The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Was in two minds about attending the AGM in person on 14th Dec ….. this evening’s RNSs have convinced me to go. I think AOB and any post formalities opportunity to speak to the Chair/ Board members attending plus fellow investors might be interesting. GLA Mel
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of technical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS because we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda(s).
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
That’s right. His remarks were in the recent investor meet company Q and A session and wag at he actually said was “…… the hammer will come down” and he went on to refer to “….at 30%, 50% or 70%”.
Any of those percentage premiums to the present SP, especially given today’s latest driving report, would be a total travesty in my opinion. Nothing less than a steal.
Someone mentioned a share consolidation. Inclined to think that has some merit given what we have now and in prospect. Moving off AIM to main market might also help reduce or cut out the games being played.
Those results just announced were fabulously good. Nobody is having my shares. GLA Mel
Folks, Scandivanadium (SVD:ASX) released an announcement on the ASX dated 30th September 2020 setting out results of its HEM surveying of Pascalle. Can be found by searching ASX historical announcements for SVD now part of PRL. An interesting read. Great location for sure but prospectively for presence of massive sulphides … not so much. But with a bit of Callum’s magic who knows. Apologies if someone has already highlighted this announcement. GLA. MEL
Put on a good show today ... particularly liked the glint in Shaun's eye when talking to potential for a 2nd decline and electrified conveyor systems. in fact, other than being careful to manage expectations about the PFS being principally (i.e. only based on the 4.2m or a closely refined version of that MRE) to support the "fast start", there wasn't a single thing for investors not to like. Don't expect fireworks from Newcrest tonight but more of the same will do very nicely. GLA Mel
An important announcement this morning into a key role. Entirely consistent with SD’s recent comments about improving governance… this is a proper Company in the making. Looking like a stable platform forming under the SP too. Very encouraging. GLA Mel
Evidently not my 3750 buy at 10.11.26 which needless to say shows as a sell. I have rustled up enough to buy another 100,000 shares on another account… question is when should I press the button? GLA Mel
Indeed, what a contrast. Pretty sure this interview was put out quickly in response to feedback on Thursday but whatever, SDs straightforward answering of most of the Qs ( posted on Proactive Live) was welcome.
Perhaps his focus on strengthening governance says something about what it enables going forwards and adds to the sense of why Sean was brought in to transform the company. See him positively beam when mentioning “green gold and green Copper”?…. shows keen awareness of the need for miners to demonstrate high ESG standards which is becoming a prerequisite for investors and fund managers. Despite a weak start to the SP, I feel a good deal happier than last week. GLA Mel
Uptight? It must be because I’ve never seen £750k of paper profits disappear before! Easy to be wise after the event of course. However, I’m concerned that figure is going to get higher still before it gets better. In fairness it’s not just SD’s action or inactivity. We are swept along by wider market forces and I have a particular concern if inflation worries prompt an increase in interest rates and or USD FX on POG. Some of this must be being baked in to our SP already. Is it enough? GLA (Uptight) Mel
I bought the Big Picture Paddy but when there is so much else Sean Day could have presented on re GGPs other projects, including the JV in which GGP is the lead manager.. it would have been perfectly reasonable to have parked Havieron on this occasion simply saying he was looking forward the the next drilling report and focus on the rest.
So here we are, little wiser on timing, content or cost of progressing our 100% owned land. Nothing on fundraising or need for it? Nothing on possible divestments? Nothing on CG’s new coverage? Tbh I don’t have a clue where SD is taking us. Yes I saw the obligatory strategy slide. Merely text book stuff a business studies student could have written. multi billion MCAP, perhaps, but sounds like decades away to me unless there’s another lucky strike or some corporate action. Sean would have done us all a favour by not doing that presentation. Watch the SP keep falling. I’m still in profit personally but feel for all those who aren’t and must be wondering what their next move should be. Patience this last 6 months has been a disastrous strategy. GLA (we’ll need some) Mel
That’s what I heard too but I think it was always likely to be based on or around this level. The key will be the indicated MRE as infill drilling results are incorporated. For the sake of the SP I hope it’s higher but there are no guarantees it may be a bit lower. What a disappointing presentation, content, style, and even authenticity . The CEO is using positive language but somehow it just sounds hollow. SD appeared unfazed by the calamitous share price drop. Bet he’s glad he’s not a holder. GLA Mel
Seems pretty clear that no one knows how to value GGP just now; neither II's nor brokers, nor PIs. The price is drifting downwards under the drip drip weight of selling and in the absence of more truly transformational news. The positive NCM drill reports are apparently being taken as read so aren`t the catalysts for a re-rate they once were. Question is.... will an updated MRE and PFS be the spur we hope for. I`m still positive and holding but TBH its getting harder each day this goes on. I worry about potential for rising Interest rates to hurt POG and goodness knows what impact anything other than a hit on the Juri JV drills would do to SP if released before next NCM update(s). SD will hopefully bring news that steadies the ship. I'd be delighted to see 22p next week GLA Mel
I'm no fan of broker notes, research quality is variable and you have to ask for whose benefit they are written. I don't for a moment think the content of this CA note has any bearing on the set of results being unveiled this evening. All that said, given the level at which SP has been stumbling along lately... 25p sooner rather that later sounds good to me. GLA. Mel P.S. I did like the remark about liquidity and their view on funding. Hope that bit's right too.