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Quote from a post on Hot Copper 41045155Defies logic that they still persist with Telfer given the quality of their other assets.....Probably an Aussie who does not do research but apart from the odd positive post Hav is hardy mentioned by the locals even though it’s well publicised in NC reporting.

Lightbulb, I do not understand your thought process when you say a lot depends on the gold price.
Ignoring the obvious that gold crashes to such a level it is not viable for NC to mine it.

TomE I respect everyone’s opinion but totally rely on the RNS s from the mining experts

Patience.
Patience is the key, and a bit of hope. There may be gold in the ground but until it’s satisfied through due process there is enough to mine then the risk element remains. You mining experts here may know enough by now regards the potential in the ground so should be relaxed enough.
The MMs have to take risk into account too. Not just on the positions they hold vs the potential in the ground but also the risk on GGP itself. Let them play their games and chill.

This is when the share price will move. Courtesy of Mickies post earlier today quoting GH
The current intention of both parties is that, subject to a positive Feasibility Study outcome, the ore from Havieron will be toll processed

3 thoughts on that statement!
1. If the positive trend does not continue having hyped it up, the fall back in SP will be more severe.
2. They probably already have a good idea on how the results are shaping up.
3. The results are positive otherwise he would not have made the statement.

And before anyone has a go, just living in the real world. Still very relaxed about GGP and see the SP recoiling like a spring. All part of the excitement over NC/Hav and evening more potential after today’s RNS

That should not happen unless they are running out of cash and having difficulty raising funds. That was the recent rumour on SXX denied by their board.
Always get twitchy when there are bond holders on board and a company is running short of funds.

SAND, my reply does not imply I agree as only responding to said scenario

Perhaps, but in that simple scenario in 18 - 24 months time the market will look beyond that timeframe and with zero value for other projects will price in the reducing cash balance whatever that may be.

Ignore the tweets positive and negative.
Ignore with respect, Beetham.
Market & Company announcements are what counts.

I never complain. All you have to do is think like a MM in both scenarios it’s exactly the move I would make in the absence of any news that would drive huge demand for shares or everyone piling out of a stock.

This was mentioned back in June regards Macmahon

A blended future?
In a note published during Macmahon’s trading hiatus, Credit Suisse analysts painted a Telfer future beyond 2023 as a one-train rather than two-train operation where 9 million tonnes a year of pre-screened low-grade open-pit material was blended with 2 million tonnes per annum of much higher grade ore trucked in from a new underground mine at Havieron.
Meanwhile, Newcrest is getting on with trials of an ore-sorting plant that can discriminate between high- and low-grade ore. Work so far suggests screening can triple ore grades, making viable the one-mill plan.
The Credit Suisse case for a Telfer’s blended future is based, in part, on open-pit mining costs remaining “consistent with the past two years”. But it is more than apparent that this is not a case Macmahon can afford to live with.

https://www.businessnews.com.au/article/Macmahon-optimistic-on-Telfer

Nice, just read this on hot copper and was about to
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04/11/19 09:30 Post #: 41229403
Nov 4 (Reuters) - Macmahon Holdings Ltd (MAH) :
CONFIRMS THAT AGREEMENT HAS NOW BEEN SIGNED WITH NEWCREST FOR INCREASED RATES FOR MACMAHON'S WORK AT TELFER GOLD PROJECT
EXPECTS TELFER CONTRACT TO BE CASH FLOW POSITIVE OVER ITS REMAINING TERM
REITERATES ITS FY20 GUIDANCE

Thanks Aandi I should have caveated I am not mining expert at all

That would be nice, 48,000,000 cubic tons yielding an average 3 ounces per ton / subject to the Waste Ratio

Agree something is afoot as this is not what i expected. Did expect it to get over the 2,and fall back into at least the 90 range on the results. So is this more severe fall back negative or positive.
Whatever it’s based on may probably be down to a leak ie on progress holes 19 plus. F bad news then would expect the volume of sales to be higher and the drop more severe.
I remain positive and this looks to me the market are flushing out shares on the cheap and the reason is either they believe news on drills is good or NC may be about to make a move. Chill

It’s fairly simple in my view and said it before. In the here and now
PI demand has been met.
Institutional demand for GGPis not for more than one reason ie Risk - Proven resource AND they would probably INVEST in NC not GGP
As demand has dried up AND the MMs hold about 15% of the GGP shares in issue most may be at the limits of their RISK allows them to, and that is reflected in the price quoted.
None of this will have any bearing ONCE RESOURCE IS PROVED UP.
Every thing points to that day getting closer. Chill

Hear Hear!! I am totally relaxed and will as said last night let it play out to the end game on Hav at least.
Possibly longer if other projects materialise or GGP gets bought out. Chill