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From a layman's standpoint, I like the look of the tenement with fault lines and folds.
Good work Greatland!
We have a live one Hannah - steady.
Bamps, Yoda as always...
Why is the SP being hit again then with the good news coming, surely there should be some sort of impact?
I am just a lowly PI,. but have some knowledge of the space and it strikes me (excuse the punn) that we seem to go backwards on good news!!
LL
Timeline by Zoros seems about right to me and Everyonesawinner summarises the situation unless anything completely untoward happens. Bamps timely appearance also reminds us we are a working explorer with huge potential. "Well endowed" I believe was the phrase used in the rns!
At the moment I've not just been finding extra cash down the back of the sofa but it appears some crazy folk have taken their old ones to the dump without checking and I've found spare change in theirs too
MH - Employees have incentives tied to the share price.
Who are you referring to?
Proactive interview with Shaun on todays news.
https://www.youtube.com/watch?v=ryuTHdlaQUc
What's your experienced, whiley approach and thoughts then HJ?
I can’t get over that today’s news has been lost on here too quickly, swamped by negative idiots to drown it.
Most people seem to have glazed over with the announcement not really understanding it.
It’s all to do with obtaining the Heritage approvals and work can commence again after 6 or 7 years. That’s when the drill results were issued for Wishbone, Carnegie and Empress.
GH commented that they have found disseminated sulphides , they’re not as good as massive sulphides but indicating there are sulphide intrusions coming up through the basement so the drilling needs to be deeper.
Today’s announcement has highlighted the Banded Iron formation from one end to another that’s 50km yes FIFTY kilometres long of a mineralised structure cut through twice by 2 major fault lines.
Additionally the banded has 2 more Banded iron formations running parallel with the first which could add up to another 30km or so.
This is significant news.
Whats to worry about? We either keep our 30% - Buy it all - or get another partner who wants to progress and dump NEM who are stalling our mine. WIN WIN as CB said
This highlights how bad LSE is versus other exchanges. ASX anyone.
Nicepair, you explain what I complained about and now have to advertise
before more investors get caught . London South East, LSE, has to be named.
AIM Advice Board, AAB. That makes sense and is not confusing.
I was told to leave HL when I was in need of help.
On-line broking is a business without responsibility.
The FCA should be concerned.
Certainly worrying. Seems like everything is resting on the deal and lca. Of which we’ve had no news.
Jump Lad, jump and take the candle maker with you.
Wyloooooo
I do not think you are far off with that Z - wink wink
There is an old saying that the trend is your friend until the bend at the end. I have a small holding here and it is the trend that has stopped me topping up. Lots of potential but we devour cash until we go into production. I await cash generation news...
Blantyreboy - Does this chappie actually think he is in charge of a company that doesn't have any financial restraints.
Put simply - yes; when you have someone in the background who does not have any "financial" constraints.
Have faith dear boy.
The idiots are out today
Exactly - we have a massive overhead with no income
It’s a steam train heading towards a cliff edge
The share price in my view is completely dislocated from true funamental value. Drivers at the moment are uncertainty and negative sentiment, as opposed to valuation based on whats in the ground and potential future cash flow / value creation.
Shaun Day unfortunately has assembled a strong team who have proven to be ineffective. I am not sure what the BoD has actually contributed during his tenure so far.
We need clarity on Telfer and the construction / mine plan going forward.
These debates remind me of a senior Norwegian offshore manger whose English wasn't brilliant berating his management with 'These people in charge think I know nothing'
.............but 'I know ***k all.
How many on here know all?
@ Dipp666
Appreciate your response and efforts over the past months Dipp, however do have to say that everything has a price, and when playing for these stakes the wolves get hungrier.
GLA
Yep, heading down daily, relentlessly. No end in sight. 3 p coming.
A reminder of the predicted time line for those on the side lines who don't post on here often but read a lot. (from a post I made weeks ago):
---------------
My questions were actually put to SD and for that, I am grateful. The response was as expected, given SD’s sensitive circumstances, so ambiguity prevailed but enough was stated to provide me with a slightly clearer picture of the time line…
The dewatering of the final aquifer should be complete in H2/24. Being optimistic, I am projecting Q3/24. Once they break through this layer, he expects the remaining rock stratum to be excellent for drilling. The incline falls at 7 degrees with a vertical depth of 80m to go. This means we have approx 660m of decline remaining. Based on SD’s description of the quality of rock and my interpretation of previous decline average daily progress- I am going to assume 6m/day (which is above the average - to date).
This gives me 110 days of drilling and blasting from recommencement of the decline post aquifer. This places us mid Q4 on arrival @ the motherlode.
Ore will be extracted at this stage (production ore) and stockpiled for 6 months in preparation for feeding the processing plant at Telfer . Mass production of processed ore will then commence circa Q2/25 (FCF?).
(The SLOS will need to be constructed once the decline arrives at the motherlode in mid Q4 and this entails a further decent of approx 500m to fully establish a working SLOS mine running at approx 3mt/ annum).
----------------------------------
I have one unanswered question - even though the suggested aquifer problem should be resolved by August this year - that means 8 months for the cessation of drilling activities @ Hav.
IMO - it doesn't take 8 months to dewater. Something is afoot.
Again IMO - that something is NEM winding down @ Hav and negotiations taking place with whoever - to buy it out.
We could well have a new boss in August. Will it be GGP or Wyloo?
Exciting..........
Z