focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I'm invested in Solgold as well but the comparisons are laughable in reality. We are in touching distance of the ore body and will be producing by early 2025. Solgold is a punt for me but whilst I would like to know my break even price with GGP will finally be held and massively surpassed (after several false dawns) the only cautionary niggle I have is on timescales and unanticipated cost pressures. The former should be resolved very soon and I'm hoping SD will demonstrate over the coming weeks that he's covered all bases on the latter
Remember too fellow investors that GGP will make more headline news going forward. Word will get out untarnished by "what if's" in just a few short months. Then it is all about value and credentials. We need to get the right deal but realistically whilst I'm in the camp that thinks this should go amicably, we simply have to call bluff on Telfer if it doesn't. Who would buy it if we walk off with Hav saying it is cheaper and with less liability to build out own plant? The planets are aligned in my view, I just hope for an early and smooth transition. Additionally it may not be a popular view and whilst I've said it before, more and more in this modern world environmental credentials and cultural sensitivity are key to unlocking doors. We are unblemished on that front and don't underestimate how far that will take us
Things could work out very well indeed provided Newmont are realistic and everything gets settled in a timely fashion. Uncertainty has been the biggest issue for us PI's. Once that is gone I hope the SP strengthens and has greater resilience. ASX follows from a more buoyant SP with the institutions then coming on board. One of the best things SD could say at the town hall is that the decline is going to be resuming. It would send a strong message to market that it is GGP who are going mining. I'm sure something can be worked out as part of the negotiation so that there is no unnecessary delay in progress towards the ore body. It is in no one's interest (seller or buyer) for there to be a hiatus beyond the derisking event of the dewatering currently hopefully close to completion.
If Newmont were asking fantastical money for Telfer what (realistically) would be the cost of going it alone and building our own processing plant? Surely without Havieron, Telfer is just a massive liability and so if Newmont have any sense it is pretty much gifted?
I can only hope that the divestment process is expidited because for Newmont to secure best value taking into account Telfer it is in no one's interest for there to be a substantial delay. Havieron needs to be mined soon. Hopefully the amicable relationships established from the outset in the JV will now bear fruit
Yes indeed Dip. Still holding everything and will be all over the detail as soon as we have it. Telfer for $1 would be nice
Indeed MH01. This was my first thought when I heard about the TH but I just didn't know what the news would be. We await the 5th with baited breath...
I'm not sure this works for my medium term objectives but will wait and see what SD says, what the timeframe is and how the markets react. Long term of course this is likely to be good news for many here
Just confuse things I thought he said higher volume but lower pressure than anticipated! Presumably lower aquifer water could be hundreds or even thousands of years on from when it first began to permeate the ground
Perhaps this means there will indeed be more certain news announced by Newmont on the 22nd?
Far from it Freddie. You're a bit of a broken record on that one. Citations are required. I can assure you that correcting you inaccurate assertions are easily done by almost anyone with middling intellect and in no way forms part of a 'gang'. It forms part of common sense
Freddie. No one was knocking the poster. Goggles asserted what Bamps is meant to have said and it was simply pointed out he didn't say it! Bamps even replied saying we are in a strong position with a smiley face so I don't know what you are here to stir? Additionally you keep saying you are disappearing until the next RNS but I take it its not how we commonly use the term... You mean you'll be back when "Really Nothing's Said"
I agree that barring totally unforseen circumstances we should be at the ore body by late this year (perhaps late 3rd quarter?). The DTM will hopefully already be there by then so in essence the major catalysts should have been declared. Actually production may well be 2025 but if the Lassonde curve applies to us at all then we are going to have a very consolidated uplift prior to that production.
I've been with Fidelity for ages and have never experienced buy or sell problems. With the likes of Fidelity and HL you also get very useful investment tools and charts etc. That said, much of that can be accessed for free on those sites while using a more basic trading site. We used iweb for my wife's ISA which is low cost but basic, but we have had to query a couple of transactions in the past.
Hi Sureasblazes, I completely agree and I've been doing exactly the same with my linked investment account 👍
We aren't too far off the new tax year so I wouldn't be too upset if the SP remains slightly depressed until the new ISA allowance kicks in. Of course that will be insignificant if Newmont make any confirmatory statements later this month
We have a legion of people on here used to digging their own holes so if they all put hand to shovel September quarter is doable. All hands to the shovel!
I agree. I am a sizeable holder at GGP and have been waiting to release funds. Not quite there yet but I've still bought in here at 1.78. Yes I know I could have bought a little while back for less but on recent news I've bought into the latest drop regardless of what's being said about 1.5. Time will tell. It's a small punt on my behalf
Thanks for the roadmap update Zoros. Depending on dewatering of the lower aquifer and completion of the vents would Q3 2024 not be more realistic for completion of the decline now? If so that might push back another couple of things by a quarter also. I still hope the FS and DTM would be almost instantaneous
I have an Ice-Breaker question for Liam's next Aim-on-air:
"Shaun, Chuff Chuff asks whether you have you spent 2 mins of your time like he has putting the phrase 'Greatland Gold Havieron Mine Depicted on a Britannia Coin' into and AI image generator? He has and the results are stunning". As a supplementary question, would you consider commissioning a commemorative first pour Britannia made available to longstanding PI's with x amount of shares?