Member Info for JoeBass

To next drilling update.
News on Scallywag will arrive before that imo, it's not inconceivable for Hannams target to be breached in these next 18 market days.
Trade this at your peril, if we get to know significant info wrt the sw, then a serious uplift is on the cards.

sasa43,

I hope your typo is not an omen for when we see the results, ;-o

sasa43,

Thank you for your time sasa, much appreciated.

"What I mean RTC is that you seem to be holding this time"

Who gives a fork what he's doing, why are you so infatuated with him ?
Get a life and move on.
Too many higher than thou, narcissistic people hear, all to interested in putting others down.

Chippy,

I guess that answers my earlier question,

"How accurate are these figures and how did they arrive at them ? They seem very specific numbers.
Also, is that the end of the HGZ ?....... doubt it."

"The Hannam valuation at 4.4m oz is based on HGZ gold at 6.7g/t"

How accurate are these figures and how did they arrive at them ? They seem very specific numbers.
Also, is that the end of the HGZ ?....... doubt it.

"they cant keep this pegged back forever."

Yes they can, cus that's what they do and with the govt being complicit, you're fooked.

TomE,
"Yes agree and IMO the only reason why this has not passed it by now is that I think there are a load of sell limits at 9p so the MM's are holding it back. Well that's my thoughts on the current SP."

Completely agree, the spivs are the devil.

I think it's possible to now calculate, with all known knowns, that 2p per moz is not far from the truth.
10 moz = 20p and so on.

As betting men, as we are, putting money in AIM stocks.
I wouldn't bet against Rio making a jv play for Scallywag, even tho NC have first refusal.
We do share a tenement border with them, I think it remiss of Rio to not even try.
Watch this space wrt Rio and Scallywag.

The sp will have a 100% up day, but what do you think will be the catalyst for that to happen ?

Sentiment,
Corporate news,
Field update,
Rumour
Other,

I hope that when GH signs a jv for SW, he doesn't allow himself to be news gagged as is the case with Hav drilling.

The J/V agreement says, NCM have the option to purchase a further 5% following completion stage 4, this allows GGP to achieve a fair value offer.
Without completing J/V agreement, fair value cannot be obtained, that would be detrimental to GGP.

Unless another major makes a move for GGP/Havieron, then NCM need only to complete J/V and then make a move.
Why would GH sell 5% + 25% of Haverion before full value is obtained ?
And for that matter, why would you ?
NCM don't have sole rights to 5% until they complete their end of the deal.
Why do you think they're going at breakneck speed ? Gold price prediction $3,000 oz in 24 months and Telfers economics, that's why.

Remember, NCM have a clear path to 75% of potentially 30+ moz for the measly sum of $65 million. Deal of the century, wouldn't you say ?

Unless there is some major corporate move on GGP/Havieron by A N Other, Newcrest need to do nothing wrt 5% + 25% of Haverion this year.
GGP only need to allow NCM to see through their part of the agreement. Full value $$$.

We have the money to drill SW, then if that strikes GH can ask for a blank cheque, unlike the great Haverion giveaway.
Let's hope what value we lost on the Hav deal, we get back on the others.

For the avoidance of doubt, I'm not criticizing GH, The Hav deal is the company maker.

When you witness SB in this mode, it really is mind boggling as to what's down there.
We don't even know what percentage of mineralisation we have found to date.
How deep, how long, how wide in total ?
What's the overall grade?

"March 2020 qtr and 0.93 g/t FY 2020 YTD" @ 10 times, that's putting 9.3 g/t on the table,
It's inconceivable that NCM wont mine Haverion, but you need to consider this, would it be too expensive for them to find what value they want from our 30%

There will be 2 valuations, GGP and NCM will definitely differ, don't discount a no deal.

GGP will at the right time, have a very good understanding of what's down there,
right now, GGP, NCM and shareholders seem to get it, the odd ones out are the spivs, those who know the price of everything and the value of sweet FA.

Any left field interest from A N Other, will blow the spivs doors clean off.

IMO, NCM are in a very difficult place right now,
But being this is a huge gold find, the most sought after mineral in the world, and would blow your earnings sky high, you've got to ask yourself one question: 'Do I feel lucky?' Well, do you, Sandeep?

"A symmetrical open plane curve formed by the intersection of a cone with a plane parallel to its side. The path of a projectile under the influence of gravity ideally follows a curve of this shape."

All criticism of management aside,

The 2018 drill update was described as substantial to the upside and would have a material impact on npv.
We also know the numbers are in management hands, as proved by Mckays comment on Dec 4th 2019 at an investor presentation "will be public by end of year"

What genuine plausible reason could there be for such delay from 2018 to near mid 2020 ?
5 months on from official comment from company executive and still silence.
This information is fundamental to establishing potential company valuation.

We haven't even had a courtesy holding statement outlining reason for this massive delay.
It's extremely difficult holding any trust or confidence in the BOD, when no explanation is given and we continue to see horrific cheap dilution.

What could possibly be the reason that the owners of the company are having this data withheld from them ?

The CEO continually states "The Company will continue to update investors regularly and in detail on its progress."

Can anyone offer any plausible explanation for this inexplicable delay ?

Hi sasa43, sorry to call on you for this, but you generally have a voice of reason.
Can you see anything that could continue this silence wrt this hugely overdue update?

Thanks in advance.

"Very well said a balanced post and yes it can rocket beyond 50p"

Yes, but for that to happen, something substantial from current knowledge must happen.

"Some investors must have lost a lot"

Then, they are not investors .

"Yep. People got robbed this morning."

They can only blame themselves, no sympathy from me, traders take that risk.

Correction,

exchange rate, ,,, 17p,,,,,34p,,,,51p

So, at price margin of $742 an ounce.
10 moz / 30% =3 moz @ $300 = 17p
20 moz / 30% = 6 moz @ $300 = 34p
30 blah blah,,,,,,,,,,,,,,,,,,,,,,,,,,,,,= 51p

Correction,

exchange rate, ,,, 17p,,,,,34p,,,,51p