Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"Its essentially a bankable document - this piece of work provides the necessary detail for fund managers and industrial investors to make significant long term investment decisions."
I guess it's the (hopefully) buying actions of these parties which are going to drive the SP?
Bagpu55 .. I think they couldn't get the rigs they wanted for Scallywag at the time .. though I may be wrong !
My earlier post about the 4,2moz not being feasible to mine and being announced in September to allow people to buy cheap has been removed. Why and does LSE not inform you if they remove a post?
@lenz @Burleigh
Thank you both for your reply's and the reassurance. I was a bit confused why they didn't drill below 400m at Scallywag knowing the orebody @HAV started at 420m and now they have to go back there instead of just drilling below the 400m on the first visit, didn't make sense to me.
Newcrest have been moving heaven and earth to be able to mine Haverion and get ore feeding Telfer ASAP - this will produce a very nice revenue and profit stream for them - with a relatively small capital outlay - and this income will fund the building of the deep underground bulk caving mine that Haverion will almost certainly become in time.
They will not do anything that would affect their reputaion or company image - they already have 70% of a very probably tier 1 mine for very little cost - in my opinion they will be happy for GGP to be able to grow and succeed here.
GGP still have a lot of very nice 100% acreage that they may fancy a part of - if there is exploration success.
Shareholders here just need patience. Yes I wish I'd sold some of my holding in the 30's - and bought back now - that was my fault. Still not sold any of my GGP shares - and bought some more yesterday. Long term investment for me.
Bagpu55 . Why in heavens name would they attempt to do that .. when GGP get the same info they do, and how do you think their standing amongst the other explorer/miners would look, if they were found out to be sandbagging ... apart from that if they were buying shares they are getting them cheap just now without underhand tactics .. you are way off the mark with that idea ! And it will be a viable tier1 mine .. everything in the public domain points to that even experts expect it !
Agreed HYD about “ tide turning big time “ it’s palatable
Monster Buy
If there is only going to be a marginal increase in the RE let's hope they are thinking along the lines of; be good to get over the
5 million oz.
GLA
Hydro, your informal A Team are making some really accurate predictions, goes for Bamps and our 'Eye In the Sky' Paddy too :-))
Also, have to say that Spy's 'tips' have been solid too i.e Lake Havieron, Teach etc. so am looking forward to August too.
I think people who aren't from a corporate background don't understand how critical these studies are as you just detailed to Glitter........
@LoggyLogbot - I also seem to remember that Shaun did mention that a very small amount of the later infill drilling will be added in for the PFS. That would be very nice, but I am not expecting it to be a huge amount. The driving force here at the moment is Telfers need for ore. Newcrest just want the regulatory hurdles out of the way to get the mining started.
ATB
i actually think those 15 holes we are waiting for hold something interesting
Shaun's message on the PFS is that it will be based largely on the existing initial MRE, but some infill drilling will move it at margin and increased confluence in categorisation of resource. Main objective being to support the rapid start of the decline in advance of any studies and also help to define what can be mined in the short term .
He has also stated it is about getting material into Telfer from the High Grade SE crescent that contains a lot of ounces per tonne, to generate free cash flow to reinvest back into mine development.
He then added that all the current drilling could be reflected in the DFS and following this we'll probably get optimisation studies. He's told us to expect 'graduating studies' from the PFS onwards (to support the fast start) and the following studies will increasingly reflect a larger understanding of Hav, better outcomes and increases in resource size.
Hi Sojourner, I can't remember where I read/heard it, but I'm sure that somewhere it says that due to some of the infil drilling there may be scope to pad out the resource estimate by a little when the PFS is released ( based on the same area ) - I'm happy to be corrected, basically as I can't remember!!!
@Starbright - In your point 1 you state, "If the PFS says that there is far more gold than anyone thought". The purpose of the PFS is not to outline the potential of the ore body, but to to demonstrate that the proposed project/programme is sound on technical, economic, social and environmental grounds, for the previously reported 4.2Moz.
ATB
Starbright.....very well said.
IF the markets already 2nd guess the content of the pfs......and there are no changes to that content on delivery, then muted it shall be.
However.. remember this... there is evidence streaming in to suggest that the current volume at 4.2Moz Au is very underestimated. NCM do not throw 100's of millions of shareholders money at a dud. There is an end date. Production will happen. This is cast in certainty.
When this arrives..the SP can only move in one direction.
En route , the pfs could and should incrementally start that process. MRE's too.
This SP is only going one way. It is timing which might be your enemy.
Z
Genuinely appreciate the responses
At the risk of stating the obvious, market reaction to the PFS will be driven by the interaction of two factors:
1. The content of the PFS (ie what it actually says) not just by its arrival. If the PFS says that there is far more gold than anyone thought and it can be extracted cheaply with minimal environmental impact, the subsequent market/SP reaction MAY be very different than if the PFS is is less positive.
2.Market sentiment/expectations at the point the PFS arrives. Remember (always!) that markets are discounting mechanisms reflecting the future prospects of companies, The price at which a share trades is the aggregate view of market participants, some of whom will be optimistic about the company and some who are pessimistic etc. Very much as we see reflected on this ‘board daily.
Market reaction to the PFS will be driven by the interaction of these two factors at the point of delivery. If prevailing sentiment is poor and the PFS is fantastic then expect a major positive re-rate. If sentiment/expectation has built and the PFS disappoints, then expect a major correction. A good PFS against a background of positive expectations, or a poor PFS against a low expectations will lead to more muted SP action.
The important point here is that market expectations at the point of delivery are as important as the content of the PFS in shaping how the market/SP reacts. Major changes in SP - “re-rates” - occur when there is a sudden dislocation between expectations and reality. A recurring theme on LSE is inexperienced investors wailing when companies deliver positive news but their SP’s don’t rocket as expected. This is (nearly) always a result of those investors failure to consider and assess properly what is already “in the price”.
Hahaha mushroomkid.
I can confirm , being in a job is the plaice to be
GL
That'll be Lemon Sole then..... to go with the chips? :)
Hydro, zoros
Once the PFS has been completed Iv seen a few post on here which state nothing will still change but I’m not one to believe this. Think the PFS will confirm to the market although we already know that this mine will be mined and surly this will start the uprise in Sp. am I missing something or just derampers trying to keep a lid on this ?
'Get a job GG its good for the sole.'
GGP investor Chippy9 can vouch for that.
We certainly can't be accused of lacking staying power, that much we DO know for sure.
Potentially biggest find in decades (seemingly) and yet we keep heading down.
If this continues I'm going to have to think about employment.
I'm guessing no-one knows for sure!!!
Hi all I post very very little here but check in most days, its a lively B.B and as a lurker its easy to spot the difference between investors with clear knowledge , investors who believe in ggp and just the trouble makers.
I'm a investor of approx 5-6 months , my average is 21 and I try and ave down as and when I can. I add very little here in knowledge but thanks to a lot of you here I have no doubt my investment will pay handsomely in a couple of years , I'm prepared to wait longer if I feel it will be worth it.
Anyway my question to the gurus here, the P.F.S I believe is coming up in September, does anyone know roughly how long this process takes , and do you think as expected all will be well and good this could be the cause for a jump in the S.P , I notice all the other news we get tends to drop the price but surley a good P.F.S can't be ignored.
Either way I'll still be here , just wondered what the expected timeliness is on this.
To all the regular posters keep posting and I'll keep reading
Regards