Member Info for Ninetopprizesof

Hi TomE,

just testing whether you are doing as you preach?

Over 2 years ago Mr Biswas announced that Newcrest were going to carry out infrastructure upgrades in order to accommodate ore from Havieron.

The upgrades, part of which were plant modifications such as train mods, mag separation in the flotation circuit to lower pyrrhotite levels in the copper concentrate, a CIP circuit on the flotation tail and cyanide detoxification circuit and a hell of a lot more. The all-weather road for the haulage trains formed part of the infrastructure upgrades. The CapEx at that time was half a billion dollars.

To date, other than initial roadway clearing, none of the infrastructure upgrading has taken place.

In my view Twiggy is having Havieron BUT he will not want Telfer.

There has been lots of talk about Telfer being the epicentre of processing for all the miners in the region - Twiggy will build a "green" processing plant very near to Havieron and it will be capable of processing everyones ore. Timescale for new plant build with associated infrastructure, 2-3 years possibly 4. By the looks of things others in the region will not be looking to have ore processed before that.

Wyloo are promoting themselves as greener than green.

Private investors, especially the long term holders, will feel peeved at the protracted timescale but that's not the concern of Twiggy. Long term huge investors is the way forward. The long term privates not only don't want to hear this but they will forge ahead with their ideology of "it's about to happen". It's not!

We will have 100% of Havieron but we will not have Telfer, and neither will anyone else who has half an ounce of common sense.

And of course, Actus is aware of this.

Telfer is closing down.

Just my view of course - no investment advice blah blah... As Gervaise used to say!

Onwards we go!

In a similar vein, take a look at Nancy Pelosi's share dealings - all declared of course - but a closer look at companies she is a non-executive director of (declaration rules are different) reveal her amazing acuteness in buying winning stock. Wonder what's going on there?

Trebles all round me thinks!

Twiggy, Clive Palmer, Gina Rinehart and their old friend Anthony Albanese will decide what happens.

Done deal, in my view. Perhaps worth taking a look at said individuals share holdings - subsidiary holdings are quite revealing. I'm satisfied.

A passing on of hair pieces - that's got to be in-line with Twiggy's ambition.

Stebol, I appreciate your plagiarism, sort of reinforces what I'm saying.

ChaseTheBag @ 17:50 - "Newmont’s divestment plan should mean their 8.6% stake in Antipa will be available, it would be criminal for Shaun not to include this in the Hav/Telfer deal. Antipa’s assets make a compelling acquisition case. Near surface low/zero cover, low capex to production, trucking distance, could be producing ounces inside 12 months. In the open pit areas very reasonable to achieve a 1mtpa operation"

Bamps21 @ 18:16 - "I can’t see that happening, IGO are sat in the wings with Antipa. More likely it will be the Wilki jv. They have found an anomaly called Parklands which is sat right on the junction of the Telfer to Havieron new Highway..."

It would seem the purchase of Telfer, as Mr Day said "for a dollar" was wishful thinking.

Although Mr Palmer suggested the sale of Telfer would be concluded by end of 2024, I would suggest this is wishful thinking also.

Early to mid 2025 in my view.

MF11 @ 15:11 - "We have the super board and the relevant backers"

Did I miss something - who are the relevant backers?

Freddy2 @ 15:12 - "Tbf redirons , you take up more space on this board than most , and reading your history all you do is moan about so called trolls and suck up to everyone else . About time you posted something useful me thinks good luck all genuine holders"

Fully agree with you Freddy - but don't hold your breath, there is absolutely no sense or usefulness in his posts to other than, as you say, moan and attempt to attract the praise of the Cabal. Too daft to realise the Cabal consider him worthless and very much beneath consideration. Absolute Fool!

Tymers @ 16:00 - "Dr Pepper is still not a shareholder though you wouldn’t think it would you. Seems to know everything about GGP like an encyclopaedia"

Culpepper's posts are amongst the best on this board - it's just because his narrative doesn't fall into line with the Cabal's, and Cabal wannabe's. Absolutely nothing wrong with his posts, on the contrary he has a greater knowledge and understanding than the Cabal itself - that is why they and the pretenders try to ridicule him.

DaffyPicker @ 16:55 - "Last year on the 25th July, there was an RNS for an "Exploration and Havieron Development Update".

Perhaps we will get an update in the next 5-10 days?"

I say this in a kind way and with respect - Absolutely no chance - no chance whatsoever.

