Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
As we have known for a while we have gold equivalent of mineral resource of 8.2 AU eq. I noticed that from the small print it reads based off "gold equivalents (AuEq) based on assumed prices of US$1,400/oz Au and US$3.40/lb Cu". We are currently sitting on current prices approx. US$2300/oz Au and US$4.5/Ib Cu - Will companies raise the assumed prices?
Well I am glad I asked Bamps of his opinion/view earlier today for what it's worth. Just watched the interview, very positive few minutes of information we all had been crying out for - well done SD. Would loved to have asked him potential timelines on the water management and resumption of drilling. Can't ask for everything I guess. With regards to Newmont next steps, it was hard to tell from SD's words where we are most likely heading. However perfect reply, acknowledge Newmont with respect that he would be disappointed if they exit, but at the same time if they do, it presents a great opportunity for GGP. Onwards Greatlanders!
Thanks Bamps.
Freddie - I acknowledge we need the facts from GGP and co, sooner rather than later, but I only asked Bamps for his views, so all fine and well.
Thanks for the insight Bamps. So in summary what are the key next steps for them? If able would you have a rough estimate on timelines. I know people talk about the remaining stake of Hav and Telfer however I am more concerned about the state of the decline. We all had hoped we would have been close to the motherland by now, but alas this is going to take time. I do wish GGP would issue an update. (I know we are not the managers).
I noticed its ANZAC day tomorrow (public holiday), hopefully GGP will still get something out!
What day are we expecting MH?
Thanks for the replies. I am concerned of more dilution, therefore I would be happy if we are able to obtain a smaller stake in HAV than first thought but through debt as opposed to more dillution. For me I would be delighted to get ourselves back to somewhere reasonably close (80%) to our all time SP high but we have a long journey ahead. Just my thoughts
As we await for a much needed positive update, would be interested to listen to views about potential finance options to purchase the Teller plant and the remaining 70% of HAV.
With that POG, I wish we were 12 months on in our drilling!
To be fair BEIN, the 18th March RNS was "updated results". Cristina tweeted 2 days ago - "full updated data". Avacta's tweet was "full presentation update." All will be revealed or not on Tuesday!
Thanks MH01, although if the de-watering had been concluded and the decline recommenced, I would imagine that be worthy of a RNS.
Aside from next steps on what is happening with the remaining 70%, I would like to see an update on the de-watering and decline. Apologies if I have missed any recent updates, but we need to get the decline started once more and get to the top of the treasure. FS and DTM to follow.
To be fair GH ensuring that we have last right of refusal has certainly assisted our hand.
Definitely time for our Board to step up now and earn their shares! I have no doubt a GGP RNS will be out soon to calm a few key stakeholders and set out a pathway. Over to the BOD! In god we trust…..- sorry that was rugby!
"Focusing management efforts on portfolio of Tier 1 assets and emerging Tier 1 assets"
Still baffles me that we are not seen as an "emerging tier 1 asset", am I missing something?
Either we go alone now or in steps Rio!
Spades - I was fortunate to play the West course at Royal Melbourne GC which makes up 12 of the famous composite course a number of years ago - magical. Slightly off topic I know.
Let's been honest I don't think many of us, expected the SP to finish the way it did this week after we knew that data should be good at the beginning of the week. (no further updates on commercial success didn't help, I know). I just watched the presentation and as someone recommended if you start watching from 20 minutes in it's a fantastic watch/listen and certainly provides a level of reassurance after the week we have had. There are a number of highlights but I particularly liked that one of the patients (SFT tumour) will be looking to be treated for as much as 15 months, almost 4 times the normal allowed amount with standard dox dose - that is remarkable. Also they have evidence at higher dosage levels proving even better safety tolerability than at lower levels and more dox being released in the tumour. In summary listen from 20 mins to 39 mins - for shareholders well worth 20 minutes of your time if you haven't listened so far.
Wyn, if you don't trust the CEO and in this case Founder, you need to sell up and move on. You have been on this board for a number of years, back and forth with your views which you are more entitled to. However it's just rinse and repeat with your posts. So frustrating reading your narrative each day.
Logged onto see the reaction to the SP and now getting a German lesson, everyday is a school day, wunderbar!
Matty - I know you have been here a long time like myself. I remember posting not too long ago, if you were offered 33p would you take it? Not many said yes. I agree with MH01, given what we know and 20% dilution since then, 50p would be amazing but IMHO not realistic. If 33p came in tomorrow, I would be all over it and I think many of this board too.