RE: Instos churning7 Nov 2024 17:26
Itâs changed, a lot, but in the way most posters here prayed for,m touting the benefits of accretive acquisition.
As I said before, great corporate moves donât necessarily benefit piâs in their timeframes.
Bluntly, judged in financial terms, as it stands, Ggp is what it can make of Telfer until, is it 2027, so say. ( Newcrest hedged too much gold for better profitability, as it turned out. An elevated gold price may be of particular importance there, for Telfer.
Anything else is capital expenditure. And thereâll be capex to extend Telfer, I think, after the stockpile.
As I see it, Iâll be told if wrong, the Havieron moneys for developing the 100% interest wonât be released until FS. Easy before to blame Newcrest for âdelayâ, on that, wanting additional aquifer data. So Iâm not sure of the extent to which Havieron can be progresssed prior to FS and bank satisfaction.Largely down to Telfer until a satisfactory FS completes.They need to get on with that FS, and at least reassure the markets following change of total ownership, 100% capex, and so on.
I generalise, itâs possibly no more than most piâs can.
The admission document is out there, completion is anticipated, and so I think the knowns to date by the company are factored in.
Thereâs no great enthusiasm just now. As per Cornfield v. Rick Rule, actually.
The way it goes.