Thanks for your reply magicpie. It seems that that £20k buy was interesting after all judging by the price action today. I have no idea what's going on but happy to have bought recently and happy to wait and see what the fuss is about.
Being a perennial loss-maker, MDZ has traditionally relied on mug investors stumping up more cash through dilutive placings. That option is now off the table at the current SP so I'm wondering what the current cash position is. My guess would be in the region of zero.
Anyone know if suppliers are being paid?
Oh for one of Geoff's (and riddler's) 'transformative' deals. LOL.
Dougal pumped CTAG down to zero inspite of the screaming red flags. Back in the day, anyone who disagreed with him and the team of rampers working the messageboard was abused and had their posts deleted and/or accounts suspended.
His profile highlights a bunch of other garbage stocks.
Personally I give dougal zero credibility but folks can form their own opinions. It's anyone's guess what he's doing here but I can be fairly sure he's 100% wrong.
Shareminator, I agree with you. I''ve also been thinking that the mkt cap is getting a bit ripe for the current production rate and with such modest ore grades. The SP continues to climb, nevertheless.
This leads me to question what is going on here. Is this simply a herd effect or is there maybe something we don't fully understand and that somebody knows something which we don't?
Today's RNS mentioned rock chip grades up to 95g/t at surface. I'm wondering if this is a big clue to the question posed above?
Since nobody else has mentioned today's significant fall I thought I would.
It looks like a healthy retrace to Thursday's low in the 33's. I put in a buy limit order at 33.8 but it didn't execute. Did manage to get another 10K at 34.35p though. Happy to continue holding here. GLA
I also bought more this week but for different reasons.
I'm sensing that oil and gas are going to be under intense attack globally as a consequence of heightened global-warming awareness. I can see demand for oil diminishing over the next decade or so. RDS is one of the few big oilers which has positioned itself as an energy supplier and not just a fossil fuel co.
I'd add that junior oilers carrying heavy debts are the ones to drop first. If demand reduces significantly it's questionable whether they'll ever pay their debts off. I have an avoid list.
Shell's entry in to the clean energy retail market has made this sector pretty hot. Big players may be looking at the likes of GOOD as an acquisition with a view to entering the sector. RDS, then who's next?
RE: Biggest climate con of our lives23 Apr 2019 10:56
But CO2 emissions are not a matter of air quality - they are a greenhouse gas. Creating them at a mine or in a city makes no difference - it's all greenhouse gas. It matters not where in the atmosphere they originate.
I'm in favour of electrification but a joined-up approach is needed to prevent diesel generators at our charging stations. More wind, more solar, etc. more storage, more distribution infrastructure (copper cables)