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Are we coming to a crescendo here with all the little sounds bubbling away and gathering momentum in the background these days?
- a mostly silent period from Shaun unusually, aside from todays news, and a multi- meaning (potentially) message on X at what seemed like one of our darker quiet periods SP wise at least
- multiple podcast mentions all theorising over our potential, our positioning and our prowess as a junior on the build
- numerous globally reaching articles in generally heavyweight press all pointing towards the acquisition we are all hoping for
-even more than usual loonies & mosquitos nipping away at already bloody ankles after 3 years of being in the shadows here on paper
- a new finance head brought on board in a very 'timely' period of possible firecracker explosive growth
hhhmmmm...I do hope so! I like that kind of noise!
And don't forget all the loadsa money being spent still on the ailing Telfer in preparation for.....?
Plus our own lower aquifer being dealt with, in preparation for.........
Sale, by Newmont, apparently so far.
Would you join a junior explorer as CFO if you didn’t feel confident in the companies near term future? Let that sink in.
Agree James. I wrote similar earlier. Why leave FMG and the obvious/almost guaranteed career path to join GGP. At FMG the guy would make so much money in salary, pension, share options, etc. FMG is a money printer. So why leave that for GGP. Whatever Dean was told during the interview process must have been pretty good, clearly, since he quit FMG to join GGP.
Also begs the question, was he hand picked by Twiggy/Wyloo? Too much of a coincidence that we get someone else with FMG links.
Thats wat i said but got lambasted lol
Freddy - "As long as it was a ggp decision and not a forced decision"
Loyalty runs deep - no doubt Twiggy deserves that loyalty
Joubert - "Move the pieces into place...SD still playing a blinder"
Is Mr Day playing a blinder - or is it Twiggy?
Panama - "Another quslity building block to the stellar circle of steel already in place.
Are we readying to build a skyscraper Shaun ?" (sic).
Twiggy is the one to ask, not Mr Day.
Zoros - "A quality CFO - I understand that. He meets the calibre of the existing team - but why another Fortescue ex-employee? What is Wyloo up to?... we have a company called Greatland Gold which is looking more and more like a Fortescue clone. Penny for your thoughts, Shaun?"
Or rather a penny for Twiggy's thoughts.
Everyonesawinner - "TWIGGY - Right Sean lets get these two mammouths under our belt, employ Dean and he will act for both of us no need to put him on the board as I want him back at Fortescue once the deal is done. - READING BETWEEN THE LINES"
Good post.
Jamesp21 - "I'm a little bit disappointed with Dean already. He should have taken the advice of Nicetopprizesof before accepting the offer of CFO. The guy is clearly not very clued up. Ninetopprizesof would have ensured Dean steered well clear of this disaster of a company..."
I'm humbled by your admiration, thank you. It sort of reinforces the old saying that if one talks nonsense then one will be forgotten - if one talks sense then they will forever be in the back of everyone's mind. Although I should point out that I have never ever said or even alluded to GGP being a disaster of a company. Glad that we've cleared that up.
Seems to me that one way or another Twiggy is taking everything!
Cost of doing so is less than peanuts to him - considering he's just donated 5 billion Aus Dollars worth of shares to Minderoo.
Great post(s) Panama - you are on the money. Not long now.
Yes I agree with Ace great post Panama and I think James and MH are on point with the reasons Dean has joined little ol’ GGP as our new CFO. I do think Twiggy may have had something to do with this appointment and imho I think it may (just may) be something to do with Shaun’s pedigree. In my personal experience a CFO that becomes CEO/MD find it hard to let go of their previous expertise (once an Accountant, always an Accountant!!) Perhaps Shaun spoke with Twiggy (or vice versa) to say he was getting drawn too much into the CFO requirements to the detriment of his CEO/MD role. By bringing in someone of Dean’s calibre, this not only frees up Shaun even more, but places a safe pair of hands around negotiations with the Banks. As has been pointed out by James and MH, Dean would not just sacrifice his career security to “help out” - he must have been enticed with “wiifm” as well as the challenge. This ALL bodes well for GGP’s future imho!!! VGLA.
Redirons, in all sincerity that was an excellent post - on the money!
Personally I doubt whether Shaun gets much or any time with Twiggy or any direct or regular comms really, he'd be dealing with Luca and other staff under him at Wyloo predominantly IMO and I think Zoros made a relevant point this morning about taking on another ex FMG guy being interesting etc.
