The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
having worked in or around the mining industry in western australia (1982-2001 between stints in other industries) and gained extensive experience as part of a high level project team (jv han**** prospecting/iscor 1998-2001) developing a large iron ore deposit i can assure all and sundry that the time frame for hav's development (up until the newmont takeover) is extraordinarily quick. to give you an example the project i referred to (i will not name it as it will give a clue to some as to who i am) had its seed planted in 1996 and did not reach mining (by an mining major) until 2005.
for me newmont have been a "spanner in the works" from day one and i have said so at every opportunity. yes we have mining issues going on but i can assure you we would have been a lot further down the track (i include the aquifer issue in this) if they had of not shown up.
which takes me back to my original point being the speed at which our project had moved.
although my patience is being tested i have been around long enough to know that everything that can be done to get newmont out of the picture is being done as we speak.
i am looking forward to the pending announcement that will tell us that that has been achieved.
Mark - It wasnβt that long ago that if anyone talked of the possibility that GGP might one day own all of Havieron and Telfer they were considered by many to have lost their marbles.
I did way back (circa 2 years ago) and I suggested we offer them 1.2 billion and watch biswas ride off into the sunset.
Jersey - tis a serious poster tis our MH. If anyone knows them please send them some chill pills. Happy ramping greatlanders.
But on a more serious note not sure what all the fuss is about; it is highly likely that we mere PI's will be shown the door (with a party pack) way before this share reaches Β£1 or as MH would calculate 2 aussie peanatas π
You gotta have a laugh.
Speedy - I would not place too much stock in someone who does a calculation suggesting you can get 2 aussie peanatas for a pound.
POG 2500+ Re-rate on sentiment BOOM 2/1 $/Β£ BOOM 100% HAV BOOM; one for all the rampers π
Trader - Why did you add these comments to this thread.
"Another poster mentioned ASIC for companies like Newcrest, Newmount being higher. This is true as these companies have higher operating costs. It is why they need projects with larger ROI. Newcrest, Newmount can borrow larger amounts and at lower interest rates than the likes of GGP. They can afford to buy the larger mines with a greater ROI. The aquifer needs to be resolved. Costing time and money."