Member Info for Bebeto

Cheap as chips, long way to go here.

I doubt whether there's any losers on this share, wasting focus on selling is just for day traders for everyone else, this share is up again today.!

There's another 300-500% to be had here.!

Your not going to find the gold amount or value of Havieron/GGP on a BB.

Newcrest has $2.8Bn liquidity with $1.4Bn made available in cash. They will have results showing a truer picture of gold in the the ground (only for Havieron) which they are likely to buy and most likely to J/V the other projects. The value of Havieron is most likely to be somewhere in the cash available of $1.4bn.

Newcrest will have a handle with what's in the ground and the more holes they dig the clearer the picture is.

They also still have $1.4Bn unused drawdown facility.

Therefore I suspect any bid to in the $1Bn range.

Why else would you you draw down $600M when you already have $800M in cash.?

Newcrest are definitely planning for something:

Balance Sheet
On 25 March 2020, Newcrest drew down US$600 million under its committed bilateral bank debt facilities to increase its cash on hand.

As at 31 March 2020, Newcrest had cash on hand of around US$1.4 billion and access to a further US$1.4 billion of liquidity in the form of undrawn committed bank facilities.

My buy order didn't get filled.. lockdown will continue along with the increased above forecast revenues.

In the meantime, the fundamentals are still the same. Company is now on a stable footing and generating increased revenues.

Excessive drop today, one man's loss is another man's gain.!

The shareprice is doing doing the complete opposite of how the business is performing, shareholders will be rewarded when the shareprice reflects the inflated revenues ESL is currently generating.

The shareprice is doing doing the complete opposite of how the business is performing, shareholders will be rewarded when the shareprice reflects the inflated revenues ESL is currently generating.

Agree, with food sales up around 30% higher than would have been forecast, translates into 30% higher workload for the haulage sector. ESL are in a prime position to benefit from this windfall.

Thanks for your replies, it's certainly a lot higher than the Ernest Giles days,, looking forward to the results.

GLA

Without knowing the price per ounce of unmined gold in the ground, then all calculations for the value of Havieron will be wrong.

Can someone explain how they have come up with the value of $200 per ounce of unmined gold in the ground? Thanks

Chartbuster, you are correct and we'll put.

GGP could also sell their slice to someone else other than NC too. There's plenty of J/V mines over there.

LSE was playing up all day for me.

Equal selling into a rise and buying into a fall in the same session makes Doji time.

Looking for a trend reversal to the North.