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Think I know who that trade belongs to and if so was definitely a buy by someone who likes NMG a lot . . . .
That was my 1m buy at 11.03 so the 10m was Defo a buy
IMO you could do well either way. Short term the chart looks very good for a push north of where we currently sit, if you're happy with that then great. Long term is where the big pay off will be when they bring the project into full life IMO sometime over the next 6 months. Lots of good to come along the way, with a bit of reading back and research you'll see, hopefully nothing to bad. We know funding will be needed so that should t come as a shock to the market. What we don't know yet is how good this newly discovered asset is along with early results from other areas of interest in Georgia and the conversion to JORC should also be good. All IMO and of course DYOR, hope his helps
Looking to invest to need some advice from the chat
And then back to north, target .18/.20 according to Donks charts!
As stockbreaker mentions, looking at the trades and what others I see and speak to have been saying with regard to their portfolio activity I also believe trades to have been miss reported and buys showing up as sells. . . .
I think the funding situation needs to be looked at from both angles. 1. There was a funding recently primarily for the development of David Garedji however that's not to say the money cant be and will not be used for anything else. After all it is the companies money they can chose to spend it which ever way they feel now best serve the new strategy. 2. The company was only ever funded (and this bit is important) UP TO the commencement of the starter pits. If investors read all previous RNS's correctly it clearly states this. So funding will at some point be needed, we've known that for months, anyone who thinks otherwise is silly. Now from my point of view and having had good contact with Greg I expect certain key milestones to be hit before they look to do any raise - David Garedji early results, JORC, drill results, mine plan etc etc IMO a fund raise is not imminent, I sight the reasons below for this which I'm sure we will debate. 1. Sentiment is waining and the share price has fallen as a result. The new direction is very good (brilliant IMO) BUT as with everything AIM you need to deliver on what you say even if the new direction is potentially so much better. Another placing now would kill whatever good vibes have started to sprout in to life over the past week or so, Greg isn't stupid he reads the boards and will know how investors feel, it would not make good business sense to raise now. AND 2. Probably the most important point is that they will not have any idea exactly what they need to fund the project until they have finished formulating the new plan. They have resource consultants who need to asses, mine plans to draw up, local partners and authority who need to be consulted not to mention man power on what is now looking like a full scale open pit operation. Until components like the above named have been discussed and costs confirmed a raise IMO won't happen - the key point being they do not know how much they will need. The best decision they could make now would be a final raise of how ever many millions needed to fully develop the resource in line with their current JV once all plans are final. No need for anything further from that point going forward. This is purely my opinion on the way I see things, the people I chat with and good comms I've had with the company. This is AIM though so DYOR and GL I'm happy and very much looking forward to the coming months. . . .
My trade of 620000@14:38:42 was a BUY, suggests that ALL trades today were BUYS, and also likewise most of yesterdays trades
Eh? Suggest you read the RNSs and listen to the podcasts! It's all there. Probably get more from those sources than on here. Scalp, you around to answer my question?
What is going on here? Bought in at over a penny.lots of positives but some good rns news. What's going on?
Are you saying that the £1.1m raised in July is no longer needed for the original purpose, which appeared to be David Garedji?
Agree its a no brainer considering the resource base of some 7.1 million ounces of gold 22 million ounces of silver and well over a million tons of copper but then there are some some brainless comments. Personally think the pps at less than an eighth of a penny is a no brainer and thats taking account of the risks involved. Each to his own.
Very good point and something i'd missed. Recent raise at 0.08p so cash position better than I thought. NMG is a decent prospect I must admit. Need a clear plan and maybe an entry closer to placing price and I'd take a few here for sure.
There's no-one like me. I'm unique. So I've no idea what 'people like Paul' means, whoever you are.
No question cash is needed. Question is at what price. I actually think long term it will be beneficial for the SP although short term we may get a drop. Would like to see a 4mil mcap with 2mil cash raise taking mcap to 6mil again but with funds at the ready. That would be an attractive investment proposition IMO. Who knows what will happen re SP but would definitely like to see some cash in the bank and a clearly defined plan before placing funds in here. On my watch list for now.
It's just been pushed by Shard in their summer sizzlers penny stock sheet, so I expect a placing any day now.
Looks like quite a nice play. What are peoples thoughts on cash position? Had £863,000 at start of year. £650k admin expenses in 2015 so at least £400k spent not leaving much left for on going operations. Would like to see this come down a bit and them get a good cash raise out the way. Then I think this could be a real winner.
Still showing strength at these levels. Presumably some stock to clear still after the surprise RNS, but looks like a good base has formed. I have bought in today, undervalued in my view.
Just testing to see if this board is broken...
You can buy at 0.123 and sell at 0.125. Wtf?
If the sp goes towards .10 again as a LTH knowing the risks involved with NMG it will be tempting to add to holdings purely on news play concerning the resource base~any production information will be a bonus. I cannot understand the apparent angst shown by some over the day to day movement in the sp~No news means a boring sp so until they release news which is seen as positive little will happen.
He should get tested for Machiavellianism!
Have you actually read the duplicity of your own post ~ one rule for you another for everyone else or was it a severe attack Alzheimer's whilst actually writing.
i do not think the doc liked this today , did you hear his voice quiver !! hes lost so much money and cred !
looking to by more here waiting for sp to level out. What are your thoughts on best price to buy?, mine is around 0.1