Member Info for JiffyBag

What does Nm stand for? No matter? No Nice Message? the mind boggles at the use of these abbreviations.

Are folk too dam lazy to type actual words in these days? :O)

Mysteriously

JD,

Yes of course your not the only shorter that posts on here :O)

'My temporary solution is to stop shorting for a 2 year trial period and evaluate and recalibrate. No one is correct but let's see the data and discuss again.'

02/01/24 , 11:39 Lebuge_Addick, Thread Title: Shorting - Time for a level playing field

It was LA that recently posted about the June 24 closure of Telfer staff contracts etc, but this posting has now mystersiously dissapeared?

Good luck Leddach, HE1 or GST. ?

Having read and watched HE1's CEO recent interview on LSE, I am rather inclined rightly or wrongly to think that GST will deliver first IMHO.Cannot imagine that GST will not deliver an RNS of value within the next 6 months.

Just my thoughts, don't forget that GST need to keep their investors on board whatever the climate is , good or bad etc.

For those of you on Twitter/X/Facebook /Instagram etc, why not try reaching out to Tone Goh/Jack Bai/Shayne Tan asking probing questions, you never know you might get a reply?

Don't use those channels myself.

Unimaginative,

Aimingtoplease, is spot on IMHO, ie, 'You could not sell an asset if you knew there was an issue with it without informing the buyer'

Yes agree to that, but you would have to prove that they actually knew so, and I cannot imagine for one second that GGP are behind the curve on that score???

IMHO, NEM just want to recover as quickly as they can a $2Bn dollars bounty from wherever they can do so, plus Telfer let's face it is currently in a massive loss making position given current AISC rates until such time that high grade ore can be put through in sufficient quantities through the Telfer plant.

So for me, it's all about timing I reckon for now, ie how long is it going to take Telfer to make a positive contribution irrespective of who actually owns it? That depends on who and how quickly is going to feed it.

If GGP/Wyloo were to buy it say this year, we will still have a period of time until such time that ore is readily available for stock piling and processing inorder to generate income, (As Bamps has already pointed out) we all know this and NCM/NEM know this etc.

So what's the answer?

GGP buy Havieron and crack on asap, NEM/NCM sell Telfer for a dollar, GGP take on all future liabilities for the decommissioning of Telfer against the sale value required for Havieron and hopefully Havieron will proudly support that cost in the long term.

That's my best take/analysis on this current situation we all find ourselves in at the moment.

Hi JD,

So in your last post on this thread, it seems to me that you have just admitted to being a shorter of GGP, Yes?

No worries, but tell me this if you can.

When are you buying back, can't be long now ?

Https://finance.yahoo.com/news/ftse-miners-plunge-stocks-hit-183834436.html?guccounter=1

FTSE mining stocks have plunged to their lowest level in more than two years amid a flood of cheap Indonesian nickel onto global markets.

'Many of the world’s largest nickel mines have been left unprofitable amid plummeting prices for the metal, which is vital for the development of green technologies.'

Sarah,

Don't panic!, Don't panic! Mr Manwaring!

Read at your leisure.

Re lower Aquifer. Interviewe with Shaun by Liam on the 30th Jan.

https://www.ggpchat.co.uk/viewtopic.php?p=5196&hilit=lower+aquifer#p5196

Kingalf,

I accept that this sector sails very closely to the wind etc, but you have to question what the company / management are relying upon to keep the lights on?

Are we to see a fundraising very soon? looks it to me, IMHO.

Correction: Re: 'The sooner the better given revenue of presumably $120M? '

120M was Volume not T/O, still a large figure 😁

1.0 Innovations Pathway RNS, 6 months?

https://cointelegraph.com/news/uk-crypto-laws-stablecoins-staking-six-months-report

2.0 Lord Wellesley CEO of Angra Ltd, resolution? see 1.0 above

'Lord Wellesley has been working with the Group in the UK since September 2023 and is assisting GST with the development of its borderless neobanking platform providing next-generation digital money solutions. It is intended that Lord Wellesley will be appointed Chief Executive Officer of Angra Limited in due course, assuming receipt of the required UK Financial Conduct Authority (FCA) approval.'

https://www.lse.co.uk/rns/GST/appointment-of-non-executive-director-txvowjgub923raf.html

3.0 Acquisition of Semnet Pte Ltd

‘Angra Global started onboarding customers on 1 September 2023 and Semnet's cybersecurity expertise will enable the Company to build a dedicated cybersecurity team to support client onboarding and its operational activities, including the wider provision of white-label software solutions to global money service businesses. In addition, Semnet will continue to support and grow its client base in other sectors, providing an additional profitable revenue stream for the Group. Semnet is licensed by the Cyber Security Regulatory Office (CRSO) in Singapore. Further information on Semnet may be found at: https://www.semnet.co’

This will be a major move IMHO if the deal comes off, not just for the revenue but for aiding the Innovations Pathway FCA approval etc.

‘ In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million.’

https://www.lse.co.uk/rns/GST/acquisition-of-semnet-pte-ltd-maebw8i68r0h991.html

4.0 Easysend Ltd

‘EasySend is a Financial Conduct Authority ("FCA") approved Authorised Payment Institution ("API"), conducting cross-border payment services. EasySend has a current estimated yearly transaction volume of approximately ?120 million, with 35% coming from approximately 40,000 individual customers and 65% from approximately 350 active corporate customers. GST believes the acquisition of a majority stake in EasySend would assist with growing the customer base for the Company's existing GS Money activities, in particular Angra Global, and provide access to additional technology, including EasySend's mobile terminal technology. It is intended that EasySend's founder and management team will remain with the business and that the 40% minority holding will be retained by EasySend's founder.

