Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Bonds back up after decline yesterday. See Boerse-Frankfurt.
A quick nip down to close the gap at 22p and then the rise will start. Xmas is starting early ;)
Placing at 2.95 now down 15%. Another £76k lost to the ether.
The BOD will be aware of the shorters and will do whatever they can to get one over on them. The good thing is that BOD are to some degree in control - of reporting dates at least.
I agree it would be a simpler deal for Newmont so may make them tie both at an attractive (un-turn-downable) price. My worries are trying to fly too high too early - Icarus stylee.
I think we are going to get a steal here. Newmont will want these sales to go thru quickly so they can get to work on the real meat of their expanded portfolio, see Fury. That's where their real money lies. My preferred option is that we just take Hav. Less unknowns. Regis already have prior knowledge of Telfer (know there are pocket of gold that Newcrest never bothered with) and will see value and operational pathways. They will probably be able to value it better too. Yes we will lose 10% having to pay processing fees but I feel Telfer would be a step too far for GGP, whereas taking the whole of Hav feels more like organic growth. That said because Hav is completely tied to Telfer (and vice versa) I would expect the deals to happen simultaneously. So there is much to tie up and these complications will help cap price too. As I said I think we are going to get a fantastic buy in price. And if we do, investors (like Wyloo) will race to be part of it. My bet is sub $500m.
It's right at the tip of a wedge on the chart. I wouldn't want to bet on whether it'll go up or down when it shifts. Break out either way looks imminent though.
Yep barely a ripple of buying and selling today. Eqilibrium reached until news drops, or someone bottles it.
Telfer worth minus $750m on the balance sheet
Hav 70% worth $60m x 14 - $840m
We take both for $90m.
Newmont's balance sheet goes up $840m. Nearly half of what they want to clear post buy out of Newcrest.
Sorry since since Newmont's decision... not since Newmont's discussion
I haven't followed all the discussion since Newmont's discussion as other things on. Has there been a discussion about whether the processing plant can be bought alone? Not with the mine attached. The mine sounds a liability now - ie non profitable with a massive clean up operation. The whole thing is minus $750m on the balance sheet and a good reason why Newmont want to get rid of it. Do we want that? Could we not bother with Telfer at all and build a new processing plant for less that $750m. This would probably have less unknowns.
It's also the impact the slight reduction has on the other shorters. Nobody will want to be last out and seeing Helikon edging in the direction of the exit will raise eyebrows and pulse rates. Exciting.
He can pretty much buy the whole company for that now.
1% of company.
One of the shorters is breaking rank. Panic in the other offices.
What are the key takeaways for those of us not on telegram? Thanks.
Ridiculous spread today between buy and sell price, 4%. It's like they don't want people trading. I always thought buying when Mcap under 400m was a fantastic deal. Maybe last chance this week.
Means if the MMs want a market they have to put the price up ;-)
GLO, I'm up on my yesterday too. You can have them back for 85p. Many thanks.
Another 36 thousand shares off the market for the forseeeable future. Couldn't help myself.