Member Info for TimberTrader

What a surprise! Nothing to see here, bar blatant sp manipulation!! Back to +/- 7.30p again!

https://www.tradingview.com/x/Y8eiPKZx/

Roll on the impending sp catalysts! Then watch out!

The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue in 2024.

Fitch expects to see demand for critical minerals surge, with a number of key markets at risk of going into deficit in the long term....

...Aside from critical minerals, gold remains a top target among industry players, Fitch said....

https://www.mining.com/strong-metals-and-mining-ma-activity-set-to-remain-over-2024-report/

@ Rashpurchase, "Asx cross-listing targeted for 2024 H2...Now that sounds great to me!!!"

I couldn't agree more! The sooner we're cross-listed with, or, indeed, better still, listed ONLY with the ASX, the better, IMHO, and out of the wild-west AIM market, and it's 'ability' to be manipulated by so many! BTW, the latter is inevitable, IMHO!

BTW, for anyone that maybe has investment concerns, such as S&S ISA funds, the ASX is recognised by HMRC as a market which is acceptable for S&S ISA investments.

Quite frankly, I'm actually not expecting 100% clarity from anyone this month. Newmont can, surely, play the long game, and, essentially, I don't care. The Havieron development will, undoubtedly, continue, adding massive, further true value.

However, let's not forget, that we hold 30% of one of the biggest, if not the biggest, gold/copper mines (no doubt on that, whatsoever!) in a generation, or more!

The current GGP sp, again, IMHO, is ludicrously low, so I can't see any downside from that now +/-, and, whatever happens, Havieron will be mined, with a DTM being, now, merely a formality!

GLA & DYOR!

Indeed! It really isn't far away now...Tempus fugit!

I still can't believe how fast it's all happened. We're only just coming up for 3 years since we started the decline. That must surely be some form of record in the mining business, and now, pretty much, only another 12 months or so to go to first ore/production. It's frankly incredible, and. what's more, it'll be the high grade ore, which is significantly higher than Telfer is producing currently.

As old Sandeep said, some time back, "...but the focus is get those high grade tonnes from the crescent zone into Telfer, as soon as we possibly can, while we're working on what the entire deposit looks like. It's really exciting. It's work in progress. Get the cash flowing as soon as you can. That's always my principle."

And reiterated by Shaun Day, "Havieron just continues to give, and that's all part of delivering, firstly, the start up mine, as the SE Crescent, tailor made for our balance sheet - Drive in, get into production, move that high grade ore through the mill and generate free cash flow, but then to re-invest into the broader Havieron opportunity. It's brilliant to work on an ore body like this."

Get the cash coming in first! There is no doubt now that we're speeding towards that now, and only about another 12 months to go!

...at least on a Sunday, so far anyway, not being infested on the forum by the usual trolls & de-rampers, and, for some of us, being able to post some more research and relevant valuable comments!

Sad to know, though, that they'll undoubtedly be back tomorrow!

GLA & DYOR

Regards the AISC of Telfer, Taylor Dart at Seeking Alpha (well researched analyst & commentator, IMHO!) published the following, in September last year, on the Newcrest/Newmont situation. And, don't forget, this was before the recent Havieron MRE update!!:

"Hence, this will be a very different looking group of assets from a free cash flow standpoint later this decade when Havieron and Red Chris Block Cave are online, Brucejack is further optimized and Lihir's production profile is above 1.0 million ounces per annum...."

"...So, while the price paid may look steep, it's hard to put a price on multiple assets with what look to be at least 25 year mine lives (Cadia, Havieron, Red Chris, Wafi Golpu) with all-in sustaining costs coming in between [-] $100/oz and ~$800/oz, miles below the current industry average. ..."

"...Importantly, these are entirely separate from world-class intercepts coming from other assets in the portfolio like at Havieron (~150 meters at 3.7 grams per tonne of gold and 0.15% copper) and Red Chris (~248 meters at 1.6 grams per tonne of gold and 1.4% copper, or ~3.5 grams per tonne gold-equivalent)...."

