Member Info for Unimaginative

I’m not paying five quid per trade, my regular top ups are small so 500 quid over 5 shares/etfs so that’s 5% a trade and 25 quid so not worth it. That would only be worth it for the irregular big top ups I do. It’s why I use freetrade, that and loyalty I guess. I thought 212 would be viable for an alternative but it’s still sat pending. Price has changed several times in that time. Put me off now.

All my shares are locked in freetrade but I was thinking of moving away as I’m sick of paying the 11.99 fee for the isa. Anyways I’ve just tried to buy a small amount of shares on 212 to test it out for GGP and the order has been pending for about five minutes now. Is that normal? Freetrade is instant!

Newm aren’t changing their mind. They have their criteria and going against that is a huge swing from strategy that would be a big thing.

Spade - Interesting shout on the buyback, I'd missed that, they did the same in 2020 and 2021, the share price did well both times. It's seen as a positive position. I'm going to explore buying. I'm into dividend shares at the moment although less than 3% other than my S&P fund isn't usually my bag the buyback scheme is a good pull.

Aquanonce show proof of your first entry five years ago as I call bull.

get a grip spy, **** ton of money flying about in society. people just have shocking priorities.

Chisler , I found his comment about less great gold finds being viable with tefler

Probably the most assured I’ve seen him

Because share price doesn’t have to be reflective of the asset tatty, surely as an investor of any company you’d have learnt that nice and early in your investing journey.

Yeah mate, we're all going to be rich beyond belief. It will run perfectly smooth because Timbertit said so.

Naïve.

"Hi UIM, nothing wrong in thinking around all risks and concerns as this is kind of crunch time now for GGP and for us as shareholders, there are instances where majors sell off assets of all types that are picked up by small companies and run more efficiently with less overheads and a singular focus in every industry. You need a damn fine team to do that, funding capability and as always some luck on your side IMO and we seem to have the 2 ingredients in principle that you can have some measure of control on."

-- Afternoon Dips - Agree with that but then there is a flipside, a large major can absorb stuff we can't and that can't be discounted, I work in a place where we take contracts from smaller companies all the time, we do that because we can absorb things, use our national structure to take away local costs into our more efficient central team and we can afford to deliver the same project at less than a local company could so when the local authority reduce the money on the contract we are in prime position to sweep in, that's my experience, not the other way around. Not discounting what you say though.

"The 2 assets look primed for a quick transaction though given comments from the NEM earnings calls and progress evidenced already with one deal being confirmed. Unsubstantiated rumours of two other bidders via a press article are as of yet unconfirmed and in all truth as you know, we haven’t yet heard officially from Greatland on what their plans are but they seem pretty obvious to many of us."

-- I definitely agree on it been a quick transfer as the losses aren't something that Newmont will want to sit on if there isn't a future. I personally don't see the plans as obvious, I think many are in for a shock because they see it as black and white, hope I'm wrong though and it's me in for a shock but even if I am and we are then that comes with it's own associated risks as a shareholder, huge risks to the value to ME, I think what many don't do on here is differentiate themselves as a shareholder to the company, the company can plod on, survive and do well without it always translating it to shareholder value, I've seen it many times. Not saying that's what's going to happen as I openly admit I've not a clue but I'm just acutely aware that it's not as black and white as people make out.

"I have the thought that if other parties are bidding and GGP are aware it makes sense to see what is being offered to match the highest offer Newmont negotiate, while establishing the ceiling of what you might be able to match any offers at. Otherwise, I assume the team will be working on preparing and/or negotiating the deal they’ve been planning in this eventuality since Newmont bid for Newcrest depending on how advanced talks are."

-- Time will tell.

Jerry, there isn’t only one buyer at all. That’s GGP tinted specs. High cost for a major, surely that makes it astronomical for a minnow, even if cost saving was done where possible. Just thinking everything is simple and will be rosy doesn’t mean that it’s practical. You’re not manifesting the situation.

Why discount dividends, kinda important.

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.