Member Info for Chuffchuff

Freddie. Say that someone owns a nice 4wd jeep that tows a trailer. You have 30% ownership of the boat that sits on the trailer, the jeep owner owns the rest. You have long wanted to own the boat because you want to go sailing on your own but you need a jeep and trailer to get you to the water. Then the lot is put up for sale. There's a deal to be had because you own that 30% that no one can get their hands on. Trouble is the owner is selling some prestige motors that he's prioritising. Now you can say you really need the boat to go sailing in as much as you want but would you be to blame if the seller has decided you are not their priority yet? If you throw a strop then you'll never get that boat to yourself. It's pretty basic stuff Freddie, with any sale the timing of a sale is fully in the owners hands whatever you may like to think and however frustrating it may be.

Now regarding the ponds. I have long felt that there may be politics at play. I could well envisage that the potential water management needs were understood quite some time ago but that it's been a matter of convenience that there's not been a huge push to expidite the permissions. Time will tell. If the deal is announced say in two months time I doubt we will be waiting long for the decline to restart. Again, frustrating as it may be the bigger picture is all. The delayed timescale has certainly pushed back some of my own plans but I work around it and chill. I've no concerns about SD or the board

IF the decline was ready to be resumed does anyone have a ballpark figure for two or three months costs? Setting the primary deal aside I just wonder if this the one area where SD could apply some leverage. Resuming the decline would obviously put us closer to production and profit and therefore surely reassure existing shareholders, potential shareholders or indeed others that may be associated with financing a deal. It is the one and only thing I have a bit of a niggle over as we are after all still in a JV. If it's not ready to resume then it's not, but otherwise time is money. I suppose the only other thing afoot is that it is part of the deal whereby Newmont remediate Telfer and provide certain guarantees, whilst it is agreed not spend on Havieron. Yes I'm only thinking out aloud nines. I'm allowed to. A fig leaf of news would be quite nice even if I get the reasons for radio silence on the rest of it.

If a deal isn't pretty imminent then I'm sure leverage will applied regarding any delay to production if the delay to the decline is rooted in anything other than works that need to be completed for a safe resumption. The possibilities are endless but given GGP are the current partner AND heir apparent to Telfer there is no benefit to Newmont in stifling GGP's route to profit. Of course there are trade offs between Newmont's spend on the tailings dams, the stockpiled ore, the financing (could Newmont take a percentage of Havieron gold on a diminishing percentage basis as part of a deal?). The scenarios are endless. It will hopefully work out soon although I will personally be a lot happier if there is a high degree of confidence that the tailing dams have a permanent fix before the deal is done. Whilst I continue to anticipate limited communication during this critical phase I do acknowledge that something will need to be communicated regarding a resumption at Havieron should negotiation on the deal become more protracted.

Oh and "your pick" not "you're pick" . You can say "you're a pick" not "your a pick"

Ah, phycology - the study of algae. You are familiar with these low-level life forms?

Not referencing anyone in particular here but I'm very struck how intellect bears no relationship to wisdom. As for emotional intelligence, some posters are like an open book and probably ought to seek some kind support programme rather than expose the fragility of their damaged personality on a board such as this.

I've not watched or read anything either, but if 'bids' for Telfer was said, it could of course refer to differently framed bids from GGP with various permutations and not necessarily be referencing another bidder. Been waiting long enough for me to wait patiently a while longer not caring too much about very short term SP variations. I'm realistic enough to know that even when a deal is announced there's enough anxiety about Telfer for there to potentially be a lot of volatility for a bit. I'm ready for it. Now a well known board contributer sold with a view to assessing the deal. My own stance is if I had sold I would have had to keep the cash immediately available rather than invested in other shares. Imagine having to wait on settlement to then hurriedly buy back into GGP. What a nightmare. Holding and averaging down if you've been able to is in my view a more sure-footed way of seeing this to the big upturn I fully expect. My skin is in the game and it will stay there whether it be days for news, or weeks, or even months. I would of course prefer days.

It tickles me slightly that an ailing wealthy Victorian would channel their money into a crypt, whereas for us modern folk it's into crypto. How times change eh?

