The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Johnpwh - you may be a correct, however the last time I expressed an opinion some cloister ( an Irish expression and definitely not a term of endearment ) took exception to my views. Signing off. Will monitor the discussion board and no doubt read more infantile entries in the future.
Why would Newmont be in creep mode when they are trying to sell the asset? They would not deliberately make the asset less attractive, the opposite in fact. They would attempt to add as much value as possible.
Acechaser....your not BIZWAS are you, come on you sly devil admit it :)
Reported Bertiesboy post as abusive to moderator.
"...It was due to restart March - right?
Where did you hear/see that?
I agree Acechaser. The lower Aquifer has not been the issue, Newmont are the problem. Once they decided they were divesting Havieron in October 2023, the work went into creep mode. SD has to be polite and grease palms so as not to upset Newmont.
Surely the news we are waiting for is the decline restart - if it restarts, and who is paying for it....It was due to restart March - right?
Also to note, none of us were expecting an original update until may/june anyway. that, as we know has been pushed a bit and a new opportunity has since landed (telfer). dont really expect to hear anything from tomorrows update because anything next is probably very market sensitive and would not be timed to release on a pre-scheduled date.
having worked in or around the mining industry in western australia (1982-2001 between stints in other industries) and gained extensive experience as part of a high level project team (jv han**** prospecting/iscor 1998-2001) developing a large iron ore deposit i can assure all and sundry that the time frame for hav's development (up until the newmont takeover) is extraordinarily quick. to give you an example the project i referred to (i will not name it as it will give a clue to some as to who i am) had its seed planted in 1996 and did not reach mining (by an mining major) until 2005.
for me newmont have been a "spanner in the works" from day one and i have said so at every opportunity. yes we have mining issues going on but i can assure you we would have been a lot further down the track (i include the aquifer issue in this) if they had of not shown up.
which takes me back to my original point being the speed at which our project had moved.
although my patience is being tested i have been around long enough to know that everything that can be done to get newmont out of the picture is being done as we speak.
i am looking forward to the pending announcement that will tell us that that has been achieved.
Https://neo.ubs.com/api/super-grid-provider-research/v1/document/uec63891.pdf
Other factors which are supportive
5) Gold is not yet back to its old highs in real terms (for that to happen, gold needs
to rise 40%) and gold is inexpensive against other real assets such as equities.
6) Positioning. Our Head of US Equity Derivatives Research, Maxwell Grinacoff believes
investor positioning is not fully reflecting the price action we have seen in gold recently
and could be due for a catchup. 7) Gold stocks look inexpensive (on a 40% P/E
discount to the market vs its norm). Gold stocks have abnormally lagged the gold price
-normally gold stocks have a beta of 2X to the gold price. This implies gold miners could
be up 45% from current prices. The UBS preferred gold miners globally are: Anglogold
Ashanti, Barrick Gold, Centamin, Endeavour Mining, Evolution Mining. Maxwell
Grinacoff also highlights the following trade: Sell GLD Jul 210/200 put spread vs. buy
GLD Jul 240/260 1x1.5 call ratio, ~flat premium (GLD spot ref = 220.31; 23% net delta).
One tiny SALE among loads of recent BUYS.
Have I missed some news?
Hi. Sharketmare. That 27mil was from 10th Jan , not a massive position but with such a low daily volume it can have an influence. Be interesting to see the present position, i suspect a lot bigger. What is more important is why and who for. If they were short for trading profit they would have entered the market in the teens not at 8p. Acting for Elliot and Biswas maybe?
The short from Actus has remained the same since 1/10/23.
If you want to see news everyday, buy a newspaper. this is a business that is still growing, it takes time and as it is has already been fast-tracked to where it is today.
you sell because you need to, you buy because you think you will make a profit or your collecting to increase your stake.
SD can do 2 things, tell us we are moving forward or put his hands up, say its gone wrong and blow up his reputation.
far too much whinging on here, some blaming others or looking for answers they wont find.
decide yourselves what suits your own strategy and goals
Thanks for sharing. Reading this, the only short position is 27m shares from ActusRay, which out of 5bn shares in issue is a drop in the ocean?
So in a nutshell are shorts decreasing?????
Anyone
Sirmark, could you explain what you mean by 'selling forward'? Thanks.
Https://docs.londonstockexchange.com/sites/default/files/documents/aim-rules-for-companies.pdf
Restriction on deals
21. An AIM company must ensure that its directors and applicable employees do not deal in any of its AIM securities during a close period. In addition, the purchase or early redemption by an AIM company of its AIM securities or sale of any AIM securities held as treasury shares must not be made during a close period.
close period -
(i) The period of two months preceding the publication of an AIM company’s annual results (or, if shorter,
the period from its financial year end to the time of publication); and
♦ if it reports only half-yearly, the period of two months immediately preceding the notification
of its half-yearly report or, if shorter, the period from the relevant financial period end up to and
including the time of the notification; or
♦ if it reports on a quarterly basis, the period of one month immediately preceding the notification of its quarterly results or, if shorter, the period from the relevant financial period end up to and including the time of the
notification;
(ii) any other period when the AIM company is in possession of unpublished price sensitive
information; or
(iii) any time it has become reasonably probable that such information will be required by these rules to
be notified.
Https://uk.practicallaw.thomsonreuters.com/3-100-3459?transitionType=Default&contextData=(sc.Default)&firstPage=true#:~:text=The%20Code%20prohibits%20directors%20from,possession%20of%20price%2Dsensitive%20information.
The Code prohibits directors from dealing in shares:
* On considerations of a short term nature.
* During a close period (defined in the Code).
* When in possession of price-sensitive information.
Regarding the lack of information or radio silence as some would say it’s worth listening to someone who’s been there, done it and got the T shirt. Sunday Roasts interview with Paul Johnson on the AIM reporting restrictions. Forward to 31 minutes.
“You are not allowed to talk about the direction of your business “
https://youtu.be/BFuOPEJmwpM?si=L7mQ5VWUXDVIPnHA
PS. Freddie2 raising the aquifer again. 🙄
'The larges sells are ringing alarm bells to me...'
IMHO that's what they are doing, creating fear to get more people to sell for their masters to hoover up the sells. 5m sell did nothing to the SP still 5.7p to sell. I may be wrong but patience is still required.
As always DYOR and GLA
The larges sells are ringing alarm bells to me, I am a holder but having seen the trades for the past few weeks constantly walking it down looks very much like they are selling forward maybe... no evidence other than experience... but also looking to buy more.. just seeing the 1mln's and 5 mln's doesn't install confidence.
There is nothing to report and their lies the problem!
Thanks JSP - great contribution.
Why doesn't it say, Position 37, "Mibb Investments" ? Ha!