Spare professor clutching at straws, methinks. |
Market is unconvinced, sceptical or just incredulous. April's divulgences will elucidate. Until then stagnation or diminution of share price or opportunity to trade on fluctuations ? |
Gold price on fire, new all time highs are coming, bank of england are running out of gold for delivery, big problems ahead |
Arthur 75 how many shares did you borrow to short greatland have you not thrown the towel in yet your 4p target has been blown out the water |
Yep they come in as a reasonable poster then within a few posts, the colours show. |
GOLD @ $4,476 Aussie. The rise continues...
GGP HOLD FOR GOLD |
Nice find TW! |
Hazel, Post 3488. Interesting article as it makes u wonder how much gold bullion the BOE has! compared with paper gold. |
Is so funny watching them create new avatars because we dont engage...!Chart looking solid as a rock |
They just keep buying into this company. When will the king knuts finally realise this will become a teir 1 gold company? |
Excellent Timberwolf. |
Another new investment house has popped up, and topped the list of recent buys, with Premier Miton Investors taking 73,318,546 shares.
The vast majority in their Premier Miton UK Multi Cap Fund |
And wisteria
8-) |
The Irony of above!! |
Hydrogen1 "stock price has doubled " Eh? Dear oh dear, you do realise the simple minded , easily lead like Negan, Jaka, Telbap, Ntl2, Deputy303 etc believe this kind of nonsense.
Amount of shares has doubled! |
Hi toastys your 4p short is marooned in shallow waters choo choo toastys how many shares did you borrow |
Stock price has doubled
Stop smoking the pipe hydrowrong |
 Hi again,
They are not "processing" tailings - (Not sure when you get that from? ) - They are processing low grade ore stockpiles (that were probably subeconomic 2016 to 2023.
If you check out the most recent Oz goldie quarterly's the companies really printing money (this year) are the ones with large low grade stock piles... like Regis NST and the bigger pile the better. Telfer’s plant comfortably runs down to 0.3g/t. recovery doesn't fall.. also as far as I am aware - Cadia Operates at 0.4g/t with no "reduced" recovery. Gold is presently $4430 (and climbing) And I would say the reason NCM didn't mine these WDD and Backdoor targets in 1990s or 2000s is they had better options in the existing mine with competition for capex and capacity given the massive monster AU $1.3bn capex spend in 2003-2006 on Telfer's huge upgrade (got to be worth $6bn in todays capex) they opted to develop stopes closer to the mill. And then mine was still producing 430koz prior to the tailings dam repairs.
For context, Ggp just executed the largest fund raise on the LSE for any mining company for 5-6years. This company has huge market backing. The stock price has doubled since the raise and the market cap basically trebled. So I think the people in charge of GGP probably know what they are doing eh? |
Too much attention focussed on AISC here. It's the actual costs reported under IFRS that will drive the quarterly results. That's the cost-base inherited from NEM for Telfer ie the costs of employing the 400(?) staff, the energy & chemicals expended in running the plant, depreciation on the acquired assets etc. A significant part of these costs are semi-fixed; if you have 400 staff you have to pay them regardless of how many oz you are processing, you still have to bear depreciation charges etc.
The reported profitability under IFRS may be materially lower than anticipated by the many posters referencing gross revenue minus AISC.
For GGP in the next few years the most relevant and useful measure will be the simplest: cash revenue minus cash costs, because cash generation to fund Havieron capex will be crucial. This will be different again to the numbers reported under IFRS. |
I am pretty sure all the below reasons and mostly the two key ingredients in any successful business, luck and timing.They had the luck to kind telfer, but timing back in 2004 ($400 gold as hydrogen pointed out) was wrong.Also add to this the conversation I had with GH and Callum Baxter at the first age after Haverion had been found, we talked about how far the gold went at Haverion, how wide how deep etc, his answer always stuck with me. He said we can project out production for 20 years. After that, maybe what's still left becomes your children's benefit and bonus! |
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