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The BR purchase at Poly was despicable and it's great news they've lost a shed load.

Some useful thoughts about commodity prices for the PFS - thank you. Whatever they end up using, we know for sure that they'll be considerably in excess of the PEA numbers and that the impact should be significant.

As far as those Russian stocks are concerned, I don't think I've ever seen such rank stupidity from private investors, and that's saying something. Large numbers heralding 'I've just added a shedload', 'this will all return to normal in a few weeks' etc, etc. They genuinely believe this will all blow over and that Russia will be re-admitted to the global community without any consequences. Watching these goons chuck their money away is a bit like seeing a car crash on a motorway - you know you shouldn't look, but you do anyway. Of course, when their stocks remain stuffed and their savings have gone up in smoke, they'll start looking for someone to blame. I for one will have absolutely zero sympathy for these immoral hucksters and they deserve everything they get.

anyone have a view on what commodity prices will be included in the PFS? Clearly, the original prices are now redundant, but I wonder what assumptions they'll make. The implications for the NPV could be huge. Similarly, it'll be fascinating to see by how much they've managed to reduce costs, which I guess was the whole point of the exercise.
Separately, I know we end up having a few spats on here, but they are nothing as compared to those currently taking place on the boards of companies with interests in Russia. And what I find astonishing are the number of Putin lickspittles who've emerged form the shadows. Supposedly British people openly voicing their support for this truly evil barsteward. Just goes to show, when it comes to money, people are very quick to dump any sense of morality. Quite terrible.

I understood the AT trades better. Perhaps someone could explain in plain English?

Slug, we all remember that. I imagine her kids still squirm at the memory.

Re: Humble Pie. We have the ingredients, they've been put together by Delia, and are ready to go in the oven - six months at gas mark five.

Looks like the market understood what DC was saying. And to avoid any doubt; produce a stonking pfs, flog the asset, return cash to shareholders and repeat the trick with Porvenir, and others.
And if this comes to pass, I'll fly to Australia and buy DC a slap-up meal of Big Mac and fries or perhaps, bearing in mind his surname, a pizza.

Q, I take it you didn't listen to the Q&A session?

Agreed. What a contrast to the hubris and arrogance of the previous incumbent. DC clearly has his head screwed on and is open minded and realistic about our situation. This presentation is a must watch for all current shareholders, as well as those thinking about investing.
Slug, well done for asking the key question and big thanks to DC for answering honestly and openly. This whole thing seems like an invigorating breath of fresh air.
I don't like wishing my life away, but roll-on Q2/Q3.

So that's pretty clear then. We are willing sellers.

DBW, one hopes so.

I think most of us would be perfectly happy if we could a decent value for two tier1 assets.
The sensible thing to do would be to sell them and then retain sufficient cash - after a decent divi, to continue with exploration elsewhere. To my simple mind this seems a blindingly obvious way to realise some serious shareholder value whilst simultaneously leaving us with skin in the game for further upside.

CD, yes, that's my feeling as well.
Everything BHP have said about M&A in the past year appears to lay the emphasis on de-risking, therefore I think it's safe to assume they'd see the PFS as being the key milestone, and I'm 100% certain DC understands this.

I suppose this new strategy will not be welcomed by the news junkies amongst the small private investors, who I guess will sell up.

If I've understood the observations correctly, the company is to focus 100% of delivering Alpala, is this right? (I haven't yet seen the presentation)
If this is the case, my first reaction is that I'm pleased...sort of. I've argued for a long time that we have had far, far too much on our plate and that we simply don't have the resources to pursue multiple targets simultaneously. Therefore, I welcome the announcement that we are dedicated to producing a long over-due PFS on Alpala, particularly as the market studiously ignores everything else. Mind you, I do wonder what will do with the employees employed elsewhere? Re-locate them to Alpala?
I'm also pleased we are conserving cash and agree the intention seems to be to deliver the PFS prior to any further cash calls.
The one thing I would like to see, and which we may get some credit for, is the delivery of MRE2 on Porvenir.
If this is the route we are actually going down, I'm delighted we are demonstrating a logical approach which clearly bears the hallmark of DC. The scatter-gun strategy has never been sensible and was way beyond our capabilities, so well done DC for introducing some common sense. Let's hope the market sees it the same way.

Yes, and POLY down 37%.

The sp reaction of this share so far today is somewhat of a miracle and not at all what I was anticipating.

SM, I most certainly wasn't accusing anyone on this board of being a Russian apologist. I was referring to the eejits on the EUA page.

For sheer ignorance you should read some of the posts on the EUA page. It's amazing how many Putin apologists are spreading utter BS and are going unchallenged. I realize those people are invested in a complete crock which is now doomed to meltdown, but their anti-western views are quite mind-bending. In previous decades we referred to people like them as useful idiots - in their case I think we can drop the 'useful' bit.

I thought you'd bought more last week, RK? Make up your mind!