Member Info for WelshFalcon

$600-$680 ASIC for Telfer. Hmmmmm.

So when we add in some of our high grade ore, what effect will that have?
More output for each ton of ore tending to reduce AISC (expressed as a cost per oz of gold)?
Will our copper content be better than Telfer's (Copper is a credit that reduces the AISC)?
Copper value increasing?
Gold Value increasing?

Maybe we can look on the $600 - $680 as a minimum!

SD has tweeted the article too.

A call to arms for our tunnel rats - IMO, if SB can get some record speed out of the decline, he will.

This time, next year, Rodders...........

After the 'mis-speak' debacle last time, there must have been a conscious decision to announce. Oh, and with a name check too.

Happy Falcon!

A stream of something noxious coming from the fool!

It's not something that worries me at all. We have all seen the fast pace that NCM have gone so far. We have seen the box cut and decline started well before the PFS has been produced. We have seen the extra cut at Telfer (with low,low grades) being authorised to 'buy' two more years of operation in readiness for HAV ore. There is more, but I'll stop boring you all there....

So I conclude that if there is any way at all that NCM gets to the ore in an impressively short period, then they will do it.

The start of the decline was always going to be slow - it isn't a couple of irishmen with picks! Speed should start to pick up now. It is likely that all the onsite infrastructure that the contractor needs is now on site and working. Brake will come off soon.

If it was 100m in vertical depth, then the along hole distance would be beyond where the ventilation shafts would need to be. We haven't seen, as yet, enough above ground activity for the vent. shafts.

This lends credence to the along hole depth. This is my understanding. The rate of progress that is used would logically be an along hole one as this is a real measure of the amount of work done (rock shifted etc.). A vertical depth measurement metric would be of little use for the contractor or NCM.

For me, and any PI who understands GGP and what we have, agreed - this is more superb news.

I don't think it will do much for the share price at present, though. Nice words etc. from SB, but not a lot of hard numbers for II to factor in. So I'm expecting the status quo to continue until the next drill update...

For well researched PIs, however, the chances of adding more at these silly prices may well continue..... I'm in for as many as I can get....

Just had a quick scan through this - worth a read. I so much want to see our (HAV's) PFS, now........

So Cadia's PCi-2 PFS shows a 21.5% IRR with a 17 year life, using $1650/oz gold and 2.72/lb copper. This all using gold grades between 0.7g/t and 0.3g/t (copper 0.4% and 0.2%). AISC is .......wait for it......41/oz (US$)

So, cadia is a little ahead of HAV with copper, but HAV's gold grades is streets ahead. Add in the low CAPEX we are expecting and re-crunch the numbers..... Oh my! Please let me see a sneak preview of even the rough draft they must already have!!!!

Nurse, Nurse, He's fallen out of bed again......

"Whena succesfull company suddenly drops its nearly walways a manipulation"??????

When a successful (sic) company claims to be funded through to production this time last year, with production set as Q1 2021. When that successful company missed the Q1 promise and does an emergency raise on 24 May (Q2!!!!) and promises production in weeks. When a successful company misses the 'within weeks' production promise, suspends trading on ASX on 29th July for another emergency funding, then extends the suspension for another two weeks.......

Then you have to wonder what is wrong? Maybe it's actually not a successful company.

Source of all information can be seen in actual RNS releases - not from flying pigs or toli's dreams.

Time will tell. Just read the RNSs issued and wait for proper news. I'm not for gambling.

Have consulted the tea leaves.

Be prepared for November 3rd at around 12:35pm.

Gamblers only.

We don't even know how big a hole there is nor how much it is going to cost.

Speculate if you want, I use the gg's for that. I want to invest in a properly managed company with long term prospects.

What utter tosh!
Pure ramping with no basis or foundation. 'these negotiations take weeks if not moths' you just can't leave a company in limbo for any length of time! We have had the RNS delaying the funding announcement util the 30th BUT:
WTF is going on?
What is happening at the Lakeway plant? Is it running?
Do we still have essential staff there (are they still paid/on contract or is all that cash gone too)?
How much is the shortfall?
Timelines?
Is Covid having an effect and if so, how much?
Explanation of what has gone wrong with funding and the excessive delays to production?

There are so many questions that remain unanswered. But, hey, believe 'toli' and his unfounded ramping if you want. Personally, I'll wait for a few actual facts. A two week delay to getting an emergency funding package is highly damaging to the company and it's operations. This is going to be difficult and very expensive IMO.
There are so may

Yeah, right!!!!!!!

If there was to be a 'huge premium funding 100%' then why the delay to this emergency funding?

The shares are suspended on the ASX, so price is as when the suspension was put in place. So is not a true figure of sentiment!

Directors took shares at 18p, well no they didn't. A previous purchase (prior to emergency funding) through share options at 18p has been admitted and listed with payment made. This is simply the paperwork and cash going through from a decision made prior to this cash raise.

'Existing cash well over £50'???? Where on earth do you get this snippet from? If true why do we need an emergency raise? Absolutely nonsensical....

'Strong institution backing talks' Yeah? Really? or is this just more disinformation from you?

Tears, dear boy, tears. Wiping your tears!

I never mentioned bed wetting or wiping behinds once. How very rude?

Oh grow up, both of you!

Yes Kevin, this is the nature of a pharmaceutical (development company) share. So you recognise that, but talk about the lump sum being able to make money elsewhere. So, do decide what your investment goals are and invest accordingly! Either you are a trader looking for a 10% and move on, or you are an investor in the company with an appreciation of what your management is trying to achieve. You can't have it both ways!

Really, the monday morning laments when there isn't an RNS to massage the ego of the more fickle investors is really getting boring, now. These sort of posts are the childish and unhelpful ones to be honest.

If we were getting anywhere near the number of RNS begged for on here, I would have serious doubts about what management are doing. This product and its trials are all about credible data that can be accepted by the science community and can provide the level of comfort for regulators to approve the drug. PERIOD.

We do see important and positive news, just not by the RNS route. The well read amongst us will have seen the discussions over Interferons within the wider scientific arena, and we have seen that SNG are actively staffing up with the required talent to capitalise on this once positive phase 3 results come through (They wouldn't be doing this if there wasn't a need, and they don't need to RNS every step taken).

So invest in a properly managed development drug company, or play trader and fish in a different pond for your regular 'hit'. But please stop whinging on here when RNS don't land to your schedule. The company is not responsible for your investment decisions or strategy.

A delay to the funding announcement until the 30th!

Obviously this emergency funding is not a done deal, yet. I would love to know what the sticking points are?

Oooooh, get her!

Yup, it's a no.....Deal with it. Anything else need wiping while you are in there?

Can't see what your problem is - all pretty clear to me.