GGPChat

Wrong link. Here’s the right one: https://aum13f.com/firm/tembo-capital-management-ltd

Tembo Capital runs at least 6* different funds for its clients. The Spartan royalty was sold by Tembo Capital Mining Fund III. Without some evidence to support the idea that the same fund that sold the Spartan royalty was the purchaser of the GGP stake it is surely too great a s-t-r-e-t-c-h to link ...

The Money of Mine guys were spot on when they suggested that A$1.5bn of financing could be needed: A$750m of equity + A$750m of debt is what’s been announced.

Bamps21 wrote: ↑Tue Dec 19, 2023 4:03 pm Looks like the main construction work can’t start until the EPA approval for Stage 2

Once EPA approval for Stage 2 is in place, how long will it take to build the 55km haul road between Havieron and Telfer?

I’ve made two points in this thread: 1. That GGP has a 30% interest in the Hav JV as they have stated in various RNS and presentations, not 40% as was being wishfully surmised by posters here. 2. That SD didn’t really have much if any say in the outcome of the 5% saga, as he had inherited a very wea...

You really can’t see the forest for the trees can you? An option price FAR lower than SD was looking for was determined, and NCM still refused to pay it. Your detailed points about cut-off dates and commodity prices are non sequiturs. If a later cutoff date and higher commodity prices etc had been u...

Well Francis I would say totally out manoeuvring NCM over the 5% was pretty exceptional Independent valuer said “Price for the 5% is USD60m” NCM said “Nah - we’ll pass.” SD (like you!) thought the 5% was worth FAR more. But he wasn’t responsible for determining the valuation, nor for determining NC...

… Shaun is not the messiah - But he is an exceptional strategic operator , navigating a very tricky game of poker - where his hands were more or less tied up behind his back, for 2 of the past 3 years... AND Now - FINALLY - we get to witness him fully unleashed. … To misapply another vox-pop histor...

None of us know that for sure or if they’ve spent the $20 mill so as far as I’m concerned it won’t hurt to ask! Yes Shaun won’t have missed it but at the same time answering shareholders concerns takes 5 mins and seeing as he’s said sweet fa to us for a while I think we have a right to ask You can’...

There’s nothing contradictory. It’s perfectly clear. The expenditure requirement has been met so the additional 10% has been earned and the interests are 70/30, as SD has said many times and as per the text you’ve just shared.

o Stage 4: If Newcrest completes and delivers, or incurs no less than US$20 million in expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (the "Stage 4 Commitment") within a period of 24 months from the date following satisfaction of the Stage...

Actually fairly old news Francis - Albeit only just being reported on Morningstar My Pal spoke to Ned a few months ago and they've actually been out now and for at least 2 months: ( As I reported earlier in another post elshwere ) - It appears the Jupiter gold and silver fund sold heavily into the ...

It looks like Jupiter Gold and Silver fund is Selling Big… now

Latest holding per Morningstar is 26.9m, so they’ve sold about 65m shares so far

https://www.morningstar.com/stocks/xlon/ggp/ownership

That’s a really interesting article. Thank you for sharing it here. As I pointed out recently it’s also possible that SD accepts the hard reality that the capital sums required here (including funding 100% of the project to completion) are out of reach for GGP, particularly if he wants to respect th...

I am sure that Havieron will be a successful mine over many decades. Less sure that existing GGP shareholders will be big beneficiaries. I could see how it could work when riding in the box seat with Newcrest, but the propositions under discussion here are a long way from that now. Thank you for the...

I’m going to risk advancing a less positive prognosis. GGP doesn’t have the upper hand in anything here. They bring nothing other than their 30% and their ROLR to the party and it’s not clear that is going to be enough to secure a winning outcome for existing shareholders. It’s very hard right now t...

The info from Hydrogen’s “good source” has turned out to be incorrect. The outcome described as “NO [effing] way - and I mean totally ZERO chance” is happening after all. I have it from a good source and Oz based mining friend: There will be No Newmont spin out of Telfer. You know what that means/im...

That’s an interesting post Rotherby. It’s likely there will be close regulatory attention to any sale of Telfer. Regulators will want a deeply capitalised company to backstop the potential environmental liabilities, which are hard to quantify and could stretch out over decades. I can’t see them lett...

Thanks for clarifying Francis So which is it? Did someone pick the stock or did a set of conditions pick it? It wasn't picked. A set of ESG-related conditions were met. Those conditions will have been set by LGIM's ESG team, NOT by a fund manager. The whole point of an index like this is that it DO...

Definitely good work by SD & team on the ESG front, as I pointed out in my first post. It's likely that GGP will pass other investment company ESG screens so could pop up in ESG portfolios elsewhere. LGIM should be a stable long term holder. However they are one of the largest and most active st...