Australia's largest stock trading and investment forum Australia's #1 stock forum

G79

0.00%

2.7¢ goldoz limited

Not all secondary deposits are the same, page-119

First 119 Last

Share
Profile

Follow
rastus64

9,119 Posts.

126

30/10/17

22:40

Post #: 28331775
Share

Originally posted by TwinTurboCelica ↑

Seriously, who quotes grades including overburden? What is this, mining amateur hour?

Just to recap, you have company that...

* Dug for Diamonds they can't sell.
* Talk about production/revenue etc without a JORC
* Have specials that apparently aren't of "material value"
* Have 6 months until unknown $$ from sales, and have quarterly cash burn that will not last 6 months but apparently don't to raise capital
* Compare their deposits to their neighbour, but use a different calculation on the grade.... because?
* Have not yet developed a method for knowing what there mind product is worth
* Apparently they know the grade/size of the specials but they are not willing to release this information.

At what point does any of the above raise alarm bells?

I'm happy to be advised otherwise, but it would appear to me that there is the possibility of at least 1 breach of ASX rules in the above list.

Look... maybe they will find better deposits, maybe they will have an awesome profitable mine, maybe I'm a random nutter....

Do yourself a favour and at least take this on board, take the blinkers off... understand the risks... don't bet the house.

Expand

I don't think betting the house was the problem. Not taking profit and greed is the trouble maker that is going to haunt some guys for awhile thinking about what could have been.

MUS Price at posting: 10.5¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

CUF

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

GDM

Banshee's historic trenches prove rich in antimony and gold for GDM

EEG

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

CLE

Cyclone signs MOU with Vale for development of Iron Bear play

IRX

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

First 119 Last

Add G79 (ASX) to my watchlist

Not all secondary deposits are the same, page-119

Top Stories

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Banshee's historic trenches prove rich in antimony and gold for GDM

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

Cyclone signs MOU with Vale for development of Iron Bear play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Featured News