'Why would they want to let go of a Tier 1 asset!? doesnt make any sense'
Because its a business - if the money is right you take the money move on and expand the business elswhere..We shouldnt get hung up on that - we need more than just Haverion to drive the share price up
I dont think folks are reading the RNS before commenting.
""Under the terms of the farm-in and joint venture agreement which governs the Juri Joint Venture, Newcrest could elect to become the joint venture manager at any time following an initial period. Newcrest has now exercised its right to do so""
Greatland had no choice in this change of management - its was agreed when the JV was written up - so to me its neither good or bad news - its just normal business for a couple of companies with a JV - lets move on
More info on that nz gold mine - I think it was closed before my visit and re-opened becuase price of gold shot up -looks like they are now mining under the pit https://oceanagold.com/operation/waihi/ i just post this because for ages I really wanted to ask a dumb question....or two....
A . why not open cast mining....? too big too deep
B. if the ore is so great... and you want it all out - how do you stop the whole thing becoming a hole anyway...
C. in my electrical engineers mind I would mie from the bottom and let gravity do the work of letting it slowly collapse..
I wasnt trying to be thick - was assuming revenue figure you mentioned was price of gold x gold mined without any operational costs in the equation.....
I was then trying to think of operational costs ( and I have no idea - but assumed that was a lot) would be subtracted from revenue to give profit... my mistake
Bamps, thanks.. you mention revenue but what about costs and the bottom line - any ideas on that...seems like the profit could still be quite thin on those figures - or am I wrong??
money to be made at these levels....agm time - rm will scratch his ****, wink at the camera, tie his shoelace in a funny way and the beleivers will be buying as they always do......
RE: BP spends $23 million on WA agricultural property for green hydrogen, renewable plans19 May 2023 18:33
Well in the end H2 production is not that easy or 'green'....its definately going to rely on huge quantities of electricity to 1. produce the water you need. 2. convert the water to H2. 3. Convert the H2 to liquid H2, 4. keep the liquid liquid...
huge quantities of water needed to use as feedstock for H2 and for cooling during electricy generation ...I read a report recently that you would need around to almost double the amount of power generated by the US to have a transistion to H2 production...water that could be used elswhere.....crops etc
RE: BP spends $23 million on WA agricultural property for green hydrogen, renewable plans19 May 2023 14:55
Oops - forget my last post
""From my backpacking day in Oz years ago. The country is so huge with massive areas of relatively low yield land due to lack of water, perfect for solar projects. So why do BP need agricultural facilities. Just wondering.""
1 litre of water will produce 110g of H2, so I guess as well as using solar power - they need water - lots of it. I assume though when they burn the H2 they can recover the water.....