Member Info for Bamps21

Hi Ben, Tom
There was a really good post last night at about 9.45 can't remember the poster. Not sure I agree with his valuation though.
What's exciting is the new antigen test that needs less reagents or specialist chemicals and is a lot quicker, this will be coming on stream shortly beginning of May I believe, is this where Matt H has got his 100,000 tests by April end of.
The other thing in the pipeline is an expected vaccine by September with the ability to have 8m made by then, will it work who knows but if it does could be mega. Big hurdles though for a vaccine that quick.
Doesn't look like an antibody test is anytime soon either.
Think the BBC getting mixed up with antigen and antibody tests.
The Ncyt antigen test is close to 100% accurate the only one of two as far as I know .
In normal times I wouldn't have invested but these times are not normal
ATB:))

Coins are the in thing at mo
The Fed has closed the Mint during this crisis. Values are shooting up.
ATB:))

Hi hydrogen
A couple of points, you are saying it is too early for the decline.
From the last presentation SB wants the decline started before Xmas, you just can't say ok we will put here, it needs planning.
The planning will take time and need as much information as possible.
To start a decline tunnel it has to start low in the ground so a vertical portal access can be formed
It also has to be far away from the initial target point i.e. 6 degree decline tunnel to get down 300m would be a length of nearly 3km
With the ore body stopping in the south to southeast side it is the obvious position for the decline in my opinion.
A big hole in the ground is a great sign of a portal access.
This is looking so impressive
ATB:))

Just to change the header :))
My daughter in law works in the Nationwide, I hope everyone doesn't take the money out of there
Hsbc bonus saver is a bit of a joke 0.1% only got 33p in mine and no idea where that came from.
ATB:))

I shall have to go out in the garden, sold the Ncyt I bought yesterday now Itm are nearing top slicing again .
Doing my head in :)))

Well that was a roller coaster few days top sliced Ncyt bought some Costains top sliced and bought back Ncyt unbelievable for me I'm hopeless at trading.
Think I'm selling my Hsbc at a loss and play the game to get the loss back. Good job I got out of lloyds and put into Ncyt.

This site not been good over last few days so looked on the other chat board, not advisable very bleak outlook for builders on there.
This chat board is the best in my opinion
Keep it up :))

Hi Schlemiel
Thanks for posting that I've been trying to get my head round the geology.
At Havieron we have an arcuate zone - a fracture from tectonic movement.
In this area it is a deformation zone - fractures in the ground formed by atmospheric movements of dry and cold air masses.
These deformation zones normally run NW to SE - this sounds familiar to Havieron
The faults formed by the atmosphere then have become accentuated by tectonic movement and molten material was brought to the surface through the fault.
This happened in the Proterozoic period.
Looks as though Havieron, Telfer and Lamil are historically linked by their geology
ATB:))

Hi ERV1
Do you think the TW Spanish division will be able to recover ok

Hi Nige
There's always been a misconception on contractors margins, I've seen huge embarrassing profits on some jobs, made from innovative techniques, betterment of subcontractors packages and materials, finishing early.
Some of these profits were so large the shutters went up so nobody would find out
Margins aren't everything
ATB:))

That rule has been suspended during the crisis allowing companies to raise funds without having to ask shareholders:((

Hi Ben
The guy that turned Costains around was at Bryant's when I was there, certainly surprised how well he did.
Costains are on my watch list
I can't at the moment see how any site can keep going these days , from supply issues, keeping people apart, inspections, site meetings all problematic
Will be interesting to see how Spain gets on
ATB:))

What news can we expect or not get in the coming weeks
1 virus update
2 Saffron Lower and Middle Cruse test results
3 CO2 project are Prd buying
4 How are Lind being repaid i.e. Deferment,cash or more shares
5 contractors payment- cash or shares
6 Goudron news if any
7 Suriname news update on virus and any progress on the license

Not looking like we will get anything this month apart from issuing shares especially now the government have relaxed laws on issuing shares for cash without shareholders approval.
The news flow that last 6 months has been poor!

