will Newmont still drill this !?! interesting as Goldfields are...

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gbgirl

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26/03/24

11:17

Post #: 73059824
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Originally posted by BerserkWarrior ↑

They're bleeding cash with little to show for the expenditure, share price is on the floor, they're rattling the tin at all time lows & they have a a Convertible Note tightening around their neck and Peter Rohner's off presenting in Singapore? If you can't sell it here you won't sell it there. The Note distinctly differentiates/diverges the interests of shareholders from Collins Street & Vas Piperoglu. What's good for them isn't necessarily good for the balance of the Register (us). The company is being run for the ultimate benefit of the Noteholders. I can't see how shareholders can now come back from this unless the Newcrest farm-in delivers. One of the worst examples of management ineptitude destroying what could/should have been a success story in a supportive precious metals environment we haven't seen in decades & if it continues perhaps in a lifetime, yet here we are.

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will Newmont still drill this !?!
interesting as Goldfields are also looking to drill in this neck of the woods !

 Major International Gold Miner targeting Tier 1 discoveries
Funded exploration by Newmont at Mt Coolon Gold Project  Attracted by Drummond Basin endowment and discovery prospects
A$25 M Farm-in for 75%, currently GBM 100%, including commitment for 20,000 m of drilling
Stage 1 interest of 51%, with A$7m expenditure and 10,000 m of drilling  Newmont spend to December 2023 ~A$7.4 M
Drill program planned for H1 2024

GBZ Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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