Member Info for pj70

Thanks Paddy - I presume also the elephant in the room is the size of any upgrades to resources after drilling at Telfer is completed and the average respective grade of that additional tonnage if/when it comes and how long that extends the mine life by.

@paddy - do you think the intention is haverion at 4.5mt pa and telfer at 15-18mt pa with potential being 700k Oz pa In 2028 or 2029? All depending on what ore is left in telfer ultimately

Well said samval - there is a reason they are sub 8p and that is 18m shares coming on market at 7p!! there will be profit taking for a few days.

As far as SALT goes i am not at all sold yet and yes has gone up on low volume as only 30% of issued capital in market place! The current numbers dont stack up unless they turn around operating margin which they seem reticient to even discuss in quarterly update or in the 2024 annual report!

I do like Guident though and keeping an eye on this one as this for me could be the catalyst of rerating TEK plus SALT actually delivering a business model that can actually turn a profit. If you look at note 16 of the accounts and look at the debt recovery on what is only a handful of customers alongside the fact that the operating loss margin actually got worse with increasing revenue! Anyone with a little bit of nous would see that they are effectively selling in on the HOPE that they can increase prices by 20-25% or more OR decrease the operating cost by that or more. There definitely is the possibility that this may happen BUT the fact that it is never discussed in any video, presentation or RNS is concerning for me. You make your own judgement but buyer beware!

Thank you for the link and great presentation. I was interested to see that they put 23mt in 2018 through the processing plant. I wonder if there is any thoughts of increasing telfer throughput over the next 6-12 months to make the best of the higher gold prices?

Yes and another thing cleaned up in the capital structure. Interesting that the volume was north of 5m yesterday and friday but today was back to low numbers. Does seem someone was taking a position and be interesting to see if they have finished or will continue this week.

Microsalt has not proven credentials yet as it is selling product at below cost, its receviables at end of last year had many customers paying very late with over 20% of receivables greater than 90 days all in note 16 of the accounts and the current shoot up could either be due to IC magazine OR a plump and dump before another cash raising on placement of shares as it will need another. I think the next 6-9 months will show. The fact that the quarterly had no financial information like most aim quarterly trading updates should be enough to be buyer beware and why TEK has not moved!

Also TEK has 18m shares coming on market after the 5th June and if i was a betting man i know what price we will be going back too in the next couple weeks as people take there ST profits on the raising. Always happens with any stock and AIM penny stocks even moreso as easily manipulated due to low market caps.

The question i have for the more learned is if gold price stays high for another 18 months or this is the new norm and we are 1bn cash by year end and accruing 250m a qtr at what point does GGP either share buyback OR do a dividend or both!?

Yes with few shares actually on issue outside of TEK maybe a capital raising around the corner and why the spruke in price or maybe pedro your right investors have taken the IC article and bought and pushed price up! Either way until there is information on the operating costs per tonne and the forecast around that (unless you have this information and can enlighten people) i will sit on sidelines and buy at a higher price IF/When the time comes.

TEK who own a major holding in microsalt the 7p was in relation too.

I should have also said over and above Q1

Based on these numbers and they continue to end of june we should be looking at an additional circa $55m aud in the bank!

It is one thing to have revenue and growing at the rate of knots but there has to be a plan to reduce your operating costs or even discussing it in the announcements. I have read the last two quarters and year end and the financial highlights completely miss any discussion on them and the strategic approach to how this will be turned around or what tonnage results in XX % decrease in production cost. Not one slide or statement on it so for me this is a buyer beware BUT have on watch list and await operating costs being addressed to show a gross margin upside - until then also we will see the 7p tranche 18m shares being sold out at above this 7p level so not going to move much in short term.

Hi - just looking into this stock and trying to understand how the focus is completely on RNSs on volumes but cost of sales is higher than revenue so struggling to see where the growth is other than selling a product at a lower cost than what your producing it for? Where is the turnaround - telling customers your hiking the cost by 10% or what? Any assistance or thoughts appreciated as can see the sales opportunities but not if cost of production is higher than sale price!

Thanks Element and i agree on your free cashflow numbers on the provision that gold price stays high and AISC does not move too much upwards and lets hope a dual mine operation can definitely occur with a 500k oz a year mining operation in the next 2 years. I am really keen to see the drilling results for Telfer which i hope will be in the next 6 weeks with the 2nd quarter results and get that 5-7 years mine life extension or more! I think we all assume it but will be great to get it confirmed.

Now layer on the increased production from Havieron. The market barely blinked in April when Shaun announced a ramp-up from 2.8Mt to 4.5Mt. That’s a massive uplift in NPV value still not reflected in the share price.

The above statement Element i did see but no guidance was given on potential uplift of gold output away from the 300-350k oz per year. Are you suggesting that GGP underplayed this side of the production output? Or were they constrained based on what data they currently have?

Hi element and others - thank you for your comprehensive review and comments and was aware it is based in west africa like endeavour mining.

People keep throwing around 20p etc. At 20p this is a 5bn+ AUD company which when you compare to what is on ASX already around 5.3bn in Perseus mining they are delivering already 500k ozs per year so i do think people need to temper expectations somewhat in my opinion. More than welcome to hear counter arguments on this. I do hold but also realistic as to where i think the price will get too!

Yes agree and will be a slow burn to 25p range over next 6-9 months as each quarterly trading update shows another 14-17m decrease in debt and an order book being maintained with a good EBITDA. I still think the catalyst will be the first dividend and a share buyback which is mentioned by the broker notes so both must be on the cards as the free cashflow warrants both in the next 9-12 months UNLESS they are going to pour all free cash into the debt reduction!

I think where i was driving at that free cashflow will be in excess of 1bn this year and our market cap is 1.2bn there is significant upside to the returns to shareholders coming at some stage in the next 12-18 months i would think that on current market cap will see double digit yield dividends coming into play and a significant re-rating in SP if that was to happen.

Interested in peoples takes on when the new dividend value will be announced in line with the anticipated significant uplift in earnings or whether we may see a special dividend by year end?