Member Info for schlemiel

brutal profit-taking...ah well, early doors I suppose....not sure what the market was EXPECTING but some are disappointed...fcuk 'em

'Heddle says step out drilling along strike to the north-west and at depth is expected to start soon following completion of current phase of infill drilling and that they're planning close to 80,000 metres of drilling over the next 12 months.'

''A drilling program is often divided into a step-out drilling program and an infill drilling program. Step out drilling programs have a fixed starting point from which they intend to expand the mineralization zone. The bigger the size of the property the better. Infill drilling programs are used to confirm the presence of mineralization between the step-out drill holes. When drilling under an angle, the slant of the mineralization is being tested.''

Step-out drilling seeks to expand the mineralisation so Heddle's confirmation is evidence that they believe further mineralisation is possible. Bullish

https://undervaluedequity.com/drilling-program-step-out-drilling-vs-infill-drilling/

Spy - It's an acceleration in drilling so bullish as opposed to a slowing down...as we're all searching for the negative in an announcement, I can't see any in this one

'nine drill rigs currently operational'. I did note the word 'currently'. With an increase in drilling planned one would assume that there are more rigs on the way

newcrest have drilled around 18k metres last quarter.

that increase in planned drilling is very bullish indeed

'Newcrest planning approximately 80,000 metres of drilling at Havieron over the 12 months commencing 1 July 2020.'

'Limited deep drilling has intersected mineralised breccia 1,000m below cover.'

I did note this line. 'Limited' in their drilling which may suggest they've only begun to scratch the surface this far down

It would be nice to see a Numis update.

I do detect a note of slight disappointment though I suspect that's because we saw the placing's announcement from NCM and assumed it was a takeover of GGP. When that didn't transpire it became another exploration update which in itself is still very bullish for the future

I believe we'll see some dash for cover first thing unless we get some new news from GGP in the now expected update at 7am.

All heading in the right direction...off to sleep

'Our #Havieron JV with @GreatlandGold continues to show great promise with high grade intercepts and the potential for our asset portfolio renewal in the Paterson province'

Well the Fruta del Norte fin-fac acquisition is costing them $460m and yet they've raised $1bn so another announcement to come?

interesting...nothing at all about Havieron in this update

https://www.asx.com.au/asxpdf/20200430/pdf/44hd0mtnvh09d3.pdf

it's fruta del norte

can't access the qauterly report for some reason...****ers

Heddle's old bankers as well...Macquarie

Newcrest Mining raising $1b; Macquarie, RBC on ticket

www.afr.com › street-talk › newcrest-mining-raising-1b-...

4 mins ago - Newcrest Mining has launched a $1 billion capital raising through an institutional placement. Newcrest Mining launched a capital raising on Thursday morning.

I think this could be a takeover of GGP

Must be a special announcement from Newcrest

takeover?

halted