Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Bamps, your friend could be correct, but the only three words that need posting are “It’s a Ripper”
Hi Speedie you probably have already watched this, but for those that haven’t, this is another very interesting interview with what is happening in the precious metal market than what we are being led to believe.
https://youtu.be/c17oJx4Q6FU?si=47TZpr6Ok9fLc3kl
If you want to know what the Great Disconnect between the POG & the miners, then look no further than this video from the guys at “Money of mine” and “Rick Rule”, where Rick simply tells em the reason why juniors especially have been hammered on price. He says, because if you invested in the juniors, on a very good year at best, the sector would lose $2B, and at worse, far far more, and that’s why he only ever buys into this market when the sector is so unloved.
The problem is, most Pi’s bought into GGP and other Goldies in 2020, when the sector was red hot. As he’s often stated, that’s the time to get out. Unfortunately like many here, I didn’t. So I’ve just got to be patient and wait until the next opportunity to do so, and hopefully that’ll show itself once the Tel/Hav situation sorts itself out.
Watch & enjoy !
https://youtu.be/THyCUvUwMMI?si=xppz4EgBMYcv6Aba
Barna, just what is the point in regurgitating old news, and especially old news that has nothing to do with GGP, it ain’t gonna shift our position northwards until we get through that lower aquifer.
It’s new news we seek, and until that arrives, we are just in a holding pattern.
What was it again Delboy used to say ?
“Speculate to accumulate my son, He who dare’s, he who dare’s!”
1 Bn share buyback. I’ve always said by Newmont issuing shares & not cash, they will in effect have paid nothing for Newcrest.
Newmont shares now half what they where, and by proceeding with a buyback scheme, it’s the shareholders that will have funded the purchase.
Just wait until that buyback has been completed and watch their SP soar.
Can’t believe most didn’t see it coming.
Does anyone else think it’s strange that Newmont do not show any photos of the developing Havieron mine on their website.
It’s as if they don’t want their own shareholders to know exactly how far along the journey Havieron is in becoming a producing asset.
Just a couple of photos of a drill rig & a bulldozer in the middle of the desert scratching the surface. Not one photo of the boxcut or evaporation ponds.
https://www.newcrest.com/our-assets/havieron
MH01, That’s correct, but if we bought the lot, and forgetting Telfer’s ore for a minute, just the 300,000 oz’s predicted to be mined at Havieron based on an AISC of $1000, would be a saving of $30,000,000 pa, multiply that by 10 years and you’ve saved yourself $300M.
Not bad if you can purchase the whole kit & caboodle for say $600M
Tolling charge was agreed at costs plus 10%.
So it doesn’t matter if it was 10, 30 or 99%.
If the AISC was say $1000 per oz as you say, then the tolling charge would of been $100, no !
So just depends on how much throughout went through the mill.
Speedy I’m not impartial to masses of bubbly, but it does need paying for, unless you like being thrown out onto the street by your collar 🥂🤪
Forgot to mention that I was going off MH01’s figures of 400/450 thousand ounces @ AISC of $1000. Which would be a saving of $45,000,000 pa
Quick question, if we were to buy Telfer and the remaining 70% of Havieron, would the saving of the 10% tolling charge, be enough to pay off the interest of any debt raised for the purchase. I know it wouldn’t be enough to service the debt, but if it at least pays the interest, then surely that’s another win win scenario.
I’m with you Zelos, a railway makes total sense.
If other deposits are found, it shouldn’t cost too much to extend the track, and Telfer becomes the processing hub for everything within a 100km of Telfer.
I’m not suggesting it is done now, but if they do start to find other deposits then it’s a no brainier.
Doublehun, it’s now nigh impossible to prove just how many shares Callum still holds. That’s because since resigning from GGP, Callum is now not listed separately on the Bloomberg ownership register, as his 85M GGP shares are now just part of the nominee account of Charles Stanley, just like any other PI’s are.
The shares he held through his association with STARVEST, will also be untraceable for the same reasons.
You’ll just either have to believe he’s still a shareholder or not, but why would anyone doubt him, unless to try and feed the board more BS of course.
