Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
".Without volume and favourable market sentiment etc , sp's are going nowhere .This has nothing to do with SD , but has everything to do with the current AIM market climate ."
Spot on. I shared this video yesterday and 16min48sec Bob discusses this very topic. Volume, sentiment, and when to buy. Worth watching and only a few minutes of your time.
https://youtu.be/ML_xEzuVRf4?si=vJsaLki-cutwhKp4
"I do think a psychological game is being played here on GGP holders - gold and copper are ripping and looking like it's the start of the next long-term uptrend. To deflate the GGP price in this environment has 'force some pi's to capitulate in despair' written all over it. So if long term holders are feeling he pain here then they'd be wise to switch off and ignore until it eventually flies .."
I agree. The disconnect between the share price with the gold price, copper price, resource size, resource potential etc is surprising. Until we have clarity on the future direction of Telfer + Havieron I wonder how long this will persist for.
Not a great quarter. Closed for a large part due to the tailings dam problem. Annual forecast is 230,000 ounces so 204,000 for 3 quarters. Plus 8,000 tonnes of copper forecast for a year.
https://s24.q4cdn.com/382246808/files/doc_earnings/2024/q1/presentation/Newmont-Q1-2024-Earnings-Presentation_Final.pdf
From about 16 minute 48 seconds … relevant https://youtu.be/ML_xEzuVRf4?si=NLE_R2nHuILFa6pR
"Lundin Gold (TSX: LUG) has negotiated a deal with Newmont to buy out the remaining stream credit facility and offtake agreement for its 100% owned Fruta del Norte mine in Ecuador, relieving the company of its debt obligations to the world’s biggest gold miner." https://www.mining.com/lundin-gold-becomes-debt-free-with-330-million-repayment-to-newmont/
"Cash is a preference but as can be seen with Lundin deal, they seem open-minded." - note the Lundin deal is for cash, split into two instalments totalling $330m. Lundin purchased both the remaining stream credit facility and offtake agreement.
Https://twitter.com/PeterSchiff/status/1783521278151770158
"Newmont Mining is now up 10.5% following better than expected earnings, but the rest of the mining sector is barely positive, with many stocks still trading down. It's as if good news from $NEM has no positive implications for the rest of the sector! Wall Street is still asleep."
Pointless arguing with strangers on the internet here. This company at some point, when they can actually do so and not beforehand, will provide a market update on the decline, the aquifer, and hopefully buying Hav and/or Telfer. In the meantime nothing we write here will change what the share price does. Nobody likes a falling share price. Either hold on for a change, or buy more, or sell. The Board know of their duties to shareholders. I am sure that Callum is not pleased seeing the share price given his 100+mill shares when he said to Liam he believes the company is worth a lot more, and he is patiently waiting like the rest of us. Wyloo want a return on their investment. Employees have incentives tied to the share price.
John my opinion is that selling Telfer + 70% Hav + other Paterson interests is complicated. Otherwise if it was easy a deal would have likely been agreed by now. Newmont made it clear they wish to divest. And we have had news of various parties being onsite at Telfer the last month, including GGP.
All we can do is wait. Also Shaun cannot inform us either as it is highly sensitive and not in our interests to discuss what is happening behind the scenes publicly, until it is time to make a public annoucement.
Https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies.pdf
Restriction on deals
21. An AIM company must ensure that its directors and applicable employees do not deal in any of its AIM securities during a close period. In addition, the purchase or early redemption by an AIM company of its AIM securities or sale of any AIM securities held as treasury shares must not be made during a close period.
close period -
(i) The period of two months preceding the publication of an AIM company’s annual results (or, if shorter,
the period from its financial year end to the time of publication); and
♦ if it reports only half-yearly, the period of two months immediately preceding the notification
of its half-yearly report or, if shorter, the period from the relevant financial period end up to and
including the time of the notification; or
♦ if it reports on a quarterly basis, the period of one month immediately preceding the notification of its quarterly results or, if shorter, the period from the relevant financial period end up to and including the time of the
notification;
(ii) any other period when the AIM company is in possession of unpublished price sensitive
information; or
(iii) any time it has become reasonably probable that such information will be required by these rules to
be notified.
Https://uk.practicallaw.thomsonreuters.com/3-100-3459?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=The%20Code%20prohibits%20directors%20from,possession%20of%20price%2Dsensitive%20information.
The Code prohibits directors from dealing in shares:
* On considerations of a short term nature.
* During a close period (defined in the Code).
* When in possession of price-sensitive information.