focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hi speedy
For the benefit of the uninitiated or in my case simply uninformed it would be very useful if you could explain in simple terms how this happens -- I am in no doubt that you are right from a simple gut feeling (and where does the data come from ?) , but would much appreciate a note expanding on just exactly what is done and how to achieve (their) desired effect.
Thanks in advance
Hi Speedie
I dont post as you can see but been here from before the flood
Could you please elucidate a little on what you mean by a 40 billion bet --- I understand the size but why
Please ?
I know the water is murky but you seem to be aware of specific information please help us and let in the light
Bamps/Paddy thanks for the reassuring comments re water I feel a lot more comfortable
Still think from my original note that GGPs (and our ) best interests are best served if GGP retain a revenue earning share in the venture .
A) because they will be less pressured to go to the market with share offer /warrants etc when looking for future exploration funding .
B) They should be able to take individual sites showing promise to a much more advanced stage and therefore negotiate future share/values with partners from a position of much greater strength than was possible with Haverion.
C ) It will not have escaped notice that the "Beanstalk" leading to our prospective golden eggs was proximity to the Telfer mine working ,-- and desperate for new feed . Where do we sit ( in terms of proximity to other working ventures )with the other prospects on the GGP list ? Because they are certainly going to try and do this trick again !
And so will all the others !
Anyway thanks again and I am glad I stayed in the beanstalk if only in the undergrowth and am now climbing with Jack a little way behind
Re bamps comment and trying to add just a little to it (Please note this is posed as a question looking for informed answers before we get carried away with dreams )--- apart from the overall cost of infrastructure we should remember that all of this, starting with Telfer is in one of the largest and driest deserts in the world -- and many hundreds of miles from the great Australian aquifer .Both cyanidation and flotation are thirsty processes and I am sure water supply would have played a big part in the original decision to go or no go for Telfer --- we cannot assume that AN Other because they fancy a go at Scallywag or anything else in the area (or buy out Haverion )would be able to find the water (or even be allowed to start up a new large water consuming facility with ease) -- buy outs seem to me a very unlikely scenario in this light .I would be more than happy to hear I am wrong from those of you who are aware of the water story and current position .
Re bamps comment and trying to add just a little to it --- apart from the overall cost of infrastructure we should remember all of this, starting with Telfer is in one of the largest and driest deserts in the world -- and many miles from the great Australian aquifer .Both cyanidation and flotation are thirsty processes and I am sure water supply would have played a big part the original decision to go or no go for Telfer --- we cannot assume that AN Other because t
This picture says it all.
(courtesy Economist I,m sure they wont mind )
When they stop printing money the trend will reverse .
I will be delighted if others more informed than I have any Ideas on when
Good luck
n july 29th the price of gold surged to an all-time high, as the dollar fell to its lowest level against the euro in nearly two years. Yields on ten-year Treasuries have stayed low, on fears of a rocky economic recovery, even as expectations of inflation have risen. That has depressed real yields, making dollar assets less attractive and adding to gold’s lustre.
https://www.economist.com/img/b/1280/2556/90/sites/default/files/images/print-edition/20200801_FNC655.png
Hello
I am new to the board but have been following with much interest over the last few months (my shares date back before the flood of 2008/2009 ) I have now topped up again and was about to consider a post asking exactly your question because the answer can change the future of the company (and our fortunes ) in a very significant way .
As a contribution to the debate it strikes me that one of the key weaknesses of the independent explorer is having scratch and scrape to fund every new endeavour and having found something then being unable to prove the true worth of any find for lack of funds .The end result is what we have today where GGP have an extraordinary find but are /were in a weak negotiating position lacking finance when it came to proving the find and thus may (NB may) have resulted in a less than optimum agreement .
If in future GGP were able to continue their exploration as their primary activity ( and at which they are very good ) but fund it in such a way that they were able to negotiate from a position of strength ie with more proving done without the necessity to come begging to investors (or worse money funds /Banks) it can only be a good thing.
My suggestion then to my fellow owners --- (thats what we are ) is to support any move that ends with GGP as a revenue earning entity able to raise its own finance to prove future resources
This seems to me to point to some sort of tolling arrangement and if this can lead to a + - 15 year life as a conventional revenue earner then so much the better --- if in the other hand its better to take the money and run then so be it
I look forward to the debate
Regards and good luck to you all