Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
It will certainly be good to see what Newmont have planned as a company, since there takeover of Newcrest.
Newmont CEO Tom Palmer told Bloomberg that the merged company can now initiate a process to sell mines and determine which exploration projects to prioritize over the next two years.
“It will result from a combination of asset divestments and the resequencing of projects to ensure we have the appropriate and consistent allocation of cash for reinvestment,” Palmer said.
I have no idea why this would be shared on the GGP chat. This has absolutely nothing to do with GGP whatsoever.
The poster appears to live his life on the SOLG (Sol Gold) chat (56 messages recently, compared to just this 1 message on GGP). Notably, he has failed to post his concerns on the SOLG chat board. Quite bizarre.
After hitting a high of 62.5p in the first quarter of 2025 it will retrace somewhat to a respectable 47.25.
Gla. Door. Imo. Etc etc.
Spade, no problem at all. The figures come from the FT (Financial Times) website. Happy to be corrected.
11.53%Per cent of GGP shares held by top holders....
HeldVan Eck Associates Corp.
AS OF 13 JUN 2023
250.74m = 4.93%
Tribeca Investment Partners Pty Ltd.
AS OF 07 OCT 2022
130.30m = 2.56%
Jupiter Asset Management Ltd.
AS OF 30 JUN 2023
91.82m = 1.80%
BlackRock Fund Advisors
AS OF 04 JAN 2024
58.95m = 1.16%
1832 Asset Management LP
AS OF 30 NOV 2023
19.00m = 0.37%
Legal & General Investment Management Ltd.
AS OF 29 DEC 2023
16.95m = 0.33%
BlackRock Advisors (UK) Ltd.
AS OF 03 JAN 2024
5.01m = 0.10%
Sunvest Corp. Ltd. (Investment Management)
AS OF 30 JUN 2021
4.85m = 0.10%
UBS Asset Management (UK) Ltd.
AS OF 31 OCT 2023
4.70m = 0.09%
Ixios Asset Management SA
AS OF 30 JUN 2023
4.40m = 0.09%
Brief "recent" history of our JV partners....
In the 1980s, Newmont thwarted five takeover bids – from Consolidated Gold Fields (ConsGold), T. Boone Pickens, Minorco, Hanson Industries and James Goldsmith – who sought to break Newmont apart and sell its assets to increase shareholder value.
In 1987, defending against a $6.3 billion bid by T. Boone Pickens, the company paid a US$33 per share special dividend to all shareholders, US$2.2 billion in cash, of which US$1.75 billion was borrowed. To reduce this debt the company undertook a divestment program involving all of its copper, oil, gas, and coal interests.[16]
As a further step in the restructuring, the company moved its headquarters from New York City to Denver in 1988. A decade later, Newmont Mining Corporation and Newmont Gold Company combined assets to form a unified worldwide gold company. Shareholders of both companies had identical interests in the reserves, production and earnings of Newmont Gold's operations.
Newmont then merged with Santa Fe Railroad (a former Atchison, Topeka & Santa Fe Railway subsidiary, sold in preparation for the merger that produced the BNSF[17]) to form North America's largest gold producer.
On June 21, 2000, Newmont announced a merger with Battle Mountain Gold. The merger was completed in January 2001.
In February 2002, Newmont completed the acquisition of Normandy Mining and Franco-Nevada. Newmont faced competition in its bid for Normandy from AngloGold. By eventually outbidding the South African company, Newmont became the world's largest gold producer, with an annual production in excess of 8 million ounces.[18]
In 2007, the company eliminated its 1.5 million ounce legacy hedge book to make Newmont the world's largest unhedged gold producer. The following year, Newmont acquired Miramar Mining Corporation and its Hope Bay deposit in the Canadian Arctic.
In 2009, Newmont purchased the remaining one-third interest in Boddington Gold Mine from AngloGold Ashanti, bringing its ownership to 100 percent.
In April 2011, the company acquired Canada's Fronteer Gold Inc. for CA$2.3 billion. This made the company the world's second-largest gold producer.[19]
In 2017, Newmont produced 5.65 million ounces of gold at all-in sustaining costs of US$924 per ounce.[20] The company reported adjusted net income of $780 million for the year,[20] and further reduced net debt down to US$0.8 billion.[20]
In 2019, it acquired Canada's Goldcorp for $10 billion.[21] In May 2023, Newmont agreed terms to purchase Newcrest.[22][23] The Deal was completed in November 2023.[24]
Reposted link as original message the link was corrupted.
Strangely enough, for such a large company, Newmont don't seem to have many JV agreements. 7 all told as of December 2022 and none on that list in Australia.
https://www.google.co.uk/url?sa=t&source=web&rct=j&opi=89978449&url=https://s24.q4
cdn.com/382246808/files/doc_downloads/2023/EITI-Joint-Venture-Interests-2022-version.pdf&ved=2ahUKEwiK7uKun6SEAxUHQUEAHcasAe8QFnoECDMQAQ&usg=AOvVaw1lPp7vEMnlRXWwIkcodxB3
Ace, out of the sandpit and I have to say, I'm not enjoying the (sp) slide!
Hoping the swings and roundabouts might come to my rescue. 🙃
Welcome to the GGP chat playground.
Be nice in the sandpit kids and don't throw (too much) sand at each other. Jeez!
The Lassonde curve is a graphical representation of the typical lifecycle of a Junior Mining Company from Exploration to Development. It breaks the cycle down into distinct stages each, of which is important for investors to understand in order to guide their expectations and make better investment.
All junior mining companies have to raise funds during their exploration life cycle and the lassonde curve is a widely accepted investment tool. I have heard that the sweet spot, as found by refining this research, is from mine construction until first draw. This yields between 100% and up to 700% in the best historic cases.
RNS highlight - Ernest Giles is an exciting 100% owned project that sits outside our strong foothold in the Paterson region, in an underexplored Archean greenstone belt that hosts many Tier 1 deposits.
Ground induced polarization (IP) survey planned for later in 2024 to further refine targets, along with further airborne geophysics.
Sean Day (GGP Managing Director).....
"Drilling results provide important geological and structural information to inform a systematic reverse circulation drill program planned for this year to systematically test highly prospective targets at Meadows prospect."
"These initial results are encouraging and confirm the prospectivity of the project. The results will inform further exploration work, including a more extensive drilling program this year."
Sounds great to me. The more I read the RNS, the more positive it seems. Sean has been itching to get into EG, and I am confident in his judgement. This is the just the start. Hold for Gold!
4 million shares traded in one and a half hours. Looks like today could be a high volume.day!
Timber, I think that is a valid option amongst several, where we all gain...
Jv continues as is
Newmont buys GGPs 30%
Newmont buy GGP
GGP buys Newmonts 70%
There has been a considerable amount of consolidation within the mining sector in recent years and that trend does not seem to be slowing. I've only been invested for 4 years and if I had any preference, it would be to keep the status quo, as I think the partnership is beneficial for GGP at this particular stage of their growth.GLA. Hold for Gold!
Strangely enough, there does seem to be an upwards pressure on the sp at the moment. Even with sells outstripping buys quite substantially on some days. I think this may just be a small dip and we continue upwards.
And just as the share price was creeping back up towards 8....
Trying to encourage sells under 8p since yesterday. Probably more sells up to 7.9p again today.
I think they are buying back up to 7.9p today
Barbershop. Your call obviously but the Old adage buy on rumour sell on news tends to work. Look at he1 on Mondays RNS spiked at 3.7p on opening before dropping back down and now around 2.4p. Good luck whatever your choice.