RE: Tax Losses2 Jul 2024 11:56
Thanks Helpful Yes, I was aware that the tax losses were mainly in RRR , not RRR Australia as the latter is fairly recent.
If I understand NUANCE correctly, then it is LOL CRESWICK TO BE SOLD. That is closest to Fosterville but NOT abuts Fosterville. In the past, ECR sold 1 licence to to Fosterville South I recall but they offered private shares which they didnt want. But the shares ROSE like mad once IPO'ed in Oz. At 1 point, it was nearly A$140m mkt cap. Fosterville South is now renamed GREAT PACIFIC GOLD. However, there is also another player called S2 on the ASX. They won the licences CLOSE TO FOSTERVILLE against tough competition like MAJORS. The licences were auctioned by the Oz govt. However, I note that S2 drilling has NOT HIT THE HIGH GRADES yet. But when Great Pacific Gold DRILLED THEIR 1ST DISCOVERY HOLE, THEY DID HIT THE HIGH GRADES==========1ST TIME=======and this is SIMILAR TO FOSTERVILLE'S 1ST DISCOVERY HOLE. Now, the GOLD RUSH IS ON!!! Why? The Great Pacific Gold HIGH GRADE hit. BUT IT IS NOT for the BALLARAT-BENDIGO type geology of a DIFFERENT age. It is only for the DEVONIAN =FOSTERVILLE, COSTERFIELD & NOW SUNDAY CREEK which Great Pacific stated in their latest June 2024 RNS ie mention Sunday Creek in the name VEIN AS FOSTERVILLE & COSTERFIELD WHOA!!!
So, the only thing going for CRESWICK is the LENGTH of the licence ie some 10-13km. The other thing is near but not that near kinda of thing so whoever is interested is GETTING DESPERATE, if you ask me but I am not a Geologist. That said, RRR near Creswick is a good thing BUT I have not checked that out yet in detail as it was too late.
Argonaut & Mt Ida? Huh! The richest woman in Australia and probably now richest be it man or woman and Juno turned here down for placing? Gina may never come back even if they went on their KNEES.? Gina doesnt talk much outside biz so cant tell.
Ben Turney of KAV has been tweeting about Zim and his gold operation [small]. The tweet said they can be a substantial gold producer IF THEY CAN FIND THE ORE kinda of thing. That suggests he is now running out soon or has to upscale? Ben said they are PROFITABLE but did not QUALIFY top line or bottom line profitable.?
MM's must be short of stock if a 10m buy can make the price jump so MARKEDLY ---------ah!!! Ah Haa. I wonder if Bell knows about ECR's RNS today as it is RELEVANT TO RRR given what they said, LICENCE FOR SALE. I think ECR will keep the Qld licence called BLUE MOUNTAINS or something like that.? Thanks Helpful.