Member Info for Stebol

Agree with Chisler

Newmont committed to £2B of savings

Telfer / Hav is the most obvious quick win for them

Telfer a drag on AISC plus restitution costs off the books if they sell

Hav not producing yet so it's an easy sell to their institutional investors who will want to see material progress on costs

Job adverts are nice to see but it will always be business as usual until sale confirmed

I'm thinking sale to GGP confirmed later this month but maybe that's the drugs / alcohol talking!

Lots to look forward to

This whole 'size of flare' thing is getting out of hand.

Ooh, slightly damp today so that'll diffuse the light so multiply by 2.3856

Bit of cloud cover so divide by 0.56 but allow for the moisture in the the atmosphere so do the Pi squared thing

Bloody nonsense.

It's flaring and we'll get the results at the end of the month.

Can any LTH;s honestly say, after a decade plus, that they would think about selling now, because the cloud cover is slightly iffy and the flare looks a bit smaller than it should??

Nope, thought not.

Chill out my most respected fellow investors - our time is nigh. Just a little bit more patience and it'll all kick off

Nice that it seems we're finally underway but agree with BtB re TBN, particularly Riddle.

The guy is an uber bull on everything so I would take any comments he makes with a pinch of salt.

Having said that, maybe this time it is going to be good - who knows?

Yet another month and maybe.......

It's quite exhausting

Newtofo - the thing is, we have no idea. Whilst speculation can be interesting / fun , we're ultimately at the mercy of an RNA that says 'Yeehaa' or 'Getthefeckinthere' or something similar.

After all this time I'm still a believer - too many interested parties now to believe this is dead in the water.

Keep the faith and wait for the red dot we've all been waiting so long for.

Best regards

songwe is central to the whole strategy. no way we're selling it.

not only that, but if we finally get an mda at songwe, it also boosts the potential value of our other assets in malawi and paves the way for mda's there too, if we choose to develop them.

i'm confident that funding is sorted for songwe, but hey, i was confident that ****nal would win today and i got that wrong!

hny to all the long termers - it'll come

Thanks newtofo - its building!! We hope.

Seasons greetings

It's nice to see the big boys coming to the party - with hindsight maybe we should have waited!

I'm still (broken record I know) convinced Inpex will join at some point and maybe take a stake in Falcon. If you cast your minds back to when Origin bailed, we were apparently very close to exercising our option and were in talks with a third party but time was short. I think it may have been Inpex but who knows.

Whatever, it's becoming quite interesting again and for those of us who've been here for way too many years, I hope we will finally get some sort of payoff in the near term.

Best wishes to all holders & a jolly Merry Christmas to you all

The whole MRE thing is fascinating panama.

Is it just us? Has it been reviewed / approved by Newmont? If it's just us, does that mean.........?

Jolly good fun anyway - is it Cava at 20P? I'm still on the Bow so I know we're not there yet.

I did think SD looked like the cat who got the cream in his last interview but maybe he just has a real good poker face. Still think we get it all, although you'd need more fingers and toes than I've got to count the number of times I've been wrong.

Exciting though

Hi panama

I think maybe at this level there are things you can say and things you're expected to say. The relationship with NCM was always 'we value our partners'; 'professional people'; 'disappointed but we understand' re the expected MRE update. All whilst they were trying to screw us over. I think SD is playing the corporate game.

MRE is going to be interesting, not so much around how many ounces but all the other stuff;

Will it have been peer reviewed by NEM?

Will it be released, in part, as a defence against a low ball offer?

Will it be released after we've acquired 100% of Hav?

And what's with the Scally results? Are we keeping them back as a defence? Might Scally be part of some new deal going forward? Endless possibilities.

I trust you enjoyed your 10p Cava, or was it Prosecco? Lets hope its Champers next eh?

Hi extrader

Not an informed view by any means but charting is a bit like horoscopes really - you have believers ..... and then you have normal people. I'm a feisty bugger - but wait, I'm a bloody Scorpio so that explains it - and then you have every other Scorpio joining in! I'm particularly tetchy on the 8th of the month - and lo and behold, you have 20.000 Scorpios going 'Yeah, thats me!'

Same with charting. Draw some random lines, talk a load of horlicks about golden crosses and ooooohhh, its above the 16 day moving average and, wait a minute, that's a bloody cup n handle if ever I saw one, no wait it's an inverted pentangle with a fiddly bit sticking out the side, and the believers all go 'yeah, get in there'.

I didn't see too many Zaks when GGP was dropping from the highs.

They usually always appear when a stock is going up and the mantra is generally 'If it goes up a bit more, it'll go up some more but if it drops then, eeeerrr, it might drop some more, Genius!!

