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We have a busy reporting season ahead. When will we hear about the tunnel progress. Anyone know.

Set a hook at 16.50. No takers so far.

As thorough as all the research notes on Leahman Brothers and 1000s of other companies that have gone belly up.

When the lock down was extended the SP dropped. As we get closer to the removal of lockdown restrictions the share price will start rising. Javid has already stated we will not lock down again.
This share will be over a £1 by September.

@Bamps will tells us if this is the Jumbo mining machine he mentioned. As we speak a gang of Aussies are using this machine to mine to build a tunnel 5 x6 meters wide and over a kilometer long down to a big rock 400m underground. This tells us something very big is going on.

https://www.youtube.com/watch?v=E5MfewlXOzc

I read lots of chat groups all taking about manipulation, the big seller. On and on. In fact there is no one. The big institutions put a few 100 million seed money into AIM. They will not invest more until AIM companies move past certain Benchmarks, PFS, MRE. The Market will only take GGP serious when we start mining. The biggest fear for a pension fund is losing all their investment. Investing now to us seems obvious to a pension fund it is a big risk. On reaching the ORE body we could find the only gold has already been extracted by drilling process. I doubt it but waiting is no skin off their nose. The share will only rise when the institutions start investing. Look at the volume, Lloyd's 10s of millions in a day, us a few million. Most of the trades are retail and small day traders. The SP will slowly drift, like the SP on 1000s of other AIM shares downwards. Waiting for news and milestones to be reached. Showing the Market that at the very least this share is safe to invest in.

Like GGP the Market will ignore most of the miners, explorers until a PFS, MRE or they actually start mining. They will not invest until they feel it is safe to invest. For us it means there are lots of upside in lots of AIM stocks. Finding a miner that is within a year of extracting gold is a safe bet but it will still have lots of upside in its SP.

Mush less risky way of investing I think.

Havieron will be worth £1 a share when Newcrest hist the ore body. That is 6 months away.

Falling price of gold makes Telfer less and less economical. Telfer ASIC $1350, Havieron ASIC is less than $800,

Trying ti understand this. The BOD have set up a deal that sees the bond holders getting 95% of the equity. Court may reject this deal. Board resign and you leave AIM. Can yo get another deal to stop the company being liquidated?

All very confusing. I can see the upside if you can resolve the bondholder issue. Did Hurricane default on the bonds?

After WW11 Europeans made up 30% of the words population. Today we are about 15% and falling. The other 85% of the worlds population and rising do not need to listen to us. We have less and less to offer. Africa now sees China as a better ally. No liberal nonsense from China. With China you want land mines you get land mines, simple as.

The days of the west being the worlds police man are over. Lots of groups are now filling the void. Russia, China, India, Islam.
For Africa they can do what they want. China, Russia, Middle East, India will sell these groups whatever weapons they want and will buy whatever resources they sell. The days of the west placing embargoes on these groups is over. Lots for these groups to fight for with no one cares about what they do or willing to stop them.

Back to the what the world was like prior to the British Empire.

Politics and insecurity will mean resources in secure areas will get a greater premium. Resources in insecure areas will be available for a pittance. You could make a fortune or lose it all in a single day.

Geo politics and insecurity is getting worse. A big sum then only invest in top jurisdictions.

Read as much as you can then go with your gut.
My gut tells me a company digging a 4/5 meter tunnel down down to a rock 400 meters below ground. Spending millions doing it must be fairly confident that it is worth it. This company also has better geologists and miners explaining why they should do this than I have.

@Bamps

I am guessing the PFS will tells us the amount of gold they expect to extract from the ore body, This will give us the first real clue of the revenue stream..

How big is this tunnel, 4m,5m. Passing places. Is it possible to do a million tons of ore a year?

@bamps.

The bigger its gets the better.

@Bamps
Already over 10 million ounces of gold. What % of the ore body is this. 10%, 20%, 30%..

5p for a million ounces means SP should be 50p

I thought it was the rain. Most of theses roads are dirt tracks or flood plains. Watch Outback Truckers, the place is a mud bath when it rains.

Newcrest could borrow 8 Billion to buy us out. £2 a share I think many here would take that. Cost to Newcrest £80 million a year interest. The interest rates are so low Governments are giving money away. We get money up front and Newcrest get a mine for a pittance. See why many are worried about inflation.

SHOULD BE: A gold mine for bits of paper. Makes sense to me.

Currently interests rates are less than 1%. Newcrest has fantastic credit and very low borrowings. ON the verge on a metals super cycle and the start of an inflationary surge.

The bond market would love it. A gold mins for bits of paper. Makes sense to me.