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Yeah it sucks to have got in too high but that mid/upper 30s region is precisely where they'll be targeting when they run her around next year.
The couple of pence drop I was referring to the other day was predicated on the all-time lower trendline around 14p or so which also ties in, technically speaking, with Cannacord's 25p shout.
Ultimately, if you believe any of the "worrying news" then go ahead and cut your losses if you think that's the right thing to do.
I'm clearly taking the reverse read of all of it, it's just all too convenient ala HOC/GGP's placing etc, all very timely indeed and doesn't make a blind bit of difference to my mind as to where she'll be next year and the years following that - mid teens is mid teens and that'll do for me, whether it's 14p or 16p.
Yes. I'm one of them. My first purchase was at 34ish. I share your pain. But I'm also trying to add and average down as opportunities come round. It gets harder each time, when you haven't been rewarded on the previous tranche. But eventually, at least most the time, value wins out. The environment over the past two years has made value investors look like idiots, unfortunately. But it isn't the first time and won't be the last. I've learned the hard way, to be patient.
@swampmonster - Great for everyone else to get in at these bargain prices except the long termers who bought at the beginning of the year Jan/Feb at well over around 34-37p region , then it is depressing to see this around this price.
I did wonder how they might do this - either more production BS in January or something ahead of it - clearly it's something ahead of it just as markets top out elsewhere - funny old game.
Anyway, I'm sure you can all see the all-time chart bottom trend line from the 12p/2016 at around 13p now so you know what to do - doubtless we'll have a "clarification" RNS pretty soon and it'll be back to where it was ala HOC.
Doesn't make any difference if you're holding for the Dugbe DFS in six or so months time of course but what an opp for latecomers.
Those poor sods stuck in the mountain pub in Yorkshire with an Oasis tribute band, who thought life couldn't get worse, sure are going to be bleak they missed this.
HOCtastic indeed - well there's yer buying opp peeps for as long as this lasts - clearly they want us out ala HOC ...
Morning.
How timely ...
Yeah. There are a lot of buyers and sellers churning around down there. I narrowly missed 13.30, first thing. Happy to pick up anything under 14.50 now. Even if I'm just buying the gold in the ground, it's a screaming bargain. I didn't want to buy more, but after missing the HOC sale, I can't help it.
@Swamp Nice one, never thought I'd see this SP anytime soon
ATB APR
I think I'm going to take the bait and top up. Bloody hell.
The traders in here are going to do well with this. Perfect timing with a rising POG. Us long termers.... sigh.
Yes agree a convenient scapegoat for their failure to fix the excavators and raise production to normal levels
" the Company advises that the full year production will be below the bottom end of the 2021 guidance range" - thats convenient for Dan. After the 3rd quarter results everybody knew already that the guidance will not be achieved. Now Dan & Co can blame everything going wrong in the performance of HUM on the road blocking people...
Glad that I had reduced my HUM holdings before already...