Member Info for Flashy500

Evening. Does anyone know the breakdown of NC revenue between copper and gold? As the pric eof copper is looking at a 5 year near low, and gold is on the up, would it make sense for NC to push things forward to get Haveriorn up and running even before the full MRE is put together? I've got a feeling that because of the COVID19 knock to copper prices and industry, they are seriously looking at GGP to redress this balance. So, full take over at the end of Stage 2 then . . . which means tomorrow! As they said on the Fast Show: "Nice!" (Maybe just a little optimistic but something is niggling at me. . . )

RNS tonight from NC then? Perhaps they've brought Haverion forward even more due to the gold price change - their other materials/ores aren't going to be so in demand if we have a massive economic slowdown so it makes sense to prioritise the shiny stuff.

Good call! But I reckon we'll break through - do you think news tonight / tomorrow about Stage 3? And an update on the mysterious new construction works going on? (It's beginning to read like the synopsis for a Biggles' novel!)

All 500 times! Anything to get it over the 5p line and into a new era!

Paddy - I think whenever the SP starts to hover you should put a picture of one of your holes on twitter! That will get 'em buying! I'm off now to cut back the roses as the wife is giving me vicious looks (quarantine fever setting) and I should have done this a few weeks ago - but my mind's been down under! GLA!

Sleep Scotty, and perchance to dream . . . of gold . . . lots and lots of lovely shiny gold . . .

88E is coming up next week - I have a small holding in that one from Feb and am currently down on it, was hoping for a top up but prob not going to be able to get in in time.

I also think they've probably stocked up on toilet rolls for the next few months! I'm reminded of one of the greatest sci-fi films of all time: Dark Star, where the crew are distraught when the whole supply of toilet roll gets ejected into space . . .

Whilst I agree there will be problems with these operations, wouldn't it take quite a big logistical problem to knock all the rigs offline at once? Obviously any problem would be exacerbated by COVID19 but I would imagine supplies to these areas would be considered critical and covered by key workers.

People should look at the Bank of Montreal presnetiation that Newcrest gave - think this is a link to the slide: https://seekingalpha.com/article/4244004-newcrest-mining-ncmgf-presents-bmo-capital-markets-global-metals-mining-conference-slideshow I think it's slide 18 that documents cash flow etc.

Sensible post - good call as well. There are gong to be roller coaster days ahead in the weeks to come. This is AIM and there's been no uncertainty like this for any of us before I'd say. Take a 6 -18 month view on this and it'll be excellent.

Applegarth: Interesting watching on the Jim Rickards link from March this year - he says the price of gold goes down as a crisis hits as people sell out to cover margin calls, but then others come in later and hoover it up - in 2008 this happened and it shot up from 09 - 11. As he quotes: "in a panic people don't sell what they want, they sell what they can." So 2 years down the link GGP will be a producer and the price of gold is likely to be a great deal higher.

Thanks for that - interesting read. 16 petajoules of gas, an agreement signed in Dec 2019, for over 3.5 years for Telfer which is a mine in decline (no pun intended). And it's only 45km from Havieron.

I do wonder how much the crash in oil prices will benefit out operation too. What's the cost of energy on a site like this? 40% of total op costs? So substantial savings here too.

Thanks for clarifying that Chester - my apologies - got carried away on a Sunday morning in bed . . . fiddling with my iphone alas. Good luck for tomorrow and the week ahead. A lot more chatter on these boards now we are all stuck at home....

Nice succinct analysis Chester18! $250 dollars on a 10m ounce is nicely higher than a single piddly billion though! Just imagine a SP north of 0.30p....yikes. Looking forward to the next few days and the completion of stage 2. Stay safe.

I think a more important question isn't about the cash position of GGP per say but also the position of Newcrest itself. The presentation they did to the Montreal Global Metals and Mining Conference last month seemed to indicate that their fundamentals were very strong. For me, the absolute worse case scenario is that something negatively impacts Newcrest (Chinese or general demand collapse, sudden change in currency value leaves them vulnerable, rise in protectionism hinders exports and trade etc etc) which alters their attitude and timetable with us. Now, I DON'T think that will happen in any way, and in fact macro economics is helping us at teh moment: price of gold up (though I don't think that really affects our SP as we don't as yet have any to sell to the market - it's still got to be extracted), and also the low price of oil thanks to the Saudia-Russia spat, which means our margins for mining / exploration / extraction will be better as energy costs lower. I do think that Australia will increase lockdown in the next fortnight however. What that means for isolated miners like GGP is uncertain, as they might be allowed to carry on.

Now at least the US has passed the stimulus package - so Monday the markets stand a fighting chance......have a good weekend.

Simples! You have to use his pride and aggression against him. It's all complicated psychology.
Now, slip a load of laxatives into his drink and that will loosen him up.
He'll become a lot more demur and less aggressive - most people do when they're clenching to high heaven to hold back a torrent. He might he even go home and self isolate for a week thinking he's got the virus. Job done!

And now Matt Han**** too.......we're running out of ministers!