Member Info for Quady

BNC I think you are right, but I also think the Alpala drilling to site the infrastructure threw up a surprise.

The point is the low level gold would not go in an RNS, as it would mean a change in the design, and you would have to check licenses and permits would apply to the new design, that is why no RNS would be released.

ToS1963, let me propose what may have happened.
We were doing the mine redesign, and at the same time drilling to find out where the infrastructure was going to be placed.
Something changed and I think we found some low level gold.
Now you could release a RNS, but they choose not too.
The reason is they thought, this might make the funding of Alpala cheaper and bring it to production sooner.
But there is a problem, you cannot put out an RNS, until you check that the licenses and permits you have can be applied to open pit.
So that would explain the delay, the change of mind and why we changed our direction.

Just a conspiracy theory.
But maybe I am close.

ToS1963 it's a fair point, but the Alpala drilling wasn't released, it is going to be released with the PFS.
The problem is that we thought that was a matter of weeks, now it's a matter of months.
So we may have something.

All the best.

Yes JG1964 that's the bad bit of the RNS, but I view it as business as usual. The resource is there.
We get to production quicker with open pit, but the deep stuff needs block cave, as although more expensive to construct, it's cheaper to operate.

OK JG1964, I thought you were joking when you made that statement.
It means that with the new approach that the upfront capital is going to be reduced by going open pit.
If you read the whole RNS today, the area is larger than Alpala and we are going for gold, on the cheap easy to recover resource. We are still going to build the block cave operation at Alpala, but we are going to use revenue, in conjunction with debt funding, and so easier to put out a CFP. Lots of people unhappy, as no bid is coming now. I will add in my opinion otherwise some get upset, but they now know this.

OK I have a new rule, I am not responding to uninformed posters any more.
The post by fjw999, is perhaps the most idiotic post I have ever seen.
It's simple, just filter me if you don't like my posts.

People are having a go at me for being right, as the RNS clearly says we are going to production cheaper and quicker.
You should be directing your anger at the people that were the experts on here that said a bid was a certainty,
People are strange,
There is no point in having a go at me for being correct, because your bias said we were getting a bid.
So please if you feel that way, please filter me, as I don't want to spend my time talking to uninformed investors.

Thank you.

daveri007, well done that is most uniformed post of the century.
I have been saying the most likely outcome is we go to production.
Todays RNS is about getting the ore out the ground cheaper and quicker.
Please filter me.

OK this is getting silly.
I cannot believe how many uninformed investors don't understand RNS's and the stock exchange regulatory systems.
Why on earth are you all investing if you don't know what to believe or not believe.
This is just a summary, but please google for yourselves.

https://uk.practicallaw.thomsonreuters.com/6-101-7488?__lrTS=20171002151310465&transitionType=Default&contextData=(sc.Default)&firstPage=true

We don't know that Tiger100, as the Alpala drilling results were not released in the latest RNS, where all the other tenements we are drilling were updated.
You have to decide why you are invested.
If you are OK with what is happening stay invested.
If not sell.
Personally I am OK with today.

All the best.

Tiger100 good question, and not one I can answer, I do believe they will be still developing all the tenements long after we are dead.
However, I am guessing they will go for the cheap easy high grade first, as that is what I believe todays RNS is about.

just agreeing with your post at 18:35 Tuju.

Agreed Tuju, let me add don't get annoyed, stressed or angry.
Just reassess and act if necessary .
I personally have reassessed and decided not action is necessary.

All the best.

RICH3R please please filter me again.
I have said nothing about NM stepping down.
You have so fixed ideas that you cannot read what is said.
Please filter me.

It's 8km away, but we are expanding the drilling, I think they will drill in Blanca direction.

ToS1963 I just provided an example for Tiger100, thank you for posting the latest.

Yes RICH3R I agree so something has changed, so this decision was taken in the last week.
That bit is obvious.
That is what RNS's are for.
If you don't believe that then I suggest you stop reading RNS's.

Tiger have a read Blanca stats.
Is 6.8 grams per tonne good enough for you at surface to 500m deep.

https://www.rns-pdf.londonstockexchange.com/rns/2103B_1-2020-10-6.pdf

No we don't have MRE's for any other of our tenements.
But we do have core samples, and there is Gold at high grade under 100 meters.
We made a decision to stop drilling and concentrate on Alpala, so looks like this is now part of the open pit strategy.