Member Info for Toby1967

Whilst good drill results are always welcome now we are a producer with A market cap of approx Aus$3.5b the effect on share price is likely to be a small spike unlike a junior where a big jump could be expected

I think it is more likely to move the share price when they announce annual reserve and resource updates which will be done annually

Last week and again in this article people seem to be pointing to shorts but I am not sure this is the case

On the ASIC website they publish reported short positions with a 4 day lag and from this it peaked at 0.86% on 14 July and despite claims of short increasing prior to results in had dropped to 0.58% on 28 and 29 July

There are other companies with an increasing short over same period which did not collapse as our share price did and given the low reported short position I think the reason for the SP performance in elsewhere

Speedy

A short of 0.86% was in place last week from the market index web site

They seem to do their shorts report weekly so Monday morning Aus time we will see if the short position increased this week to include either the Uk listed 0.5% this week or any other short position opened this week or if any shorts were already open

There has been a short position showing in Aus at 0.86% for days now so not sure if it includes the 0.5% added today in Uk but should see if Aus shows an increasing short when market opens

MH01

I think your figures are possibly wrong

whilst there are approx 500000ozs on the stock pile that is i believe to be head grade so keeping it in round numbers recovery will be 80% so it actually means 400k ozs

Also approx half that gold is low grade stockpile which may or may not fully be processed but to process that part of the stock pile as it is approx 1/2 the grade the costs to process are double which clearly has an impact on profit

At the end of the day the stockpiles are a bonus but what is in the ground and yet to be mined are of more interest when the updated resources/reserves are published

Bamps

Maybe read your original mail and the point i made maybe clear as your reply to me at least has gone off on a tangent

not sure why you are now referring to grams as your original mail was clearly based on ozs,a stated bar size and number of bars produced which did not add up but you have clarifed where the 15% come from

I don't know what Sprott are claiming as you made no reference to them in your original mail and i have not read any thing of theirs in recent weeks

Bamps

something does not add up

If you say each bar is equivalent to 4000ozs and 26 bars could have been produced then that is 104000ozs which in round numbers is 30% of indicated annual equivalent ozs expected or am i missing something here

In answer to the question yes juri jv is included as are Newmonts interests in various Antipa assets subject to antipas acceptance

On a second point total shares will actually be 13 billion not 10 billion as some are quoting

15 months or so gold at Telfer and first gold from Hav 2nd half of 2027 so a potential 18 months with no gold

JD

I am not sure how you conclude most SH's prefered outcome is option 2 given the small number of actual SH's who have responded to your original mail

If and when a deal is struck it will be the fine detail which tell us how good or otherwise the deal is and at that time we can all then decide what a blinder SD and the board may have played

i think like the debate on the 5% valuation most on here will be very wide of the mark but i do think a good deal is there to be made for somebody

Dip

As my mail to TT no deals have yet been concluded for asset sales

The deal is for an exploration project close to the Eleonare mine which is not part of the announced deal

Dip

As my mail to TT no deals have yet been concluded for asset sales

The deal is for an exploration project close to the Eleonare mine which is not part of the announced deal

TT

I am not as certain as you appear to be about Newmont not hanging around

The transaction is not for the Eleonore Mine itself but the nearby Eleonore South exploration project so would be like us buying their interest in the Juri JV so we had 100% and not Hav and/or Telfer

Toffers

I love your wishful thinking but if our updated MRE comes in at 10 Million Ozs (which i think may be higher than actual) 30% of that is 3 million less at least 10% in losses during processing so you are suggesting they will pay around the current price of gold per Oz for gold still in the ground and not yet accessed

One reason i believe Newcrest appeared to go cold on the project was because when factoring in Telfer their AISC would be far higher than GGP's and this is possibly why Newmont may sell although upscalling the project is also possible but that is likely to delay first gold

