GGPChat

Have a look at the post below for an idea of what some Aussie's think may be in store for GGP with the new high-powered board.


https://hotcopper.com.au/threads/recent ... 65&embed=1



No answers, but just questions and ramblings, (some details might not be spot on)

Greatland Gold GGP

As we all know appointed these three, high profile, extremely credential, top executives to the board.

1) Mark Barnaba, eminent natural resources investment banker and Deputy Chair of A$50 billion ASX-listed Fortescue Metals
2) Elizabeth Gaines, former Fortescue CEO and Managing Director,
3) James 'Jimmy' Wilson, a former senior executive at BHP including the former President of its iron ore division,

These three are not at their end of their career lifestyle directors.

My point in case is this. Look at their massive option packages for signing on.

1) Mark = 100,000,000
2) Elizabeth = 55,000,000
3) James = 40,000,000

Now these options only come into the money if the share price rises by 45% above the recent placement price of 8.2 pence = 11.9 pence

For them to want to even contemplate on exercising them, the share price would have to be a minimum of 25% above the exercise price of 11.9 pence = 14.87 pence

Remember they would be whacking in a staggering sum of 23m pounds of their own money = $40m AUD

So if all that was all going to happen the Market cap of GGP would have to go up by about 80% from say by 500m pounds to 900m pounds.
= increase of 400m pounds or about $680m AUD

ALL before 31.08.26

And remember that Wyloo (Andrew "Twiggy" Forrest) now owns 8.6% and can go to 14.6%...he has whacked in $60m AUD and can whack in another $60m AUD.

Now Wyloo has not taken that stake in GGP that owns a non controlling 30% stake in a great asset to be passive, that's not his style.
Mark, Elizabeth, James are at the top of their careers, this is their prime time, with a massive incentives package to make their mark on the world.

You got to ask yourselves, where or how is this wealth creation for GGP going to come from.

It can't really come from Havieron, because really we know most things about that, and we already expect further expansion of the resource base, you don't need those directors or Wyloo for that, especially since NCM are running the show.

So it can only come from, merger and acquisition combined with their experience and financial might, still its a lot of value to create somewhere in the vicinity of $500m - $700m AUD before august 2026.

I'm certainly not implying a take over of AZY, but certainly on the agender is a tie up somehow, they will be wanting to own, control, or have an interest in a majority of the Paterson Province belt some how.

My starting assumption is it that it will be a % interest in Minyari Dome in the first instance to get the ball rolling.

These 3 directors and Wyloo have not made the jump into Greatland Gold to sit around the board room sipping coffee and deciding what their next move is.

They already know their next move and we shall find out in time what that is.

This move by those players is very very significant to us (AZY), the Paterson Province and just as importantly, but in a negative way to NCM

Stay tuned.

The 'famed' inorganic growth...right?

Would we be restricting ourselves just to The Paterson? A smaller producer near one of our other'to be explored' tenements could be a possibility?

Hi Costa,

I think all options are on the table. The poster on HC obviously has a slant towards AZY as that's where he's invested.


My takeaway was that Aussies can appreciate the gravitas of the board appointments - more so than us here in the UK - and can see that these top notch mining exec's (and Wyloo) are not joining GGP for a knees-up and waiting for the dividends to roll in from Havieron.

Shaun had sold them a vision of what he wants the company to become and they will be fully engaged to make that happen and while we are all wondering what the next step might be, they are probably actively making that step happen.

It's about to get very exciting over the next 12-18 months IMO - apart from the regular updates, FS, DTM and all the usual Havieron stuff. Looking forward to the ride.

GLA - Paddy

.Elizabeth Gaines biography.
Elizabeth Anne Gaines serves as Chief Executive Officer, Managing Director, Executive Director of the Company. A highly experienced business leader with extensive international experience as a Chief Executive Officer and group executive, Ms Gaines has a proven track record in financial and operational leadership across a number of industries, including resources, construction and infrastructure, financial services and travel and hospitality. After joining Fortescue as a Non- Executive Director in February 2013, Ms Gaines was appointed Chief Financial Officer and Executive Director in February 2017. She is a former Chief Executive Officer of Helloworld Limited and Heytesbury Pty Limited and has also held the position of Chief Financial Officer at Stella Group and Entertainment Rights plc. Ms Gaines was ranked second on the 2019 Fortune Magazine Businessperson of the Year list, and in 2020 the Chamber of Minerals and Energy of Western Australia awarded her the ‘Women in Resources Champion’ at their annual Women in Resources Awards. She has significant exposure to the impact of the growth in Asian economies, particularly China, on the Australian business environment and economy as well as a deep understanding of all aspects of financial and commercial management at a senior executive level in both listed and private companies. Ms Gaines holds a Bachelor of Commerce and Masters of Applied Finance and, in 2019, was awarded an Honorary Doctorate of Commerce by Curtin University. She is a member of Chartered Accountants Australia and New Zealand, the Australian Institute of Company Directors and Chief Executive Women. Ms Gaines has previously held Non- Executive Director roles with NEXTDC Limited, Mantra Group Limited, Nine Entertainment Co. Holdings Limited. and ImpediMed Limited.

