Member Info for sandgrounded

Rns of 30/11/2020 . Doh ;0)

Sorry Speedie, in the 4hs of 30/11/20 is the following….

o Newcrest retains its option to acquire an additional 5% interest at fair market value ( cumulative interests 75% Newcrest; 25% Greatland). Fair market value will be determined by negotiation between the parties, or, if the parties are unable to agree, then by an independent valuer .

I should say that the original j/V was ammended last year, but did not aff3ct the 5% option materially.

This was part of the original farm in agreement (Rns 12/3/2019) see the final paragraph below….

Terms of the Farm-in Agreement

Tenement Blocks means the following 12 blocks within E45/4701:

1472 n, s, x, o, t, y, p, u, z,

1473 v, q, l

Remainder Tenements means the part of the Tenements comprised by (a) exploration tenements E45/4512 and E45/4928; and (b) the remaining tenement blocks within E45/4701 that are not Tenement Blocks.

Newcrest will have the right but not the obligation for it or its nominated related body corporate to acquire up to an initial 70% Farm-in Interest in accordance with the four-stage farm-in procedure as follows:

(Stage 1 Farm-in) Newcrest (and/or its related bodies corporate) incurs US$10 million Expenditure (inclusive of the Minimum Commitment) in relation to the Tenement Blocks (the Stage 1 Commitment) within a period of 12 months from the Farm-in Start Date (Stage 1 Period);

(Stage 2 Farm-in) if Newcrest (and/or its related bodies corporate) incurs an additional US$10 million by way of Expenditure in relation to the Tenement Blocks (the Stage 2 Commitment) within a period of 12 months from the date following satisfaction of the Stage 1 Commitment (Stage 2 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee, to acquire a 40% Farm-in Interest (the Stage 2 Interest) for no additional consideration;

(Stage 3 Farm-in) if Newcrest (and/or its related bodies corporate) incurs an additional US$25 million by way of Expenditure in relation to the Tenement Blocks and delivers a Pre-Feasibility Study for a project on the Tenement Blocks (the Stage 3 Commitment) within a period of 24 months from the date following satisfaction of the Stage 2 Commitment (the Stage 3 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee to acquire an additional 20% Farm-in Interest (the Stage 3 Interest) for no additional consideration;

(Stage 4 Farm-in) if Newcrest (and/or its related bodies corporate) completes and delivers, or incurs no less than US$20 million by way of Expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (the Stage 4 Commitment) within a period of 24 months from the date following satisfaction of the Stage 3 Commitment (the Stage 4 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee to acquire an additional 10% Farm-in Interest (the Stage 4 Interest) for no additional consideration; and

(Additional Farm-in) within a period of 12 months from the date following satisfaction of the Stage 4 Commitment (Additional Period), Newcrest shall have an option exercisable by written notice to the Company for it or its related body corporate nominee to acquire an additional 5% Farm-in Interest at fair market value.

There won’t be a vote on the extra 5%, as it is part of the original contract for the j/v of Havieron.
It is up to Newcrest whether they buy it or not. ( subject to an agreed or independent valuation).
Having said that if it goes beyond the 12/12/22 and they then make an offer, then who knows.

We may all use this site again, but LSE have lost the trust of many on here and will have to work hard to regain it.

Would be nice if no one posted at all from 7am tomorrow. Let them sweat.

Good luck all holders.

Joined you Speedy.my last has been binned too.

There is attention and unwanted attention. The actions of the people spreading FUD, will eventually bring that unwanted attention on those who like to stay in the shadows.

Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, because that's essentially the only unknown left that such disingenuous posts can target.

Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.

You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.

For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.

What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.

The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )

But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne

This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...

And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.

And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -

IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.

That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.

Expect Multiple shorter accounts with a very obvious agenda.s

Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.

Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.

Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.

You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.

For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.

What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.

The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )

But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne

This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...

And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.

And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -

IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.

That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.

Expect Multiple shorter accounts with a very obvious agenda.s

Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.

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Rns out, with orders!!!!

Good luck all holders.

Three in a row. ( forget the artwork) ;0)

Re the 3 large trades, I read on another board that three in artwork signalled a short
Position closing. Don’t know how true that is.

Another 250k into safe hands this morning?

Could it be Surescreen?

Classic takeover. No news. Offered above bid for large amounts. Larger trades at the end of 5he day.

Classic takeover. No news. Offered above bid for large amounts. Larger trades at the end of 5he day.

As I said a few days ago. Are the Mm’s here to make a market or to corner the market for themselves and a few privileged individuals?

Not one green box so far this morning. They must be having a zoom meeting as we speak to try and target something.

Hold for the gold.