The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Tipping LBE a week ago would have looked a bit sharper!
nice rise today...LBE Worth a look at too....looking strong today may go above 5
Will 5p go today ?
Informed buying or just the fact it has 'gold' in the name??
Great . Even better
All I hope is that BlueGold did their due diligence and it was clear that the funding they provided would have a material impact and provide them a significant short term return.
Maybe? Surely? Could it be? GRL have cracked it just as gold hits $2000/oz...
I would take a 10-20 % increase each day for a month or two
Well, here's hoping ! Long way to go. They need to get it right this time, or it's game over in my opinion. Very optimistic though.
grl falling back all the way to 2.5p or so and now gradually climbing back to 14-15p level ?
Good to see the SP still inching upward. Hopefully we will get a well needed update on the Akrokeri upgrade works soon to back the recovering SP and push it onwards.
Well it's pretty binary innit. They've mined gold -> it's worth more than 3p. They haven't mined gold -> it's as you were. I guess they mined gold judging by the price action! That's what happens when a shareprice falls to rock bottom - it can only go up pending even mediocre news! Lets hope the operational news is better than mediocre of course... GLA
17% up on last weeks lows and looks like a bit of buying will see another blue day today as full ask being paid atm....
Full Ask for anything at Barclays so could see a further tick up....
Cmon let’s get up . It’s a minor rise to previous highs but it’s a step in right direction.
“…Well chosen gold miners can offer premium returns above the gold price and a more rapid appreciation than the product they sell. Investors looking for value might look beyond the mining majors to small gold miners…”
Below we pick out a 14 small cap gold miners worth watching :
#CHF #ECR #EEE #GRL #GGP #GUN #LND #LEX #OMI #PALM #POW #SRB #SHG #THX
https://total-market-solutions.com/2023/04/is-the-gold-rally-here-to-stay-14-small-cap-gold-miners-worth-watching/
Maybe Akrokeri is why Blue Gold got involved - Goldstone needed a partner to develop it (financially and possibly expertise) and Akrokeri can get fast tracked with their support. It wouldn't surprise me at all in which case it could be a strategic move (by both parties) rather than just a shore up the balance sheet move.
I don't know because I don't know what it will cost at Akrokeri - from the drill depths 50m+ is this going to be an open cast mine or an underground mine so I don't know how much it will cost or how it will be funded. When we talked to Emma on an investor call she said it was a big project and would need separate funding. But of course - with enough lead time, enough years churning out gold at a high margin you could theoretically accumulate enough cash to develop a second mine but we're not in that position.
It was encouraging to see some strike at surface at Akrokeri. At least the surface stuff you could truck over (it isn't far from Homase) and process at Homase maybe without building another mine.
But yeah we want to get into a position where we are mining 20koz+ at $500k/oz+ profit and then wondering what to do with those $10m+ gross profits per annum... I have some ideas what I'd like to do with them!
If we’re being honest wasa, if these guys had done a better job of producing I.e. the 20koz not a paltry 6koz in 2022, Akrokeri could have been self funded from retained profits!
yesterday and today the biggest trades were sells so nothing changed just the short run up through a bit of buying has been wiped out by a couple of sellers into the liquidity. Both days the volume is still pretty small so people aren't buying on the drill results. Probably waiting for the operational update which short term is more significant for the company as we are a producer not an explorer. I'm holding staying put but not buying hopefully the operational update shows progress - the drill results look good but you still have to produce and production from Akrokeri is a way away still (and probably needs funding). GLA
Anyone aware what's changed? we lost everything that was gained yesterday...
I think my avg was 11p at one point. Serious test of resolve this one.
I thought it was going to great nearly 2 years ago Or is it 3 years ?
Fingers crossed . It finally comes good
Agreed ZBB. This is an Exploration update and not a Operational update so I'm a little confused why some people are bailing out/Selling on news of even more Gold in the hole than previously thought. Its all very positive news which I'm sure the LTHs will agree on.
Some of the Buys are showing as Sells for some reason