Member Info for WelshFalcon

Will be very interesting to see the 'beyond those included' data.

@Tinners

You've hit the nail on the head there. On it's own, Telfer is too big a risk.

To make it saleable there needs to be some upside.

The only (potential, we still don't have a DFS and decision to mine) upside is ore from HAV, or rather their 70% of HAV.

So, not an easy sell to a 3rd party.

However, if they do find a 3rd party buyer, we have right of last refusal on the 70% of HAV (maybe even the stipulation in the JV re processing at Telfer at cost + 10% being preserved!).

So any 3rd party buyer could negotiate right up until we walk away with the whole of HAV, leaving them with a processing plant and problematic ore production at Telfer!

This is why we get the cheshire cat smiles and very excited execs!

We just need to work out the final price, what is included (legacy JV's + shareholdings in the area), and sort out how to pay for it - Simples!

Ditching Telfer will leave them with a lot of JV's (and some shareholdings) with various projects/companies in the area which will need unravelling.

Subject to funding (obviously) there will be some interesting opportunities for GGP to pick up.

There must be some tenements that Calum would have liked to get hold of and which may now come on the market (via JV's or distressed sales).

Interesting times.

5RINGS, keep your flesh to yourself, please.

It's a webinar - no in the flesh meeting at all!

please stop displaying your ignorance - each time you try to push this insane idea, you make my flesh crawl.

Have a look at today's RNS.

You can ask your questions directly to the company in their Q&A as announced.

This type of FUD isn't going to work this weekend!

Late afternoon RNS, following a video released on 'X'.....

Interesting.

Anything else about to pop up? Who knows.....

!0 mins left, do you want to be short on stock?

Tick follows tock follows tick.........

Perhaps he thinks that he can simply look at a lab, maybe even peer down a microscope , and will then somehow absorb some sort of epiphany moment and will be able to 'see' if it works or not?

The concept of proving a drug through properly designed and regulated trials (that happen in the hospitals/clinics where the actual patient is) doesn't play any part in this brainless thinking.

Examining the lab will inform you of nothing. You can look at the drug in a microscope, but that won't tell you if it works or not....

Such inept thinking......really?

I've read some really stupid things on this board, but this.........

Oh dear - this is the most idiotic idea ever.... Investing isn't for, sweety, is it?

Perhaps it didn't have any foundation?

Touk.... bigger is not always better!

A glass of red wine with your evening meal each day can be beneficial. 5 glasses - borderline alcoholic - will have detrimental effects and shorten your life!

Targeting a toxic drug to only the site where it can be most beneficial, little and often may well be better - you just need to find out in trial. To dismiss it out of hand is so lame!

More potent warheads...... A very interesting comment.

Don't forget this phrase will encompass not only those 'warheads' currently approved and in use (with high toxicity and consequent restrictive dosing) but a whole host of 'warheads' where BP has invested large sums and which have failed due to toxicity issues.

The latter can be revived and their trials restarted. An opportunity for BP to recoup/capitalise on currently lost investments.

That part of the Holy Grail would be of great interest to a BP predator who wants this!

Drop is unlikely as the REX share are only issued to existing holders. They can easily sell their existing holdings with the knowledge that their sales will be replaced with 50p shares once listed. So, if they were mindful to take some 'profit' they can do so without pressure to beat any drop caused by speculators selling (as there are no speculators getting any REX allocation).

You never know, though, but it may well go the other way - up!

Last chance now, then. Nothing left to keep the price down near the 50p level.

I'm expecting a nice steady rise now the funding issue is behind us.

Have no idea why the last post stripped out all my capital letters!

so, after the initial shock and a good sleep, i had a plan.

i had a good size holding (in the low 20k region). i bought more the next morning at 52p.

this did 2 things, it reduced my average by 30% and increased my holding to around the 50k mark.

nothing has changed as regards the science (communications are a bit awry atm.) there has to be a good reason to go for a placing rather than looking for other sources of cash (licensing, loans etc.), you don't make such a drastic move without good reason.

there is (or should be) some good news flow (aacr etc.) coming up so i expect a recovery.

playing around with some numbers, once the share price recovers to my new average (a very reasonable target). i can sell enough to recover my additional post 50p top up leaving me with 20% more shares than i had (slightly over compensating for the 17% ish dilution) whilst keeping the new average at the new increased holding.

so, with a fair wind i will be in a better position than i was before.

took the shock, didn't ***** and moan, but made a plan and acted. happy falcon.

The Telfer / HAV dynamic is why we are where we are. The two have to go together, there is no workable option in separating them (or picking out bits of Telfer).

Ask yourself why NCM Jumped in with a very good JV as soon a HAV showed some real promise. Again ask yourself why NCM threw out the playbook on gold discovery and mine development? Why did they invest vast sums in building a decline with all the associated infrastructure before a full MRE (let alone a full FS - which we still don't have)? WHy did they drill like it was going out of fashion?

The answer is/was the cliff edge looming for Telfer running out of ore and the eye watering remedial costs that they would have incurred.

So any talk of outcomes where Telfer is sold off separate to HAV are doomed to failure. It just isn't going to happen. That is unless another discovery is made nearby, of course! But it would have to be big enough to feed Telfer an economic volume of ore at a good grade and will be able to be on stream and producing ore within two years.....

Simples.

No, wait.....!

You're going to move the power plant and gas pipe as well?

Can't you just run an extension cord along the new road, wouldn't that be easier?

Besides, if you do move the power plant, you'll still need the extension cord running back to Telfer for the airport, village and the mine workings you left behind.

????

Planet earth calling.

Move the processing plant..... you jest surely?

Telfer and Havieron are inextricably joined at the hip.

1) Telfer alone has a massive liability to close down if it remains uneconomical (with it's very high AISC at present). It will have a minimum or even negative value. Importantly it will come with the Haverion JV conditions to process the ore at cost plus (i think it is 10%), so there is not upside potential (unless more ore elsewhere is found). There is a likely minimal income from HAV over some 30 years due to the JV requirements.... Highly unlikely that there will e any 'buyers' for Telfer alone - they ill need HAV to make it work.

2) Havieron alone is a difficult one. Without a processing facility, an new one will have to be built.But at what cost?

To pick up HAV alone you would need to factor in the remaining development costs as well as the provision of processing. i.e. you need Telfer - period.

So.. watch this space. The JV requirements over processing links HAV and Telfer tightly together. This is the ace up GGP's sleeve - the lever that may well get us the whole shooting match at a very nice price indeed.

Not just Juri @mH01

I would expect all the former(NCM) JV's to end. Some very interesting ground/companies likely need shopping for partners/capital.

If they are out of Telfer, they won't keep any JV's in the area either.