We would love to hear your thoughts about our site and services, please take our survey here.
Thanks Bamps et al for your diligence in responding to posters seeking to see doubt and distort the picture.
For what it is worth my thoughts are that there is a wealth of data produced by both Newcrest and GGP, together with broker analysis and investor views from Sprott and Willem Middlekoop.
All of the facts point to a Tier1 low cost gold/copper mine coming on stream in around a year in a Tier1 jurisdiction with a Tier1 JV partner.
Are we not at the point where the vast majority of regular (or like myself, increasingly occasional) visitors to this board really understand the investment case and see the doom mongerers for what they are.
I sense strength lies in ignoring the baited hooks constantly cast into this board.
The way forward for me looks like;
- post only facts
- comment if one can validate a fact ( many lth/subject matter experts know one another from one to one contact on other platforms/other boards/have built a track record over time)
- stop the wishful/wistful musing to fill time/keep the board ticking over
- block/filter the troublemakers (one can spot them quickly/ arguing gives them the oxygen they need and the headers they look to have at the top of threads/ they just pop up again with another id anyway)
There you go.
Less aimless posting albeit much of it well intended. Stick to facts. Filter the FUD spreaders.
IMO
Dropped in to readā¦.the second leaving of Pete.
Only so much sawdust a man can saw I guess.
Thanks Jerry. A very helpful and balanced summary, much appreciated.
That your point is nonsensical.
Your slated the comms because it didnāt give a date for the 5%.
Duh.
The same comms set out;
- a revised range between the 2 parties ( ā increasing the valuation range noted above from 10% to 20%ā)
- updated on current situation (ā As at the date of this report, both parties continue to have discussions regarding the acquisition of the additional 5% interest in the Havieron Joint Ventureā)
- what happens once FMV agreed (ā Following agreement or determination of the option exercise price, Newcrest has 30 business days to exercise its option to acquire the additional 5% interestā)
What more do you want?
The process was explained perfectly.
If the date was known it would have been announced because for it to be known the FMV would have been agreed upon.
ā Following agreement or determination of the option exercise price, Newcrest has 30 business days to exercise its option to acquire the additional 5% interest. Proceeds from the exercise will first be used to repay the outstanding balance under the existing Newcrest loan facility.ā
Driver man that is not correct. They have 30 days from the date that the FMV is agreed/set.
Agreed Paddy.
My view on this is the resource as defined by drilling is growing to match if not exceed the size I based my investment decision on.
SD has the experience and desire to take GGP on the journey from explorer to miner, an improvement on the position when I invested as the then CEO made no secret that he had no intention of staying on if that was the plan.
Macro economic backdrop of huge debt and rapid rising and likely persistent inflation with ( sadly) a period of heightened global conflict/tension all strengthen the case for precious metals.
The green revolution strengthens the case for copper amongst other metals.
I am not immune to the frustrations over SP mismatch to broker/analyst targets but am heartened by increased holdings by large informed investors such as Sprott, Willem Middlekoop and others.
Money will imo continue to move into GDXJ and hence we are likely to see their holdings grow.
All my opinion but all combine to leave me holding and adding on drops.
Thanks Antigua - my question was instantly redundant as the RNS hit straight after!!!
Thanks for coming back to me.
Good morning Antigua.
Do you have more on your interaction with GGP re them issuing the interim drill results please?
Well timed and well written RNS this morning. Much PI confusion at the NCM mineral reserve update last night. Many expected to see significant uplift for Havieron.
Sandeep was asked some helpful clarifying questions at the close of his investor presentation. His replies confirmed all the Hav figures were near 12 months old, bar the exploration slides which showed the rich drill data up to latest results.
I felt those questions went far enough but now wish a final one was askedā¦..
āyou say that an updated MRE isnāt yet available, and have previously expressed a desire for the 5% negotiations to have been concluded by mid February. Can you provide some more detail on this process, given that this exercise requires a common view of so many more factors and a much long time horizon to ācalculateā a FMV of Havieron?ā
The picture emerging is a divergent view of the size of the resource ( no surprise given the number of areas open in all directions and at depth with more added as drilling goes on).
The longer the timeframe, the more gold will be discovered and the higher the figure to be paid for 5% of it.
Soā¦.about that Sandeep articleā¦ā¦.
Siriās,
Can I clarify your the numbers in your post at 13:04.
PFS 2Moz gold equiv = 12p SP
+ 10Moz = +12p
?
A contentious post seems to trigger multiple reaction/reply/contra posts which serve only to draw out the ādebateā and clog the board ā¦.and more than once throw the discussion off positive/informative discussions.
Filtering is an option and is helpful in maintaining oneās own equilibrium.
Clearly some donāt take one!
Dropped in for my weekly check and realised that I probably should reduce that frequency !
Ericeric busy howling into the void - posting the usual general banalities intended to unsettle.
Wishing all a happy new year.
With upgrade to MRE due, vent shaft about to be blind bored, 5% negotiations about to begin and drill updates due too it should be a great time.
Donāt take my view (or the view of the like of ericeric) - check out news for GGP and see all the positive articles re 100% of drills hitting, Havieron as the future of Telfer, NCM as JV partners - it is endlessly positive.
Patience is key and ignoring those that would spread fear if they could.
Coolfree, Paddygall has been the major factor in investors on this board making money as they have benefitted from his satellite intel.
I look forward to your contributions adding value over time.
Rarely visit these days and even more rare to post.
Just wanted to wish you both all the very best with your hospital appointments over the coming days.
KP
*is clearly the avge rate needed
From the stage1 mining proposal;
āThe following lateral development has been designed for the section of decline to just below the base of the Permian cover:
ā¢ Decline - 2,773 m;
ā¢ Ancillary development ā 921 m (consisting of stockpiles, passing bays, sumps and ventilation
drives)ā
So I make that c. 3,700 metres. Byrnecut contract is Jan 2020 to Oct 2021 (but language is for the decline to take up until end 2022). So 24 months build at average over the build of 154 per month which comes to ā¦..3,696 metres.
The figure posted is clearly the cage rate needed to complete the task on time.
Early work slow due to soft material in upper layers.
Welcome back Schlemiel