The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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It's only a matter of Tyme :O)
Walter if I didn’t know better you’re sounding a little desperate.
Good to see some of our GGP holders still here backing our investment.
Tymers it's only a matter of time for certain
I think the mention of 20M oz would have been stated as a Conservative number rather than a hyped high ball amount. Given that and the fact open at depth and all directions is just mind boggling. Let's not forget not just gold but lots of copper and goodness knows what else.
It's only a matter of time before.
5% confirmed, Loan covered and cash in bank! Its only a matter of time before revenue at Havieron! Its only a matter of time before a strike on own tenements!.
It's only a matter of time before 88p!
Nice to see you still like speaking your mind Joe, hope things have improved with you, DH had mentioned you were a bit under the weather.
GLA
Summit your EUA comment is extremely crass
Some decent buying today, even towards close. Makes a change from getting the butt shorted out of it. A nice gradual rise now towards Newcrest quarterly results and our own RNS would be nice to see.
GLA
Burisma. 10% for the big guy.
Maybe not Putin, China maybe invades Taiwan. There is always a risk.
Sorry Summit but that’s a bit harsh - EUA investors have not been hit by any of the sanctions placed on Russia but they have been hit by a war started by Russia that not many people would have expected in this day and age. The SP has been decimated but EUA investors are largely trapped not knowing whether their Company sale will come to fruition or whether it is wholly dependent on the war ending. I had a little dabble there myself before Putin declared war but I genuinely feel sorry for the EUA Lthers who have been caught out by a megalomaniac - what if Putin had invaded Australia??
Might get a few deserting rats from eua jump on here if not already
10p finish
A bounce can be simply a diversion to the destination. Could be trade there. Bit better set ups elsewhere.
Im am currently short since 28th June and have book 50% profits. Its looking good.
6762.7 zone is what we will be watching for a potential long.
Get ready for the ftse 100 bounce as it nears the 7000 level , good to see ggp bucking the trend for a change
Jambo813
Great post and aligns with much of what our friend has been saying for quite some time.
However, there is risk as was pointed out yesterday. The question is, where is that risk. I know who my money is on and its not JPM (as i mentioned yesterday) which is sign posted by the US funds that have been reducing. Basically, JPM et al will roast the PIs who have piggy backed. Like PIs who get spiked, these PI shorts will get smoked!
Courtesy of CM...
'IF JPM are at or around 20m-24m and there are a minimum 65m+ short shares, of which another 2m are two US funds then we are looking at at least 40m shares from elsewhere. Say 20m are PIs, which could also be leveraged. JPM will have SI access...PIs wont. In that case no winner but there will be a few losers... Watch them turn to carbon.
We have an idea who they are...fairly certain TBF.
I borrow an orange from A and then lend it to B or I use it as collateral in a DELIVERY BY VALUE trade.
The DBV trades are overnight and used to borrow cash against collateral ie shares. They unwind next day but can be rolled overnight again and run for as long as you like. Only fir the big boys and members of the Crest/Euroclear system
Jambo , great explanation but is there a plain English version?What is dbv , how can they call back ggp If they borrowed it ?Thanks
JPM borrow GGP against collateral of stock (s) they hold long term.
JPM use the majority of borrowed GGP as collateral against other stocks or cash they borrow ie in DBV trades .
The advertised JPM / GGP borrowed/ short position attracts other actual shorters.
Meanwhile JPM nibble away at the self full filling drop in the SP
WHEN JPM have filled their or their clients boots, they call back the GGP collateral and close out the open loan returns. All in one swoop . True shorters are caught out while JPM enjoy the price rise from there on in. No risk attached .
Message to the shorters.
Your situation is becoming desperate.
You have stretched the elastic band as far as it will go.
We all know what happens next.
BTB
Could you please explain the mechanics behind "They could all end up taking each other out in a damage limitation move".
Not quite sure I understand how this would work JD? The shares have to be returned to whereever they were originally borrowed from, so trading intra shorters wouldn't solve this?
The power of a the crowd could overwhelm and as you say blood bath. But for who?
According to a friend some of the insto shorts have already started reducing their position, that is official having just checked. JPM looks the same on that 0.5% (plus or minus within an additional 0.1% [4m shares]). Then there are the PI shorts. They could all end up taking each other out in a damage limitation move.
Interesting times ahead.
I agree , it could be a blood bath , who’s going to sell when this seriously turns , could be a 5 month wait but , if the 5% is done and published beforehand, who knows how high this will go .
Message to the shorters.
Good luck in your attempts to buy back 63m shares.
BTB