Keep a visual of the Lassonde Curve in your mind folks. At some point GGP will take off again. It’s up to you whether you wish to take part. We have followed the theory of the Curve to a tee.
RE: Sale process should Accelerate7 Mar 2022 14:56
Surely it is not so simple as that. If the West continue with heavy sanctions on Russia then not many will want to do business with Russia, otherwise they risk being sanctioned. The only way this improves quickly is if Putin is either removed by his fellow Russians or is killed. Otherwise his personal war for his ego will continue on.
You forget that costs rise too. Look at the current oil price for example. Inflation will lead to costs increasing for miners. Higher energy costs and higher salaries for sure. As long as the margin is maintained though via a higher gold and copper price, it should be okay.
6mOz at $900 profit/ounce at 1.32forex at 50% allowance for risk = £0.48 per share. Change variables as see fit. Plenty of upside. Time and patience required though.
The world may have found new sources by that time though. Nobody knows. Europe is already looking for alternative power supply. That could expand to wheat and other commodities that were bought from Russia.
Fundamentals have changed. There is a war going on and anything Russian is on the nose globally. Sanctions, exclusions, expulsions, seizures… I’d say things have changed.
The deadline as you call it is December 2022, one year from when NCM exercised the right to buy the 5%. Subsequently NCM said they hoped to agree a value by mid-February. Clearly that was ambitious to say the least. That’s not a deadline. You need to re-read the announcements and calm down. Too many creating unnecessary angst both for themselves and others.
Silence is deafening? Shaun and NCM have advised negotiations are in progress. So until they have something to announce then there is nothing to announce. That’s business. They can’t front run an announcement firstly, and secondly if they agree then they’ll agree on the Comm’s to announce. Just let it happen and chill.
Only paranoid people would say NCM are playing games. NCMs focus is Telfer and getting ore feed to their hungry mill. They aren’t sitting on LSE worried about pulling GGPs pants down. Some people need to get a grip.
There is this thing called the weekend. Other than that, the same conversations have been ongoing over and over for ages now. It’s not like today some new news appeared to discuss.
Who in their right mind would sell their golden goose? Without Hav there is not much left within GGP. Northern Star had a ‘starter mine’ to launch to bigger and better things. GGP needs the same. You don’t sell your main income producing asset. Seriously guys.