Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
Still holding around 1M shares average 1.8p, just holding for the buyout or holding to become a miner. Tick tockā¦.
I bought Ā£3k for my ISA earlier in the week. I've got another Ā£10k's worth on my main account that are well under water, but I'm confident of making a large profit in the years ahead!
GLA
Like paint drying waiting for this š¤£
Just for information. I Topped up a few minutes ago. I'm definitely in for a penny, in for a pound.
65,000 shares at 6.11p on HL, cost Ā£4000.00 It brought my average down from 14.85 to 12.81.
Nice observation as always Chuff - thanks!!
Shaun said āwe have 8.4mozā ( of course that is the equivalent value including the copper) he never mentioned the jv or a partner.
At the time of the PFS mining plan 2mt scheme the starter mine was only 8% of the ore body. The Eastern breccia has grown considerably since and the resource hasnāt grown in % term to keep 8% the same.
The starter mine is a tiny amount compared with the orebody as a whole, so yes there will be a lot of resource updates to come.
Shaun mentioned the copper price increase, I would have liked him to have described how that affects the resource size which would have been beneficial to most shareholders. This copper price is used in the gold equivalent formula to formulate the quantity, so any rise has a positive effect on the 8.4mozeq.
The gold price rise has a direct effect on the valuation of the ore in the ground, so a lower cut off grade can be used making the ore above this grade economically viable and therefore increasing the ore body size, also the internal dilution is reduced.
JD - thought you would get more out of your cricket reference š¤£
Mind you the English do not like to talk about the cricket much these days š
"Our sharehoders should feel really confident about the opportunities ahead" is the line from the interview to stand out for me. SD is well aware many people are carrying a loss or have at least had paper profit eroded at the current SP, to say we should "feel really confident" is not a subtle message, it is as clear a signal as he can give within the confines of ongoing negotiation.
Great post again SAS - thanks!!
What a lot donāt seem to grasp here, especially the ones who are constantly whinging about what a bad job SD has done since taking over from GH, when we were at an ATH, is the fact that, back then GGP still owned 70% of Havieron, not the 30% we currently hold. That fact alone is the main reason for the demise in our SP, not SD.
So I can only assume that once we get to own a larger piece of the pie, whether that be 51%, 70% or even a 100%, that in itself should give us a large uptick in our SP.
Investors should be asking themselves this question !
How much would it have cost for GGP to get Havieron to this stage in its development if Newcrest/Newmont hadnāt come in and backed the project in the first place ?
I suspect we would of been in the same position as we were in 2019, just like Solgold are now, with no date ahead for even thinking about mine development.
The fact that Newmont have decided, thanks but no thanks, yet again, imo is fantastic news for us. Inside of five years we are within touching distance of extracting the shiny stuff out of the ground, and all I see here is folk with absolutely no idea, constantly whinging. Give your head a wobble ffs and tell all of us here just what youāve achieved in the last five years. Probably Jack 5hit !
Patience grasshopper Freddie2. It will take as long as it takes and i personally don't mind a month or two more than anticpated.. Theres a certain irony to it taking a little longer and i will leave consider what that means for you and your peers with your pretend shares. As regards POG and 70% we do not own...Really? Think about it !
A hastily done deal is not normally a good deal, time is on our side!
Just my opinion
All the best Ben
Meh, whatchagonnado eh? I expect the team are probably aware. You should email them though just in case they hadn't thought of that.
Yes getting the deal done asap will be best IMO
Surely theyāve ironed out some preliminaries by now! Must be ready to announce soon!
And ???? We want to get the deal sorted sooner rather than later , then gold shoots up to 3000 and beyond , we rocket
Whilst the gold price elevates our value of produced ore it also enhances our value in the ground to potential buyers / sellers yes.
So the sooner a deal is struck clearly ,the better.
The negative value of Telfer to certain parties however , is a lever in our armour. Imho
Yes. And?
I imagine it would be somewhat relative.. While the raised POG may mean a higher price, it will also hopefully increase the likelihood of a favourable funding arrangement/loan (or whatever) as it makes for a more attractive and investment.
Weāll find out soon!
Wont the high gold price also affect the price of the 70% we dont own ?
Sounds like there is further resource upgrade potential from the middle of the ore body where there has been to date less focus on resource expansion drilling and modelling.
Day highlighted that the high gold price significantly boosts the value of Greatland Gold's projects, especially Havieron, which is noted for producing superior economic returns throughout various market cycles. With gold trading near record highs and a substantial resource base of 8.4 million ounces, the company is focused on transitioning more resources into reserves, enhancing their value under the current pricing conditions.
Additionally, Day pointed out the concurrent strong performance in copper prices, which also benefits Greatland Gold, given their assets include about 20% copper.
Looking ahead, Day expressed optimism about the gold market, citing upcoming interest rate cuts and ongoing geopolitical risks as factors likely to support higher gold prices. This environment, he believes, will be particularly beneficial for gold companies, including Greatland Gold, which is well-positioned to leverage its significant gold inventory and favourable Australian operating conditions to enhance company valuations, especially in a strong USD and weak AUD scenario.
Just seen GGPs LinkedIn reference to the interview - they are certainly raising awareness via every media possible.
Good interview from SD, NEM announcing next Thursday and expect something from SD. Shorters will try and make the most of today and early next week but I just added another 100k as confidence growing IMHO.
GLA
Forgot, that during the interview he didn't mention NEM, not one word? DM
Did you notice that SD during his last interview yesterday stated many times that WE have in Havieron infrastructure going forward and again twice WE have 8.5 million oz gold and don't forget WE have the copper, was he hinting something good is in the works? A very positive interview, we await a positive RSN very soon i hope being next week. DM