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This is really being built up too much!
There is unlikely to be a Mineral Resource statement tonight.
There will be results of 20 odd drill holes.
Last time though the announcement had little effect on the sp and then it fell back.
So what will happen, who knows but I think we are getting a bit ahead of ourselves as the announcement might already be priced in.
I have got my shares and not buying or selling, just waiting.
imho, gla
Matt
Great reassurance from Paddy again - thank you.
Started reading things in more detail now - like the appendices at the end of the RNSs!
Came across this regarding Havieron
'The exploration tenement E45/4701 was first granted 17th July 2017 for 5 years, expiring 16th July, 2022. '
I just wonder whether this is significant and whether this influences the speed at which NC are working. They will have finished their stages by then. How does it then work in terms of an exploration tenement to a mining tenement?
Comments?
gla
Matt
Thanks Applegarth
Strange that it is not listed on LSE!
It would be good to know what GH plans are for this - I wonder if he will move this and Firetower on with a JV or a sale.
The gold levels reported are quite significant.
gla
Matt
To change the subject from the obvious, Warrentinna. In the interview before last GH said they were waiting for 2 drill results from Warrentinna. I can find no RNS saying they were doing this. Will these help off load Tasmania sites? Will we get results prior to the 30th?
gla
Matt
We are awaiting a few more results from Firetower. The last results were delayed and I thought the delay may be because GH was going to announce a JV. So what is going to happen with Fire Tower - is any mining company interested in something this size - if not then GGP have a bit of a white elephant. Do you think they will spend any more money on it drilling? The size of resource does not fit into the GGP's aim of Tier 1 resources. Views?
gla
Matt
Firstly thank you to Paddy for all his excellent information on this share - it is truly astonishing!
Secondly what is going to move this share price - is it NC commitment to stage 3, a jv with NC and Blackhills, jv with Firetower.
What are your thoughts?
gla
Matt
I have been for many many years with over 50% (£100K) of my portfolio but I got disillusioned ealier this year, also needed some funds and sold some at 35p, some at 25p and the last today at 21p. Due to circumstances I cannot take the risk of this going down to 15p whether it does or doesn't! I am really sad that the price is where it is and the company does not seem to give us any feedback on what they are going to do. There seems to be more negatives than positives at present bearing in mind that all along NM has said that he wants to mine it. I am not sure I want to buy back in even if it goes lower or higher! So just my ramblings!
imho, gla,Matt
Ignoring all of the other posts my main worry is that the company employs 400 people and the company has no income. So how long does the current money last? What is their burn rate. There is a whole community at stake here! Perhaps they were hoping to sell another site or as NM said dig some easy gold. But am I right in thinking that they have not got licences for the other sites yet? Newcrest and others can just wait their time and wait for the company to self destruct. Then there is Cornerstone to sort out which just adds to the mess. So I see no clear strategy and there is no info coming out. This is a real shame as I have had a lot of faith in this company. But who knows what is really going on? - Not me!
Anyway imho, gla, Matt