Member Info for notrader

Starbright - but you are incorrect in saying production in 23 would be a "a whole year from what the JV partners are saying"

Fubar - many thanks for this info.

Starbright - anything you wish to change in your post taking this info into consideration?

Starbright - totally irrelevant post. He was talking about GGP not NCM.

Joe - why do you feel the need to post on every thread, even when it adds nothing to the debate. It's almost as if you were getting paid for each post.

Maxwell - can you cite the regulation that states no declaration has to be made until the order has been completed in full.

The FCA regs are quite clear that notification must be made whenever a prescribed %age threshold is reached or passed.

My feeling is that it's about the definition of 'first ore'. I don't know enough about mining regs, particularly in Oz, but I suspect they cannot 'mine' ore until licensed to do so by the authorities. Perhaps others can clarify. I think there will be a process - NCM make the formal decision to mine, apply for a permit to mine and no doubt other bits of paper from the authorities (eg environmental). Only then can they officially begin commercial mining operations.

However, Havieron is already unusual in that work on the decline has begun well in advance of the official decision to mine (still in the 'exploratory phase and therefore not included in Capex costs) and I expect that once they reach the ore body, they will begin to extract ore. They can classify this as still 'exploratory' and necessary for testing the systems and checking compatibility with the Telfer equipment. Is there a limit to how much they can extract for this purpose? Perhaps they cannot sell the product until licensed? But it is very likely that there will be gold produced before the official first ore.

Joe - " falsely portray me as GGP negative when my GGP sentiment has never been anything but positive."

Joe your early posts on this board were clear criticisms of GGP, its BOD and CEO. There is very little 'balanced' in what you wrote:

"no one other than key insiders know how this will play out but the facts over the last 10 months suggest something is going on and sentiment is continually being destroyed when there is enough good news there to build confidence in the SP. I ask myself why and I can't think of one good reason where it benefits shareholders.
"my question is why they are not doing everything in their power to regain sentiment and bring the confidence back to the SP. They put a lot of effort into the sales pitch but not into what really matters to shareholders and I don't understand why the majority don't get that. He was less than convincing in regards to takeover, I posted many question asking about it in that q&a but all ignored. We could be watching a major heist in play.
"regarding takeover comment I hope not but it wouldn't surprise me the way things have been going since January, something just isn't quite right and I don't understand why more people don't show concern.
"they [GGP] were happy to release meaningless sentiment destroying scally results early January, but have made no effort to release anything in 10 months that could help restore sentiment, I question why are they happy with this situation.
"Good points Canary, but in 10 months you would expect to see some movement back to where we were given there is no bad news other than what Berenberg print, yet the PFS chooses to exclude all positive drilling results since price drop in January. All a little too convenient in my opinion.
"I have no issue with the spike and pullback, it is the lack of addressing sentiment over the last 10 months since they [GGP] destroyed it in January"

Thread gone, but interesting that Joe and Freddie turned up on it, on cue to defend the troll. In the interest of balance of course.

Joe - ok, I'll spell it out for you. If you were new to this share in Sept last year, you couldn't, as you have claimed, bought in at 2p.

Joe - "im not a knocker and I have done a lot of homework since 2p and invested a lot of money" and, in Sept 2020, in your first post here "All new to me, just heard about this and wondered if there was a general view of what will happen to the SP in the short term"

You must have been lying then, or you are lying now. Which is it?

Kevman - you are making big assumptions about other people's opinions. It is not my opinion that NCM will 'want us out of the picture'

BabyInvestor - I don't think Terence Van Der Hout mentioned Havieron specifically in his intro, just that his investment company's strategy is directed towards looking for small explorers to be bought out at some stage by bigger miners; as he says, most explorers lack the resources to go it alone to mine the assets. He did mention later, as you say, that he expected NCM to take over the whole project, but remember that he also said "I love takeovers" so perhaps he has some bias. When he mentions NCM 'takeover' again later, he is immediately contradicted by Willem Middelkoop. So take your pick over who you give greater credence to. They are both guessing.

KP - accounts still there, only posts removed. Admin moved quickly, which proves reporting can be very effective.

Reminder that Colin is the guy who bought on the spike in January expecting production to start this year. Not sure which RNS he read that in.

GGPTHRU - sorry, but your own quote only specifies processing costs for the ore. The capital, operating and haulage costs mentioned are those associated with getting the ore to Telfer and processing it. GGP will have to cough up their share of the Capex to develop the mine so that the ore can be extracted.

GGPTHRU "Guess that's everything paid for too then"

Errr... no. From the PFS: 'Having now completed the Study, Greatland is obliged to fund 30% of all project expenditure going forward and Newcrest is obliged to fund 70%'

Southwestern - I feel really sorry for you. You are trying so hard to cast negatives out of zero supporting evidence. How can you disparage an initial analysis that gives an average indicated grade of 4g/t. Perhaps you can find examples of other projects, either current or historic, that compare to this, or to the Capex figure, or the AISC, all with high assurance of massive upsides to come over the life of the project.

The criteria for the indicated resource in the PFS is much stricter than that of the inferred figure previously reported, but the level of assurance that the resource is mineable is also significantly higher. You should read the whole document, not just look at a few selected figures. Read the bits about potential exploration upside, and understand that this PFS only covers a small portion of the overall Havieron project. The whole emphasis that NCM has placed over the past few months is to fasttrack initial production - there will be many more phases to come in the development of the project.

Redirons - did you actually read all of my post? Did it read as if I was actually expecting negative news? Absolutely no idea about what you are trying to interpret from what I posted. And good luck to you too.

Olderandwiser (and others) - I am, like most here, looking forward to the PFS, but not getting overly excited by it. To me, the only downside would be an announcement that it has been decided that it was not economic to proceed with the Havieron project (as if!)

Anything else is just another stage in the process, whether the declared resource is 2moz or 10moz, it means the project is ongoing and will proceed to the next stage. I don't even care what it does to the SP, because it is obvious to those with knowledge of the big picture that as long as the project keeps meeting its key stages then the value to shareholders will follow. And that's just the small part of the project that will be covered in this PFS.

A reminder to those engaging with Colin that when he bought into GGP in January, then got caught on the spike with an average of 30p+, he said 'I want to see income this year from selling product not by delaying the mining'

He had no knowledge of the company when he invested looking to join the GGP gravy train, and I doubt if he has any interest in the company other than its SP which he regularly commented on when it was dropping.