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Hi, Legal
I sent him an email on 15th April, asking (i) if the due diligence procedure was done by himself and Louis, or by lawyers and accountants; and (ii) if he would be on site for the drilling. He answered on 16th (Western Australia time, I think); (i) the latter, (ii) yes.
That is the only contact I've had with him; I don't want to bother him, for he's got better things to do with his time than reply to a 1% shareholder. But I will send him a congrats email, if this MMA transaction goes through.
Hi, Rob
Take it easy on the irony. Brad deserves his salary; I wouldn't fancy that long flight from Australia to Colombia, still less being stung by a scorpion, which is a risk he now runs every day and every night (if he's on site, which he told me he would be).
As for the state pension, I'm not complaining.
As Brad said in yesterday's tweet, he's "chasing out the scorpions." I only wish we could do the same.
Hi, Sharetrader @11.03
You're being too generous to bhargav, when you say in line 5 that he has changed. He's always insulted other people, for example Sotolo in 2021 (though he has recently had the decency to say that Sotolo was right).
As for the filtering, I've done the same.
Hi, Jambor @9.50
I don't agree with you on this. If it was so, Brad (or the board) would not have decided to drop the Ariquemes tin project in Brazil.
"Dusting off the camp getting ready for reoccupation - giving it a hose out and chasing out the scorpions. The Four Seasons it aint.
A large group heading out next week including several drilling contractors to assess logistics in order to finalise plans and prices."
https://twitter.com/OrosurM/status/1787648644029853920
I've never trusted Newmont. They walked away from Greatland Gold in January 2018, and then stabbed us in the back with the care and maintenance agreement.
Brad probably feels he has to keep on the right side of them, because they own 14% of the shares; but in my view, the sooner they leave the tent, the better. Preferably with Captain Oates' last words, "I am just going outside, I may be some time."
One has to bear in mind, it's not just the salaries of the directors; but also those of three geologists (two of whom are named on the website), plus an unspecified number of other workers ("the lads" as Brad recently called them). Exploration requires a labour force.
A touch of blue cheers the troubled soul.
"Agnico last night only beat consensus by 25% (need to lift their game clearly) and only up 5%, but were already at 52 week highs.
Key point in both however is that while revenues up strongly, costs were contained, and so margin growth was strong. Analysts all no doubt scrambling to adjust forecasts and we will, simply by virtue of size, see of lot of buying to balance portfolios.
All good for the sector in general." OMI tweet today.
Day after day, day after day,
We stuck, nor breath nor motion;
As idle as a painted ship
Upon a painted ocean.
Hi, Chicken, Sharetrader and Legal
Thanks for some sensible posts. I don't understand the motivation of bhargav and leematt in trashing the company; looks more like a personal vendetta than a paid hit-job. But they have enough energy and commitment to dominate the chatboard, which is unfortunate and off-putting to potential investors.
Brad told me in an email of 16th April, "The DD is mostly being undertaken by external legal and accounting teams as is best practice. " So Sharetrader is right to say that the delay is outside Brad's control.
Bhargav's very attached to the .... Leematt uses them very seldom; but this could of course be a managed difference.
Coleridge claimed that he could immediately recognise five lines by Wordsworth, without being told by whom they were written; but then we're not dealing with words that are worth much at the present time.
Hi, Legal
I feel I have a duty to defend the reputation of alcohol. I often post messages under the influence; and when I read them the next day, the grammar and spelling are perfect. It's just the opinions that are bizarre.
Hi, Sharetrader
This is a difficult one to decide, on stylistic grounds. My own view is that they are two separate people; bhargav's mistakes of grammar and spelling happen, because english is not his first language; and leematt's, because he's not very well educated. Leematt has a better mastery of colloquial english, e.g. "never heard so much rubbish in my entire life."
But they do have three things in common; they are addicted to attacking our CEO, demolishing our faith in the company, and posting frequent messages. As I post frequently too, perhaps both are masks for myself, who knows?
Best wishes
Loose is OK, chicken. Spelling only got standarised in the mid 18th c. The duke of Marlborough's spelling was all over the place; but that didn't stop him winning the battle of Blenheim.
Hi, TJ
I have looked through your past posts, and (speaking as a literary critic) they're a real pleasure to read. The difference between us, is that I'm too polite to denounce anyone as "mentally deranged" or "childish," perhaps because my own eccentricities are well-developed.
Best wishes
Sotolo's posts on Centamin, Tharisa and Hochschild are excellent, and well worth reading. But on the matter of OMI, I agree with Legal. It's all about market cycles and timing. And I think that Brad has done well, in difficult conditions. Newmont pulled the plug on the j.v. , not because Anza is garbage, but because (i) Colombian politics were adverse, and (ii) since the merger with Newcrest, Newmont has too many projects on its plate.
The only investment a buy and hold strategy works for, is an index tracker; that will carry you through a bear market into the next bull market with no problems; and you don't need to worry about it. I recommend it to Leematt.