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Can't see red dots yet ATP, I'll have a few more Tetley's and come back for another go.
Thanks for the replies. I am concerned of more dilution, therefore I would be happy if we are able to obtain a smaller stake in HAV than first thought but through debt as opposed to more dillution. For me I would be delighted to get ourselves back to somewhere reasonably close (80%) to our all time SP high but we have a long journey ahead. Just my thoughts
Speedy
Im with your sentiment, but if we have ASX cross listing we can’t go to 49% with Forrest. Their rules are more restrictive than UK.
Anyone having issues with seeing the red dots on lse, think it’s broke.
Hi Bamps. Yes, getting the farm back with no debt would be great, but the present SP would not stand much dilution even accretive. Would by good if Twiggy took 49% and we arranged the other 21% via debt and/or royalty. A good bit of negative equity from Telfer would seem reasonable to minimize the royalty. Just one of many possibilities, best to wait for news rather than speculating, but all good fun. ATB Speedy
The drilling teams will no doubt be back at Scally and others, once the land dries out. I’m loving that Telfer is not popular , much better for GGP to negotiate. I have no doubt that Havieron will be mined. It’s a ‘Beast of an Ore Body’. Just hold tight and let the team do their stuff….and don’t forget the copper!
Ah Ace, Learned from a friend in NYC a lot of word substitutes. I may have got it a little wrong but i don't care. Just going about my day with a smile on my face.
UR right 😁
Silence can be 'golden'!
My hope and vision is of SD peddling furiously beneath the waters surface with a view to causing a future tsunami to shake up the Paterson once he has negotiated a deal!
I get that it seems we are unloved. After all NCM purportedly walked away from a further 5 % and NEM walked away from the lot!
A deep cavernous orebody with an ailing milling plant alongside it, may well not to be to everyone's taste and they can afford to move on.
SD on the other hand, is trying to form and grow a new' kid in town'...a tiny explore turned miner who will grow with the region and with his formidable team of heavy hitters.
All someone needs to do is water the grass that is the Paterson, because there are a ton of tenures waiting to be groomed, watered and nurtured to bloom hopefully into new golden trees across that currently barren looking dirt!
I hope I am right. I think I am right. Hence I am holding tight!
JK Rowling's Harry Potter got rejected by hundreds of publisher's before one took her on. More fool them!
GLA!
I know that mh it’s just becoming very tiresome , surely not just for me lol but at least ufo on the move lol
...Already been called, possibly, the largest gold motherlode in a generation, or more....
Meanwhile, gold heading back to $2400+, which was hit only briefly, intraday, on Friday...Currently @ $2390...
Fred you can have a glass half empty view or glass half full view.
Well even the most optimistic lth’s must be a bit fed up with the silence , at present we have 30% of a large gold deposit , which has come to a standstill . We still don’t know if it will be feasible to mine it , then if we do buy the remaining 70% we immediately treble our exposure to all the costs . Telfer currenty down ( allegedly) and i doubt anyone is queuing up to buy what could become an expensive liability. Sd is 3.5 years into his expected 5 or 6 year tenure , it really is a riddle atm . What is happening with all the drilling teams , trucks , have they been transferred elsewhere, lots of questions and we need some answers
If you are right IoT have you sold out of GGP?
Desert trader,Forrest/Wyloo can take the 70% easily,then low ball ,starve out GGP,to get the lot,then ipo to repeat fmg success,why do you think the bod has been increased with 'his' people?Why use the private company to 'invest' here?The money put in is nothing if he scoops the whole show
I would prefer debt be involved to reduce the issue of new equity to raise the monies. If the banks are ready with +$200mill hopefully they can push it further.
As we await for a much needed positive update, would be interested to listen to views about potential finance options to purchase the Teller plant and the remaining 70% of HAV.
Hi Speedie
Would be better “we’ve bought the farm back with no debt” 🙂
Hi All. No matter how much a few new longs here try to push up the SP the only thing that changes things will be the RNS stating "we bought back the farm with debt, a royalty and twiggy increasing his stake" ATB Speedy
142 trades, tells you all you need to know.
One of the highest prices paid for a large trade 6.275p
13:43:09 - 6.275 - 516,079
JD you are a card 😁
Dates of most recent and next independent reviews
Newcrest uses the Canadian Dam Association guidelines for Dam Safety Reviews for all TSFs,
regardless of jurisdiction, and the frequency is driven by the most frequent of regulatory
requirements, ITRB recommendations and GISTM.
Facility Telfer TSF 7
Date of last Dam Safety Review 2019
Next Dam Safety Review 5 years 2024
The 2022 Telfer Mine Closure Plan was approved by the Regulator (DMIRS) in June 2023,
meeting the regulatory requirements for closure liabilities and providing adequate financial
capacity for closure.
Not mine!
Closed the Crude short this morning. 99 Red balloons, No 500 Green Balloons! 20%25% of that here.
Eawinner - I stand corrected silly mistake of mine as I sold on the way up and bought again on the way down before the SP plummeted and should have remembered better but the years pass quickly these days but not that quickly !