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Lawrence,
you can't be ****ed off yet.
The new management have every excuse for 2020, but for 2021, nobody is responsible but them.
Lawrence13, keep the faith, you have been well rewarded before, you will again. Just remember what happened when Pavel came back. He understated the production and overstated the costs. 12 month down the line he was telling us, how well he had done. If you were the new CEO, would you want blockbuster results, that you have to beat next year, or would you want a poorer set of results to hold you in an even better light.
I am not saying this is what has happened, but, if I was the CEO, Thats what I would do.
Yes it not nice to see the price go down, but in my opinion, there is very little downsize, but still plenty of upside.
One more thing: I really thought the share we ripe for an uplift and like many here was looking forward to the results but to see the mines down around 16-20% output really deflated me as well as the markets
I did but that was last friday before the end of year results Tuesday, surely you can feel my pain.
Very queer post Lawrence13, for someone who says they have just bought more ?
No way 26p more like 22p
Gold doing nicely, maybe it's time to change direction very soon.
Looks like we might be going down to around 26p before we bounce back up, hope I am totally wrong and it turns much sooner.
Call options. Agreed, risky!
Some drama-lama posts going on here.... SP is on the longer uptrend line, last low at 25p was also on the longer uptrend line and just past the 38% Fibonacci support line....
Time to top up end of the day or tomorrow I think. Good price!
rashariati,
Are you feeling okay? what are you talking about.
Are you one of the shorter's? your talking about PUT options, do you know what that is used for, its to short the stock.
No we are not in the US, in the UK they use CFD for leverage.
However wee are not taking about taking excessive risk, just the normal buying etc
Investor3, seriously, Give it a rest, We are not losing heavily every day, the truth is, we are not getting big swings either way, it hasn't moved 15% in total in 2 months. And it is higher now than what is was 2 months ago.
If you are long, the swings and roundabouts are what shares are about, they very rarely, if ever, go up in a straight line.
The price will move upwards when there is a reason for it to move upwards, i.e when gold price moves markedly higher, when the company announce "Real" Positive News, if we can see debt coming down quickly, if we can see cash balances going up quickly,
It will not go up with Lame updates and excuses. Because in my opinion thats what we got a few days ago. I EXPECTED a bit more positivity going forward, and a higher cash pile.
It was a positive to me to see the proper amount of debt and cash pile shown separately, but it was not an update that would inspire me to put more in now. The reality is, Show me the Money POG, then the share price will reflect that.
Sadly you can't buy put options in UK, I believe!
Lawrence13 , are you serious.
I think your missing the point.
We were down 3%, while writing we starting to improve to down by 1.5%.
The whole point is so we don't end up all the way down to 20 but instead to a log higher, there are a lot of retail traders and it can all add up, even a little bit each.
Yes if it improve anymore we could see 20p by easter
POG is already improving without anything, just from the suggestion.
Can you imagine if we all just started buying now..
We are losing heavily every single day..
How much more can we lose, but more to gain, at the very least we get start getting our money back..
POG is not a company that is going bust, its a gold mining company with good asset and future, its not the same as companies that are going bust..
if you want to look at shorts, just look at the Tremor board on a share that has gone up massively ( its a games company ) that some say are losing money rapidly, but it is heavily shorted and there is a campaign online to try and burn the hedge funds. It was over 100% in one day and over fivefold this year alone, Crazy times, and someone will get badly burned playing with that type of fire.
But yes enough people need to start buying.
Also its not just one company that may have shorts, there will be plenty that stay under the radio as they do not have enough to disclose to the markets.
I am sure we have plenty of people just on this board.
They have deep pockets that's why, however it needs to rise enough and they will be forced to close the shorts otherwise they will get margin calls left right and center.
Investor 3 they didn't close there shorts when it was over 40p so they are not going to do so now.
It has been widely said that the short, is probably an arbitrage play against convertible bonds. I don't know that, but it is a very good assumption.
I’m actually getting very sick of these shorters, everyday all I see is negative pog.
They just do not let POG go up even when it’s trying very hard to rise.
We can actually all do something about if we really wanted, but it will mean we all need to start buying a bit, if the price rises enough then the shorters will have no option but to close their short positions.
We can all get our money back and some will even make decent profit, they can have their algos and we can remain human...
Any thoughts....