Hi Speedy, "The fact that Newcrest did not take the $85mil for the 5% and decided to walk away from the 5% is probably one of the greatest mysteries on the GGP journey"

Maybe it was an act of petulance - maybe he knew he was about to be shafted? Maybe, in doing so, he will have future "favourable" dealings with Mr Day et-al?

Dipp does make a good point " NCM were hoping to gain 5% for far less by 'winning 'the Option Exercise and then perhaps hoping for a SP crash to snap up GGP based on a frankly non FMV price discovery event."

Although that theory does raise the question - why not take the 85mil and start stalling the operations at Hav - which would ultimately push GGP further into debt / raise territory - knock on being a plummeting SP - again, an easier alternative to snapping up GGP on the cheap?

"Option Exercise - seemed in hindsight as if tailor made to sell off the project or perhaps GGP at bargain basement prices IMO by Gervaise and explains his exit strategy" - that could be seen as likely, in my view.

HaveTelfer,

I'll take a boat like Callum's, I'll even take the DB and Lambo.

2 mistresses though, might be a stretch for me. But fully enthralled by the thought!

All said and done, a few hundred % increase in our SP will set me on the road for the boat and cars, might even serve as encouragement for a couple of mistresses. We can but dream!

MF11

GDXJ and GDX isn't something I'm au fait with. What is the "crossing point" whereby a miner qualifies for inclusion in both or one or the other. I don't get it to be honest.

Thank you Culpepper...

The overlap between the two funds is 31.82% as of February 2023. It's important to note, especially for income oriented investors, that GDX has roughly 2.5 times higher dividend yield. Both funds distribute cash to their shareholders once a year.

MH01 and HaveTelfer...

I didn't know such a thing could happen.

As HaveTelfer mentionsthe likes of Kinross are in both indices.

I've taken a look on VanEck's website but can't seem to find anything conclusive.

I'm not saying I don't believe it but some sort of link to a reliable source would be appreciated.

Cheers

Hi Benrumpson1 - yes I agree, it does seem quite scary - but in all honesty dividends isn't going to happen any time soon - maybe in 10 years time. All possible scenarios do not lay favour to such a thing in the short term.

Any recent news on the road construction - Havieron to Telfer, was a question raised on one of the Australian boards that I follow.

A claim was made that there is some talk of Mr Forrest wanting to push forward the technology of Fortescue's clean energy unit.

Seems like they have achieved their goal in the development of a battery for heavy industrial use, including haulage trucks, in the main thanks to Williams Advanced Engineering - which Fortescue bought back in 2021/2022.

Another poster noted that Twiggy wanted his companies to be carbon neutral by 2030, asking if the building of a new, carbon neutral processing plant for Havieron was more in line with his ambitions rather than buying Telfer?

Will he invest further in the Havieron project if his demands for carbon neutral are agreed to?

Food for thought.

Timster, thank you for the pointer - have been all over it like a bottle of pop. More interested in what is not presented.

PL75 - Early opinions of richar duly noted. Hope you can keep me smiling should we take an unwarranted, or otherwise, dip.

Onwards we go.

Pretty new here, like I said before, haven't got the time to work out who is who here (still diving into the ins and outs of what's happening company-wise).

Whilst having no wish to court controversy, any (genuine) pointers would be appreciated.

Onwards we go.

PL75 - that's comedy mate - nice one.

If we set aside resources and just look at the reserves of exploration and development companies within a viable distance of Telfer, are there any that can come up with a solid business case as to why they should be backed financially?

I suspect there aren't, unless of course someone has an interest in buying Newmont's 70% of Havieron - possible but highly unlikely in my opinion. (subject, of course to a 100% takeover of GGP)

One recent example being Antipa's Minyari which is 35 km from Telfer - 2.6m ounces resource - no chance of financial backing to buy Telfer.

There are a good few exploration companies in the region with decent finds that will be hoping they can put their product through Telfer on a toll basis. I would suggest they are minded not to upset GGP in its execution because if they do, GGP could point blank say - no processing here for you guys, which will lead to their demise and GGP will whip up their projects for next to nothing.

Is it possible that Mr Day and his big hitters have already had these conversations?

Just my view.

Okfornow - depends on what you consider "quick" to be.

I'm confident that all will come good with GGP eventually but "quick" is definitely a word I would not consider using.

If your definition of quick is a couple of years at least, then all is good my friend.

But of course , no-one on this board really knows how things will pan out - currently, being in limbo with what not, its pretty much a jumble of opinions, views and hopes.

Hopes seems to be the overwhelming verb here.