Member Info for BlueDefender

Making a nice bullish flag chart pattern currently, more likely to play out to the upside than M-D 40p prediction....

First support is at 41.5 and so far it has held...

Not much help but that's my TA take on it

Head and Shoulders pattern never played out and has now been negated..

Possibly 51p is the next target follow by 80p

I liked this bit:

Northern Area phase 3 and the Central Area Phases 1 and 2 will require a substantially larger replacement FPSO to be identified and secured.

Must be one hell of a lot of oil out there...

I'm sorry MuchAM, but on a daily chart there is a very clear Head and shoulders pattern forming, I'm not saying it will play out or even if it is very applicable to a small share like this one.

Take the low of 10 dec24 to the high of 20 jan 25, low of 31 jan , high of 19 feb, low of 11mar, high of 17mar, and there you have it !! the neck line is almost flat at 32.6p

N08s, yep I did see the H&S pattern forming also, but didn't want to spook the BB with a premature conclusion, basically we don't want to get to much below 32.6p or it will trigger the pattern, then as you say it could go to 22p ish...

I don't think its an inverted M pattern as it doesn't for fill all the criteria...

we could also be early in the stages of a small bull flag which would be a positive.

I think lots of ways to look at this, personally I'm just holding as the potential is just too compelling to sell up here.!!

DiddlySquat,

Some of my top gold miners:

Iamgold

Agnico Eagle

Kinross

Equinox gold

Pan African Resources

Risker ones with gold discovered but no mine yet would be :

Arizona Metals

Northern Superior

Northisle gold and copper

These are just a few of my present gold holdings.

Maybe we could keep this chat about Rockhopper please !! or this will descend into a free for all about the rights or wrongs of Ukraine....I'm sure there are many opinions!!

However I don't think its time to panic, even the talk of a buyer got this to 4p not so long ago so I'm holding on in here. In fact I just bought a few more today...

Verkhuba is worth far more than our Mcap

Agreed KiJaHa, I think he needs to sell Verkhuba for the best he can get then go looking for another deposit with the proceeds, otherwise we are going to be diluted to oblivion.....

I wasn't aware that we don't have funds for another 3000M !!

He is probably scratching his own head on this as I think he has a fair amount of his own skin in the game....

Third RNS

https://polaris.brighterir.com/public/borders_southern_petroleum_plc/news/rns/story/ryvlz7r

Some to their tailing projects are AISC sub$1000.

Underground operations are higher AISC

My guesstimate for the average AISC of 270-308k oz in 2026 would be around $1400.

Waterloo04

can't say I understand the big fall in HEPS as they have been hedging for two years now, its not like it hasn't been factored into the previous comparable period.. clearly the differential between the hedge at $1723 and the now $2900 gold spot price is dramatically different from the comparable period, but I can't see why that has dragged down the HEPs

.. maybe the AISC has gone up , we know the OZ produced has gone down ... tomorrow things may become clearer...

Well I've just bought another 10k shares at the close of play, I don't necessarily think tomorrows announcement will make great reading of what has happen in the 6 months to 31 dec24, but I do strongly believe that going forward things look very promising...

fingers crossed that it doesn't fall further on the expected not so good results tomorrow..

Bustard, you are right there are things in there I find also confusing, could do with more explanation from the company.

The hedging though was forced on them to get the loan for the MIntails project and not a cautious approach

Under the terms of the Transaction, the Company will sell 4,846 ounces of gold per month, for 24

months commencing March 2023, at a fixed price of ZAR 1,025,000/kg (US$1,723/oz*), and receive an

upfront premium of US$21.6 million* (ZAR400 million). The effective price at which the Group sold the

3,617kg of gold, representing approximately 30%

# of annual group production, over the 24 months, is

ZAR1,135,604/kg (US$1,909/oz*).

The Mintails Project senior debt facility, which is subject to the fulfilment of conditions typical for

transactions of this nature, is at drafting stage and the intent is for it to become effective by April 2023.

The above is the hedge which will be ending in February 2025, I think they also missed their forecast by around 7500oz for the year ending 31 December 2024, I believe this was due to Evander issues that are now resolved.

It all looks very good going forward from here I would say and a new all time high in gold today..

Solid work on getting back into the rising channel today :-) , now lets see if we can test the top of the channel which is currently at 45p but rising steeply so every day it will be moving higher, equally we need to be putting on .5p a day to keep us in the channel also, if that make sense.....

My take on the TA is that we have fallen out an ascending channel which started on the 20th Dec, what we don't want to do is confirm this move down by finishing lower than 35.5p over the next few days. Perhaps the next obvious support would be at approx. 33.5p if it did fall below 35.5p.

I'm not convinced that TA is overly applicable to a small share like this one, but maybe so...

Others may want to add to this assessment.

Yes I'm also curious about AT, I think in the past some of my Spreadbet trades have shown up as an AT trade but sometimes they don't show up at all.

Always if shares are purchased in my normal IG trading account they show up as an O trade.

FID prediction 65p for me, ta