I think that's a good point Barna. Personally I always felt this was enough to fend off other bidders. Time will tell

My order would be that news of Telfer processing resumption breaks followed by announcement and detail of the deal where GGP are declared all in owners. Shortly after SD announces the decline at Hav has resumed. We then list on ASX. After then who knows? Some JV's close to Telfer? Breakout exploration results from other tenement? The good thing is we remain explorers with ambition. No forecast can really take account of the unknowns here

Agree with Dip's 15.33 post pretty much 100%. Echoes my own position on holding. People have a right to take a different approach but I think people invested know the risks Culpepper. You can sell to buy in later with impeccable timing but it rarely works that way. I've averaged down during the long waiting game. I want to be in it when the catalysts occur. My money my choice. Even if there's dilution if all the other catalysts are there you have to have nerves or steel to think you will buy in at the right price as it will rocket up in no time. In other respects this board has got toxic, but I have to say Culpepper you have brought a lot of it on yourself by treating seemingly anyone still invested as fools. I wouldn't wish the levels of ill on you I've seen written today but for your own sake chill the hell out and take a break and give the rest of us one

Culpepper I used to agree on a fair bit of what you used to say (I have Don Durrett as a bit of a whacko too - but sometimes these players whilst not entirely across the detail of the brief still make money off the scent in their nose and that's kind of OK but not a recommendation). Trouble is 'we' suddenly became 'you lot' because if we are led to believe correctly you sold because you don't think GGP are good in the medium term but we may come good in the end. Good for you. You sold, your money is working for you elsewhere (Newmont for one). But the price range we are holding at isn't that far short of your sell is it? Good luck on getting back in but is there not a risk of a share suspension if news hits? Perhaps we get funded by someone having a cut of the gold, perhaps we have a bit of M&A activity. We have an awful lot of prospectivity on our doorstep. You have taken one route, yet those of us who hold have taken another. If you aren't thinking of getting back in please state clearly why you are here. To save us all? Nah I don't think so. Waiting on the terms of the deal think you may say. Well we are all here on a bit of a flutter but some of us have it covered. Any sensible speculator does. Please be just as active on this board if we 3 bag with out you and then move on to Don Durrett territory. Will you join us at 15p, 20p? Still a lot to make after then I believe. Many of us have averaged down rather than sell. It's ridiculously hard to buy at the sweet spot. Good luck Culpepper. The sweet spot might have passed unless you ouwitted us all

Hoping for a share suspension when the deal breaks just to shut out those who tried to sell this down before buying in

Meant to add the Solgold rns link (this is not a solg ramp BTW it is about the construction of a finance deal relevant to our industry:

https://www.lse.co.uk/rns/SOLG/us750m-financing-package-for-the-cascabel-project-3vgptbmzj6g65pm.html

This 1st Aug date coincides with the one reported in here where SD has requested all employees make themselves available for a conference call doesn't it?

With reference to the Solgold deal they've constructed it in such a way that it based on a decreasing percentage for the gold. The copper revenue is untouched.

Good place to round off. Everything and everyone can be either wrong... or right. The SP goes up and goes down again but pretty much stays the same... Breaking news... There is no news until there is news. Does having a Groundhog day every day for another week cost me a week of my life or gave I gained a week by it being the same? So much learned... so much forgotten. Bring it again next week... at least there's the footy... unless that is a repeat too..

Well Doubting Tom you can stick to limp salad leaves. I've got more investment incoming into Mrs Holder's baps and it will be meat not salad I'll be slapping in them

Mr Day ran the town bakery. He quiety grew from one-time apprentice to Master Baker through hard graft. People used to bring their own dough to the bakery as his oven became a thing of repute. Most people asked Mr Day to bake a simple loaf of bread, it would only serve the family and that's as far as it went. One day Mrs Holder (known to her friends as Cher Holder) did something different. She asked Mr Day how to use her dough to make a profit. Master Baker Day knew the answer. Everyone loves baps! Master Baker Day divided Cher Holders dough into the most perfectly formed baps. It seemed counter intuitive, the baps looked so small until Mr Day worked his magic and got the rise going. When those buns emerged from the oven they were glorious! Cher Holder's baps became the envy of the town. She held them proudly as she walked from the bakery to the railway station (that's when I myself first discovered her baps). Boy did they sell. If she had stuck with one loaf it would have all been over so quickly, but with Mr Day's acumen and Cher Holder's preparedness to take a calculated risk her baps became the talk of the town. People couldn't get enough of them and they both did very well out of it indeed.

You're right Spade. Although I didn't add a pound sign (and many sites use that decimal format for pence rather than to indicate pounds and pence the mention of 50p was an error on my part which led to that impression!) In other respects the ratios still apply.

Agreed Culpepper, but additionally I would add that people often have a disproportionate fear of dilution when in reality the bounce back on the SP can be swift, and in the event it comes with other news (all the catalysts we know about) it won't seem like dilution at all. Quite the opposite.