Member Info for addicknt

Have produced their Scheme of Arrangement booklet and we are listed as being their second largest investment after Lundin, with a current value of $62m (down from 110m in 2022). Lundin sits at a valuation of circa $1bn.

Personally, I don't see us playing any part in Newmont's future plans, however, I can't see why they'd be in any rush to sell the stake. They may as well hold on and use their 10% as a useful bargaining tool in the event of any future corporate action.

Interesting reminder of the missing 4.6m. I wonder if we've taken any action to recover the money and if we'll ever be graced with an explanation as to why and where it went?

Tesla, I think you've rather missed the point. The bloke posted two completely contradictory opinions within minutes. I'm afraid he doesn't appear to know which way is up.

You really are an ocean-going twat, aren't you?

The one thing I do know is that they've stopped replying to my emails, despite the declaration that they intended to engage with all shareholders more regularly.

I don't disagree and, as we know, the company has a long and dishonourable tradition of failing to deliver.

However, it may just be possible the alternative theory actually has legs this time.

Bozi, which begs the question, why announce a new web site?

Alternative theories are available.

Nal, it's Fort you should be apologizing to, not me. Having said that you've done exactly the same thing to me and many others - it's your modus operandi. Anyway, well done for admitting your error.

Nal, yesterday at 9:47 you responded to a post from Fort in which he pointed out that we have have 100% ownership of Cascabel. Your post stated: "Your 100% interest claim is breathtaking". You then went on to rubbish him and said his post was littered with inaccuracies.

Am I correct in thinking you don't believe we have 100% ownership, or did you mean something else.

Roxi, our year end is 30th June and last year the results were published at the end of September, so not long to wait.

DM, they bought more shares in June of this year.

All valid points, DM.

Apparently, we have someone on here who doesn't think we own 100% of Cascabel (I assume he was talking about Cascabel, but I can't be sure). Does he know something we don't?

Eloro, it seems to me people now divide into the bullish, the jaded optimists (I count myself amongst this group), the pessimists (Bozi and DM are the most eloquent of this bunch) and the downright morons (I think you may be able to guess who they are). Between us we cover all moods, although I accept the pessimists have understandably been in the ascendent over recent months.

Fort, I didn't really want to get sidetracked by the issue and definition of production. My question was about how often anyone's ever correctly guessed a corporate action.

For me, this company is the most unpredictable in which I've ever been invested, which in turn is a function of successive management teams who've failed to set a clear strategy and then to deliver on it.

Q, obviously I disagree. Digging a hole doesn't equate to production. Production is defined by having a saleable product.

I was just thinking back to how often any of us have correctly guessed a particular corporate event - aside from the obvious such as cash calls.

Some of us correctly predicted the fateful AGM would lead to Mather's demise, but even then that was pretty obvious. Beyond that I'm struggling.

Incidentally, there's no point arguing that because we haven't been sold yet proves that we're going to production, because it doesn't. The proof of that will be when the first ore emerges.

When you think of it in these terms it shows just how much we are in the dark and how unpredictable this company is.

Can anyone think of other examples? Evidence will be required.

Orthern, you're right, the Crux report did set the cat amongst the pigeons, but it's interesting to note that since it was published we've had investment from two Chinese entities and have raised a considerable amount via two royalty deals from institutions which specialize in mining. And I think I'm right in saying both BHP and NCM have also invested more during that period - although not recently.

Of course, it's possible that these companies are terminally stupid, but somehow it doesn't seem likely.

Q, I'm still totally baffled as to how we're going to raise all this debt you talk about given we don't have a DFS, nor are we even working on one.

In fact I'd go further than your analysis; I don't think there would be any divi, all the cash would be needed to stand our corner through development. Imo, a jv would be terrible for us private investors.

Bozi, I've been banging that drum about a jv for a long time.