We would love to hear your thoughts about our site and services, please take our survey here.
The final statement from SB is that the release of MRE2 and the negotiations for 5% FMV are not linked.
Thank you Lenz & TT
The answer is Yes I am mis-reading the documents!
I will lie down on the sofa now for my afternoon nap
I have just re-read the farm in agreement (extract below) and I am puzzled.
The original farm-in agreement appears to state a Feasibility study NOT a Pre-Feasibility Study to acquire the 5% at FMV.
Stage 4 “. . . . . completes and delivers, or incurs no less than US$20 million by way of Expenditure toward the carrying out of, a FEASABILITY STUDY . . . . (Stage 4 Commitment)”
“(Additional Farm-in) within a period of 12 months from the date following satisfaction of the Stage 4 Commitment (Additional Period), Newcrest shall have an option . . . . . to acquire an additional 5% Farm-in Interest at fair market value.”
Extracted from: "Greatland Gold Signs US$65m Farm-In Agreement with Newcrest to Advance Havieron"
12 March 2019
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xp4py3x
Further I cannot anything in the later JV document that changes the commitment from FS to PFS.
It appears to only move the PFS from stage 3 to stage 4
"Greatland Signs Two Joint Venture Agreements and Secures Funding for Havieron "
30 November 2020
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w1je54w
So on what basis are Newcrest claiming the 5% on completion of PFS when the documents appear to state FS?
Am I mis-reading these documents and or can anyone point me to a document where the 5% is dependant on delivery of a PFS instead of the FS as stated in the original document.
Thank you
Hi Tom
Ah yes, I think I see where your coming from.
That was to Tom the head of investor relations at NCM
Have a very good evening
I think I was reasonably polite:
Dear Tom ,
I note that the Interim Exploration Report does not appear on the Key Dates page. Would it be possible in future to include this very much looked forward to report in said page.
In the meantime, can you please confirm the date of this report?
Thank you so very much
Kind Regards
CTC
For some reason NCM do not include the Interim Exploration Report on their Key Dates page unlike the quarterly results that have the quarterly exploration report attached.
I have just emailed TD the head of investor relations and suggested that this keenly anticipated report is included in future Key Dates and to let us know the date of this next one.
Having Looked at the last half dozen reports, I might expect the next Interim Exploration Update from Newcrest on the evening of 8 December in UK morning of the 9th in Oz.
The last seven interim updates have been released in the second week of the month and the last 6 of those were on Thursday.
The last five reports were exactly 13 weeks apart.
Thirteen weeks from the September report will be Thursday am 9 Dec in Oz
And therefore Wednesday night of the 8 Dec in the UK.
Not a certainty . . . . . . . Probably.
5x5 "Andrew Forrest is developing hydrogen trunks"
I'll have me a pair of those, keep me testes warm in the long winter months.
Just refreshed the screen: They have all thankfully disappeared!!
This was on ADVFN
Panic over!!
628 LSE 3.375 1.403,363 O 16.60 16.90 17:41:43 0 0 1,403,364
A dozen or so trades going through at below 10p !!!!
For clarity its not a quote from the Newcrest website that's why it is not in quotes
Zoros You will have to ask BTB I just copied his post for the link.
That was his remark at the end of his post.
BTB Thank you for the link and I think its worth it own thread.
Newcrest: "We grow profitably measures:"
Extract:
"Add to our portfolio of Tier 1 and Tier 2 orebodies 2 - 3 greenfield discoveries"
(Are those greenfield discoveries already identified in the Juri JV? - speculation)
"Havieron in production"
https://www.newcrest.com/about-newcrest/our-company
The high grade ore will be reached around Aug next year and Havieron will become a tier 1 mine for decades to come.
Thank you BTB for the link
I am shocked to see how long this thread has continued for, 43 posts up to now.
I started this thread as a positive response to a thread started by a first time poster who only posted once
using the subject heading of "Complete Lack Of Reality On This Board"
Fortunately starting this thread meant that only 9 posts were made using that heading.
Otherwise there would of been 52 posts with that negative subject heading.
Thank you all for the positive responses.
Goodnight
picayune,
Thank you for such a brilliant post
Colin1 - "If a share continues to fall and doesn't recover over 8mnths then IMO and timeframe, I've caught a falling knife. IMO"
I first bought into GGP in 2018 at around 1.90p and kept buying "the falling knife" all the way down to 1.07p and averaged 1.38p.
If I had followed your timeline I would have bailed out just before the farm in agreement at a loss.
I will stick to my opinion, you can stick to yours.
"If the circumstances that led to the falling knife are temporary or do not alter a buy and hold investor's case for investing, then a falling knife could be a buying opportunity. For traders and those with a shorter timeframe, it is difficult to time bullish trades correctly." Investopedia
I can agree with some of your points Bunky but to state a "Complete lack of reality" is untrue.
There are some very good posts on here from well informed and researched posters.
I will continue to hold and when cash become available I will most certainly buy on the dip.
Thank you MFU
Yes otherwise replying with the negative post is promoting the negative post
with many contributors posting thoughtful and considered opinions.
Yes there are rampers, derampers trolls and disruptors but i consider this to be one of the best share chats
I have followed this board for nearly 3 years and will continue to do so.
Thank you to all who make a positive contribution here.