Member Info for Naylor442

Cannot fathom how we are down 10% today when all we have had the past 24-48 hours is more and more good news.

DGR - following that logic investors would never get a dividend whilst a company also has debt. NCM for example pay out dividends whilst having debt financing in place because a mixture of equity and debt gives an optimal capital structure in order to minimise its cost of capital (debt typically cheaper than equity to a certain point).
It doesn't make sense for GGP to sit on pile of cash unless it is being put to work, and if we are going to have a cash generating asset up and running then we do not need to retain all of it on balance sheet.

Pretty sure NCM can't pay a special dividend to GGP shareholders.

Think you hit the nail on the head Yellowstuff. If we take a step back and consider Havieron with respect to other mines, then even IF we were to find no further traces of gold, the 6.5moz in our latest MRE still puts Havieron in the upper echelons of gold mines.
We are already a top 10 global gold resource and we will only continue to move further up the list.
Grasberg and Muruntau we are coming for you.

I would take no notice MrEMC2. He needs a reality check sometimes and to read back his own comments. He would jump down the throat of someone if they directed a comment like that at him.

It's not a competition Hydrogen., for some people 33,700 shares may be their life savings. Give it a rest.

Regardless of who released the RNS, all it did was confirm that there is EVEN more proven and inferred resource…all over and above 6.5moz. So basically 6.5moz is already an outdated MRE.

Big Phil at it again. What do him and Colin know....?!

Hydro come on dude. I appreciate that there are shorts, but don't say well over 50m, then you follow up with 'I expect 52m'. So you don't know, and its a 4% increase.
I thought yesterday you were also now saying they'd decreased the position below the disclosure threshold.

What is the actual figure now? How much over 50m is it?

Is it too simplistic to apply the following methodology. Gold Price range 1,500 - 2,000 and a fixed AISC of 643. This would give an implied profit per oz of 857-1,357.

With a total mineral resource of 6.5m oz, 30% would therefore be worth 1.67bn - 2.65bn, meaning the FMV of the 5% would be 279m - 441m.

Now up 21% vs 4% GGP...makes sense (not)

But it was Tig's idea to email...general consensus yesterday was that it was abhorrent to question Tig or the stag gang...

Great post Redirons and I completely agree with you.

Comments such as "That has to **** them off" are frankly childish and counterproductive. We want a cooperative JV partner, we don't want to further sour the relationship.

Whoever Phil is, he's made a tasty return so far!

Any one have any idea who Phil Hall is?

The point is Bamps that a lot of people also do not. Just because you do does not mean everyone else does, therefore I don't think its necessarily a bad thing to view things with a degree of skepticism.

I know, imagine questioning a random person on an internet chat boards authenticity...crazy.

No. Our share in Havieron will have reduced by c.16.7%. Post sale however, it will be a case of that we previously had 20% more.

Knocky I don't think you understand what an "independent" arbiter means. They also have their own reputation at stake if they just "settle for the low calculation".