"...So, while we will see lower costs immediately for Newmont if the Newcrest deal is approved, the medium-term and long-term benefits are also significant, with low-cost projects like Havieron (70%) and Red Chris Block Cave (70%) paving a path towards sub $1,000/oz AISC and the potential for even lower AISC if Wafi-Golpu (50%) is developed (another asset that's expected to have negative AISC)..."

https://seekingalpha.com/article/4634569-newmont-stock-sitting-trough-multiple-ahead-margin-recovery

Greatland Gold EIS C0-Funding:

PAST

Round 2 2010-11 Greatland Pty Ltd at Ernest Giles for Au, N

Round 25 2022-23 Greatland Pty Ltd at Ramses Target (Rudall) for Au, Cu

Round 26 2023 Greatland Pty Ltd at Meadows Gold Prospect for Au

CURRENT

Round 28 2024 Greatland Exploration Pty Ltd at Canning Target for Au Cu Dmd

"The Western Australian Government has introduced two new geophysics initiatives amid opening applications for round 29 of the Exploration Incentive Scheme and series seven of the Energy Analysis Program.

The Exploration Incentive Scheme (EIS) is an initiative that was created by the WA Government in April 2009 that aims to encourage exploration in the state for the long-term sustainability of its resources sector. Its co-funded drilling round was created after the WA 2023-24 State Budget allocated a funding increase of $1 million per year.

As per the recent funding increase, the EIS will expand to include a co-funded geophysics program that will offer $2 million per year to generate new geophysical information to support greenfields exploration through a focus on critical minerals.

Another initiative involves the Energy Analysis Program (EAP) providing an additional $500,000 for a new geophysics acquisition category to better understand energy and geothermal systems...."

https://www.australianmining.com.au/wa-government-expands-exploration-incentive-scheme/

Nice to see the rise north today, currently up 14% @ 1,25p.

Maybe some news coming on Monday?

Yup, that now appears to be the issue. However, it just goes to show how volatile AIM can be, and there's no reason why the GGP sp wouldn't react in a similar way with abother find and/or with the Havieron catalysts which are upcoming soon.

Good grief! It's the right thread. It's that admin EG post at the top of all the threads that confused me! Sorry!

Sorry! Ignore! Wrong thread!

Up 103% on AIM currently....Would be nice on GGP soon...!

Exactly Jerry! It reminds me of so many currency exchange houses that advertise "Commission Free" and a lot of people think that they're getting a good deal, without looking at the actual ROE.

Interesting that they have halted trading on the ASX, but not on AIM?

"The securities of Artemis Resources Limited (‘ARV’) will be placed in trading halt at the request of ARV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 13 February 2024 or when the announcement is released to the market."

https://wcsecure.weblink.com.au/pdf/ARV/02771077.pdf

ARV were up 18.75% in Oz and currently 51.52% on AIM...

@ Rashpurchase, "Strangely enough, there does seem to be an upwards pressure on the sp at the moment. Even with sells outstripping buys quite substantially on some days. I think this may just be a small dip and we continue upwards."

I agree (However, I would argue that a lot 'sells' are actually 'buys'), and, as I also stated recently, IMHO, post MRE upgrade, we've probably now set a base sp at around 7.25p +/-, unless we hear something drastically negative, but, TBH, I can't see anything negative in sight at all.

Talk from the usual de-rampers (we're all well aware of who they are by now, and, also, the usual/new one's that turn up on Friday evenings, or the weekend) of the likes of 6p are absolute nonsense, IMO.

GLA & DYOR

HaHa! You're such a card Freddie! I just love the way you often find of dropping a subtle little, tiny, minute, puny, negative, often in jest, into so may of your posts! What would we do without your humour?!

Net gain, IMHO. Much of the drilling was funded by the EIS, and some valuable data received.