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Hi Speedie et al,
Yes sad I one make this one as I think it is a critical one in some ways and I look forward to the feedback, with thanks in anticipation. Some of you have my direct details and I'd appreciate an update accordingly.
Re what he can say, well that's the question and only one he can answer. Other questions around major updates, raise and ASX issues have already been discussed and
I hope Shaun will impart more than just steadying the ship although unless he is at liberty to release more market sensitive news via an RNS tomorrow then
Hi All
From Dubai currently so will just miss the TH sadly.
Am looking forward to some in - depth feedback and reporting however from those who make the meeting. Hope it’s a good one.
Good on Shaun and the team for all the current news flow. It’s not the big juicy flow as yet but it all adds up. I’m sure the MRE etc is being worked on as we speak. This takeover plus the raise leak plus time lag due to both where the bigger fish are frying other deals , have caused headaches all round I’m surmising. But maybe opportunity for us also. Let’s hope.
I’m optimistic that our board and leader have big plans longer term. My view. But timings are key . The fact that recent events have delayed ASX and the raise issue was neatly overcome with a debt facility in place is reassuring as it plays the game of chess cleverly and to our advantage imo. What could he do when the bigger fish are locked into a huge deal. Timing is everything especially when a currently smaller player.
I’m watching and waiting. I don’t like this lowly SP as it makes us vulnerable and I’ve told sd directly my views. For what they’re worth. But NCM are now out of the equation. Newmont are at least huge and respected and Telfer needs feeding or putting to rest or swallowing up !
Strategically and logistically is say we’re well placed for a win win.
And I’m here for more than 26 p eventually.
GLA
It is intriguing and interesting to see how big businesses operate in a fog of old data and with the smaller less significant operator having to issue corrective information to make a valid point !
Many have argued that SD not being too bothered about historical figures as opposed to issuing new up to the minute data cannot have a bearing on public perception or current value.
Doesn’t this scenario negate that thinking somewhat ?
To the world at large we are looking insignificant yet SD and we know better as I’m sure do NEM and NCM ! But if we are right and that two years of updated drills not being included in public reporting makes a misleading statement to all public including NEM shareholders ahead of a vote , then maybe SD does have a strategic reason for letting it stay buried in old data.
Just a thought.
Ok so Shaun is coming over and there’s bound to be an RNS proceeding his arrival. Stands to reason. Let’s hope it’ a Good one !
Love Hydros research or hate it , those of you who ad,it’s good research should watch this money of mine interview with a man who make billionaires more billions. He knows his orebodies in all different metal categories and is paid fortunes to make fortunes including for our Twiggy although for cost reasons he does not invest in Oz right now.
It’s interesting when you break down what he looks for in a good investment. For those who don’t want to plough through the hours interview here are highlights relevant to us :
Criteria for maximum ROI for his billionnaire clients for his fund management Co
Warren Gilman
-We have to have a great and high quality orebody ( needle in a haystack !)- check
- a great jurisdiction and geopolitically risk - averse - check
- With a commodity that has an upside - check
- a Macro environment and commodity prices( that will uplift )- check
- Nothing beats grade. 'Grade forgives many mistakes ' we love grade - check
- Margin is important -( we have low AISC)- check
- Have a management team that understands the orebody - eermm check
- we commit our money for at least 5 years - up to you !
Right at the end of the I/ v he was asked if Greatland was overrated or underrated - he said underrated without lauding
GLA!
And a Question l have for you from me - ‘ are you a true believer of the value of your deposit ?'- I am. Are you ??base your investment decision on that plus management belief plus timelines plus research.
Panama
I agree with much of Sisus latest post.
I also believe that there’s a strong reason to be confident of the presence of the super board plus the investors Shaun has got onside. They are here not for 6 p 8 p or 15 p and neither am I.
However the wait just got longer and the NEM takeover has taken time out of former strategy and possibly now made it harder for SD to grow organically through Hav and Telfer if they remain in situ in place of NCM. we will have to wait and see. If he can’t acquire more of Hav then I’m interested to see what his accretive strategy will be going forwards ; and clearly Rio was a fabulous move and great start on growth and power play.
Shaun will undoubtedly be here very soon not least because the ASX listing and strategy needs to be followed through.
Also Callum is still here , along with many long term holders.
There is of course a threat of takeout but I would not want this at these levels as eye watering would be harder from a place of 6 p so hoping that’s not the case.
We are protected to a degree by our major investors which gives me hope. If we get another strike we will be further protected and we’ll positioned to escalate in both SP and status in the Paterson.
However buckle up for a longer term ride. Many things are currently out of our hands. But macro economy also suggests that sentiment , for miners with gold and copper will become more favourable.
GLA!
Toffers I'm puzzled to know why you would make a spectacle of yourself and pretty much all other PIs by default by twitter shaming instead of simply going onto GGP website and finding the MD's email address and addressing it properly? (if indeed you are said 'Frances ' on Twitter which looks likely!)
Free speech and alternative opinions are fine for all. but you have only succeeded in making a show of yourself!
Incredible behaviour !
Get a grip!
Been reading a few days posts & catching up , in addition to my own two penniorth of reading in between directly reasearched and informed lines as well as asking key players in the company question s directly as it is my right to.
