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Here are some of the notable trades
1,1m at 9.98p
249,950 at 9.63p
592,608 at 10.058p
432,069 at 9.87p
313,491 at 9.89p
297,949 at 9.22p
There is also 2m sitting on the bid now
Volume has been huge of late but we must remember that we are single digits so 24m traded yesterday is a bit like 8m traded at 27p levels which puts it in perspective in cash terms.
Blackrock and Norges were big buyers a couple of years ago when the sp was 36p going post Darryl's PFS. They clearly saw big value beyond 36p or they wuldn't have been buying.
Nothing has changed at Alpala... in fact it's even more derisked now than it was back then along with another $150m spent on it to boot.
So the market can play all the poor valuation games it likes but the reality is... the big boy experts like Blackrock were buyers back then. Yes... they sold out when they saw CGP boys coming in along with inflation woes and weakeness in smaller miners etc etc but it's the 'previous' value perception that fold need reminding of. It will come again.
Agree Fort, the market is playing games and us poor OI's pick up on scraps of news. No clue what the reality is behind the screen! Anyway, it WILL be revealed - at some point, LOL!
I see we are crawling back up today again.
As it;s ISA Season and the perception on Miners is bound to undergo a radical change - for the GOOD - this can only play in our favour. The lie about inflation is excellent for the price of gold!
It's all too easy to forget these days... but another pointer worth noting is when Jiangxi picked off another 1% in open market at 18p. I think it was when Blackrock were selling so they gleefully took that stock.
So if you apply the same logic... why wouldn't the chinese be picking off stock at 9p?? Well... there is a solid reason for that... they can't be seen to be building a stake in open market IF THEY ARE IN TALKS WHICH CONTAIN INSIDE INFORMATION.
That's the only reason I can think of as to why they thought 18p was fine to top up at and 9p isn't.
That's your clearest indicator to date that 'TALK's' have been underway.
So, back over 10p. I could have sworn we were told it was on an inexorable decline to 5p?
Cheers HfH, Quady, Add.... makes sense for Blanca to be incorporated with Cascabel given its proximity and a nice little bonus for whoever walks away with the prize.
Nice to see a retrace to some degree from yesterday's shenanigans, would love to know what's going on behind the scenes but yesterday does look like a tree shake of poor little PIs who don't have their finger on the pulse.
Agree Add, an asset sale of this kind does seem significant enough that there must be some regs in play but I guess greed and leaky bid teams will enevitably mean in the absence of news the sp will tell its own story.
Tick tock... ATB gang, C
Add, busy at work. Don't worry, there is still plenty of time for Scott to sabotage the SP😆 Look, we can't even hold 10p 🙄
Eloro, 10p is a significant resistance level, those nearly always take three runs to crack
Its a resistant level because someone has placed 1,2m shares in 5 lots between 10.14p - 10.48p
Someone is wanting a flat SP to accumulate whatever they can at this level...
would love to know how much cash we have in the bank right now. When they let this go it will fly
You’re such a clown 🤡
5 years of ramping and still as. Clueless as ever……..