Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Deal announced not a done deal, seems to good to be true, and they say if it looks too good, it probable is!!!
Why come to Power for this money? Well not money Shares and more shares to value of £150,000 to get to second stage. It could be that Powers contacts will make the business, then it makes more sense.
Holding and think that at some point Power will come good, not in a hurry so hey ho here we go!!!!
The information (if any) must be supplied to the market before the Town Hall meeting.
RNS's don't go down well on POETS day, so three days to go, will we get the RNS before the weekend so that by Tuesday PM Shaun can explain fully what is happening to GGP and Havieron.
GLA investors
I have just posted on GGP on the value of the Telfer Package
https://www.ggpchat.co.uk/viewtopic.php?t=722
Bertiesboy: That sums it up GGP will be the buyer, and it could already be a done deal and the price will be affordable as the Telfer/Havieron package at the moments is a liability the cost of closing down Telfer and a 'project' called Havieron, which could fail.
Newmont are looking for $2 billion and I think the value is in the mines that are up for sale and given the combined outputs of these mines I expect serious bidding. Looking at these mines I am not sure any value is being attached to 'our' bundle it simply does not fit with what Newmont in 2024 want to dirty there hands with, I could be way out but happy to stick my neck out and make the statement.
Conclusion deal to 100% ownership of the package will be affordable for GGP we may need the help of friends, watch this space.
I have posted my thoughts on GGPHELP, last year and again now.
https://www.ggpchat.co.uk/viewtopic.php?t=722&sid=0024b56fb4ee84e6ea9e41bc72c56d28
I think the Telfer +70% will be affordable
I think it would have been bigger news in WA, if all work at Telfer (and Havieron)was to stop on 30 June 24.
Newmont don't want to fall foul of the WA government.
All the properties will continue as business as normal, that gets best value for Newmont, so I thing we can expect the decline to restart as all the staff and kit are in place waiting to proceed
I think that is only half the question, the other half is what are the liabilities that come with the purchase of Telfer.
So in plain terms is Havieron (in its current situation slightly positive) and Telfer (A major negative)
Having listened to Oliver I wondered as to the value of these, I post my ramblings to test my thoughts.
He says that separating the garnet from the ore/spoil is an easy process with 40% being garnet, which reduces the bulk that then proceeds to process that recover Tungsten and other desired products, reducing the cost of the process.
I have looked up the price of these garnets, and in final market form in the region of $300-$350 per ton, we may see 50% of this value as the retailers/final processer will want a big cut.
Working on 2400Kg/m3 for each m3 we takeout of the ground we get approximately 1000kg of garnet worth maybe $150 this must help considerable to the cost of extracting and processing the ore.
The upside in that we only have to process the 60% left over, while the overall amount of Tungsten, Zinc, silver and copper remain the same, in unit terms results need to be multiplied by about 1.6 , to adjust for the amount per M3 processed.
Well Paul, that will take some reading later today, but thank you for helping to explain the legalities of what is going to happen, the new board are wasting no in sorting things out, the new board member seems part of this.
Let hope it is for all out benefit and we are on step one to become a large profitable company, I so I will add when I can from my limited income and available capital being a pensioner.
GLA
Batterymetals: I think you are right, the spin outs will give shareholders a free ride on the in-house assets where our capitalisation is concerned.
When the market moves (and by its nature it must) this is one of the AIM miners that should blossom.
You have Greatland with a major find, near production (for an AIM listed business and it is suffering, this cannot continue once they start mining in about 18 months, this may be when the market correction starts.
GLA