Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Results are potentially a good 6 weeks behind drilling, if not more, so we could be in for a few dips, but if the results are good then its up, up and away, to what we all hope if a valuation approaching the 1bn mark. I hope we do get very regular updates, even if its not huge news, but news like drilling start, camp being built and roads being constructed etc.
Could be people taking profit ahead of what could be quite a volatile time running up to and beyond the US elections. Plus virus numbers up, maybe people taking profits off the table. I do think this is a stock that will support itself on potential value of the asset. All we need is drilling and good results.
Without news tho we remain vulnerable to dips. I think larger orders will come as the news flows. Good luck all..
This will go higher, some consolidation and momentum has flipped, encourages by the MM’s. yesterday 3x more volume bought than sold. Where it settles we will have to wait and see. This is where Gervais Heddle was very clever and kept news flow very regular and positive, but in the beginning it took far longer than this has to take off.
Did see this before on ggp they dropped it 10% and it ended the day 25% up, I sold and bought back higher, hopefully it’s one of those days ! The fundamentals still look good here but the market in general is a bit shaky at this point. Lots of people suggesting it could go for a burton soon after potential a blow off top.
I am looking to convert a good percentage of my holdings to cash soon.
Having been in ggp gold since 1.6p and top slicing along the way, from my experience I would just say don’t panic if it does dip and try to resist top slicing at these levels. Those who held their nerve and didn’t top slice might well have a full retirement fund paid for through ggp.
I have had a good year but not much more than that as I top sliced several times. Obviously it’s still early days here but if the system is proved up and if there is something close to 10 mil oz then this will be many times where we are right now. Hopefully we get regular updates and these point to a high grade tier 1 asset. Good luck to all, onwards and upwards.
Looking at the trades listed, most trades are in the hundreds of pounds worth and probably favour buying not selling so based on these trades not sure how we can be 4% down? Probably 30k ish in total trades, that’s nothing!
Reminds me of ggp when it was stuck in the 1.5-2p range.
The most environmentally friendly car you can buy is one you keep for as long as possible! Tesla's assemble lots of rare earth minerals run on a battery which is a very inefficient way of storing energy, was back in the day about 10%, so 10% of the energy thrown at the battery sticks and is stored, got better but still below 50%. Most of the electricity we generate is from fossil fuels, so your buying a myth! They look quite nice and go like stink but I'll keep my 2001 e46 330i estate!!!!
So if for example the MM's had to made aware that they needed to have on hand 30million pounds worth of GGP stock on Friday, they wouldnt think well lets make as much money out of this as possible and construct a plan to do so?????
Your not living in the real world if you think bankers or the markets wouldnt do that!!!!!!
I think what has happened is the market makers knew the GDXJ was committed to buying on the friday, so they ran the price up, even if there was no volume or demand. Then even tho demand or buys out weighed sells today, they still dropped it as they had ran it up the week before. So the true share price was not really 27p, but it was to the GDXJ. We now have found support from buyers at 20p ish who are happy to buy at this level.
On the Monday after GDXJ you could not sell or do anything, basically locked out as MM's just selling!! MM's won!!!