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I dont think stopping does anything to value - its not like the gold is going anywhere. I just think the aquifer is a a convenient excuse that could drag on for months. Shaun just stated that water extraction was lower than expected - so whats stopping the restarting of the decline. Its taking a lot longer than previous 2 aquifers. If you were on the board at newmont - you might think development money better spent elswhere. They obviously dont think they will get a significant return for any further develepmont costs - otherwise why sell it...And we have no idea what any contract states regading payment for the development - so no point to speculate that newmont HAVE to continue. I would be pleasently surprised if the decline restarts in next few weeks - But I just cannot see it until the 70% is sold.
Glad we are waking up to the 70%. More pressing question is who is going to continue to pay for 70% of the development and decline....I doubt Newmont will if they have decided to sell. I doubt GG will as they cant afford it. I see the decline being pretty much stopped until Newmont sell the 70% ....
A lot of nonsense talked about MM's and manipulation - the bare fact is that GG is spending a lot of money with no income stream - they want to mine Haverion but havent the money to get the other 70% over the line - its still not clear and nobody will answer the question - who is going to pay the other 70% just to re-start the declibe - I currently think nobody - so the decline will not restart until the who owns the 70% is decided...the aquifer is a convienient excuse/stop point until the new owner of the 70% decided....I thought I would come back in at 5.5 and had order to do so yesterday - but now i think I want to come in at less than that..
Daft to quote an 18 Month old RNS -there could be an RNS out tomorrow that says different -and this Long before Newmont decided to off load Haverion - That bank facility will not touch the sides if we want to buy the other 70% AND develop it into a mine...and nobody has answered the question about the current decline (when it restarts) - Are Newmont going to continue to take 70% costs of this if they have already decided to offload - I very much doubt it......will the decline even restart at all until the 70% is sold....I dont think so.
You couldnt make it up - after listening to the ambulance chasers targeting SJP on Greatest hits - I switch to rival Heart due to bad reception and there is an ad FOR SJP........
The ships a full - onboard spending best its ever been, two new ships just on order - paradoxically its the fact that US job numbers that are up (allowing people to go on cruises) that may stop the interest rates going down and our debt payments to remain large for longer.....
Still bad news to come im afraid - UK wide Greatest Hits radio has continious advert from an ambulance chaser lawyer looking for people/investors with a gripe about the service......
There is no reason not to expect the update about easter to be positive....my pilot buddy says tui flights have been full as can be for last 18 months - he is flying his full 900 hours per year and cant do any more.