The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I think, as ever, Charles Archer put it quite succinctly in this podcast! Uncertainty is a black shroud for most new investors. They need some certainty as to direction , which of course is what we are all waiting for.
He went on to say that if SD does find a way, through debt & equity to buy the lot, then there is still high risk, which of course there is; but then the rewards are also high if longer-term.
Not for the faint-hearted but after the past three plus years...we could all be like Paul Johnson in this piece if we cut n run....a lot worse off in the end!
You either believe or you don't and not an easy choice..but 6p doesn't cut it for me! I am 'down' at this point so not even considering it. But no one said it was easy. We all deserve a break!
GLA!
I agree everything is possible if if if and when. And it looks like we may well have picked a gemstone amongst the dust here with GGP given the perfect storm ;
But can we pretty please just get to the 20 p mark first so some of us can rest easier !:-) and never dip down to these rotten levels again.
Thankfully I don’t have a heart problem but if it keeps dipping downwards I might have !!
Waiting for Shaun’s next big move. All is crossed for the biggest one !
I add here, that having spoken directly to SD on several occasions, he has consistently repeated that his team and far smaller leaner outfit would be able to greatly reduce the costs of running Telfer if we acquired it thus maximising profits of anything extracted.
Also as a financial man with a history of being CFO , he knows how to operate in a lean manner and will extract high grade ore first to secure FCF going forwards.
Not saying this will be easy or straightforward. Mining is not a straightforward or easy gig..just look at our lower aquifer issues and the current Telfer stoppage.
But high risk high reward.
Doesn't mean I sleep easily at night during this journey....but noone can say it hasn't been exciting and educational!
Interesting debates !
My mere £1 within 3-5 years is looking more possible imho if gold reaches 3k p/oz and dependent on capex and if we secure Telfer/Hav 100% with a listing on ASX.
If we get another strike on a wholly owned asset on top then more!
I haven't considered a 10k p/oz gold value as yet as I am pacing myself...lol.
But 20p is not what I am sat here patiently (impatiently at times !) for.
Bearing in mind our MD's prowess at negotiation and strategic vision plus the hefty BOD plus all of the recent hires plus our opportunity currently and bearing in mind our world renowned and safe jurisdiction and prospecting fields plus an ASX listing bringing onboard more and more institutions and pension wealth going forwards...I do believe in my £1 at 3k pog if all this comes to pass.
The rest if this happens and all uplifts to unheard of levels...then yes....more if entirely feasible but not for some years.
There is an awful lot riding on whether Shaun first acquires the lot at this stage , is my thinking. If he does...then anything more is possible!
GLA!
Whilst the gold price elevates our value of produced ore it also enhances our value in the ground to potential buyers / sellers yes.
So the sooner a deal is struck clearly ,the better.
The negative value of Telfer to certain parties however , is a lever in our armour. Imho
Clearly from Proactives just released video with Shaun he is still alive and well and not captured by our competitors vying for Hav and Telfer! lol. Good to know!
He again expounds the relative value to us of an increasing POG!
Let's hope the golden gods are shining down on him and us for this opportunity that is before us! Quickly!
Caught up on the gold webinar with the highly respected and eminent golden oldies featuring on it.
Extremely interesting discussion on the future of this bull market we have entered in PMS mainly gold and silver speak.
Of course they are heavily invested in this market but as a result extremely knowledgeable and follow alsorts of charts; analyses; market data; etc etc etc. So worth hearing 100%
Speedy's predictions for past years, certainly came into the conversation at times....so at the top end incredibly high forecasts for gold levels.
I came away with a few soundbites that appealed hugely in our case though, for those of you who don't want to research into heavy PM speak (you should by the way if poss!):
On miners:'' they'll be free flow cash monsters'' (if this all comes to pass, which in my view it currently is!)
''we have entered a bull market for the 'risk free' as opposed to the 'pseudo-risk free' (ie dollars etc)''
Re copper- ''you're always going to need copper to transport your electricity''
Range of forecasts....Christ it was from where we are now up to some $ 19 000 p/oz in 12 months...
However Pierre Lassonde (inventor of the curve himself and a billionaire through it) thinks more conservatively in the near future to around 3000 Plus ish.
That'll do us.
C'mon Shaun! Get a move on before NEM change their minds!!!