Whether Newcrest, Newmont or Wyloo - there are always multiple pro's and cons and scenarios with any JV partner or major cornerstone investor where some MIGHT lead to the other party at some stage in future buying out or controlling the shared asset with more sway.
All part of the usual considerations when a project such as Havieron requires a lot of money and expertise so I'm bemused why anyone holding GGP shares might now be overly concerned about it. These aren't new developments by now.
These scenarios were there from the outset with the original JV partner NCM coming in - so if an issue and someone's conclusion is more likely negative connotations from Wyloo being a cornerstone investor.... then there has been plenty of time to exit and take a lesser loss than you expect too if you have negative expectations.
I don't get it personally, you don't hold shares unless you think you're more likely to see a profit in your desired timeline surely and no excuse considering how long Wyloo have been in the picture and the divestment and sales process ongoing now.
Thanks for a great thread, lots to think on, luckily while green blocks no body responded.
The question as to why Dean chose to move will become clear, and I agree that they are reading the writing on the wall.
Greatland is a great place in which to land.
I was disappointed like others at todays RNS, but having read it I am happy that 'tomorrows' will be great, but tomorrow as in Spain is mañana, which may not be the English idea but soooon.
What did I tell ya dip and when did I tell ya; a long time ago.
LOL Ace - I did say Wyloo might as with any powerful ally might 'close the steel circle' to borrow Panama's inventive description - but as long as it's a good price I would be happy if so... and you've definitely helped me understand the Oz mining sector and royalty like Twiggy better :-)
I posted the text below*** in early October 2022 as to how I saw the funding deal and NCM at the time... hopefully we can pick up after closing in on sole ownership on the growth part, interesting to see how things have worked out compared to how it seemed they would back then, shows how crazy investing can be!
***GGP was a beleaguered small nation set on all borders by powerful forces after its abundant resources including its current large ally who while not predatory now began to see an opportunity to perhaps 'integrate' GGP into it's vast empire due to the famine (i.e. mining and market sector downturn). Our war chest and ammunition was running low keeping our enemies at bay, despite the abundant resources we still hold.
With Newcrest now becoming a potential threat we needed new allies to aid our fight and these allies are easily a match for NCM but will require tribute. NCM will now revert to a peaceful ally on their border knowing we have protection and perhaps they stay this way in future, we have a long journey ahead with a multi decade mine.
Shaun will need to be a leader who now marshals our new forces to not only protect GGP but get on the offensive and attack to grow his own empire beyond the boundaries of GGP's current borders as we come out of the famine into better times hopefully as the sector rerates.
The growth will be akin to a growing army as we move forward - it will need to be logistically managed with precision as the increasing soldiers, horses and costs of maintaining and building an empire create more mouths to feed as we continue the campaign... we'll need those same allies to keep providing ammunition and money.
Should he fail strategically by failing to nurture GGP and ever making it another likely target again alongside providing adequate tribute then these allies will simply take over as NCM had desired.
IMO, I think we have the right man in Shaun to build a new empire - but as always DYOR :-)
I think Dip your statement still holds true.
The next 6 months will be exciting or otherwise.
£1.44, £13.65 or some other number who knows.
Keep the faith and awaiting the RNS or 4 in the near future
At £0.30 I will be rejoicing (assuming it is not based on dilution)
You are a creative "wordsmith" dip - good luck 2U.
Not long now to all is revealed - what a journey.
At 30p I and quite a few others I know will be waiting to see what he does next certainly won’t be rejoicing with that.
I will assume (as I have binned it) it was MH who referred to 30p - agree trippy; not in the ball park.
MH obviously does not understand the value of HAV let alone HAV/Telfer.
We have been diluted since the Dec2020 ATH. 30pence gets the market cap back to the ATH.
If you have been averaging down over the past 3 plus years then 30pence is quids in.
Ace stop with this bin crap. You talk out of your anus too often and think far too highly of yourself. Stop ruining threads. Share price is 7p and you think 30p is not great from here. Okay. Whatever.
Even with my 1p average I’m not selling at 30p I know we’ve been diluted…. unless you’re basing that on 30% ownership?
I am basing it on my shareholding times £0.30 and what that means. Need a 4 bagger from here to achieve it. Also based on today's share price and share count £0.30 = £1.5bill market cap which is a lot and needs justification. £1.5bill = $2.9b AUD at today's FOREX which is comparable to DEG which is I hope to match.