RE: For clarity9 Aug 2025 12:20
One perspective, is that this particular share seems to have been treated, on this board, by the ‘ overenthusiastic ‘ as a share which cannot be expected at times to retreat in price. Regardless of recent events, Macquarie, and so on. Bigger the expectation, as posted, the harder comes a little dose of, what in sp, is realism.
Realism, moderation, is all I have ever espoused, on the share. With inevitable on here, results.
The original strategy, as far as I can see, road to Havieron, remains intact. Though apparently, some no longer see it, or for personal reasons sell, despite stating it has always been a longer term process to get there. Telfer, was, and is, a derisking exercise to secure Hav production for the original 30% Hav, no control over Telfer, and so on. It’s now fully owned, and contributing to financing 100% Hav. Just possibly, it could pay for it. Maybe easier if delayed - though nobody here would, I think, welcome that.
I think they have, at some planning stage, to consider how through hub and spoke, utilising more of Telfer processing capacity might be achieved. No doubt they are considering whatever opportunities might exist.
And my bet is the current Telfer outlook is pretty conservative, and will at least be met, with increasing Telfer mine life. It’s an opinion. You think what you want.
There’s no operational disaster here. Plan ongoing.