I'm not sure if that answers your question but clearly I'm a non believer - there's a shed load of gold in the ground - that'll do me

Nice rise over the last weeks finally.

You can tell we're on the up when posters start recommending other stocks, paying a house deposits, repaying mortgages, buying cars, buying bullion - or basically anything that requires you to sell GGP.

We saw all this 3 years ago and still ain't budging.

Best to all the genuine ones and a special best wishes to mushroom kid. I can empathise with the discounted prawn ring for tea in order to keep GGP. Hopefully, not for much longer

Thanks for posting LesBoy

AISC is interesting.

I get the argument that Hav AISC would look attractive but we're not producing yet.

In the meantime, Telfer AISC is $1667 per oz - is this going to be attractive for NEM on an under-utilised processing facility?

'Hey shareholders. As part of our optimisation and cost synergies, we've decided to keep Telfer and increase our overall AISC.'

Certainly more questions than answers at the moment

Hi Magnum

Newmont website clearly states $2B CASH from optimisations so I read this as sales rather than accountancy tricks.

Hi panama

Newmont targeting $2B cash from portfolio optimization so I'm hoping some of that will come from sale of Telfer + 70% of Hav. Not sure their shareholders would be expecting additional expenditure required for our 30% when they've just forked out for NCM.

It's ours i tell ya!!

Certainly interesting again at least

I'm just curious.

Operational updates and usually released by NCM and ours are basically 'copy and paste' jobs. On this occasion, we seem to have released what appears to be market sensitive information independently.

I assume the release was given the ok by NCM / NEM?

Dip - definitely wasn't a dig mate. I appreciate what you contribute, as do many others.

I just think that we are now 'on the cusp' as it were, and it's become binary. We either have Havieron or we don't.

Simples! If only.....

Before I go any further I'd like to point out that I've just returned from the pub. It's not something I do often, but my Son is 30 this weekend and needed trouncing at snooker.

20p you say? Yes, I appreciate very much Dip's comments and calculations but - based on this %, that %; assuming a gold price of Z; assuming X % ownership; assuming Y is attributed to GGP etc etc. Ultimately, it's all balls isn't it?

The fact is, NEM will divest Hav, GGP will control, either in full or in part with Wyloo, and it's happy days.

No doubt in my mind, none at all.

You don't build a management team like we have to muck about on the fringes - I'm quite sure discussions have been going on for at least 18 months.

Just my view and clouded by alcohol no doubt but it's nailed on.

Best wishes to the stalwarts

Thank for the feedback Bamps & others who were in attendance.

I suspect the 'dodge' on the decline question is all about timings of corporate events and not wishing to rock the boat at this stage.

Top of the orebody in Jan doesn't quite fit with the whole Newmont decisions on assets expected Feb, nor the continued absence of an updated MRE and FS from Newcrest.

I had a strong sense from an early response in the Q & A yesterday that Hav is going to be ours - news on decline and everything would be great for us to release. Wishful thinking maybe but still an optimist

Hi Northern

I wouldn't say I'm informed but I do have a view.

What happens next very much depends on the results of the current drill.

Lets assume it's successful (after years of that sort of assumption, surely to god we'll be right one time), then there are a number of possibilities.

Share price inevitably will go higher, allowing the possibility of a less dilutive raise to fund ourselves to pilot production.

Other players, such as Inpex (sorry, but its always been my favourite), will take a chunk of Falcon and allow us to progress to pilot production. If the Beetaloo is seen to be 'in play' then our million acres have got to be attractive to feed Ichthys. I just can't see them allowing Tamboran to send all the gas to their proposed new terminal.

Sheffield obviously another big player and may increase his holding.

I suspect there are a few big companies watching closely. The fact that Tamboran has signed non-binding LOI's with Origin, AGL, EnergyAustralia and Shell Australia to potentially purchase 510-750 TJ of gas per day would support that view. In addition APA have commenced preliminary work in the Beetaloo / East coast pipeline.

This all gives me some confidence that the Beetaloo will come good. The only issues now are how much more time and what is it going to cost before us before we hit the tipping point for future investment.

So, to kind of answer your question. As things stand then yes we maybe have to be selective and yes we will require funding at some stage. But it all depends on the current drill - if successful then it could change everything.

I've been here since before my first grandson was born and I now have 3. I'm kind of hoping we see real progress before they are all in high school education!

Best of luck to all the usual suspects

Back in March 22, if anyone had suggested we'd still be waiting on the next update, the FS, the ASX listing and EG approvals, they may well have been considered slightly bonkers.

I know we'll get there eventually but it sure feels slow.

Too early for a cider??