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Newcrest will soon have a total of 4 rigs drilling 24 hours a day amd 7 days a week
What does that tell you
Forget the share price now...it will.be 10p+ as this tier 1 gold discovery is unearthed fully.
Its a monster in the making and Newcrest know it
Noix the day low i saw in rns day was 90p so i based my calculations of that....thanks for pointing out that now my entry price should be even lower than £1.10.
Either way the retrace here could leave punters 50% negative on their buys at these levels. While the smart money sell up...
Thats my view. All the best.
Dickhamup thanks for your msg.
I am not saying jog is abad company at all im saying it should be valued at £1.10 area on the back of the licensing award rns. 20% move that justified at tops.
Because of the low free float and the hype over this if one stops to think it should not be anywhere near these levels.
This is heavily over bought on the RSI as well. Its a car crash waiting to happen in my view. Just dont be the one left holding the baby while legal and general and others sell.
The smart institutional and intelligent investors sell while smaller Pis buy and get spiked
This has always been the way
So from the bottom of my heart i wish you well but dont say i never warned you. I have been investing all my life and i know the game inside out. It has taught me the good times and i learnt from the bad times.
Everyone learns.
All the best...
Applegarth this is defo one to hold all the way up.
Experienced investors like yourself know that.
First target for me is 10p+ but in time 20p + could be on the cards. I would expect a buyout by newcrest or rio given the fact both are heavily active in the area....or maybe another player as well?
At these levels its a bargain and load up and switch off....watch these grow and grow like solg did from 4p to 90p. Imo
Gla x
Could do triple digits today % gains as people digest this is a world class tier 1 gold discovery in the making.
Volumes will be giant from now on.
Todays news marks the start of a rise to 300 to 500 million market cap here
The big boys Newcrest are aggresively drilling Haverion ....its an ELEPHANT GOLD FIND
Wakey wakey...read this from RNS
"These results also reinforce our view regarding the prospectivity of the Paterson region and, more specifically, the potential for other magnetic anomalies in the region, such as the multiple targets recently identified at our Paterson Range East licence, to host tier-one gold-copper deposits."
10P + TARGET EASY HERE
Lets see where the share price is in the days and weeks ahead and you can thank me later.
£1.10 target here.
Love me or hate me its just my view
I think 20% premium is what should have been priced into to license news here but i am very happy for all holders and people that are long. However i think the shareprice should not be here on my fundamentals valuations calcs
Gla x
Ans best thing is that no need for massive cap ex as the telfar processing facility is nearby hence why this is massive for both Newcrest and GGP
The ecomonics here are incredible and very profitable as well as gold prices very attractive as well now on upside.
Newcrest know this and are adding more rigs 4 now in total.
Ggp shareprice is heading to 300 million + basically 10p + here
Do the maths you soon realise why.
Do any of you know how TR1 works sounds like you dont
Let me educate you
As they sell they fall below thresholds that are notifiable
Hence why right now they are using you guys for liquidity to dump their postion. They know this is massively overbought here. They are the smart big money guys in the room
Ask yourself if it was justified at these over bought share price the surely they would have added
They have dumped their shares and if they keep doing so them along with others expect a big drop down to low £1
Thats my opinion.
Good luck if you hold. Seen it all before
Just seen the RNS from yesterday
Legal and general dumping their shares here and its just started as well
Why because they know its massively over bought here
£1.10p target price for me here....
Also plse respect everyone opinions here
If you dont agree then thats fine but closing down a conversation shows to me you all are worried as well about a big retrace here.
Gla
Cookie newcrest have 4 drills soon on site
Gold prices rises massively and they see the huge upside here as well to feed their telfar production facility with high grade gold resource from ggp Haverion prospect.
This is a world ckass gold find and Newcrest know it.
It was top of their quarterly as well....the rest of newcrest prospects outside of the jv with ggp seems avaerage.
This is the BIG one ggp . Buy and watch 10p + come in months ahead...
"These results also reinforce our view regarding the prospectivity of the Paterson region and, more specifically, the potential for other magnetic anomalies in the region, such as the multiple targets recently identified at our Paterson Range East licence, to host tier-one gold-copper deposits.
TIER ONE GOLD DISCOVERY IN PLAY HERE
10P+ SHARE PRICE TARGET EASY HERE