Your absolutely correct. In that case lets delay news until after that date. Let the buggers expire. They are a thorn in this SP. A private placing will raise much more
The share register gets filled.
No one notice 212m warrants have just expired? Correct me if I'm wrong. Re 27/7/18 RNS...... (£98k buy on the first trading day)
Ever wonder why the JV was so huge? You would be very hard pressed to find a similar JV with that kind of capital spend. Hardly like GGP were in a position of strength. I'd say they would of taken a 2/4m year one.
There was another at that table. Anyone that has done any research will know a block cave mine would be 6 years away minimum. So that throws an early Telfer feed out the question.
The hawks are flying and someone wants to build a big asset base fast...
Paddy, the first block cave mine in Australia was 1995 by Northparkes. You would of needed big grades to warrant a conventional underground mine because the costs are far greater. This could indeed be why Newcrest didn't follow it up at the time.
Now however there are 2 leaders in block cave mining, Rio & Newcrest
To see what avg grades Newcrest will work with on an underground block cave mine
Newcrest plans to convert Red Chris into an underground block cave — similar to its flagship Cadia East mine in Australia — which Biswas said would lower the cost of the overall operation to under US$800 an ounce of gold.
It marks the company’s first operating mine in North America, and Biswas said he hopes to ramp up production to the equivalent of 300,000 ounces of gold equivalent per year. The project has a mineral resource of 20 million ounces of gold at .34 grams per ton and 5.9 million tons of copper at .32 per cent.
Think we can agree that 1 x drill = approx 300m per week. From that you can work out far more has been drilled by Newcrest to date.
Quite how DJ has come up with £500k back office and lab costs to date is pure and utter nonsense.
11m warrants expire 1st October. Not a huge amount but worth noting
Anyone notice the Hav peaked at 4104 ppm Cobalt? Off the scale. I'd be very interested to see more detailed intercept data on that.
So there's 2 minerals that one big major is more interested in than the other.
Why did Rio pull the plug on a profitable coal business? Because large investment funds are moving out of polluting mineral miners. Rio will be in gold, it will be a very healthy addition to what they really want. Copper & cobalt. Part of the solution, not the problem is the CEOs motto for going forward.
Initial MMI results from Scallywag were 3 - 4 x copper ppm than Hav, and look at Havs grades for copper.
I'd be out of that company faster than a rat up a drain pipe
No one is prepared to play their cards Paddy. When one goes the other must show theirs. Rio shall be in gold
We were all looking at Quarterly Updates but not looking further. NC will release Exploration Updates when they have something to report (or when they want people to know) The last exploration report before this one was Dec 2017. So we don't know for sure but one may assume HAD11 assay results might be reported.
IMO NC don't want GGPs SP to slide, for obvious reasons and neither do they want it to explode (at this stage)
Many things at play here.
Cheers Paddy. But I think an exploration appraisal may be given but awaiting assay results will be for the August Exploration Update
Refer to paragraph 7
https://www.spglobal.com/marketintelligence/en/news-insights/trending/jFgTuKCPDhlK5THpN5Euqg2
Quite some 'strategic' positioning GGP have there isn't it? Open to north and south?
Think they might be getting a knock on the door before then Tiburn don't you?
The hawks are circling Paddy
280m a week with 2 drills going 24/7. Not a chance. Wakey wakey..
That's where I would go Paddy
Sides are splitting....... ffs
Keep a close eye on Rio Paddy ..... you don't send a 3rd, then a 4th drill on those results alone. This is being played down for now