Well, will you look at the time? The day\u2019s pretty much done, so while Bernice whips round to put the chairs up on the tables, how\u2019s about we spread out a sheepskin rug and get low and lazy by the fireside to mull over the day\u2019s events?<\/p>\n
Because as the weather warms up, it\u2019s very close to that time of year where our fireside soirees turn to late afternoon pool parties \u2013 so let\u2019s make the most of the time that we have, and start spittin\u2019 rhymes like Super Investor and Surprise Rap God, Ca$h Buffy-T, who is reportedly pretty happy with how things are going on his side of the hedge.<\/p>\n
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Source: Where else but \/r\/WallStreetBets?\u00a0<\/p>\n
Straight off the bat, let\u2019s get one thing clear: there is probably never a good time to down industrial quantities of alcohol, let yourself into a stranger\u2019s home, take off all your clothes, climb into someone else\u2019s bed and get discovered by the shocked woman whose bed it is, who then calls the police who \u2013 in turn \u2013\u00a0arrive to find you unable to speak because you\u2019re so impaired, so they haul you off to jail.<\/p>\n
But there is especially never a good time for it if you\u2019re the son of the chairman of the second-largest meat-processing company on the planet.<\/p>\n
And it\u2019s especially-especially not a great time if it\u2019s been barely six weeks since you dipped out of your high-flying Hedgie-VC career to take up the role of chief financial officer at your old man\u2019s meat company.<\/p>\n
Annnnd\u00a0dear sweet merciful crap,\u00a0a week before you\u2019re meant to be front and centre to deliver the fiscal fourth-quarter earnings for your the company where you\u2019re the CFO \u2013 the very meaty mega-corp your grandfather founded with little more than his own two hands and an insatiable lust for murdering animals \u2013 is perched right up the top of the list of bad days to be pulling that kind of stunt.<\/p>\n
Honestly, I don\u2019t even know where to begin trying to figure out what random variant of Wayne Carey\u2019s Crushed-Up Back Pills\u00a0the alleged behaviour of John Tyson (Tyson Foods CFO)<\/a> is going to be blamed on, but whatever it was, I\u2019m pretty sure I know a few folks who might be interested in acquiring some. For science.<\/p>\n \u00a0<\/p>\n Let\u2019s kick off what\u2019s been happening in the depths of the market with an update on a trading halt from yesterday. It turns out that Gascoyne Resources\u2019 (ASX:GCY)<\/a> \u201cannouncement to the market in relation to production and cost guidance at the Dalgaranga Gold Project for the December Quarter and the second half of FY2023\u201d was a lot more serious than most of us thought.<\/p>\n At 12:23pm today, Gascoyne went into an immediate suspension from trading, followed at 12:49pm by the announcement the company had decided that \u201cabnormally high rainfall, labour shortages and COVID-19 impacts\u201d had conspired to turn its Dalgaranga Gold Project in Western Australia\u2019s Murchison region into an unsustainable endeavour.<\/p>\n GCY says that The 2.5Mtpa Dalgaranga mill will be transitioned to operating on a care and maintenance basis over the next 2 to 3 weeks and maintained in a state ready for a rapid resumption of production, and in the meantime the bulk of the workforce currently at Dalgaranga will be demobilised over the next 1-2 days.<\/p>\n It\u2019s not the end of the road for Gascoyne, which will spend the immediate short term looking at how to meet its obligations as it pivots towards other projects it has been developing in recent times, with Managing Director and CEO, Simon Lawson, saying the decision to pull the pin on Dalgaranga was \u201cvery disappointing\u201d.<\/p>\n Elsewhere, Lode Resources (ASX:LDR)<\/a> put out an announcement today, centred around results of a 1,899g\/t silver equivalent intercept at the company\u2019s Copy Cat Lode discovery.<\/p>\n LDR says the results show high-grade silver-lead-zinc-copper mineralisation over a thick drill intercept at shallow depths including 1.5m @ 1,899g\/t AgEq,\u00a0 within a broader intercept of 20.5m @ 375 g\/t AgEq including<\/p>\n 20.5 m @ 375 g\/t AgEq from 16.0m including The announcement had precisely the effect you\u2019d expect such a grand, large number to have, with Lode trading 26% higher by the end of the day.<\/p>\n And last one for today, Kineticko (ASX:KKO)<\/a> is no doubt as pleased as the cat what\u2019s been into the cream, after its excitingly-named Core well 270-06C (they just don\u2019t name wells like that anymore, do they?) was successfully spudded, which is still a term that I find as hilarious as it is baffling.<\/p>\n I\u2019m sure there\u2019s a reason it\u2019s called spudding, but it\u2019s late, I\u2019m tired, super-lazy and I\u2019ve already lost interest \u2013\u00a0but if you feel like writing me a thin-lipped email explaining it to me, I won\u2019t stand in your way.<\/p>\n Anyhoo\u2026 KKO has spudded Core well 270-06C (the \u201c6C-est\u201d well we reckon KKO has ever\u00a0 spudded) and Kinetiko CEO, Nick de Blocq, is proper chuffed about it, saying: \u201cThis borehole represents the first of many we have planned in this area\u201d.<\/p>\n \u00a0<\/p>\n Tymlez Group (ASX:TYM)<\/a> \u2013 It\u2019s that old, timeless classic ASX move: a capital raise.<\/p>\n NickelX (ASX:NKL)<\/a> \u2013 NickelX has an update to the market regarding diamond drilling results at its Cosmos South Project. More likely they found nickel than diamonds, I reckon \u2013\u00a0but that\u2019s just a guess and you never know your luck in the big cosmos.<\/p>\n \u00a0<\/p>\n The post LAST ORDERS: A wistful look back on the day before the midterms happen<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"LAST ORDERS<\/h2>\n
\n8.8 m @ 667 g\/t AgEq fr0m 21.2m including
\n1.5m @ 1,899 g\/t AgEq also from 21.2m<\/p>\nTRADING HALTS<\/h2>\n