Member Info for Bebeto

There's definitely a deal in the air, it's in the RNS:

"is taking advice on the priorities of potential investors, "

Definitely, couldn't get filled on any decent size chunks

NT for me was a little over ambitious and couldn't get in...

"The Board is exploring a range of alternative structures and investment strategies and is taking advice on the priorities of potential investors,"

Sounds like big investors moving in.

Gold is just one of the places people their money into during uncertain times. If the economic downturn is as harsh as some predict then they'll be some real bargain opportunities for savvy investors.

GGP on the other hand, could go from being a gold explorer to a gold producer (through Newcrest).

Exactly no change just an extension. Will increase holding if there's a big enough drop otherwise happy to hold.

Agree, Dbay will be making adjustments to the balance sheet going forward with most of the decisions pre-planned. Highly likely to re-finance the whole debts, possibly with new lower corporate bonds to reduce the outflow costs. The recent un-forecasted upturn in demand, along with lower cost fuel prices, will also have a positive effect on the balance sheet too.

We shall see as we know they don't need working capital or liquidity, so there must be an asset or debt refinancing in the pipeline.

Truth, I respect your opinions regarding ESL & Dbay but the foundations of your arguments subsides, as Dbay/ESL didn't have to do a deal for extension, they could have just gone back into suspension and carried out your opinions that way.

Well done Magic, anyone can see your level of understanding is above any research.

Good luck with all your investments.

Looking forward to the MRE report.

We knew that Newcrest had been moving money around and to re-finance their debt at this time makes perfect sense.

It's just a timeline extension of where we've been since February.

No conspiracy behind the time of RNS was released, deal done and released straight to market, only small trades afterwards as confirmation.

Dbay are a class act with a strong reputation, glad they're on-board.

Bladey, I think you're onto something.!

We already know that the company has liquidity and working capital.

So they must be going to buy an asset.!

"Directors believe that substantially more will need to be raised for the Company to support an ongoing investing policy. "

Also we could well be looking at institutional placing ;

"The Board is exploring a range of alternative structures and investment strategies and is taking advice on the priorities of potential investors,"

Wasn't expecting that RNS, as thought PIK notes constituted a fundraise?!

Well not much has really changed, as they should have had fundraise by now and they have an extension until December 9th, no need to panic as we know the company is doing well, at this time.

Here an example of a breccia pipe mine;

http://www.portergeo.com.au/database/mineinfo-mb.asp?mineid=mn528

We shall see, there's plenty of time left in today's session. New chairman has been in over a month, let's see what he can conjure up.

Slow & steady under the radar tick up everyday will do me just fine.

Agree, also they will be benefiting from drop in fuel prices too.!

I particularly like the way this treatment is administered, I'm not a Doctor but everyone can see it's going directly to where it needs to be.

Buy & hold.

Good decision, there's signs already that oil demand is starting to increase. This is a buy & hold all day long.