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Chris,sounds very doable .likely to be over 45 p today . Not gonna get sub 40 today .
I think you'll find the chart ... with a few green shoots is now looking ripe to go on and beat 60p within a few months. Buying this morning as expected..
Rubbish
Wg ,the sp will do what it will do . I have learnt to be relaxed about the sp .buy low sell some on spikes re buy . I am also happy if we dont hit the thirties and rocket . I will be surprised if we drop much from here but who knows but I have a bit more I could stick in and like best value for my buys .
This will be down again today, we must have news.
Hello gents, unlike you I hope there is never again a chance to buy in the 30s. There's been plenty of opportunity over an unpleasantly extended period to buy at ridiculously low prices. I now want sp to rapidly increase to reflect true current value and even greater future potential.
Munch, I hope there is an opportunity to buy in the thirties . I sold a chunk at 27-28 to stick in a few biotechs and have just started buying back in here . I think there will be the odd pullback and goldies will drop dramatically if there are any drops in gold price but medium term gold looks strong to me but there are no guarantees in this game . lot of quick profits out there atm so I am prepared to move in and out and take profits .good luck .
Let's not forget, Mark has had to reduce his % of share capital from 4.4% to 3.7% post placing. He wouldn't have done this off a whim, he would have thought long and hard about it. Let's hope things are accelerated with this cash raise. Box off those final land purchases and I'd love to hear the size of plant/cost of plant Mark is eyeing up!
If news from advfn is correct and a mention of being down to last 10% of land Purchases and the surprise early raise then i guess we might see a tasty RNS for completion of land purchases sooner than expected and maybe the mine deposit purchase RNS. maybe the £6.6m + toll mining deal = equity we need by year end for going to production. Maybe also a bit of that cash will restart drilling to prove up 3-5m ounze district. Thats food for thought.
By the looks of the decent replies I might have a loyalty card here for what we all went through with Cnr 6-8 months ago.
I wish you guys all the best here. Hindsight is a wonderful thing “ thelearner” It just shows you never to be greedy or to fall to much in love with any stock.
Seingred nice to see your still here, I hope there is not an opportunity to buy in the 30s but for me personally the market in general is very toppy and I feel it all just needs a pull back including gold.
The next end of land secured and maybe an offtake will really put the cat amongst the pigeons.... but I fear it will not come very soon hence the market will catch out many stocks taking them lower.
Munch,you predicted that the permits were going to take a couple of weeks remember . I doubt you will be buying in the 30 s but you never know .if so I am going to add . If it didnt drop to placing price today its not likely to in the foreseeable future but anything is possible .Thats why its best not to go all in and always keep a bit back .we could have a sudden short term collapse in gold price .That will be another buy opportunity imv .
Hope you are wrong about mid 30's munchbox - I just took another £5k - if Jim Mellon is putting another large chunk of cash in he is very confident about the future.
I hope some of this money will be put to use drilling and proving more resource.
Must admit - I was tempted to top slice at 64p - hindsight is wonderful.
Looks like this was coming. However it’s really interesting why they raised that exact amount n not more fir example.
I think they have legally agreed the purchase with land owners and this is the sum they required.
Long term much higher sp most definitely but short term I can see the sp testing mid 30s. Just my opinion.
Good luck. Still can’t feather myself to buy. Remember there’s not much happening until land is purchased.
Fun could be over for the short term.