Member Info for Jerryspaniel

Steve, I suggest you run some numbers on the expected cash flow from Havieron at say $500 aisc and Telfer at say $12-1400 aisc. Mind boggling.

Tildo, actually 18months if my memory serves me. Nice to see the Sunday Roast guys getting it. Wish others would.

Goldworm, I would offer to get Antipa out of their mess with an offer for the asset, not the company, and not till we have tucked away Winu. Antipa have absolutely nowhere to go.

Ggp will have monopsony over the area.

96, it does not make commercial sense for Shaun to give a running commentary on what he is planning, nor how it’s going. He has stated his desire in the past and we should be comfortable that he is in the process of executing the plan.

I presume you know the plan?

SaS, I think the contractural obligation of the tolling agreement would be passed on with the sale. You can’t sell a company to avoid that. You would have to bankrupt it imo, and that wouldn’t necessarily negate it completely.

Ace, with respect I don’t think Ggp are in play at all. That said if ggp rises quickly to say 15p we could be seeing the result of Elliott buying.

However I am not quite sure why everyone thinks Elliott will be involved. Virtually all mining and exploration companies are on their knees, so there is a lot to choose from. Sandeep will know of many assets and mines from his time at NC and his specific knowledge of Telfer etc is now dated.

JB, absolutely. If anyone is daft enough to think that Elliott/Biswas is the answer, I dread to think what the question might be. Probably involves being bent over backwards with them holding a red hot poker.....

Anyone who knows anything about Cornford will probably expect the opposite of anything he says or suggests. If it came from a reputable source I might think differently. Just my opinion though.

I think Malva would be closer if they knocked a zero off….

MH01, you are all over this, so many thanks from me for explaining the likely direction of travel. From what I have learned today, I would say that some of the numbers been bandied about regarding the purchase price are way too high. Plus some are not thinking big enough. This is a huge opportunity and one that Shaun has been readying for, pretty much since he joined the company. From a Newmont point of view, this is more like getting rid of an expensive mine, with high costs and an ageing processing plant, plus a potential mine that has a ROLR clause embedded in it. From Shauns point of view its an opportunity to make Telfer efficient (see Northern Star's acquisition of Jundee), use the processing plant to extract cash flow while (possibly) permitting a new plant, and get Havieron in toto and get the production up to 6m tpa. A keen seller and one willing buyer. Looks like its all coming together only as Shaun could have scripted.

IMO!

If I was Shaun I would start the bidding at book value for the three assets. I would fund it mostly with debt and associated hedging. Then add in a modest ASX placing and listing and some more shares for Wyloo. This would be massively accretive, and transformational for the sp by the end of this year. IMO.

Addicknt, I think you are assuming there is a future for Solgold. I am not so sure.

At this price they should do a royalty sale and a share buyback.

I give up. I was trying to help. Wish I hadn’t bothered.

I was trying to pass on some knowledge gained over many years. Wish I hadnt bothered. You will just have to learn the hard way.

Btw my first trade was for £100. But it was in 1974.

Tells me that old LB is way over exposed to this share.

If a broker needs to make (say) £10 per transaction it doesnt matter whether its a price difference or a commission, you pay the same, and its not free.

I would also suggest that if you only have £100 to invest then you probably shoudnt be investing in individual stocks let alone AIM stocks or junior miners. But its your money, so I too will leave it there.

Horult, I hope you realise that they gouge you on the price in lieu of commission? Trouble is you dont know how much they are taking in price differential. No free lunch, ever.

If you are confident enough to keep buying (and I wouldnt disagree with that view), then maybe you should cover any losses too? Mind you thats not a great education of the capitalist world for the woke/victim/blame generation.

As for Bitcoin, I wouldnt touch it with anyones bargepole. Just another Ponzi scheme imo....

Its not difficult!!!

Even my old mate Zoros decided there were 1.25 pounds to the dollar rather than 1.25 dollars to the pound.

And we wonder why PIs are such useless investors....

Time to put some new batteries in that calculator.......