Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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JPM know that when the great depression 2.0 kicks in they’ll be able to close their GGP shorts sub 9p and Gold/Silver shorts to boot. Thats when the monetary reset will happen. After the entire equities, housing, and bond markets dump a further 20-40%
Not reflective of GGP whatsoever, but the panic in the overall markets will take everything down just like March 2020.
On a separate note, interesting article on Russia and the BRICS participants ending the LBMA/Comex manipulation…
https://www.zerohedge.com/news/2022-08-15/russia-proposes-new-standard-compete-rigged-london-bullion-market-association-lbma
Great news speedy about mrs speedy. Nothing more important that the health of family and loved ones.
ATB
Hi All. Mrs Speedy is doing well and expect her to make a full recovery.
Debt is a dog. A poster stated loans come from bank deposits, no they do not. The likes of JPM press a button, create funds and charge interest on the created funds. Nice work if you can get it. Debt raised for speculation is risky, is Hav a speculation or a certainty? The more the risk the higher the interest on a loan. Mining is at the top of the scale for risk and any debt raised will come at a high cost. Most investors are against dilution for cash raising but if the original investors are in on the raise it is better than debt. The criminals at JPM or any commercial bank will not hesitate to loan us funds and then demand it back, at a bad time for, us as per the contract. We should avoid too much debt and concentrate on organic growth. With first ore in under 2 years organic growth is a given. ATB Speedy
Rosso no I don’t think so , if that were the case we would of dropped today
90m shorted tells me that JPM et al know something we don't. Are they looking for sub-10p? Newcrest news tba in the next day or so might offer an explanation.
Ok not aggresive maybe a bit condescending lol
The problem I see, is that most people haven’t a clue about money & finance.
It’s not their fault, because it’s something they have never been taught, and will never likely be.
Freddie I cannot see how you get aggressive tone out of spades post; for the most part he is correct and and he put it well.
Yes rosso apparently its over 90 now
Spade ok but you were basically saying no one has a clue , just seemed your normal style , good luck tomorrow btw
All looks highly promising but the question mark hovering is why the global crooks have dug their claws into ggp with up to 80m shares shorted?
Freddie, what aggressive tone ?
And for your information, I haven’t played today, but will score well tomorrow, just for you.
ATB
Correction. 60 - 20 -20 leaves $20m still available from the HLA
Spades, you didn't read it properly and obv missed out the key word "huge" in jumping to conclusion. Fact is that GGP is going to have to find near on $100m, which is a big ask for debt finance coming from a consortium of banks. $10m, $15m is neither here nor there, but $100m is a tall order.
As for loan payback, the HLA is split. Facility A $20m certainly has to be paid back out of the $60m. That leaves $40m. Of the $30m provided to take GGP up to BFS, lets say $20m has been drawn down to date.
That leaves the Co. with $10m + whatever cash remains from the placing. Still going to be needing to raise $80m. The offer to buy back the 5% for over $60m is indeed indicative that the Co. is not facing any kind of cash crisis. Can they get through to production and revenue early 2024?
Spade once again no need for the aggresive tone , obviously you didn’t card well today lol
Why is it that to most people here DEBT is a big NO NO.
The world runs on debt, loans, mortgages, vehicle purchases etc etc etc, and surprise surprise they even lend it out to companies with gold under 420m of cover.
Its how banks operate. They take the masses money, then lend it out at a premium, to what they pay us for depositing all our money with them.
Don’t get hung up about debt, debt is good not bad, and used properly can be the best decision someone can make.
Without debt, how could any one of us afford to purchase a house.
As long as you can manage the re-payments, it’s not a problem. And I’m sure as eggs are eggs, it’ll not be a problem for GGP to take on debt to fund the development cost, no matter what we borrow.
How do millionaires become millionaires. By borrowing money that’s how.
The problem I see, is that most people haven’t a clue about money & finance.
It’s not their fault, because it’s something they have never been taught, and will never likely be.
If you have 50mins to spare, then check out this link
https://youtu.be/aDheNy_Swbk
It may help some of you understand debt and how to use it.
They will included it in the full year results on the 19th
By all accounts — nice play on words there sharky but agree
On that basis then, why haven’t they already announced their intention to buy?
If NCM do not want the 5% they would have turned it down and let GGP find the funding not mess about with the 30 days. NCM are our partner in this JV .If we cannot finance our share of the mine it will slow everything down or even put the project on hold until we can .This is not what NCM want .They need this to run as fast and as smoothly as possible .
It’s just a shame some of you aren’t in charge of finance at GGP……real experts, by all accounts! Lol
Of course you can get a bank loan and a secondary charge over the 25-30% asset, especially if its a Tier 1 Gold mine with NCM and Telfer down the road. Could you imagine the Bank Manager going to his Directors saying yeh I refused them the Loan because Newcrest own 70%. Its not jsut about this loan its about the potential borrowings in the future hence why banks will be falling over themselves to loan on such a massive find and with a first charged massive company like Newcrest
James I wasn’t saying that i was saying it wouldn’t help their credit rating in the way you were saying
Banks will always lend on profitability and low risk. There is a danger NCM will try and hamstring us by refusing the 5%, but that’s a risky move in my view as to my knowledge they need the extra 5% to gain total control over the project. Given the low ball figure for this, would they then risk losing it all together in order to gamble on getting the full 30%, especially given NCM’s conservative/cautious approach on things.
How else were we going to pay it off?