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Question - when GGP puts out RNS about their MRE updated, will Newmont also have to put out an RNS given they are the majority owners of the asset? I would think it would just about hit a materiality threshold for them, despite their enormous size, and even if it's GGP's MRE it's about their asset too?
I think 'algorithm' is a bit too grand a term for it - they just look at the best bid & offer shown at time of trade. If the traded price is exactly between the 2 it is shown as 'unknown', if above the midway point shown as a buy, and if below shown as a sell. Whether they are 'buys' or 'sells' isn't factually known, but trades above the mid point tend to indicated buying interest and below selling interest....BUT the best bid and offer price are shown by market makers, and whether they choose to accurately reflect where they perceive supply or demand to be is another question entirely!
Telfer classed into this category, which suggests it stays in?
"Full Potential improvements:
– Increases productivity and reduces costs and
through mining and processing improvements
– Rapid replication of leading processes and
advanced technology"
Gordon Brown announced he was going sell gold off in advance, triggering the gold price collapse he sold into and costing the taxpayer millions. Whether you think selling it made any sense at all is one thing, the way hi did it cost all of us a bundle!
I think our share price has pretty much followed overall AIM market development over past 12 months - so not good, but not reflective of a company level disaster, rather a tough spot for small negative ebitba companies. Where we differ from other aim companies is that we don't really rely on demand for a 'product' - it's more about ensuring we get to the point we can generate revenue to cover costs inc. debt interest etc. I think we will, but as everyone says it's not in our hands. I think our mgmt is positioning us appropriately and hopefully not too many storms ahead to get through - I think we will get there!
Bamps - re: Rio Tinto having no interest - completely disagree with you and don't think your view is consistent with their messaging on growth strategy. Whether it's 'wishful thinking' or not is a different matter, depends on valuations etc. etc. But my guess is, when the cards fall, there will be a major player operating telfer and with multiple interests in mines in the region.
Isn't this the local administrative entity that sits under the current Greatland main (UK listed) entity? There as a local aus entity needed to pay the rent, tax (one day!), salaries etc. But under full control of main entity. I would have thought asx listing will require establishment of a new holding company.
IOT fyi https://www.cnn.com/2023/05/05/economy/australia-china-exports-record-intl-hnk/index.html
Looking at recent moves around Juri and Rio JV, seems like Newmont, via Newcrest + GGP are establishing a footprint that may be able to keep Telfer going without having to negotiate/rely on others outside that group. Leads to thinking there's potential for Newmont to acquire GGP or keep us as a tight partner in the region. Maybe...
Dip - to your earlier post in final para "as earlier shareholders we carry more risk but hopefully more rewards in the longer term" - that's exactly why some of the explanations around dilution that have been posted here are misleading. It's easily researched, but as long as debt financing is obtainable it will nearly always be better for 'earlier' shareholders than raising funds through issuing more equity.
JS - it doesn't really matter but you keep posting factually incorrect statements about what dilution is/means, which means unnecessary confusion.
https://en.m.wikipedia.org/wiki/Stock_dilution