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Gonna open blue...gla ..rise into news......
Six straight sessions of gains pushed the gold price to a 7-year high on Thursday as retail investors and hedge funds continue to pile into the metal, as a safe haven asset.
The gold price touched a new intra-day high of $1,626.50 on the Comex market in New York in another heavily traded session of more than 37m ounces by mid-afternoon.
Gold is up more than $100 since the start of 2020 and should the metal close above $1,620 an ounce it will be the highest level since mid-February 2013.
Every night I check the price of gold. Where the hell will it end up? !! There seems no stopping it.
Our Toronto Star had an article last week suggesting that listed companies are clambering to find old abandoned mines all over the globe. MNRG is ahead of the game with 3 large mines in the 7the largest gold mining area on the planet. Do the math, its gold prospecting not rocket science.
Bamb,
Thats why i jumped on board too, like the outlook and the prospects, and like you said minimal shares in issue = bigger gain per share
Brigdoon,
Thank you for the warm welcome,
I'm happy to be here and see how it pans out...
Kind Regards
DIFTK
yep, also jumped on board...gold prospect the safety net (and baffling why the share price not already higher) and the interesting romanian venture which could be a gamechanger here. Liking the main market listing and low shares issues..two more boxes ticked. GL all
Apologies DIFTK, welcome aboard. Generally this is a good BB during daylight hours (going by some other BB standards) obviously get the occasional dafty, having said that...it sometimes 'goes a bit'...well...after hours :)
ATB
Agreed 'NC', been holding since October..ish @0.25.... although tempted to buy more don't really want to 'average-up'..... Happy to gain (or lose) £x00.00 every 0.01... because I know this is a sound investment :)
ATB
Well said,
I been looking into the company for a while and managed to bag a few at 0.55p. I have a little under 300k shares, but looking forward to the incoming news flow on 2 fronts, Maybe 3 if the reverse takeover with another company happens, Who I also happen to be in.
Things are looking really interesting for this FTSE Minnow....
Kind Regards
DIFTK
If investors are like myself they will have no concerns but traders on the other hand...
Do not fear investors! Good bit of buzz on Twitter and positive messages here which is good. We are literally days away from our big news which has certainly been given the thumbs up by the geologist and CEO so as I say, do not fear!
The gold is interesting<, I think the initial thoughts was to just get the waste dumps and pillars to a processing plant to generate some low cost cash flow. This is still the plan but I think the untapped potential within the mines has got them excited - visible gold is always good!
Detailed review of the sampling results confirmed viable 1.74g/t recoverable gold from a specific waste dump outside level 6, the specific waste dump is made up of 2,753 tonnes containing 4,785.39 grams of gold.
As previously reported, the Company has been in the process of identifying a processing plant that will take the waste and process it; negotiations with two plants, both in close proximity to the Gold Ridge Project area, have commenced and are being progressed. Our review suggests that the most economical approach to secure the highest possible return on the ore within the waste dump is to blend it with high grade ore from the pillars, as a result we have integrated this approach into our overall plans for the Gold Ridge Project and plan to process ore from the vein at level 6 and the waste dump outside level 6 at the same time.
was that valuation not just for 1 out of 3 mines??
Agreed will check back in Friday. Love this share , so many potential revenue streams and some great guys on the board. They know what there doing. GLA
Quite a lot of the red trades are buys, so I wouldn't worry too much.
Just sit back and wait imo :) far less stressful than rainbow chasing.
Hot money moving around, worth waiting here for a week or so imo at the very least. Could easily do 100% in one day when news drops
Someone’s dropping all there shares.
I hope we get some news (Positive) this week.
GLA
People selling mostly day traders from the previous rise. Nothing wrong with taking a bit of profit if you can!
I bought some more yesterday on the drop and happy to hold
Crazy people selling out. Come on Rolf give us the news please ........
Cobra now up 20% upping the value of MNRG further, add the Gold Price = Daft SP !
Hold tight this will go up today
Some nice buys going through
So another revenue (Cobra 3.9%) is up 14% as I type, Gold price is flying, MNRG price weaker !!!! Mind blowing.
I don't get it I really don't....
Does seem crazy that we were down yesterday - let’s hope the ‘penny’ drops soon
Wow Gold price now at a 7 year high, there's just no stopping it !!!
Even stripping out the Oil involvement the 3 mines alone give a company valuation of $28million (based on the Chinese note from 2009)