For more information on EasySend please see: https://www.easysend.pl/en/about-us’

The sooner the better given revenue of presumably $120M?

Completion of the Acquisition is conditional, inter alia, on final due diligence, the entering into of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the change of control of

Can't be that long now re acquisitions?.

I’ve been looking at the current AISC for Telfer as reported by NEM.

NCM reported that for 2023 it was $1,663 /Oz. Primarily because of NCM cost and Revenue factors etc.

Page 14

FY23 Performance

Telfer’s lower gold production in FY23 was driven by lower mill throughput and

lower grade. In November 2022, the Newcrest Board approved expenditure of A$214 million

(~US$150 million) for the West Dome Stage 8 (WDS8) cutback. The cutback

underpins the continuity of operations at Telfer, with the mine now expected to

continue operations into early FY25. (3) First ore production in WDS8 was achieved

during the December 2022 quarter with mining rates in the cutback performing

above expectations in FY23.

AISC of $1,633 per ounce was higher than FY22 primarily due to lower gold sales

volumes, a lower realised copper price, an increase in production stripping activity

relating to WDS8 and additional costs relating to inflationary pressures. This was

partially offset by higher copper sales volumes and favourable FX movements.

https://www.newcrest.com/sites/default/files/2023-09/230921_Annual%20Report%202023_0.pdf

Fast forward to NEM’s recent NEM’s Outlook and Performance Update, Feb 2024 document issued last week now has an AISC of $2,470/Oz , see pages 29, 35

https://s24.q4cdn.com/382246808/files/doc_earnings/2023/q4/presentation/Newmont-Q4-2023-Earnings-Presentation_Final.pdf

Questions for me at this moment in time.

I thought SD has always reported / suggested in GGP reports an AISC cost of somewhere around $863/ Oz or thereabouts?

Obviously it all depends on throughput the price of Gold & Copper etc.

So if we were to take on Telfer, how long might it be before the AISC is below a $1000/Oz?

This will surely impact the profit per Oz Au/Cu sold and timeliness of paying down GGP debt and thus the GGP SP.

What do you reckon?

Page 24 of the below report & accounts for 2023 is very worrying indeed for an investor in OBD, IMHO.

£8.81M of staff costs and general and other admin costs, against a revenue of only £0.51M????,.

WTF is going on?

Let's hope OBD don't go bankrupt!

https://d1io3yog0oux5.cloudfront.net/_efb7f8378fe4585144cf305da3613a9a/oxfordbiodynamics/db/2616/24473/file/5473_Oxford+BioDynamics+Annual+Report+2023_Final+proof+%28web+version%29+%281%29.pdf

Good Article by Charles Archer

Why do some CEOs remain silent as the share price tanks?

'Management teams often have a good reason for keeping quiet, even if investors don’t like the share price movement that results. Marketing only works at the right points in an investment timeline — and sometimes for reasons investors are not privy to, it’s best to keep quiet.' ?????

https://investingstrategy.co.uk/stock-tips/why-do-some-ceos-remain-silent-as-the-share-price-tanks/

Rabbit,

Re: Are they acting for a group of individuals

As a Nominee service and a bank that don't readily take on risk, I would strongly guess Yes,just individual holdings just like the rest of us.

Bunky,

I read on here today by at least 2 posters, that contracts for Telfer staff were to end in June 24. My question would be. Where did this come from? what links exist to support this statement? What happens then?

Would Telfer be put into a state of suspension until such a time that ore from Havieron was readily available?

If the above were correct, then should we ultimately be successful in procuring NEM's 70% share (Given GGP's last right of refusal under the JV agreement?) at a true value cost of 99% discount (As SD has referred to in the past,ie he would offer a $1 for Telfer) given the decommisioning liabilities.... what might a final settlement price be?

I would hope in all seriousness that would be no more than say half a billion $.for both assets??

At the end of the day, this could lead to a bidding war and that unfortunately will only increase the cost of purchasing both Havieron/Telfer.

Just my thoughts, lets hope it works out to our favour.

Exactly Whistler!!!,

What an absolutely 'Pain in the Kneck' he/she is.

Zero, Zilch, Nada, research.

Time you gave up posting on here 'Pain' unless you have got something that people actually want to read.

Not interested in what you think about AHS nor QBT, so keep your posts to the appropriate forum!

Tim,

Nice but Dim??

How many Gulags do the West currently have as oppossed to Russia, North Korea, and maybe China?

Here's another reminder of just how brutal and desperate Putin is.

All of course because as we all know , he is scared of any Opposition to his autocratic brutal regime.

Putin has remodelled himself on his accoylatytes like Stalin and Hitler, so truly desparate to cling onto power and control of the poor trodden down raped Russian populace.

The Stomach-Churning Things Stalin Did To Gulag Prisoners. It's in his blood and mindset.

https://www.youtube.com/watch?v=U5kNMQfCIAE

IOT,

Be interesting when you get a reply to to your question. Have you looked at Linkedin or asked SD directly, get yourself down to the upcoming TH meeting then and fire away.

Personally, I couldn't give a Tinkers Cuss, maybe SD had a gap year or two, so what?

Best of luck in your research, I'm only interested in the here and now as indeed you should be in all honesty.