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Not sure whats going on to drop soo much, we were are 17p before the GDXJ bought in, perhaps we have to go back to there!!
What are the trade volumes like today? is this looking like a MM's filling an order or genuine drop?
After a near vertical rise I guess you have to expect a pull back and some consolidation. Think the world macro picture is very shaky at this point, stimulus has just about run out and the powers that be in my mind are attacking the price of gold and silver.
I do feel they will have to inject more cash as the rent, mortgage and loan deferments are almost up and so to is furlough. If they don’t print more then a huge percent of the population is in the toilet. In the short term drop gold and silver price to get investors out. Gold and silver investment is a show of no faith in their fiat currency at the end of the day.
We could retrace to the high teens after such a meteoric rise, but we have never failed to make new highs, and my guess is 30p by Xmas. There will be a lot of profit taking and investors running scared which I feel is the desired effect, but they will have to print more money or it’s mad max time!!!!
Is this a replay of Friday, 10% drop to finish 15% up. Either way I resigned myself to just wait and see as it was impossible for mean mortals or LTH’s to do anything as it was pretty much shut out whilst the big boys did their thing. LSE goes down at the same time! What a joke!
Not posted in a long time but been here since the 1p days, I have top sliced and been able to buy a laser cutter for my business, and taken profits, but I would be retiring if I had let it run, but I am weak, and my balls smaller than some on here....
Congrats to everyone in this share it’s still my largest holding and think it will be worth much higher multiples, MMS are evil and will scare you into selling, it happened here where it dropped 10% in one day but closed the same day 15% up where I sold. And bought back higher, but still been a great investment.
I think GH is all over this, I also think we should keep our percentage of Hav, where he has already mentioned he doesn’t want to be a miner, but he didn’t say he wouldn’t become a royalty company and repeat the Franco Nevada business model. Keep the asset which increases in value over time......
Go find more...".....££££££
Its only a matter of time before we hit the double digits, and with even more time maybe triple digits. I do feel the Newcrest report and the fact they bought into the other mine, which I carnt remember the name of, has taken some of the spot light away from us and HAV, but perhaps this is something Newcrest are nt angry about. The higher we go, the more expensive we become.... The drill results and the bigger picture remain excellent.
Fair enough guys, but do you not see the slightest possibility that the UK and USA might have to go to full lock down? If that happens do you think stocks will go up? A bounce is a bounce but if may just be only that.
I’ve been invested here for over 18mnths and am keeping my holding regardless, waiting to invest, money on side lines for now.
I watched this, this morning thought it was interesting, not sure we can claim to have reached a bottom especially as the USA and UK seem to have a wait and see policy. Both are not forcing a lock down which seems to be the only sure fire solution to stop the spread. imagine that the entire USA has to lock down and we do. Think if this happens the markets will find a new low, and in my opinion it seems this virus can only be stopped by a full quarantine.
We are just going to have to wait and see if the virus for some reason doesn’t react or spread like it has done in every other country or if we and the USA are some how different?
https://m.youtube.com/watch?v=POhMeqDc2Yg
Japan woke up to 95% wealth gone, not sure we will get to there but we could. Gold should do well after all the profit from its raise this last year has been taken from traders, so expect that to go to 1300, then we could have a strong rally again, but everyone is selling profitable positions. Unfortunately we were 200% up so lots of profit to cash in.
I have faith in gold and GH to steer the ship through this so I am staying but I expect it to be big ups and downs, mainly downs tho until we get some sort of resolution to CV virus.
There will be lots of money to make if we can time the bottom, I just Carnot see the bottom until we have run the course of the CV virus, we could get some seriously bad news between here and there. Everything locked down, military blockades, big death tolls ! Not sure the bottom is in that’s why I’m sat on my hands.
We had multi bagged just before jumping from 1.6p to almost 6p at the high so there was a lot of profit there. To balance and shore up portfolios we might well have been sold to support losses, and warrants sold off too. Shame because we looked like we had found a base around 5p a week or two ago.
Everything is pretty much down, we could get back to 1.9p again, but the good thing is our valuation will be once again soooooo cheap, our valuation is still going to be 800m or so by year end and gold could go for a sharp raise. It’s rubbish to see us down, but it’s just where the world is right now. Crazy thing is I Carnot see it changing for months.
Thats brave green mile, I'm sitting it out for a bit, see how things look next week, friday could be an ugly day!! you might get a better entry point next week, gold could go down for a while yet, as too the markets, I would sit it out for a while longer but I know almost nothing. I agree with adding but not sure about right now...... Good luck to you tho Green mile. :)
I guess the point is no body knows, we all live in hope, but the thing i'm fairly certain about is this share will be 25p in a year, in the mean time, who knows could be 2p tomorrow and thats the truth of it. If you carnt handle the thought of that it might be time to exit.
Think its a bad time to strike a deal, with the market in the toilette, the fundamentals are all good still, gold could get to bonkers levels in the coming months, but release the information you are in talks to make a deal, that could help us move up, and something that may have been already discussed as a support for our sp and Newcrests to be fair as they got hammered today.