Member Info for Culpepper

Whatever on that. Ggp repeatedly say at the bottom of RNSs, ‘Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer would de-risk the development and reduces capital expenditure.’

I don’t know the technicalities. Probably nothing like that quantity, with a lot of waste turned into paste for infil. That sort of thing.

These things are apparently engineered for life. One wonders how many million tons a year can be added to them, building them up, and still remain within what is sensible. Having said that, it must have all been taken into account when Newcrest and Ggp earmarked Telfer for Havieron ore.

That £60m has effectively got them to where they are today, since been topped up by the further loan facility ( not convertible to shares when drawn upon ) intended as back-up to finance Ggp through this year ( on it’s 30% ) and so on.

The original £130m consortium bank loan ( for 30% development cost ) required an additional £60m equity component, provided by Wyloo in exchange for equity.

Old Doubting Tom name ( I don’t know him ) made £1.70 all-time. Allegedly.

Appears to me Mxc have Cloudcoco pretty much under it’s control now (for good or bad)

If the underlying business there, and indeed Tialis, does not give appropriate value through listing, they’ll strongly consider privatisation, as they did with themselves.

31st. December.

Closing cash position of £12.7 million (30 June 2023: £31.1 million)

Closing debt balance of £41.1 million (30 June 2023: £41.5 million)

I think ‘eye-watering amount’ is a phrase he used at a town hall once upon a time. It makes you wonder what it may be, a figure which posters don’t relate to Newmont’s 70%?

It addresses the issues that count. It is, in my opinion, why the price is where it is, reflecting the view of punters at large.

Resuming the decline will help. In the end, it is all about the money in the here and now.

Of course the directors will do what is required to support the project. I suspect when that is done and dusted, they will have afforded themselves the opportunity to buy shares.

It was 220m Australian (£130m ) to see Ggp’s 30% “well positioned to be fully funded in respect of the Feasibility Study targeting an expansion to around 3Mtpa “ . You have to scale that accordingly for development and add to any acquisition cost.

Master is talking daily movement. It’ll bobble, sure, but won’t have a clear direction until Hav/Telfer finalised. In my opinion.

Potential impending raise. Easy as that.

Https://www.wickesplc.co.uk/investors/investors-overview/analyst-consensus/

Https://www.proactiveinvestors.co.uk/companies/news/1046600/wickes-starting-to-look-cheap-city-firm-suggests-1046600.html

On paper I think that’s right. On what we know of the JV expressed as a Newcrest/Ggp intention.

Ggp uses measured terms.

“ 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.”

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.

It simply does not fit their own criteria as they look at their portfolio today.

They will obviously wish to offload development costs for the 70%, alongside Telfer. The ‘pause’ in decline may be opportune.

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