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GGP Greatland Gold Plc

6.50
0.20 (3.17%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greatland Gold Plc LSE:GGP London Ordinary Share GB00B15XDH89 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 3.17% 6.50 17,440,160 16:35:25
Bid Price Offer Price High Price Low Price Open Price
6.30 6.50 6.60 6.35 6.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores -21.12M -0.0041 -15.61 325.78M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:03:21 O 250,000 6.50 GBX

Greatland Gold (GGP) Latest News

Greatland Gold (GGP) Discussions and Chat

Greatland Gold Forums and Chat

Date Time Title Posts
18/3/202414:07Callum knows - The 37p + Thread3,025
18/3/202410:16GREATLAND GOLD - CHARTS & NEWS31,608
15/3/202419:40HydroWrong's Greatest Hits32
15/3/202418:33Gervais Knew - The 6p Thread1,900
12/3/202421:19GGP ONCE THE NEWS BREAKS THIS WILL GO TO Ј192

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Greatland Gold (GGP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 18:36:326.50250,00016,250.00O
2024-03-18 18:03:226.5024,1921,572.72O
2024-03-18 18:02:406.5060,8373,955.01O
2024-03-18 17:36:406.50140,0009,100.00O
2024-03-18 16:56:416.50200,00013,000.00O

Greatland Gold (GGP) Top Chat Posts

Top Posts
Posted at 13/3/2024 15:13 by hydrogen1
Hi Extrader,

Of course it depends on the detail. Bad faith maybe some clause but I doubt that Newmont would have any issue with a flip, given they inherited this mess created in bad faith by NCM's BDU bar stewards.

And you can guarantee one thing - the ROLR benefit wasn't inserted into the JV contract to benefit GGP. So it's not out of the questions that the small print details maybe unexpectedly favourable to GGP - (as it blatantly was never designed to work this way around).

IMO the clause was categorically designed to stop GGP creating any sort of bidding war scenario involving NCM ... and presumably to stop GGP selling to anyone other than NCM (by essentially frightening off other potential bidders for GGPs 30% waisting valuable time on DD).

It appears, however, that pre-planned situation has become rather fortuitously unstuck - in GGPs favour...

I also get the categorical impression from emails today shared in the Telegram group that the Newmont-GGP negations to sell Telfer and Havieron as 'single entity' are well under way and have been for many months.

Getting shut of Telfer ASAP seems to be quite a priority. Recent negative publicity - ie Telfer Tailings Dam / Mill Shutdown all speaks to Newmont's PR team prepping investors and their BOD with the narrative they had to 'get shut'

Newmont put the combined NPV of Telfer + Hav at $470m - perhaps they may be about to get a lot less than this to secure a 'prompt' and 'beneficia'l quick sale so the details of the LROR don't get made public?
Posted at 13/3/2024 08:35 by mikedon1946
Some interesting points, if I was Newmont I would want to get offers that would ensure that both investment were sold regardless as to whether GGP right of last refusal was actioned.

To achieve this the options would be(I think something like)

Telfer on own (maybe with an option for the owners of Havieron to still process ore as per the JVA)

Havieron on own (so the value can be decided)

A combined price, which I would think would be more than the sum of the parts.

But as many people have pointed out why would anyone go through the expensive process of making offers if you think that GGP's BOD's are going to win Havieron on its own.

I would think that a separate owner of Telfer cannot guarantee the the owner of Havieron will send their ore to Telfer, they may at any time decide to build and process the ore at Havieron.

I have read a lot and I am convinced that Newmont have no option but to accept GGP's price, providing it is sensible, against the only other option is to hold on to the properties, which I cannot see them doing.

This is only my opinion and information could arrive tomorrow that will change my thoughts.
Posted at 12/3/2024 19:32 by havinthelasttoast
But I will say one thing that legal case with the ROFR is very interesting indeed and was given to benefit newmont and not GGP but leaves us in a very powerful position. They will be forced to break down how much they are paying for havieron and how much for tefler lol. It’s an impossible situation and one that newmont will not be used to being in.

It’s one of the reason I decided to go back in. I hope price weakens further as we are in a very powerful position but we will need a lot of patience. The only issue is our current market cap is 500m dollars already, so the short term upside is not huge, and this makes a takeover more unlikely as why would any major waste their time trying to buy knowing that GGP can buy it or share a deal with someone else to do it. It’s going to be very interesting.

