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You should read what is going on in America. It is all political theater but it affects us. Hawaii reinstating covid restrictions.
Looking at the couple of years CINE had with Regal prior to covid.
Cine had increased profit from 11% to 17% of revenue.
CINE had increased revenue by 6%.
The big issue is the politicians trying to lock down again. I am hoping the political landscape will change making the politicians looking for lock downs look stupid.
For Havieron not sure if they need this guy, GGP are connected so will have access to lots of top quality mIne Engineers that they can employ on a consultancy basis. Not sure if there will be enough work for him. The guy has come from Newcrest, not sure about GGP poaching Newcrest staff.
All in all it makes you wonder what he is needed for something else.
Bad, Newcrest will not be block mining.
Good, GGP will be mining at one of its other sites.
My theory is simple. There is no one buying or selling. No big buyer or big seller. The big investors leave AIM for us fools. Good news will drive the price higher. It has to be good news. Bad news it drops, no news it slides. We are now in purgatory waiting for something big enough to drive the price higher or we give up. Have a lot of little traders buying selling. A part from that not much happens. Look at the volumes, nowt.
As for the big seller/big buyer. Every chat room on this site is littered with people talking about the big seller. ALl nonsense as far as I am concerned.
its not off topic. the messing about in US is causing lots of confusion. I think it is hitting CINE SP.
it has stopped being science for a while, it is now politics. Mask mandates Chicago. We have to let the nonsense play out of Cine deliver some block buster results. Until then we are a target for shorts.
The democrats and Biden are causing all the issues. They want to go into full lock down again. All part of the political pantomine. All for their tribal politics. Many think they can use Covid variants to keep mail in ballots for next years elections.
This is a gold region, not a gold mine. How many ounces are there is this area. Newcrest should get farm in agreements with every one they can in this region. Using Telfer as a hub they could be mining 2/3 million ounces a year for a century. No need for other mines.
As Bynecut get closer and closer to the ore the price will rise. I had hoped they would be further along but that is life. We can all see the finish line. Many others will start seeing to and start buying in. RNS drop with a new farm in on another tenement, a big increase in MRE or the PFS is signed off, will all be a good launch pad.
Talk of reaching ore body in 2023. That means Bynecut going even slower. Are they talking about the full mine. If so that means full mining has been brought forward?
Have a got it wrong here?
We know they are building a very accurate computer model of Havieron rock structure and mineral composition. Using this model they will of course target the higher grade area's. They have a very good idea of how much gold the aim to extract. The higher the better for Newcrest and of course us.
https://twitter.com/GreatlandGold/status/1415955780956721157