Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I have been informed today by someone I consider a reliable source that NEM want 100% of Havieron and the GGP board are fully aware.
Make of that what you will, let's see what happens.
That's what I've heard.
Watch the snipers crawl out now.
Just to add to today's conjecture.
I posted the below last month.
"Take a good look at the dots, clearly things have changed.
I told you all this a few days ago "The word here is, Newmont will not divest Hav and Telfer, it just remains to be seen as to what they will do about the 30% they don't own, many think they will want it all. ( Eye watering) developments may happen this year."
Not having any Havieron would certainly put the ASX on the back burner...... look at the dots.
And Wyloo would only offer a loan now if there is another major strike to be announced in due course."
I have been told that the updated MRE for Hav has been delayed/withheld at the request of NEM until the acquisition vote goes through.
Makes you wonder what numbers it will contain.
Further, if NEM are to review it before we see it, they may well drag their feet in doing so.
I see some are trying to install fear with this nonsense.
The Australian govt are the most supportive govt to mining in the world.
I heard first hand from a source close to the govt, if Telfer was stopped, mothballed or shut down, with the huge loss of jobs, when a 20 plus million oz gold deposit, a stones throw away, ready to produce in less than 12 months.
The company making that decision would feel the full wrath of the mining commission.
It would be a career ending decision.
Won't happen.
"Strong Buy according to investing.com"
If you dig deeper, you'll find most commentators are advising 'strong buy'
This is an interesting post from ggpchat this morning,
"BUT if people don't sell into the GDXJ spike to 7.9p open on Monday am"
Incorrect, this was a UT transaction, It will not open @7.9 on Monday, more like 7.2.
So it will be very difficult to sell into that 7.9 spike.
However, I do expect to rise to 7.9 during trading, towards end of day.
The sp hit 9.3 in May and then someone decided that the sp was getting away from them, we can all speculate as to the reasons why, and wallop, a leak about an impending raise.
As we know, that resulted in a very quick 30%+ drop. I see zero reason why the sp cannot return to 9p during the next trading week, improved sentiment, further updates on drilling expected and the confirmation that no raise required for now, should see us there.
The major positive for this year now is, we should get all price enhancing events announced prior to any ASX listing, that enables us to move forward from a position of sp strength, all good for UK investors.
Then we have the conclusion of NEM/NCM and that head wind will be firmly behind us. I strongly suspect that the market will see that event as very positive for GGP.
No matter what NEM decide to do with Havieron, it will (imo) only present a win-win scenario for us, as CB said.
We will be on the verge of entering the year we become a gold producer, let's say that again for the hard of hearing grifters, (GOLD PRODUCER).
A convergence of GGP being a producer, generating cash flow and Gold breaking out to new all-time highs continuously, will see us exit the clouds and enter clear blue sky.
Personally, I see no downside, once the drag of NEM/NCM saga is over. I also suspect the market and those unclean shorting enthusiasts will see the same. If you want to see stellar gains, be sure to take your seat before year end, maybe sooner, depending on drill results.
One caveat, let's hope Wyloo continue to play with a straight bat.
Hang your heads in shame, you are by your very inaction to today's RNS, showing the world how corrupt you are.
When it was leaked about a potential raise and SD did not refute it out of hand, you very quickly put the windows through at GGP, to the tune of a 30% drop in short order, yet he has today gone on record and said NO raise for now and you don't want to put the glass back in the window. Up a paltry 4%. You can do much better, but you just wont.
The worlds dirtiest and unclean, doing what they do best, urinate all over honest investors.
"The dots are becoming increasingly joined!"
Take a good look at the dots, clearly things have changed.
I told you all this a few days ago "The word here is, Newmont will not divest Hav and Telfer, it just remains to be seen as to what they will do about the 30% they don't own, many think they will want it all. ( Eye watering) developments may happen this year."
Not having any Havieron would certainly put the ASX on the back burner...... look at the dots.
And Wyloo would only offer a loan now if there is another major strike to be announced in due course.
ALL IMO.
"30% of Havieron is worth a lot more than 6p a share"
Indeed it is, If Shaun is to be believed in his 20 million Au equivalent brush stroke analogy, then GGP's share is 30% = 6 million ounces at around $1000 + an ounce profit. That's $6 billion and a great return on Forests investment. If Sprotts 15p forecast is correct he'll double his money thereabouts. If Berenberg's 22 pence is achieved then tripled plus. If Rick Rule and the gold bugs prediction that gold returns to mean in relation to the US dollar then it will be considerably more.
Too many people raise expectations of the new and or inexperienced investors and as a consequence, many are hurting, strained emotions and so on.
We need to be more responsible for our comments here and be more collaborative in our message.
GGP has tremendous potential, but for those saying, "when this or that comes, the sp will rerate", is a little irresponsible and reckless. It rarely works that way on Aim and the spivs will decide when it goes up, nature of the beast we are dealing with.
If you're invested for the short term, you may well be disappointed, unless of course, another large discovery is announced before we go mining at Hav. I do take comfort in the additions to the board and level of financial commitment going forward. Why would you do that? This is where you need to focus. These guys are here for big returns, eye watering returns and I don't believe those type of returns will arrive solely on 30% of Hav.
So, think bigger, they must be extremely confident or cognisant that something big is lurking on GGP land other than Hav. ( A lot of murmurs about this)
Why has Andrew Forrest turned up? what does he know that you don't?
The world and his dog now know about Hav. So, he's not here for that in isolation.
Many need to re-evaluate your capital return time horizons and expectations.
I firmly believe GGP will be a multibillion-dollar company, but not for some time.
You're in for the long haul or you may not get what you want.
The word here is, Newmont will not divest Hav and Telfer, it just remains to be seen as to what they will do about the 30% they don't own, many think they will want it all. ( Eye watering) developments may happen this year.
AIMO, but what don't we know that AF knows?
"Let me get this right, newcrest have agreed to sell to newmount? Then why would they spend time and money doing an upgraded mre?"
You obviously don't know about due diligence and M&A activity.
It was a condition of the DD process that NCM provided a full update to the Havieron data set.
It's called good business practice.
Hi MH01,
Thanks for your kind comment.
For clarity, you are not one of the posters I referred to and secondly, I'm English born and bred, born in Stoke on Trent, but lived here a long time.
Summit, "I don't think newcrest has an updated mre yet"
You are wrong, I know.
There is no surprise here that no update has been announced. Infact, there are a lot of big players here that do not want it to be published before the ASX entry, make of that what you will.
I believe SD to be a man of his word, we will soon find out, but big money has a way of getting what it wants.