Greatland Gold Share Discussion Threads

[havinthelasttoast] 28/4/2024 00:37

Now we close to the bottom here. Capitulation of the faithful has happened and now we are at a more fair price. It is still not a bargain but one where I an almost certain to double my money over the next 5 years.

The mugs who listened to you have no chance of getting their money back. Next time at the town hall at the end I am going to knock the smug smile off your face. I was there whilst you were in Italy but next time I’ll be there and I’ll teach you some manners x

[havinthelasttoast] 28/4/2024 00:35

You create the exit liquidity as you ramp the stock to all the faithful so you keep the price up whilst the smarter sell duh. Your ramping is responsible for a lot of continued buying and if you had any humility you would admit how wrong you have been and how many suckers you have cost money as well as yourself.

Total idiot you are. No wonder you stay anonymous. The shame of being the biggest mug punter alive.

[hydrogen1] 27/4/2024 22:51

Tom Palmer:If you look back at Newmont's track record over time we divested .....into Northern Star and Northern Star today is a great gold mining company in the Australian context, has assets that were in the Newmont portfolio that are getting the time and attention within within Northern Stars portfolio with KCGM, the superpit, being their their core asset... why when it's the single asset there are many many good stories of Newmont assets finding a home in a portfolio where they can get the time and attention and deliver value for shareholders and and deliver economic livelihood for workforce's and the surrounding communities..."

[hydrogen1] 27/4/2024 22:47

How is it exit liquidity if I'm still here..? Duh?If you look back at Newmont's track record over time we divested .....into Northern Star and Northern Star today is a great gold mining company in the Australian context, has assets that were in the Newmont portfolio that are getting the time and attention within within Northern Stars portfolio with KCGM, the superpit, being their their core asset... why when it's the single asset there are many many good stories of Newmont assets finding a home in a portfolio where they can get the time and attention and deliver value for shareholders and and deliver economic livelihood for workforce's and the surrounding communities..."https://www.youtube.com/watch?v=rTh-ZsKpna4

[havinthelasttoast] 27/4/2024 21:37

And yes that was in relation to solgold, GGP and Hercules silver.

Just shows how foolish the rampers were by believing the ramps and being exit liquidity for their trading.

Middlelooper trades the stocks, he openly says it. He isn’t a bag holder like you muppets. Remember that for the next time it will serve you well.

Poor hydrowrong the bag holder that watches 780k dwindle to circa 125k

No wonder he is so angry

[havinthelasttoast] 27/4/2024 21:12

Willem moddlekopper thinks these stocks will make at least 100 percent in the next 5 years. (Latest video)

Far cry from where the rampers want it.

[bagpuss67] 27/4/2024 20:57

Seed.. Nope just underwater 600k of these..

[hydrogen1] 27/4/2024 19:05

Dig a big hole they fill with water. Dig a bigger hole they fill with even more water.

[hydrogen1] 27/4/2024 19:02

Not concerned at all about the water. Mines have been dealing with water issues for 1000s of years. It's what they do.Please share the studies you refer to.

[hydrogen1] 27/4/2024 18:57

Further Newmont will be in breach of the JV conditions if they don't keep up to their side of the development until the point of sale.They can't just put this on ice either; they are under an obligation under the JV to continue development or terminate the agreement and offer GGP the right to buy Havieron at fair market price.My understanding (but I only heard this) is there are also 2% penalty clauses. So if either party doesn't meet their obligations under the JV they forfeit 2% to the other party - this was what Newcrest were trying to use against GGP , after the 5% battle - they planned that GGP wouldn't meet their September 2022 cash call. Enter Wyloo.

[seedoftongo] 27/4/2024 18:53

Bagpuss , did you used to hold it still hold BOOM shares ?

[hydrogen1] 27/4/2024 18:45

Hi Bagpuss - yes that's correct. Albeit Newmont won't of course want that to happen. Which is why Greatland is in a strong position here.

[negan] 27/4/2024 16:01

Operations are temporarily suspended at Telfer as further work is completed to remediate the safe operation of the storage facilities.

This is good for Telfers new owner as they are putting the mine and infrastructure safe before a takeover. Also, the more delays with tools downed the longer the life mine when we go mining

[negan] 27/4/2024 15:42

I see a lot of filtered posts on the 37p + thread. They are getting desperate aren't they!

[negan] 27/4/2024 15:27

Did a quick search on costs of building an airstrip. Not that much. I'm sure can be done for less than $20 million

[negan] 27/4/2024 15:16

As hydrogen1 has posted previously. Greatland Gold have offices in the same building as Newmont. Well that's a bonus. Also, Shaun has worked with Newmont in the successfully in the past so there is an amazing amount of respect.

The clock is ticking as Tom Palmer needs divest Telfer ASAP if works have been paused at Telfer as the overheads are astronomical.

