Member Info for zoros

There you go again IP - too close to the truth again! Carry on like this and I might have to take you seriously!

Jerry - the next move the chinese make regarding the bid, will be a nailbiter for all of us. Even if the next move is: no move at all and we are all left 'hanging' for months!

This has got to be the most calculated decision - ever, by the chinese.

Is it a chinese takeaway for the 26th?

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Hi Dip, it's definitely John Cornford (aka Lurker5 on ADVN). He must be atleast 85 now and obviously spends his time slagging various stocks off. In particular he's been at it with Solg and GGP for years, bless him. Don't fully understand why a man with his long standing background in financial analysis has become so twitter and bisted!

Stay safe.

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Erin - wrong BB, you need: Jackanory BB.

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Afternoon TimberTrader - the DFS explicitly states:

"55km new sealed haul road" between Hav and Telfer, accommodation: "camp accommodation for up to 300 people".

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Scotsman - pretty much everything you have mentioned is in the DFS under risks.

In general, investors in gold mines need to wise up.

Markets treat explorers/ discoverers differently to producers. Why is that, you need to ask?

It’s because the value of gold in the ground is a fraction of of the real McCoy. It is therefore reflected as such in the SP, predominant because of the risks I. Extracting it.

We have to “show them the money” for the SP to accelerate. We are where we are today simply because of Telfer and a fraction of that is afforded to Havieron.

Look up value of gold in the ground is on AI or whatever to support your due diligence.

This enables one to stop searching for reasons to moan about the SP.

Everything in due course. The ducks really are lining up!

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Evening Paul - time to move on methinks. I mean that sincerely. I assume you've been here since 2020 yet you appear to blame the markets / manipulation / management change since heddle left?? for all that is wrong with this company?

IF......if you know anything about explorers/discoverers/miners, you will understand that a company that starts from scratch and ends in production takes on average 12 to 15 years (check it out) and yet GGP has taken 7 years - yes SEVEN years to get to production (Telfer) and a maximum of 10 years with Hav.....from scratch and £4m in the bank. 2 mines and one of them is an ATM (Telfer)!!!

So one can't blame GGP.

So if GGP is being manipulated/corrupted on AiM/ASX, then I guess every other miner is too, no? Or are GGP "special"?

Everything is as it should be, we are where we are and everything is going according to plan.

Buy a bike, go skiing, buy a round. Chill and relax.

Or move on and buy Shell / Bp / M and S - and sleep at night.

Best wishes

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BOJO - read my post @ 1135 this am.

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For those of us who don’t have time to sift through 112 pages of the DFS and for those who can’t keep up, let’s K.I.S.S:

The DFS only covers the SE crescent (remember that!) and for those who have been with us since 2018, there is so much more to ‘uncover’ @ Hav as you are aware.

It seems we currently have approx. 4.1MozAu and 153ktCu (up from the last MRE in 2022 - 2.4MozAu and 109ktCu) as the production target for the FS. This is a 55% increase in tonnage and a 36% increase in metals.

GGP awaits its various Environmental Approvals which it is hoped will arrive in the next 6 months (FY26). Without delay thereafter, the BoD will then make the Final Investment Decision (FID) which is a green light to proceed with the mine. This brings us to the start of 2029 for First Gold if the EA’s arrive in June 2026. This is 6 months later than previously advertised.

Investors will jump aboard now – now that the DFS is out and others will await the FID.

Steady state gold output will be approx. 266koz/year and it will cost USD $1050/oz to extract it (AISC) resulting in a pre-tax profit of USD $480m/yr (based on USD $2900/ozAu) and a pre-tax profit of USD $790m/yr (based on a spot price of USD £4100/ozAu for all years).

The project will cost USD £725m which is on a par with what we all expected it to cost. USD £90m has already been spent on early works. This will be paid for partly with GGP money and partly through a secure drawdown facility to ensure enough cash reserves are available for Telfer and future works. Havierons payback period is 4.2 years from first gold. This reduces to 3.2 years at the spot gold price of USD £4100/ozAU. This provides prospective investors with an IRR of 22.5% and 31.5% respectively.

The decline will recommence at FID together with the conveyor decline, underground crusher, roads accommodation etc etc.

The mine (SLOS) has a current LOM of 17 years but because the DFS has only covered a quarter to a third of what’s at Hav – expect this to increase markedly over the years, together with the gold and copper output obviously..

https://app.sharelinktechnologies.com/announcement-preview/asx/9fe24db59c226fd0f47738c93408daa3

Tells you absolutely everything you want to know about what is going to happen @ Hav. Grab a coffee and fill your boots – but no silly questions afterwards!