Hi ERV1
It's going to awkward opening construction sites without opening a host of other parts of the economy such as builders merchants and their suppliers, plant, public transport, waste removal, deliveries to name a few and also ppe shortages. It will be interesting to see what happens in Spain.
Why I mentioned construction companies is that to get those sites up and running should be fairly straightforward whereas the housing market has to get off the floor first, all the existing chains may have fallen apart. I know my lads firm could start up again quickly with their housing association work.
My background is construction and was never happy with all the foreign takeovers , this country is in short supply of large civil engineering companies, prices can only rise with all the infrastructure announced in the budget recently.
ATB:))

With Newcrest rushing towards stage 4 and an eventual 70% of Havieron will they offer the rigs to GGP when they have completed drilling for Scallywag.

In my opinion GGP could offer 30% of Scallywag for a free carry at Havieron plus drilling exploration at Scallywag .
Is this the real reason for postponement of GGP drilling
Just me speculating :))

Hi ERV1
At the moment I'm not keen on house builders in this market but have kept a few of TW. I must admit I'm concerned about a new pension deficit here, I can't see the company contributing in this market and the asset value of the fund will have fallen.
That's why I have spread my portfolio thinly and it has worked so far.
I don't want to get too involved with medical stocks and will get out when appropriate but now is not the time, as news on testing and sales come out. I always keep to the sell a few to get your money back.
Ncyt has been an extremely good only downside is their accounting is poor.
Sng is Tom's tip it looks good.
Cerp are in oil my last oil play, only for high risk but could have a big upside.
Itm are in hydrogen my best performing stock over this crisis.
GGP are my favourite for big growth in gold, the assets are huge but not confirmed yet. Any profits I make at moment are going in there, I got in at 0.6p and steadily increasing my average.
As time unfolds with this crisis I will gradually put back into builders but possibly the contract companies first before housebuilders, it will be easier for the government to get that side going first
ATB:))

Hi Tom
This site is bad at the moment since they've introduced bigger adverts at the bottom of the screen or it could be infected with the virus
I know you can give £3k away each year to kids and grandkids not sure about other relations without incurring tax.
My bank wants me to put all mine in a trust then it's not subject to inheritance tax laws but I'm not doing that not yet anyway
Guinness too heavy for me prefer a Banks's or Pinot
One day when I get my yacht we'll crack open a bubbly :))

Hi Tom
I'm afraid it is subject to capital gains tax.
There's only 2 benefits of an ISA no capital gains tax and dividends aren't included in the income tax calculations.
I'm sure if Ggp get taken over your contribution might pay off the National Debt :)) only joking but seriously say they went to 50p and you got say 10m shares that would be £5m value , cost would be most £500,000 that's £4,500,000 profit that would still leave you with £2,800,000 that you would never have dreamt of having.
Have you thought of transferring shares to spouse, kids, grandkids
My friend has just opened an account for his grandkids with IG and transferred shares into it. Might have to sell and buy back not sure.
Chances of 50p :))) Rock on Tommy :)))

Hi Ben
You not interested in my 50p offer then :)))

Hi Wb
I think the Tw board have been very progressive in this crisis and have done extremely well, surprised the others haven't followed .
Odx are interesting as they have income from other tests such as allergens.
I'm still dabbling with hydrogen stocks, Itm have been fantastic investment for me and a punt with Phe H2 from waste plastic.
The one stock though I would suggest is Ggp it's not really taken off yet still waiting for resource estimate.
Have a good weekend oh I mean lockdown:((

From the Rns 1st April it states that Newcrest must spend 25m on a prefeasibilty study and they commenced stage3.
I've been reading lawinsider.com and there are a few scenarios for this study.
A prefeasibility study is used to determine the economical viability and whether to proceed to a full study. It takes in factors that may effect the project i.e. Mine design, community issues, environmental, safety and resource estimate.
The mine design needs to be done for the study to show that the project is viable, but Newcrest are saying they will be starting the decline before Xmas.
I keep hearing from people I know and from some posts on here that it's too early for the mine operations, I'm presuming it's because the pre and feasibility studies haven't been done.
From that web site a partial prefeasibility study is possible, estimates can range +/- 20 or 30% of reserves
Probably not got it right but it looks to me the following might be happening:-
Drilling to study the geology for the design of the decline
A partial mine design
A rough maiden resource
Approvals
Start the decline
This is this year not next as far as I can make out
For people who are saying this is too soon may have to get their skates on :)))