Member Info for Morningsun

Codey, that is nonsense.
Obviously Milton believe this can and will be better in the future hence they hold. These companies are not emotionally attached to shares. Internally they have to also make the case for tying up capital.
If Milton thought it would go belly up they would sell immediately to salvage what value they still have.
Simple really.
MS

Thanks for confirming that CB.
MS

Timid,
I guess it is what you want to read into it.

The report actually states at the top of page 2 (can't copy) that: "Drilling has defined up to 4 sub vertical zones of 'higher-grade' mineralisation..." and "Drilling is ongoing to demonstrate the continuity and extent of 'high grade' mineralisation."

I conclude 2 things:
1. They do not say what this high grade actually is as you indicate as well. Could be anything.
2. The fact that they are trying to determine the continuity and extent of the 'high grade' mineralisation doesn't mean they will not take in the lower grades as well as they do in other locations as outlined as indicated by the cut off grade I the same report at 0.2g/t.

In the end NC's goal is to extend the life of Telfer by finding a commercially viable ore resource. Hav is their prime target for that cuirrently. They need to do this shortly as a business decision about Telfer is due, keep it open or plan for closure.

As they are actively recruiting for people at Telfer I believe that decision has been made on the basis of what they have found at HAV. They are now just getting their heads around how big this is.

The easiest way is to find the extent and continuity of the high grades ass they have already found the zones. The rest (0.2g/t and upwards) will come in due course.

MS

Same here Sardy. Said that from the moment this discussion of Mengo vs Djeno started. Prudent management would go for the security of this Mengo. I'm afraid greed went for the Djeno. Calcs by Tiburn are great and make sense if you are sure you have all under control, but the key is a sustainable company and that means securing early cashflow which meant Mengo at that time.

Nothing we can do about it now I think? It's too late to go for the mengo now. Or is it? Not much to do to get the Mengo oil flowing, no waiting for a rig that a super major now has (will they release or will they be devious and sit on it just to spite AAOG... Can make a business case out of that!). Bring in 500 bbl oil per day at USD 60pbl is usd15,000 per day or usd450,000 per month until end of license... It secures the company AND most definitely will get the SP going up.
In my view THAT is good management and the most important duty of a director, do what is good for the company.

But I doubt it will happen like that!

MS

You do realise that they now have internet in Australia as well. Certainly not everywhere but if you stay close to the coast you do get it..
No excuses gmcc ;-)
Have fun.
MS

Indeed Mickey. Seems very orchestrated to me. All minimal posters, balls deep and all negative. One even has the logic to compare current SP with IPO SP. Totally different company now and then. Much, much better.
Go figure.
MS

Thanks Mickey.
Biswas:
"Drilling as fast as it could" (MS: Hav)
"If Hav lives up to it's promise"
All good.

I think they want to convey the message that the rig is good enough for a super major so it should be worth waiting for.
MS

Gmcc, could be this as well...
Doodlebugs are the larvae of insects known as antlions, which belong to the family Myrmeleontidae (from the Greek myrmex, meaning ant, and leon, meaning lion). As you might suspect, these insects are predaceous and are particularly fond of eating ants.

Who is eating who here then??

Very interesting to follow this saga unfold.
Can't really believe some poster with 2 posts causes all this discussion and speculation.
On the other hand, it. Does educate which is always good.

From Washers we learn that the Greek sentence the doodle wrote means 'let the die BE cast'. So that means in plain old English nothing has happened yet. Future tense.
Can't wait for the die to be cast... Finally!
MS

Heart, please read back through earlier posts. Look for mine and Chartbuster posts. They may well continue to work through the summer as there are sufficient facilities out there now.

Thanks for the research and views Skittish. Is it good or bad for us to be fully surrounded by the Chinese?
Thinking of leverage etc.
MS

Does anyone hear what GH says at the very end of the interview about lab results coming. Listened several times but can't decipher what he says.
Thanks
MS

8 minutes in. 'I wish we hade more land between Patterson Range East and Havieron.' That is RIO country.
MS

3.20 minutes into the podcast. Both Goliath and Los Diablos have very similar look to Havieron. BUT under significantly less cover. They are big. Have a listen. It's exciting!
MS

PG, you should read some of the comments there. PIs are quite p'eed off that they have still only been 'panning for gold' ;-)
Glad I'm invested here!
MS

Good grieves ... A poster with 5 ! posts mixes in the conversation and states it was a sell. What a load of nonsense this is.

come on you know better than to respond to him. Everyone knows its a buy. All he is doing is sitting behind his keyboard and laughing at the reactions he is getting. That is the only reason for his existence here, feeding of the responses.
Ignore him.

Long since given up trying to understand the SP movements.
More sells than buys and we're 5% up.
Go figure.
MS

Beautiful work aandi.
It confirms we want to look at the white resolution isn't it.
MS