Member Info for zoros

Thar she blows James. GDXJ rebalance increasing GGP stake by 0.5% requiring an extra 16.7m shares thank you very much.
After hours.
https://www.ggpchat.co.uk/viewtopic.php?t=519
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I meant "@ libor+8%".
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Rosso - concur. SD has already stated that he will have surplus cash to 'expand ops', now the money is available.
And by paying back NCM now for the $26m already spent (from the $50). @ BBSY rates instead of Libor, he has saved the company $1+m. He also shaved off $6+m from the Pacific Trades debt arrangements. $7m saved in one month of wheeling and dealing.

The contract with NCM @ production states that NCM have first call on debt repayment from GGP profits, from the word - go. This means the figure NCM uses is non negotiable. It could be steep.
Now that GGP has the conditional debt sheets signed up, it means GGP will have more control over debt payback costs between production and 2032. This will spread the load more evenly.
[I wonder if SD was a CFO in an earlier life ;)].
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OTBR - What? You can say that for any year, with any permutation of your birth year and your age?????
Have you been on the sherry?
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trading4good - at the top of this page is an "RNS" menu. Click on it.
Click on the "Co-investment Options " RNS, dated 12th Sept.
There.
Not very difficult is it?
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Rebalance tomorrow. GGP position has changed by +0.05%. On $3.34Bn fund.
Do the maths.
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And so it came to pass that the SP and the Solg forum found themselves in the same place - inevitably.....................and in the gutter.
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G4U - sorry you feel the need to criticise. I have said that IMO the SP will rise from what it is today, to around 20-25p in 18 months time. Now I know you accept the resource is a great find, so we atleast have that in common; so why do you think my post about the SP is excessive?
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Colonel Drake:
"...You are comparing a 2 bad flat conversion project with a tower block development..."

You failed to mention that the 2 bed conversion is in SW 1 and the tower block is in Tower hamlets.
The 2 bed conversion is paid for and ready to move into. The tower block has still only got its foundations showing - after 9 years of "construction", and can't get a mortgage!
Grow up.

OthernCopper - are you for real? Why would Andrew Forrest spend money, time and effort in a charity in Ecuador, compared to a certainty in his own back yard????
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Most shareholders are now very comfortable with the fact that the risk(s) of not going mining in approx 18 months have shrunken considerably now that finance is sorted. Next on the agenda is the FS in Nov/Dec 2022. This will be a seismic moment for us all both in terms of updated size of the motherlode and the effect on the SP.
Yes we 'may' get a surprise news release between now and then but it will be nigh on impossible to beat what's just happened regarding securing the funding to stay in the game.

SO

The burning question for us ALL is the SP. What it will be and when. This is all that counts. I don't really care how much (more) gold is actually down there or how they get it out. what concerns me above all else is what will the SP be at certain junctures in the journey.
From this, I can plan my exit strategy, because after all and even though I have said this before - time is as important as money. There are those who will remain with GGP for many years to come - well into the Bulk Caving phase and serious gold extraction levels - serious returns on their investment.
Others like myself can't/won't wait that long.
I have always planned to eject @ production and so the following points are what I am thinking about to shape my decision(s). Good and Bad!

1. Exit point originally estimated @ first half of 2024 (first ore). Now revised to Q4/23 due to speed of decline.
2. 3 x broker notes suggesting circa 23p (+-) by Dec 22. 2 Broker notes: circa 18p*.
3. 4 x brokers suggesting approx 10-12MozAuEq. 1 x broker: 9MozAuEq.
4. Currently 4.3Bn shares rising to 5.6Bn shares fully deployed for the build. 30% dilution.
5. 26Mt/yr coming off the processing plant @ Telfer (Max capacity - then some).
6. Any other tenement hits expected before production.
7. Buy out factor by FMG / NCM.
8. Consolidation.
9. My entry point and time.

*Berenberg just dropped their 22p prediction to 18P simply because the shares were diluted.

And so, I am planning for an exit range of between:
20 and 25p. Normal Ops.
30 to 50p. Buy out.

