Member Info for captbonio

Greetings fellow sufferers. My £3115.36 investment in AAOG is current worth £62.88
Does the team think I would get more satisfaction selling them now and buying a large box of chocolates or hang on for the hope of a dinner at the Fat Duck at some point in the future ?

Its all down to how much gold there is down there. At this point nobody knows... But.. we can all hazzard a guess.. If NC are drilling the F out of it, one has to assume there is a lot... 9 p for me.

Price up, but on a lot of small trades, with the 2 biggest trades over the last 2 days being sales.. one 600k. i want to believe this is going to turn around.. i keep on adding but its proving money down the drain so far...

Jimiam. When researching a stock to buy, it is always advisable to see who the major shareholders are. it will give you a clue as to how long and serious their investment is. Had you been here for any length of time you will know that Mr Beetham has been quite transparent about his holdings and intentions. I certainly wouldn't pass his quality of information on to a BB, and I certainly wouldn't say what I was going to do in advance. That he enlightens us at all is a blessing. He owns shares and warrants, and is doing very well.

Jonesrichard. You should go back and read the last 500 or so posts. You have focused your attention on "trolls and paid derampers" and that they "infect this BB with their nonsense". When you look at it again, and I strongly advise you to do so, you will see it was the exact opposite. The paid ones were the likes of JohnyEvans , Oldtimer1963 and of course the rebranded Mr Positive, Bronze_age, who posted every 2 to 5 minutes with more and more over excitable "nonsense" with calls for 25/50/100p coming soon. This is all designed to get the likes of you and me to buy and so not to miss out... Meanwhile, they, or someone who is paying them, is selling . The only way to sell large positions , especially without being noticed is to do so when there are a lot of buyers... They create the demand with rampant exaggeration and FOMO. They all disappeared when the market closed. Did you notice that
? The very few who tried to caution others were shouted down, as per usual with calls of deramping and actually the number who were deramping were the smallest I have seen in a long time. A few weeks ago this board was really great. Some well researched punters along with those who fancied a flutter. Now its the cut and paste brigade who have created a whole new category of participant, those who are already losing a lot of money. We are valued on a rough correlation to what everyone hopes is in the ground. Nobody knows yet. We used to hope it was 1m ozs... then it was 2m... now people start talking of 20m. NOBODY knows... its just speculation. What we do know is that its looking like there is going to be something special down there, and its slowly being unearthed. Stay calm, do your research and dont listen to those who 'know' where its going.

Dodgemeister. Cheers and yes, most definitely absent which means either they were ramping and selling at the same time (most likely and classic P&D MO) or they are deeply underwater. Either way, it was just a few weeks ago this BB was full of sane , optimistic but realistic players. Over the last week or so it has descended into madness. Hopefully this clearout will bring some order back to the BB.

Well played Dimvestor, Stargunner, The italian and Westozboy to name but a few , who called it correctly today
The heaps of rhetoric they received from the likes of Silverbackboy and johnyevans and the other ramptwastic Mr Postives in disguise crew show you that no one knows how the day is going to play out. Anyone who caught caught up in the 25/50/100p calls who now feel a bit foolish im sure. The gold is still being discovered, and it will take until the end of the year before a proper JORC is presented. This will be much higher by that time I am of no doubt but to think it goes straight up is just idiotic. I hope most managed to hang on . GLA

Sssshhh. Talk like that usually ends up with the opposite outcome.

Interesting to see the positive stance on Hav in the NC presentation and its been covered in depth already on here. What I thought was particularly interesting was their comments on Telfer. Clearly it is in decline and in desperate need of new feed.

"Newcrest is currently trialling Undercutless technology at Telfer, where 75% of the drawbell firings have been
completed. Key technical objectives of the trial are being met with design height and connection between the first
two undercutless drawbells achieved. The Telfer trial is on track for completion in March 2020. A second trial is
scheduled to commence this year at Cadia to build on the learnings from the Telfer trial."

This is all about Block cave mining work, a NC speciality, and exactly what is required for the deep seams in Hav. I love the planning going on here. Its all good. No more top slicing for me till 9 p

Just sold a few... Only 100K , and still hold 1.20m . It felt like saying goodbye to a very old friend. Cant argue with 240% though...

Ssssshhh ... You know what happens when we talk about buying things...

Its not a negative spread. Current price is 2.70/79.50 . What you are seeing is a bad price. Oh and btw.. A backwardation is when the forward price is below the spot price. Nothing to do with a spot price spread.

Seen it so many times... There is clearly a big buy order being managed today, so how do they kicked it off? Running sell stops down first... Its so dodgy its not funny.. and they get away with it time after time. It took me a while to refrain from using stop losses... is just manna from heaven for the Market makers. I'm guessing those stopped out were some of the recent buyers. If you get again.. just take a smaller position and risk all.... NO STOP LOSSES !!

I knew they were going to be good results but these are just breathtaking.
A few things that really stand out, even if thats actually possible. Havieron is mentioned in the second paragraph of the report. This is so important to them. It fits in with their strategy and they know this is their future. Also, when you look at the Red Chris results, they don't come close to Hav , not only in terms of grades, but depths too, and Red Chris was supposed to be the saviour for them. Glad to be a long term shareholder, but might even have to add now.

Not correct. Buying put options is only insurance and only has value if the POG drops below $1350 (plus the premium they paid) If they had financed that purchase with selling calls (as they should have done) then the price movement would have no affect. As it stands, they can still participate in an upside move.

Me too. This makes no sense. Its almost like they want to shoot themselves in the foot. Why not run two tests for MED2005 and DermaSys vs a real non medical placebo ?

Dear Trellis. Thank you for your offer. I have replied to your email.

They get to keep their high salaries paid for some time, and they get to participate in any upside. We , on the other hand, just have to hope that there is some success. Makes you wonder what the interest was from the other 22 companies was. Cant have been much if this was the best of the bunch.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/GGP/14273563.html

Totally agree. At some point this will probably get delisted and low and behold, who will pick it all up for a song ? You guessed it... Kemet... Con of the Century without a doubt. One of my worst investments ever.