re:what we really want to know, page-34

Haha this is exactly what i am talking about. I am discussing MYG then some people who offer little to the discussion but only flame and bait. MYG thread has always been like this.

My only references to my holdings on this thread was only after captain4444 made an incorrect assumption about my holdings.. you started the discussion not me. Why not discuss why VJP24 has stayed so silent? Clearly he is wrong...and he tells ppl to do more research.

I am here to discuss MYG. If you do not like what i say then tell me why you think his pay is justified. Why the DFS to include drilling results is not just an excuse?

I will show you what i mean. Look up the hartley's report.

Assumption: First production in late CY12
Risk of not realising assumption : Med
Downside risk to valuation if assumption incorrect: High
Comment: Higher than normal risk of missing production deadline due to gold hedge set for delivery in July 2013

To delay the DFS to get it "right the first time".... I say March will be the earliest the plant is up? (6 months in WA.. monumental effort). 3 months for commisioning and ramping up.. with NO ALLOWANCES for delays.

My comments: My gut feeling tells me the inital DFS study is not robust enough for CS to release finance. That is why they are waiting to "get it right the first time" as it probably is at 100k/year. I put a ST sell because the risk is not worth it... i have always said wait till DFS and finance settled. I rather pay 10c for finance box ticked. Why? Your investment could go to zero if finance is pulled. The 11m CS has loaned means little especially when there is more than 11m in assets to claim in the event of a default. Which is why they havent given the full ammount yet. OB options are playing with fire. 15 months time ATW gold's 40m ord shares will be released from escrow. What will they do with it no one knows...perhaps a look at what their operations will need to determine their need for cash? Add that with 50m OB's from CS and OA's converted. You know how option expiry time is like. People sell to exercise rights and then when they are issued people sell shares to take profit if there is any.

Downramp is when i bag the company for no reason. Just because you disagree with what i say does not mean i am downramping. I have offered my reasons... Your sole purpose is to offer little content but to bag "downrampers"