goldplease - in the same boat. My son works for BA - forget the 12,000 redundancies you see headlined in the newspapers. All 43,000 staff will in effect have to apply for their own jobs on a 50%pay cut forever. Legal challenge from the union is expected as UNITE are not taking this lying down. B'stards - using cv19 as an excuse to wipe out existing contracts. Staff are absolutely seething.
The last 4 updates on Havieron have been 24 February, 11 March, 1 April and and 30 April. So maybe either tomorrow or Monday for the next one if the trend continues? Also discussions with the Martu suggested a rough 2 month period of lockdown, so we could hear about Scally next week as well. All IMHO of course.
25 May 2020 Attn: Manager of ASX Announcements Australian Securities Exchange Level 40 Central Park 152-158 St George’s Terrace Perth WA 6000 Dear Sir/Madam Off-market takeover bid by 88 Energy Ltd for XCD Energy Limited – Commencement of Despatch Bidder’s Statement 88 Energy Limited (ACN 072 964 179) (88 Energy) hastoday commenced the despatch of its bidder’s statement dated 21 May 2020, which contains 88 Energy’s offers to acquire all of the ordinary shares and listed options in XCD Energy Limited (ACN 108 403 425) (Offers). 88 Energy confirms that the Offers are now open for acceptance. This announcement has been authorised by the Board. Yours faithfully David Wall Managing Director 88 Energy Ltd
RE: A critical view of the Hannam Report23 May 2020 19:36
Even a very quick sense check on what GF is suggesting, 4p a share, gives a fully diluted £168m just for that bit of Hav assuming 4.2 billion shares. Given the prospect of 10m ounces that only comes to £16.80 for each ounce (call it $20 for the sake of rounding). That would be a margin of around 1.2% assuming a gold price of around $1,700. Excuse me for doubting your figures GF but GH would not be wasting his time on so low a prospect if he did not see the end product as many multiples of your derisory SP.