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Im not after a mine development plan ore anything complicated , just a update of the decline progress, ie 60 mts in the last 7 days, 900 mts to ore body etc , pretty uncomplicated and simple , no secretes given, I been here since Nov 2018 so no newby thank you.
S....b....,
I have, but find that diagrammed updates almost impossible to read, I would have something as important as the decline progress would have warranted a detailed diagram from starting point ( ground level ) to the ore extraction point ( top of the ore body ) , in meters /daily or weekly progress with the amount remaining to achieve " break through " bearing in mind that that dated progress update was 24th Aug 2022 !
Even though I really hate shorts for the damage they cause I must admit that they have been very successful with their financial exercise.
While all the necessary building blocks seem to be in place at Haverion I cannot see the GGP s p rising in a meaningful way until there is a discovery at Scallywag !!
Maybe Newcrest in not taking up the 5% share apart from the cost of that also could not justify the additional cost of the extra increase in start up costs that they also had to strump up with = imho a cheap skate short sighted company !!
NCM down approx 8.5% in a week , lowest price in over 5 years, imo without Havieron they do not have a very good futures outlook !
Unfortunately tonights trade will not be a comfortable experience but could be a buying opportunity !
There is no doubt in my mine that Newcrest wants to place GGP under pressure whereby they have to raise money, Im picking that they wanted and have the capacity to raise funds for the 5% but are gambling on the embarrassment that they have caused by not taking up the 5% to GGP.
Im hoping that if more funds are needed we the S Hers will be given a chance to participate and Im sure that we will raise the necessary required funds to take us through to mining , that will be a fantastic day and will show Newcrest that they have missed out on one of the better investment opportunities that has been on their plate for a very long time.
Full steam ahead Shaun !!