Telfer just needs a couple more big deposits near by to keep running for 50 years or more and in the meantime restoration of the old parts can be done slowly using a small part of the profits which will be tax deductible on a yearly bases. The important part is to keep the operation going and as i have mentioned before Telfer workers have stated there are many small satellite deposits in the Telfer tenements of around 1000000 oz gold and huge deposit of cobalt. I have worked in the refinery business for many years and the big players like Shell, BP, Exon sell old plants for a pound, Guilder or dollar so they don't have to clean up, and smaller refiners shutdown the plants but keep the tank farms going so they don't have to clean up so no different with Telfer. Shell have sold many refineries for a dollar with the units running as a going concern, while companies like Ineos made a fortune by buying old chemical plants from BP and others like Grangemouth and ICI on the cheap Mr Ratcliffe went from Council house to Richest man in UK.
So for me Telfer is only worth a dollar or less and we control what happens to Havieron. I think the best way to go for all parties is for NEM to take royalty payment say 2% ex smelter and walk away from Telfer, Havieron and JVs GGP take over the lot and other NEM JVs where applicable. This is very clean and puts GGP and NEM in a very good position and not much money spent in figuring out how much for each part of the projects. Don't forget that American Royalty company XXXX Nevada so far has taken one billion dollars from Barrick and said there is a further half billion left to come, was the first project for them and from that was the company maker, only cost 2 million dollars at that time to take the position. So NEM have to think long term and can make a fortune from GGP in time. To the moon and back a few times. DM
The Power of ROFR (Rights of First Refusal) 💥💥💥
Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
zoros wrote: ↑Thu Mar 28, 2024 4:48 pm Lennie - there are two sides to a coin. The other side you forgot to mention is that the buyer of Telfer will have to sign a guarantee with the government to restore the site to an appropriate environmental standard. And how much do you think that would cost. Clue: In excess of $1Bn...So a future buyer must take this into account (which is why NEM could quite easily 'give the site away' to absolve itself of its restoration duties at some stage in the near future).
Hydro - you're getting worse....you have literal darrhoea which is circumlocutory to say the least!
Only recently you did a war and peace on shorting - which (as usual) was far from reality, now you're doing the same with future finance and mining options for GGP.
Even Bamps can't figure out your methodology.now.
Whoever buys Tel?Hav is going to need billions (plural). And that won't come cheap. In regard to mining - the SLOS will pay for the Bulk mine but over time - a long time. There are no short cuts in either domain (finance/mining).
Z
Just reading through a few old posts here... looking for some older info on Australian Pension funds who might buy into GGP... when I came across this ding dong over the the ROLR .,. No wonder my posts are often 'war and peace' ----
Interesting who on reflection was correct - and who wasn't, eh? - I reckoned $350 to 400m could get Havieron given the ROLR ... I was very close.
In the end, Truth prevails...
Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
What on earth are you on about...........again.....
Zzzzzzz
Zzzzzzz
Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
Did it go over your head Zoros? It wasn’t supposed to. 
In the end, Truth prevails...
Re: The Power of ROFR (Rights of First Refusal) 💥💥💥
TO ALL NEW INVESTORS... In my view This Thread is critical reading in its entirety...
Of particular note is:
1) how unambiguously wrong the opinions of PIs can be (now we have the full facts we can see that)
2) Just how big a deal the superannuation pension funds in Australia could be ( once they start taking chunks of GGP)
This is Sandfire resources top holders - I think 2 are Oz pension funds. But As you can see two pensions funds hold 20% of the company.
From my research I would suggest the big Oz pension funds appear to support home grown companies and gold and environmentally sound copper projects. And now Degrey is gone the fact is : GGP is now the biggest investable gold-copper development project in Australia...
Some seem concerned shaun may plan to raise on the ASX listing and thats a reason the SP wont progress.. Personally, I think they are clueless.
IMO his stated preference will be to wait (and perhaps raise later). OR this will be a very small amount like AUD $50m at virtually no discount. This is because Day knows he is raising money from a position of strength. He has now categorically said he will only raise if the ASX compliance forces him do it. And regards the sp
It makes no sense to raise if he can avoid it.
However - later on in a year or so - once we are in the ASX - he might say we have this 2 moz resource at the West dome deeps or this huge DFS and we want $50m AUD cash to fast track its development inside 9 months but expected payback will be X.
Thats the sort of raise we want. Here are the biggest players by AUM. These players will cornerstone any raise in GGP. It's the pension funds and big fund managers that will move the price here now.. the big guys like these sat with 87k shares at the bottom - but who also for example can own 20% of Sandfire resources perhaps Australia’s last largest independent copper producer.
What’s fascinating is that When you look at these pension companies biggest holdings it’s not Apple or Nvidia … it’s always Australia first : BHP and Rio
Of particular note is:
1) how unambiguously wrong the opinions of PIs can be (now we have the full facts we can see that)
2) Just how big a deal the superannuation pension funds in Australia could be ( once they start taking chunks of GGP)
This is Sandfire resources top holders - I think 2 are Oz pension funds. But As you can see two pensions funds hold 20% of the company.
From my research I would suggest the big Oz pension funds appear to support home grown companies and gold and environmentally sound copper projects. And now Degrey is gone the fact is : GGP is now the biggest investable gold-copper development project in Australia...
Some seem concerned shaun may plan to raise on the ASX listing and thats a reason the SP wont progress.. Personally, I think they are clueless.
IMO his stated preference will be to wait (and perhaps raise later). OR this will be a very small amount like AUD $50m at virtually no discount. This is because Day knows he is raising money from a position of strength. He has now categorically said he will only raise if the ASX compliance forces him do it. And regards the sp
It makes no sense to raise if he can avoid it.
However - later on in a year or so - once we are in the ASX - he might say we have this 2 moz resource at the West dome deeps or this huge DFS and we want $50m AUD cash to fast track its development inside 9 months but expected payback will be X.
Thats the sort of raise we want. Here are the biggest players by AUM. These players will cornerstone any raise in GGP. It's the pension funds and big fund managers that will move the price here now.. the big guys like these sat with 87k shares at the bottom - but who also for example can own 20% of Sandfire resources perhaps Australia’s last largest independent copper producer.
What’s fascinating is that When you look at these pension companies biggest holdings it’s not Apple or Nvidia … it’s always Australia first : BHP and Rio
In the end, Truth prevails...