focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
SHAREHOLDER RETURNS
In line with our distribution policy on ”top-up” shareholder payments, I am pleased to announce additional returns of $4.5 billion, lifting total shareholder returns this year to $8.5 billion. This “top-up” payment will be affected by way of a $1.45 billion special distribution and a new $3.0 billion buyback program that will run until release of our full year results in February next year. The special distribution of $0.11 cents per share will be paid alongside the $0.13 cents per share second tranche of the Base Distribution on the 22 September.
https://www.telegraph.co.uk/business/2022/01/08/british-firms-must-try-harder-make-covid-tests-says-sir-john/
Spare capacity
But there is capacity the UK has not used. The Government signed a contract with Scottish company Omega Diagnostics in 2020 to manufacture tests in Britain, but an agreement was needed on which to make.
Industry sources say conversations were held with many of the large overseas companies for what is known as a “technology transfer” to be able to make those tests here in the UK.
“Non-UK companies were very reluctant to do this,” says one insider. “The Government struggled to licence the technology from those businesses, and so it ultimately had to think, we need billions of tests, if we can’t licence from abroad, we actually need to order all these tests from abroad.”
Late last year the contract with Omega lapsed, leaving the company with kit the Government had loaned. Whitehall is now asking for £2.5m back, which was used by Omega to build capacity and integrate machinery.
Such a heavy reliance on foreign-made lateral flow tests could prove a challenge at a time when they are becoming an increasingly significant tool in the Government’s arsenal against Covid.
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xq79vqw
The development of the exploration decline continued during the period with 211 metres now complete as at
20 October 2021. Planning has commenced for the first ventilation shaft which is scheduled to begin in the next
quarter2. Works to progress the necessary approvals and permits that are required to commence the development of
an operating underground mine and associated infrastructure at the Project are ongoing34.
https://www.asx.com.au/asxpdf/20211012/pdf/451jv3vx6cq640.pdf
Andrew Hay 3,700,000
https://www.lse.co.uk/rns/GWMO/directorpdmr-shareholding-n4dppqjzzt2aeqo.html
https://www.denvergold.org/company-recorded-session/gfa21/88/
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/wv14j3w
https://www.lse.co.uk/rns/GWMO/drilling-results-wqus2gcb2glsma2.html