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Pretty illiquid now well always has been, the placing is clearly in sticky hands hence the premium. Doubt any mm's would risk pay over so they move very easily on a few 100k buys and down too but they are more of a shake.
Just amazing how some stocks have hundreds of investors and posts on share forums and some are dead.
This is the only miner I know that has raised a substantial amount of money at a premium and still nobody is interested. Maybe the next time it's up 20% people will be interested.
I see the traders are trying to beat the mm's here which is almost impossible day trading wise. I'd guess the 250k at 1.475p sold 100k at 1.3p then instantly sold 150k at 1.2p, nice huge loss there. Why would you sell at a strong placing price. Most stocks kick on when they get this kind of funding no way I'll be selling at 1.2p, perhaps 2.2p
Now that is something you never see in this market. 1.2p placing with warrants at 2.4p.
Should be a good day, that sends off a good sign. Most companies at 1.1p raising those funds would be lucky to get it away at 0.5p never mind a premium
Much better now just 150k offered at 1.18p but this is highly illiquid one or two trades in either direction can move this wildly.
Your arrogance will get you into trouble one day. Ramping stocks one minute then saying placing the next. Company has around the same amount of cash as the market cap.
Looking to buy, something tells me A placing is leaked......
hence sp dropped off with minimal pressure
400k sold at 0.85p are people that desperate. 1.1p bid at the time jeez. I just added 150k more under 1p or more like average down
Anyone know when they’re in production
Well I have just an small amount in this one, Greta Sputhern Copper , £1K worth, as I am always bearing in mind that mining OUTSIDE the Developed World, USA, Australia, New Zealand , Canada, etc ,( maybe UK is "developed" but definitely it is UNdeveloping under the CONservatives). always carries a small/medium risk in its own right. You just never know when these undeveloped Countries will change the rules . Anyway I think will be good to see updates later this Year.
Well is interesting to hear the words "High Grade Gold and Copper" and I am looking forward to seeing the updates pehaps in May or June.
Has everybody sold. I know earl would sell for his £100 profit of course
The mm's in this are incredible. 150k has sold for 1.1p when 1.2-1.4p and when loads were paying 1.5-1.8p. I bought 150k at 1.6p biding my time for more but this is evil manipulation and ripping off sellers atm
They really know how to manipulate the price down. Somebody bought 200k yesterday at 1.7p when 1.3-1.6p and just now somebody sells 100k for 1.22p when 1.3-1.5p...unbelievable !
What percentage of the company is owned by the BOD?
Why the lack of comms?
Highlights:
· Vein-breccia style mineralisation with assay results up to 2.1% Cu and 4.29g/t Au,
· 39% of rock float samples assay over 1% Cu, and 67% of samples assay over 0.5% Cu,
· Multiple outcropping vein-breccia structures identified with evidence of high-grade copper,
· Prospect exploration on-going with results from mapping and outcrop sampling expected,
· No previous drilling in the prospect area.
The Victoria prospect is one of several areas currently under investigation within GSC's Especularita Project. Victoria comprises a gently sloping field covered by soil and copper-mineralised float (surface boulders) located adjacent to the southern margin of the Colorada advanced argillic lithocap. The mineralised float is characteristic of high-grade, structurally-controlled vein breccias.
A programme of float sampling was trialed on an approximate 200 x 200m grid across the boulder field with samples collected on approximately 25m intervals. The programme was designed to characterise the mineralisation style and grade and identify potential outcropping source rocks.
Sam Garrett, Chief Executive Officer of Great Southern Copper, said: "We are very pleased with the results of our float sampling programme at Victoria which demonstrate the potential for high-grade Cu-Au deposits in the area.
"The prospect is rapidly developing into a potentially high-grade Cu-Au target for the company and we are eagerly awaiting the results of our Phase 2 work which has identified multiple outcropping structures with evidence of the style of copper mineralisation that is observed in the float samples.
"The results continue to highlight that the Especularita Project is an extensively mineralised district exhibiting evidence of a broad range of mineralisation styles characteristic of both porphyry and intrusion-related Cu-Au systems."
just posted that on the wrong board.lol.
https://www.proactiveinvestors.co.uk/companies/news/1009955/great-southern-copper-discovers-large-intrusive-related-copper-gold-system-at-san-lorenzo-1009955.html
Somebody likes buying 62312 blocks too £1k a time as well :-))
Somebody is def stopping this one going to 2p by selling each time Wins go to 1.5p bid, when they run out it should get to 2p quite quickly
Added 250k this morning. Long term hold for me, healthy cash balance in last financials and tiny market cap.. when the markets turn this could be a great play.
102885 paid 1.7p yesterday and has just sold for 1.3p, this market is full of traders and none of them are making any money
This is so illiquid and Wins are running the show, shaking on the tiniest of sales and making a huge profit margin the process. I'm not selling with all that cash, infact if they shake it back down I may well buy more