George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Https://www.reuters.com/markets/commodities/newmont-beats-quarterly-profit-estimates-2024-04-25/
A positive post from Tavi Costa on X.
"Now is not the time to stand in the way of this long-awaited historical breakout, in my view.
With gold prices at these levels, mining companies are likely to become true cash-flow machines.
Newmont's earnings release today was just a glimpse of what's to come."
https://x.com/TaviCosta/status/1783586318766797141
Copper has gone up 27% in the last 6 months (not that we have very much !?) ATB Jonno
From about 16 minute 48 seconds … relevant https://youtu.be/ML_xEzuVRf4?si=NLE_R2nHuILFa6pR
"We have started the formal process on each of the six non-core assets, there's a high level of interest across those processes," Newmont CEO Tom Palmer said in a post-earnings call
the world is full of whingers and parasites whose only aim is to make loads of money today - not tomorrow. they don't stop to do their homework they just think the world owes them a living and they want everything now, no matter what.
there is very little left in this world where one can make great rewards for very little effort anymore. the saying "no pain, no gain" still stands, i'm afraid.
suck it up kerching - wait in line (others here have been waiting since before the mine was started and very few if any are ******** about it - and that is because they understand.
sorry you're in a rush - best you sell up, get some sleep and look for another instant winner, eh?
good luck and all that.
z
Matty, I complained about 4 years ago to the FCA and after about 10 months of toing and froing got the formal brush off. So I complained to the Ombudsman that the FCA had not addressed my complained. The ombudsman instructed the FCA to do their job properley and my complaint was then investigated properley and found in my favour. That all took around 18 - 24 months. Proves in reality just how useless they are - processes are designed to waste time imv. Andrew Bailey was in charge then and frankly he is doing a poor job at Bank of Englane now , talking down the pound and making the inflation target even harder. It is clear to me how their processes can be improved and i wish I had the chance to sort them as they are one of the major causes of the failing flse imv.
We expect he SP to decline on good news. Its been happening for years.
The parasites have their claws into GGP but we all know they do not kill the goose that lays the golden eggs. Stupid the Knockers are but they have to survive and obey the long term principles of investing.
We have our investments safely tucked away for the future and we can add at any time cheaply until Havieron/Telfer becomes of age.
Meanwhile we have our other tenements to fully explore including the Huge EG. No wonder we are described as being a win win organisation and now win again explorer soon to become a producer ( in mining timescales).
It is quite possible that we may eventually end up with double figure Tier 1 mines in the future if our exploration techniques are as successful as the last few years.
If you are younger then why not be patient with your life ahead and keep behind GGP fully. If you are like me (in my 80th year) then I hope (God willing) to be around for at least another few years so am very hopeful for the future when the rewards will start to flow.
I do not consider this posting to be a ramp but simply an example of the possible long term way forward for GGP (whatever form it may take).
So ignore the noise and keep the faith. Its in our hands.
GLA.
Today's RNS was expected and we all know at some point we strike again at one of our 100% owned tenements, what I find absolutely Rubber Stamping Greatland Golds LT future is Havieton and Telfer ownership, I knew we would become a producer and not just exploration but a 100% owner yes with major investors. As forecast over life a 215 to 20 m oz at forecast pog of $2500 Av over life we ate talking an mcap for GGP based on partnership and expected p/e of 15 or 5 Billion . I'll happily accumulate. No replies from burger flippers required
Freudian slip
Dip - listening in to call and typing posts while i was catching up on work after morning off :-)
Not good enough - focus my dear boy focus
Potential monster
Always fun to laugh at plode
Pawlo- I have written the share off ....mentally gave up on it. I do however still hold a shade under 50k shades that i have averaged down on the last couple of years (won't sell them as i'm a glutton for punishment). I had a look behind my sofa to see if you were there as you would appear to know my portfolio. Couldn't see you but i did find a piece of old doughnut. Enough said.