GLA!
I'm sure a lot of you won't agree with me but though there are clearly paid bashers on the board at opportune times (for them!) to pile on the negativity. I do also think there is a little hysteria unnecessarily over the likes of CP anD F2 on here at times and over on ggpchat.
Many of the snipers are innocuous and simply bored or born whingers with nothing better to do!
Now on ADFVN...a ton of bashers galore! Shameless...and priceless for their inane commentary all at the same time!!
Focus on what you believe and stay on course if you are here for that reason. Otherwise ignore the lot!
GLA!
Silence can be 'golden'!
My hope and vision is of SD peddling furiously beneath the waters surface with a view to causing a future tsunami to shake up the Paterson once he has negotiated a deal!
I get that it seems we are unloved. After all NCM purportedly walked away from a further 5 % and NEM walked away from the lot!
A deep cavernous orebody with an ailing milling plant alongside it, may well not to be to everyone's taste and they can afford to move on.
SD on the other hand, is trying to form and grow a new' kid in town'...a tiny explore turned miner who will grow with the region and with his formidable team of heavy hitters.
All someone needs to do is water the grass that is the Paterson, because there are a ton of tenures waiting to be groomed, watered and nurtured to bloom hopefully into new golden trees across that currently barren looking dirt!
I hope I am right. I think I am right. Hence I am holding tight!
JK Rowling's Harry Potter got rejected by hundreds of publisher's before one took her on. More fool them!
GLA!
This article was one of my favourites last year as Charles had a good way or articulation GGP with clarity plus of course , I’m in agreement with his analysis at the moment.
But here’s what truly keeps me here … despite the rollercoaster & these lowly lows in SP :
“ other than the strong financial position, the key point to understand is that half a management team of one of Australia’s most successful miners is now running the GGP show, financially backed by its multi-billionaire founder. These people do not back losers.
And they don’t care where the share price is now — they care where it will be in a few years.“
A lomhterm strategic golden opportunity especially if Shaun buys back the farm. And you can be sure he wants to. That I know !
GLA and it’s a great pity that the world has to descend into chaos to elevate gold even further but sadly for this reason on top of macro economic forces currently ; elevate it will !
I forget the movie which is turning this quote into reality but I do recall the words....
'Gold, like always, will be the only remaining currency with any credibility.
its value rising exponentially.
Anarchy will follow with the world reorganising itself.
Gold … as always .. will be the only currency you will be able to buy a sticky book with ! …'
Brilliant!
justin mathew
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principal, corporate developmentprincipal, corporate development
greatland gold · full-timegreatland gold · full-time
feb 2024 - present · 3 mosfeb 2024 - present · 3 mos
perth, western australia, australiaperth, western australia, australia
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lazardlazard
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investment banking associateinvestment banking associate
jul 2022 - dec 2023 · 1 yr 6 mosjul 2022 - dec 2023 · 1 yr 6 mos
- advised newmont corp. on the landmark a$29bn acquisition of newcrest mining
- advised ****stani soe’s on the reconstitution of the globally significant c.$9bn+ capex reko diq copper development project (jv with barrick)
- advised major steel player on a marquee steel industry public bid process
- advised private consortium on the lbo of the base metals division of a large miner - terminated
- advised newmont corp. on the landmark a$29bn acquisition of newcrest mining - advised ****stani soe’s on the reconstitution of the globally significant c.$9bn+ capex reko diq copper development project (jv with barrick) - advised major steel player on a marquee steel industry public bid process - advised private consortium on the lbo of the base metals division of a large miner - terminated …see more
investment banking analystinvestment banking analyst
jan 2022 - jun 2022 · 6 mosjan 2022 - jun 2022 · 6 mos
natural resources
Trust me...if there was any hint of us getting bought out the SP would escalate! Not be sitting at 6 pennies!!
This is a low and a lull whilst there is uncertainty for the main markets at large, given the flux between Newmont's acquisition and divestment strategies, which are ongoing clearly!
We know they are divesting but as yet we do not know concrete outcomes and neither does anyone else plus we are not yet a producer.
It is frustrating, yes, but not surprising given we are in flux. The stakes are high but the opportunities are now there....so make your own investment choices.
'The darkest hour is always just before Dawn' .....etc
but it is always high risk..high reward. It is always a choice!