Member Info for sandgrounded

DH, no offence taken my friend. The share price sucks at the moment and some will try and wear us down. Going to bed now and will wait to see what tomorrow brings. Good night all.

DH, I understand your frustration, but like you I got caught up in thinking we were due drilling results and the MRE2. I was quick to condemn, but I was wrong.
The last drilling results accompanied the quarterly report on the 38th January. The next quarterly report together with the drilling report comes out towards the end of April. Normally there is an intermediary set of results somewhere near to the middle of those dates. It could be the 10th or 17th March by reckoning. These hopefully will have further results on the Eastern Breccia and drill results for the Northern part of Havieron.

In respect of MRE2, that could come at any time imho.

I feel deflated a little tonight and will despair when the markets open tomorrow as I am sure we will take a hit. However we should recover quite quickly. ( fingers crossed).

Good luck to all holders.

I have to admit that I thought we were going to get drilling results and the MRE 2 figures tonight. However I should have looked at the dates of the quarterlies to see that the next drilling results should come somewhere around the 16th March ( 21.30 hrs GMT).

Maybe then we will get the MRE2!

I think Shaun needs to put a trading halt on the shares first thing, until this is investigated.

We have to wonder if Newcrest are playing funny bu**ers, and are behind the shorting.

You can’t publish an indicated and inferred figure then reduce it. Will be interesting to see what Shaun Day says in tomorrows rns.

Spoke too soon Z. Financial results out 7.5 cents dividend.

OzAu, what’s in it for Newcrest?

Didn’t Newcrest say that all infill drilling had been completed and that the focus was now on growth drilling?

That was a few months ago, so my thinking is that the MRE 2 should now be complete and be ready to publish.

Thanks TT. Unfortunately the inflation rate is due to go higher with the 50% energy rises in April and oil prices on the rise.

It should be good for future gold prices, but at what cost to our young people with families?
Both working to pay a mortgage which will inevitably go up. As SAS said a week or so ago, try and get a long fixed rate deal while you can.

Whilst the Ukraine crisis had undoubtedly helped the gold price, there is the spectre of inflation and whether the Fed is willing to tackle it, which is also helping the yellow metal.

Today we see the US Producer Price index come in at 1% for January against a consensus of 0.5%, meaning there is plenty more fuel to stoke inflation higher next month.

The Actions of the Fed in March, will be closely examined. An expected 50 basis point rise has got the markets nervous, for further aggressive rate hikes to come. Will this mean people will move out of equities into something that hedges inflation perhaps?

If the Fed are too soft on rates, will inflation remain high, which is a good sign for gold?

Whichever way you look at it, gold appears to have a good future ahead.

Good luck to all holders for tomorrow night.

Unfortunately this was advertised some weeks ago, so difficult to say a deal has been agreed. Hopefully it has been done or MRE2 details revealed.

Trishkip, I think it is premature to think the Russia Ukraine crisis is over just yet.

We all hope for a peaceful end to this, but withdrawing SOME troops, doesn’t mean the threat isn’t still there.

As Redtrader says. Let’s talk shares now and look forward to tomorrow night.

Putin pulling some troops back from the border ( BBC newsflash)

I keep getting these thoughts, wondering if the Newcrest and GGP negotiating teams have been locked together at Sandeep Biswas’s country mansion, over the weekend, thrashing out a deal for the 5% of Havieron.

Let’s hope that tonight we get some sort of Rns from Newcrest!!!!

Good luck all holders. Keep holding. We are very near to that important decision.

Zoros, a great find. Fortunately our house is paid for and I would need GGP to come good, to help my kids with a 40% loan to value deposit!

Tough times ahead for many as you say Jonno. I also have to say I have lost my faith in career politicians, so not sure how we get out of this mess.

Apologies Jonno. (Auto correct!)

Yes Jonny, you are correct. Hard times when you had small children to bring up as well.

The advice from SAS is very good. If you can get a 5 or even 10 year mortgage fix, then I would consider it. Once the inflation genie is let out the bottle,it isn’t easy to get it back in.

Low rates since 2006/7 have been great, but I think some people may have over extended themselves when buying their houses, especially in the last two years with the stamp duty holiday pushing prices up.

I wouldn’t rule out a property crash if rates get raised higher too quickly.

1.64. Think yourself lucky.

Well over 10% back in the 1980’s lol!

Up to 7,5%. What will gold do now?

Thanks Dip.
The thing that got my attention was in the early part of the interview…..
“ - And that’s perhaps the other big change in the amount of engagement with Newcrest, it’s a building and strengthening partnership and we’ve switched to monthly meetings from the previous quarterly engagement
- This allows us more influence and to improve our understanding of the asset and be better owners of that 30% stake in Havieron, so it’s been a really busy year building us up from first principles, but I think successfully so. ”

Does that sound like they will come to an agreement about the 5%?

I hope so. Good luck all holders.