London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
@Blantyre "TmT; Not really interested what you would expect or deem to be Gervaise's thoughts. I am quite sure he is capable of making his own decisions."
If you speculate about his actions on a discussion board, people might think you want to discuss it. They might even comment as to what they think he might do and why they think he might do it. If you don't like that, you have several options.
1. Don't speculate in future.
2. Engage the discussion anyway.
3. Ignore the person who responded.
4. Filter the person who responded.
5. Snipe at the person who responded.
Congratulations on your choice.
Paddy, I wasn’t trying to say they will downplay results or hold back. It’s more about releasing Mre earlier, potentially giving a lower estimate. Is it a requirement for them to state what tier it is at the time the Mre is released or can they defer until more info is known?
In any case it will be up to GH and his team to ascertain what market value is, helped by independent consultants as you say.
@Antigua - I'm not sure it would be possible for NCM to do this, the 5% FMV will be assessed by an independent consultant would I would assume will have access to all the drill & survey data at that time.
TmT; Not really interested what you would expect or deem to be Gervaise's thoughts. I am quite sure he is capable of making his own decisions.
Here’s another theory, given that Newcrest is months in advance with results and in my view they will have already have an idea of the MRE, could it be that they will announce that Hav is a tier 2.
Telfer could then be classed as tier 1 to maintain interest. This could then be used to acquire the 5% at market value (playing hardball as hydro says)..
Then down the line Hav could be upgraded when further results are known.
It makes good business sense not to jump straight in with a tier 1, if that’s what we have.
"Gervaise not coming out to play today?"
Not sure why we'd expect him to. It's NCM results. They talked about Hav in general terms but didn't give any new drilling results or make any specific announcements about Hav. For GGP, it's pretty much the same as any other day, I think.
When it's time to tell us something about Scal, we'll hear from him, perhaps not until then.
Apologies guys, double dunted.
ATB
Gervaise not coming out to play today?
ATB
Writing Monday’s RNS perhaps ?
Mkt Cap is £500 million. A one-off $339K (AUD) fee is hardly significant. Less than £200K.
Biggest issue with this is it would create a mess of the inheritance tax planning of some PIs on AIM.
Gervaise not coming out to play today?
ATB
All foreign companies list on LSE/AIM for exactly the same reason and all companies list for the same reason too.
That’s an interesting take Hydro, perhaps it’s more about trying to make Telfer look better than it is rather than downplaying Hav. After all Telfer has got to tick along until Hav potentially starts producing.
Newcrest's report very much focussed on calming the market about short term prospects given that Telfer has limited life without further gold. Very clear from his comments that they are investing now for the future and that Havieron will become a major part of restoring near term growth imo, along with Red Chris of course.
Managing Director and Chief Executive Officer, Sandeep Biswas, said “FY20 was a year in which we
invested in the future. We invested $1.3 billion to acquire Red Chris and increase our exposure to Fruta del Norte
and a further ~$400 million to progress our organic growth options and on exploration. We further strengthened our
balance sheet to ensure we are well positioned to deliver our near-term growth options of Havieron, Red Chris, and
Wafi-Golpu.”
I'm a great enthusiast of Spanish football and have spent many an evening watching and listening to the endless analysis, and counter-analysis from the patrons regarding their favourite teams.
Seriously, it is just like it on here. I love it!!
It's just a matter of time before Newcrest and or Rio Tinto makes a play for GGP, I don't see any other outcome IMO.
It would be nice to know what GH thinks of that. Was SB downplaying the value of Havieron and do I have to listen to potential suitors to get full value or do we have a tacit agreement subject to .....
Or a signal that haverion is tier 1
Blow a puffa value??..not sure what that means
Here for the long haul with my current holding
Didn't you feel that the presentation and wording was designed to put GGP in its place somewhat? Thereby, reminding us that we are the tail, not the dog?
The telling moment for me was when SB remarked that Telfer will be helped by Havieron to re-attain Tier 1 level. That was a distinctive 'status' signal of a different kind. I.e Telfer first Havieron second.
Could be that the downplay was a prelude to a forthcoming buyout offer or maybe SB was a bit 'there's more to our business than Havieron, doncha know'.
Lets be sensible... a Tier one discover has a definition....Havieron either is a tier one discover or it isn't...declaring it one doesn't make it one if it doesn't meet the requirements...the initial MRE will determine valuation along with any upgrade to the MRE once the 80Km of drilling is completed by the middle of next year. The MRE will also indicate whether it is a tier one discovery or not or not...the available information makes it more likely than not that Hav is a tier one discovery...
Plenty of upside from here on Havieron alone, then there are the other licences as well.....
GLA Keep the Faith and Patience...
Thanks for the input guys, it’s great that he still puts us front and centre along with Red Chris in this update considering he will be a month or two ahead in drilling results.
Also, which one of you is Omar? Lol
Feck this for a game of soldiers. I'm off out now the dreadful, stultifying, stupefying, crushing heat has subsided...have a nice WE all
If Newcrest have to purchase their last 5% share of Havieron at fair price (if I understand that right)it’s understandable that they will want to play things down and not excite the market too much.
Antigua, i assume because the ore will be processed at Telfer once Havieron is mined.