ATB
Aim999, the reason why gold has rallied has nothing to do with the retail market, it’s because of central banks buying as much of it as they can. And where are they getting this gold from ? Well I’ll tell you !
Just like Speedie has said a hundred times, the banks have got a massive short position on gold, which is all a smokescreen to what they are actually trying to achieve.
They are doing everything they can to promote the selling of gold from retail investors, just so they can swoop in and gather up the low hanging fruit on offer.
What better way is there for the banks to actively convince folks to sell their gold than promote the likes of Bitcoin, with the introduction of the new etf’s, and the S&P 500 with new ATH’s, that at some point will ultimately collapse.
To me it’s just the banking system reverting back to what was used as real money for two thousand years GOLD.
They’ve tried this experiment with the petro dollar for the last 50 years, and they are now wising up to it ain’t working.
The US and European governments are frantically doing everything they can to stop this happening, but when you have the BRICS nation’s along with plenty of other’s striving to go down a different path, the banks are buying as much as they can, so as to not be caught out. Basically they are hedging their bets.
Whichever way the scales tip in favour of, Gold will become much more valuable than it is now, and produces of gold will see a massive upside in profits.
Even at $2200 oz, with an annual production of 300,000 oz’s with an AISC of $900 after inflation, GGP if they do go on to owning 100% of Havieron and Telfer, would be making a Pre tax profit of around $390,000,000.
You can see with those sorts of returns it wouldn’t take too many years to pay off any funding debts.
The naysayers want to convince us we can’t afford to buy the farm, but you have to look at it the way you do when purchasing your first house, the figures seem daunting, but we all manage and benefit in the long run.
We are where we are, and yes, plenty are underwater or are very nervous as to what the future holds, but like I’ve said all along, it’s about having the patience to see this through to the rewards.
Hopefully Callum’s interview has alleviated some of your concerns, and with him confirming he’s still a major shareholder, should give everyone confidence that we backed the correct horse. We were faced with 26 fences at the start of this race, one we clear Beechers Brook (LCA) for the third time, we’ll be on the home stretch.
If Foinavon at 100/1 can win the Grand National, I’m sure GGP with a very experienced jockey in the seat, can also win, as the two massive favourites both fell at the Canal Turn.
GGee-uP
Professional junior mining investors Brian Leni and David Erfle discuss whether we have seen a junior gold stock bottom or if there is more pain coming. They also chat about the current junior gold stock sector and the recent BMO and PDAC mining conferences and offer insights into how they are perceiving the market.
Interesting comments from 6:58 mins in.
https://youtu.be/ygaAfN9qugQ?si=ZSRSieCTgNb7ukBQ
Great interview with John Hathaway, senior portfolio manager, Sprott Asset Management
https://youtu.be/t8zaB70PC6o?si=QLjpy1aCkbkUBy4A
Well Callum just knocked it out the park, along with an equally as good KO by AJ
👏👏👏👏👏👏👏👏 to both of them !
Ninebraincells, for someone who has never been anywhere near a mine, never mind even coming close to running a listed company, you don’t half think you know the in’s & out’s of a dingo’s backside.
First of all everything you say is all if’s but’s & maybe’s without a shred of evidence that anything you have said has any truth to it.
Secondly you try and make out that SD and the BOD’s are just sucking up to the Pi shareholding, and leading us a merry dance by not being truthful regarding the LCA.
You know no more than the rest of us, so all your conspiracy theories are just that. So unless you post one fact that we are being played, backed by evidence, I suggest folk take everything you say with a huge pinch of salt.
And if you think being an MD of a company means he should be telling all and sundry any sensitive plans or information immediately, you seriously need to give your head a wobble.
When the company is at a point were it will want to implement those plans or act upon information, everyone will get to know at the same time via the RNS service. Not when you think so.
You certainly don’t win any prizes for being the sharpest tool in the box, just another blunt tool, along with many others residing in many a green box that appears here.
Are they buys or are they sells, that is the question ?
I’ve lost count now of just how many millions have gone through after hours since Newmont announced their intentions to divest Tel/Hav.
Questions Questions Questions !
Who do we ask first ?