Member Info for TimberTrader

@ Culpepper, "Who's expctations?" I thought that would be obvious, This was a presentation to shareholders, so clearly theirs. Have you read the transcript, or just commented?

Absolutely Mark! Just like a politician! That's exactly how I see it too, managing expectations.

BTW, assuming that Tom Palmer is only "slightly confident" about the status of the Telfer divestment, IMHO, this could be a positive for us. Maybe there are very few, or no other parties interested? Maybe only us? If only us, then we can almost certainly play hardball in any negotiations. As always, only time will tell, but, let's be quite straight here, however you look at it, the tailings dams issues have cropped up now, and not later!

Anita Soni

.....And then also, the other aspect would be the Telfer spend. Are you going to continue to mine at that rate? And how much was that spend again? I thought I heard $185 million, but I could be wrong about that?

Karyn Ovelmen

Thanks, Anita. The first half of the year traditionally tends to produce adverse working capital changes. So we expect the free cash flow generation to improve in the second half of the year. And as I mentioned in my prepared remarks, we do have some unfavorable impact. So, you had to go to water treatment. And as you said, yes, spent 166 to-date....

Natascha Viljoen

And in general, and from cost production, we will continue to mine as we know that there's a solution for the tailing stand and as we're working through those solutions. And then, we do have capacity in the plant to catch up to get that production through. And as we get that production through and declare the ounces, we will also declare our unit costs.

Thomas Palmer

Yes. Thanks, Lawson. The approach we took with Telfer - and certainly talked to this a number of times over the last few months - is ultimately being radically transparent around those tailings issues. So we - since we saw the first of the sinkholes developed on Christmas Eve, have been very transparent with the regulators, with our workforce and with any potential buyers around, what the issue is and what the work is to remediate those issues.

So that the issues are well understood and the remediation is well understood, and we have been completely transparent around what that looks like, and the pathway to remediate. So there is a clear pathway to remediate, and I might just get an attachment to give a little bit more detail, as to what that looks like and maybe a bit of the timing, around that, because that then serves to understand with that transparency, what any potential buyers looking at.

In terms of the ability to acquire Telfer and to be able to run the operation for some time to come. I should add before I pass to Natascha, we continue to operate the mine. So we're building stockpiles in front of the mill. So as soon as the tailings facilities are through the remediation work, the plant can start up and we can continue to process ore and produce gold again. Thanks Natascha?

Natascha Viljoen

Thanks, Tom. Good morning, Daniel. Firstly, I just want to reiterate the point that we've been transparent with all parties involved throughout the process. Secondly, I want to reiterate that both the TSS 7 and 8 dams are stable. We're progressing the TSS 7 rehabilitation as planned, and it is all around how do we fall in the sinkhole, placing membranes and preventing in that way any further erosion in those areas.

So whilst we're working on the stability on remediating the sinkholes in TSS 7, TSS 8, we've completed the rehabilitation. And we have authorization to continue with a lift on TSS 8 that we are required to do before we can do any more depositioning on that dam. It is on schedule, and we are planning to start up Telfer in the fourth quarter when we - when the rehabilitation and the lift would have been done.

Let's be quite honest here, the Newmont Q2 2024 operations and financial results will NOT be a platform to inform anyone of any new sale of Telfer/Havieron. So, let's just get that right from the start. These are never platforms for the like, and never have been. It's looking at the past, not current.

Great news! There's always been confidence that we have something good, possibly great, at Scally! However, as is always the case, it's been pinpointing it!

Don't forget that the Havieron target was first recognised and drilled by Newcrest Exploration between 1991 and 2003 with most holes displaying alteration and low grade anomalous gold and copper mineralisation, but following re-evaluation of geophysical datasets our first hole in 2018, HAD001, intersected 121 m @ 2.9g/t gold and 0.23% copper from 497 m down hole. Other follow-up holes in 2018 were also supportive including HAD005 with two zones of mineralisation; upper of 103 m at 3.5g/t gold and 0.93% copper from 459 m, and a lower zone of 128 m at 7.4g/t gold and 0.54% copper from 680 m.

So many new mining investors, and potential investors, are clueless about the time it takes for exploration companies to find valuable targets, and hopefully, as Bamps says, the MT survey has added to all of the other data, to give the very best new targets for drilling.