Zoros -you don't know me or the other members who you think need to "grow a pair" . Get off your high horse, i like many others on here base performance on the current SP, not what it might be in 20 years time! If the continual downward spiral is part of your investment stratedgy and long term goal then you have got balls of steel. I do however wish all investors good fortune no matter what their views.
Great post Lebugue - says it all!!
“six non-core assets and one project as held for sale, resulting in a non-cash impairment of $485 million” taken from Newmont’s First Quarter Results today.
I thought it was two projects Coffee and Havieron as per the February announcement. “Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee”
There’s probably an explanation, someone might know?
Maybe they’re grouping Havieron project together with Telfer?
Also as JC on TG pointed out the press has reported opening bids for Aykem expected by end of April so perhaps that is the end of price discovery phase for all 3 geo's?
A loose assumption of course, Tom P stated high interest in all assets so I don't expect they'll need to extend Phase 1 for any of the 3 geo's - and we know of at least one interested party for Oz assets I guess....
Sry, should have read more as in flexible as in separating payments into two tranches albeit well within desier timelines to meet targeted divestments etc.
listening in to call and typing posts while i was catching up on work after morning off :-)
"Lundin Gold (TSX: LUG) has negotiated a deal with Newmont to buy out the remaining stream credit facility and offtake agreement for its 100% owned Fruta del Norte mine in Ecuador, relieving the company of its debt obligations to the world’s biggest gold miner." https://www.mining.com/lundin-gold-becomes-debt-free-with-330-million-repayment-to-newmont/
Topped up today for *5.64p.
First buy on 22/11/21 for 14.5p ( 2 years , 5 months holding )
Idea after chatting with zarqhon on LEK he had sold a biggish holding at 17p and posted that trade on this board 9/8/21.
Buying some back in his ISA later.
Never been in a paper profit , a steady decline .
Got today's idea to average down after reading the SHG ( Shanta ) page , and having spare funds on acc.
Addicted to this AIM casino.
"Cash is a preference but as can be seen with Lundin deal, they seem open-minded." - note the Lundin deal is for cash, split into two instalments totalling $330m. Lundin purchased both the remaining stream credit facility and offtake agreement.
I don’t know if inferences can be drawn from Lundin. If I understand it correctly, think the case is that Newmont has retained Newcrest’s equity interest in the company itself, whilst agreeing a price to dispose of Lundin’s debt arising from funding provided and arrangements to finance the Fruta Del Norte mine.
It'll be important to ground truth those geophysical interpretations early on. I found it interesting they are interpreting the BIF's as repeated and folded. I've read about and even seen folded BIF's on a local scale. Google folded banded iron formations and you'll see some incredible rocks aha. But folded over KM's in scale...sometimes its hard to visualise the scale of geological structures.
- Currently in Phase 1 being Price Discovery Phase i.e ascertain interest for assets to set price/negotiating range and they have had great interest, cash is a preference
- Separate and dedicated teams for each 3 geo’s inc. Oz assets
- They plan to divest or decide by calendar year Q1 2025
We don't know when Phase 1 ends but as they've had good interest for the assets you'd think they won't need to extend it, especially for Oz assets with GGP sat there willing to negotiate once a valuation range is set.
Cash is a preference but as can be seen with Lundin deal, they seem open-minded.
In previous comms from NEM CEO and correspondence with Investor relations the sequencing suggested is completion of Hav/Telfer and Aykem before N.American assets.
GGP should IMO have a draft framework financing pretty solidly drawn up with Wyloo, Banks and other parties within their idea of FMV for the assets to ensure negotiations can be efficient including hopefully plenty of Due Diligence that is achievable at this stage being conducted too, helped by the fact that Havieron and Telfer are already part of the plan for JV in place.
So fingers crossed Telfer/Hav will be completed earlier within the timeframe set for divestments planned by Newmont for CY Q1 2025.
Replay:
https://events.q4inc.com/attendee/908608833
Mapp do you know who owns London South East ( this chat site )