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JH wouldnt be selling at a loss his last tranche were purchased at 14p
Agree, but traders are not committed. If they can see £50 profit or think another share might make £50 tomorrow they will sell. Come back only when news is expected. Then sell as soon as the news is announced. AIM is for the 'quick and the dead'. I wish it were not so. Only by seeing or convincing yourself of true value can you afford to hang around. But I am stating the obvious for investors here. Looking at what we have here and news to come I feel fairly safe with my investment.
Being realistic Sprott has to be 'in' & committed until the end game. Just like JH + BH et al?
Surely Sprott would kick arse if he was seriously worried about being underwater.
I'd be very surprised if it's JH selling. He's taking one helluva loss if it is. Like any LTH would at the moment. More likely to be someone's been left a wedge via a Will from a deceased LTH. And who simply has no interest to hold on to & have instructed a broker to dump.
I do find it a tad frustrating that the BOD are quite quick organising shares to be bought to facilitate working capital and their own remuneration packages but never seem prepared or able to find a buyer to take the slack when there's clearly a chunky seller about that knocks 7 bells out of the share price.
Like I boringly repeat - they don't care about the current s/p. And won't until it suits their own ends ie an end game. Kinda perverse really imho.
Yes 20:1
But 1p possible too if they give up
from 22.25 p to sub 1p is some shout for one shout scott !!!!!!!!!!!!!!!
Must be JH selling off
Looks like going sub 1 p
No buyers until close to MRE hype kicks in
Well this can recently this arbo. be bought for under 22.5p.. so my last guess that this will stay closer to 25p than 20p -ahead of a small rally - is wrong too.. another oh well.. and at least I've been very consistent here in being wrong in every call i've made on share price movement here over last months !
And instead of next glibly predicting this won't go under 20p, best I just shup up predicting here altogether, I feel.. and just accept that it has been a shamefully bad 'view' by me here. altogether, so far.. and so inappropriate for me to offer further s/p predictions, at least...
Also, who is consistently selling at this level is a question I'm not going to bother thinking much about either.. but if it's a size holder gently and continually selling down regardless of price then Mr James Hudleston has got to be strong strong candidate imho... but maybe it's just short term ist PI speculators bailing bit by bit.. with so little buying in parellel too..
IMHO There is a large seller thats dumping stock into a market where there is no demand.
Until demand picks up or the seller stops dumping then the price will continue its decline.
PR is a shambles, BOD are clueless.
One has to hope value wins out. In times like this it cant be send enough. The assets are incredibly undervalued.
Read the Cenkos broker note again, yes I know they are the house broker etc. But its all based off standard practices, 64p.
I'm well underwater here and it's very depressing looking at the share price drop day after day. I wish I'd paid more attention in the summer and sold up at a small profit or small loss.
Really unsure what to do here now. I don't want to crystallise a huge loss, but I also can see this heading lower until/unless the market gets excited again.
Final assays if not accompanied by some positive PR will create SFA interest.
Don't forget the cunning marketing plan to improve the sp performance being masterminded down in Western Australia.
Final assays due anytime from next week onwards
Drilling commences at Felix mid October
Late October/November for MRE
Plenty of news due well within 3 months.
Rolfey. It’s just an aim timing thing imho. If they can’t make money this week they sell and move on
The consensus seems to be 3 months or more before an update that is comprehensive. That’s too long for aim. So either patience until 1st half next year or sell up and buy back in q1 (late)
That’s how I see it. We will get our reward but will have to wait
I wonder if perhaps Bill has shook hands on a deal and cannot be bothered with updating the web site and getting involved with publicity that will make no odds to his final result. Perhaps he just thinks that true value 'will out'what ever he does now.
I put Labrador Gold Corp into my virtual portfolio ( which I think is another Eric Sprott investment) a few weeks ago. Had I actually invested I would now be 36% down. So it is not just LND.
The gold price has also stagnated over recent months although I think it is a good price still.
Unless we get news of a takeover or the gold price goes over $1900 again patience is required.
That's how I see things and will be holding for the foreseeable.
I think Landores idea of a marketing campaign is a tweet everyday about the metals market.
I have been in LND for a good while and It just keeps dropping....losing faith here to be honest.
Rather a provocative post Scott. Care to rationalise?
Looks unlikely to recover anytime soon
Punters locked in now until possible offer 2023
I'm trying not to look in here.. but with this punk share down again today I've just had a peep and see some very high quality real world posting here in recent days.. thats much appreciated, thanks.
I applaud the companies openess and honesty in offering that around 2m ounces of gold proven up is when this becomes a serious buy out opportunity to relevant industry players .. alas, there may well be fairly big time gap between there and where we are now .. and as AIM is generally a short term 'in play' betting market, such significent s/p 'drifts' in such circumstances are not uncommon.. ............'oh well' ...
Hi AM,
I don’t take any issue with your MRE timings; last week October or into November makes no odds to me. What matters is how they market the damn thing.
That is the crux of the matter.
Gaps of 4.5 weeks, 3 weeks and 8 weeks (minus 2 for xmas, and a clear delay) . Not saying this is going to happen. But very quick turnaround times cannot be ruled out based on past data - which should be the best way of telling.
Final assays RNS 12-JAN 2017 ---- MRE released 17-FEB 2017
Final assays RNS 17-JUL 2018 ---- MRE released 7-AUG 2018
Final assays RNS 24-OCT 2018 ---- MRE released 8-JAN 2019 (with an interluding RNS essentially saying there was a delay 2 weeks before Christmas)
If you look at the past turn around times, MRE may be close than I think the market realizes and end of October may be a possibility.
Also its easy to see when Bill gets REALLY excited. The RNS title goes full caps-lock on, this is the level of excitement we cap look forward to:
MAIDEN MINERAL RESOURCE ESTIMATE AND REPORT
Mads,
Absolutely spot on.