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Banana- yes even now it’s even Steven’s on buy sell volume yet 5% down. It’s an attempt to try and get volume. But it has t worked has it? When sentiment turns they will soon send it back up again if they think that brings the trade. But yes it is galling.
So on a total of 5 trades off which buys out number sells the MMs decide to drop the price 5%.
Scumbags. How is that creating a market ?
I am not concerned, just wanted to highlight the scumbag tactics in operation. The reverse of Robin Hood as looking at the sell trades the volume is so small they have only suckered the small PI
Phoebus sorry I forgot to include WSBN. I’ve a decent holding there too and, as you say, very much in GGP territory as well as NCM and RIO of course!
So you must have a good idea as to how CGNR's geology and state of play compares with the Dalradian story. Interesting to see you have plumbed for COBR and THR among the Australian explorers. I'm favoring ECR and WSBN based on proximity to major mines, Ballarat and Fosterville for ECR and Telfer and Havieron for WSBN. SGZ looks good, but not than many ounces for the market cap. AAU is waiting on that big dividend so that should do well.
Hi Phoebus,
Yes i was in Dalradian Resources too a few years back. OMI looks v interesting as does Thor, Cobra, Ariana less so, GGP despite meteoric rise still has plenty left, but my favourite is SGZ - very overlooked and also on the Dalradian belt and becoming a producer next month. Got quite a few in SGZ. I much prefer safe geopolitical situations, safe mining friendly jurisdictions.
CGNR certainly looks like it has the potential to be as big as Dalradian's Curraghinalt monster. If we get anything near that it should blow well past 200p. Any others look good to you? I have also taken a stake in OMI which looks like a monster.
Hi Phoebus, I monitor most (I think) of the AIM goldies. Some I’ve checked out more than others. But this one ticks all the boxes and is my top choice without doubt. It really could be the next GGP and I know that’s a big call. The only question mark is how quickly can AAZ get cracking and rattle through the phase 1 drilling programme. Because by the end of that we could easily be £1.50/£2.00
Hi Banarama, yes the price here currently is a gift. I simply don’t know how you could now not recognise the mammoth potential here. I agree that historically there has been, let’s say, poor sentiment here. But things are changing. Quickly.
I believe there isn’t another gold exploration/development stock on the AIM that matches this for upside potential.
£10m MC and they already have a JORC resource of 517,000 ozs and that is barely scratching the surface (literally) of the likely deposit here. It will be a major major gold find in time. No wonder the good Prof has such a huge grin on his face!
OK that’s enough ‘ramping’ from me for one day. I’m aiming to get up to half a million shares here and never going to achieve that if I keep shouting it too loud from the rooftops!
DYOR
GLA
Dibs, have you been researching just CGNR or across the gold sector? I've been looking far and wide at LSE gold shares and this is one of my top picks. 500KOZ+ JORC resource, JV pending. Current market cap looks far too cheap vs peers.
Well done Dibs61. Its painful waiting for the JV confirmation. I guess the SP is a reflection of historical sentiment towards CGNR and some disbelief that the JV will never get going.
Clearly AAZ are very interested in the resource and the JV, they have included this in many presentations. What is not too like about Clontibret ? With 517k Oz if Au rising to around a 1m Oz (due to an increase in cut off price ?) further exploration is only going to add significnatly here.
Within 36 months i would expect th resource to be many multiples of current size, and whilst the JV will result in a 45% share to CGNR it will be of a significantly larger resource of an increasing gold price.
£10m MCap is so disproportionate, when the JV is confirmed by RNS it will be too late. Imagine trying to by at 31p that day ! hahaha good luck !
The three 7k buys this afternoon were all by me and I will be continuing to accumulate at these levels. In fact the more SP weakness the better for me so take it down MM’s by all means if you like as you are going to be buying back from me for a lot more money I assure you!
My partner for this years ‘Strictly Come Buying’ is Conroy Gold. I’ve been researching for weeks and am now ready to take to the buying floor. In fact I’ve already had a few little flirtations but now the buying at these levels gets serious.
Keeeeep Buying!