We have the only processing plant so makes sense someone else has the expense of drilling and proving up then coming to us for Toll refining should they hit anything.
11.5m buys V 3.5M sells and they find it in their hearts to move us up 1.3%. Blimey talk about Grinches, they need to let this go finally. How much longer are the corrupt b=ggers going to hold this back.
Strange sell as it coincided with the 1st October date, wonder if a company in Oz had bought into GGP then had to sell on that day so they didnt hold too many shares
Telfer restarted on the 23rd September so our contracted two weeks of runing is up, so could be today we get the RNS that its all ours and we become miners. Let the rerate begin. Good luck all
I think the MMs are going to move the SP around as they are all over the place until SD announces the deal is finally over the line. Thats what the market likes certainty at this moment in time we still only own 30% - WAIT till we own the LOT
Overall all things added and considered - IM MORE THAN HAPPY. RNS hit as I was boarding a plane for three days away working - typical. But read up and looked at the deal and after getting over the shock 30% discount to get Telfer 100% Havieron 100% and 8.5% of Antipa plus Juri back all for $425M as we have paid back the 50M in the deal I think SD has done us proud and I hope it turns into a monster company in the near future especially with a couple more elephant finds that can be processed in OUR Plant with no tolling royalties to pay. Plus the icing on the cake is the Ore left for processing and the Telfer ore in place should cover the $425M easily from what Ive calculated, so its a freebie nearly :). Lets hope Telfer has a hidden gem or two - Cheers all have a great weekend