Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jiffybag,
- 'You could not sell an asset if you knew there was an issue with it without informing the buyer'
That's assuming it's about an issue, it may just not be economical for whatever reason (as an example) and when NCM and now Newmonth have done their sums they've decided that for the effort/cost it's not worth it, the question is why? Disclaimer - I'm 100% not saying I think that's what's going on, I'm saying I'd love to bloody know the rationale for both not seeing it as excitedly as we do.
- IMHO, NEM just want to recover as quickly as they can a $2Bn dollars bounty from wherever they can do so, plus Telfer let's face it is currently in a massive loss making position given current AISC rates until such time that high grade ore can be put through in sufficient quantities through the Telfer plant.
Yep, a quick way to recover and concentrate on other assets is definitely a big potential rationale. Can't argue with that.
- So for me, it's all about timing I reckon for now, ie how long is it going to take Telfer to make a positive contribution irrespective of who actually owns it? That depends on who and how quickly is going to feed it.
Is that not a concern for any potential buyer, this adds weight to it not being us in my opinion, not only would we need money up front to take everything but we'd be running at a loss whilst trying to go full steam ahead into mining to make it viable. Hardly something of nothing.
- GGP buy Havieron and crack on asap, NEM/NCM sell Telfer for a dollar, GGP take on all future liabilities for the decommissioning of Telfer against the sale value required for Havieron and hopefully Havieron will proudly support that cost in the long term. That's my best take/analysis on this current situation we all find ourselves in at the moment.
Fair enough, not arguing with you, just acutely aware that things are not black and white and being naturally pessimistic I like to know the negatives so I'm not surprised and that's what I focus on.
Aimingtoplease - I’m not qualified or knowledgable enough to answer that. That doesn’t discredit my concerns though. It could be as simple as newcrest had problems so couldn’t afford and newmont are strict on their categorisation, but it could also be some unknown that we don’t understand about the intricacies of mining for gold that newmont and newcrest know way better than us. Until it either works out for me or blows up in my face we just won’t know so it will be a nagging concern for me personally. Not deramping, too invested to deramp and don’t believe messages on here hold any sway at this stage, it’s just pure concern, fear and impatience around a substantial chunk of money I have riding on this share. Doesn’t help having a 17.97 average to be honest, hard to feel comfortable.
He’s not wrong though, my biggest concern is newcrest refusal to purchase the 5% and then newmont not seeing it as something that they need regardless of their portfolio criteria.
No but what must be rocket science is the fact that the company are setting up a vehicle to pay a special dividend, will be taking bonuses, will be paying Enyo and no doubt have other costs to fiddle away. Explain why it will rerate?
Rerate to 30p? Why? Clueless ramper
That could signal the get out clause for Slovenia. Be interesting what red tape starts to emerge over the next few weeks. Worrying.
Wonder if Mincor Resources investors were excited about Wyloo as well..
Wyloo Metals said on Monday the A$1.40-per-share offer price was declared as its "best and final". The offer stood at a 35% premium to Mincor stock's last close on March 20, a day prior to the deal announcement.
Could you imagine a 35% premium on GGP I'd be sick.
Anyone who thinks a business like Newmont will be giving away something cheap are foolish.
Or selling as a package.
Knowing how important it is to Hav, and potentially Rio in the future. It's got a value attached to it. Don't be naïve. I reckon Newmont have a very strong position personally.
Wonder what value will be placed on Tefler. I don't see Newmont being mugged off.
Tildo - Definitely agree about the MCAP. If the price starts steadily creeping up over the next few weeks then you know someone is looking to take us out. My instinct would suggest someone will try get Newmonts share on the cheap in a deal around Tefler and will want us to remain partners based on knowledge of the area, processes, feet on ground. But I don't know enough about the potential players that could do that. Would Shaun Day's old company be interested knowing the connection... I reckon if we can get people to take off GGP tinted specs there could be some great conversations about risks, scenarios even if negative. It's just difficult when everything is so rosy on here, moment you question anything you're a deramper. I'm far from it, I've got more money in here than I've ever had and could do with a return, hell I'd not cry at a 10% return at this rate after the amount I've put in over the last 4 years, 10% overall return would still be massive for me.
I love how no matter what type of news this forum gets it will always be positive.
I'd love to know more of Newmont's thoughts, is the asset not as good or as tangible as we're led to believe or is purely based on what suits them at the moment. I mean, the way Bamps talks about it then Newmont must be the worst business in the world and if I was a shareholder I'd be fuming that they've given up a no brainer... So what have they seen that we haven't?
Let's say it is purely based on their risk reward appetite. What are the risks? What are the risks that have meant Newmont are willing to sell something so lucrative. Surely we need to concentrate our thinking there instead of being blindly bullish all the time.
Let's assume it's nothing, just doesn't match their very rigid requirements which is fair enough. Then what, how does the future look, what's the risks in trying to ascertain full finance, what's the risk to us lowly shareholders of Wyloo taking us over and buying tefler/hav from Newmont as they're not going to be paying big if they don't have to.
There are a lot of smart people, (definitely smarter than me when it comes to explorers and miners on here) when it comes to talking about only positives, I'd love to see a really honest breakdown from those smart people about the risks that everyone sees but this forum.
No not quite, it goes up for sale.
Sod that
Speedy, I don't use 212 I use Freetrade. They aren't the same.
Experience doesn't mean right Jerry.
Horult, you're spot on.
I started with Halifax back in 2019 completely unknowledgeable about brokers. I just wanted to give it a go, everyone has to learn somewhere, my measly £50/£60 was eaten up in fees and was quite frankly a massive mistake. It then put me off because I was hardly going to start shifting large amounts of money over when I first start. I then found Freetrade and they were a god send in me gaining my experience. I invested in GGP originally for about £10 because I could thanks to Freetrade, they were around 2p if I remember correctly. This gave me confidence and I began to add more money. To this day I still use Freetrade and have over £40k invested which is huge for me, it's all relative to individual circumstances. Had I not found Freetrade I probably would have never got into it. Freetrade and the like have made it possible for people to take the risk and give themselves the real life experience.
Spade - I disagree, I’m here for exploration otherwise I’d have invested in GGP at 2p which I did and left at 30 plus which I didn’t. I invested because of the exploration and land capabilities. I think exploration as been under invested in and investment in exploration will result in positive finds. Havieron is the icing on the cake that will give that further exploration investment as well as a good return but to discount exploration and say you’re just here for Havieron seems short sighted to me
HungryBadger - generally it means that they're trying to massage the supply and demand.
CheltenhamFlyer - You're probably right but I switched to funds and major shares 2 years ago and had I put this money in there I'd be up over 20% across all 3 holdings which would be nice, hell the banks 5% would be nice right about now! Meh! Just frustrated with the constant hammering of the price. I've lost all patience but luckily at this stage I have no choice but to leave it. Having said that I did sell 10% when it dropped to 8.20 the other month thinking I'd get back in under 8 the same day but then it went into high 9's so at least I've recovered that today.