Member Info for AM90

Yes Newcrest will have plenty to update with, this update will be results from drilling done in October/November/December, just as the drilling reported in the MRE and exploration report will have been carried out in September/October - the results we get are always several weeks behind anyway

Great video magic, I really enjoyed it. Particularly the geology.

I am wondering if you have any thoughts on the pattern of drilling. I have plotted the directions of each drill hole and they are pointing all over the place, I had always assumed that the drilling at kracken would all be pointed inwards towards the anomaly, but the 3rd is actually pointed in the opposite direction at a much shallower incline (not shown on figure). A similar pattern is observed at London. Whereas Blackbeard they did indeed drill at a 90 degree angle as somehow worked out by Hydro. Do you have any idea what they could be targeting with these different directions?

https://ibb.co/9WdM3s1

The lines are the azimuth angle and half the drill length in each case to factor in the drill dip angle, could not be bothered to do the proper calculation, so they are slightly exaggerated in length, but not too far off.

'ridiculous market overreaction today in my view' - From Gervaise himself.

https://twitter.com/gervaiseheddle/status/1351855027736899585

Spades - Morning Star does not show everything. For example the below link shows Lothian Pension Fund's 25 million holding.

https://www.lpf.org.uk/downloads/file/79/fund-investments

The State of California holdings will be showed here, but you will have wait for them to update to December:

https://www.calstrs.com/investment-table/international-equities

I strongly suspect if others look hard enough more holdings will be discovered. I too have seen Bloomberg terminal share register for other shares and can confirm that this list does exist.

Hopefully, Eric Sprott will be back on his podcast soon and will give LAND some much needed publicity, I think that will be a further huge catalyst.

Interesting new disturbance in the SWAG region. I think it is the same location where Strudel noticed a signature on the Sentinel-1 imagery, but first time anything has been visible on the optical imagers. It is right next to the road, so i think some sort of road works may be the most likely reason. However, it is also right next to Kracken, which is just over the dune in the opening scene, you may be able to spot the remnant disturbances. Make of that as you will, very unlikely it is any form of exploration in the middle of the summer heat, but it does look interesting.

Can also spot some disturbances north of the main camp, but i suspect that this is related to some of the early works. I do not have the plan schematics to hand, so someone else may be able to comment on that.

https://vimeo.com/501670455

Completely agree TMT, if anyone adds the dates, the delay makes perfect sense.

End of drilling = End of October
Labs turn around time = 6-8 weeks
Christmas holidays = 2 weeks or so - maybe longer.
Time to interpret results and produce RND = few days

Adding this together, next week or the week after seem very likely.

Yeah there is nothing in that location on the Planet imagery in any of the previous days so must be some machinery in transit - a big bit of machinery. Just because the image is dark does not mean it was taken at night, it will look the same whether it is taken at night/day/cloudy/not cloudy, SAR imagery is remarkable.

Think Planet has been updated and they are drilling at Havieron again!

https://www.aberdeenstandard.com/docs?editionid=ac2d1f5d-3c5f-4bca-842c-a42f81820eed

There is £630 million alone....

We know drilling finished in the last few days of October. Add on the 6-8 weeks for transport and lab processing, along with the Christmas holiday break and where does that get you?

99% of the time the answer to these type of questions can be explained by logic, rather than out of the box conspiracy theories.

GG19 - that is correct for Sprott and GDXJ and maybe a couple of other smaller ones. But there are now also a large number of institutions who have chosen to buy in e.g. 25 million Lothian Pension fund; 16 million INVESCO and for a while now there has clearly been a big buyer buying in e.g. 250k trades.

The VanEck website is only updated until Thursday. GDXJ will have already bought this week and on Monday I think this will be reflected on the VanEck website. The 2x8 million trades a day this past week where almost certainly GDXJ through their chose AP.

Will still had a very decent rise this week, IMO there is no way we would be on 34/35 without the GDXJ buying pressure, especially with the GH news earlier this week. I think this contributed to the lack of spike, there was a crazy amount of selling straight into the arms of VanEck. Why anyone would sell into known massive buying pressure is a little surprising.

Friday was odd, they were desperate for shares. As Hydro and Chippy say you could sell huge amounts at near market value. IG allows dummy quotes for shares you do not have, I got a quote for 20 million shares at 34.8, which is crazy! This could turn out still to be GDXJ, we will be able to have a better indication when they update the website. But yes, I agree there is also potential for another big buyer. Next week will be interesting, probably a small retrace (without Swag), but maybe not a violent as before.

Yes Spy, but considerably higher than we would have otherwise been this week without the GDXJ buy. Panicked sellers decided to give VanEck a load of shares on Wednesday morning at discounted rates....

Today is the day 100%, we can already see from some of the Australian stocks.

They may have done it slightly different this time, perhaps expect a very large trade to appear later off book.

Gervaise's appearance (tired look) this morning was very clearly done on purpose. It is to signal to the market ...'look I am tired I have done all I can, now I am out'. This is in direct contrast to Shaun Day who was suited and looking much more fresh to signal to market that he is ready for the challenge.

Entirely deliberate.

Well we do know someone has to buy around $40 million worth of shares this week, so not overly surprising......that equates to nearly a $1 million buy every hour the market is open this week

VanEck GDXJ fund matches the MVIS index. It is the MVIS index which was rebalanced last night, which Paddy provided the link to below. We were rebalanced at 1.65%.

Because the VanEck GDXJ fund already owns a load of GGP shares, the value they have to buy is the difference between the current value of the GGP shares in the fund which is 0.9% ($53 million) and the new weighting of 1.65%.

The live weighting of the VanEck GDXJ fund can be seen here: https://www.vaneck.com/etf/equity/gdxj/holdings/

To work out the buy number you can do maths or just look at the live weighting and find a company close to 1.65% already in the index. So i just look at Harmony Gold mining at 1.63% ($93 million). So the buy is roughly the difference between 93 and 53 - so $40 million.

Rational Assessor has a really nice spreadsheet in the telegram with the correct and detailed maths with a matrix which shows how many shares they have to buy depending on the price. That explains it far better than I have.

No wont find out for a while - but this is very very unlikely!

Would be waste now anyway. A $40 million GDXJ buy is more than enough for a nice little uplift.

https://www.mvis-indices.com/indices/hard-asset/mvis-global-junior-gold-miners

Click 'Latest review' on the right - you have to sign up but its free.

They deleted Kinross, the largest weighting so it turbo charges our weighting.

~$40 million buy! I think