Member Info for WelshFalcon

Look at the whole picture. I wouldn't read too much into the end date. The Ely Lilly entry above our has a Q1 2021 end date, but is still running.

Oh dear!

Oh, there's always a healthy turnover in tenements. Explorers need cash, and sometime have to let something go. As we move to positive cashflow, we will be able to pick up more.

A point of discussion for you, Tig.

The two faces of tenement acquisitions. 1) it gets us potential discoveries and 2) it denies / prevents others from making competing discoveries.

I think 2) equally important, once we have positive cashflow, we can explore at our own pace. The ability to capture more tenements and manage elephant country to our advantage is so so sweet!

Really?

I think I'm more inclined put my faith in or BOD. They are the boots on the ground, know what ground is worth looking at and are perfectly capable of running a cashflow analysis to work out what is and isn't affordable.

Some numpty who can knock these decisions with a moments notice and without the benefit of knowing all the facts on an online BB is someone at the very bottom of the barrel of reliability!

Ah, but they aren't mining them all at once. Didn't you not read the great Claire insight. They are using them in rotation, so effectively only one!

Please help us understand.

Can you list all the different mines the company has?

Also what would a 'world beating RNS' actually contain?

I understand a lot, but your comments are a complete word salad of unintelligible rubbish.

Not again guys!!!!

This topic was done to death yesterday - look back a little.

Working now - had to disable my add blocker first!

Phew! Thought it was just me.... video not playing. Obviously not there if it is due later......But when and where does the quote come from?

Yup, the footnote says from start of the decline. So that was, what, May?

Using NCM time, I'd say nearer the 2 years (they don't use slow clocks). So.... next year we may well see some test ore heading to Telfer.... That will be impressive!

Presumably it can be used for any other ore sources in the area to feed through to Telfer?

e.g. SWAG, Black Hills etc....

Or is that too far forward thinking?

NCM's presentation just published.

https://hotcopper.com.au/threads/ann-presentation-denver-gold-forum.6285380/

This may be a small clue as to potentially what will be in the PFS. Some kind of transfer station for ore, clear of the Havieron tenement.

Interesting indeed.

There's always an element of "better to under promise and over perform rather than over promise and under perform".

That's, basically what hit the price before - an over expectation for the first SWAG drills vs a perceived under perform on the drill results (they were actually good).

Who knows? Maybe they will release him early - or allow him time to sort out the funding deal prior to Nov 15th?

Now that would peak my interest!

RNS today - new CEO.

Don't let the horses run just yet, though.

Appointment date is 15th Nov, so we still need to know what the plan / funding etc. is going forward. An update on on progress here as well as the plant situation is crucial. Will the new man (can the new man) be involved prior to November? Probably not!

$400k seems cheap IMO, so is the real value in his incentives? Some are shown with three tranches of 2.5m performance rights (shares?) which all look good at current face value. Assuming he has accepted this, then it would imply some basis for funding going forward is known. i.e. if there is to be massive dilution, then these performance rights are not so valuable.

If there is to be a predatory cost for funding via loans etc, then P&L will be harmed. These incentives have production date triggers, not P&L constraints. However the cost and P&L will have an affect on value.

So no real clues here.

Funding, Plant and production are key, more so than whoever picks up the reins in November (presumably after which most of the decisions have been made).

Still watching and waiting here. IMO starting gun fired, but nobody has left the blocks yet.

Ahah..... Titania is long on 2022 Womens final tickets.

Watch out for the shorters in the run up to next year.

Well done Emma.

I think we will all appreciate how you feel when our SNG US Open comes good for us. P2 - 3 Active and our own P3 results come good, I too will fall to the ground in celebration.