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Aqua, I never mentioned anything about warrants. I, like you, am here for the long term.
I’m explaining what I expect and what is currently happening with the fluctuation. The journey to the destination is never straight forward, always prepare for the turbulence and the diversions along the way. Then and only then will we reach the destination and be rewarded.
https://seekingalpha.com/article/4376036-how-to-ride-this-precious-metals-bull-market-to-top?utm_medium=email&utm_source=seeking_alpha&mail_subject=must-read-tesla-to-make-cells-in-germany-umm-not-so-fast-elon&utm_campaign=nl-must-read&utm_content=link-7%20Mid-Tiers. With gold/silver plays plus nickel and other minerals.
sitting pretty good imo
With a number of gold/silver plays this makes worth a gander.
https://www.kitco.com/commentaries/2020-10-13/Gold-miners-it-s-time-to-buy.html
Dean most of us couldn't give a damn about short term volatility we are here for the big hit. It either happens or it doesn't, but if it does warrants are irrelevant
so far since july 50m warrants have gone through bringing 429 k in cash to power.
Pretty much the MMs playing games. Junior miner making massive gains and movement within the past month sets off the alarm bells.
Control, set back and re distribution before moving on to our next range. 2.20-2.30 next week, then the vultures begins to swarm offering a more volatile SP.
Then repeat as above
Could the warrants lower the share price giving an opportunity to buy more.
we seem to have hit the land of warrants on our upward cycle, we may need this cleared next week , there are a lot paying
in to power metal and new shares being issued through next week, it will depend on how urgently the people receiving
the new shares want to hang on to them.
it will be a fine balancing act for paul with his announcements.
Assuming drilling at a pace of 45.5 meters per day and weekends are being worked then Tuesday/ Wednesday should see the target depth hit and then the samples will need to be analysed. So RNS Thursday or Friday next week is my guess
something tells me that there is a large overhang of stock, once that goes we should be up and away.
Analyst view on Gold
Long-term gain
While predicting the price in the short term is bleak, and there may well be further losses, long-term expectations are much more optimistic.
Duncan MacInnes of the Ruffer Investment Company said he has put 8pc of the fund’s money into gold as he expected it to reach new highs in the coming years, even if there is a short-term fall.
Over the long term, he said, it is a “perfect setup” for the precious metal.
“A decade ago investors were optimistic that central banks would raise rates following the financial crisis but after 10 years we are much more indebted than we have ever been and rates have barely moved,” he said.
If the same pattern materialises in the coming decade, gold should pass its August high. “Over the next decade it is hard to think of an asset that will do better than gold,” he said.
For British investors there is even more reason to own the metal. Gold is traditionally priced in dollars, making the exchange rate another key factor. If the pound weakens, as some expect in the case of a "no-deal" Brexit, the price of gold will rise, he added.
https://www.telegraph.co.uk/investing/gold/gold-has-lost-shine-will-sparkle-soon/?li_source=LI&li_medium=liftigniter-rhr
I disagree about the price of gold. The gold price has remained remarkably steady since its peak of $2000 earlier in the year after a sustained rise. This is the bit that it is unusual and encouraging. If you want stability look no further than the price of gold. However, once the American pantomime is out of the way we might see a more volatile gold price.
Gold down and Bitcoin up
These are interesting times for sure
COB 1.90p - Human Error
Sorry - see how she moves tomorrow and if any after market trades?
GOLD down US$30.00
Sit Tight - IMO
It's bottoming out and should start an upward moment again - All in my opinion!
DYOR
This share isn't going to close down today at -10% IMO
They are after sellers at moment - may close down 2%-3% but not much more IMO
DYOR
Nice to have a pi who has experienced the rise of a small cap explorer on the BB stuart. Must admit pretty confident about the Molopo Farm drill from info released by KKME and PJ.
KKME on 17th Oct released this message "The drilling programme started on Thursday 15th October on Target 1-14. By close-of-play on Friday (16th October) the drilling had reached a depth of 91m. Mineralization is expected at abut 505m."
PJ tweeted on 21st Oct "Of four established targets, the key target is an 80 km long ultramafic zone (“the central zone”) with one rock chip sample returning 13% Nickel and 2.33 grams per tonne of PGMs". We have also seen pictures in the POW picture gallery of the Nickel Sulphide in drill plugs at depths less than 19 meters. This would seem to indicate that whilst KKME expected to have to drill down to 505M before encountering mineralisation, its proven to be far too conservative, unless I am misinterpreting the data? Anyone else have any thoughts or insights on this?
A paper fortune Dean, yes I am, very lucky, but have bought from 0.0056 all the way up to 20p to get my holding in GGP, staying in there for the end game as see it as essentially derisked now with my average at 3.2.
Pow is my pick of the juniors today(Gamble pick). I have some Solg as a considered punt after their last two RNS's also.
Must be sitting on a fortune with GGP Stuart! Hopefully POW offers the same!
Hi Stu
Good to see you here .
I agree that this has GGP virtues
So much news to come and PJ is a wizz at marketing. going to be a fun few months and then years if we hit, ahead.
I am still in GGP, 4 years and counting. This has many of the same traits that GGP had 4 years ago when I invested.
Good luck to all, BUY THE DIPS.