No answers, but just questions and ramblings, (some details might not be spot on)
Greatland Gold GGPAs 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 AUDSo 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.
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