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Just my two penn’oth but think that figure of 207m for restoration & reclamation is way too low. Have a look on Google maps, it’s a big job. You might get a few bob back for plant, vehicles @ buildings etc but not much.
Redirons
Overlooked 'I will give a example' part lol
You need to do far more research Daz - Rio are not looking for gold plays at present and even if they were, they are the last to overpay for anything as their DD is meticulous. Are you just trying to be contrary for some attention?
Agree Mark.
In that scenario we could get bought out for Shaun’s eye watering amounts. Or simply have a new JV partner. Not my guess.
Fair enough. Highly unlikely. We shall find out soon I hope.
Even If another entity purchases the 70% it just means they have the lions share of expenditure and we are in the same position as before but with a new partner and the uncertainty over funding removed and it is a lesser burden, but obviously with less upside potential than owning it all. Still sounds like a win to me from where we are.
I don’t think that’s been the plan though and personally I think the plan has been well prepared for some time.
GLA
Yes I have grasped it....
I'll give a example. GGP offers 500mil for 70%..... rio tinto offers 1bil..... GGP can't match it. GGP don't secure it.
Atb
They could be sold separately but would not make sense. Telfer worthless without Havieron at this time.
Either I’m not understanding your post or you haven’t grasped Right of Last Refusal.
Im assuming the whole farm in JV included toll processing at Telfer, so the 70% and Telfer has to be sold as one
Hi bellers
Well GGP can lose it could not secure 70%..... even if that's outbid for the value increase would be minimal vs the 70% secured.
Ofc not saying they won't secure it. Certainly interesting times.
Considering SD’s confidence and positivity in GGP’s relationship with Newmont, the stellar BOD in place, and the fact that Telfer is worth less than nothing without Havieron, and GGp’s right of last refusal for the 70%, in my opinion, there is only one purchaser with intimate knowledge of the mine that is funded and ready to go.
Daz423, it’s last rights of refusal, so someone would have to bid over the odds to get it. If they do it just gives us a higher value. We really can’t lose in my opinion.
Hi BFD
in truth I held GGP under GH at sub 1p made a modest profit and it funded my mortgage. Didn't hold the full ride but it was the right decision at the time.
I keep an eye on GGP and I am bullish for GGP however as you know I am a stickler for details.
My understanding is GGP could be 'outbid' for the 70% they have to match to have first rights ? And there is some whales circling I imagine.
Either way HAV will be mined without question. By who ? That's the question.
The only way Newmont can put any valuation on the 70% is if it includes Telfer processing the ore so fair valuation it cannot include Telfer , Newmont has not valued the 70% this way because they know its going to be very low if they do .I think GGP are the only real option for Newmont to sell to unless our 30% is sold as well and one buyer takes it all .I think we will buy the 70% and Telfer as a package deal on very good terms its the only realistic option for Newmont.
It addresses the issues that count. It is, in my opinion, why the price is where it is, reflecting the view of punters at large.
Resuming the decline will help. In the end, it is all about the money in the here and now.
Reads like straw clutching fud to me. Off to the green bin you go.
I dont think stopping does anything to value - its not like the gold is going anywhere. I just think the aquifer is a a convenient excuse that could drag on for months. Shaun just stated that water extraction was lower than expected - so whats stopping the restarting of the decline. Its taking a lot longer than previous 2 aquifers. If you were on the board at newmont - you might think development money better spent elswhere. They obviously dont think they will get a significant return for any further develepmont costs - otherwise why sell it...And we have no idea what any contract states regading payment for the development - so no point to speculate that newmont HAVE to continue. I would be pleasently surprised if the decline restarts in next few weeks - But I just cannot see it until the 70% is sold.
Property, plant and mine development, net -- $380m
Other assets -- $327m
Carrying value of assets held for sale -- £707m
valuation = £373m
Reclamation and remediation liabilities -- 207m
Other liabilities -- $127m
Carrying value of liabilities held for sale -- $334m
Of course the directors will do what is required to support the project. I suspect when that is done and dusted, they will have afforded themselves the opportunity to buy shares.
If your selling something to don’t stop all work and grind to a halt. What does that do to your value?
It is basically a long play...if investors have the money, the risk factor inside them and the patience!
If we acquire all of Telfer/Hav and SD and the BoD's long reaching in the Paterson and beyond, quest to get another strike lands...all bets for this stock are off!
That's my end goal!
All is crossed. If anyone can.....
All of this including the on-going cost of development will be in the mix, with Telfer liability, in the agreement to final price/royalties or whatever, they know all, and the team of Managers and BOD will ensure we are funded to bring home the GOLD, and be self financing.
HAPPY DAYS ahead.
I don't think it's a choice - they're contractually committed until they're not contractually committed (by divesting). It's not as though GGP have supplied 3 blokes, new crest supply 7, and now they're not going to show up.
I expect the decline to continue as it wa until a new owner is in contract.