Member Info for antigua18

Not sure I share you view on Starbright. Always has a negative slant on GGP.
In particular I don’t understand their view on how expensive Hav could be, are we not in touching distance of the ore body to which the project becomes largely self funding.
No doubt the person is very knowledgeable, but comes across as slightly arrogant and begs the question why they invested when they did, if they even did, given the risk they point out.

So question is, if the 70% plus Telfer are up for sale, then is it best if our partners buy it or GGP take it on with the possibility of massive dilution but total control?

DH, it’s a sad state of affairs these days that black humour is dying out, can’t say anything anymore without offending someone.
At least some of us still appreciate a bit now and again.

Panama, morning to you too, your right of co**** that it’s going to be mined by someone, whether we own 30 or 100% as the project is to far along.
The resource upgrade and FS/DTM is of little concern to NCM as they hold all the cards on the timings, but to us it’s all transformational and needed for us to grow.
I know it’s only a matter of time but I’m fed up with our so called partners dragging their heels in this matter.

Panama, until the DTM is given then technically no one is mining, which I assume is why NCM are playing silly buggers.

DH, At least then it would be an open pit. Lol

It could be argued that NCM could be misleading the market or shareholders. They are building a mine in every way, along with all the associated costs, yet are refusing to rubber stamp the project. Indeed they were very vocal up to the 5% negotiations and have now gone totally cold over any enthusiasm.
It’s like me building a large extension on my house that’s nearly finished and telling the neighbours I’m still considering building one.
Every man and his dog can see what’s going on, so why not be honest and release all info.
It would require an act of God for this not to get mined now.
IMHO

Totally agree Jiffy, if our BOD acted in the same way I’d be annoyed. Luckily GGP seem up for a fight should a similar scenario played out.
It will be interesting to see SD’s reaction tomorrow and in any subsequent interview to gain an insight as to what may be going on behind the scenes.

Jiffy, what would be the point of any games on NCM’s part seeing as their fate seems sealed, unless they have handed the batten for the potential new owners.
Must admit I never understood why Newcrest allowed Newmont access behind the scenes, unless they are hiding stuff. You would think they would have told them to go away and come up with a serious offer or they will not engage.

Something just doesn’t add up here. A predator circling and they still refuse to sing about Hav. I hope and pray it’s because they are offloading it to us behind the scenes.

If the big boys aren’t responsible for the shorting then could it be our former resident board member Beets, he has the muscle and the form.

Although we have no idea what the total 2023 divi will be, we can assume it should be at least 60p.
As per results:

For 2022, the Board proposes a final dividend of 60p per share to be paid on 5 May 2023 to shareholders on the register on 14 April 2023, following shareholder approval at the AGM. This dividend is the final and only dividend in respect of financial year 2022.

•

For 2023, the Board's intention is to at least maintain the 2022 dividend per share with a view to growing this over time. As previously announced, payments will be made semi-annually and the Board intends to pay an interim dividend in the second half of this year in relation to 2023.

My hope going forward is that they pay a small special divi, as and when the market allows now that they have reset the dividends to more manageable levels. Fingers crossed!

My understanding is that upon death (before 75) the beneficiary has two years to take a lump sum, tax free. However, if the beneficiary decides to leave money in the SIPP and elect to take an income then it’s treated as tax free and the two year deadline doesn’t apply. From what I read it doesn’t necessarily mean you have to take the income from that point but instead take it when you want. The emphasis being, I presume, that whatever the person decides, the lump sum or income, you have to declare it before the two year rule. As Trotsky says, moving funds from a SIPP to an ISA make it liable for IHT

It’s also important to point out things can change so check before making the big decision.

Wouldn’t it be easier all round if CP just raised the cash to buy us all out, then long suffering shareholders can move on once and for all and he is free to do what he wants.
5p per share or similar?

Regarding JPM, they will have their greasy manipulative hands all over distressed stocks. Total leaches maximising their gains!

Indeed, they have a strange strategy and if I were one of their shareholders I’d be annoyed. If they are up for sale then why conduct it behind closed doors. Why not update all your assets with latest results and tell the world, at least then you would potentially get a better price or a bidding war. As it is they could agree a price without the shareholder knowing what exactly they will be voting to give away.

Big thank you to all the town hall attendees for sharing, gives a valuable insight to SD behind the camera.
We can’t underestimate how important his willingness to engage with the humble Pi, not many top men would be so accommodating.

Funny that the share price has been under attack recently and members of the fudster brigade tag team are out in force.
The familiar whiff of desperation is in the air.

I’m sure Bamps will defend himself but I’ve never seen him try to mislead anyone.
Don’t confuse him with some of the mischievous characters that infest the board.

To be fair CP I thought the same as Bamps as we moved from exploration farm in JV to a mining JV which was clearly a change of event, unless the terms were moved across.
Perhaps someone can get definitive clarification on this at the meeting tomorrow.