Member Info for Luzyfeu

Article on kitco news and youtube interview where Mr. Lassonde is predicting gold price to hit over $17,000 us dollars within 3 years driven by US debt and money printing. Hope so

Potentially many 100% . Any award : 90% goes to the ring fenced preference shares A and B which leaves only 10% after expenses for the present company. Let’s assume Ascent get what they are seeking c.£400 million and Slovenian pay. Pay out reduces by expenses/legal fees but let’s ignore…that leaves a maximum of £40 million for the present company which will not see a many thousand percent increase in the present share price

Yes -,sell it.

This is what I know about Tungsten (not very much) but grew up and still have links to Plymouth

Hemerdon - huge deposit but grade not good. Last century plans to develop it disappeared like the price of tungsten.

This century - wolf minerals(Ozzie company but on AIM) went bust.

Present owners , bought it out of receivership,having issues making it financially viable.

So unless UK govt introduces some kind for “protectionism” /minimum pricing unlikely to be viable.

Grades are not anywhere near as good as OC though , so personally, without guaranteed pricing ,I say, sell it.

But wtfdik, dyor and all imho

Just to clarify- the strong sell opinion is for Enet , definitely not Fres

Just 1 thing . The mcap is more than £37k. Lse has the number of shares in issue at least 9 billion to low. Could be even more now. Anyone considering gambling on Enet because that is all it is, try not to get caught on the pump spike. If genuinely interested in ASICs look at Ensi for research and timescales

To clarify: are you saying China is buying physical and dumping “sell contracts” to keep price down? As I thought they were buying contracts and standing for delivery

Their look out

That’s not where I see manipulation. A contract for future delivery of a product at a certain time has been entered in to. If the seller does not have that product that is there look out. Caveat venditor. Selling something you do not possess is where the manipulation is. Imho(for what it’s worth)

I think it is only 20% on the ASX before a compulsory bid for the company is needed.

I suggest your research on PRE is not up to date. Construction of the mine already happening and phase 1 fully funded

I think you will find those quoted figures are in Australian dollars not USD. The cash totals are definitely in Australian dollars

They look like dore bars which are produced at the mine before being sent to be further refined.

So he either works at the mine( almost definitely) wherever that mine is or at the refiner(much less likely)

Hi,

I am not sure who promoted that possibility in the AGM voting but the BOD advised against it. It may have something to do with the fact Nesf is a closed end fund but I am way out of my comfort zone of knowledge here. With the BOD against it I do not think it will happen at the moment and with the terms of their RCFs I think it would be around 2 years,at the earliest, if it was voted for. It should realise NAV if it was to happen which we are valued below at the moment. But my understanding could be wrong.

Umm. Don’t think so , that would put the satellite twice as far away than the moon

Yes all costs are in aid unless specifically noted otherwise

FY26. Let’s look at bad /lower guidance/ top end costs scenario:

260koz production

Gold price drop 10%- 4600AUD/oz

Aisc - 2800/oz AUD

Profit: 4600-2800=1800/oz

Gives 1800 x 260000 = $468 million aud

Telfer growth $260million

Exploration /resource development $60million

Hav growth pre FID $70million

Gives: 468-70-60-260= $78million aud plus still have $575 million in the bank.

Costs were always going to have to come from somewhere but we will still be avoiding debt.

Now $78million is not great but if the gold price achieved stays around $5000aud /oz that would give a further

400x 260koz= $104million aud into the bank.

The Hav development kitty is growing all the time. GGP is in an amazing position but the share price may well stay depressed for a while; however, when it turns the rise will probably be as swift as the fall. Imho and dyor

For me , the big question is ‘who sold that quantity of shares’ ?

Here’s a theory..Newmont have had a blinding set of results and want to shift their low value remaining shares. Wyloo don’t want to get too too heavy so have banked some profits to buy back from Newmont. All pure guess work but I would like to know who the big seller was

Around 78k is exactly what Shaun stated at the last town hall for this quarter , so yes it was expected

Met1 still has 100s of millions of warrants at 2p. Dyor and be very wary

It should rise tomorrow as people don’t seem to realise that the Norway processing plant is also included , according to the eu commission document, which is where the bigger bucks are