Member Info for JerseyCrew

I meant to say that the SP was torn - not the Balance sheet - that is clearly down to accounting rules.

Ok - one for the accountants out there - I am assuming that once there is an MRE that a certain figure can be included in the balance sheet as a reserve - is that correct? If that is the case then we are torn between an accounting rule and sentiment when it comes to balance sheet valuation which will be a large factor for consideration in any II investment. If that is the case then the real re-rate based on technicals will come later in the year with the MRE and until then it is sentiment and traders that continue to call the shots?
Thoughts?
ATB

from both parties" - GH quote today
Love it!

Oldtimer - the contract for the Farm In agreement will ensure that Newcrest has to share it's drill results with GGP. A company of this size and with this amount of investor and regulatory scrutiny would not put a step wrong. Can you imagine the repetitional damage? We need to apply common sense here and anyone who has worked for a PLC at any kind of senior managerial level will understand the corporate governance issues which will apply as well as basis contract law.
ATB

JE - sorry to labour the point but given our portfolio just how would anyone assess fair value. The governance from both companies around any such proposal is mind numbing and it would have to be accepted by the majority of GGP shareholders. To persuade me to say YES, the offer at this stage would have to be a minimum of 50p (long term minimum potential value imo - i.e. 5 /7 years+) - I doubt that would sit well with the Newcrest shareholders though.
Genuinely interested in the detail behind some of the thoughts being put out here this morning.
ATB

How would that happen though Oldtimer?

JE - the big question is though - how would anyone value Haverion at this time, let alone the company? I still don't see it personally.
Interesting one to ponder though.
ATB

Enough said!

As we digest the latest superb results I keep thinking about the future Patterson exploration programme. The size of the opportunity within the licences is truly staggering.
Thanks again to Paddy for helping many to keep the faith over the last 12 months and we'll done again to our excellent BoD.
Opening SP will be interesting. I still have some cash to further to top up as I have been doing over the last few days. Suspect I will struggle to match the 4.1p I achieved towards the end of play yesterday though!
ATB

and yet up 10.7%
mmmmmmmmm - funny old game!

Aha. Did not know that Paddy. Quite possible.
ATB

I am wary of jumping to conclusions but what other aircraft will be flying around here other than one chartered by Newcrest. The timing of the release with black Monday can not be a coincidence. An unofficial snippet without commentary to help offset general market sentiment?

Fascinating to see a different perspective on what we have been looking at on the sat images.

South Korea / Coronavirus and lack of funding news together with world stock sell offs is not helping (an understatement). However - get the funding in place and a plan to extract the gold - the worlds safe haven and the SP should turn around very very swiftly. Great buying opportunity but hard as with all stocks to call the bottom at the moment.
GLA!

I thought that they intend to issue 6 month updates Chain (RNS 4th Feb refers) on utilisation of the Block Admission so doubt we will hear specific prior to August unless they are fully utilised before then.

Everyone needs to remember that no one loses or wins until they sell......
I am not selling - I am currently buying and have been for a couple of days now - yes if I had waited until the last 10 minutes today I would have a lot more but I have still topped up several times under 5p which was my intent 2 weeks ago so I am still on track with my strategy.
Good luck with whatever strategy you are playing to out there!
ATB

Is creating buying opportunities. The recent downward pressure will not impact on the companies ability to continue its Patterson exploration and not will it impact on Newcrest continuing to prove up Haverion. Looking at this stock in isolation it's all good here imo.
ATB

Agreed Paddy and confirmation that there is no need to raise cash in the near term. Full steam ahead!
ATB

I am starting to be intrigued at just what GH is going to deliver in the next RNS. My interest and attention is very much on the next exploration plans - the scope and pace. I wouldn't say Haverion is in the rear view mirror just yet but I am genuinely excited at what GH is going to pull out of the hat. I feel sure that I am going to like whatever it is - he hasn't failed yet!
ATB

Green73 - the deal would still have to be accepted by us shareholders - it wouldn't get my votes. I trust GH and the BoD to deliver the long term goods here so whilst doubling your money would be attractive normally - not so in this case in my long term view.
ATB