Member Info for Redtrader

Spot on Culpper. As much as possible using Newcrests money. I do not want anymore dilution. What Newcrest, or it new owners do then is up to them. It gives us a better asset with greater options.

Nasty, how do you get nasty from that.

The point is that telling us this information is not that big a deal. The fact Shaun conflated the decline length with other tunnel infrastructure surprised me. Now Newcrest are not reporting it. Words mean nothing just facts.

Reaching the ore body makes a big difference. The decline rate is therefore very important. The best way to do this is by using the money we have without any more share dilution. When we reach the ore body Newcrest can walk away. We will have a big lump of gold ore that we can borrow against. With inflation and other issue the faster we go the less likely we are to need more funding. The faster we go even if Newcrest do pull the plug now. Or if Newcrest are sold and the new owners pull the plug then the cost of going on our own is less. I also feel that the SP is linked to the decline. I might start investing when the decline passes 2000m.

Notrader, do I carry on investing. Do I increase my investment. According to Bamps we will not see anything until next year. I would say to many who may wish to invest put your money elsewhere and check us out weekly.

Bamps, they know to within a meter the length of this tunnel.
Jerry, fiduciary duty, words are like jelly you press them into any shape you want. I believe Shaun is honest. That does not mean everything he hopes and wants will happen. Which is why I like facts.

What we can say: We do not really know if we are over 1500m at the moment. We could be.

Jerry, if they are ahead of schedule then just tell us the length of the tunnel. I do not listen to politicians as I do not know what the words they say actually mean what I think they mean. Just asking for a simple number.

Culpper, We can carry on digging until we run out of money. The longer it takes to dig the more money we need. If it takes too long they may need to raise additional funds. The cost of digging will also be used to estimates cost for future mining. So I find this metric very important. I do not like it being played with. Turning up at a bank with a paper plan to reach the ore body or a wheel barrow with a ton of ore. I know which is more likely to get a loan? 8th of March is the next update. That will be interesting.

The length affects the SP ig time. It means we are a miner when we reach that ore body.

Bamps, I just want to know the actual distance. That means the fullest length of the tunnel. No passing bay stuff. They know this figure.

Ahead of plan. Do not want to burst you bubble but at this level these guys are like politicians. Ahead of plan means what? The may be widening the tunnel. The widdening work is being done as digging the tunnel is going to slow. So they are ahead of plan, just not getting any closer to the ore body. Numbers speak. It is the only thing that means anything. Just a simple statement, we have a decline of x length. How hard is that? With all the Newmont stuff the closer Havieron is to a mine, even a Tier 2 mine, the better for us. You can sell a tier 2 mine for a lot of money.

The decline is so critical to Havieron becoming a mine. The greater the difficulty in reaching the gold. The longer it takes all gets put back into the risk cost for a future block mine. Means a future block mine may not go ahead because the cost of mining is to expensive. The closer we are to the ore body increases the likely hood of the mine going ahead. Touching the ore body I cannot imagine anyone stopping the mine from going ahead. If Newcrest sell Havieron then the closer to the ore body the more likely we will find a buyer. The more likely we will get finance for mining and not share dilution. If you cannot reach the ore body you will never get a mine.

@Dipp66 it means we may not be at 1500m. We do need clarity. Modern technology they know the length every day.

MH01, Poopy, I am saying the statement they released means they have achieved over 10m a day since the previous statement released by GGP. That is exceptional yet their response is very muted for this achievement.

less than 20 days they have dug 200m. That is exceptional. I think GGP release a update soon. We will need clarity on this.

A few weeks back Shaun said the decline was 1500m, This was not strictly correct. It was 1300m with additional 200m of tunnel infrastructure, passing places etc. Newcrest are now saying it is 1500m. What does that actually mean. In a few weeks the actual decline has increased by 200m. 200m in a few weeks is an exceptional achievement. If that is the case by June the decline will be completed.

Not sure if we know how far the length of the tunnel is. It could still be 1300m with 200m of passing places. It means we have not moved on at all from the GGP figure in January.

A really good jobs report which is bad when the Fed is fighting inflation. This report means the Fed may need to push rates higher. This means people now sell assets and buy dollars.

The're more honest than the news.

I have.

These drill results I feel like putting a bid in myself. A JCB and caravan and I would be setup for life.

Newcrest did not buy the 5%? Sandeep has gone, why?. Sandeep would have to go if Havieron fails. Ignore the bullying claims if Sandeep makes money he would never have gone.

Havieron may just not be big enough for Newcrest. Looking at Newcrest I think they are deluded, They are not that big a company. They are not Rio Tinto.

Cannot understand why we are selling this. It is a large area. It is in a well know gold producing area and has good drill results. Cover is a meter or so before we hit gold. They digger deeper on Australian Gold Hunters. The price,seems so cheap.
Firetower not that special. A few extra drills they could get a substantial MRE that will give them a good price if they sell it on?