CrystalBall: I can see GGP north of 50p when well established with the SLOS and or Bulk Caving. I can also see dividends ("I am a dividend man" says SD). Both these - well after the early years of the SLOS (maybe 2028+?).
IF GGP strike Gold elsewhere (in a 100% tenement) - £1+

I wish you all well with your investments - the only disrupter, is............yourself!
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Oh. no. Another one to add to the list of faithfulls in GGP (betterthedevil):
https://twitter.com/wmiddelkoop/status/1569277329180086279?t=JdLQmCTX8_HyJS8m6YjXbQ&s=19

Have a chat with him - he's very approachable.
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better the devil,
Oh dear!
Call up your currency converter and put $1157 USD in one box and tell me what the GBP box says?
WRT: blah blah. My apols. I thought one might not appreciate or require the finer nuances of mining overheads.
Here it is for aficionados of accounting: (IE: definition of blah, blah):
Dilution.
Discount factor.
Metal price fluctuation.
Marketability of the commodity.
Jusidiction.
Development stage.
Owner experience.
PoG.
PoCu.
Inflation.
Interest rates.
Tax credits.

Your turn
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PasB (aka: Biggles) - you're back.
Many here have short memories; one: because they may have forgotten who you are / how you posted and two: the maths has already been done (and since then we have improved just a smidgeon).
You're very tiring - mainly because you have dragged other 'pests' into the discussion and clogged up the board (again).
You're a master at warping the figures to meet your agenda - which is to sow doubt into the minds of those sitting on the fence.
Take a good look at the Growth Update statement October 2021 [https://greatlandgold.com/investors/results/] .Page 10 is a corker.
NCM are basing 313kozAu as the average output over 11 years. If we take the advertised AISC as $643 and PoG as $1800, that equates to £1000 profit (GBP).
Take away taxes. dilution. blah blah: £800. This earns GGP approx £84m/yr (on average).
The debt is: £130m @ 5.8% for 7 years: £23m/yr. Payable as and when up to 2025.

Notes:
1. All the above is based on 3.5gm/t. We all know the initial grades will be much much higher than this and we also know that the grades will remain above this as we near the end of the stoping due to recent assays.
2. We all know the aisc will plummet in the first few years. Some suggest as low as $150-$200, in the 10000g/m / 8000gm/m / 6500gm/m layers of orebody.
3. We all know that NCM might consider expanding Telfers processing capacity above its current 22Mt /yr output to cater for what they are finding at Hav.
4. We all know that bulk mining plans will be underway, long before 2032 to ramp up production.

So I am putting it out there that from day one (CY24), GGP will be making a profit now that they have complete control of the debt (thanks to when they pay it and how much they pay over the 7 year period) - compared to before the loan, where much if not all their profit would have had to be returned to NCM for the first 3 to 4 years of the SLOS..

Biggles, I leave you with this:
NCM
GGP
HSBC/ING/ANZ
Andrew Forrest
Pacific Trends Resources
Canaccord
Hannam
BerenBerg
Sprott
to name but a few, can't all be wrong about this and yet you think your maths .........are right.

Best
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PasB - good evening.
Have you studied the Sprott research note latest?
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Evening Tradingforgood - it'll cost £23m to keep a smile on the faces of the three new incumbents. They won't get a penny unless/until the shares increase by a further 45%. That is to say up from 8p to 12p.
Now here is the smart bit.........
The SP has to rise by....wait for it.....4p for GGP's NPV to rise £23m.
He is getting the three very illustrious operatives for.................. 'nothing'!

Hope that soothes your brow somewhat ;)
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Twiggy - has just made another killing by installing Wyloo @ GGP @ 8p.
If/when the deed is done (shareholder approval), Andrew Forrest (aka: Twiggy) will own just shy of 5% of Hav (not GGP - Havieron!).
His proposed purchase of 14.6% of GGP (approx 770m shares) means his purchase price of £70m will be paid back in total if and when the SP reaches 18 - 19p.
His initial outlay will increase £7.7m for every 1p the SP rises.
If GGP is allowed to continue with production (unmolested), he will reap the benefits for decades to come. He has probably stopped NCM dead in their tracks from making a hostile bid for GGP.
He may choose at any time to either buy out GGP and/or Hav in its entirety.
He is 4 times bigger than NCM.
2 of his closest and most senior operatives now work @ GGP.
Watch and Learn..................
https://www.amazon.co.uk/Twiggy-High-Stakes-Life-Andrew-Forrest-ebook/dp/B00FAL79IA

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Redirons - excellent post. I concur in full.
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Risehall1 - incorrect regarding Solg fund raising. They didn't formally go to market for a fund raise, they discussed it in house and it was torpedoed by 'other' shareholders before gaining traction.
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SD just stated (twice) when asked if the employment of two of the new directors was connected to the Wayloo option,
SD said: " It is not NOT connected"!
Make of that what you wish............
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Its under “bank debt facility” in the RNS.
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