The usual. MM's put a couple of reddies in to panic people who just woke up and didn't read the RNS.
Well that's what I did... except I then read it instead of stampeding into my trading account mashing in wrong passwords with my bleeding fists in a panic..screaming no no no no..Fifty times NOOOOOO!!!!!!!
pablo2 (how are you mate?) - you are spot on, but I see the reason lightly differently - more positively - to some posters.
It's a cloak and dagger 'nod nod wink wink' world we live in - none more so than with financiers. What gets said in public often isn't what's said in private.
On an entirely separate note ;-) ;-)
If you are looking for investment from IIs over the next week, you ain't going to talk the share up in a massive 'pump' RNS with a happy-clappy 'we're about to get minted' tone, so the IIs are potentially put off investing thanks to a rise back to 0.9p-ish and therefore lost profit. You're going to give a nice, concise 'just-the-facts' RNS that covers the bases but no more. Once the price has fallen enough through the sellers despairing and the traders trading, the IIs can get in cheap.
Think I'm wrong? - Look at HMB recently. They pumped out ridiculously optimistic RNS after RNS while the operation and strategy collapsed around them, with the share price in hot pursuit. Finally, they released a very factual, clear RNS with a balanced tone that admitted the issues. The shareprice plummetted as terrified PIs fled. Things weren't that dire but without the sugar-coating, PIs assumed things were worse than they were. Within days an offer had been made for the company by African Resources and the share price spiked in the following days to from 0.85 to over 2.60 (now excitement has levelled off and consolidated to 1.92).
How do I know? I sold at 1.10, near the bottom. I never saw the offer coming, and sold at a big loss. I won't make that mistake again.
Still not accurate lol. Need a calculator and a brain full of coffee to get it working..
What I do see though is small holders selling out to bigger buyers though,shame. THIS is exactly where the buying should be at when chances like this arise..
Pity to sell out when you can get these at 'last years breakages' prices to reap these 'new production figures' rewards. Gold prices will be up no doubt, More 'inhouse' refinement of Ore with sparkly new updated gear(no external treatment costs) June to see bigger production plans. Winter to see new treatment plant building. Then access to deeper reserves.. This time next year Rodders n all that :P
Keep up the good work - not my bag working out all the tonnages, efficiencies etc even though I am a bit of a stats man, just never got round all these reserves, tons, ounces, and grams. Come to think of it aren't all reserves classed as g/t and yet it all boils down to ounces of gold?
Anyway off out now to see a man about a dog - going to rescue a springer!
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