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Hi MH01,I’m not trying to say building a stand alone processing plant is necessarily a better option to Telfer I am just saying from a negotiation situation it shows there are alternatives. I’d rather GGP had options than be held to ransom with no options.
I can’t know for sure what Newmont’s options are but I think they would rather GGP bought and used Telfer than build their own processing plant and Telfer be left high and dry for them to deal with. So it kind of balances the negotiating position, it possibly even helps puts GGP in a stronger position than Newmont.
Culpepper,
I do find it somewhat difficult to follow your postings simply because you never say exactly to whom you are responding to?
Why not try and use the more conventional approach now and again, ie @ Fred Boggs followed by your response, makes life so much easier Eh?
Culpepper,
Are you a fan of Father Ted by any chance?
A couple of town halls ago, Shaun did say something like “… building our own plant at Havieron would be a similar cost to trucking to Telfer …”
If we build our own plant we still need Telfer for about 5 years, we need to get into production ASAP. Question: How do we size the new plant, its easy just for Havieron, but what if we find new deposits in the location at a later date. If we oversize the new plant for potential new deposits and we don't find them then plant running costs will be too much and eat into profits. For me Telfer has everything we need and extra. NEM will know this scenario and will not be blackmailed for sure, they will put Telfer under care and maintenance and GGP will be out in the cold worth 50 usd/oz in the ground. No way José. DM
It’s in nobody’s interests to hold out for deals that don’t float. Mr. Day has been plain publicly on his intent, at one time offering more than independent valuation for 5% Hav, and the plan to bring it into FCF was to use Telfer. And Newmont want rid.
A deal will likely be done with somebody or somebodies including Ggp encompassing Telfer and Hav.
They start again at the table.
I remain unsure of the requirement around ROLR on other than a cash offer. I do not think, on what I have read, that Ggp’s access to Telfer is guaranteed by the Newcrest JV. Or that tolling fees are agreed. Just the context within which it was intended to negotiate them.
Plainly any partnership arrangement will see all ore going to Telfer.
And it seems to be Mcquarrie who will be filtering expressions of interest and advising Newmont on how best to proceed.
Don’t get me wrong I think and hope GGP will try and buy Telfer and that Newmont will want to sell them Telfer. But they’ve got to at least have a bit of fun doing the negotiation dance.
Looking forward to it all unfolding.
GLA
Any signed deal that officially gives us access for Telfer the SP doubles in a day........... 🤞
Arms length in the early stages. And in the end depends on who makes what offer and their ability to complete. Business. No ‘favours’ will be done.
So I think Newmont will be in expectation of Ggp coming forward with an acceptable plan around funding.
A double or triple from here would be welcomed
Ratboy - Fully agree. SP could even triple!! Of importance should the SP rocket you may be unable to purchase a sufficient number of shares. The MMs will most likely steer those shares towards the institutions.
My take on things, for what it's worth:
Telfer is nothing without Havieron, and vice versa.
Newmont will give them Telfer for pennies on the dollar, and Greatland will take over all remediation costs at end of life.
Newmont will take an ongoing royalty from Havieron of maybe 4-5%.
Just my guess, as good as anyone's I suppose.
Chartarex - Fully agree with your synopsis. Newmont will obtain sufficient monies and more from the sale of their 6 Tier 2 mines. Anything else is a bonus. The ongoing costs just to service the loss making Telfer will force their hand to sell their 70 percent share of Havieron. Both these assets are inextricably linked.
The last thing Ggp want is this being dragged out, alongside dewatering. Newmont are arguably in a better position in that scenario, but I doubt they’ll see much merit in being other than responsible partners whilst they remain so.
Is Telfer now running at a loss? I didn’t think it had yet come to that.
The Pepsi Method.
Shoot ones self in the foot and then enter the 100m !
Telfer was badly affected by ‘mispricing’ gold hedging. It’s possible that could be revisited. But I do believe that capex will be required if it is to go on beyond current mine life.
If you disagree any content, please say so. Or you just continue to snipe from behind cover.
I am sure SD and his board are vastly more qualified than some of the armchair dissenters on the discussion board, who may not even be shareholders!!! I trust they will make the correct decisions on my behalf.
Who do you choose to label as ‘armchair.’ You down Havieron or something? And dissenters?
Not me if I am required to say so. You will not find that in my posts. Neither I, nor you, know the outcome here on the current issues being discussed on a chat board.
I don’t think he’s sniping you are very subtle though…clever. You’re not even invested yet you co time to post every bloody day!
It’s true he’s firing blanks.
Blanks? Your mind is playing tricks on you again Pepsi.
They are right. You are subtle, always have been...and you think you are clever (lol)... Perhaps you are compared to your circle, that circle/hamster wheel inside your cage. So your issue is narrative and the fact you show your hand too often with realising. You are not fooling anyone apart from yourself and i know you know that.