Member Info for kevin0541

Just been offered 8.15 for 500k. Just like yesterday masses of sells but no drop in price (fingers crossed)

Probably a mistake to say this, but seems like there is a large buy order in the wings as there is a sea of red at 7.9 yet still holding the small gain

@newtothis I think you need to look at NCM and other miners’ share price in last few weeks and correlate with rise in POG. NCM price didn’t even get close to the offer price of NEM when it was made, it rose later with POG

@cj17 was I really glass half empty or is it you and others don’t understand UT movements. They are always reversed at open to take us back to trade prices at the close - hence down the .44 this morning. Learn the market!!!

It’s red today in reality. It’s just the false UT making it look blue

Sadly it will get reversed at the open and still be 7.30-7.70

It’s based on gold price surge, but guess what - it won’t be reflected in GGP when market opens

https://www.australianresourcesandinvestment.com.au/2023/03/14/newcrest-and-newmont-to-meet-in-person-for-first-time/?utm_source=dlvr.it&utm_medium=twitter

But is it affordable??? 21% gets us control and development funding of 49% from NEM or NCM. Win/win

Should be 21% to get control

My view is that GGP could indeed buy Telfer and just 21% of NCMs share of HAV. We get control and lead the project but NEM keep a large exposure to the find without having to concentrate on it and NCM get cash

A pressure cooker would suggest potential upward movement of strength, whereas here we go again with shorts increasing their position, killing off rise of last 2 days and hammering again this morning

Southern Cross also up for sale. I really hope GGP concentrate on HAV though

Let’s hope someone knows a positive RNS is due tomorrow lol

All of that being true Dip, people would be more forgiving if he and the other directors demonstrated their belief in the company by buying shares. The only purchase SD has made was an obligatory small sum during a fundraise at 14p. He has shown no intention to buy despite telling people at the last town hall he would do so and that rings big alarm bells for me. There is absolutely no way he has been in a closed trading period for the last. months!!! He needs to grow some balls like the rest of us and show the market that he is running a company that means business. PE companies require CEO’s to invest and there is a reason for that!

With NCM having clearly staked the For Sale Board into the ground, we can at least see a likelihood of new partners - as a minimum. The fact that they are opening up a data room for any interested serious bidder, means the white flag is hoisted and to entice people in they have overtly said there is non- public info we will let you see that adds (in our opinion) significant value. All good but in the meantime we drift lower.

Whatever is t in the public domain must be valuable as they wouldn’t go to the trouble of setting up a data room for bidders if they didn’t think it would result in a materially higher bid. Oh and remember NCM will have to provide legal representations and warranties that whatever data is provided is correct

Interesting that they will provide confidential non-public information on non-exclusive basis. So whilst they think NEM could be a good partner, they are open to other offers. Definitely for sale at the right price then

Back below 8p - this is just stupid and has no reflection of fundamentals

There is no obligation to disclose any material information beyond NEM whilst in exclusivity. That’s not to say NCM won’t publish, but they are not obliged to and also NEM will have signed an NDA on confidentiality for what they are provided