Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
TTB, I did see your post and it stuck out at the time. I too just don’t believe we are seeing the full picture here yet based on the timing of the Juri JV, leaving Scally, and GH comments up to a couple of days ago. This is the man who was shouting about HAV years ago before anyone took notice, so in my book he gets the benefit until the cows come home.
I would have thought the Juri JV changed the company dynamic, and today confirmed partial results on a tenement which will be further explored in 2021 to potentially add value if one is looking early stages lassonde. All underpinned by a separate asset, to be mined, which in itself is hugely undefined and undervalued.
Regardless, good luck to you.
I will be the last person posting about MMs looking for stop losses, playing games, etc. but today I feel was purely about hitting stops down to the 24p level. The drop was too quick to be anything else.
Hydrogen and others have posted about the amount of funds / institutes taking positions, and the last several weeks has been very strong on no news and minimal volume. That said, they tried the big drop on the news of GH departure in order to pick up shares, and we saw what happened afterwards (all time highs).
Today was nothing short of the MM dream, and they took full advantage - well done from a selfish perspective, it will allow us to move into the 40s that mush easier. I firmly believe that the majority of large sells posted after hours were stop losses - its PI money, and not insignificant amounts.
Finally, if you read between the lines and look at the circumstances around the Juri JV, you will know this isn’t the end of Scally. In the words if LL Cool J, we’re going back to Scally.
Any thoughts on why this new target is emphasized in the RNS?
I would also be curious to hear from JoeBass and how today’s results compare with what he was hearing, as he was quite bullish. Despite the drivel on here today, I do hope he sticks around.
The amusing thing is it doesn’t matter if individual PIs sell up - this isn’t an AIM stock anymore (well, it is, but you know what I mean!). Funds are soaking up shares, the gamblers which think they can add substantive discussion yet have qualms that it won’t 10 bag by Easter have thankfully moved on.
Let me first state that IMO a sale of HAV on its own doesn’t seem to make sense for any involved parties, and is now considered unlikely. I’m assuming we end up in JVs with NCM for the entirety of the Paterson. Let’s also assume that, in Q3 2021, a district scale discovery in our Paterson tenements starts to become somewhat apparent.
It is at this stage that I think a takeover of GGP becomes priority for NCM, not only on an operational / margin basis in owning 100%, but from a risk management perspective as well. Perhaps then a much larger position is taken by NCM in GGP, or GGP is acquired outright even as a subsidiary, as TTB alluded to below. I suppose we’re not disagreeing, I just thing that NCM taking a stake in GGP is premature at this stage.
Forget about the money, this share is worth it for the story alone ;)
Sorry Lenz, I suppose my point was they won’t in my view buy a % of GGP, they’ll get that via JVs.
That said, I think Spy might have an inkling of who might want some GGP.
The Juri JV went a long way to secure the area (and by area I mean GGP), a Scally JV is IMO the final piece of the puzzle. A win for all parties, including us interweb nerds ;)
Agree with your comments on a buy out, things have changed since summer and surely Steve T would agree.
Goodness me, this board has some great insights.
I agree in not rocking the boat with NCM, though TMT has great point on proving up the asset to get better JV terms and shareholder value. My favorite thing about the NCM JVs is the spreed at which they are progressing - this is why we are at 35p today and not 2022. That said, if we had a 50/50 JV with NCM for Scally, what is NCM motivation to develop Scally at lighting speed and feed to Telfer, instead of using those resources on HAV or Juri? Rhetorical question which I don’t know the answer to.
Funny thing is, with all of these scenarios, it’s hard to find an outright losing proposition.
Hi Red,
I think others on here like Paddy, Merc, Hyrdo have said it best. Assuming Scally is a hit, why give up our golden goose to revert and become SolGold. If this truly is district scale potential, we can ultimately be sat on 20-30% of the lot (Hav up to PRE) with, relatively speaking, minimal spend.
If we do want to initially explore Scally on our own, there are more and more financing options becoming available to us with the growth of HAV. That said, I’m all for JV’s because of the certainty it brings, lack of dilution, and the growth in SP.
Now put the above in the context of the macroeconomic forecast, peak gold production, printing of fiat and manipulation of the precious metal markets. That’s why I’m ready to put my feet up and watch us progress different JVs in the Paterson over the next 5 years.
This is a good book you can’t put down, and I put a lot of it down to GH foresight and thinking big picture to avoid certain downfalls that many explorers experience.