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On the ask ;)
The sleeping GIANT. ;)
I'm certain this is probably the case, look at Gold and current HSBC are predicting an 8% rise on Gold Price alone over the next week with the elections. http://www.bloomberg.com/news/articles/2016-11-01/buy-gold-no-matter-who-wins-the-election-hsbc-says
One would almost think they are trying to put buyers off but that doesn't really make sense, not to my small brain anyway
Surely some games being played here, strange activity with the bid and offer.
...........and just the tiniest amounts are going at full ask. ;)
Meanwhile I hoover away all by myself ;)
Further news due over the next 6 weeks
Meanwhile Gold at 1300, multibagger in the making right here
Small resistance between here and 2p
Nice
Yet again a plunge at closing from 1.75 to 1.675 although neither the chart nor the day's 'change' (-0.05) reflects it. ????
Yes, but bad times for the world :(
Good post, still not many shares in free float plus plenty of news due by Christmas in addition to Americas 20 Trillion Dollar Debt. Good times for Gold and Gold miners. ;)
Well, you have to remember that there are something like ten times as many shares in issue now as then (late 2007). I can only see how many share were in issue at the end of 2009 so this is a bit of a projection but I suspect that it is about right. So 22p then would correspond to 2.2p now. I believe that new investors are playing a waiting game here. The movement to underground mining is fraught with difficulties (as is any new mining operation but underground generally is more prone to problems than open pit for obvious reasons) so some indication of ramping up operations from the new underground operations will materially add to the confidence. Still a bit of a punt until the operation is in full swing but the potential is very attractive, particularly given the level of resources this has.
and this was 22p a few years ago when it wasn't even producing
Plus not many shares in free float, when the herd does arrive the mad scrambling of shares will send this into orbit and beyond.
and that is on no sells ;) A great long awaited RNS came out the other day but unfortunately all the pis including share holders slept through it. lol however it looks like we have plenty of other great rns's inbound before the year is out.
Some very peculiar price movements here, always seems to drop multiple kopecks at the death after being up all day – doesn’t give one any incentive for topping up
Buys above ask now
LOL In AUCTION
Any comments on this fantastic RNS?
Fantastic RNS with further news on its way, back to 5p and above me thinks
Many thanks Daisan (once again) for that encouraging and incisive appraisal. You really should set up your own investment company and charge us mortals for your research rather than distributing it for free on bbs. I too have just dipped a toe into GBGR as I thought the time was right to take advantage of the sp following the shutdown of ops for the transfer to u/g mining. The potential it offers at its main mine (if one believes in the figures) and for future prospects at Karasuyskoe, is exciting although patience is obviously needed. Re the country, hell one of my main holdings apart from SHG (on a continuing upward trend) & AAZ (nice rise today) is in Zimbabwe and it too hasn't stopped heading north AND it pays a handsome divi. Re your opinion on the pog. I do expect another correction before the big crash - a Donald presidency?, an Italy default?, a Deutschbank collapse? a China or USA housing/bank implosion? a Ruskie v USA escalation in Syria? Strewth, there are so many black swans flapping around it's difficult to know with one will land first. But I hope your worst fears of $1,000/oz are not realised although I watched a video last night of one Harry S Dent jnr who is forecasting the pog to plummet to $700/oz or even $400/oz and stay there for the duration of the recession. Something imo which defies all logic (hopefully). Anyway, thanks again. May all our horizons be golden.
Apologies for not replying sooner. I only have a small amount here currently but am considering adding more. They are at that stage where there is a great deal of uncertainty about the production profile as they move to underground operations. From the news releases the process appears to be going well but we all know that this is not necessarily the whole story. So, on the downside there is the uncertainty of production which can have the obvious funding knock-ons. There is also political risk but whilst Kazakhstan is not on my bucket list of places to visit, it is relatively stable if far from democratic. And finally it is dominated by one shareholder which I am always a little wary of. On the positive side, Sekisovskoye is an excellent resource with a decent grade (in this era). 5m oz puts it in the 'large' category, although 2m of this is pretty deep. While the LOM production is stated as about 1.9m oz, it is clear that there is potential for significant improvement on this, probably through extending the mine life rather than significant production increase, although I expect this to be incrementally done as well over time. And then there is Karasuyskoye. Who knows what is there currently but they paid $27.5m for it and they have visibility of the historical drill results, sample, trenches, etc. The latest indications from the company suggested that they didn't overpay for it. Considering how much they paid for it compared with other projects around the world, the indications are that there could be something very interesting here although it is probably the right thing at this stage to ascribe little value to this. The Sekisovskoye operation, once complete, will easily justify the current enterprise value. However, I still believe that AAZ and SHG, at this stage of GBGR's development, are lower risk options whilst still providing a great deal of upside, dependent, of course, on the price of gold. Long term I am very optimistic about the price of gold (which implies very pessimistic about the world's economic prospects). I firmly believe that it will hit new all time highs in the next 2-5 years. However, in the short term it could come under pressure. The medium term uptrend looks under pressure and it is not clear that we have yet broken the longer term downtrend. That said, I don't expect a downside of lower than $1000/oz and the buying opportunity at that point would, for me, be phenomenal.