Clearly todays RNS was in the pipeline prior to Shaun announcing his London visit so do we have a further juicy RNS early next week with the real reason for the visit otherwise it is a wasted trip and possibly a subdued meeting

James

what with your earlier mail to Peter and now this you really come accross as the nasty one and maybe the board would be better without you

If you dont like or agree with peoples views by all means state it but don't get abusive and if there is any justice it will be picked up and you will get a ban i for one think you deserve

Maybe when your own little circle of true believers state things which are not correct and i could pick up several today be as forthright with them dont pick up occasional contributors who you label as Fudsters with no evidence - is that not a sign of a bully

Look forward to your (un) friendly reply

redtrader

i agree with your comments whilst i feel shaun is doing a great job the one concern i've had since buying my first shares some 18 months ago particularly given his cfo background is the failure to secure an income stream early on (which may have involved a cash raise) would have i believe made things a lot easier for us now and possibly if it had been a small mining operation purchase and they were asx listed made our own cross listing a lot simpler but maybe it is simply the right deal was not there to be done

one other concern i have on the tasmanian disposal is the deal . upfront we were advised $200k but we took this in shares with a stated value in the rns of 10cents. ***** shares day before announcement were 7 cents raising to 8cents that day and are now back to 7 cents so did we actually get the $200k (i know like my own investment it is what you get when you sell but to state a nominal value above the trading price at day of announcement seems strange)

Bamps

Maybe i have mis understood the document as the 550mt of tailings is covered by the original approval and they do not appear to be adding any more with this amendment so a lot of that figure has already been milled from Telfer ore and exists

This amendment covers 2-4 MTPA which if we say 20 years at max 4 gives 80mt of tailings less recovered minerals

I would also envisage an additional amendment would need to be submitted to increase mined capacity above the stated 2 to 4 MTPA

Ive no doubt it will end up a lot more but that is further down the line

If the underground development is not starting until late 2024 that would suggest first ore out and gold for GGP will not be until 2025 which is up to year later than a lot of people are expecting . Is this your understanding or has Shaun advised different from your own corespondence

Bertisboy cannot see what you refer to re selling but it does suggest Tom Palmers speech suggesting they will end up with 3 assets in Australia (their own 2 and Cadia was my guess) supports this and this is what Sean is working on but then Hydro's intel suggests otherwise - time will tell but i am sure Sean is on the case if there is any chance of a deal

One further point the report does suggest Hav will not be contributing until FY2027 which i conclude from the grades being milled, comments and investment or am i mis-reading this as it is later than expected but no surprise given the Newmount takeover and delays to DFS and DTM

MH01 i did read your original post which at the time i was going to comment but thought other more informed poster would but as you are re-posting i assume nobody did

The AISC should include credits for other minerals recovered so when calculating net revenue you should only use the gold mined and not the gold equivalent so i think your figures are out by 15 to 20% taking into account copper credits but even taking that into account is still good numbers

On a second point there appears to be no comment on a link posted at 6.15 about A Tom Palmer speech

If refers to 2 Newmount operations currently in Australia and mentions having 3 top tier operations after Newcrest take over

Does this suggest that Hav/Telfer is in play or he simply does not see it as top Tier but still of interest

maybe this is what Sean is working on or maybe i have simply mis read it

Bamps

My grade come simply from back calculating 450k from 3MTPA and working on 85% recovery but i note your 92% which would decrease my calulated grade a little

Based on your reply i think in and a round about way you also feel 450k is actually high on current data but have picked up on Shaun's comment which to be fair i believe you have indicated previously

what does concern me people are quoting this 450k and calculating revenue and even potential dividends but i have serious doubts based on 3mtpa is actually achievable

I have held shares for several years and do have some background in mineral processing and have doubts about long term feasiability of using Telfer for only 3mptpa if no further development after 2025 of Telfer as anything else which could feed Telfer is some years off

i think Newcrests august resource update should go a long way to indicate what will happen to Telfer as will the mine plan for Hav