If you think that it's a fast buck return, then you're probably invested wrongly. However, with patience, you may get big returns, or mega returns. Your money, your choice!

DYOR & GLA!

When Shaun Day can speak in interview, "He'll be bouncing up and down in his chair with so much information to spill when he's finally ungagged" (Charles Archer).

Really nothing more to be said! That's exactly what's happening, as most people know!

From 57 minutes through...

https://audioboom.com/posts/8544419-sunday-roast-featuring-charles-archer-long-term-ftse-aim-investor-and-freelance-financial-analys

Freddie, do you really not appreciate that the shares in issue aren't traded each day?! If they were, it may be very different. If the traded volume is only a few million, then the 26M clearly has a massive effect, when used even in a small part.

"In gold mining we focus on the most prospective stages of the mining industry. This is done by a very close cooperation with top geologists, which is instrumental for the stock selection within the small cap sector."

Maybe Konwave have been talking with Callum?

Microsoft IT outage affecting airlines, banks & railways worldwide.

8p hit again...

@ JiffyBag Thanks for the links. I usually keep an eye on the Morningstar GGP Ownership site, as I don't have access to a Bloomberg terminal, and have posted new funds, etc. from time to time on here. I must admit I haven't recently, but it's very interesting to note now that we have a new asset manager, which hasn't been there before, Konwave AG, which has a new holding of 33 Million shares. They are a "Swiss provider, FINMA approved Asset Manager Collectiv Schemes, who offers active investment solutions in structurally attractive themes with a focus on gold mining", and "In gold mining we focus on the most prospective stages of the mining industry. This is done by a very close cooperation with top geologists, which is instrumental for the stock selection within the small cap sector."

https://www.konwave.ch/about-us/?lang=en

The zone returned favourable results, with 17 out of 36 grab rock chip samples demonstrating over 10 grams per tonne (g/t) gold, including 99.4g/t, 76.6g/t, and 67.1g/t.

According to F l y n n, the gold is hosted in multiple sub-parallel quartz-sulphide veins over a minimum 65m wide zone. Assays from initial trench channel sampling include high-grade mineralised intervals, including:

11m at 2.0g/t gold including 3.3m at 6.3g/t gold

16.5m at 1.3g/t gold including 1.5m at 6.8g/t gold and 4.0m at 2.4g/t gold....

https://www.australianresourcesandinvestment.com.au/2024/07/19/a-high-grade-gold-discovery-in-tasmania/

We upgrade our Gold price forecasts to US$3,000/oz in 2025 and 2026 and expect recent outperformance in ASX-listed gold equities to continue....

...Antipa were an early mover into the Paterson region in WA and have attracted majors such as Rio Tinto, Newmont and IGO via joint venture and farm-ins into their tenure and have a potential standalone development opportunity in the 100%- owned Minyari Dome Project, 35km from Newmont’s Telfer operation....

...Telfer ownership update. Newmont has announced the sale of the Telfer mine that was acquired as part of their purchase of Newcrest. We see a new owner of Telfer as a positive catalyst for Antipa as it will answer the ownership question that has held the region back and may results in more aggressive development timeframes....

https://antipaminerals.com.au/upload/documents/investors/research/240717062209_24-07-17-ShawPartners_GoldPriceStrengthtoContinue.pdf

Absolutely anything, whatsoever, under 7p, is a complete, and utter steal, IMHO, and has been for many. many, months now, as I've said, repeatedly, over that time!

Personally, I've increased my GGP exposure, by well over 200% now, over that period, at anything under 7p, as I've posted many times.

Good luck, whatever your personal decision, but, as always, I 'm definitely now, expecting the usual, as we go significantly higher, very soon, the usual cry of, "I just wish I'd bought in at the ridiculous low levels below 7p"

Good luck & DYOR!

7.75p now, but, IMHO, we're going significantly higher over the next week or so!

While Australian gold production will be sluggish in 2024, it is set to pick up from 2025 through to 2030.

The future for gold is looking bright. The yellow metal achieved a record price of $2,450 per troy ounce in May, having rallied more than 40% since November 2022. While the effects will not be seen in 2024, higher prices are enticing Australian gold miners to raise production plans to 2030....

https://www.mining-technology.com/features/australian-miners-cash-in-on-high-gold-prices/?cf-view

POG just hit $2458. A new record!