Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
Bandit. Arrogance or confidence? Just a matter of opinion as you say.
I have a view how this can be done with massive accretion to current shareholders. This is based on some facts, some press articles and a few things that I have picked up over the last few months, some of which I have shared with people I trust, and they have shared with me. At the beginning of last month I laid it all out for discussion, though probably not on this forum as its a bit noisy for my liking. Next few days will be pretty interesting I think.
You gotta have the vision!
I find it quite sad that there are so many tiny investors who cant see the massive opportunity in front of us. To increase Havieron by 10/3 and to take Telfer the mine which is nicely cash flow positive atm, and to have the processing plant and the cost synergies that that will bring plus a nice bit of cost cutting by our CEO (no more 4X4 vehicles for the non mine personnel!). To get back the JVs and become THE player in the region will all be worth a lot more than dilution. It will only be gross dilution, not nett dilution of course as the assets will be worth far more to GGP than the increase in shares in issue and extra debt, but I have said this before.
No wonder Shaun wants more instos and by inference fewer tiny tiny investors.
is quoted in todays Mining Journal as 'lining up global bid targets', for those of you that like a rumour.
And for those that think it might be FMG, I doubt it. Last month they transferred their Business Development team to GGP.
Dip I would say that is my second preference but a nice outcome too.
Shaun doesn’t have to have something to announce each time he comes over. Maybe, maybe not. But he does need to see current and potential institutional investors regularly, maybe three or four times a year. He will tag a TH event onto that cos it’s good investor management. He will probably need to see majors, banks and lawyers whilst in London, but London isn’t the centre of mining finance it used to be.
Not sure why anyone is bothered by Borelli. My guess is he will be gone as soon as he exercises his options. Some smaller PIs may not like it but the future for ggp is more Aussie centric, more growth, and more equity issuance. But every deal will be accretive so what’s not to like?
I think we may have a big fabulous deal in the not too distant future, probably requiring an ASX listing and issuance to local instos.
Ggp has a fantastic future but it may not be quite what some of you want, which appears to be nothing beyond 30% of Havieron.
Terry, from your nonsense of yesterday, I would wager good money than I know way more than you do about about Newcrest. I have plenty of experience of takeovers too.
Mine is an opinion, as is yours. I just think mine has a lot more credibility.
Quady, my guess is that there is about a 50% chance of them selling, versus about a 10% chance of them buying. But its just a guess. NC dont have much of a future, and if they escape NMs clutches they will be selling assets imo.
How many times has he come over, and how many times when he has come over has he asked for money? V unlikely.
Just routine to see institutions. At least one UK based Insto has invested in past two months. Maybe two.
years away.
Cant believe that I am about to say this, but Quady I agree with you!
That RK post is one of his more daft ideas. To think that NC are giving much consideration to its stake in Solgold is quite preposterous. They have given no clue that they are thinking about a poison pill, but a lot of clues about getting NM to just upping the bid a bit and they will go quietly. Its a very strange attitude by NC but when you have so little support from your institutional investors, you really dont have much future. They are definitely sellers of assets, not buyers.
There is a lot more chance of NC selling its stake to BHP and they launch a bid, though I wouldnt rate that highly either. IMO!
Bablake, I am glad you are getting to see the real big picture. 2023 will be a fun year, and 2024 may be better still.
Redtrader, you have answered my question. Nasty AND thick. Filtered.
Redtrader, you are right, you are thick. Shaun didnt conflate at all, he clarified. Some had assumed that the decline was all of the 1500m when it was first reported. He clarified it by saying it was 1300m of decline and 200m of passing bays etc.
Not sure why I am helping you. Must be my charitable work for the week.
You are one more stupid post from being filtered and my bet is that you will achieve that very soon.
Redtrader, I cant decide whether you are particularly thick or particularly nasty, but please dont invest in GGP.
Rbrand, spot on. You have no expertise.
Not sure I understand. If you mean by politicians, those that have a fiduciary duty to run both NC and GGP and are bound by common law and the reporting requirements of the ASX and the London Stock Exchange, then if you choose not to believe them, I think you had better have a chat with Him upstairs...
How often would you like a 'simple number'? You had one last week.
And your last post, is more of the same.
We are ahead of schedule. We raised way more than enough to get to first ore. In fact we raised so much that we have plenty should NC decide to ramp up the spend, which is unlikely.
But still you bang on. Must try harder...
Subtle negativity Redtrader....actually not very subtle at all.
Do you really think that it makes any difference whether the decline is 1300m on 25 Jan or more than 1500 at Feb 15th? Shaun said last week that the decline is ahead of schedule. Thats really all you need to know.
Newcrest would like to put out an announcement twice a year. You seem to want one daily?
Yesterday I invited the doomsters and gloomsters to articulate what Shaun has done wrong and what he should have done and hasnt, so that we could have a mature debate. So far nothing, bar he could buy a few shares. If you look at his exposure to the company I think you will find its far in excess of most investors here, which is what you would expect.
If you want to have a proper debate, maybe the Shaun/GGP doubters could list all the things he has done wrong, or hasnt done right and we will be able to discuss that? Please remember one thing, Shaun doesnt manage the share price, he manages the business.
Given the company is in the cross hairs of NM, that was an unbelievably boring and dull presentation lacking any reasons why an investor should not be praying for a higher bid from NM. Sounds like they gave up when Sandeep ‘retired’.