Member Info for schlemiel

speedy - An independent valuation by a recognised valuation company or trusted expert would surely be the way forward. Newcrest can act morally, do the decent thing and adhere to an independent valuation.

I don't know how these things work though.

there will be tax implications for Newcrest and GGP. Sales of assets trigger a tax event

https://www.ato.gov.au/general/capital-gains-tax/in-detail/market-valuations/market-valuation-for-tax-purposes/?page=3

https://www.ato.gov.au/general/capital-gains-tax/in-detail/market-valuations/market-valuation-for-tax-purposes/

I draw your attention to the expression 'Fair market value'. 5% of Havieron at FMV. Who determines what is and what isn't FMV? An arbitrary body of some form? A government official or Quango? Will there be tax implications for GGP and Newcrest? Transaction tax etc

The point is, that the price paid for our 30% (5% plus the remainder assuming it extends that far) of Havieron will surely be a matter for an independent valuer that is disinterested and impartial. Newcrest would surely pay what an independent valuation determines

just seen it fella. Gold's on a tear.....I wonder what's triggered this aggressive price move?

If you buy shares TODAY on a T+10 the settlement date is TODAY (date of transaction) plus 10 trading days.

But, I don't know of any UK broker who now allows T-trading. If you don't have the cash available in your account to execute an equity trade you simply cannot buy that or indeed any other stock

TD-Waterhouse used to allow T+20 and T+10 trading using credit but not now. If your account isn't credited with cash you can't buy stock

I think we can now safely assume that this area poses strong resistance. If this area is breached then we may see a strong move. Until then, it's churning and tedious petty selling

Havieron related or maybe not? The timing of such an appointment piqued my interest, that's all.

https://www.newcrest.com/careers/current-opportunities?job=979070

Principal Geotechnical Engineer - Underground

Furthermore, you will also have Underground geotechnical design and execution in the following key areas:

Cave mining and associated caving geohazards

Open Stoping methods and associated geohazards

Ground support & reinforcement

Mine induced seismicity

Underground monitoring systems & assessment

https://www.dailymail.co.uk/news/article-8221073/Western-Australia-considers-lifting-coronavirus-restrictions-WEEKS.html

PG

It's all decent publicity ..ta

no doubt today's PRIM Twitter update's been seen by GGP holders -

'When will @Greatland Gold break 6p/share? Looks like it wants to. Still too cheap and we will explain why we think that in our next Quarterly Report.'

Their next update is due 11 May (I think) but their 11-Feb update on GGP is always pleasant reading, some may say orgasmic - their next update will probably include Newcrest's end-April update as well -

From their Feb report

''Greatland Gold has been nothing short of a spectacular investment for us. We invested on the basis that we saw Havieron as a potential Tier 1 Gold/Copper discovery. It seems the market and the management of Newcrest Mining ("Newcrest") are beginning to agree with us. From an outlay of circa £625,000 our investment at the time of writing stands at approximately £1,850,000, an implied return on investment of circa 300% should we choose to sell.

Whilst clearly at some stage we will take some profits we believe that the Greatland story has a long way to go from here. There is still a large amount of important drilling to be released to the market and judging by the comments of the CEO of Newcrest in their recent reporting they like what they see so far.

While we hope Havieron on its own may well prove to be a +20Moz Au deposit (which would imply the Greatland share price has a long way to go), we also see a huge amount of potential nearby in areas not subject to the Newcrest Joint Venture. Interestingly, Newcrest published the first iteration of a geological model recently for Havieron that in our opinion opens up the whole sub-region to similar prospectivity. Should drilling at Scallywag or elsewhere nearby turn up similar mineralisation to that at Havieron we can easily see Greatland's share price appreciating significantly.

It is our contention that the Havieron sub-region is possibly a whole new Gold/Copper province of industrywide significance. Work by various companies over the next 3-6 months should go a long way to proving or disproving this theory.''

If this doesn't get the juices flowing nothing will and I suspect that stellar description was written by Clayton who genuinely understands Telfer and its surround region

http://irservices.netbuilder.com/ir/primorous/newsArticle.php?ST=PRIM&id=3044127

cb - Yes, it was more Paterson related than Havieron related. Any good news coming out of Paterson helps to promote the case that this area is prospective and worthy of higher commercial value. I suppose it helps to cement the idea that Paterson is a 'hot spot'. That was my main point rather than to try and create the idea that there's a geological similarity

thanks

'next door' as in to the west of Telfer with hav east of Telfer

https://www.asx.com.au/asxpdf/20200415/pdf/44gyjq75qtd3ll.pdf

Yes, I was expecting an afternoon of profit-taking but she's looking pretty strong

350186 - That article's based on old and outdated drilling data? Newcrest is slowly uncovering something very different, it seems!

this stock's been in auction now for nearly 20 mins. The usual length of time is 10 mins (from 10.50am to 11am)

And a PME. No doubt we'll get another

The mystery of the PME.

still in auction for some reason...odd

red - cheers fella, appreciated

talking of elephants -

The elephant in the room: How large could Greatland Gold and Newcrest Mining’s Havieron project be? (GGP, NCM)

https://miningmaven.com/blog/1009-the-elephant-in-the-room-how-large-could-greatland-gold-and-newcrest-mining-s-havieron-project-be-ggp-ncm

looking strong and still decent interest at this level

paying 5.8p now