PYX Resources: Achieving volume and diversification milestones. Watch the video here.
...well if they're buying so am I. Confidence is everything (well quite a bit anyway). Small top up from me this am. At this price seems too good an opportunity to miss.
If you're going to malign a poster, sab, you REALLY should get the name right.
Here's a clue - it wasn't Redirons. Close but no cigar.
Perhaps you haven't actually read the posts -there's a thought.....
Apparently the LME have discovered that the Nickel they thought they had in one of their metal warehouses is just a bag of stones. No really.
The story is behind a paywall so can't see full details yet.
My 08:28 Buy of 20,000 is shown as a Sell and as usual I suspect a lot of the red sells early doors aren't all sells.
Thanks CJM & everyone else - seems we're slowly but surely making progress.
GLA
100% would be a top result!
FWIW I think Nayor's earlier post re share price is bang on the money. Before the huge 15.5% share placement last August we had broken the down trend and we're headed back towards the 10's. Since then we've been stuck in the 7's . It's simple Cause and Effect nothing complicated but seemingly not covered in 11 yr old maths.
Goodness me we seem have a whole smorgasbord of views on whats going to happen next. FWIW I dont agree with CB and think that Newmont are after Cadia and the Indonesia bits and not Telfer (after all Hav is shown as Tier2 i saw somewhere recently - NC?).
So how much would you pay for Telfer if you couldn't guarantee it workload for the next umpty years?
How about we start the bidding at $100m ? Is it worth more than that as a scrap value? I don't know my figure is just a first guess.
What about Hav then - how much for the 70% we don't own?
Newcrest didn't want to pay $60m wasn't it - but I think that was SB playing silly buggers TBH.
SD would have paid $85m if I remember correctly. But you don't pay 85m if you think its ONLY worth $85m he must think (longer term) its a fair bit more. Minimum margin has to be 30% so lets start off with say $120m for the 5%.
So if we could get Hav70% plus Telfer for $100m plus (14 x 60) ie $940m then we've bagged ourselves a "non-dilutive" bargain asset of $1,680m ( hopefully my maths is good here - but you get the idea). Of course you can process 3rd party material from Winu or wherever to offset the costs of running Telfer etc etc etc.
The slight complication in my theory is that the $85m is common knowledge.....
Whether or not that I'm anywhere right you can see the possibilities of thinking outside the box. It's quite clear that SD is one such person who thinks outside the box based on what we've seen so far. I know where my money is.
Interesting times for sure.
JB - a GGP stockholder since August 2011.
( it was the greenstones that first peaked my interest )
HL are excellent at answering the question you didn't quite ask ie the wrong question. I've had DEC in my SIPP for a while now and the divis appear in GBP and I can't say I've seen a 1% charge ie it all seems to add up correctly given the w8-ben having been signed.
No idea - other than it raises some cash. Anyone?
Continetal weather is much more extreme than what we're used to. I was out in Colorado last April and caught in a bad snowstorm in mid April. Left SteamBoat Springs at 5am and it was only light sleet, caught up with a snow plough which we followed up Rabbit Ears pass and by the the time we got to the first hump in the pass it was a white out. Then the snow plough lost the plot and went off the road and we just managed to stop. It was then we just make out why the snow plough had veered of as there was a jackknifed Walmart artic infront and down the hill a oil tanker stopped on the incline up towards us and another double-length artic stuck on the other side of the road. So we waited. Some time. Then the State police arrived and said just stay in your vehicles and a while later the tonka toys arrived ie giant digger type trucks with 7 or 8 foot wheels with chains on. They started moving the artics and pulled the snow plough out of the ditch and dumped grit on the road. But as the double length artic was being pulled up the other side it started slipping sidways across the dual carriageway towards us which was pretty "flipping" scary. They had to change angle of attack to pull back away from us. All good fun - well sort of. The pics I've got are great but all told we were stuck for more than 4 hours on what was a main highway. Never did get to see the Dusky Grouse.
The weather we have in the UK is micky-mouse weather in comparison with that you get in the middle of big continents so not surprised at a few weeks delay.
Conversely of course if NCM *WANT* to be bought then they could as the ShareTalk article suggests buy out HAV and bundle it with Telfer. Is this likely? Um... can't see SD/GGP wanting to sell. So as I suggest maybe that horse has bolted.
Sorry going to have to disagree WelshFalcon. Selling off assets makes NCM more vulnerable not less. Why? because the buyer can offset the cash against the buy price. NCM should have taken on more debt last year by buying the 5% plus maybe the rest of Hav . Bit of a schoolboy error by SB I think - not surprised he's been shown the door.
Spot on RAH0084.
Dip - a corporate lawyer once told / taught me that silence was very powerful. And he was right.
I'm going to have to disagree Kevin @16:20. If GGP buy Hav/Telfer then NCM would just be sitting on a big pile of cash. That would surely make them more attractive to a buyer as it would allow them to offset costs - would it not?
By the way in the hedgie I used to work for the Chinese wall was a cupboard with a whiteboard in it and doors to cupbord were either open or closed depening who was in the room.......The whiteboard detailed the pipeline deals. I kid you not.
Mush.... unfortunately / fortunately (depending on your point of view) NewCrest are doomed I genuinely believe; whether it is Newmont or someone else I don't know. Their offer is priced at a 21% premium to NCMs share price I understand and that analysts are saying that a winnning bid is (ONLY) a 30% premium. So we'll see who it is soon enough. Couple of weeks / month or so - who knows..?
I'd love to know how much NCM had Telfer on their books for last Friday ?
Any advance on $5M Aud (scrap value) ?
Has anyone considerded what the Aussie government might have to say on this. It is evident all governments now have concerns over strategic minerals eg copper and the so-called green metals & minerals. How exposed to these are NCM ?
As is ever the case buys-n-sells aren't accurate. Had this on my watchlist so jumped in this morning with 1st buy at 44.88 for 2,500 shown as a sell. Will buy more later.