RE: Australia’s largest gold mines has been put on ice for the second time in less than six months6 May 2024 22:36
Can’t make up my mind if it’s a positive or a negative RE Tefler at this very moment in time. On the one hand it’s frustrating because it’s a vital piece of the jigsaw once Hav’s ore is retrievable (unless we build our own which would be expensive!!), so seeing it report issues is yet another frustration.. However, the value of Tefler as a
‘Product’ with all this negative attention could lead to much better negotiations for ggp, which could be great if we get it at a much better price (+others are less keen to buy).. IMO Newmont can’t sell it while defective so these tailings issues will have to be fixed (or with a sale caveat that they will be in due course post sale at the cost of Newmont) - you just can’t flog a horse
With a broken leg and get away with it can you?!
But yes, it’ll be interesting to see it play out.. In the mean time let’s finish the decline and get the study sorted! About time GGP had some good luck!
GLA