RE: This week20 Dec 2024 14:39
Just my view. Most will disagree with me on here, I guess. It’s not rocket science, anyway. Shorter term earnings on here for Telfer seem assured, probably not amounting to FCF across the company.
Seems the broader thoughts may be relevant to most, according to sp movement, concerning earnings from Telfer, offset against capex on Havieron, 3? years from commercial production.
Ggp was never foreseen as Telfer, alone, but needs must,for obvious reason, and long term strategy of self assuredness and growth. It will become accretive. Nobody said it would be from day one. Companies make it plain, if that’s the case.
I don’t think immediate revenue is the factor here, more noises as to the continuation of it til Havieron is providing commercial ore.
Just now, sp looks like jury’s out and undecided. You have to watch the sp for the common view, what3ver the conspiracy theorists on here might day.