Trades are dated yesterday, so agency X at the higher of bid/offer at that point of touch price - genuine trades, small spread on each trade of approx 30/50 quid so no risk to market maker or broker who has a dealing as principal permission.
So a seller and buyer, could be fund to fund, bed/isa, bed/sipp etc
If I recall they have to do the X between the touch, which is best bid vs cheapest offer, so looks like X at the higher end though all looks genuine.
Anyway, I’m in and sticking tight.
Good luck all
We are sitting on a gold mine and price of gold looks good and higher
I was surprised to see the 2.30pm rns saying they sold a chunk, at least buyers to mop it up.
A good week so pleased with bounce, thinking if they get a farm out for Kochang, BMV may consider splitting the Korean and Phillipine assets and even consider a dual quote on Korean exchange to get some Korean shareholders in, just an idea.
Good luck all
Dubkeith, check out the RNS’s in Q4 2023.
As I read it, Align who are connected to Catalyse Capital (rs & ca Jennings) that bought the 27% interest from Southern Gold, so doubt are serious strategic buyers .
I been here 18months, hold a chunky amount, not selling anytime soon, I estimate it will be a 18 month to 3year hold, if things go to plan - I see it as an interesting investment.
It’s not a day trade agree, patience, patience- we are sitting on a huge gold mine.
Good Luck
This interview comment interesting,
It’s a local business man with diverse business interests.
Any clues to who he is, thinking as JV partner is an individual - if it’s going to happen it will get signed off quickly, let’s await the terms of the agreement, though thinking will be positive and we will see things moving in the right direction.
Yes, agree, interview was open and informative, defo worth a 2nd listen, some interesting points about potential of Kochang also being farmed out with a JV local firm.
All three projects are substantial in size, only need one to start mining and we are sitting on a GOLD MINE.
No, my point is large funds will top slice and take profits each day along the way, so investors who got in at 75p, 100p, 125p etc will always look to sell into the rise and buy back in as it drifts as we all know things don’t just go up and keep going up, hence why it’s called a market.
Hoping the trough is around the 125p level, though hoping to trade in and out a few times before then.
Good luck - dyor
Tep1,
It’s just a market, investors long or short look to their own ideas , strats , maths etc.
Stop blaming hedge funds - they are trying to create Market Price.
Only 2 weeks ago, a ramper on here talked about 160’s price, when CNA were trading at 145.
Keep it tight
Yes, it bounced yesterday and drifted today, nice trading stock for last 2 year.
Buy volume today was 4 x Sell , yet it dropped.
Keep it tight, sell the tops and buy the lows.
You see my lasts post - 125 is a nice entrance for a bounce, though 115 would not surprise me.
Good luck
So - according below paragraph from RNS of 27 Sep 2023, hopefully we get an update soon of drilling results from Phillipine mine.
With the appointment of drilling contractors being finalised, the planned drilling campaign is expected to be completed early Q1 2024. Post assaying results will be reported as the Company receives them. Once all results are received the JV will use them to formulate the mine plan for Lobo.