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Firstly, a big thanks to all the regular posters on here who supply excellent content and debate in Savannah. Whilst it has been frustrating for many of us shareholders on the length of the suspension, I really do hope AK’s luck changes somewhat for the better.
Secondly, I am not a regular poster at all but fail to see how a cryptic analysis of someone’s feedback from IR, can establish them as not acting in good faith. It is tantamount to slander imho.
RR et al please please keep up the faith and the excellent feedback. Happy Easter to all…..
It’s 6p because Maven have been smashing the shares lower. I fully understand why investors haven’t paid 7p, I didn’t and am a big fan of the long term prospects. Time will tell but no more dilution unless massive cost over runs or the EV market suddenly falls flat on its face (unlikely). Just frustrating the delay in the new shares trading because of the EGM, gives hedge funds the chance to dominate/destroy a company share price with good prospects.
HZM (Big Fan) - just on a technicality I hear Market cap of £110m mentioned. When the shares from the capital raise finally settle (think c22nd Decemebr) the market cap will be c£280-300m. This should make HZM available for index inclusion into the All Share index creating passive index buying - not sure on size of buying but trying to find out from contacts.
As much as it maybe frustrating for pi's when valuations seem absolutely insane, you have to consider the institution herd mentality too. Post the US election and vaccine news, the latest Bank of America 'flow show' which was out on Friday highlighted that $27bln had gone into equities and $4bln had left gold funds - the latter being the biggest 2 week outflow ever, which is why gold stocks are where they are at the moment. Buy while you can as the euphoria over the C19 vaccine may not last forever. I am a big fan of gold equities and see the yellow metal turning a corner soon. Usually technical consolidation can take 4-6 months, and since the peak in Gold in early August we are now coming to the end of the fourth month. Support of $1850 must hold and then the upward trajectory will continue over the coming months/years.
The question why this share hasn't burst through the highs is that there is clearly more selling pressure (maybe the main shareholder) Peel Hunt have traded 10m the last 4 days so I would have thought they have the sell ticket - their volume was high in the previous selling period of the main holder disclosing disposals. Purely speculation/drawing the dots but I think that you may see an RNS to that end soon.
Coincidence that Kenny Alexander steps down for family reasons just as HMRC launch a probe into their Turkish operations a few days later?
Why not go long at $1770 for the extra $30 first?
On a slightly different tangent but also important for the gold bulls, is that Bank of America in their weekly 'flow show' research report, cited that last week was the 6th largest inflow into gold funds of $2.9bln. Hopefully this continues for a long time. They are now recommending 25% of asset allocation goes to gold and 25% to cash.
Surprised they are 48p offered. I imagine Stifel will be lifted soon enough unless they have a decent seller
Decent volume in the US thus far at 125k
I am guessing there is your answer as to why management reduced exposure to Dugabe…...they found a better resource in Kouroussa.
Either way as has been flagged, this stock is a massive laggard vs the rest of the oil minnows that have rallied hard.
Big prints of 3.5m and 4m - hopefully seller is cleared very soon
I read with avid interest all who contribute on these forums and appreciate all of your colour. With regards to HUM the largest shareholder declared having sold another 0.8% of the company last night down to 11.99%. Whilst the risk on rally in equities has left defensive positions in Gold and the such like under pressure, I still believe that with all the Global Central bank balance sheet expansion continuing apace, we are in for a secular bull market in Gold. I haven't followed HUM for as long as many on this board but this is a stock for the long term. Ignore the 5% fall today on what is small and directionally one way volume this morning and use it to add if you can. Central banks are destroying the value of money and only real assets will hold their value. DYOR GLA etc....