Member Info for addicknt

A re-statement of the company's background/resource/strategy etc. In other words, exactly wha all investors already, or should already, know.
These events are designed for people who nothing about the company and are a marketing event. For an experienced investor, they are balls-achingly dull.

Companies are not permitted to release any price sensitive news other than via RNS. It always surprises me when I see investors comment that they expect news to be announced at various conferences etc. It's illegal to do so.

Pad, thanks for this; a great read and in a fallow period of news, it's helpful to be reminded of why we are all here.

Barksy, yes, I believe it is possible to buy the bonds. The benefit of bonds is that they have a yield and will rank ahead of equity. They will rise and fall in price in the same way as the shares.
Personally, I'm not interested in bonds and if I was, I'd only buy those issued by blue chips.
Btw, the SXX funding package has turned out to be a nightmare. I only hope PS makes a better fist of it.

Good find, TC. Finco is now listed and the RK notes are tradable via Tise. I guess this vehicle will also be used to list all further Notes.

RS5, it doesn't bother me either; because it isn't going to happen.

RS5, I was referring to the nature of the funding package. BTW, their deposit is extremely valuable and they have pre-sold significant quantities. So, laugh as much as you wish, but the structure of the financing gives you some indication of what it takes to raise £3/4bn for a mining project.

wanting this to go to production, todays announcement from SXX may temper your enthusiasm. And provide a bit of a reality check.

There's a very interesting link to an announcement concerning the details of financing raised by Hastings. (thanks to Barksy.)

Quady, I agree that if this is sold pre-production we will indeed get far less than its long-term value. Sadly, this is true of very many small, good companies.
However, I'm also convinced NM will be able to extract a very good price for whatever stage of development is achieved.

lost, you'll be done and dusted by the year end. But probably advisable not to tell your boss to feck off just yet.

lost, we aren't going to fund the deal ourselves. It 'ain't going to happen.
As to the timing, how long is the proverbial piece of string?

Utterly empty and meaningless words from a group of politicians whose greatest ability is that of being able to leap on the latest, passing bandwagon.
By the way, this is not to say the issue isn't critical, simply that to "declare an emergency" means the square root of ferk-all. And they know it. Watching them fawn to a 16 year old last week was one of the most depressing things I've ever seen politicians engage in...and thats saying something.
Oh, how I loathe the current collection of chancers who masquerade as our political leaders.

Neither BHP or Newcrest are in the business of owning small minority positions; they are miners, not financial investors. Their current strategy is to have a significant foot in the door, and in the case of Newcrest, a seat at the table (BHPs failure to nominate someone remains of great significance)
Neither of them will allow NM to go out to market and raise a large amount of equity to fund the development. And simply maintaining their current percentage will be of no interest. They are not going to contribute to a situation whereby they are seen as contributing to a group of financial investors making money are their expense.
Assuming things progress smoothly, they will want all of this. Unless another miner comes along with an absolutely knock-out offer one, or both of them, will end-up owning this company.
And as for the argument that the development can be financed 100% with leverage, I don't buy it. If we take NM's view that it will cost $3bn to construct, at least $1bn will need to come from equity sources, and quite possibly more; which represents massive dilution for current holders. Will NM accept that? I can't see it. Let's say BHP and New agree to provide the funds; will they want existing shareholders to benefit from their largesse? No, they won't. They'll buy us out well before the long term value of the company is realised.
In my view, the outcome here is inevitable, but, as the saying goes, WTFDIK.

zoros, we already have two extremely "serious" investors on board; and they are not going to allow themselves to be diluted out of sight. It simply isn't going to happen.

raft of strange looking trades of 22,44 and 66 lots have started the day. I wonder what that's all about?

a fact in business that bad news travels slowly (it's also true in life in general).
During my tenure as CEO of various companies, it was always the case that a sales director would hold back from admitting he'd not won a big contract and that an FD would do the same if there was a problem with the figures. Endless excuses would be paraded until such time as they had no choice but to tell the truth. Over the course of my career I was forced to fire one sales directors and two finance directors for this reason. And on one occasion I was almost fired by my private equity partners for exactly the same thing. It taught me a very valuable lesson.
However, I believe this situation is different; the reason being the bid for CGP. It is inconceivable to me that NM would pursue this course of action if there were problems with the PEA. Of course, the presence of BHP and NEW also lends support to the argument, as does the global acclaim for the resource. But these are not definitive signs of proof, only the actions of management provide the evidence.
None of us like this continued delay, but I think we have to take NM at face value; although the translation issue struck me as being complete bollocks and whoever dredged that excuse out of the draw marked "Nonsense Excuses" should have his or her arse kicked.

mog, it's for the whole of CGP and it will not exist as a corporate entity.

Novice, I have no intention of selling, but that doesn't imply that I can't have an opinion about current matters.
By the way, if you want to buy more, you don't need to wait for anyone to sell...there are plenty available in the market...so feel free.

that as far as investing is concerned, patience is a virtue; but I confess I'm getting mildly irritated by the continued delay of newsflow.
For me, one of the greatest sins of any management team is to make promises and give deadlines and then fail to meet them.
I sincerely hope it's going to be worth it.