Member Info for Culpepper

Thankyou. And a link.

I think you give them too much credit - boredom, they get a poor to signal, something like that.

“If they decide to stop Havieron then they will have to pay for closing Telfer and closing Havieron. This will be big costs. Do they have another option? What am I missing?”

It’s an ongoing problem with this particular board, isn’t it. Nobody ‘missing” anything. Posts and posts of bull****, and little in between.

The JV agreement as far as I am aware has not been published. It will obviously take account of particular circumstances, and seek to protect the interests of each side. Unless anybody here has read it, they cannot know what is in it.

The 5% option thing is done and dusted, and it is unlikely this board will get beyond the public statements to the Ncm insider thinking, in the event there’s anything more to it.
I know it’ll carry on in the absence of anything new, as this board does every day. Bit like a nagging old woman.

I’d like to see some evidence for the opinion that NCM conspire to shoot down their own JV.

It’ll be pretty obvious to lenders that expecting early interest on loans designed to take GGP to income would be pretty self-defeating. One can reasonably expect a deferred repayment, such as a roll up, payment end of term, agreement.
And yes, if the loan and interest is convertible to shares, by production time if all goes well and particularly if the sp exceeds the conversion price then lenders will be content.

A follow-on is another name for a placing, the company already trading following the Initial Public Offering. Jargon.

are peeing into the wind just now. It gets better when you stop.

Nothing overly transparent where Mxc, Smith and Wheeler are involved.

https://www.lse.co.uk/rns/AMRQ/q2-financial-results-and-operational-update-uk4995zjewrqii1.html
Sample results to come this year.

£390k buy today. It is a buy on the chart.

Not expecting any surprises. Well, wouldn’t be a surprise if I was, would it. More steady progress etc from Q1, and a nice little story about the additional impetus on strategic minerals. Advantageous diversification sort of thing.
It should provide at least a useful summary of how they see themselves following the change from Aex gold to Amaroq strategic minerals.

Somebody earlier already worrying about interest payments. It would not be unusual for interest payments to be rolled up and payable end of loan term. Ie. When the company can better fund them from income.

Reference one or two earlier comments, I see nothing in the RNS to suggest another placing. Tribeca are cornerstoning this. As such it would be usual for them to be given first dibs on loan notes, or whatever, as prime lenders.

The placing affords the opportunity for him and others to buy. Not much of a placing in the grand scheme of things really, is it?
Debt will likely follow, as most expected anyway.

The first step in an overall package, which on the face of it is coming together. Actually pretty minor dilution at this stage.

“Added absolutely nothing to what we already know.”
103 posts on here and nothing new.

Newcrest has upgraded Telfer operations to better accommodate Havieron. Newcrest see Havieron as providing surety to their own processing plant, and are thus able to better discount their own LOM considerations at Telfer post 2024. That has always been Newcrest’s broad approach.

Maguire’s analysis of March this year says what I like to hear as far as opportunity in the DIY business is concerned. But then, I’m biased.
https://valuesits.substack.com/p/wickes-group-plc-wixln