Member Info for schlemiel

2 x 1.5m prints

Newcrest's involvement will have some pull and influence with WA officials. NCM has become almost our promoter in the corridors of power

The seller(s) is holding us back at present. They won't depart. Options and warrants sellers no doubt

Drilling Scally!

nm

My interest is factors that influence the POG. In the way China have engineered debt dependency to take control of natural resources in many undeveloped nations the US should be able to assert a degree of control over the actions of an authoritarian Marxist State intent on stoking international instability. This is an environment in which Marxist do their best work. The moral high ground is now with the US. China will slowly become and a pariah State if the West confronts its international ambitions.

Marxism is a real, physical and cultural threat. The recent violence seen in the US and the UK is very much the work of Marxists intent on undermining stability. It's worked admirably.

I wonder what the consequences would be if the US Treasury defaulted on its sovereign debt obligations to its Chinese creditors?

https://stockhead.com.au/experts/money-talks-the-wa-goldies-with-the-keys-to-success/

https://hotcopper.com.au/threads/ann-new-gold-copper-project-accepted-under-saa.5473026/

nm

The IPO reference is interesting and intriguing

''Our progress this year demonstrates our commitment to our five year strategy which remains to maximise risk-adjusted return on shareholders' capital by systematically advancing exploration across our key assets and seeking opportunities to monetise those key exploration assets whether through sale, joint venture or spin-out via initial public offering.''.....GGP Final Results : October 2019

The market value of a listed company is determined by a company's fundamentals. The listing is irrelevant. Yes, there are arguments about liquidity and institutional presence on the register but a crap company with poor prospects will not rise in value and be bid up. Again, one needs only to reference Aston Martin. That company is technically bankrupt and for the LSE to approve its listing was an abuse of market trust

A Dog sh-t stock is a dog sh-t stock

Newcrest preliminary reporting. BHP report on the 18th.

Newcrest will want to some decent news to report. SOLG stake sold to BHP? Initial MRE for Havieron (or too soon?)? Farm-in to our other tenements?

Sprott's listing will inevitably encourage those who will invest in their listed equity to analyse Sprott's holdings and I bet their holding in GGP. NY analysts will no doubt be analysing Sprott's balance sheet and their assets. It's inevitable that they'll be analysing the fundamentals of GGP as part of that valuation seeking exercise

An aside. I see certain links on Newcrest's Investor Centre are 404 since Thursday. No idea why but it piqued my interest.

At this point in GGPs corporate life and with all the good news from Havieron expected to continue what we don't need is an elevated risk factor introduced as per virgin drilling of what is still a prospect. Havieron is where GGPs equity value is now embedded and I believe with more upside to come. Let us not allow that positive be tainted at this juncture by exploration drilling

We have other 'discoveries' to be monetised in Tasmania. Another positive

I'd like to see a farm-in on our other prospects on decent terms with another Major other than Newcrest. Such corporate tension is surely a positive though maybe Newcrest will use its influence to prevent that possibility from happening

imho

thanks for all efforts by other posters

'Our projection is that gold will soon assume its rightful place as a mandatory portfolio insurance allocation for investors large and small alike. The incoming volumes of this buy-in will take it to well over $2,000 per ounce. Gold equities will produce record margins and will profitably consolidate the sector, leading to what we believe will be an additional 100-200 percent gain in equity prices over a five-year period. Once the current yield curve has been pinned close to zero by the central banks, as is now required, savers will conclude that hard assets and equities will provide upside, while bonds will serve to confiscate wealth. Gold will serve as one of the main safe havens throughout the next investment cycle, and we expect it to perform well within a short-term backdrop of deflation and a long-term forecast of inflation/stagflation.

Our NYSE listing could not come at a better time. Despite our strong brand in the precious metals area, most investors do not know who Sprott is in the U.S. financial arena. We have more than 150,000 individual clients in that market, but most have not connected with us directly. A U.S. dollar-based share price and dividend simplifies things for our U.S.-based shareholders and makes it easier for a broader range of investors to buy Sprott shares. We are uniquely positioned to offer investors an attractive dividend, without the margin volatility of a gold producer. Most importantly, the listing will ensure our qualified staff can interact directly and seamlessly with clients seeking upside to gold, whether through our managed strategies or shares.

Sprott looks forward to serving our clients well during this new bull market for gold. We intend to keep growing our franchise, both by launching new complementary strategies and by considering other accretive ways in which to earn growing margins from gold management and investing activities. There is a path to $50 billion in our future, of that I am sure. '

https://sprott.com/insights/a-message-from-the-ceo-from-reflecting-to-projecting/

IC article last week regarding a possible offer for SOLG from BHP but no reference to Newcrest. Last week Newcrest also withdrew its nominee Director from the SOLG board. I wonder if Newcrest has decided to completely sell its stake in SOLG and focus on GGP?

Mergers & Acquisitions - June 25 2020
Survival of the fittest

''Among the developers, SolGold (SOLG) is the focus. It has said for years it wants to take copper-gold project Alpala all the way to production, but a cash takeover offer from BHP (BHP) somewhere above 40p is likely to be persuasive to shareholders.''
-Mine for the taking
Below the majors, the whole mining world is built on mergers and acquisitions. Why? Finding and building a mine is hard and expensive, so juniors often want to find a big deposit and get rich by selling it on to a bigger company. Covid-19 has done little to disrupt that dynamic.

Even at the top level, buying ounces of gold, for example, is more attractive than spending 10 years up a mountain drilling holes. Even before gold spiked a year ago, the industry had seen major consolidation, most keenly felt in London by the loss of Randgold Resources through the merger with Barrick Gold (Can:ABX). Now the playing field is different.

The big company moves have largely been made in the gold space and the largest players are looking further afield, beyond the pure money creation of gold mining. Barrick chief executive Mark Bristow has floated a takeover of major copper miner Freeport-McMoRan (US:FCX). This would have been unthinkable two years ago, when Barrick was worth under C$20bn (£11.9bn) and Freeport worth around $24bn (£19bn). The diverging paths of copper and gold since then has seen Barrick jump up to a C$58bn valuation and Freeport remain the same.

Further down the chain in London, miners with some cash flow are looking around for expansion options. Hummingbird Resources (HUM) has just bought a project in Guinea that suited it better than an existing development it had in Liberia, while Centamin (CEY) has cemented its West African interest by hiring former Toro Gold boss Martin Horgan. Mr Horgan moved on from Toro, a private company that brought a mine to production in Senegal, when Resolute Mining (RSG) bought it out last year.
Among the developers, SolGold (SOLG) is the focus. It has said for years it wants to take copper-gold project Alpala all the way to production, but a cash takeover offer from BHP (BHP) somewhere above 40p is likely to be persuasive to shareholders.

It’s harder to say whether this amounts to a window of opportunity for investors. While the pandemic’s economic scars will change the outlook for all commodities – thereby raising the cost of capital for some producers – miners must always take a multi-decade view. But for those groups that are newly flush with cash, the temptation will always be to recycle profits into empire building. AH
https://www.investorschronicle.co.uk/shares/2020/06/25/survival-of-the-fittest

thanks for that fellas. Top notch stuff

For that meltdown. I allowed myself to be triggered.

No more of that