Member Info for antigua18

Valley, I think that was Paddy’s point earlier about NC making their play before true potential is realised.
Can’t see them drilling for 5 years then at least another 2 years before mine would be ready at the earliest, possibly longer.
No doubt it would be better for us if it was fully drilled, but that wouldn’t help Telfer.

Not going to happen, NC will make their play before year end.
Either buy Ggp and secure Paterson or take over Hav and assist/JV in drilling other areas In Paterson area.
Ggp has no intention to mine in my view.

Paddy, I don’t see it as a negative, it’s more of desperation to get the mine started to feed Telfer.
If they wanted to firm up results of the entire area then surely they would flood Hav with extra rigs.
The strategy relies of coarse on the high grade zone being big enough.

Does anybody have any idea how long it would take to build a producing mine?

It’s my view based on what SB said at the update, that they could possibly be considering target a mine at the high grade intercepts if proven too be large enough. They need to start the mining process ASAP if they are to keep Telfer going.
They can then drill to determine the rest as they go. They simply don’t have the time to drill hundreds of holes.
IMHO

I know what your saying. I have been in this share for many years and get fed up with how it’s pulled around all over the place. That doesn’t mean I don’t believe in Pmo. I agree it’s not Td’s fault this happens. I guess I let my frustrations boil over sometimes.

Grippa, you do seem to take criticism of TD personally.
As you know I have been critical of him in the past but have never de-ramped Pmo.
I will say though that if he pulls this latest deal off he will have pulled a blinder.

He will be back! He needs to trade to keep that mullet and leather jacket in good order since trading kit in for the jet ski

Nothing has changed here, it’s just someone taking profit.
If you believe then hold if not then sell, simples

Spratt, agree could well be SB taking profit. I think he plays both sides taking profit when he can

How many more red days we will have before we settle. These big drops scare the lowly Pi into selling , don’t suppose this will stop until they have flushed them out.
Everyone needs to keep their eyes on the prize. If everything goes as expected then it cold be massive (only have to listen to what Sb was saying last night)

Ask yourself why haven’t the piled in extra drill rigs at Hav given they need to mine ASAP to keep Telfer going. Sb gave various scenarios as how to target the mine. Has he given a hint to targeting the high grade zones quickly then follow up lesser grade areas later in order to potentially progress quicker?
He is gushing about Hav but playing cards close to his chest

IMHO

Bang on Rup I think the same

Sorry Paddy if you already mentioned it, it’s difficult to keep up with all the posts recently.

If anybody is interested it’s worth listening again to the webcast for the end of year financial results from 16th August last year. In particular Q&A’s at 47 minutes 30 seconds in which Sandeep talks about Havieron
https://www.newcrest.com/investor-centre/results-centre

Exactly Heardy, that’s why these foreign companies love the Uk.
Little or no state interference and no recourse when breaking rules.

Added to that, where is the response from the FCA to their short? Unless I’ve missed it.
It’s like me breaking the speed limit and saying “sorry officer I forgot to look at speedometer”.
The rules have been broken, end of.
A heavy fine now would send a strong signal to the market and pile more pressure on Arcm.

What do you think the chances are that our special friends will pull a large draw out of the hat to support shale. If not today then tomorrow.
Or am I being cynical?

Question is, will this uncertainty give Arcm the exit for their short?

Spratt, I know it was already mentioned. My hope is he may elaborate on it.
The more Hav is mentioned at these things the better.

Will be interesting to hear if Sandeep has to anything to say about Hav on NC’s half year financials webcast next month.
Hopefully he will mention the 25m extra spend this year.