Member Info for kempey

Jaguar7.... the price that investors bought in at will have no bearing on NC's decision to buyout GGP. It will be a commercial decision based on the profitability of the asset. NC has two JV's now so yes I would say 'claws deep' and Haveiron is looking to be a world class find. I would suggest an uplift of 40% on the brokers valuation as a starting offer given the growing potential. Another big find then its going to be an expensive buyout for NC. Shareholders would have to agree but some of the II's hold millions of the shares and in my experience the II's dictate what happens. My only hesitancy is that Shaun Day would not have taken the CEO job if there wasn't a surety of a major role and recompense if indeed this happened. Having said that this is business and it can be cut throat when millions, in fact billions are at stake!!

My screen showing no posts since yesterday at 18.24. Can't be right. Posts coming through on other boards! Will see if this one pops up. No response required.

Rambler minerals (LSE: RMM) in Canada is worth reading up on. I did and decided to buy a few million . Some big buys coming in. Its a gold and copper producing mine with proven reserves and recently refinanced so you would be getting in at the beginning. New highly rated CEO bought in who's a turnaround specialist. Could be a TO target as well. Worth a look at 0.32p.

5.00pm...wine time!! Wifes on her second glass!

Zoros.....When the divorce settlement comes through he'll be selling everything!!!

You make a very good point Welshfalcon.

From Newcrest board;

'"Newcrest Mining announced a Maiden Inferred resource at its 60% owned Havieron deposit last month, which lies NEXT door to its currently operating TELFER mine."

"The report has shown a resource of 3.4million ounces of gold and 160,000 tonnes of copper,
WITH AN AVERAGE GRADE THAT D W A R F S that of Telfer*s current reserve grade."

"Given the robust nature of Havieron, Newcrest has approved construction at the project, with the hope to be TRUCKING the HIGH-GRADE ORE to Telfer by 2024."

"This is because Havieron*s reserve grade DWARFS TELFER GRADES and could provide a MASSIVE BOOST TO RESERVES.

Link: https://seekingalpha.com/article/4399378-newcrest-mining-high-grade-havieron-resource-strengthens-investment-thesis

I knew Havieron was bigger but DWARFS TELFER GRADES in capital letters says it all. I'm amazed the market hasn't woken up to this after yesterdays report. A 1% rise is difficult to understand. I was expecting 5% at least.

Raising $15 billion presumably for acquisitions. I know they are into copper and in Australia though their copper mines I think are in South America. Would they be interested in Newcrest I wonder? $15 Billion is a hell of a lot of acquisition money.

I tend to agree Daveri007 but he's only just taken over....Feb 8th, so one month in. Isn't there some restriction on Directors buying during a price sensitive period which given we are expecting Scallywags results any day its a period we could be in. May be wrong but l'm sure Directors can't buy if they are aware of forthcoming price sensitive information. It would have to apply to selling as well which if they can would always put them at a massive advantage to the market. May be a good sign for us. Who knows!

EUA takeover talk....3 months ago they were 42.5p so long way to catch back up. Talk of doubling production as well as TO. We will see. Russia not the greatest place to do business. If TO happens I'm sure some of the money will head this way. We have had a good run from 1p+ to 23p and it doesn't look as if we are going to drop below 22p. We will have our re-rate at some point and put 20-30% on the current price easily and 100%+ over time. Having said that I would rather see a steady rise of 3-5% a day or 8-10% a week than 30% up then 30% down. Says a lot about the company if that happens. IMO GGP is a much better investment, albeit it now a slow burner.

What's the betting this ends up at the same COP price as it did yesterday despite an excellent RNS. Never ceases to amaze me how many times it happens. Seems to be very much controlled.

For those not familiar with the terminology or mining process this video of the box cut and portal at Carrapteena, Australia is worth watching. Its time lapsed and fairly short at 3.30mins

https://youtu.be/eHWHwt3kt3Y

Depends whether you're trading or investing for the future.

Not sure he's leaving. on the website he's now an Executive Director!

Thanks Bamps21 . I didn't know the makeup of the JV board directing the operation. Presumably that will be the same for Juri JV.

Not investing off this board, of that I can assure you though some on here make very inciteful and informative posts worth reading. Have interims and various other documents in front of me. Don't normally spend too much time on this board as I don't have the time but have in the last 2 days. Understand the focus on Hav as that's underpinning the share price at the moment but are you saying we are actively still involved in the drilling and mining of Havieron. I thought we had moved onto Juri JV and not being a miner have no involvement in the box cut and decline apart from stumping up our 30%. Always pleased to be put right if I have got it wrong.

I thought Newcrest had taken over the Havieron project given that they have started the Box cut and decline. I thought we were committed to paying our 30% but would be free to explore our 100% owned assets. Are we still exploratory drilling the extent of Havieron or has Newcrest taken over?

Weren't the SW drills very shallow as well whereas Hav's were very deep before they hit gold.

Just re-read the interims and the chapters on Corporate Development and Outlook say it all for me. This company sees the big picture and the potential it has in the assets it has. Shaun Day has been brought in to realise that potential which he will given his previous success taking Northern Star from ' a similar size to Geatland to an approximate A$8 billion market capitalisation.' Even if he achieves half of that we are talking excellent value per share in the future.

Jungle...yes we're on the same page. I also think Gervaise is a straight, trustworthy CEO and I think Sean will follow in his footsteps.