Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
You looking at the futures market prices? Spot price high is $2287 here https://goldprice.org/spot-gold.html
Fingers crossed the gold price is around USD$2,500 by Christmas and copper $4.50. With production starting 2025 that’s got to make the ore very valuable. Gold is ATHs in Aussie dollars so it’s looking positive, just need to resolve who is owning what ref: Telfer/Hav/JVs.
When you say first dibs I assume you mean the board issuing themselves shares to raise monies?
Why would they though? Why not let IIs pick up the tab, and/or a banking syndicate via debt. Pointless diluting the company to death and in turn themselves (share options) … that’s not in shareholders interests.
Have you read the rules governing the company to know this? The M&A and subsequent resolutions passed?
Are you insinuating the board is untrustworthy?
“Be seen”… meaning the board is insincere and false?
You post quite a lot for a fella not invested and sitting on the sidelines mate. One do you’re negative and the next positive. I can’t work you out.
Culpepper your position is very understandable. Tig did the same, sold GGP, money in dividend shares, waiting for clarification before buying back. No problem at all. The obvious point against that is if GGP announce news that is amazing and the SP pops up a long way. Easy to say that in hindsight after ground breaking news. So you decided to sit on the sidelines and wait for further news, that’s fine. We all hope that news will be mega!! And GGP will finally lift off and the Lassonde Curve will be in play.
He loves the gold chart..
https://youtu.be/J3XqWinwG_I?si=lCn8rEveNDH9jdqe
Https://www.ggpchat.co.uk/viewtopic.php?t=903&start=20
"Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
Post by Shinybits » Fri Mar 29, 2024 12:15 pm
The rehab cost of $160M would be the stuff of dreams… the head enviros and engineers at Telfer and the off the books word from DMIRS suggests a conservative figure of more like $5-600M (AUD that is) and apparently the available volume of topsoil required has been grossly underestimated for one thing, might seem trivial but not cheap to acquire what you don’t have, let alone in the middle of a desert that is as big as the UK.
On Wednesday of this week teams from both Greatlands and Northern Star attended Telfer for an overnight trip. I make no suggestion of any potential collusion but it seems a bit odd to the interested observer that they attended on the same day? Given Northern Star stated publicly that Telfer did ‘not fit within their investment profile’ when the Newmont takeover of Newcrest was first mooted it’s interesting that they have come for a look now.
In any case word from up on high suggests both parties were particularly happy and impressed with what they saw.
Has there been any suggestion of a collusion? Not suggesting or speculating, just asking.
The current expansion of west dome was just approved the week before last, which should see the west dome through until end of 25. Not sure if that’s calendar 25 or FY25, Australian financial year is July to June but US (NMC) is calendar year.
I wonder if enough value has been placed on telfer’s infrastructure? Three primary crushers, 2 SAGs, 2 ball mills, two entire trains of copper and pyrite notation, a copper larox, a whole COL circuit and a circuit of CCD thickeners surely would be worth seriously questioning the value of building a new plant, and all for the cost of a conveyor of a distance hardly ground breaking.
If they wanted to delve in to the future, they could investigate tear drop cross section conveyors, used in Europe to cross valleys. Eliminates camels tripping pull wires, minimizes environmental issues of wind and rain… thinking outside the box never hurts.
Just a few thoughts to ponder before I get shot at 😆"