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Magic
The oNly point you miss in your excellent post is the prospect and likelihood of a bid for GGP. At this price level, this could happen at any time. And it will rerate us to a higher level regardless of the outcome. That is a short term aspect which could benefit traders and investors alike.
WOW
The net present value ("NPV") using an 8.33% discount rate for the underground part of the NKT project is $1.2bn under the WAI price forecast and $1.7bn under spot prices. Work on the open pit part is in progress and the NPV of that part will be announced separately.
*rerate
Poker, I bought back in anyway. I thought too cheap at 3.1. Has to retake to around 8p minimum. Probably more. This is good news. Shame no meat on the bone. But as you say, Confidentiality probably the reason.
No name mentioned. No revenue mentioned. Very strange:
There’s a very good reason for this raise. And that is to facilitate the bank funding. Multiple term sheets on Shaun’s desk. No doubt the conditions require a higher level of cash.
Expect news of a significant debt funding package very soon.
We will all be looking back on today as a turning point.
Have a look at Phoenix copper pxc if you want to consider investing in the next eua/ ggp.
Probably the most undervalued, under the radar share available. A ton of news around the corner. 10-20 bagger more than possible.
Great well informed well researched telegram group too.
Going back to a topic where BiggL was trying to convince everyone that the NPV discount rate should be at high corporate lending rate levels, people should note that Pretium use a 5% discount rate in arriving at their NPV on Brucejack....which will probably equate to well below the 4% used by GGP on Hav when the 24% premium paid by NCM is taken into account.
Learner - page 12 of the featured presentation you’ll see the AISC’s
https://www.pretivm.com/investors/presentations/default.aspx
Pretium’s AISC is around $1,100. GGP’s is around $640. Very crude, but if you add a conservative 50% to your $800, apply to a very possible 10m Oz resource, then we’re looking at 12bn USD for HAV, or 3.6bn USD/ 2.6bn GBP for our 30% of HAV. We’ll just have to wait a while to prove it all up.
Velcro
Rather than speculative with pure conjecture,
I prefer to go by what has clearly been stated by the board in their most recent RNS...relevant extracts below. I believe therefore that a sale is still on the table and we will find out soon.
“Proposal received in May for the potential acquisition of substantially all of the Company's assets. Since then, additional interest from other parties is being considered by the Board”
“In May we received a proposal for the potential acquisition of substantially all of the Company's assets and the Board decided to focus on this potential asset sale. Since then, we have seen additional interest from other parties. We have attracted top talent and top tier partners and advisers to prioritise and execute our strategy.”
Captive business origination pipeline valued at £1.5bn, across 126 prospective clients (being the potential value of inventory to be monetised over the Platform).
Total Investment Advisory origination pipeline valued at £750mn
Regarding the GC statement, of course there will be a material risk if the business plan does not pan out. That’s why we are invested here. For the risk reward.
If you’re believed in this business and that they will deliver them the rewards will be HUGE!
If not, then why are you here spouting your negativity. Sell and leave.