Member Info for sandgrounded

Thanks Dip.

James. As someone said yesterday. “ How do you know they are buys” lol.

Sells yesterday and we go blue
Buys today and we are red.

I’m as confused as Liz Truss!

Have a good evening James.

From the Rns 30/11/20……..

Following the delivery of a Feasibility Study, the Management Committee will meet to consider a Decision to Mine. A unanimous vote by the Management Committee is required to approve a Decision to Mine. If a Decision to Mine is not approved by a unanimous vote, then the party who voted in favour shall have an option to purchase the non-approving party's interest at fair market value.

As WelshFalcon says, I hope Newcrest decide not to mine. How much did New rest want to,pay for 5% of our share of Havieron? $20 million? Let’s be generous and offer the market value recently given at $60 million for 5%. That’s $840 million. Not a bad deal for a potential 20 million ounce gold mine.

James, I’m just putting out an alternative view. Obviously everything is guesses unless you are in the TriBeCa ‘inner circle’.
The selling of shares to go under a reportable threshold, makes good sense. It gives them the opportunity should they want to, to sell AND BUY shares without having to report it.

I’ve known a few share issues where the financial institutions sell fairly soon after the fund raising. The MM’s are doing a great job of maintaining price stability around the placing price so maybe not as great a loss as first seems. Obviously we won’t know if it is TriBeCa unless they go through the next threshold, which would be up to 50 million shares. Someone is selling and the MM’s appear to be controlling it in my opinion.
Whether their nose was put out of joint by Wyloo getting warrants attached to their allocation, maybe, but I guess we will never know.
I’m still holding my shares and no intention of selling at this price. Good luck

I can guess what you mean by that Loggy, but we are still seeing large sells and TriBeCa looks the obvious candidate, especially as they sold some a short time ago to take them under a percentage threshold so they don’t need to report again Unless they go through the next percentage point.

I wonder if they are still selling?

Would be interesting if Wyloo has also been buying shares in the market!

As to what investors should be looking for in the mining sector, Gentile said that he is looking for companies that are well-financed with projects that have the potential to become a mine.

"If you find a company with these attributes, you are positioning yourself to make explosive returns," he said. "When this sector turns, you are not talking about 10% or 20%. You are talking about 400% or 500% moves with some of these companies.

https://www.kitco.com/news/2022-10-12/Now-is-the-time-to-find-value-in-the-junior-mining-sector-Radisson-Mining-director-Michael-Gentile.html

Nice find copperman. It will be interesting to see how ARV do on the ASX overnight!

The 3 million+ shares I referred to this morning we’re issued at a price of $0.027 per share.
As this was notified on ASX I presume that is Australian dollars.
The share price on Friday rose to $0.06 on the ASX and over on the LSE, we saw a few large trades which could have been this entity offloading, hence the decline today.
Was the share massaged up to allow this entity ( Not named in the Rns) to sell?
The BOD also don’t help this companies profile with Tweets about drill cores, imminent MRE on Carlow Castle etc, and need to get their act together.

I’m hoping the DFS will come in Newcrests September quarterly report, due around the 27th October. Two weeks on Thursday fingers crossed.

There was an ASX Rns overnight reporting just over3 million shares paid to someone in lieu of a cash payment for services in helping to sell one of our assets earlier this year. Whether that has upset some, I don’t know.

Hi JiffyBag.
There will be costs associated with developing Scallywag or any other tenements we are lucky to find, so I would rather pay 40% of the cost and get a better deal on Havieron than trying to find 100% of the cost going it alone.

A hit at Scallywag and Shaun can go back to Newcrest offering to add it to Havieron for say 40 % of the combined tenements and a better deal on the associated processing costs at Telfer.
That’s what I would like to see.

It is over 7 weeks since we had the assay results for Carlow and we were told an update MRE would be produced early September.

Everything gone quiet, which makes me wonder one of two things. 1. The results don’t improve the NRE too much and are a disappointment
OR

There is activity in the background which could be very beneficial to ARV shareholders.

We normally get Twitter postings etc hinting about something of other but we appear to be in total lockdown and the silence is deafening.

We all have to make our minds up on what we do. I’m gor staying around to see what we get! Best of luck to all holders.

If and it’s a big if, Greatland Gold are interested in a jv, then once their fund raise egm is sorted tomorrow, then we may see more of a rise.

They are still after shares. Can still sell all mine n one go.

They certainly want our shares. Could sell just under a million at 3.23p.
Hold tight, something going on in the background.

Once the vote is in on Friday and the result is positive, then Greatland Gold is going mining, with or without Newcrest.

Why do I say that?
We have a big cornerstone investor in Wyloo, who wouldn’t even consider coming on board if there was any doubt as to Havieron being mined. We also have Board members of the highest quality who have recently joined us and they would not be here if Havieron was a none starter.

People say we must wait for the results of the definitive Feasability Study, before a decision to mine is made, but barring earthquakes suddenly appearing, this will be a formality, ( for the reasons given above). These people know!!!!
Newcrest can try to delay or obstruct the decision to mine, but Shaun has the team to do their own DFS to prove it is a goer and as such can ask for a vote to go ahead with mining.
A unanimous vote is required and should there be any disagreement the other company is entitled to buy the objecting partners share of the project at fair market value.
Newcrest tried to buy 5% of the project for a rumoured 20 million and GGP’s valuation was 60 million so as a starting point GGP could offer to buy out Newcrest for 280 - 840 million.
With Wyloos clout that could be achieved and even more.
So I don’t think Newcrest are likely to vote No and lose Havieron, so for me, the mine is getting built once a positive decision is made regarding the General Meeting vote.