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Congrats to all who have held and who will continue to do so. This will be the making of many wealthy people.

Rez, someone has already set up a group on Telegram. I'm on it together with 130 others.

TomE, as you say move on.

Here’s to a good day.

Had read my note on UT's yesterday. The UT is irrelevant.

What were you saying about open?

interesting read yes. See it is dated 29/5 and reference still to Telfer as being Tier 2. This report is when UBS upgraded Newcrest from a Sell to Hold, and we know they have since up-graded them to a Buy following discussions with clients where they think "the upside from Havieron in particular is not fully appreciated" - so maybe they are now thinking a Tier 1 is more likely?

TomE
FYI ref UT’s

SETSmm is an electronic, order driven, trading service with market makers. It is typically for slightly smaller less liquid stocks - the market makers provide liquidity. This is also an anonymous limit order book (except for Market Makers whose identity is disclosed) with opening and closing auctions.

In these markets, the trading day is as follows: 07:15 Market Opens 07:50 Start of opening auction 08:00 Opening auction ends and uncrossing algorithm runs to determine opening price, and automatic electronic order matching commences. For SETSmm the Mandatory Quote Period (MAP) commences - during this time Market Makers must provide firm 2 way prices 16:30 Automatic electronic order matching ceases and the Mandatory Quote Period ends. The closing auction starts. 16.35 Closing auction ends and uncrossing algorithm runs to determine closing price 17:15 Market Closes (Up until 17:15 market is open for trade reporting purposes)

On SETS and SETSmm nothing happens between the end of the closing auction and the start of the following day's opening auction. Obviously any number of factors (news/announcements/relationship of buyers to sellers etc) between the market close and the market open can, and do, impact the opening price.

The various market data providers should use the closing auction price as the closing price of the stock, but in reality the last reported trade is used.

EMC2 - there was a 16.41 trade at 11.59. I think that will be closer to our starting level tomorrow unless any other delayed trades appear.

Jun 8 2020, 16:41 11.5904 77,401 11.10 11.50 Buy £8,971.085504 O

Tome E
From share magazine:

Jun 8 2020, 16:35 11.90 1,273,399 11.10 11.50 Buy £151,534.481 UT

Tome E

So the last trade before the bell at 16.29 was at 11.24, which is what prompted me to ask Gregorio about his prediction. And the UT, which is to be ignored is at 11.9.

What's your problem?

TomE do you know what a UT is?

11.9 is the UT

Looks like you hit it spot on. Care to share your intel?

bobrad, are you taking the pxss

Fair points guys, but given we have news due in 2 days, I would have thought we should have held well above 12 following that RNS

you could be right Gregorio. I'm baffled.

Unless this is a big game by the MM's then our "sticky holders" aren't so honest

To get to 11.8 from 12.5 today can only mean one thing. A lot of you guys have been selling.

Hydro, I think the list you compiled will now be somewhat outdated.

sounds like going forwards GGP intend to have a JV on Scally with Newcrest

Licence application tone made within a couple of months - which will tie in nicely with Newcrest's quarterly update and news on the MRE.

Come July / August we will be 20-25p IMO.

https://twitter.com/greatlandgold/status/1269907251382243329?s=21