Member Info for Academy

@4.8p

I hope so Spy. I really do.

the amount of times people have said that over the last two weeks is astonishing

not far off by the looks of it

Not kidding. Giant by name and giant by nature

Today has been the largest tree shake I've ever seen. I'm glad I held my nerve.

2.5m @ 4.65

Would be funny if it went back up to that level and would prove the games and manipulation of the day

agreed 100%

small trades going through

Ride the wave. Painful and shocking as today has been. Don't get played. I'm sure a lot of traders have lost a fortune in the last couple of days.

can't even buy 50000!!

this mayhem is market makers wanting our shares

schlemiel -any idea how many Fritz holds

Don't forget Numis still have target of 6p

Topped up. Nothing indeed has changed except the opportunity to buy in at last Friday's pricing.

Seem to be a lot more buys than sells, yet the price is not rising. Strange. MM doing their tricks?

.........The comments came as Newcrest revealed a $US236 million half-year profit which was slightly better than analysts had expected.
The profit and the US7.5¢ dividend were almost identical to last year's half-year result, with strong gold prices absolving Newcrest from a 12 per cent fall in gold output.
The company continues to rely heavily on NSW's Cadia mine, which delivered 45 per cent of Newcrest's revenue and more than 100 per cent of its free cash flow and earnings before interest and tax.
Water availability at Cadia remains in focus, after Newcrest warned on January 30 that it may have to curtail production at the mine if the past two years of drought were to persist.
No Australian mine produced more gold in 2019 than Newcrest Mining's Cadia.
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Newcrest warns drought may cut Cadia output before Christmas
The situation has improved over the past two weeks, with solid rain falling in the catchment close to the mine.
Despite the encouraging start to 2020, Mr Biswas kept expectations low, stressing that Cadia did not receive the substantial rain that caused flooding in other parts of NSW last week.

The explorer pursued by BHP and Newcrest Mining has been urged to avoid ''short-term fixes'' and raise funds in a way that prioritises existing shareholders and the long-term interests of its promising copper and gold project.
The comments from Newcrest chief executive Sandeep Biswas come as Brisbane-based explorer SolGold works on a major fundraising initiative that is expected to be finalised shortly.
SolGold has been largely funded by share placements to BHP and Newcrest over the past four years, and those placements have resulted in both big miners owning more than 14 per cent of the Ecuador-focused explorer.
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SolGold seeks funds ahead of BHP's unshackling
But SolGold managing director Nick Mather, who owns more than 4 per cent of the company directly and has close links to at least a further 10 per cent, is understood to be keen to source the next funds injection from beyond those two mining giants.
Mr Mather declined to comment this week, but some shareholders believe he is keen to bring new investors and lenders into the fold to ensure Newcrest and BHP's collective interests remain below the 50 per cent threshold that would allow them to change control of SolGold after October 2020 if they wanted.

Asked whether he was happy to see SolGold fund development of its prized Cascabel project through high-cost finance like a metal streaming deal (where a portion of future copper production is sold for an immediate cash injection), Mr Biswas said he wanted to see long-term solutions.
''The thing that we as a major shareholder are very keen on is whatever funding is put in place is in the interests of shareholders that are currently part of the business, and that those funding arrangements are sound arrangements that look to the long-term future of SolGold as opposed to any short-term fixes or distractions," he said.
''It is an investment we are happy to be part of, it is a good long-term prospect, it has quite a way to go yet before it realises what may be its future potential. We are supportive and intend to remain that way.
''The more focus on the exploration, the drill out and the economic studies to prove the viability of Cascabel in particular, I think that is where the focus should be."
Gina Rinehart's Han**** Prospecting shares a fence with Ecuador's hottest copper exploration ground.
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Rinehart has Solgold surrounded on three sides
Mr Biswas said his top-priority exploration projects were at Canada's Red Chris mine and Western Australia's Havieron deposit, which is central to extending the life of Newcrest's nearby loss-making Telfer mine.
Mr Biswas said he was disappointed by Telfer's inability to generate positive cash flow over the past six months, and Havieron will need to be developed within four years based on the current known mine life of Telfer...........

"Mr (Sandeep) Biswas said his top-priority exploration projects were at Canada's Red Chris mine and Western Australia's Havieron deposit, which is central to extending the life of Newcrest's nearby loss-making Telfer mine."

https://www.afr.com/companies/mining/newcrest-urges-solgold-to-avoid-short-term-funding-fix-20200213-p540hs

Interestingly Paddy, threw of the five investors in the Q&A session asked questions about Havieron. it's key to Newcrest now and massive for Greatland.