Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Looking at De Grey funding requirements of latest equity raise on page 12
This is Havieron requirements:-
Long lead items:-
Evasee fan
Paste plant
Early works:-
Complete decline to production level
Infrastructure:-
Access road to Telfer
Construction costs:-
Complete decline and stoping fronts
Working capital:-
Complete:-
Decline
Stoping fronts
Fan system
Paste plant
Evaporation ponds
Access road
Feasibility study
Fund Telfer plant and staff
As you can see most of the working capital is embedded in with the others, so $150m (not Aus $) is probably possible.
No matter who owns Havieron 30% 70% 100% there’s not that much more to get production going. Payback in 4 years.
Rest of working capital for the next phase of the decline will come from revenues.
Pepper how old are you? No job? No hobbies?
typical trader cupof****
That’s a fact Bamps, with Telfer, most of those De Gray overheads are already priced in, also we are almost at the ore body and much, much closer to production and cash flow.
Our faith has to be in SD and the team to get us the best deal and put the market at ease. This will take time and we need to sit it out and ignore the constant noise from the fudsters. It’s not for the feint hearted. We are in the very fortunate position of having Newmont as a JV partner. We could never have got this far alone or had this opportunity to buy back the farm. So close now, but the road is never a straight line!
High and mighty? A fundraise you’re all praying for. Don’t be daft? On what the market knows just now, delays, money and the terms of it, is Mr. Day’s biggest challenge. But it’s his job to sort that - and tell us later. I’m wary of it. I think the price tells you others are too. It’ll likely go on after, at some stage.
Maybe just stop trying to be intentionally aggravating and have a normal conversation. We all know your thoughts as you repeat them CONTINUOUSLY!! Give you reasons and stop trying to force your high and mighty opinions down our throats.
Well, perhaps I shouldn’t have mentioned it. In my little world, it’s not so bad, But I appreciate some might find it offensive. Don’t know why.
10K out. Congratulations Mr Big. Is that really something you should be saying on a forum? hahahahhahahhaahhahah. OK !
Where did i mock the 10k F2?
Just keep pushing the Brits.
De Grey have raised well over $1bill AUD over the past 5 years… that’s dilution right… yet look at their market cap. Perhaps some people here don’t quite understand “accretive”.
@ Culpepper. Give it a rest, we all know you are cleverer and better than all here, no need to keep on reminding us. Why dont you go somewhere else and save the world, please.
OK Jooby. There’s no winners or losers on an anonymous chat board. You’re free to say what you like. As am I.
Hi All. Just received a message from them saying they have changed their wording on their buy back promise. Now they state the promise is there but can change to "not reflect the original purchase price". In other words "we can break our promise if we want to".
Until they compensate customers for cheating them and then keep their buy back promise i suggest using other reputable dealers.
Steer clear of these spivs. ATB Speedy
Hark at jd mocking 10 grand , sounds like something a team of shorters would say ????
Https://degreymining.com.au/wp-content/uploads/2024/05/20240508-DEG-Announcement-Investor-Presentation.pdf
De Grey presentation page 12 use of funds
Most of these items Havieron/ Telfer have already.
You talk too much! Use too many words to say nothing, spend too much time on the hamster wheel round and round trying to display some credibility.
Might be telling the truth, might not be. Maybe a fund raise, may not be. maybe we get hav, nah we wont, of, lets get Telfer...Impossible we need a raise... And, Cost of money Bahahahahahahhhhahahhaha ! You really are a chump ! Always knew you like much rubbing, maybe more than your post count! Rub away !
10K out. Congratulations Mr Big. Is that really something you should be saying on a forum? hahahahhahahhaahhahah. OK !
Raise... so you keep wanting to say and almost demand that EVERYONE else has not considered it as a possibility. You think that investors are fools and that they have not done the research, know the risks, have mitigated and managed those risks...Only you have. Honestly... Pepsi really does suit your name as after you open a bottle it goes flat within minutes... Just like you.
I have never pushed a narrative.
Pepper why can’t you just shut up
That’s your own little narrative Jooby. Make it up as you go along. What I always thought made you look numpty. Some others the same.
Never been any secret in my position. I was in, then I was out. Stuck what I had here, little bit more than I put in, in Newmont. Pulled £10k out. In the bank, and still giving Newmont a run. Up and down with gold. Do my best with that. Might go in here again. Might not.
You see, people can’t direct themselves to 100% of this or that without looking at the cost of money. Whatever form that cost takes. And that’s the rub.
Skated over on here. Mustn’t be mentioned. So I do. Often. We’ll see.
But for you lot. On this board. We’re going to have a fundraise. We might just get diluted to hell. But who cares. It’s brilliant. And In 2 years we’ll all be millionaires.
In 2022 De Grey they raised around $150mill AUD. In 2021 they raised $125million AUD. In 2020 $100mill AUD. etc etc
Despite the annual dilution they are listed on GGPs presentation slide 11, as number 4 Goldie in market cap on the ASX.
https://greatlandgold.com/wp-content/uploads/2024/05/Greatland-Corporate-Presentation-May-2024.pdf
Clearly the ASX deem all of these funds as value accretive given the investment in drilling and firming up the resource. Food for thought on GGPs journey.
Https://degreymining.com.au/asx-releases/
In October 2023 they raised $300mill AUD. You can look through their history at other raises. They are still exploring and do not have a final Feasibility study I’m sure, plus I’m not sure when they first expect to make revenue.
All for a market cap of $2.3bill … £1.2bill. GGP market cap £300mill.
When completing deals and / or negotiating I always ask myself whats in it for the other guy.
Pepsi getting his knickers in a twist and confirming everything (again). Trolls do not like being schooled at all. And like all Trolls move seamlessly into whataboutarry. Peps, remove your high heels..You're telling stories again.
As for your 'investor chums'...pull the other one. Your other issue is you have a short memory and you rely on others to have the same. Just like a some of your 'chums', not limited to this board.
Again & Again, what an absolute bore fest reading this site has become. There’s more armchair wannabe CEO’s here than you can shake a stick at, and without a shred of evidence that anything they write about will come to fruition, why bother yourself reading it. Do yourselves a favour and just switch off until something is actually released to the market that’s worth discussing. Just more “Wind & Puff” 💨 from the Big Bad wolves that come here trying their best to blow down the house. Why keep guessing, especially about things most of you haven’t a clue about. Ultracrepidarian’s the lot of you !
Night guys, All to play for. 💪
From Lebugue-Addick
Just to be clear … The undrawn bank facility stands at 220m dollars on a 30% basis. As Shaun said in the recent interview this scales up to 733m dollars on a 100% basis. A decent war chest for acquiring the remaining 70% of Havieron and Telfer. Not necessarily that is the amount Greatland are prepared to pay. The recent Newmont accounts show the carrying value of the combined package as 373m dollars. Just a book value, not necessarily the amount Newmont will accept.