[negan] 27/4/2024 15:09

Absolutely knil. Funding does not seem to be an issue. Especially as Shaun is a finance specialist and has an outstanding successful track record. I have no concerns whatsoever about that.

[negan] 27/4/2024 15:02

To be honest, it makes no difference to myself how long it will take until we start mining and I believe many other long term holders feel the same. As long as we get the best outcome as possible. The trouble with AIM is a lot of investors want to get rich quick and do not understand how far we have already come.

If works have stalled at Telfer then they still have about 12 - 18 months left of profitable mineable ore at current gold prices which are still extremely bullish for the foreseeable. Also, as I mentioned there is mineable ore beneath the airstrip etc. The question is, is the ore beneath the airstrip profitable eneoùgh to build a new airstrip at a different location?

My reasons for questioning this is if we do take on Telfer we will want to squeeze out every last gram of profitable ore.

[knil] 27/4/2024 14:52

As regards funding, read the GGP RNS of 12th September 2022 there it states that Greatland has been backed by 3 of Australia's largest banks, ANZ Australia and New Zealand Banking Group, HSBC Bank and "ING" Bank Australia for $A220 million about £115 million for the development of Havieron which is still available, but with gold and copper on the march I am sure this could be revised upwards if needed, plus Newmonts 70% has now come into play which would be good for them as well at the right price.

[negan] 27/4/2024 14:48

Here's another one you. I read that there is also high grade minable ore beneath the airstrip accommodation and facilities at Telfer

[negan] 27/4/2024 14:42

Mike, agree about Telfers airstrip, accommodation etc being beneficial. I have no idea how much it would cost for Havieron to have its own airstrip. Accommodation would not be such a large outlay. Could Greatland Gold have access to the Telfer airstrip without taking on Telfer if we were to build our own plant.

Obviously this is just weekend musings but good to try and cover all options.

I'm just thinking what is most cost effective. What's cheaper. Trucking ore to Telfer or transporting the workforce back and forth from the airstrip?

[knil] 27/4/2024 14:27

Telfer, if it keeps processing ore, will be very dependant on trucked Havieron ore as there is nothing else found yet in the vicinity and when a deposit is discovered it takes years to produce first ore.
Newcrest spent more than a couple of hundred million in the past 2-3 years to extend Telfers mine life and its low grades waiting for the havieron ore.
Newmont/Telfer is facing decommissioning costs of $250-$300 million and with GGP's last right of refusal for their 70% stake of Havieron they have to make sure their Telfer mine goes with their Havieron stake.
I think they will do a deal (no third party) with Greatland as it is too risky otherwise for them to be dumped with Telfer
Greatland is also in the enviable position where, if they do not want the whole 70% they can get the likes of Wyloo to put up the money to take the 70% in a subsidiary company and sort out their percentages later. Possibly 50/50 JV with Wyloo.
This would only cost GGP 20% of Newmonts 70% which would be very much within their scope.
I also think they have the scope to get it all but Wyloo have been their insurance policy against Newcrest/Newmont and would be willing to share.
Newmont will I think, be happy for GGP or Wyloo, or both to take Telfer off their hands for little or nothing.

[havinthelasttoast] 27/4/2024 13:57

Share price action despite rising price of gold suggests a placing is imminent.

Arthur’s 4p?

Be a good buying opportunity at that price. Only worry is if the water issue never gets sorted.

[bagpuss67] 27/4/2024 13:17

Thanks all. Has anybody got any idea how this all could pan out for GGP equity wise if they executed a transaction like Mike described? I assume they need to raise equity alongside borrowing facilities and Newmont vendor loans? Is that the drag on the SP?

[mikedon1946] 27/4/2024 13:02

Negan: I agree with your thinking, but I go one step on, there is no need as it stands to move the plant. We could do with the plant, Airstrip, Power plant and accommodation etc but do we need an end of life mine with its liabilities.

Newmont need to get rid of all.
So as I see it, correct me if I am wrong

Assets are
70% Havieron of a maybe gold mine
The bits we want from Telfer

Liabilities
Telfer excluding the bits we want.
A greater liability if Newmont have to dismantle and reinstate the full telfer site meaning the site is a liability that Greatland can mitigate for them.

What do Newmont need?
To have an agreement that will remove all liability

And into this we have the WA government they want to ensure than Newmont reinstate or provide the funds for the reinstatement on the mine.
They may not be happy to see another mining infrastructure so close to Telfer.

So while we think that the negotiations are 2 way, there could be three parties and all want different things.

I think there is the possibility of a $1 price tag, and a royalty to fund the reinstatement, with a bond from Newmont that gets released when the Royalties are sufficient to cover the reinstatement.

This sort of agreement should satisfy the WA government, they get the site reinstated with guarantees, via the bond. GGP get hopefully a working mine at Havieron, and the ability if it is Profitable for us to produce gold at Telfer. Newmont get rid of the liability.