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The nickel situation this morning:
https://uk.investing.com/news/stock-market-news/caution-reigns-as-nickel-trading-resumes-in-london-2605888
Talk about coincidences:
(Bloomberg) -- The Chinese yuan reversed earlier declines and jumped toward its highs of the day following a report by Dow Jones that Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in the currency.
The offshore dollar-yuan pair fell to be down 0.1% on the day at around 6.3871, having earlier been as high as 6.4108. The onshore yuan also climbed.
https://uk.investing.com/news/forex-news/yuan-surges-after-report-on-saudis-accepting-currency-for-oil-2605476
Way to far for me Bamps. I am hoping that between the webinar and reports from those who can make it, we will get some sense of how far SD believes we will progress this year. I suspect that he is far too professional to let anything slip with regards to market sensitive information.
Try these non-resident experts too Tymers:
Goldman Sachs pushes up its gold price forecasts to $2, 500 over the next 6 months.
https://www.kitco.com/news/2022-03-08/Goldman-Sachs-pushes-up-its-gold-price-forecasts.html
This just in from NCM:
Newcrest completes acquisition of Pretium Resources
https://www.newcrest.com/sites/default/files/2022-03/220309_Newcrest%20completes%20acquisition%20of%20Pretium%20Resources%20-%20Market%20Release_0.pdf
News Bites at KITCO
Goldman Sachs pushes up its gold price forecasts to $2, 500 over the next 6 months
https://www.kitco.com/news/2022-03-08/Goldman-Sachs-pushes-up-its-gold-price-forecasts.html
That's a whopping increase Bamps!! and that's just for the gas. I can imagine that for many people this cost of living increase generally, and the energy increases specifically, are going to be incredibly difficult, if not impossible to pay for.
Take a look at the gas prices currently Ben, now that is scary. UK gas YOY increase of 1100%!!
https://tradingeconomics.com/commodities
Newvrest's RNS in response to ours can be read here:
https://www.newcrest.com/sites/default/files/2022-03/220304_%20Greatland%20Gold%20releases%20separate%20Havieron%20Mineral%20Resource%20and%20Ore%20Reserve%20estimate%20-%20Market%20Release.pdf
On the up side, we will have 6 more months of growth drilling results from Havieron along with all of the other drilling activities from the Juri JV and our other assets.
What will be of more interest now is how this new resource upgrade date affects the timetable for the 5% FMV. We will just have to be patient.
TT - it will be interesting to see how much of the planned 90, 000m of growth drilling to June, will now be included in the updated MRE. I would hope that at least some will be, which will be beneficial to the update.
Lenz / DH - hindsight is a wonderful thing. Gervaise had no more idea of the future of Havieron when bringing the major onboard than the Night Parrots that have been causing Bamps so much anxiety :-))
One thing is for certain. Both Shaun and Sandeep are consummate professionals, and neither will allow emotion or conspiracy theories to cloud what is a business relationship, wherein both parties must ensure that the top priority is their own shareholders.