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In a similar vein and with the same caveats as TT’s comments.
I assume that when the Australian government gives out the grants for drilling, which In this case Ernest Giles successfully applied for, first they have to have a lot of confidence in the company applying but they also must do a certain amount of their own due diligence on the drilling target and have a good belief there is a reasonable amount of merit in the application.I believe if I remember correctly there is a lot of competition for the grants, which is understandable.
Anyway got to go out now in the wind and the rain,can’t put it off any longer, I’m getting the border collie mind control stare.
Yes TT and thanks to Dips notes from the Sunday Roast interview.
“- so in the short term we have the Ernest Giles drilling which should come out in this March quarter, really excited about that, it's taken us a number of years to get on there and we're keen to get those results back and likely do some further drilling in calendar 2024’.
I’d love it if the next time someone mithers SD with a question about this, he gives that response.😂 probably why I’d never get a job in PR
I’m no expert either but I would have thought at least a few days. I imagine first they get distributed to the (where applicable) nominee accounts and then each broker nominee account has to then allocate them in proportion to the appropriate ex SVE shareholder.
Mining facilities owned by any company in any location all always need ongoing maintenance. Preventative and reactive.It’s all part of the business.
Agreed TT.
The only thing that will move quicker than the SP will be Berenberg trying to increase their target price.
Just like that.
One thing we’ve got on our side now is not only do we want to know what is happening with Havieron/Telfer so will Newmont shareholders (large institutions) and Newmont analysts. Appreciate that some will say Havieron/Telfer is only one part of a large company but much has been made of Newmont’s intentions post the Newcrest takeover and questions will be asked by others who may have slightly more sway.
GLA
Plus I’m sure Wyloo would like to come to an arrangement on any Nickel we might just find along the way.
Well the Wyloo CEO who has obvious links to our board says “Havieron is an outstanding orebody that we are keen to see developed to its full potential, and we see tremendous exploration potential in the Paterson range as an emerging mineral belt.”
It’s too late I already have.
I’ll be asking for it back though if we’re stuck at 7p!😁
There’s no getting away from the fact that,
If Telfer mill ain’t profitably turning
Telfer ain’t earning
Telfer’s all revved up with no more ore to go
Newmont can optimise all right, but that ain’t getting us nowhere
And all I can do is keep on telling you
Telfer needs Havieron
It wants Havieron
There ain’t no way they’re never gonna mine Havieron
Now don’t be sad
‘Cause 2 or 3 Mtpa ain’t bad
You can always tell when the weather’s been bad and I’ve been stuck inside.😀
Obviously at some point Newcrest believed it was possible that the Havieron feasibility study could be completed in December 2022. At some point in time they must have thought this achieveable.
I like to simplify things.As far as I recall the reasons given for the feasibility study not being delivered are:
1.Newcrest takeover by Newmont. Fair enough.
2. Ongoing optimisation. Fair enough.
3. Data collection involving geotechnical and hydrogeological matters.Fair enough.
So, reason 1. is now complete, reason 3. it became apparent that this related amongst other things to the lower aquifer and this is now in hand.
That leaves reason 2. and there surely must come a point where perfection must not be allowed to get in the way of progress.
Good luck everyone.
Hi gwm, I’m certainly not answering for Bamps but my take on it is:
Existing GGP shares owned by Starvest are just being distributed to individual Starvest Shareholders. The amount of GGP shares in issue remains the same.
I don’t think the Starvest liquidation will have any major impact on the overall GGP picture at all. I haven’t got a lot of SVE but the GGP shares I’ll get from them will sit nicely and patiently with the others I own.
As others have previously stated the reason most PI’s probably invested in SVE was to gain more exposure to GGP for their money than if they just bought Greatland directly, so it seems daft to me to think they would suddenly sell their “extra” shares when GGP are still at an early growth stage thus losing the main benefit.If you already hold GGP shares and are not selling them at the present price why would you sell the ones you get from the SVE liquidation?
Putting things into perspective, there are only about 58 million SVE shares in issue, that would work out around 77 million GGP shares to be distributed and most probably into sticky hands, it’s not like we’re dealing with 100’s of millions of shares. It’s no big deal.
Thanks to Stuart Hinds on X for flagging up.
https://investingnews.com/drilling-confirms-gold-system-near-surface-at-warrentinna-project-ne-tasmania/
The issue with the dam is all sorted, Willem Middelkoop heard about the problem and was quickly on a flight to Oz, he is now on site as i write. If his fund is underperforming though, just make sure no one asks him to pull his finger out.
Ha ha. I heard a rumour it was SD who spotted the problem. Whilst he was kicking the tyres on the vehicle fleet.
I read about this earlier. I’m not reading too much into it. No doubt they do regular inspections and this could easily just be a pre-emptive precautionary measure. Better safe than sorry and find it now. If anything found no doubt it can be rectified.
Any even half decent buying and I bet it wouldn’t have to be that much and we’d be at 12p in a flash. 2 x 20% rise days. Just like that, as Tommy Cooper would have said. Wouldn’t even have to be on any news.
Put it this way, If you were Byrnecut would you want to upset the largest gold miner in the world? Or would it be in your best interest to say to them “ you say dig, we say how deep, how fast”