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Blencowe Resources, Brandshield and Richland Resources https://www.**********.co.uk/articles/blencowe-resources-brandshield-and-richland-resources-28f483e
Blencowe Resources, Brandshield and Richland Resources https://www.**********.co.uk/articles/blencowe-resources-brandshield-and-richland-resources-28f483e
There are those in the investment community that know when shares consolidate... You end up with selling pressure from smaller investors who chuck out something that was 100k shares but is now 10k. Take a look at the shape of the sellers today and it is a mirror. All really low quality sellers by idiots with no patience. Yet in the middle of all this there have been big buys of 500k, 250k etc. Somebody knows what they are doing.... As opposed to the loons selling 10k shares or 74 shares... They'll regret it. Watch for the announcement... Hahahaha..
These guys know exactly what they are doing! This was always going to have a good outcome for anyone who could stay the course. Good thing here is that most of the hard and draining prep has been done and we just picked up the baton to finish the race :)
They will certainly "hit" gold as you put it, the previous operators of Jones Keystone and Loflin did - see http://www.richlandresourcesltd.com/operations/jones-keystone-loflin-project-jkl/ The question is will the new drilling confirm an economic deposit at these two prospects? I'm betting there is a very good chance they will but we will have to wait for the results.
The pre suspension speculation price was higher that the, the deal is done, we own a gold mine, price.
So asking people to be patient is rubbish. Too many people have hyped this deal up, making stupid claims of big profits. The reality is, this is a speculative share, it's a gamble. IF, IF they hit gold, it will fly. IF....
Patience. Patience. The announcements are going to emerge soon...
Hoping that staying invested throughout the share suspension period is actually going to show some benefit, once name change goes through and that the gold in the name, is also gold in the ground!
It is actually 2.65p (not 2.75p) at this time. Still the price here gives anyone interested chance to load up at a good discount to the 2.75 raise price!
I couldn't have encapsulated the buy case better myself. We're just waiting for the inevitable blizzard of announcements now... They'll have the placement cash by now, they'll be getting ready to drill is my best guess. May even have some, drill results by the new year. Exciting times...
Looks like name change gone through on my Bestinvest account
The gold price has declined from over $2k in August to around $1790 now and charts show some gold funds moved below the 50 day moving average near the end of Sept. I suspect a combination of profit-taking and positive covid vaccine news has caused this but am not worried about this share. I still think the medium - and long - term trend in gold will be upwards and the scars on the major economies from lockdowns will take years to sort out.
We also still have the elephant in the room of massive fiat currency printing and that means gold will be thought of as a safe haven. Many gold miners have costs of production far below the current gold price and provided demand holds up, should have a very solid future.
If and when we find deposits of the right quality and are extractable at reasonable cost, presumably that will be the first big leg up for the SP. In the meantime, patience, patience, patience...
GLA
grappa
Posted in: RLD
Posts: 205
Price: 0.27
No Opinion
RE: Tomorrow D-Day Fingers Crossed29 Jun 2020 17:54
To be honest only £2K invested and the majority is profit that I made on this Share a few months back so in all honesty a punt. Guess greed ruling and not my head.
With that your over £3000 still in profit at this price. You come across, like someone who needs constant encouragement and lacks confidence. Call your broker at Betinvest and ask them to sell, do yourself the favour. Nothing in life is guaranteed, this can fail woefully.
Going through your posts, your not sure of your investment decisions.
Gl
This is now cashed up to drill ahead so you just need to await the drill results. No doubt once the ticker change works its way through they will relaunch the web site and produce a shiny new presentation. IMO there is a very interesting two years ahead of us with Lexington Gold.
GLA
Remember, these are the guys that took Aquarius Plats from 20mn dollars market cap to 4bn. They don't muck about. Sturgess was around for that with Nealon and Sibley, who has just retired from the BOD. Watch what they do now. They are not in this for charitable reasons I can tell you that much!!!!!
Should have jumped before suspension was £4k better off
Relax all, gold price falling out of bed, stock price hanging in there, we're yet to see any news, but I'm sure there will be much forthcoming. Also, as yet, no sign of director's buying, which is a further plus to look forward to. All in all, everything to play for, 4 concessions, 6 targets.... Stay cool and wait 4 the action, and if it drops below placement price, fill yer boots!!!!!! Richland, the stock that reaches the parts other gold stocks don't!!!
I assume this will be the resistance line and their news flow could be forthcoming .. new holders are in with shares .. after being locked in for ages u would appreciate a rise, but the consolidation had affected the view a bit . G.l all
Am i right that currently we are worse off than before?
Good she has a stake.
I recall some posts on her pre-suspension - remember it being a real positive.
Cheers and GL
Nice.
I hope it goes well for you, and the rest of us.
Am guessing your buy maybjave showed as a sell, or was it that big one.
Obviously, in these difficult times, we can all be more cautious.
Gl
Mytwocents,
It's all there in the rns. Not hidden to deceive anyone.
You can take it or leave it. Buy or sell based on that, if your still holding and find that a massive problem, then you need to have a word with yourself.
There are plenty of other gold plays, miles ahead. It's all about risk, and that's down to you. Yesterday someone bought near £15k in two trades, someone sold similar in one. Make a decision that's good for you and stand by it.
Gl
interesting, how many options? I guess the 10 year timeframe really pushing the horizon out, doubt holders exercise for less than say few multiples of this MCAP at least, look at GGP everyone was concerned reading the options and warrants that possibly could hold the SP back in the short term, once you find gold you can find a much higher SP that makes the warrants/options etc pretty much just absorbed into the price.