?

Z

Zzzzzzzzzzzzzzzzzzzzz

Z

Just for you Rickards......

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

Z

Evening Petejh."KISS" is the acronymn I use (for myself obviously).

Forget specific time frames (FY / H1, etc).

Instead use this:

When they hit the motherlode and start removing the ore, they will stockpile it before shipping it to the processing plant @ Telfer. They require approximately 6 months worth. This then permits a continuous supply for the train @ Telfer to operate 24/7.

Taking Bamps earlier suggested arrival date (Jan 2024). we'd be looking at mid 2024 for processing and FCF.

KISS.

Z

Hi Ace - let me guess:

The use of their homemade RC or diamond tip drill bits!!!

Z

Afternoon Speedy -

Methinks, China will want to keep their dirty washing to themselves, which suggests an internal bail out in some shape or form. [To prevent contagion].

Interesting however that Evergrande have filed behind US jurisdiction??

Best

Z

Partly off topic - china's building woes - global contamination?

https://allthatsinteresting.com/chinese-ghost-cities#20

https://www.reuters.com/world/china/china-evergrande-files-protection-us-court-part-32-bln-debt-overhaul-2023-08-18/

tick.....tick.....tick

Z

Thanks TT for your ongoing research, in particular that find from a city banker on jettisoning Telfer/Hav.

This is from a march '23 post of mine:

"...If/when NEM takes control then (in particular @ Hav/Telfer), I am hoping it will be business as usual regarding the DTM and timeline? Maybe NEM might want a pause prior to publication so that they can put their moniker on the document (crossing the t's and dotting the i's). I'm building this delay into my plans. DTM - SP catalyst.

IMO I am also adding more weight to NEM offering Hav for sale. Ergo - Telfer would need to be included in that sale price because without Hav, Telfer is just a relic (in particular if GGP make noises about building their own processing plant @ Hav). I expect Telfer to go for a song consequently. Maybe £1.5bn for Hav and Telfer becomes the BOGOF!!

Funding this is all about timing for me. Do it before the listing on the ASX and/or before consolidation -and it could be messy.

I would like to see: (a) consolidation, (b) listing, (c) debt funding, in that order. SP catalyst.

That way (as Jerry explained a while back) "dilution of our SP" would be catered for (and more) by asset accretion.

I really see SD wanting the whole of the Apple Pie.........

Oh by the way, Callum still retains his 113,000,000 shares. Now why on earth would the man who discovered Hav, built the model, seen the results (and future), want to leave those piddling few shares in GGP? Hmmmmm?

It's going to go quiet until NCM/NEM sort themselves out. Looking at April/May I guess.

The last 6 months of this year are going to go APE!..."

I also noticed that all job adverts for the mine have an endex of June 2024. Why?

SD has had the heads up (many moons ago) that Hav/Telfer might be up for sale. Is this why the ASX is so important to him, in that he needs as much money as possible (in addition to the already allocated $200+m offered by the banks) to buy into Hav/Telfer?

Wyloo is onboard now.

Major re-rate of the BoD.

May '19: $4m in the bank, 4 on the BoD and 11 staff.

May '23: $300 available, 7 on Exec team, 6 on BoD's. 4 others.

IMO - he's going flat out to buy the lot!

GGP is going to become a major miner.

Z

Has been on the GGP website for a wee while for those who prefer to read about it rather than wait for the vid:

https://greatlandgold.com/investors/results/

Z

Where SD earns his money. Bit of a conundrum methinks:

[IMO]: NCM are selling up which means they will do the bare minimum but won't push the boat out. They certainly won't make a fuss about Havieron (along with their other mines) because they don't want their shareholders thinking they have sold the golden goose.

Meanwhile - SD wants to impress the ASX as best he can, to attract attention. It would seem a 'glowing' MRE(3) would be the way forward, but this might draw the attention of NEM affecting their future plans for Havieron (raising the sale price of the mine if this is their way fwd).

Damned if you do and damned if you don't.

Personally I 'think' an MRE(2) is coming from NCM but I won't be surprised if it doesn't.

However = SD does need to impress the ASX, so something will need to be in the wind and soon......

Friday (aussie time) is a turning point for us all, methinks.

Enjoy the ride.

Z

Https://www.ggpchat.co.uk/viewtopic.php?p=3163#p3163

I've adjusted it to accomodate FCF interpretation.

Z

Have to intercede here Bamps.

I can only build the roadmap based on what GGP pushes out or what SD has actually said in many of his podcasts.

I have refrained from making my own assumptions or guesses even though I know some of the inputs are out of date and need updating. But I am not going to add my thoughts to the roadmap otherwise it becomes a guesslist.

Frustrating - yes. Misleading - no.

I change it as and when SD says something or GGP pushes out official news only.

[But I sympathise with what you are saying].

When this rips..........it's going to be difficult to (a) post on here and (b) keep up with unfolding events. Can't wait!!

Best

Z

Quades - just to let you know, the GGP decline (2800m) cost $360m.

Z

Correction to my last sentence:

GGP MRE(1): 2.9MozAu.

GGP MRE(2): 5.5MozAu.(Mar 2022).

GGP MRE(3): Imminent but I project it to be between 8 and 10MozAu.

Apologies.

Z

Thanks Ace.

The latest amendments leave me with mixed emotions:

1. GGP 6 weekly cancelled forthwith - in future they will fall into line with NCM updates.

2. FS - pushed back to Q1/24....to be expected I guess due to the NEM takeover but disappointing nonetheless.

In the overall scheme of things, we don't need a FS or a DTM to be honest.

The mine is under construction - it's going to be a SLOS for 10 to 15 years and during that timeframe - a Bulk Underground Mine will be programmed in. There will be >15MozAu. The end!

I genuinely believe we will see an update in August, regarding the resource. NCM 'should' push one out (annual report) but GGP will cover this if nothing happens.

A reminder (from my previous assumptions). MRE 1 showed 2.9MOzAu. I continue to believe the MRE 2 will show approx 4 to 4.5MozAu.

Best

Z