Member Info for Shorn

CE
I have emailed to see if i can get an invite.
I'm in fairly significantly at:- XTR, JLP & Cyprus via CRMS. (No ramping meant).
ATB Shorn

if-only,
Do we know if there is going to be a recording of the meeting / presentation ?
ATB Shorn

jwoz,
H7 - assay this Thursday, and another hole next Tuesday - basic update. updated 3D model end of next week...
ATB Shorn

Just re-watched the clip below (a bit long) but you really do get a sense of what Mark Slater is about....
https://www.youtube.com/watch?v=NbhCo2I7sfE
points of note...
1-> Tends to hold at least for 3-5 years, often 5+ and some for 10+ years
2-> Growth stocks he holds for longer waiting for re-rate
3-> Not interested in 10% growth and selling
4-> Likes targets with brand, exceptional opportunities, and benign competition
5-> Recognises Slaters money is better invested in smaller companies as the rate and ultimate size of growth is better than with say larger companies
My take is he definitely sees the growth coming to fruition in the near term, a re-rate is defo on the cards (otherwise he wouldn't invest), and he totally believes in Leon at the helm. I would suggest this additional money apart from fuelling accelerated growth, has a secondary benefit as a large tick for a SP re-rate from Slater's who wouldn't waste their time or money if there wasn't going to be one.
IMO ATB Shorn

I think folks are over complicating an "option" clause - essentially it's the opportunity to purchase (before other companies can) but only if the seller and purchaser can agree a value (an independent valuation is simply a guide for the lowest value - call it fair if you will).
So if i were CB i would prove up scale and get other parties (Newcrest, China M, et al) knocking at the door, then announce to AAL the 2MT or 4MT - whatever is established and give AAL their best shot...
Nothing to stop CB talking to other majors all the while BUT what he can't do is agree a sale to another until the option is triggered and falls away due to a "no deal".
IMO ATB Shorn

Dibs61
If my memory serves me right the last announcement by Newcrest of any purchase / JV was with GGP - whilst Havieron is a Gold discovery it might be interesting to learn what stage was GGP were at when the JV announcement was made (certainly very early drilling doors) and if i remember right as drilling and proving scale progressed GGP's share price went up massively.
What i see here with XTR is a process of proving up the 2MT / decision to mine AAL "trigger", AND also wider drilling to show scale (not infill). This will result in steady near term increase in SP.
Confront AAL with the choice and then open up to Newcrest, China Molybdenum, et al, an RNS with one of them "biting" and it's game on (SP will go crazy)...
My favourite is the 3D model starts to show a super pit c3.5km x c1.5km x c700m and that the areas between the existing modelled pit and the anomaly in the SE is not waste (like the area to East of the crown) and it contains sufficient copper to enable the development of one large super pit...
IMO ATB Shorn

i filtered him / her / Ella - months ago waste of time.
ATB Shorn

Core blimey !
Just giving you the heads up - I heard a rumour that company names based on the Greek alphabet are at risk...
Names like Gamma & Omega - what are your other holdings ? ;-)

theiceberg
Excellent addition to your blog. Thanks.
I try to visualise what an open pit of the suggested size that both you show at the end of your blog, and what Jeremey Read suggested could be possible, taking into account the additional two anomalies to the SE...
This open "Super" pit is for gold in WA (and not similar in any way other than potential scale) - but just look at what 3.5 Km x 1.5 Km x 700m - looks like OMG it's massive, and 2-3 times larger that the current model pit (good for newbies to get a sense of scale & not from a computer model)...
https://www.google.co.uk/url?sa=i&url=https%3A%2F%2Fwww.spglobal.com%2Fmarketintelligence%2Fen%2Fnews-insights%2Flatest-news-headlines%2Frare-synergies-in-western-australian-super-pit-mine-merger-bode-well-for-growth-60636538&psig=AOvVaw0FO9JZs0MZQCBEzHrfRzMi&ust=1633019504099000&source=images&cd=vfe&ved=0CAkQjRxqFwoTCPj72vTNpPMCFQAAAAAdAAAAABAT
And only 4.23p a share...
IMO ATB Shorn

Colin Bird, Executive Chairman Said: "These results support our plans to design and develop an open pit in the Racecourse porphyry region. These initial results suggest that the crown area has a propensity to carry good grade and will continue to add value to the conceptual open pit. A number of holes in the drill programme are outside the current resource and thus our conceptual pit modelling. The 12m interval of gold values was beyond the copper mineralisation and suggests there may be an overprint of gold in the system, this will be modelled with the intent of developing orientation and trend. We look forward to the results of our current drilling and assay results from previous holes drilled."

Assay results for the first angled hole of the Phase 2 exploration drilling at the Racecourse porphyry deposit, confirm high grade copper mineralisation at shallower depths than drilled during the Phase 1 exploration drilling programme.

· These assay results have enhanced our theory of intersecting high-grade mineralisation at shallower depths within the mineralisation system associated with the high-grade "crown"

· The results are very supportive of our open pit objective, and include (full interval details in Table 1 below):

BRDD-21-008

o 184m @ 0.51% CuEq from 204m

§ including 9m @ 0.90% CuEq from 204m

§ and 46m @ 0.72% CuEq from 252m, including 8m @ 1.41% CuEq from 290m

§ and 26m @ 0.77% CuEq from 332m

o The highest-grade intercept returned 1.8% Cu within a 2m interval from 292m

https://c.newsnow.co.uk/A/1097246399?-22269:9283 https://c.newsnow.co.uk/A/1097408721?-22269:9283
Copied from another board

https://www.bbc.co.uk/news/business-58714608

We are waiting for assay results about now for the Big One - correct ?
Am i correct to join the dots here - ?

Mardei - that made me laugh !

Joeman1
Agreed - later in the 30 mins they talked about Xtract.
Also some interesting views on the effects of low volume trading on AIM stocks where they always seem to retrace after good news uplifts.
Comment about Xtract was that in these environments steady increases in share price (Extract) seem to hold there position - a function of the lack of day trader interest.
Additionally the view was that the final quarter of the year should see the trading volumes returning or at least they were hopeful of that fact.
Certainly, one of the investors talking was definitely investing on the back of the forthcoming assays coming out of Bushranger in the next 2 weeks...
ATB Shorn

sorry wrong board !!

https://audioboom.com/posts/7948781-traders-cafe-with-zak-mir-sunday-roast-september-26

howezap
Forgive my ignorance but why would an IOCG be quicker to prove up ?
My understanding IOCG's can be very large scale - so surely the shear scale would take longer than the Racecourse to prove up ??
ATB Shorn

Mikiesunday
"... I get the feeling governments are happy to accept this against possibly derailing any recovery. You almost get the feeling controlled inflation is almost welcome to water down government borrowings..."
This is definitely the case - the published inflation figures do not compare to the reality on the ground - they want the economy to run hot and keep interest rates low - keep those billions and trillions at low interest rates...
And as you say in time when economies prove up post pandemic (whatever that is) - they will loosen the grip.
We need the demand for copper et al, to turn from government(s) policy, into projects started, and factory orders resulting in competition for the metals.
IMO ATB Shorn