The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
think we are all here as we believe this will multi bag womo. Short term, ups and downs, newcrest next report is is Jan I believe, this is likely to be good so if I was going to invest more I would wait for a few days or a week before that. From there we are in their hands and it depends on what they say, but if it is as good as we hope by the end of 2020 we may be rewarded :)
Sorry if I have dampened spirits on the board. Good luck to all, have a good xmas.
There are some that understand I'm just preaching a little caution right now, instead of this is going to be 4p next Tuesday. I saw DJ buy at 1.9, then 1.8, then 1.7, etc saying we won't see these prices again. In the end we saw 1.5-1.6
No, I think your right, they are putting in infrastructure and access roads, but I just worry that in the short term until contracts are signed the sp will probably, and if history repeats, go down from here. I hope it doesn't but just don't want people to get carried away with a compelling story and lose in the short term as the market keeps dragging us back to 1.5-1.6
Newcrest is fast tracking this but they have people like rio wishing to toll ore to telfer so we are not the only player or option, and to newcrest 20 million spend is nothing. Kirkland lake just payed 4.3billion for a mine so a 20 mil spend is nothing and they can walk away from this spend and not feel it. I should add I don't think they will.
Its always tough to know when to buy in, its your call my friend, and i hope we are in the 2ps in jan for us all. When it does move it might move quick so you may well be right but my experience is this doesnt move too much on great news and would think between here and newcrest proclaiming they are in or out it could go either way. But if history repeats, its down!
Please dont get me wrong, i hope 4p happens monday, quickly followed by 6, then 10p but I dont want to see people lose their cash in the short term when I have seen this fall back after every up swing. I'm underwater and still waiting for the payday...
If we dont own holes in the ground tell me what assets we do own other than holes in the ground, in fact holes in the ground is the result of 20mil investment in a tenement lease. Im not trolling just a realistic evaluation as to where we are at. I hope it all works out but please dont think this is going to sky rocket as of Monday, its going to be a long haul and will only shift on Newcrests offer, or offers.......
All you are doing is pointing out what people are saying!!! talk is cheap, and thats my point, im invested here for the same reasons as you, but the sp is low!! I wonder why, because at this point its all Talk, wheres the cash? Its 400metres underground and although looking promising to quote GH, they havnt written the cheque to greatland yet!!!
to be fair, until Newcrest actually release their figures stating the size of the deposit as per their drill results and at what grades, we just own holes in the ground at this point. The fact is at the minute we dont make any money and are a certainty to spend more through further share placing. But and its a big Kardasian sized butt, we know we have great grades and a large deposit, but the facts remain we own holes in the ground.
Since 2016 and the market thought we were on a new gold run alot of people got burned when it stalled out and investors are much more wary of going all in. Discovery gold market is high risk and dead at this point to miners and investors, but that doesnt mean with news from newcrest this wont 10-20 bag. So in the short term we are in the twilight zone, but could be in a much happier zone if newcrest say 20 plus mil ounces and give us a big cheque.
If the trend continues we should see a red day today.
One thing I did think about is, if scallywag and it's new targets are easier to mine than Haverion, could Newcrests intent shift to them if they do prove as high grade and more shallow as a deposit.
That could leave Haverion on the back burner and another three years of drilling at scallywag with no income for greatland! 20mil ounce tho is amazing if proven.
think you will get your shares, the learner, this will fall back, but agree with Paddy, its not about the short or even mid term its just a hold for ggp to either get bought out, or one of their assets gets an offer. As Chartbuster says, Haverion is a mine or they are essentially setting up as tho it will be so its a matter of time before we get some sort of sp lift off.
If Haverion is a 10 mil oz and we get 5% at $100 per oz in ground, the lower end of the scale then that is £50mil plus 25% of toll ore, could be twice as much in terms of deposit and twice the price for ore in ground, but either way not a bad proposition.