Member Info for Jerryspaniel

If Solgold announced an agreed takeover tomorrow, most on here would miss as they are too busy name calling in the playground. Yawn…

Bamps there is no way that the aisc will be $2500 of any currency. If it was in a past period then that was an anomaly. If Ggp get Telfer, expect them to mine selectively the much higher grades with lower corresponding aisc and higher profits.

The past under Newcrest will bear no relation to the future under any new ownership. Different philosophy and different mine plan.

That’s why I am guessing 250,000 ozs not 350,000 ozs but a much lower aisc helped by some significant cost savings from Jimmy the toecutter……

Hi Speedie, a more bullish view than Tex would be to assume that GGP have 100% of Hav and Telfer. About 250,000 ozs pa for each mine, gives an extra US$50m. Per annum!!

Agree Redirons. He ain’t selling and nor is he going to get a mouth watering offer.

Directors dont have the same flexibility to buy and sell that others do. I am sure all the bod thought anything over 30p was just plain crazy in late 20/early 21. Of course one director quit and dumped his stock as soon as he could. The other one saw the long game.

Well said SaS. Callum is a top bloke with masses of integrity. He certainly doesnt need to justify or explain anything to people on this board. That he bothers to speak with Liam says plenty.

Freddie on the other hand is mentally unstable and I filtered him many years ago.

Jezzoo. Best post on this board in ages. Totally agree with you, as am in the same boat.

Add, if the West did flog the Russian assets it would be wonderful for gold. All countries with forex holdings would then dump the Western currencies and other financial assets and buy gold and ship it home (or to Switzerland). The dollar would obviously collapse in that scenario. Not sure that would work in the US favour.

Has the little red ramper had a margin call? He sounds a tad desperate.

Dip, I thought Shaun had said that any ASX listing would come after any deal, not before. Too problematic to do it to fund any deal, as NM will want certainty not something subject to any fund raising. Hopefully UK instos can take up any equity and leave plenty of pent up Aus demand for a compliance listing should it be desired.

Drover, I think there are many many options as to how this might go. The one I like atm is NM taking a stake in GGP as (part) payment for the assets. Then if the price is deemed low at least NM can share in the future upside, including the gold price.

For NM its quite neat. Zero management time, but exposure to something that could be significant.

Of course it doesnt solve their $2b problem!

Bamps, the Telfer aisc will fall due to mine optimisation and reduction in costs. I dont know whether it will fall to 1500, but it will definitely fall. There is a lot of fat at Telfer.

ChartaRex, it was also discussing Hav production using Au equiv, so not using the Cu as a credit to the mining cost. Hence a much higher aisc number and a much higher production number. It got a bit confusing I am afraid.

MH01, with Degrey not producing I wouldn’t have thought that we would be compared to them. More like the Aussie mid tiers like Evolution and NS on p/e basis, though p/es will probably rise considerably if gold rerates and money flows into the sector.

IF we were to get these assets I see a far greater sp potential than you are implying but still many bridges to cross….

Ok good. Just checking!! 😉😁

Aisc without the benefit of any copper will be a lot nearer 1500 imo.

MH01, I don’t think you can use the copper as a credit to reduce the aisc AND use the copper to convert into gold ounces. It’s one or the other, not both.

MH01, be careful that you arent including the copper to get the AISC down and then using the same copper on your production profile. Its one or the other, not both.

MH01, it’s possible that the aisc for Telfer could be $1500, and I think Havieron could be much much closer to $500.

The maths of both are undeniable, unless one thinks gold is about to collapse. In which case, you shouldn’t be here.

Imo, Newmont will not be interested in Solgold, despite the attractiveness of the copper. NM are not really developers, but more miners of developed projects. They also seem to be focusing on US, Canada and Australia. Plus they appear to have a desire to improve their balance sheet with asset sales, not purchases.

Barrick have a much greater desire for investments in third world countries. So maybe.

Does Gina really want to make a huge pivot to Ecuador?

For me it’s the Chinese, and everyone else’s involvement will merely (hopefully) get the price higher.

I added a lot last week as r/r seems pretty interesting now.

Intrigued to know if LB has examples of 'non dilutive funding'.