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Any large quantities, goes to NT every time,
GLA LTH MM,s Struggling to supply the demand, imo When the CEO sorts this out it will fly
Looking like I was correct, no free float or sellers down here...when news lands should move quick time combined with raising gold prices
43.6. Shpuld be a great day today. I will be surprised if this closes below 50p to be honest.
Very Fast, dont miss the train,
GLA LTH Choo Choo
To Buy Now, Managed to get in below for my top up, see this going to 50p today,
GLA LTH THAT WILL BE THE START OF THE RE-RATE, IMO
For a few more NT to buy, they need the shares , huge re-rate back on the cards today imo,
GLA LTH Not many shares around to fill demand
A Huge Buy, and Holding what ive already gathered in, just a few more days and this will be back up there, potential is massive,
GLA LTH gone from a 200 million Cap Business to this pitiful level is nothing short of ridiculas value, BUY!!!, imo
No.... just book balancing and priced in
Just test the buy size, can easily sell full holding
Probably, yes. But as I see it ii are very unlikely to sell at this price due to them losing a lot. Meaning it's only small pi who will be selling, and most of them will be in a lot higher. So basically hardly anyone wanting to sell at these prices. We shall see anyway!
With the 396,900 shares sold into the market after close yesterday will the Free float increased?
Free float 5.61%!
Closed in auction 5% up on the books.
To be fair, it was huge but it was absorbed easily.
Gold moving up
OMG! that's a biggie sell 396,900 shares - wonder is it an ii selling? pi won't have that sort of money in one share.£156.78K must have paid much more for those shares before.
IIRC CF were potentially selling down from the £s, the overhang never really cleared as it dripped to 94, the drop to 40p was to probably cover the overhang, SP movement and liquidity today suggests it's clear ... had to NT for an hour around lunchtime to get any
the PI freefloat here is 5.61% as per website one of the smallest i've seen in AIM, would also explain the drop from highs
but DYOR of course still risky
apologies LTH...
As I see it, there are reasons this dropped from 236 to 96, which (brutal as it sounds) are not my concern. From what I gather punitive inter group funding to reward the few. What is far more interesting to me and hence a very strong buy is the fact this dropped rediculously for what is essentially a resolvable labour dispute!? As you say 70% owner and where else would you find a producer this cheap! This is a cash cow and I fully expect a resolution in days, not weeks.
Easily achievable tomorrow so roll on the bounce
Fag packet calculations... they’re losing out on around $50,000- $100,000 profit per day the mine is shut, so you’d imagine this will be resolved quite imminently, reserve depletion was today hence closure of mineHopefully gold prices sustain at these levels, it should somewhat cover the increased AISCAs for funding it’s unlikely that a 70% owner will allow dilution , perhaps he’ll pump more money in ...?
His looks to me to be a ash cow for the group. It will not be down for long.
Drop is difficult to explain as there weren't too many large sells, possibly covering for an overhang of some sort at the £1+ level...easily would've shifted now at these levels and sp looks to be in reversal?
NAV was still around 70m GBP at March QE and was still reporting an 8m EBITDA.... refinancing will come IMO
Just need the staff and mine working again, which will be soon hopefully
Only at 33m mcap for a 200,000 oz gold producer.....
Im going to report this carry on to the FCA . Something fishy has been going on for a while with the share price steadily falling for months then a huge drop. The thing is there arent enough shares in free float for these drastic price movements. Out of a total of just over 80mln only around 16mln are owned publicly. So even if all the owners of the shares in free float sold there wouldnt be this much price action and nobody has any significant short positions to drive it down that way. Monday opened up at 50p after closing at 94p on the previous Friday !!! Something else at play here IMHO.
60-70p over the next few days, any let up on the job front, Boom Time,
This Company are going to generate Massive cash flow over the next 12 years, a good hold for the next few months and longer, imo
GLA LTH The MCap is way way too low,
12-Jun-19
17:07:01
39.50
396,900
Sell*
40.00
41.00
156.78k
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