focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I'll make enquiries with Fidelity as I can't find anything on their site and they are not on the GGP Chat list
Although on paper Hav/Telfer may not be top of the list when it comes to making a decision on retention (or otherwise) by Newmont, the business case in expediting a decision on the JV in this case is very strong in my opinion. A substantial delay would be financially damaging to Newcrest in almost all scenarios. Furthermore GGP is going to be a growing force in the region for many years to come and there would be no merit in damaging future working relations, not least because SD acted with integrity throughout a process that in many respects stifled our SP as Newcrest fell silent. The broader industry is watching and Newmont (as does GGP) have placed great store in being ethical in employment practices, in community relations and in many other areas. There will be some investment by third parties in ensuring that Havieron and Telfer are developed "the right way" both as a regional employer and a custodian of the land they operate on.
Well said TT
Very soon we may have extra interest from former Newcrest (very soon to be Newmont) investors. Although the vote went through with a big majority there was significant disquiet from some PI's who felt somewhat robbed of their roots in an Australian based company. Now if I felt that way and had the sweetener of some boosted Newmont shares from 6th Nov I wonder where I might move my money to? I ancipate there might me more buy ins to the GGP story very soon...
Tbh I expected more pullback today so the resilience is impressive. It bodes well for when positive news breaks
Even the BBC is reporting on warning signs in the bond market this morning: https://www.bbc.co.uk/news/business-67262339
Gold will increasingly come to the fore for both PI's and II's
I'm ChufChuff chuffed
I know not everyone's in this position but it's genuinely gratifying to see people's break even points tumbling on a daily basis. More will follow. The odd blip here and there but the momentum is with us
Thanks Dip
Yes guys it is still win, win or... well... win
Perhaps I'm over thinking this, but whilst a pause is inevitable to derisk the project further in relation to managing the greater than anticipated water volumes in the lower aquifer, is there a sense in which this pause will coincide with confirmation as to which company (or combination of companies) will be advancing the project? I'm thinking why would anyone want to spend increased sums derisking the project (albeit for greater assurance of safe continuation to assured profits) if they may not ultimately be benefiting from the derisking excercise? I do wonder if there may be a clue that this pause may mean the project may not continue as a JV? Havieron may not be Newmont's greatest priority but in terms of what they consider as on the list of tier 2 assets I would hope the decision may be made sooner rather than later. Wasn't there something about these assets being assessed and going to a review panel in June/July 2024? Surely with pressure on Telfer along with the spend on derisking the lower aquifer with a new or revised water management plan there is an imperative to get this decision made sooner? I don't really take a view as to what Newmont will do, more that surely the derisking strategy will need to culminate in a firm decision as to whether we (GGP) are going to become sole owner or still engaged in a JV with Newmont, or even with a new JV partner? In my mind a confirmation of any of these events will bring further rise in the SP as confidence grows that we are going to mine. If we are to be bought out for this eye watering sum on the other hand then hopefully this also coincides with great news on assay results elsewhere.
Back in profit for now at least. Perhaps for those of us who bought in high, the opportunity to buy down at 6 (to those of us who were able) will trn out to bring even greater reqards. Nothing is ever linear but we aren't far off the 6 month high and then we have to go back 14 months for these levels. There will be some profit taking no doubt but there's a lot of interest out there. GLA.
This would be good for me DunkBiscuit. Beyond more generalised investment funds, two of those (including GGP) represent the biggest holdings in my portfolio and I have high hopes and a lot of confidence in both
I thought we might have an 8p cose today. A good foundation to get this over 9p before the 6 months anniversary of when we were there last! GLA
Well Colin the squirrel who begs to nibble on my nuts every morning told me it was going to be eye watering. I swear I heard a twang of an aussie accent this time
Of urse not summit. My other investments are still there but inevitably as I averaged down a greater weighting went into GGP than first intended. The bonus is that any up ticks now generate significant uplift but I have a much broader portfolio which is doing ok
We are a fortnight away from it being 6 months on from the 9.2p high we attained before the erroneous leak. It would be great to be at 9p again by then. From reading various opinions it seems like quite a few like myself have a break even in the 8-9p range (mine was higher but has dropped since). Obviously there are many lth's who are still multiples in profit whilst others are still in need of a greater climb. I remember feeling 6 months ago that 9p was going to be the new floor but we got bitten. Hopefully by early November it really is the new floor and we head towards Xmas feeling relieved (and dare I say lucky) that our investment provides us and our families with greater security in an ever more unstable world.
there greater bull**** in the aquakid than originally modelled. depressurisation work continues and the bull**** will evaporate long before we hit the ore body
Decline not define obviously
Some of the spin being put on the words "Through this approach production can be brought forward to enhance the value of the asset" is just embarrassing. Some are literally interpreting this safety delay as bringing forward production. Just ridiculous. What SD means is that the overall approach to Havieron has been to be ready to hit production early in anticipation of the eventual DTM. Quite simply it is why the define has continued apace for all this time even with uncertainty about who will get the stuff out of the ground. The reason being? All parties will be winners with this huge asset.
Equally some of the more negative posts are off the scale as well. There will always be a challenge that requires a slight rethink. If we were to speed on regardless imagine the news of there were a mining disasters. Come on guys, it's disappointing to hit a snag bit it will be overcome. I do however find the interpration of SD's words as relating to this specific event as embarrassing. It is word management on SD's part and it has been misinterpreted and wrongly spun by some here. Let's have some perspective from both 'sides'. I do agree that positive RNS's on other drill results would be very welcome indeed.