Member Info for antigua18

TR61. Sorry to hear your news , you are missed on the board as you are the voice of reason. Just goes to show there are way more important things to worry about than shares and money.
Wishing you well and hope you prove them wrong

Question, why are they asking to drop price by 70mil yet still looking to raise the same 530mil.
Where is the potential saving going?

Why not give to us on interest free and allow us to pay back over time as poo increases. No cash raise and everyone wins

Seems to be enjoying watching Pi’s suffer and revelling in the company misfortune. People like that are low life in my book

It’s normal and been going on for ages. The argy bargy happens when the share price drops and peeps get distracted. Normal service resumes when we rise and start focusing again.

And adverts

Sandgrounded, I use AdGuard (free version) stops all pop ups.

I used to get issue on my iPad with all the advertisements on here. I installed an adblocker and it stopped nice clear screen.lol
However if I turn it off for any reason I have to close down all open pages and reset history otherwise the issues start again.

Sorry, Briefing book

Thanks Paddy, thought I was losing it as it’s not in the Recent briefing On their site.

Strange though paddy that it was a recent addition to their literature. Can’t for the life of me remember where I saw it.
Perhaps though it’s Nothing more of NCM ****ing it’s leg and marking its territory

Could we be going to get a big JV to cover all Hav tenement and Paterson range east to cover exploration. Didn’t we see that NCM had added PRE Tenement to their maps/pictures recently.

Not to mention that to my knowledge there are something like 40 creditors if memory serves me.
Getting their agreement on anything is a nightmare I’d imagine.

Devon, I’m not saying they can’t take control but that option to my mind is when a sale is out of the question or disposal of assets doesn’t cover the debt. Administrators would be the ones to work out how best to facilitate payment not the creditors.
Pmo have a lot off assets and if they demand payment then that’s what they would get. Assuming assets sale would cover, leaving equity holders with any crumbs.
To my mind they either accept Pmo extension offer or they demand payment for which a sale would be only way.

My only issue with what you said is how can it be legal to pass on the company to another company with shareholders kicked out and creditors owning the company. Particularly if the debt stays as it is and they agree to extension to facilitate a sale.
If they call in the debt then administers would first seek a buyer or break the company up with first priority going to payment of debt to the the creditors.
IMHO

Don’t worry Dillon no apology needed. Many got seriously burnt with the earnest Giles hype myself included. These are very different times and very different potential. Mm’s will play their games regardless and any results won’t affect us long termers. Good results however would blow the doors off, don’t know where the share price would go then. Obviously up. LOL

I didn’t say we weren’t optimistic. My original post was more about the assumption that we will get good results rather than we may.

Agreed, our current JV has served us well so no need to be greedy. Fingers crossed the results will be good, plenty of time to discuss terms after. GLA

Holly, Jdt, I know what you are both saying but If we hit the grades at Scally we wouldn’t have to rush into any decision. Also as it’s indicted the gold could be under significantly shallower cover and could potentially be of more importance to Ncm in feeding the beast at Telfer.
I wonder if we may be able to get slightly better terms.

Thanks Guys, whatever happens in regards to the other near future results It doesn’t have any bearing on what we have found at Hav.
On the other side we could hit more gold and a new JV.
Anybody any thoughts on better terms for a new JV should it be offered?