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What's your experienced, whiley approach and thoughts then HJ?
I can’t get over that today’s news has been lost on here too quickly, swamped by negative idiots to drown it.
Most people seem to have glazed over with the announcement not really understanding it.
It’s all to do with obtaining the Heritage approvals and work can commence again after 6 or 7 years. That’s when the drill results were issued for Wishbone, Carnegie and Empress.
GH commented that they have found disseminated sulphides , they’re not as good as massive sulphides but indicating there are sulphide intrusions coming up through the basement so the drilling needs to be deeper.
Today’s announcement has highlighted the Banded Iron formation from one end to another that’s 50km yes FIFTY kilometres long of a mineralised structure cut through twice by 2 major fault lines.
Additionally the banded has 2 more Banded iron formations running parallel with the first which could add up to another 30km or so.
This is significant news.
Whats to worry about? We either keep our 30% - Buy it all - or get another partner who wants to progress and dump NEM who are stalling our mine. WIN WIN as CB said
This highlights how bad LSE is versus other exchanges. ASX anyone.
Nicepair, you explain what I complained about and now have to advertise
before more investors get caught . London South East, LSE, has to be named.
AIM Advice Board, AAB. That makes sense and is not confusing.
I was told to leave HL when I was in need of help.
On-line broking is a business without responsibility.
The FCA should be concerned.
Certainly worrying. Seems like everything is resting on the deal and lca. Of which we’ve had no news.
Jump Lad, jump and take the candle maker with you.
Wyloooooo
I do not think you are far off with that Z - wink wink
There is an old saying that the trend is your friend until the bend at the end. I have a small holding here and it is the trend that has stopped me topping up. Lots of potential but we devour cash until we go into production. I await cash generation news...
Blantyreboy - Does this chappie actually think he is in charge of a company that doesn't have any financial restraints.
Put simply - yes; when you have someone in the background who does not have any "financial" constraints.
Have faith dear boy.
The idiots are out today
Exactly - we have a massive overhead with no income
It’s a steam train heading towards a cliff edge
The share price in my view is completely dislocated from true funamental value. Drivers at the moment are uncertainty and negative sentiment, as opposed to valuation based on whats in the ground and potential future cash flow / value creation.
Shaun Day unfortunately has assembled a strong team who have proven to be ineffective. I am not sure what the BoD has actually contributed during his tenure so far.
We need clarity on Telfer and the construction / mine plan going forward.
These debates remind me of a senior Norwegian offshore manger whose English wasn't brilliant berating his management with 'These people in charge think I know nothing'
.............but 'I know ***k all.
How many on here know all?
@ Dipp666
Appreciate your response and efforts over the past months Dipp, however do have to say that everything has a price, and when playing for these stakes the wolves get hungrier.
GLA
Yep, heading down daily, relentlessly. No end in sight. 3 p coming.
A reminder of the predicted time line for those on the side lines who don't post on here often but read a lot. (from a post I made weeks ago):
---------------
My questions were actually put to SD and for that, I am grateful. The response was as expected, given SD’s sensitive circumstances, so ambiguity prevailed but enough was stated to provide me with a slightly clearer picture of the time line…
The dewatering of the final aquifer should be complete in H2/24. Being optimistic, I am projecting Q3/24. Once they break through this layer, he expects the remaining rock stratum to be excellent for drilling. The incline falls at 7 degrees with a vertical depth of 80m to go. This means we have approx 660m of decline remaining. Based on SD’s description of the quality of rock and my interpretation of previous decline average daily progress- I am going to assume 6m/day (which is above the average - to date).
This gives me 110 days of drilling and blasting from recommencement of the decline post aquifer. This places us mid Q4 on arrival @ the motherlode.
Ore will be extracted at this stage (production ore) and stockpiled for 6 months in preparation for feeding the processing plant at Telfer . Mass production of processed ore will then commence circa Q2/25 (FCF?).
(The SLOS will need to be constructed once the decline arrives at the motherlode in mid Q4 and this entails a further decent of approx 500m to fully establish a working SLOS mine running at approx 3mt/ annum).
----------------------------------
I have one unanswered question - even though the suggested aquifer problem should be resolved by August this year - that means 8 months for the cessation of drilling activities @ Hav.
IMO - it doesn't take 8 months to dewater. Something is afoot.
Again IMO - that something is NEM winding down @ Hav and negotiations taking place with whoever - to buy it out.
We could well have a new boss in August. Will it be GGP or Wyloo?
Exciting..........
Z
Speedy, why do you expect a lot bigger? Won't be anything >0.5% as this would have to be publicly disclosed. I think a more reasonable explanation for the share price being where it is, is uncertainty around our future and the possibility of further equity being issued should we attempt to buy Telfer, the other 70% or both.
No NTL.
That’s what my better half’s friends keep saying to her.
I'm no guru at this but interesting chart. A MACD Bullish divergence has formed since Jan/Feb with a tight channel down. Looks good but could retreat to 4.8 before a reverse.
https://ibb.co/q9D9Lwk
Predictions - Down to 4.8, up to 13. Retrace to 9 then up to 20. Continuing pattern of pullbacks before higher highs as gold comes out of the ground. 40p target for me. Down from my 44p target a few years back!
This has been one tough share to be invested in though I have found it very interesting as I've probably not be so engaged in a miner's unfolding story before. Bought more today at 5.6p.
JD was this comment directed towards me.
While having a coffee break - how's about this GGPers:
SD is preparing his empire - another drilling permit in hand - to add to the others. NEM exiting Hav/Telfer. Wyloo warming the bell.
So today's idea is this:
Fortescue (via Wyloo) funds Telfer and the 70% @ Hav. Keeps GGP onboard under a JV.
Wyloo does the mining and GGP continues with Hav/Juri/EG. Each time GGP makes a future discovery - Wyloo digs.
[This idea will self destruct at midnight tonight].
Z
Firstly, I will say that I am holding firm and will top up my holding (at this price it's worth the risk to me... DYOR)
That said.... Every town hall and web meet with SD that I have watched in anticipation, he talks about "we are here to create shareholder value".... it's ok building a world-class management team, and may have great potential (until ore comes out of the ground, that's all potential is) but what are they managing?
My better half keeps saying to me... dump it... it's not worth keeping...
Am I starting to feel like a frog in luke warm water as it boils and I cook to death... should I jump out?
We need some positive notions and movement from SD and "the management team" or it only gets worse... the RNS today is good, but wheres my shareholder value Shaun???
LL