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Guys, Lenigas’ involvement with GGP isn’t new. He’s been around, talking about us, buying and selling is since HAD05 hit way back when, which if you’d listened to the clip, you’d know. He was involved with Artemis buying the land next door too.
Not new and definitely not an issue. He’s been around the block and whether you like him or not is irrelevant, he’s knowledgeable about the sector and just another source of information to use as you see fit.
Haha Brilliant SureAs!! Lenigas is known for many things throughout his career but he’s definitely knowledgeable. Let’s hope he’s right 🤣😎
SD has already stated that they need to wait for ‘land approvals’ before drilling Ernest Giles. He’s always seemed very keen to get there asap, so no reason to think differently. It’s not as if SD or the board do any ‘drilling’ - they just hire teams.
“The Hunted becomes the Hunter” 😎✅
“From Defence to Offence” 😎😎✅✅
Great Sunday Roast again 👍
I’ve already emailed LSE and I think everyone else should too. This website now uses close to 100mb per refresh coz of the new auto-vids constantly playing.
We all need to email them to change it.
There is no rhyme or reason to SP’s anywhere at the moment. It’s all macro factors and bubbles (lithium & AI the current “in” crowd).
Most SP’s are at least 50%-75% down due to Macro over last 1-3 years. If it weren’t for that we’d be sitting comfortable around the 15-20p range (without any news) and there would be a lot less vitriol and moaning on here 😂
Depending on which way they want to go Chisler, you could say Skylar and Wilki Lake are between the two…might be helpful when moving all the ore to Telfer 👍
I think we’re all jumping the gun a bit with this Rio JV. This is basically them divesting their South Paterson tenements (much as we did with our Tasmanian assets) - this could be because they don’t have time as others alluded to it it could also be that they didn’t think anything of the info they got from their work on them.
In terms of Rio, Telfer “becoming key” to them, I’d say it’s the opposite. They’re happy to give up control of all those tenements round there to someone else. So if anything, I’d say Telfer is out of their minds (which in terms for GGP buying it ourselves, is a good thing - we don’t want anyone else interested in it). The JV itself is minuscule. A$1.1m spend required up to end of 2024. Pennies. And the whole JV has a 7 year window.
Great for GGP to get more land in “elephant country” but being this side of the JV as opposed to the other side doesn’t often lead to a share rise as we become the one’s liable for the expenditure. The opposite is always value enhancing because someone else takes the expenditure whilst the minnow gains from the work being done.
Personally I like the second RNS better. Banks have now accepted the delayed FS and are obviously happy with the reasoning behind it, which means we should be too.
Off topic side note: Be careful now using LSE website whilst on Mobile data. They’re updated site with the autoplay videos uses up a hell of a lot of MBs with every refresh!!!! LSE need to abandon the vids!!
Damn!!! 🤬 sorry Chippy! Best line on the board that 👍
And just to add to that long list of “terrible” stocks…most of them have been cross-ramped on this board over the last two years as a place “to make profit” instead of waiting here…that would have turned out great then?!?!
So many opinions, so little time to digest and read them…yes, things could have been handled better and we could have not had a massive M&A happening….but I’ll stick with my theory of Macro…Macro…Macro…and the stupid World we live in…
Just some followed by me and others…two year charts…
AZY - 0.059 to 0.015
RCR - 0.34 to 0.064
MDI - 0.13 to 0.041
COBR - 2.9 to 1.2
ECR - 2.1 to 0.37
ALBA - 0.29 to 0.10
ARK - 1.1 to 0.4
EUZ - 12 to 2.9
AFC - 60+ to 17.6
GCAT - 1.7 to 0.33
ARV - 0.10 to 0.034
NVA - 1.8 to 0.3
MGV - 0.4 to 0.24
AUT - 0.2 to 0.035
SIPA - 0.068 to 0.020
CCZ - 0.052 to 0.01
UFO - 1.1 to 0.42
WSBN - 19 to 1.87
EUA - 35+ to 2.4
SOLG - 40+ to 16.6
OMI - 21 to 4.3
CGNR - 40+ to 1.6
VAST - 10+ to 0.7
Some drops even more drastic than GGP. Can’t all be down to the CEO’s.
Times change and tides come and go. At least GGP have improved and moved forwards in nearly every department of “actual” work. We’re in a better position now than when we were in the 30s. (Only caveat is if the big boys are gonna do the dirty on us!!! But you can’t invest thinking the worst of every “big boy” otherwise you’d never invest in any company.
Good luck to all of us, no matter what we choose or are forced to do. “Still waiting for my little slice of history” (stolen line)
Wow Itsouthere! Are you actually championing EUA when their drop is even worse and more dramatic than GGPs. Crazy comparison to make 😂
Nice article Intraday but I can’t see Rio being interested in Telfer for Winu. It is way to far away to truck all that low grade stuff to it. If they do go ahead with Winu it’ll be a new plant, but that’s not to say they won’t want Telfer too, in order to try and lay claim to the whole of the Paterson.
The funny thing is that if Shaun had just phrased this morning RNS differently this might have all been avoided. Something like…
“we have no plans for any cash raise but even if we did, there is as much chance Of it being at a premium as there is to it being at a discount.”
I think that would have helped and is just as vague as anything that was written.
My point is that on current valuation, GGP is valued higher than SolG on assets and current ores (which it should be) - comparing the two by SP alone is a faulty thought process.
Let’s not forget that Solg mcap is around £550m and GGP is around £450m so not that different guys. It’s the mcap that values a company not the SP. So they’re currently valued about the same even though Solg has over 20moz of minerals.
The flip side however of that point Fred is that if we lost before all the good news and then it comes out whilst already on the ASX, then we could get a mighty lot of Aussies buying during the news heavy period. However, I would still like to list on the ASX without the need for consolidation. Maybe we’ll get to 12p (0.20c) in the run up, without the major news.
In which case Kevin, let’s hope it’s delayed, a bit till after all the news.
I like the way it’s been pushed back to September. Hopefully means that after the Newmont saga, August updates and possible DTM, we should be above the minimum ASX price of A$0.20c. So hopefully no consolidation (thumbs up emoji).
Another great delivery Liam and clearly SD enjoys his interviews with you. Ten times more relaxed and free flowing than the Proactive ones and most of the others we’ve had. Big thumbs up from me.
Somebody mentioned a while back about Newmont being a Canadian company and what with a lot of Newcrest’s assets being in Australia, I do think there’s some merit in the idea that Australia wouldn’t want all their most valuable and largest mineral deposits to be owned by a foreign entity.
We could easily see some sort of reshuffle with the merger where it’s allowed to go ahead with the blessing of the Aussie Govt as long as certain assets are sold off to A.N.Other Australian company, maybe even a new company created for this sole purpose.
Who knows? Maybe this was the plan all along, hence the Super Board and connections to other Aussie miners. This team could easily be capable of it and at the same time, afford to do it.
Greatloo-Wyland-Fortland-Greatesque?
I’ll let you guys pick the name… :-)