The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Dip,
could it be that Newcrest actually do want to be taken over by Newmont, but that they want them to benefit from the Shenanigans that they have been up to over the last year or so, as they will be part of Newmont going forward? Perhaps they've let them into their little secret of how they want the lot, and if they play the same game they should be qet it cheap? The only caveat is that they give them a slightly better deal for their current share holders, and they won't spill the beans about how big Havieron actually is - least not yet. Win win for Newcrest and Newmont. Just a thought of course, not actual fact :)
Hi Speedy,
I was just wondering if Basel 4 was finally going to be the death of paper gold. If they do dodge Basel 4 then they’ll need to pay both financially and reputationally I would have thought. The banks won’t like that idea :)
Gerry
This has probably already been done to death, but why are all the central banks accumulating gold? Remember, Gold as per Basal 3 and now 4, is the only tier 1 asset. I wonder if the rise in the gold price is actually a recalibration as a result of Basel 4, and not just due to all the money the world has printed.
I found this interesting:
https://www.youtube.com/watch?v=8cW3kEHCQso
GLA
Have a look at this
Hi there,
I’m trying to put my nerves to rest. I remember watching or reading somewhere that we currently have 6 rigs churning at Havieron. Can anyone confirm this? I don’t think Newcrest would still be aggressively drilling Havieron if they were thinking to delay or pull out of the JV. As such, it would be good to know the number of rigs.
Thanks and ATB.
Guys,
Have a look at Newcrest’s diggers and dealers presentation. One of the main agendas for Newcrest was to spread the word that they were actively searching for new junior explorer JV’s. They were pushing this big time. Have a listen to the very end. Who do you think they were touting as the success story for this new bold business model? Who do you think they are putting forward as The flag ship example of how great a JV partner Newcrest is? Do you really think they are going to deliberately scupper this new partnership model right at the start of this new venture? A lot is riding on this working, IMHO. I’ll let you make up your own mind.
https://youtu.be/MJjT_wEHPx8
I agree - so much has already been invested in this mine. I’m not worried about my investment. I’ve seen nothing negative so far. Just need to hold tight :) I’m looking forward to see what happens when the FS and decision to mine are announced. The next step after that is development, but we all know that started long ago. Will we see a recalibration over night to make up for the progress already made. It’s going to be exciting :) ATB.
I tend to think that the shorts are educated plays based on the Lassonde curve. The mm’s and pi’s no that without any more major finds, based only on Havieron, that the share price is going to go down until the decision to mine is made. In saying that, if Newcrest take up the 5% option, then isn’t that as good as a decision to mine? Why the heck would anyone hand over 60 million dollars for nothing? When the decision to mine finally comes, I’m hoping the share price shoots back up to 25p in the blink of an eye… and then onwards and upwards as we approach production. The Lassonde curve says we are exactly where we should be right at this minute, which is difficult to stomach, but reassuring for the future… because we are going exactly to plan. Tick Tock. Patience :) AIMHO