Member Info for Redtrader

I missed the sarc tags,
Newcrest have also announced they will use resources from Havieron as part of the west dome cutback.

Newcrest have stated they will be using gold from Havieron in Telfer. This means the`mine is a 100% goer, which we already knew. To use the gold I am hoping they will need to do the PFS first. I could be wrong. They could be extracting gold without a PFS.

My opinion.
Everything is on hold until PFS and indicated resource estimate is released. Shaun Day will not release anything about future plans because we have nothing. Once released GGP will have asserts they can borrow against and an income stream within a set period.

Have a beer and enjoy the extreme weather we are having in the uk.

Never stated unhappy.
Whats is the next stop on this journey after Havieron?

A competent engineer of course.
Even his title suggest more than 1 mine.

Not for sitting on a board.
So what is he for?
Makes me wonder?

To be in the ground floor of a potentiality multi billion $ company is an amazing opportunity. For Otto to come on board he would have to be confident that GGP could become a multi $ pound company. Why would he leave Newcrest? For that to happen Havieron must become a mine. As he has inside knowledge then he would have this answer.

He can obviously see the potential.

We can all see that Otto is up to the job.
This is a job for a semi retired Otto.

Bamps, which 100% target do we have that is the quickest to get going?

That can be done a lot cheaper by consultants.
So what is his real role?
What is the first target he will own 100%?
It must be close because this is a hands on guy who wants a hands on role.

Someone fell out of the wrong side of the bed.
Newcrest will be managing the mine. Ambitious people do not want to check other peoples work.
Makes you wonder what is his real role.

A consultant would be cheaper.
If this guy is of the caliber being touted he will be pulling his hair out in a month.

I read 503 million tons.

district scale..

Million ton what?

Newcrest have total control over Havieron mining. So why employ him?
You wouldd employ a guy with these skill if you have specific need.

US is trying to create inflation by printing money. The entire west is doing it. The poorest in the west can earn in a day more than a doctors earns in a month in some parts of the world. The west lives on stuff made by people earning peanuts. They stop printing, we stop buying and the world economy tanks. So they set rates at stupid levels. This means debt is cheaper in US. You will see companies in the US borrow cheaply and buy up foreign assets. It could happen to us.

I accept your logic.
With a US listing and a very good Q3/4 revenue CINE could issue new bonds paying off the old debt. Apple is issuing bonds at 0.6% for 5 years. I know APPle. CINE prove they will generate a good income could issue 5 year bonds at 2%. In the US the debt is being set by the Fed, which is keeping it as low as possible. 8 billion at 2% is a 160 million per annum interest. They are giving money away in the US.

A family watching a film at a cinema is a really good night out. Theres more to being out than a pub.

Has covid not taught you anything, Humans are a social animal. We get something from being out and about that is almost spiritual. Going out will never be out.

We have a large debt, not sure about interest rates. If we get listed on US market will we have access to US funds. We could raise a new bon that pays of the existing bond at half the interest payment, This would double share prices.

I know bond prices are so much lower in US.

You should read what is going on in America. It is all political theater but it affects us. Hawaii reinstating covid restrictions.