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I think there was no way that MMA we’re going to let OMI go into these JV discussions and agreements with a strong SP when they can delay operations and put OMI in a weaker position. The delay in progress on site does not matter to them, meanwhile they have put pressure on us during the negotiation stage. With SHs on the BODs back and not knowing when the 2 mill is coming it puts MMA in a stronger position when negotiating IMO.
I get the feeling this will turnaround at any point from now given the potential from 23 onwards. Got an Average of .6 and will be buying more but still not sure if this is the bottom like many others. Decisions decisions!
I don’t post on here very often but am invested with a decent holding. Just a question on the JV and the possibility that Exxon are involved. Surely if Exxon are everywhere in Wyoming they would have known about atomic selling before Copl, so why did they not get involved earlier? I know we have made a discovery since then but again Exxo
Take your point Broken, was it 70 odd million shares he had!? Can you be duped into buying that amount!?
We will never know.
Newcrest Mining Limited (Newcrest) (ASX, TSX, PNGX: NCM) is pleased to announce that it is proceeding with
the West Dome Stage 8 cutback at its Telfer operation, with the Newcrest Board approving a total investment
of A$214 million (~US$150 million) inclusive of mine operating costs and A$73 million (~US$51 million) of
capitalised production stripping. The cutback underpins continuity of operations at Telfer, with the mine now
expected to extend operations into early FY251.
Was invested here back in the Ed days, sold with slight loss and moved on. Now seems things are moving very positively and now back in. Interested to know if people think the bond payments and interest will hold this back next year or will the income from gas sales from Selva be that good to discount this happening ?
TIA
Thanks. Been here since Nov 21 so getting used to the gradual drop after news. I also cant see the warrants being exercised by Dec but can see the SP by then much higher than now and holding more as news is released . Got a reasonable holding at the moment and will be buying more but still thinking this may drop to 10 ish before further news.
GLA