Member Info for strudel

Another noteable item from Artemis's Carlow Castle results is the number of drill results labelled"NSI". Stands for No Significant Intercepts or duds in layman's terminology.

There were a fair few drills that they shouldn't have bothered sending to the lab for analysis. Either they weren't screening in the field (is it XRF gadgetry?) during drilling or the geologist erred on the side of caution and sent everything with interesting geology to the lab despite any initial field test results.

I'd be worried about Scallywag results if everyone else was releasing numerous core drill results - but none of our neighbours (who were all drilling when we were drilling) have published anything either. The labs must be busy busy busy indeed.

Today's image will be particularly useful cos the radar image is also recorded today - it'll be uploaded probably late tomorrow - so day and radar images can be directly compared to see where they are active as they are gathered only a few hours apart.

In Chile's copper mine in the Atacama desert every litre of water was used 7 times. Humans drank it first, then it was recycled for washing, then it went off to the copper mine and smelter operations - being recycled and cleaned at every step

....and the last time it was used it went to leach the pile of copper tailings.

Seeing Telfer is on the edge of a desert I imagine a similar philosophy is applied.

The next radar image on the 20th, loaded on the 21st, should give a good indication as to how many drills are active.

The recent daylight image showed lots of activity which made me think there was a lot of drilling looking at the north side of HAV.

I like to think I'm going to have a similar problem in fewer years but am mulling over moving the GGP holdings into my ISAs now and keep my slower and steadier investments in my SIPP.

I was Googling inheritance tax planning last night to the point where I thought I'd better pay for some professional advice. Then I ran out of beer....

SIPPs can be very handy if you decide to die before reaching 75 - although more so for the next generation rather than yourself.

Part of me just thought "f*C k it". Make millions, just breach the LTA and cough up the tax while having a whale of a time during the decades of early retirement.

I've heard of two baseline comparisons to help in this sort of discussion about (relative) value over time and geography.

The Mars Bar Index is the one useful to sort value over time. The theory is the staples like sugar and cocoa that make up the Mars Bar ingredients don't fluctuate wildly. So calculate how many Mars Bars could be bought with X amount of gold in 1973 and compare it to the same purchasing power of X amount of gold buying the 2021 Mars Bar.

The second is a way of sorting out geographical wealth differences which I only include cos I mentioned it, as I don't believe we can use it for
PoG debates. It is based on the hourly pay rate of a MacDonald's food server. How many hours and minutes does it take the MacDonald's employee to earn enough to buy a Big Mac Meal in their own restaurant? As MacDobalds are everywhere across the planet it can be useful baseline for discussions about wealth.

I shall resist the temptation to invent the third. The Brexit Success Measurement. How many metres do you need to be away from the pile of rotting British fish, that isn't getting to the market in time, before breathing the air is tolerable?

Daz,

TomE's advice is OK but (5) is better attempted via a Bed & ISA as per Floater's advice....which most but not all brokers offer - and means you won't be out of the market (with zero GGP shares) for a couple of days while doing the move.

Sod's Law would say that is just the time when some stunning news hits the market and you would not benefit from any SP rise.

If you broker doesn't do Bed & ISA in seconds/minutes I suggest you open the ISA anyway and fund it with any spare cash. Then buy GGP shares and sell the same amount in your trading account. When that trade settles and your cash is clear to move to your ISA two days later just repeat the process. You will be paying repeated dealing charges but if you only have a couple of grand at the moment and can stick £1,000 into your ISA you should have the £2k of GGP moved and your £1k back in your current account within a week. This avoids the danger of being out of the market at any moment in time.

Well that net is obviously set way to high. Did Micky set it up?

Commercially mining in any part of the original area would trigger the payment. All the boxcut, decline and associated works all support exploration hence it ain't due just yet. But it will be, just wait patiently for a couple of years.

Is it too late to egg on this thread? I was busy all day and missed it at the time.