What is the salary of Elizabeth Gaines?
As the Chief Executive Officer, Managing Director, and Executive Director of Fortescue Metals, the total compensation of Elizabeth Gaines at Fortescue Metals is $6,113,520. There are no executives at Fortescue Metals getting paid more.

. Mark Barnaba biography.
Mark B. Barnaba serves as Non-Executive Deputy Chairman of the Board, Lead Independent Director of the Company. Mr. Barnaba is a member of the Board of the Reserve Bank of Australia. He is also Chairman of the State Theatre Company of Western Australia, and is an Adjunct Professor of Finance and Investment Banking at the University of Western Australia. He is co-founder of Azure Capital and has previously served as Chairman of Western Power Corporation, The West Coast Eagles AFL Club and Alinta Infrastructure Holdings. In 2011, he was appointed by the Premier to chair the WA Steering Committee of the Commonwealth Business Forum for CHOGM. Previously, Mr. Barnaba worked for McKinsey and Company and also recently held several senior executive roles at Macquarie Group, where until 31 August 2017, Mr. Barnaba served as Chairman of Global Head of Natural Resources for Macquarie Capital. Mr. Barnaba holds a Bachelor of Commerce (Honours) from the University of Western Australia and a Master of Business Administration with High Distinction from Harvard Business School. He is a Fellow of the Australian Institute of Company Directors. In 2015, Mr Barnaba was named a Member in the General Division of the Order of Australia (AM) for significant service to the investment banking and financial sectors, to business education, and to sporting and cultural organisations.

What is the salary of Mark Barnaba?
As the Non-Executive Deputy Chairman of the Board and Lead Independent Director of Fortescue Metals, the total compensation of Mark Barnaba at Fortescue Metals is $948,718.

.Paul Hallam biography.
Paul D. Hallam serves as Independent Non-Executive Director of the Company. Mr Hallam has more than 40 years Australian and international resource industry experience. His operating and corporate experience is across a range of commodities (iron ore, bauxite, alumina, aluminium, gold, silver, copper, zinc and lead) and includes both surface and underground mining. He has global experience stemming from his executive roles across multiple cultural, regulatory and business environments. His former executive roles include Director – Operations with Fortescue Metals Group, Executive General Manager – Development & Projects with Newcrest Mining Ltd, Director – Victorian Operations with Alcoa and Executive General Manager - Base and Precious Metals with North Ltd; and also, mine management/development roles for Battle Mountain Gold Company in Chile, Bolivia and Australia. In these and previous roles Mr Hallam has held site and corporate accountability for all site functions plus sales and marketing, stakeholder management, capital projects and regulatory oversite and management for multiple mining operations. Mr Hallam retired in 2011 to pursue a career as a professional Non-Executive Director. He has held Australian and international Non-Executive Director roles since 1997. Mr Hallam is a qualified mining engineer and holds a BE (Hons) from Melbourne University and a Certificate of Mineral Economics from Curtin University. He is a Fellow of the Australian Institute of Company Directors and the Australasian Institute of Mining & Metallurgy.

What is the salary of Paul Hallam?
As the Independent Non-Executive Director of Sandfire Resources, the total compensation of Paul Hallam at Sandfire Resources is AUD$130,000. There are 7 executives at Sandfire Resources getting paid more, with Karl Simich having the highest compensation of $2,183,210.

Just posted this on LSE along with sharing some excerpts from the LSE webinar transcript around dilution as can see many posting were angry about dilution and uneasy about Wyloo and I feel Monday was a lot of information and developments we didn't expect until post DFS now - it's been a lot to take in and a bit of a shock!

I like to consider things for a while and and coming across to the reasoning below after doing some research into the new appointments and Wyloo. I may change or adapth these views on more reflection of course

Notes from LSE Webinar regarding Havieron funding and new Board appointments - 12 Sept 2022
https://www.ggpchat.co.uk/viewtopic.php?t=510

Also in case it isn't clear - Shaun was suggesting that the Wyloo investment was off the back of him having enticed such quality additions to the board reading the notes from the LSE Webinar - obviously there will be some familiarity and recognition of their combined talents by Andrew Forrest and his team.

Most of us want GGP to attempt to be the next Northern Star - well this is the route we need to pursue vs passive revenue from Havieron and exploration of tenements at a sedate pace. !00% owned tenements that prove prospective and that we want to self develop will take a lot of time, a lot of funds and a lot of expertise.

IMO we'll need to pursue some inorganic growth to assist with the transformation into a powerhouse too over the next few years, the key skill sets in the new board members are focused around operations, strategy, M&A and finance (access to and management of).

Also Wyloo should provide us with the opportunity to join in on some of their potential ventures of various kinds and vice versa moving forward, there will be more involvement here I feel.

Now...perhaps Wyloo make a move in the future if Shaun and co screw up and we become vulnerable in some way and Newcrest tries their hand in which case... will 2 opposing parties bidding for us prove beneficial?

I reckon it might, hoping we never get there of course - but rather 2 behemoths vying for us than just one with no obstacles to surmount