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All the research points to it going higher at some point but drill results won’t be the catalyst. We’ve already had a lot of good results in the past.
There’s a lot of selling because traders are aware of where the SP will be after positive drill results. It’s like printing dollar bills for them!
I agree expect less and anything else will be a bonus
A lot of selling today
Don’t expect too much tonight. NCM control the flow of news I see potential divergence in comms between GGP who will want to convey bullish opportunity and NCM who will be more cautious to moderate gains in GGP sp.
Everything is progressing nicely at Havieron.
The re-rate will come in good time.
Yes glad that was sorted out as me biscuit fell into my coffee, LOL
Phew - I thought so! I think the MRE will have a significant effect on understanding (and for some finally acceptance) that this thing is big and going to keep getting bigger. I understand the current sp angst from some - but as a non producing asset the sp will just bounce around and be traded back and forth as it's hard to say what true 'value' is - but, there will always be a baseline and the new MRE will support a higher baseline, I think.
Hi TT, hope you are well.
I have to say, I found this post by StarBright, quite compelling....no?
---------
"...Manipulation. (23/10/21)
StarBright.
Posters here assert confidently that “the shorter” has controlled the SP for 9 months with a (short) position never exceeding 25m shares (£4m-£5m). During that same period the entirety of shares in issue have been traded, nearly 4.5bn shares at an ADV of over 20m. If one shorter can control the SP with such a small pot, why can’t the legion of small PI’s represented here have an impact when enough of them are motivated to trade?
Perhaps the most consistent misunderstanding in the narrative here is the role and impact of the market-makers. These desks are not omnipotent manipulators. They are flow businesses, making easy money (without having to risk their expensive/valuable capital) in two-way trade. They are better viewed as price-takers than price-setters. All they have to do is sit in the middle of the range in which people are willing to trade and clip their tickets on entry and exit. They don’t need to manipulate the price to make money. Price action here - in common with other PI dominated sentiment plays - is febrile, with quick rises and falls on relatively insignificant volume spikes very much the norm. This suits the MM’s perfectly...."
Z
Matty - on the ball!!! Well spotted that man.
Of course it's meant to say: Q1/22 (for the MRE2(inferred)!
Q4/22 is reserved (excuse the pun) for the DFS.
Z
Fair call zoros. IMHO, as you allude to, in part, is that the PFS, to me at least, is now a base plate. That will, maybe, as I see it, provide a growth for the sp going forwards.
The problem though, as it's been for some considerable time now, IMHO, is the clear manipulation going on with GGP. Many people pooh-pooh this view, but, do I care? NO! It's clear to me!
Let's see where we go, but, I'll be honest, I'd just love to see any GGP shorter's/manipulators get fried very soon!
I agree Hydrogen. Too many assays outstanding and too little time to bring the results to market. I wonder if he will 'pick and choose' what to publish?
IMO - I think the N Breccia first, then the Eastern Breccia is second in his drilling list. Oh and of course more news from the 'deeps'!
Best
Z
Zoros - do you really think Q4 2022, not Q1?
I'm looking fwd to finding out IF or what they have found in the Eastern Breccia and the deeps. Hydro and now Bamps think this could be a geologists dream about to unfold. Let's see if they report the 4 assays covering these areas?
It might be a 'tad' too early for the 5 JURI assay results, but one never knows with Sandeep......
I expect him to reiterate that the MRE(inferred) for Hav that was expected in Dec 21, will now be Q4/22.
Z
Afternoon all. Bit early for me as I am a night person especially when I post!
Day off today, no travelling and locked myself away.
Some ramblings if I may:
Bamps - you missed the conversations ongoing last night about the PFS and various views on what it represents, it already being out of date and what is hiding in the breccias adjacent to the SE crescent.....catch up old boy!
I would like to remind those amongst us who are beginning to feel restless about the pace of change (in particular wrt the SP). I continue to mention that only a few things 'rock the boat':
MRE's / PFS's / FS's / Bids / JV's / breaking news. Mostly everything else is nice to hear about (IE: assays etc) but they don't move the dial much, in the medium term). The CRUCIAL thing to remember is that we are all watching a film (drama) unfolding in 'fast fwd'. The rate of progress here is astonishing compared to the norm....remember this. The other reminder is that (unlike a rainbow) there really is a pot of gold at the end of the journey waiting for you and you've done the hard bit (invested and stayed!). Enjoy the journey, savour every step of the way and chat warmly with your like minded investors.
Z