The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
The discussion about dilution, accretion and shares outstanding is very illuminating as it tells me immediately those that understand finance and those that don't. I would filter anyone who doesn't understand as it brings into question all their opinions relating to a Solgold investment imo, but as I haven't seen any posts by someone who doesn't get it, I am assuming that I already have. So my judgement appears to be spot on!
RK, not sure why anyone would do an offtake deal that could be cancelled on them.
$4.58 a pound is $10,097 a ton.
Sirmark, could you explain what you mean by 'selling forward'? Thanks.
Morning Eloro, one reason for the recent sp fall is that SC is slated to speak at the conference in June. Some people were hoping that the business might have been sold by then!
Yep
An interesting debate on the price of GGP under various gold price scenarios. If we are happy to assume that a significantly higher gold price would do wonders for the GGP share price, dont forget that all miners will benefit and Newmont would probably be the next Nvidia and the magnificent seven would probably all be miners. On a bell curve distribution of likely outcomes it would probably be at the wings. But it doesnt mean that these scenarios cant be discussed.
IMO $3,000 is probable and $19,000 is possibly possible - maybe a 2% chance?
Afternoon MH01. Not sure the comparison with NS is appropriate if the high Ggp sp assumption is based on the gold price rising, as NS mkt cap will probably be $50b!
I hope all serious minded investors had a chance to watch the webinar that has just finished. Speedy you will love it. I think it’s being reproduced on some site or other. Worth having a look for it.
Well that was brilliant. But you supposed investors were too busy talking about effing vaccines.
Pretty much sums up this site.
There is a webinar at 4pm hosted by mining network and Arlington. Eric sprott, Pierre Lassonde, ned naylor Leyland, Michael Oliver and Luke Gromen. Must see for anyone interested in gold.
This is a good article by AEP, but he misses half the story. Slowly it will get to mainstream media, but by then we will probably be at $3000.
For those interested, Dannika Warburton is holding a webinar at 4pm today with all the big players in the PM space. Pierre, Eric, Ned. Luke Gromen and Michael Oliver. Just missing McLeod imo. Should be a great watch.
Evening Drover. Hzm didn’t get financing cos nickel is on its knees with the Indonesians flooding the market. Fortunately Ggp has gold and copper as its two main deposits, which are both highly sought after. There is plenty of finance for the right projects, as the major commodity traders attested to last week.
Lassonde was reported in KWN over the weekend that he could see the gold price at $18-19,000 based on Chinese speculative demand.
As the Italian said below, if gold goes on a tear its likely it will be because the Dow is collapsing.
Taking 1980 as a benchmark for the 1.4 ratio is somewhat misleading, because not only was that the high of gold, but also it was a temporary spike caused in part by the actions of the Hunt brothers.
But I agree that, imo, we should see gold much higher than here.
From what I know the aisc at Telfer won’t be the high levels of last quarter as that was a materially affected by the cracks in the dam and reduced throughput. I think the previous quarter is a better guide. This will be reduced by mining for profit as opposed to mining for ounces, which was what NC were doing. To that can be added the cost savings of a smaller company. So I expect aisc to be below 1750 at least initially. Obviously Havieron will be much lower with big copper credits.
No problem with the gold price Bamps. Speedy is being his usual conservative self. Pierre Lassonde is on KWN talking about $18-19,000.
C’mon speedy stop being so negative! 🤑
RK, they have done a cracking job renumerating the share price…..
Hi Southern. You obviously dont know what I know. If you did you might have a different view. Of course I didnt know that at the time either.
GH would have sold the business for 6p. He had no long term strategy. The JV was an awful document which was amended just before Shaun arrived, to our detriment. He then cashed out over a few days, whilst giving the impression he was buying. He started as a good promoter and ended up as a classic pump and dumper.
Add, I tend to agree, so therefore we shouldnt expect many buyers to appear and equally not much of a rise in the sp.