Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Not a great quarter. Closed for a large part due to the tailings dam problem. Annual forecast is 230,000 ounces so 204,000 for 3 quarters. Plus 8,000 tonnes of copper forecast for a year.
https://s24.q4cdn.com/382246808/files/doc_earnings/2024/q1/presentation/Newmont-Q1-2024-Earnings-Presentation_Final.pdf
Telfer all sustaining costs per oz $3.017
oz sold (000) = 26
What he knows about anything doesn't need to be told.
On any message board.
Ever.
Redirons, like me, don’t you find it funny that patience seems to be something that is acquired with age. The constant bashers & whingers that appear here, seem to have none. They come from the “If you stop crying, I’ll buy you something” generation !
Whereas most of the LTH’s here, come from the “If you don’t stop crying, I’ll give you something to cry about” generation !
We are not the same.
I can’t believe the amount of people who show up here saying GGP is this, is that, it’s the other, all because they haven’t doubled their money within 1-2 years. Some of you are just dreamers. Just because some have made those sorts of returns in a short timeframe, doesn’t mean it’s the norm.
Found this description and am purely guessing it may answer my previous one project question regarding Telfer and Havieron grouped together.
“A disposal group, as defined by the International Financial Reporting Standards (IFRS), refers to a group of assets (and possibly liabilities) that an entity is looking to dispose of together as a group in a single transaction. This concept is covered under IFRS 5, which deals with Non-current Assets Held for Sale and Discontinued Operations.
A disposal group may be a division within a company, a subsidiary, or any other collection of assets and liabilities. The plan to sell or dispose must be at an advanced stage where it’s unlikely changes will be made, and the assets must be available for immediate sale in their present condition.”
Wow - Ponie you do not look like you are in your 80th year, so whatever your secret is it’s working!! I’m a mere baby at 65 but at least I’m in full agreement with everything you say. Look forward to opening a bottle of bubbly at your 100th - hopefully on a nice yacht somewhere in the sunshine off the back of our substantial returns from GGP over the last couple of decades!!
Hopefully Ponie you'll have another 10 years in the tank I'm not getting any younger myself and this share price has taken it's toll this last 3 years but I think we are near the turning point, good luck and hold firm.
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 :-)