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It’s just a chat amongst chums, Joub.
It’s interesting. Some can at least try to see both sides of a discussion.
Being pragmatic, I think answers usually tend to transpire to be somewhere in the middle.
Posting (juuust enough negativity) everyday from someone that’s not invested isn’t normal unless there’s an ulterior motive, which you’ve had from the get go. Think most people know and see u as harmless just getting tedious now
White man speaks with forked tongue.
Someone likes the sound of their own voice, day after day!!!
Let me make my personal position clear though I am not obliged to do so. There seems to be interest in it. There may be others who do not make their positions clear.
Following Wyloo, I had an average of 8.2 . SP seemed to be moving against, so I sold 10p - 9p. Something around there in tranches.
Punters seem to me to have been concerned with a potential fundraise, and the effect of that on the SP, pending mining, FCF, and accretion. So they been selling.
I am on the fence. I do not mind, actually, which way the SP goes. I think there will be money to be made later.
Fundamentally, I await clarification, before possibly rebuying. I won’t be alone. But were I in at this price I think I would be holding, with a fistful of dollars to take advantage/put things right.
Have a good day.
Come on peepers admit UR still in love with this share's story. What price RU back in - you should now have a "tidy" profit from your last position to reinvest.
Now that is spooky. Must have been reading my mind peppers.
Enough’s enough - back in the greenbin for Culpepper - he’s blown his chance of freedom with his continued subtle negativities each and every day. No time in my life for negheads so this time he will stay permanently in my greenbin - I commend the same action to others as he is no friend of GGP, he has ulterior motives imho!!
Culpepper your position is very understandable. Tig did the same, sold GGP, money in dividend shares, waiting for clarification before buying back. No problem at all. The obvious point against that is if GGP announce news that is amazing and the SP pops up a long way. Easy to say that in hindsight after ground breaking news. So you decided to sit on the sidelines and wait for further news, that’s fine. We all hope that news will be mega!! And GGP will finally lift off and the Lassonde Curve will be in play.
I put some more in another miner which is so far working out as a worthwhile punt, and a load in Newmont - not for the divi though. Pathetic. But buyback coming from divestitures. I think it’s safe, trading up and down though. Not going to make a fortune there. Not for a bit. And it won’t be a fortune anyway.
And I got enough on one side for any opportunity here. As you say, I may miss an early boat..
I wish those holding good fortune. It’s deserved, in the scheme of things.
Hi All. Being out of this stock and waiting for news is asking for trouble and has the potential to miss the boat completely. Many times have i been watching a stock waiting for the right entry point only to miss the big rise and not being ably to buy or locked out due to suspension of trading. One day soon, for many many reasons, this is going to fly and if "you aint in it you cant win it". ATB Speedy
Cull pepper clarification of we stay as we are winner, we get bought out, winner, we buy the rest of hav winner, we buy hav and telfar winner.
Get them while you can at these stupid rates
Good luck all true holders new and old
And to add with any of them the stick could het frozen frm trading whilst being concluded, and come back at triple or more
Napthman - GGP could move from being an explorer to a mid size mining group overnight. It is mind blowing.
Ive been in this since 1.4 -2.2 days what a journey and lesson when i should have sold some at 38p.
But yes its all to come. In my view worse case 30-40p if we get taken out 50-80 as we are + another decent discovery £1+ And if we get the lot god knows.
And if Telfer is too bigger risk that nobody wants it? Then what?
Afternoon All I hope you are all well!
To answer that question ‘if nobody wants Telfer’
Then I would imagine we get paid to take it , or they will have to pay massive costs to close it and decommission it!
Either way we should see the benefit!
All the best Ben
@Tinners
You've hit the nail on the head there. On it's own, Telfer is too big a risk.
To make it saleable there needs to be some upside.
The only (potential, we still don't have a DFS and decision to mine) upside is ore from HAV, or rather their 70% of HAV.
So, not an easy sell to a 3rd party.
However, if they do find a 3rd party buyer, we have right of last refusal on the 70% of HAV (maybe even the stipulation in the JV re processing at Telfer at cost + 10% being preserved!).
So any 3rd party buyer could negotiate right up until we walk away with the whole of HAV, leaving them with a processing plant and problematic ore production at Telfer!
This is why we get the cheshire cat smiles and very excited execs!
We just need to work out the final price, what is included (legacy JV's + shareholdings in the area), and sort out how to pay for it - Simples!
As you would expect, there’s bits on Telfer, stats, throughout the Newmont Annual Report. (I previously found it useful to learn for my own purposes Newmont do not hedge the gold price)
https://s24.q4cdn.com/382246808/files/doc_financials/2023/ar/newmont-2023-annual-report.pdf
And, for example, a small summary of mine infrastructure at Page 56.
Best of luck.
Hi All I asked a question last week about the extra FCF with every $100/oz increase in the POG. Well, on the basis of a few responses we are now anywhere between $40/$150million a year better of since last week. I wonder what the real FCF will be when the POG gets to $5000/oz in a few years. The profit potential of GGP is truly mind blowing. ATB Speedy
I want the price of gold, precious metals and strategic metals to go up. Does make me wonder who’s going to afford it though at some of the future prices being touted.
Hi CP, Newcrest hedged 75% of Telfer gold production to cover cost of the last cutback and now Newmont is paying the price and making sod all at Telfer at the moment. Not sure how long the hedge was for but at least 3 years i should think. Hedging is normal in the PM to ensure a minimum price, farmers have been doing that for hundreds of years. DM
If gold gets too expensive, then they buy silver. Silver always moves after gold and with more volatility and percentage wise much more than gold, that is the time to sell silver and buy gold as silver always reduces more than gold at the end of the cycle or bubble. DM