Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Found this description and am purely guessing it may answer my previous one project question regarding Telfer and Havieron grouped together.
“A disposal group, as defined by the International Financial Reporting Standards (IFRS), refers to a group of assets (and possibly liabilities) that an entity is looking to dispose of together as a group in a single transaction. This concept is covered under IFRS 5, which deals with Non-current Assets Held for Sale and Discontinued Operations.
A disposal group may be a division within a company, a subsidiary, or any other collection of assets and liabilities. The plan to sell or dispose must be at an advanced stage where it’s unlikely changes will be made, and the assets must be available for immediate sale in their present condition.”
“six non-core assets and one project as held for sale, resulting in a non-cash impairment of $485 million” taken from Newmont’s First Quarter Results today.
I thought it was two projects Coffee and Havieron as per the February announcement. “Intend to divest six non-core assets including Éléonore, Musselwhite, Porcupine, CC&V, Akyem and Telfer, as well as two non-core projects including Havieron and Coffee”
There’s probably an explanation, someone might know?
Maybe they’re grouping Havieron project together with Telfer?
Https://www.miningweekly.com/article/newmont-sells-gold-stream-to-lundin-for-330m-2024-04-25
That’s what my better half’s friends keep saying to her.
Some will probably say it’s stupid to be not concerned about us being at 6p, but……say we were now at an SP of 15p for example, gives us a market cap. of just over £750 million. Most of that could only be attributed to our 30% of Havieron. If you were Newmont what would you be saying in negotiations? If you were their shareholders what would you be saying? I’m not necessarily suggesting that’s the only way they’ll value it but just another way of looking at it for now in the present circumstances and putting a silver lining on the current SP perhaps.
Not having a FS or a DTM for Havieron at the moment, is that really a bad thing at this time? That’ll come at exactly the right time i reckon.
Is it cheaper to buy a project or a world class mine?
GLA
On the never say never theme. It wasn’t that long ago that if anyone talked of the possibility that GGP might one day own all of Havieron and Telfer they were considered by many to have lost their marbles.
To quote Jean-Paul Turcaud
“There are 3 stages in a discovery….First people say you are mad.Second. People say you are not mad but your discovery has no value.Third. People say this is a great discovery but everybody knew about it.”
GLA
One other factor to add into the mix is Greatland aspire to become a multi mine operation. Once they get first mine up and running the board are perfectly suited to rapidly leverage that asset to add further to the producing assets.
GLA
I note some other standout comments Shinybits has previously made.
“I’m being careful to only comment what is publically(sic) available information,”
“Not able to say more.”
Lol.The old ones are the old ones.
Another possible benefit of higher POG in the near term whilst Greatland not yet being a producer is at some point in time I assume GGP may have to hedge a percentage of future production. The higher the price they can do that at obviously the better. Whilst we’d all like to know where we stand with Telfer etc. knowing sooner rather than later might have forced GGP to hedge at a lower price. As we’ve seen even a few weeks can make a large difference.
GLA
I don’t follow the horses much myself, but Maximus (named after Havieron) the border collie had been mithering me to borrow a fiver all day yesterday to put a bet on the Grand National. I gave in this morning but I’ve no idea what horse he has backed. He just kept saying “it’s a sign,it’s a sign”
It’s about time, you’ve been sitting on them long enough 😀
From the Top album: RIO Greatland J.V. Good
I just got paid today
Got me a pocket full of change
Said, black sheep, black, do you got some wool?
Yes, I do, man, my ISA’s full
It's the root of evil and you know the rest
But tax exempt for Greatland’s best
I hear what people are saying but give him some due 6p is not bad though compared to what he started with is it? If I’m honest I wouldn’t have turned it down when I first invested in GGP, I wish all CEO’s had managed to increase my investments by such proportions. I think SD is doing a good job at Greatland and I think GH also did a good job,CEO’s do what they do and then pass the baton on.
GLA
Greatland Gold was an explorer under Gervaise’s tenure. His remit was to move assets up the value curve, which he did. He wasn’t there to build and fund a mining company.
So I’m off today to hopefully see the phenomenon that is the Arnside bore,they say even a galloping horse cannot outrun it.
Next I want to see the phenomenon that is the Greatland bore ( and I don’t mean any poster on here, me included 😀), that moment when the tide turns and overcomes the pressure of the outflow against it, they say even a galloping bourse will not keep up with it.
Must be getting close to spring the tide turning news upon us.
The currant situation is no raisin.
And if the gold price was $1000 how interested would the banks be in funding.
Yep, it would be interesting to have the statistics for the percentage of stop loss trades executed say within 5 minutes of hitting the designated price when the share price then continues to fall compared to when the share price then suddenly rises again.
And not related but it’s time or for my annual whinge about why it takes so long for Bed and ISA’s to go through in this age of electronic wizardry.
I use neither of them anymore.
Https://twitter.com/GreatlandGold/status/1135876712233746433
From 2019, the sound quality is a bit poor so I’ve added my own imaginary subtitles.
“Callum,try not to look impressed,bide our time and they’ll be begging us to take it off their hands in a few years.”
“I don’t know about you Gervaise, but I’m a geologist, core drills are one thing, but ball mills and crushers ain’t my SAG, I think we might need a few additions to the board.”
“You’re probably right Callum, anyone in mind? Anyway enough of this,best get back, got a house to go and view and I thought you had some boats to look at.”
I’m confident from my own research and the experience of the GGP team that Greatland can get funding they may require and I’m confident the present SP more than covers means of funding and any risks. I’m also of the opinion the team are well suited to the task ahead.So I’m holding and probably buying more at this price. No problem if others aren’t happy with the risks and sell or wait to buy though. All about risk/reward.
GLA