The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Mibb - Can’t believe that you’ve only posted 7 times since joining LSE Board in August 2022. I enjoy your posts and glad 6 out of 7 posts have been within the last 30 days - you’re on a roll now clearly!! Cheers bud.
Sarah - you are obviously not looking for a reasoned response (that I gave) but are classing all responses as naysayers - you therefore lose credibility and you are just posturing - I will not respond again.
Sarah - your post does lend towards the dramatic, but more importantly are you overlooking intentionally that the reasons offered so far by Newmont themselves as to why they are walking away from Havieron is because it does not meet THEIR (stringent) categories for being a Tier 1 Mine and they are looking to raise $2bn from divestments. We can also surely deduce that in taking over Newcrest they have acquired an asset (Telfer) that is potentially loss making and hence well outside their requirements in their portfolio. It seems logical that Telfer’s main saviour is in the form of Havieron and hence why they seem to be offloading them as one and the same package. I do not necessarily discount your question re: the lower aquifer deserves reassurance that all is OK but I am unsure why your post is so emotive and why you expect to be lambasted for it, save the fact you make no mention of the reasons we have been given as stated above, for Havieron being divested.
And apologies if this has already been posted, but it is a good pragmatic assessment on where we are right now: -
https://nextinvestors.com/articles/88e-found-oil-does-it-flow-we-will-soon-find-out/
I am not going to reignite your thread which dwelt on negativities but I will address your post of 14.00 today.
You are trying to make out that I only want to read positive or rampers posts - that is not at all true. Indeed the best part of this Board is when we get lively interaction in order to dissect an issue and get to the crux of it. My issue with you is that you were endlessly (it seemed) trying to propagate your thread and drag out every negativity that you could - to the point that when a positive point was posted you challenged it asking whether the poster couldn’t think of any negativities at all? That’s when I started to question your intentions/agenda and stated there are already enough negativities going on in the world to warrant you wanting to hone in on even more about GGP - our decimated SP over the last 3 years is negative enough for me!! So I sought to curtail unnecessary negativities as I was (and remain) sceptical on why you want this thread heading appearing relentlessly. I repeat that I welcome and get involved on lively debate and I distrust rampers as much as derampers but your thread was too clumsy imho and hence why I called it out.
Hi MH - your post at 16.01 today was exactly what I thought and posted yesterday - I think Shaun does everything with his shareholders firmly in mind - can’t ask for much more than that as it would be much worse not being shown some consideration by our CEO. Go on Shaun, go and sort out Newmont for us!!
Sorry Bunky but enough already - we can all envisage negative views if we want but how many negative views do you want until you’re satisfied? Meanwhile you’re dragging everyone who reads this Board into reading relentless posts about negativities - who wants to dwell on negativities for Christsakes? Just look at the news in Gaza, Ukraine, cost of living etc. We surely don’t need more negativities about GGP to add to our daily woes. Move on now - it’s getting boring!!!
Thanks MH - I have extracted the paragraphs that I think covers what we are all interested in: -
- (SD) and I think you to give you a little bit of colour no one would be more happy than me or more excited if we get the opportunity to buy it back
- you know even though I gave you the diplomatic answer I think it's OK for me to also say you know people should be, should absolutely be understand that we have built a team to run this asset, to be a good owner of this asset, that is the opportunity that we'd be incredibly excited to have
* (Interviewer) Yeah and I mean with a partner such as Wyloo you know these guys have got deep pockets to actually come up with the cash to be for you to actually effectively run the whole Telfer complex, would probably be wonderful for them and also for you as a company
- (SD) no that's a very fair observation I think one of the reasons we were so pleased to bring Wyloo on board and it was multifactorial
- but I think they enhanced the credibility of Greatland as a counterparty in a whole range of scenarios but including the one we've just been talking about.