Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Https://www.wickesplc.co.uk/investors/investors-overview/analyst-consensus/
On paper I think thatâs right. On what we know of the JV expressed as a Newcrest/Ggp intention.
Ggp uses measured terms.
â Subject to a positive Feasibility Study and Decision to Mine, Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer would de-risk the development and reduces capital expenditure.â
Https://www.lse.co.uk/rns/WIX/trading-update-for-the-16-weeks-to-20-april-2024-1rtccpa29k1ruhv.html
Slow. Overall expectations on profit unchanged.
Completion of the debt facilities and Wyloo Placement will enable Greatland to be fully funded for its 30 per cent share of the Havieron project development based upon the October 2021 2Mtpa Pre-Feasibility Study; and well positioned to be fully funded in respect of the Feasibility Study targeting an expansion to around 3Mtpa due in the December 2022 quarter
Buy 5%
https://www.lse.co.uk/rns/WIX/holdings-in-company-imztucl25rlgzng.html
I have no reason to be negative long term. It is a question of timing. I may be more cautious than others, and just for me it appears on this board, and I suspect others resuming the decline and getting whatever happens around Newmont disposals are factors to get out of the way.
Iâm not gung-ho, that much is true. I can afford to wait, and find how different people view it interesting.
However you look at it, any immediate challenge for Greatland, whatever might occur around Newmont divestment, is getting to mining, with the means to process the ore and get cash in to support mine development and exploration.
On price of gold, one might consider that the original bank prospective lenders, also subject to FS criteria, required some gold price hedging to protect repayments. I can easily imagine similar requirements for more cash from them. It should not prove onerous during full production.
Itâs pretty apparent that a good result for acquisitions and up to 100% capex for more than the market cap for a company with no cash to speak of and no income, would be to get the cash and pay for it after commercial production occurs. Itâs maybe a tall order.
The âheavyweightâ board has work to do.
Canât see the fuss. Authorities renewed at AGMs. Wonât have anything to do with terms on which any funding is raised, though there for later use if appropriate. In passing, itâs about the only way shareholders can own a bigger slice of the company without buying more shares - something Mr. Day may have been alluding to at one of the town halls which I think caused minor confusion on here.
Iâve often thought in the event of a raise Convertible Loan Notes may be one of the ways to go, alongside others - borrowing the cash from Wyloo or somebody and paid off/converted to shares at a later time.
Actually, a tad earlier maybe. June.
âThe Company expects to mine first gold in 2024 and plans to provide a progress update with timings for guidance for the project at an investor event in June 2024. First production guidance for 2025 will be provided towards the end of 2024.â