Anything under 6p will be a very safe investment but do expect newmont now to go slow to apply pressure to GGP and the water problem to take longer than it should. Patience.
Posted at 11/3/2024 12:32 by celeriac1972
Daddy Warbucks dares to mention the unmentionable. The remaining costs in $ and time of bringing the Havieron plus Telfer combination into production could be substantial.

Capex to develop the mine itself has to be paid for (not just the still incomplete decline) as well as the construction of the haul road AND the capital costs of converting the Telfer processing plant to take Havieron ore. The Newcrest scheme booklet states that "The capital expenditure is based on the initial estimates contemplated in the 2021 pre-feasibility study and escalated for cost inflation, scope changes and new geotechnical information". It has Havieron production at starting in FY28 with total remaining capex of $783m (or $1,007m for a second scenario) primarily incurred between FY24 and FY27.

All of this capex must be added to the purchase price for the 70% plus Telfer.

GGP has theoretically secured funding of $180m for capex but this is "subject to normal lender requirements for transactions of this nature" which is assumed to mean DFS, DTM etc. It may not be so simple. The bank syndicate were evidently comfortable with a deal underpinned by Newcrest's deep resource pool of technical mining expertise, but will they still be supportive without that? This isn't about the board members its about having ready access to highly qualified & experienced mining engineers at all levels throughout the life of the project. Newcrest could call upon all the expertise they've gained from Cadia if block-caving is chosen for example. Does GGP have the depth of expertise required to satisfy lenders without NCM or NEM involvement?

In any case bank lending will only be secured alongside significant equity funding. GGP may be able to achieve this with a mega-placing combined with an ASX listing. Shares purchased in this placing if it happens could be a great investment, but there's little chance of it being achieved without significant dilution for current shareholders.
Posted at 10/3/2024 16:48 by skyship
Haven't seen any discussion about the likley price for GGP to buy out Newmont's 70% of the JV + Telfer.

Should be interesting negotiations as Telfer is a potentially large liability for Newmont; whereas it is an essential for GGP!

I suspect any deal will have to be preceded by or a contemporaneous share consolidation. Ossie listing rules not permtting "penny" stocks.

My opening guess would be £1bn. c£800m for GGP & £200m for Telfer.

Funded by:

# £500m in the IPO placing
# £200m in a further placing to Wyloo
# £300 in bank debt

Placing to be at a price no less than the last time - ie 8p...or equivalent.

Any others care to share their views?
Posted at 09/3/2024 17:37 by lurker5
Just read latest Liam and Baxter. As overwhelmingly usual on these boards, not the slightest hint, suggestion, tentative nervous query, shadow of understanding, that the only thing that matters to GGP shareholders, and is the great hulking jumbo elephant in the room, is what the cost will be to the GGP share price if these momentous hopes come about ? Not the sightest understanding. Without which all these board witterings and sonorous or excitable opinions from a battery of mostly amateur and sometimes horny handed miners who understand deposits but not the financial variety, including from one Callum Baxter, are totally and utterly useless.
Posted at 07/3/2024 11:03 by lurker5
'Accretive' might well mean a current GGP share will keep its 'current' share of Havieron.
BUT 1) Havieron will have a different value after a deal, depending on how it is financed from now on - not to mention the PFS will be radically different and more expensive than current. Incoming financiers will want their cut and almost certainly will want a bigger share of Havieron (and/or its income one way or another)than 70%. and 2)GGP is more than its 'share' of Havieron. It has liabilities, and if major banks are needed, they will want a BFS costing more for GGP and taking longer. 'Buying' Havieron will be shouldered by GGP shareholders in addtion, which will diminish 'current' shareholders' assets even more. So to 'imply' (which is what SD is doing) that current shareholders won't be diluted is weasel words - giant ones.
So we have the usual spike after clappies have been pleasured by nice Mr Leggatt's show, to be followed by the usual deflation when reality (once more) sinks in to the few intelligent, but more influential, brains around.
Posted at 15/2/2024 11:44 by havinthelasttoast
There is stupid and then there is negan stupid.

Never argue with the stupid. They will drag you down to their level and beat you with experience. On that note negan I’ll let the GGP price do the talking.

Stupid ramping c_unt
Posted at 12/2/2024 14:14 by negan
arthur75. You know well and truly GGP share price is well undervalued.
Posted at 08/2/2024 11:28 by ntl2
Looking at the recent large fluctuations in the share price, the market doesn’t appear to be that bothered. If it was concerned the share price would be languishing in the low 7s.
Greatland Gold share price data is direct from the London Stock Exchange

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