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I've "dropped the ball" regarding Solg these days. Fecking company has done the same too, it seems.
Would appreciate therefore - peeps views on the way fwd, vis a vie:
1. No drilling? No exploration?
2. No further physical progress regarding Cascabel?
3. 800+ hungry mouths to feed?
4. No money coming in?
5. Lasso could be ejected from office before he leaves anyway in 2024?
6. Is the SR just a paper exercise?
Can't think of any positives - sorry (other than amalgamating CGP and Solg).
What exactly is Solg doing - day in, day out - anyone?
Z
It may have been answered before, so I apologise in advance fit asking the same question, but why is it that every single advert for future employment at Havieron - indicate that the employment is only until June 2024??
Z
96dc2- sorry no one picked up on your request. Try this if it helps:
https://www.ggpchat.co.uk/viewtopic.php?t=564
The NCM/NEM combo is ongoing behind the scenes. NCM have divulged more data to try to seduce NEM.
The markets believe it will be a fine deal somewhere between April and June.
Until then it could be quiet (ish).
However on the GGP front, I am expecting formal news about drilling @ scally/ juri. By end of April perhaps.
I also believe SD don’t leave It too long between broadcasts. So look out for those.
As I’ve said recently, H2/23 is going to be manic!
Sit back enjoy the approaching warm spring weather and long evenings, stock up your wine cellar and enjoy the moment.
Best.
Z
Post of the decade DG.
Fecking company is a massive liability and embarrassment.
Wonder if the Ecuadorean government know what’s going on behind closed doors.
Of WI is p*ssed off then there really is trouble at mill.
Z
Hi Dip - it's a shame Bamps has left LSE over continuing harrassment from some of the amoeba that posts on here.
I hope he links his "stuff" which he will be posting on GGPChat - on here and we can continue to read his posts with interest.
https://www.ggpchat.co.uk/viewtopic.php?t=689
Z
Red - you broached this subject a short while ago.
Numerous posters pointed you in the right direction. A poster on GGPChat has even polled the decline for us all.
SD has told you when first ore is due. Brokers have confirmed findings too.
Why have you wilfully chosen to ignore all attempts to help you in this regard?
Z
Afternoon SaS.
It's all *** packet maths anyway! Too many assumptions.
But I will break it down further, as to where my maths comes from.
Page 7 (small print) of the October 2021 Growth Update Presentation indicates a recovery rate for the gold of 88%.
So I used dilution: 12%
Assumimg 450k/yr resource. From this take the 12% off: approx 400koz/yr
Add 10% to the AISC for the luxury of tolling our gold through Telfer ( 133koz for GGP), gives us a cost of approx £8m/yr.
133koz x £900 (PoG profit) gives us £119m. Minus the tolling costs: £110m/yr.
Z
PS: Question for anyone: Why has Sprott reduced its SP from 18p to 15p after additional good news. They haven't raised the shares on offer (Still 6Bn).???
Sprott have let themselves down with this issue - I used to like their methodology in the past.....what are they rambling on about this time round?
Z
Thanks Bamps.
So if we stick with 3mt/yr through the SLOS, we're looking at 450kozAu/yr.
At £900/oz profit (@ current gold prices), that brings in £135m/yr for GGP's share of Hav.
Looking at Telfer charges (@ 10%) and dilution due to extraction (@ 12%): Approx £105m/yr.
Z
Bamps, hope you are well. Two questions for you too, if I may:
Assuming the SLOS is targetting mainly the SE crescent and of that portion you mentioned possibly 10 - 13Moz:
1. Is that AuEq?
2. How do they expect to get that much ore out of this primary SLOS (will they extend the mine life or will they turn the decline into a dual carriageway or will they use lifts?
[Bearing in mind the slos is only good for 3mt/annum].
Z
I see Newcrest(NCM) have tickled Newmont's(NEM) fancy...again. I'm assuming it's because NCM have taken them behind the scenes and shown them what's under cover.
IF.....this includes a major rerate @ Hav, in the shape of an upgraded MRE(2) then wouldn't that be nice for us too? Obviously the MRE isn't ready for publication yet (otherwise NCM would have to produce it now, iaw market regs), so we 'should' expect to see it after final negotiations have been concluded between the two majors around about end of April ish. Possible SP catalyst.
If/when NEM takes control then (in particular @ Hav/Telfer), I am hoping it will be business as usual regarding the DTM and timeline? Maybe NEM might want a pause prior to publication so that they can put their moniker on the document (crossing the t's and dotting the i's). I'm building this delay into my plans. DTM - SP catalyst.
IMO I am also adding more weight to NEM offering Hav for sale. Ergo - Telfer would need to be included in that sale price because without Hav, Telfer is just a relic (in particular if GGP make noises about building their own processing plant @ Hav). I expect Telfer to go for a song consequently. Maybe £1.5bn for Hav and Telfer becomes the BOGOF!!
Funding this is all about timing for me. Do it before the listing on the ASX and/or before consolidation -and it could be messy.
I would like to see: (a) consolidation, (b) listing, (c) debt funding, in that order. SP catalyst.
That way (as Jerry explained a while back) "dilution of our SP" would be catered for (and more) by asset accretion.
I really see SD wanting the whole of the Apple Pie.........
Oh by the way, Callum still retains his 113,000,000 shares. Now why on earth would the man who discovered Hav, built the model, seen the results (and future), want to leave those piddling few shares in GGP? Hmmmmm?
It's going to go quiet until NCM/NEM sort themselves out. Looking at April/May I guess.
The last 6 months of this year are going to go APE!
Enjoy the ride and think how much tax you'll all save inside those SIPP's ;)
Z
Do you remember all those calculations many of us were doing regarding exceeding the LTA because we were all going to be rich from GGP!!
What a blessing now that our riches have been postponed for a wee while longer - saving us even more money now that those additional tax bands have been abolished.
Common sense wins again. Thanks Mr Hunt.
Z
Small decrease in weighting.
Previous rebalance weighting 0.57% new weighting 0.56%.
Yesterday close of business weighting 0.58% new weighting 0.56%
Potential small sell off at implementation next Friday.
[from Nitram64].
Z
Naylor442 - I find it discombobulating that people like you have this view (globally) that a CEO or MD of a company - any company, can 'control' the SP?
If that were true - every company in the world would have show stopping SP's simply because the BoD say/move/ change something which the MM's approve of???
Companies don't run the stock exchange - news(good/bad), sentiment and 'players' (shorters/MM's) run it.
How do you genuinely expect (in this case) - SD to 'change' the SP for the better? Should he "invent" great new discoveries? Perhaps he should borrow more money? Drill more?.
Better still - should he hire a stellar BoD's? Ensure he has enough money to go to production? JV with a major? Discover a possible Tier1 ore body? No.......if he did these then the SP would go through the roof....surely?
Please, stop - think - post, before you come out with completely embarrassing statements like that which only goes to show how ignorant you are of investing in general, never mind GGP. Please do some homework eh?
I don't normally get frustrated like this - but my 11 year old would understand how this works.
Z
If I didn't know any better, this 5 minute transmission could just as easily be all about Solg and not Lumina gold!!
It certainly answers a number of questions about why we are - where we are currently.
https://www.youtube.com/watch?v=qN7a3crJGo8&t=202s
Z