Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I think this week's sp would be very different form the last. so many stop losses have been hit by that giant wick triggering a lot of buys. They must have panicked and pull the price down so quickly. I dont think they can hold it down anymore.
ATB
Proper link
https://www.tradingview.com/x/SsBaWaGY/
Hi, I thought this would be interesting to see. very unusual.
blob:https://www.tradingview.com/ab48e866-c1d6-4917-afb6-374f726d4f46
Cheers for the replies Ben & Red.
First the positive aquifer news and then the potential to avoid dilution. I’ve tried to top up when these de-risking events either take place or we get positive communication and will continue to do so GLA 👍
best way forward for nem is to say to ggp what price for everything in the paterson and take responsibility for everything in other words wash our hands of everything and walk away. i say yes 1$ and 300 million usd bond to cover restitution of telfer. ggp would have to use nem/newcrest design and engineering practices and mining safety manuals to run telfer and finish havieron as ggp will not have such a document/manual, one cant do the repair of the tailing dam on the back of a *** packet. dm
Well that’s a start Freddie, see it’s not too difficult to be a tad positive, is it. Chat later, as just taxing down to the runway. I’ll look out for you in around 20 mins when I fly by 😂
Freddie, it’s an alternative view which is ok, however I reckon Newmont will have it sorted in short order. I would reckon any maintenance will be completed on the plant whilst production is on hold and then it’ll business as usual. Meanwhile Shaun will be getting a few quid knocked off the price and Newmont will want it off their books even quicker.
Ha ha “ i don’t believe it” the sun not found its way to the west country yet lol hopefully we won’t have one foot in the grave before we get rich , good luck sir
Https://www.fxstreet.com/news/gold-price-rebounds-on-downbeat-nfp-data-softer-us-dollar-202405060411
Freddie, I do feel sorry for your family, having to put up with what I can best describe as a Victor Meldrew character 24/7. We’ve finally come out of a dismal winter and the sun has begun to shine. Any chance you might just change with the season’s also and put a smile on yer face. You never know, you might just like it.
Ok ok i know you don’t like to hear these things spade i apologise but we don’t know for sure do we
Freddie the only massive negative as you put it, is you.
It could also be a massive negative, they could make a decision change and take the hit and close it ! Where would ggp be then ? At least 5 years to build a new plant i would assume . Just for balance of course
Most people knew this already, but it's only widely being reported today, I believe due to the official 'WorkPlace' prohibition notices being issued.
Overall, IMHO, it's actually a positive thing for us, if we're in any negotiations with Newmont, since it's better it's happened now (and also earlier) rather than later, and can be factored more fully into those negotiations, highlighting in general, too, the risks & costs involved with aging plant.
Production at one of Australia’s largest gold mines has been put on ice for the second time in less than six months due to a crippled tailings dam.
A Newmont spokesman told The West Australian that milling activities were suspended at the historic Telfer mine in the East Pilbara following “detection of seepage” from a section of the wall at one of its tailings storage facilities (TSF 7) on April 14....
https://thewest.com.au/business/mining/newmonts-for-sale-telfer-gold-mine-in-the-pilbara-halts-production-again-over-tailings-seepage-concerns-c-14563896
https://www.businessnews.com.au/article/Newmont-pauses-Telfer-after-notices
What a load of Malarkey !
Don’t bother replying as your going straight in the bin, along with the rest of the rubbish.
How many times is it now that Zak Mir has also stated total ball-locks ? Way too many to remember !
Yes despite many complaints as I said the retracement is on, maybe is because some do NOT know how things work.
It went up from the recent bottom, and now had the retracement last Friday reaching 5.70p intraday low it was the 61.8% retrace I mentioned was normal any share with a rise is expected to have.
6 days chart of rise/ retrace and Fibonacci... https://uk.advfn.com/p.php?pid=chartscreenshot&u=1IHZzoWXHhyBxMMdj8iNCXhymAU59VN4uqD3QT0JyHs=
MasterRSI - GGP RE: 70% 2 May 2024 22:25
......"So far the retrace is 38.2%, the 50 or 61.8 % Fibonacci is normal."
This is what the sector has been waiting for... blow out results profit margins growing and reported
Time is nearly here
https://youtu.be/Zmo8R1wSGvI?si=DehUuBBWE1iPMh2H
Https://www.zerohedge.com/commodities/chinese-have-grabbed-gold-throat-capital-flight-accelerates
There was an interview with a rep. from the World gold council on Sky news business segment earlier in the week with Ian King. He explained that the Chinese gov have been buying gold for the last 17 months consecutively. He sees no slowing up either. Apparently the reason is that only approx 4% of their foreign exchange reserves are in gold. Where as many of their peers have a double digit percentage. I wasn't able to watch the whole interview but it was a great insight.
Chinese consumers are buying small gold beans 🫘 which come in different shapes and cost around $85 each . The Chinese central bank is swapping US debt for gold . It's creating a gold market that's behaving differently to normal. High interest rates would normally have a dampening effect on the price of gold . It all started with the freezing of Russia's foreign held dollar assets .
https://www.nytimes.com/2024/05/05/business/china-gold-price.html
Hi chelly
Like you say it seems as though he can get that and that was then!
He has a revised MRE since and probably another he could produce!
So in theory he could have an open cheque book as the saying goes!
All in my opinion and all that!
UP THE TOWN!
UP GGP!
Minnows united will never be divided!😊😊😊😊😊
Explain what that means DT and why?
Sheriff james don't be so naive , IOM registered business, DYOR
Hi Chelly - I think it underlines that Shaun will consider ALL his options and will not simply run to an equity raise through dilution. His experience as CFO with Northern Star and how they became a £multi-billion outfit is invaluable to us now. VGLA!!