focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Https://www.newcrest.com/careers/current-opportunities?job=985834
Indeed Ben, and good luck to those retail investors that seem to continually believe that they'll get a chance to buy back in then, because they won't! The MM's won't let them have any shares on the really significant rise up. They'll be going to their big clients. They'll be left clicking on the buy button on their keyboard, to no avail, as, "The computer says NO", and they see the blue numbers going higher and higher!
Yup, classic rinse, repeat! Seen it all before for decades, and no doubt will in future!
Nothing's changed! The gold & copper are still there, in one of the biggest, if not the biggest, gold/copper mother lodes in a generation or more.
@ YNWA91, Personally I dont believe that the rise to 12p was anything much to do with the MRE upgrade. The 12p you mention was around 2-3 weeks before the upgrade, after which the sp drifted down to the 9.3p on the day, so nothing to do with, as you stated, "...until SD released his MRE." I was purely correcting that statement. Also, we hit 11p a month earlier, around the 17th November. IMHO, it's more likely to have been institutional buying, but, also, followed by shorting, which has plagued us for years now. That all said, I'm as frustrated as anyone else, but, at the same time, happy with the fundamentals, which I know, as a LTH, will reap the rewards later, after, sure, a lot more manipulation.
@ YNWA91, "To be fair we were knocking on 12p’s door a few weeks ago until SD released his MRE..."
The Greatland Gold Havieron MRE upgrade was released on the 21st December. The GGP sp on the 21st December was 9.30p at open, and closed at 8.4p.
Hammered?! Really?! On what basis exactly?
@ Tatty99, Really? Firstly, thanks for another of your, continuous, but latest, negative post on our company.
Secondly, why would anyone be slapping anything, based on very early drilling results?! We've not spent anything recently on drilling in Taz! Sure, if we hit a huge mother lode, maybe 5 years+ down the road, then I may change my view that we did exactly what was best for us at the time of the devestment.
Only time will tell, but, at this point in time, I still consider, what we did in the divestment, the best for the company, which still gives a reasonable return, if this progresses to anything near mining.
@ jenforluck i agree with most of your post, as i've been in the 'game' for over 40 years now. yes, lots of, and increasing manipulation going on, especially in the likes of the aim market. however. if you look at the fundamentals, and do your, increasingly necessary, research, then there are gems, provided you ignore the nonsense, and look, often as you have to, medium/long term. i accept that doesn't work for many, but, for me, it's worked.
as for the 'establishment', well, all i can say, is that i'll take any chance possible in my life, to take their useless, arrogant ****s to the cleaners! please excuse my language, but i'm sure that a whole load of people know exactly what i mean!
good luck all and dyor!
Good news, if this progresses further, at absolutely no cost to us, as we have a deferred payment of AUD500,000 pending the definition of a mineral resource of at least 500,000 ounces; an additional AUD500,000 upon issue of a permit to mine; and a 1% net smelter royalty payable to us for any future production from either Warrentinna or Firetower.
It looks like there are two facilities in operation and six smaller facilities no longer in use at Telfer...
https://www.newcrest.com/sustainability/dams-and-tailings-management
It looks like production at Telfer has been halted due to an issue with, 'cracking and seepage' on the tailings dam wall.
https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fmining-energy%2Fnewmont-has-ceased-gold-production-at-was-telfer-mine-after-spotting-cracking-and-seepage-on-tailings-dam-wall%2Fnews-story%2F93ca6bf247cede762743f4894a7a36a9&memtype=anonymous&mode=premium&v21=GROUPA-Segment-2-NOSCORE&V21spcbehaviour=append
It does look more like a general downgrade of miners, as stated bt Morningstar, namely,
"Berenberg cuts target prices for miners"...
https://www.morningstar.co.uk/uk/news/AN_1704792567544027900/london-broker-ratings-berenberg-cuts-target-prices-for-miners.aspx
They've cut pretty much all of the small cap miners they mention today.
Personally I think they're wrong, as analysts I respect have stated that junior miners are rock bottom, and they expect a definite improvement early this year, especially if the gold price continues north.
Getting someone in early to train them up ready for the extra, HIGH GRADE, gold ore... ;-)
https://www.newcrest.com/careers/current-opportunities?job=985912
I don't believe that anyone really takes any notice of Berenberg's ratings, and, to my knowledge, it's never had any effect on the sp anyway. Also, how can they reiterate BUY @ 19p just 4 days ago, and now give 12p?! It was BUY @ 19p before the latest Havieron MRE upgrade! Makes absolutely no sense, whatsoever!
It looks like the Byrnecut Havieron contract date has now been extended to June 2024.
https://www.byrnecut.com/projects/oceania/australia/havieron/
My best guess is that they maybe have a form of rolling contract for Havieron. Maybe someone else knows more?
I appreciate that people have varied views on Berenberg Bank's GGP ratings, but, anyway, they reiterated BUY yesterday, with the unchanged target price of 19p.
Up 0.9% toady so far@ $2062 ...It looks like it's maybe, in part, or more, also halted the GGP sp decline...
As others have said, the movements north & south are no different from what we've seen for some considerable time now, and, IMHO, I don't see any major change to that, especially when the sp is being manipulated, as is patently obvious to me, and has been for years!
That said though, I'm confident that the 'base' share price is now moving up in line with the latest news (ie. MRE upgrade), and I'd expect that to continue, possibly very strongly too, over the next year or so, as more news is added, up to, and indeed continuing, after production.
I really believe that c.8p is now the base sp. Quite frankly, I dont know why I'm saying that, as I rarely, if ever, mention actual numbers on here! But, hey, if I'm wrong I'll admit it!
That all aside, another hit, in any one, or hopefully more, of our considerable Paterson tenements, either100% owned, or J/V, could light up the touch paper, and result in major sp fireworks! If that happens, and, it's increasingly likely to happen, most retail investors will probably lose out, as it'll be very difficult to buy in when the sp rockets north! As I've said for years, if you snooze, you lose!
So, essentially, I'm more than positive. I believe we have a new base share price, and, if you sit on the fence, you'll probably lose out!
DYOR & GLA!
Thanks Bamps! TT
Hi Bamps! What's your best guess, please, as to when we can expect some underground exploration/growth drilling to start at Havieron? Do you think we'd wait until we hit the actual ore body in the decline first, or would we maybe start before that point? Thanks! TT