Member Info for WelshFalcon

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Ignore him/her. He's either just stirring up things for his own agenda or he is a complete idiot.

Either way - ignore.

It's difficult to predict, but for the next 5 years I see excessive growth. There is a supply and demand element, the demand comes from, basically, Gov action. Increases in infrastructure to grow economies as well as changing focus to more electric and renewable power particularly (electric cars particularly). The copper demand alone will outstrip the available supply. Demand will increase for all minerals. Consequently my portfolio is heavily weighted to mining.

As the supply is increased, the 5 - 10 year period, (and we will be part of that supply increase as will WINU etc) then the focus will start to move to the manufacturing side, but still good growth in minerals. I will adjust as and when.

All my own musings, obviously!

The chart is interesting, I did look at it, but I don't read much from it.

Much as I respect your posts @Bamps, I look at that chart under the interesting statistics only lens! Much has happened over the 120 year period, various wars will have changed demand dramatically. Pandemics also (flu as well as our current one). Market crashes have had an effect on pricing too along with changing consumer demand (growth in car ownership) and associated manufacturing efficiency developments.

Presently I'm focused more on the price growth driven by the Covid fall out from massive 'money printing' and the likely investments in infrastructure (US have started the process) causing explosive demand in copper and battery associated minerals.

@Bamps, maybe a few of us should get together and set up (using our GGP profits) a tailings processing company to work this resource? If NCM don't do it, somebody will one day!

In the same way, someone will 'mine' old municipal dumps for the massive amounts of copper/steel/tin/gold contained from out prior recycling past - massive resource!

I don't understand where all this 'them and us' paranoia comes from. No! NCM aren't spending A$246 ($182) just so they can charge us more for processing. That is a ridiculous assertion.

The whole Telfer machine is big. I mean really big, just google it and have a look on google maps. Any engineer worth his salt will tell you that shutting the plant down and having to recommission it will come with a multi million price tag. Loss of essential staff and talent and will still leave an ongoing infrastructure cost in keeping things ready for HAV ore.

NCM have obviously done their sums and have identified some onsite (low grade) ore available to keep everything ticking over, keep all the essential staff on contract, keep the maintenance schedule running and still produce enough gold to turn a profit. This has the benefit of keeping the machine up and ready as soon as the first HAV ore truck gets past the gates and also gives them some low grade ore to mix in with HAV higher grade thereby making the whole system more efficient.

Shutting down Telfer and waiting to start up again when HAV produces is a very expensive no no. It is not a ploy to screw anyone else out of extra cash. It is, in fact, a cheaper and more effective use of cash tending to keep costs contained.

Rant over!

I'm sure they haven't infringed any rules. It's the coordinated nature of this that peaks my interest (in a very positive way).
In my city past, we never coordinated option buys - I always did mine myself uncoordinated with others on the same expiry date. So you would find a number of transactions at slightly different prices by different directors each issuing their own instructions to their own broker.

One coordinated sale is interesting indeed. Retaining the balance by all the directors is hugely encouraging too.

Very interesting indeed.

Seems like a coordinated effort with three directors on the RNS. Could there have been some other (non directors) senior employees that don't have to report?

Timing of the RNS seems unusual to me. I would have expected this to be issued after hours or for tomorrow morning. During the last hour of trading is odd.

One wonders if there is something else in the works soon? yes they have to sort out their options before the deadline, but all as part of the same sale (for costs/tax etc.) at the same price in a coordinated way. Almost as if someone has said - we need to sort these options now before....... ?

If there's an RNS tomorrow morning re phase 3 or ACTIV or ??? it wouldn't surprise me.

Of course I could well be overthinking things!

Spot on @spy. Some children on here have no idea how a HNWI has to manage his/her assets.

Just me and next doors cat...... (she is a good listener and can keep a secret )!

In a criminal investigation, they do say 'follow the money'!

So when a large and experienced miner puts this sort of investment into an area, then there has to be a very interesting payoff expected.

I so want to see that PFS. I will hide out at the bottom of the garden with a whole bottle of Chablis to read through and digest.....

Not only does money talk, but sometimes it shouts at you.

So NCM are putting $246 into this Telfer extension for low grade ore expansion. That's a lot of cash allocated.

Remind me, how much have they spent on HAV? How much is the total development costs of HAV to production and how does this compare to this Telfer extension.

Oh my! Nurse........?

Sorry for various typo's - I'm sure you can work it out.

Brain thinking faster than fingers can type.....

The reference to 'Newcrest's other exploration projects in the region' peaked my interest. This is later referred to 'other new potential feed sources in the future'.

So, Telfer is holding on until Havieron ore gets going. But my big read is that SB is positioning the Telfer infrastructure as the processing plant for a district scale system. It has the capacity to process all that Hav can throw at it and substantially more.

We have in place the Juri JV ans NC are excited about other targets in the Hav JV. So we (GGP) are positioned to take best advantage of this facility. We may well have SWAG as out 100% owned - BUT here we will be in competition for capacity with other projects in the area. The new road access plans are more interesting in this context.

This is an interesting playing filed foe our new CEO. The aim has to be to capture the lion's share of processing capacity for our ore. We are in a unique position to capitalise as well. As soon as Hav starts producing ore, we will have free cashflow along with a balance sheet containing tangible and valuable assets with obvious benefits to our borrowing capacity. With gold (as many forescast) to increase in value along with high copper demand, we will find may institutions willing to lend into the gold and copper space.

Properly managed, we could well be set for massive growth over the next 5 - 10 years.

.....if Calsberg did gold opportunities on AIM...........

yup, a troll.

I think an ongoing tolling cost is much more preferable to having a massive fund raise (or interest charges) to design, build and commission a new processing plant.

Plus, we wouldn't be able to have the Telfer processing capacity on hand, nor would it be ready as soon as we reach the ore. How long would it take to put this kind of infrastructure in place? Acquiring the land, permissions, Martu negotiations, design, build ........

No - Telfer within our JV is one hell of an asset and moves HAV into production in record time.

Should we call him 'Group Captain Otto'?

Logic is not strong with this one.....

They're not the sort of large Pharma with worldwide manufacturing and distribution contacts are they?

Would be a no vote from me at any price! We need this product properly managed.

Now that's very interesting and informative IMO....