Sisu I’d like to think your comments re the Aussie side of events is accurate and that there’s a buzz around us , with ASX being our vehicle to new insto investment. I also take on board that NEM will know as much as there is to know re the deposit we have to date.
I maintain that if it not however market exposed news , then this reflects in our current lowly SP , and remember this is what the market sees. Therefore it may still be advantageous to SDs strategic advantage.
That aside I also agree with Jerry that there’s no smoke without fire ; the rumours are hotting up and SD is on a mission to bring us news other than simply the ASX & MRE. He’s made no bones about accretive acquisitions. I hope it’s Telfer & Hav and that we make our place in the Paterson as a mid tier miner with our own mill. We shall see.
GLA! Can’t be too long to wait for any confirmation s soon. Shaun must be frustrated with the delays. As are we.
Hope you’re well too Sharketmare. I’m good thank you.
Your thoughts on background activities are almost certainly shared by a few of us no doubt but also I believe the relative quietness currently plus delays ( perhaps simply enforced by merger action etc ) are indicative of more surprise positive mines to yet be known by us.
The MRE is clearly being dealt with and I’m pretty sure prepared for . NEM have other bigger fish to attend to and SD always seems to make things advantageous to us longer term.
He has also made no bones about his ambitions based on 3 pillars. Hav. Growth. Organic and inorganic. Growth and the drill bit growth. Note the term ‘growth ‘
The merger activities also in my view perhaps enable other ‘surprise ‘ and unanticipated mines to our advantage like the Rio jv. I didn’t see that coming. Did you ?
Those are my thoughts. We’ll have to wait & see but I believe he’ll pull something new off.
I’m waiting and hope I’m right.
His MO is growth. To my mind that means he’ll look for new angles all the time Newcrest are busy merging with Newmont.
Let’s hope it’s win win.
ATB
We have all , those who correspond, had various responses from Shaun on just the things he can tell us ,with some of us reading further thoughts into current perceived activities or silences or updates from him. .
There will be reasons for silence and my own view is that Shaun will soon announce more than the ASX timing along with background work on what should be a positive MRE.
Keep in mind that this MRE must be realistic so don’t get overexcited by a tempered one when released. However , I’d far rather SD did the due diligence in this instance as Newcrest are rather too conservative.
I cannot think that we’ll be disappointed with background progress and maybe even a surprise or two to be announced soon.
Watching & waiting. Nothing would surprise me. I think Shaun means business with whatever angle he is thrown in this complex mix of current going’s on.
Slowly slowly catchee monkey !
GLA!
My own views are still as before , that the ASX will run true to Sept quarter timing. That there are other activities going on in the background ( positive)
Merger activities are taking over pretty much everything.
I continue to believe it will end up with activities that benefit us longer term.
Just my view.
We have a highly savvy proactive and capable md and an extraordinary BOD
Just my view
Dip ,
I’m still of the mind that Shaun is negotiating quietly in the background more accretive moves as well as the ASX.
I am hoping so. In which case none of this current malaise matters in the longer term .
GLA !
I'm afraid I don't buy into the shorting theories here though respect others views.
I just think we are in a mid curve low where there is no income or revenues and a lot of speculative prospecting albeit in elephant country.
The potentials for each of Shaun's 3 pillars towards growth are MASSIVE with a capital M ...it is a transition period however for the big boys and girls at NEM and NCM so we are currently left in the shade until bigger decisions are made or another strike comes along.
Sentiment is also dire atm imo , so it's wait and watch and expect our board and leaders to do what we all think they will....ie maximise on whatever cards they are dealt post decisions and go for what they can now with their own authority.
Just my view
GLA!
Have to say … think we’re all looking forward to SD putting a few matters straight!
- will we be taken out ?
- will we be left behind ?
-Are we buying Telfer/ Hav?
- will there be an accretive or dilutive raise pre ASX ?
etc etc !
- will there be a highly progressed MRE in August ?
- when will the DFS definitely be published along with a new mining plan ?
We will find out in due course but until these questions are nd we’re I expect this board to continue bickering panicking spreading fud and passing time !
Can’t wait for some answers to the above.
Interim back to work !
GLA!
Well…where to start with Shaun’s presentation!?
He’s come a long way with this slick polished précis of our assets and progress in two short years !
If he’s a shyster who has decimated the SP purposefully then I’ll eat my Panama.
Imho he comes across as a genuine hard working doer and his achievements are all listed here. Bang bang bang bosh !,
We’ve covered them all a gazillion times but stand outs are :
- 86% conversion rates
- sheer high grade of ore
-SLOS to start with but potentially bulk mining for major extraction
- SE Crescent to fund with hi grade to optimise cost base
- capital efficiency
- super team in place
- Rio Newmont networks known well to SD
- opportunities in elephant country
- advanced geophysics aiming discoveries
-WE RE IN DEVELOPMENT ALREADY with a world class asset
And the list goes on.
Slick. Super powered and future based success.
Long term I agree … but what a find !
Bring it home Shaun. If you’re play acting then I’m a fool. But if you’re really going to make this your finest moment then I’m all in !
DYOR.
GLA !
Think it needs a tad more than that Ben :-)
I will be happier when we get back to double digits and at least 12 p onwards & upwards! I still remember the good ole days when we moaned about '12p'!! still 12p...why are we stuck on 12p?......god if only we'd known......!
GLA!