Remember – this is about Hav as a ‘stand-alone’ project, all checks and measures, outputs and costings can and will be dramatically improved when Telfer is assimilated into the equation.

We have a beast in waiting……..

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First of the month....................

IRR of 22.5% (@A$4500) and 31.5% (spot) !!!! That's what the market wanted to see.

DFS only time to cover: 50.3Mt but another 87Mt and 3.1MozAu outside the FS mining plan.

The updated Ore Reserve estimate is 55% larger by tonnage and 36% larger by contained gold than the March 2022 Ore Reserve estimate.

All calculations are based on A$2,500/oz gold and A$10,141/t copper !!!!

FCF delayed by 6 months to a year (due to EA's).

FCF post-tax (Average per annum), A$550m (4500), A$870m(spot)!!!

Markets going to love this.

https://ggpchat.co.uk/viewtopic.php?p=3163#p3163

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Investorpanda - I don't know anything about you (neither do I care) except your occasional vitreolic attacks peppering this forum.

But I will add - either you're closer to the hub than you advertise, or your due dilligence is exceptional.

If anyone wants to know the mechanics of what just happened here regarding the failed bid - peeps need to read all 20 pages of your posting history on your profile. It's a fascinating insight bordering on insider knowledge.

Nonetheless - I salute you for drip feeding this forum accurate info - long may it last.

[Shame about your personality].

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So obviouly Trump will be informed of this. Under his NEDC "critical minerals" act - he might intervene?

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Elora - FFS find a room with you and slug eh?

Bozi - it's been so long since I even bothered looking at this forum because of the distaste it left me with. I have also forgotten whether I like you or not!!

Either way, your posts today have for me been a breath of fresh air and wrapped the whole current scenario up into an easy to read and understandable timeline. Thank you for your clarity.

Moving on,,,,,,,

The chinese are not stupid, they know mining back to front and as has been stated recently, they are just another company manipulated by the PRC anyway.

They made a calculated move @ 26p for reasons unknown. They have until end of December to reapply. What if they don't?

What if the company simply goes back into a period of stasis again? The chinese will have simply 'tested the water' - no?

We will then peak at mid 30's and then slide back into the miasma of the last 2 years,,,,,,,again.

But maybe this is the chinese stirring the giants - to test for a response. No response......Jiagnxi simply comes back with their plan b: 35p or so - next year knowing no-one else is interested? Solg realises it is them or no-one and recommends the sale?

Or - as almost everyone here hopes and prays for - stir up a hornets nest of activity and weed out the serious buyer(s), let them bid and then "trump" them!

They have one shot left....................

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Said earlier they are trying to buy Solg for £780m (@26p). I forgot that they already own 12.2%, So that £780 should read: £625m!

NM will be front and centre of internal discussions on this. Long long time waiting for this (owner of 10% of stock, both directly and via DGR). 300m shares!

He wants his money. We want our payday - let's hope this is a quick "coup de grace".

And we can all move on - never ever having to read the incessant vitriol delivered on this forum again (which was once rewarding and informative).

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49p from me, Jerry.

[GGP looking good too - lots happening!].

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"wife changing" - love it :)

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padmaster - schlem sold out a long time ago at a poor price (for him) and never forgave himself. i don't think he ever jumped back in??

so- on the back of a *** packet:

3.2m tonnes of cu and 9.4m ounces of au @ alpala.

140k tonnes of cu @ tandayama and 450k ounces au.

extraction rate of 84% for au and 80% for cu.

aisc of (worse case) $2000/ounce for au and $3/lb for cu.

i make total revenue from au: $18bn and cu: $12bn. total: $30bn. 23bn pounds gbp.

and they have offered 26p x 3bn shares: £780 million????

wtf?

z

I know several on here are in Solg - A bid for the entire company has just arrived!

Apols for the interruption.

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Good on you quady.

i followed similar lines but leaned more towards tech stock.

now after many years of 'dabbling' - consolidate in gold.

Good to see you've weathered several storms here, which is a shame because it should never have lasted this long for solg to get started but the odd 'dud' along the way (or should i say slow burner);

keep flying the flag and putting PS and IP back in their cess pits because decency and respect will always prevail.

(and to even think they might have children to bring up???

stay strong and best wishes in your endeavours.

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Ooops, sorry:

https://ggpchat.co.uk/viewtopic.php?t=564

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Https://ggpchat.co.uk/index.php?sid=2e48924db0a2d56ecd38367537692b18

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