Member Info for schlemiel

Some proper dumping here which I suppose you can understand. Ah well, this next year Rodders...

Give me 20p and I'll be happy with my life

Feel for you. You can get dragged into a price spike, I've done it myself. I now never get dragged in though. Learned my lesson. Now, I never buy on a spike no matter how good the news. The psychological downside is that assuming you regain your losses your instinct is to either to take a small loss or take a small profit and feel relieved at that. It's not a pleasant position to be in. It warps your reasoning and rational judgement

I believe GGP is a solid 'investment' with assets that can be monetised in time. Fingers crossed and GL

TMT - It was a bad day, felt sensitive, lashing out. Now back to normal. GL

Hot money exiting after a decent run fella though why they weren't selling at 15 defies reason. Panicky decision making. They see their profits falling away and take what they can

Of course the warrants process is evidently well managed and exercised into a strong and buoyant market (GGP) on the back of positive company progress rather than being dumped at lower stock prices.

We could see another weak day though. ASX listed Paterson stocks are looking tired and exhausted after a frenetic couple of weeks of both corporate and market activity.

A period of consolidation and then further strength into the run up for Newcrest's annual results Mid-August

TMT - spot on

'tremendous early success on the step-out drilling'. GH may as well have said 'this is just the start and there's more to come'

Number of Warrants and Other Options In Issue :

97,840,540 @ 2.5p (expire August 2021)

There's harder ways to make a living mate!

PG spreading the GGP love across the world -

https://hotcopper.com.au/threads/the-reason-to-buy-ncm.5507530/page-24?post_id=46049808

''Well that was a stunning update on the drilling at Havieron from Newcrest which was greeted with a 4.7% drop in the SP here in London.

Too many sell the news traders here and not enough investors who get the big picture. The new breccia zone in the centre of the 'horse-shoe' looks like it could be very significant, especially if they can keep repeating the 27.3m @ 10g/t Au & 0.13% Cu.

Speaking of the big picture - here is the latest image from today's results plotted into Google Earth. You can see clearly that they are targeting another ore-body / extension further to the NW. It's over 400m from the centre of that new breccia zone to the area they have been peppering over the past 6-8 weeks. Things should become even clearer in the next interims report but suffice to say I think Havieron will be featuring in a big way in the future plans for Telfer & NCM going forward.''

HG - Absolutely. That's the beauty here. We know there's lots of news not yet released because thanks to Paddy etal and satty technology we can see it with our very own eyes.

The FY results are always released with a company presentation. You can bet your bottom dollar that Havieron will feature quite prominently in this as the saviour of Telfer. I cannot imagine Biswas would not focus on the future those areas of future growth

3 weeks from Friday

The real question is HOW important is Havieron to Newcrest the company? Biswas deems Havieron to be of pivotal importance to their main profit centre (Telfer) and therefore one would expect a premium for such an essential company asset.

We surely see our 30% of Havieron as 'cash in the bank' with that cash equalling hundreds of millions. It's a delicious dichotomy for Heddle to be confronted by. Accept a whopper of an offer for our 30% (assuming NCM intend to go down that route) or raise a morsel of capital to finance our portion of capital outlay for Hav's development

Today's trading is was it is. A pure profit-taking day after a solid run-up from 12p, following superb news

I was expecting a +10% down day when I signed off but we held 14p. Friday tomorrow so we may see another weak day but as we move forward and we continue to purge the sellers we should see some strength return especially when those who have sold at 14.5-15p look to return when they see momentum returning

and then Lord the kicks you in the boll-x

Ah well, we've had a gud run

That's v-o-x markets

SP Angel also updated on GGP news -

''Conclusion: The discovery of an additional mineralised zone at Havieron hints at the potential scale of the wider licence area. We look forward to the forthcoming initial mineral resources estimate expected in H2 2020.''

****************************/articles/sp-angel-morning-view-thursday-23-07-20-859d6df/

https://www.afr.com/companies/mining/miners-see-golden-days-ahead-as-government-spending-soars-20200723-p55erp

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but can't gain access. I can see on Google search the words ''Newcrest's rise appeared to be on the back of more encouraging drilling results at the Havieron discovery in Western Australia, which looks increasingly capable ..''

Interesting that NCM's inside man at AFR asserts that NCM's share price rise last night was due to Havieron. That shows how important Hav may become to NCM

BE - I suspect you could be correct in that. Biswas will be focused on pointing to the future and those areas that will deliver fresh sources of earnings, new reserves to replace depletion and further prospective exploration. No doubt he'll make some form of public appearance to extol the virtues of their new found 'growth options' (Hav and RC) and hopefully more analyst attention and broker reassessments....fingers crossed

BE - good point..so no large gap between news assuming we get more news from NCM regarding GGP..tks

The March update had Red Chris on top. Then the June and July report puts Havieron ahead so yes, it seems Havieron appears to now take precedence certainly in Newcrest's company drilling updates

$1888