VTX vertex minerals limited

Ann: Disclosure Document (options prospectus), page-25

  1. 11,356 Posts.
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    Hi @Wack - great to be here with you and many others

    Pleased that you got your allocation, not me, but in my portfolio Vertex is the largest number, so I'm delighted with the CR going forward.

    Your talk of specimens made me recall this explanation of the discovery of the Holtermann specimen. A ' wall of gold ' delights.


    It was discovered at 2 a.m. on the 19th October 1872 in the ‘Star of Hope’ mine, on Hawkins Hill, Hill End, New South Wales, after a midnight firing of explosives revealed a ‘wall of gold’. Mine Manager Bernhardt Holtermann and syndicate member Louis Beyers were major shareholders in the Star of Hope Gold Mining company. The mining syndicate of eight comprised of Bernhardt Holtermann, Louis Beyers, Richard Kerr, H. Miller, John Klein, James Brown, Moses Bell, and Mark Hammond (who was loaned money by Bell to buy Kerr’s share of the syndicate then paid him back after the discovery). Holtermann and Beyers received the credit whenever the discovery or mine were mentioned but they did not make the actual gold discovery themselves and the full story is more interesting. Holtermann gave orders to continue the shaft down vertically and rejected Hammond’s advice that a westward extension would be best. However, on advice from experienced miners Moses Bell and William Hunt (Bell’s miner representative in the shaft), Hammond went against Holtermann’s orders, sealed off the vertical shaft at 150 feet and commenced the west drive – and the gold was found.


    Many years ago I knew an old Cornish bloke who prospected the ranges west of the Sunshine Coast - he was a digger at Gympie and spoke about the 'rooms of gold' revealed when various miners following their respective veins came together.
    Whose gold it was would have been an issue of course, being far underground below their staked claims, but Eddie told me there was no argument, they just took their share.

    The actual Holtermann specimen was crushed and the gold recovered - but a replica was made and here it is after restoration.

    https://hotcopper.com.au/data/attachments/6699/6699542-00c0b1aed9ed2ee952e38899ce58be89.jpg
    Last edited by JandJ: 27/12/24
 
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