Given the circumstances I think this was an excellent presentation, and that hasnt always been the case. Different audience so a different slant with a lot more on the 12 other prospects and the mine development. Also re-committed to the CGP bid, which I still find odd. Lots to mull over and while the elephants in the room of funding and drill permits havent been addressed, or gone away, it still looks like a brilliant long term investment. All IMHO of course!!
If NC did want to bid 3p, why wouldnt they just go into the market and hoover up whatever they could get below 3p? I bet they would get 20%, which if nothing else would give them a strategic stake, board seat etc. Plus we would get rid of all those pesky sellers! Dawn raids seem to be a thing of the past these days. Hanson did it all the time.
As we had discussed a few days ago, if BH was not good news, today would be a good day to get it out. If we dont get news today or tomorrow, maybe it isnt bad news, which would obviously be very very good news!
Of course news is coming soon, cos they told us it was imminent. 9 months ago, 8 months ago, 7 months ago etc. One day in the next year or two they will be able to say ‘I told you so’. Would love to know the Australian definition of imminent.
I am pretty certain he is a Geo. Sadly there are a lot of people whose English is not that good despite being their mother tongue. Sometimes its funny, sometimes sad. I had an Oxford educated boss who couldn't spell or write. An engineer by training. How he got into Oxford beats me. But all of that doesn't make anyone a bad geo, a bad person, or someone without the ability to write good stuff on here. I like his stuff so please continue.
Think I might put the risk slightly higher than zero kieffy, otherwise you would be selling everything to buy GGP including the house and the shirt on your back! Happy to accept that the chances on it going up are slightly greater than down, but there isnt much that is zero risk in the world.
Yesterdays discussion was quite complicated, but if you did the cross referencing it was just about ok to follow, though it did interrupt my cricket watching. It was between a few well respected posters and as such its worth understanding. Mind you if you arent 'all in' in this share it probably wont make a difference. For those that are, spend a couple of hours getting your head around it. The names that News uses are only part of their moniker, though I am not sure why!!
There does appear to be a theme that not only extending at depth but the mineralisation seems to increase. For those that know, is this normal and does it signify anything, apart from the bleeding obvious?
Wonder what that means? Probably something imminent....... Just had a quick look through the pdf. A large amount of the slides were on the other 12 priorities. Maybe we are getting some permits?
Schlemiel, welcome back and thanks for a great find. I think the note is pretty spot on as to the options and potential. MRE3 will bring a much larger resource and higher NPV, but I have always been excited by the potential of further Alpalas in the remaining 12 disciples.
From a financing perspective, I can see the big commodity traders looking at some sort of offtake agreement, Glencore, Trafigura and Vitol do these things all the time, but I dont know what implied interest rate they use. I wouldnt trust Elliot with thrupence of my money.