Greatland Gold Share Discussion Threads

[arthur75] 26/7/2024 17:24

Another torturous week for the rampers and a red finish even after all that ridiculous ramping !
6s looking very likely next week in my opinion then who knows how far it could go down 5s ,4s, 3s ? Have a good weekend all! LOL.

[havinthelasttoast] 26/7/2024 12:53

I’m smelling 6p. Come on baby

[havinthelasttoast] 26/7/2024 12:08

No not closed.

Short and strong from 20p.

Easy money

[deputy303] 26/7/2024 11:53

Hello toasty have you not closed your short yet the tidal wave is coming

[havinthelasttoast] 26/7/2024 11:42

Anyone else hear Megan thinking out loud. Could hear that tard from Portugal.

[timberwolf] 26/7/2024 07:42

Latest on the Telfer tailings dams issues from the Newmont Corporation Q2 2024 Earnings Call Transcript (Seeking Alpha):

Thomas Palmer

Yes. Thanks, Lawson. The approach we took with Telfer - and certainly talked to this a number of times over the last few months - is ultimately being radically transparent around those tailings issues. So we - since we saw the first of the sinkholes developed on Christmas Eve, have been very transparent with the regulators, with our workforce and with any potential buyers around, what the issue is and what the work is to remediate those issues.

So that the issues are well understood and the remediation is well understood, and we have been completely transparent around what that looks like, and the pathway to remediate. So there is a clear pathway to remediate, and I might just get an attachment to give a little bit more detail, as to what that looks like and maybe a bit of the timing, around that, because that then serves to understand with that transparency, what any potential buyers looking at.

In terms of the ability to acquire Telfer and to be able to run the operation for some time to come. I should add before I pass to Natascha, we continue to operate the mine. So we're building stockpiles in front of the mill. So as soon as the tailings facilities are through the remediation work, the plant can start up and we can continue to process ore and produce gold again. Thanks Natascha?

Natascha Viljoen

Thanks, Tom. Good morning, Daniel. Firstly, I just want to reiterate the point that we've been transparent with all parties involved throughout the process. Secondly, I want to reiterate that both the TSS 7 and 8 dams are stable. We're progressing the TSS 7 rehabilitation as planned, and it is all around how do we fall in the sinkhole, placing membranes and preventing in that way any further erosion in those areas.

So whilst we're working on the stability on remediating the sinkholes in TSS 7, TSS 8, we've completed the rehabilitation. And we have authorization to continue with a lift on TSS 8 that we are required to do before we can do any more depositioning on that dam. It is on schedule, and we are planning to start up Telfer in the fourth quarter when we - when the rehabilitation and the lift would have been done.

[negan] 26/7/2024 05:40

I can't believe for the love of money why ActusRay have still not closed their short or are they quietly doing so?

[negan] 26/7/2024 05:35

Huge reduction in outgoing costs. We are a junior exploration company. If we purchase the remaining 70% of Havieron and take on Telfer we instantly become a gold and copper producing miner in one if not the safest mining jurisdictions in the world.

If we can get a deal done before the tailings dam is repaired then all of that stockpiled ore is ours and we start generating income instantly. No bank is going to refuse us funding. On the contrary. Shaun and our new CEO will have them queuing at the door

[negan] 26/7/2024 05:29

If Greetland Gold takeover Telfer there will be a massive cull.

[negan] 26/7/2024 05:27

Are we having fun yet?

[negan] 26/7/2024 05:26

Just thinking aloud. If say we do a deal with Newmont and we take 100% ownership of Telfer and Havieron. What are the best outcomes and scenarios for both Newmont and Greatland Gold?

Greatland Gold agree to take on Telfers decommissioning costs on the basis that all stockpiled ore and future ore belongs to Greetland Gold. All current employees contracts and redundies are paid by Newmont which they will be anyway

[negan] 26/7/2024 04:34

So who's in the driving seat. Big major Newmont with 70% ownership of Havieron and little old junior explorer Greetland Gold. Then obviously Newmont.

Newcrest bought in to Greetland Gold in the forward planning that Havieron would keep feeding Telfer to keep being productive.

Obviously Newcrest were operating on a much smaller scale than Newmont hence Newmont divesting Havieron and Telfer.

Telfer is hemorrhaging millions and millions of dollars whilst the tailings dam is being fixed. Make no mistake about it. The tailings dam will be fixed. All at the cost of Newmont.

Yes, they are stockpiling ore in the meantime. As soon as the tailings dam has been repaired the processing mill will be running 24/7 365 which they have said should be Q4 2024. The Billion dollar question is who will be processing it when it's fixed, Newmont, Greetland Gold, another small major. Greetland Gold with another major. Newmont deciding to keep it on with the existing partnership with Greatland Gold. Newmont making an eye-watering offer for our 30%

As Callum said, it's a win, win

[negan] 26/7/2024 04:09

Tom Palmer wants Telfer and the remaining 70% of Telfer sold off as a package. Of course he does. Telfer is coming to end of life mine. How can he sell Telfer with all future liabilities and abandonment costs at a profit. He can't if you ask me. Who in their right mind will make a bid for a dying money pit?

However, if Newmont throw in a little sweetener of 70% of a 8.4 million ounce equivalent potential gold and copper mine 45km down the red dirt road as the crow flies there may be some interest from outside bidders.

Leaving this one open for debate?

[hydrogen1] 25/7/2024 23:56

Jesu Christ. That's absolute garbage Toast:

FACT - Telfers grade from Telfer underground is circa 2g/t equiv. That's composed of 1.5g AU plus around 0.4%`Cu - So I am not sure wtf you are on about burnt Toast.



You seem to be increasingly confused for a Privet fund manger . Are you sure you really manage privet? or are you just deliberately uninformed?

FYI Telfers plant plant can only processes down to 0.3g/t AU and sub 0.2g AU us pretty much dust unless there is really good copper

[telbap] 25/7/2024 22:14

I thought play school had been cancelled? According to my sources.....lol, you crack me up fake toast.????????????????

[havinthelasttoast] 25/7/2024 17:13

Grade at tefler prior to stop was 0.02g/t

[havinthelasttoast] 25/7/2024 17:12

If this dog goes into the 6,s tomorrow I’ll get another 2m.

Good news about to be announced according to my sources. How it affects the share price is anyone’s guess.

[hazl] 25/7/2024 08:59

Can't open my twitter at present.
Anybody give a brief synopsis?

[hydrogen1] 25/7/2024 07:42

Toast - That AISC number is totally irrelevant for now (presumably you understood this) as mining continues at Telfer but it produced no gold, since late February when the mill was closed down, thus screwing up the numbers. Very good for the politics of any low ball acquisition by GGP though. Quite nice now the boot is firmly on our foot... :)

[deputy303] 25/7/2024 00:27

Toasty how’s your short doing time to throw the towel in and close the boiler room

[negan] 24/7/2024 22:11

Does anyone know what capacity the Telfer mill was running at before the tailings dam issues and what grade ore gram per tonne was it processing?

[negan] 24/7/2024 21:38

Excellent news. Telfer have been stockpiling since early April and look to start production again in Q4 2024. Hopefully we will have a deal done by then and all of that ore will be ready for us to hit the ground running just in time for Christmas. It keeps getting better 👊