This has been uploaded:

https://apps.sentinel-hub.com/eo-browser/?zoom=15&lat=-21.72428&lng=122.65431&themeId=DEFAULT-THEME&datasetId=S2L2A&fromTime=2021-01-10T00%3A00%3A00.000Z&toTime=2021-01-10T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Fbd86bcc0-f318-402b-a145-015f85b9427e

Working from a small screen so usual caveat about other eyes being better than mine:
Cloudless - yee haar!
HAV - hammer and tongs with lots of new activity, all to the east of the site compound.
Scallywag - there have been changes at the bend in the road but nothing that looks like new drilling nor the return of the field camp.

Tuesday 10am

Oooh, a glut of techie detail - where's my teapot, comfy chair and slippers?

I'm going to keep my eyes-peeled for the future possible location of the traffic lights near the bottom of the decline - that's where the Scallywag ore extracting traffic merges into the HAV traffic.

Dreaming on a lazy Sunday morning, don't burst my bubble.....

Thanks Value_S for reminding me there had been a pale dot there on one of the Christmas holiday Sentinel day images. I had vaguely recalled something....

So if it was there on the 27th and still there on the 7th Jan I'm inclined to think it is Scallywag kit rather than HAV decline kit.

It's going to be a long 12 days before the next radar image, with only two day Sentinel images to fill the idle hours of musing. We desperately need a Scallywag RNS to fill our days with reading, comparing, contrasting and analysing every word not written between each line.

Launder,

I begin to melt at 15degC courtesy of my more recent Scottish genes and don't think I have ever been anywhere that was above 40C ever in my entire life. I can't even begin to think how difficult it is to focus on manual work and count core drill sections and keep track of them all in that heat.

Had a look for Antipa's action up at Paterson East now that I am more awake - nothing doing.

Spot on floater. There is a two day delay in being able to do anything with the cash as every broker operates on T+2 to actually clear the cash. (Some offer even longer settlement terms but let's not discuss that kettle of fish.....)

This can be confusing cos you can buy shares in the same account within seconds using your sale proceeds as the funds will be credited to your trading balance. This makes sense if you consider your buy trade that you are doing is also on a T+2 settlement date. So you sell and buy on say Monday, but all the cash won't be given and handed back over to the market makers until the Wednesday.

So even if you have a trading account and ISA with the same broker, say ii for example, if you sell shares in the trading account on the Monday you won't be able to move the resultant cash into your ISA account until it is cleared on the Wednesday. The folks at ii can however do a Bed&ISA transaction on your behalf where all of this is done within minutes - so you should only pay dealing charges (£7.95 typically twice) plus the spread between by and sell prices which should be a fraction of 1% at the instant of the transaction.

Ii do this easily. I think X-O can't and have to wait for funds to clear two days later.

My solution was to fund my ISA with spare cash, buy GGP, and then sell a matching quantity of shares from my trading account. Repeat until your £20k annual investment limit is reached.

Have discovered selling GGP is very difficult. Caught myself buying them again yesterday..... Couldn't resist a nice dip. Will be hitting that sell button for sure before the end of the tax year to manage capital gains.

Finally a pretty picture to admire.....

Activity at HAV all east of the site compound with three locations covering north, mid and south in an almost straight north-south line.

Activity at Scallywag. Looks like a field camp being re-established by a bend in the road.

https://apps.sentinel-hub.com/eo-browser/?zoom=13&lat=-21.69882&lng=122.59836&themeId=DEFAULT-THEME&datasetId=S1_AWS_IW_VVVH&fromTime=2021-01-08T00%3A00%3A00.000Z&toTime=2021-01-08T23%3A59%3A59.999Z&layerId=7_SAR-URBAN&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Ff2068f4f-3c75-42cf-84a1-42948340a846

Can't see any decline activity..... Nor anything from our eastern neighbours.

You can probably preserve your current spreadsheet approach and use it to export what you need to the online CGTcalculator.

I use this and have found it copes very well with share splits / consolidation and doing complicated multiple transaction, 30day sell and repurchases calculations.

The usually chunky after hour trades have shown up as per normal.