Member Info for kempey

you must be winding us up Investor 6!! no intelligent adult investor in minerals would ask that! That's what my 5 year old said to me ' why don' t you just dig all the gold up' I explained to him the complexity of mining at depth, the cost and the processes to produce it from ore and he understood straight away!!!

I'm assuming by the 14% drop they were two big sells...unknown because they were bang on the midpoint. If sells I am surprised they got that price for 50m each trade. I would have thought nearer to .21 would have been the price. I hope its not Director sells and I doubt PI's have built up 50m pots though it possible. Do we have institutional investors? Have a couple of million of these but more focussed in other areas thinking these are very long term especially since the dive in oil price.

....could be big unreported seller in the background!! Didnt some large sells appear at the end of the day yesterday after lots of buying during the day?

a distinct possibility is that NC offer the same deal to prove up SW and yes I accept GGP will probably get more than £65m. If they do I cant see NC buying out the remaining 30/25% of both if SW is just as big in terms of mineralisation. The cost would be north of £2b if Havs 30% is thought to be £1b. Are NC big enough to pay that? I suppose there would be a delay in bringing SW on stream so Hav would be producing. Institutional Investors might fund the purchase in that situation. Equally being next to Rios tenement NC may let them take on the drilling and proving up. Either way GGPs value can only increase.

Welshfalcon...nice summing up of the situation here. SW would in my opinion be too expensive to buy for NC if they buy Hav. I can see them offering the same amount they did for Hav to buy 70% of the resource. £65m is a small amount to pay to prove up such a large resource. Rio is a distinct possibility to eventually buy if SW turns out to be another Hav. Does Telfer process ore for other companies other than NC?

Welshfalcon...nice summing up of the situation here. SW would in my opinion be too expensive to buy for NC if they buy Hav. I can see them offering the same amount they did for Hav to buy 70% of the resource. £65m is a small amount to pay for

An excellent presentation Magictrades. Very informative and reassuring that the geology is very similar to Telfer. Thank you so much for putting the time into this. It really is appreciated.

What's even sadder is the watchers watching the watchers all day. Probably lost on you RRR.

Tiggerman...totally agree!! Problem is most are not clever enough to understand the research or can't be bothered. They are just after a quick buck off the back of well researched LTH's deliberations.

As Schlemiel says the buy/ sell data is totally inaccurate though a 4 to 1 ratio indicates a large NT being filled. 2 to 1 ratio to my mind is simply inaccurate data but 4:1 is beyond inaccurate.

They may be filling a substantial buy order at a fixed price (NT) and having to take the price down to make it profitable

Technology has moved on since the 1990's and become more accurate in pinpointing potential mineral deposits. NC found gold but not in the quantities they deemed profitable. Also mining techniques have substantially improved and advances in underground mining given that there is 400m of sedimentary rock above the intrusion make this deposit more viable.

who decides what is 'at best' ?

so you can work out whether or not they are struggling for shares by how far back the order started. I guess they have to be able to buy lower than the order purchase price so keep or drop the share price down accordingly.

Thanks Tom. Normally would but only have phone at the moment and on the move. So good run after 9.26p.

finding tough resistance at 9p. Anyone know the next resistance point after 9p.

iPad.. NC have taken over the exploration drilling and will shortly own 70% of the asset so the MRE will be NC's. No doubt GGP will be consulted as the JV partner.

Madchatter...No one knows at the moment and any estimate is a pure guess. That's why they are drilling to establish an MRE.

My geology is very rusty but a geophysical anomaly is a variation from normal background patterns of measured physical properties of the Earth's upper crust (e.g., magnetism), which can be attributed to localised near-surface or subsurface materials such as metallic mineral deposits. A geochemical anomaly is a departure from the geochemical patterns that are normal for a given area. A analogue anomaly I would suggest therefore is a variation in radio or sound waves/ signals indicated in a data logger and presumably the extensions referred to means that it is not uniform but is shown extending in various directions. Its a variation from the expected be it rock type, thickness, strata, mineral deposit etc. Analogue signals are converted to numbers and stored digitally I believe.

Aurora1.....I stand corrected. I have just double checked and you are correct 12p (from 6p). I thought they had moved it up by 3p from 6p a few weeks ago but clearly not which is a good sign and shows the confidence the shareholders have in the company and its assets. On this basis there is no reason not to expect the share price to creep up to the 15p mark over the next 3 months as I do believe NUMIS's TP will be conservative.