Newcrest27 Aug 2021 20:42
My previous post...
"Release on Thursday would be good,,, smiling emoji
Not hanging around, not a nice board, yet again this evening!
Hopefully we shall all be cheery come Friday?
Fingers crossed!"
When I posted, my belief was that Newcrest would make an announcement to the ASX.
Obviously I got it wrong.
So why the rise? Who knows? Maybe next week - we will see.
I do, however, have an unrelated question for one or more of the knowledgeable ones on this board.
Good old Earnest Giles...
In March this year, Shaun Day informed us that, following a "detailed" internal review of exploration data, Greatland had decided to double the footprint of Earnest Giles, applications being granted of course (I suspect further expansion). If all goes well that will give us somewhere in the region of 2000km2 .
No doubt some LTH's will be drawn back to May 2017, when Greatland came to an agreement with Newmont giving them access to Greatland's database and permission to carry out their own DSG survey on Earnest.
After evaluation of results Newmont decided their money was better focussed on other districts (Faster, cheaper gains in my view) SP tanked horrendously!
Callum wasn't going to let this one go...
I could ramble on for a while but we've got a gathering to go to...
Point is this - Earnest will be the next massive open pit. In my mind, Shaun et-al have spoken "unofficially" with Newcrest .
Might be talking a load of bo77oks here, but who knows? Let's look at the likes of Jundee, Kalgoorlie and Leonora, to mention a few.
In my mind, Shaun has taken a good look at all holdings and decided that Greatland is currently spread too thinly.
All this is rushed of course, so i fully expect to be corrected in one way or another.
Big news next week? I think so!