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It is very cheap, and good to see Lithium mentioned. The 6th shipment is good to know about but still no metrics. i would imagine the ceasing of production will be a negative , but that they are working towards a JORC finally is very very good news, and what we have been waiting for for a long time.
I really appreciate the clear and concise information posted here, especially today. I am a LTH of MTR, though I do trade it a little too. I did a PF reshuffle today and have doubled up on MTR. I like the way it is heading and feel it is time to step up my investment to something more worthwhile. Thanks all.
Tilburn. Thanks for that summary. Gervaise recent said that we have in excess of £3.50 mio in the bank so your numbers are pretty bang on... We have a lot of time available to us on this budget, so very happy to sit back and await the results without having to watch the SP every minute. Takes a lot of stress out of it.
leaky leaky me thinky...
Morning Tilburn. Firstly , thank you for your great input on here. You always offer reasoned thinking.
Last years rampfest actually had little to do with what was in the ground, more about what NM was going to pay. People, including myself got carried away with the potential valuations. That they managed to get out with a small lost is wonderful really and definitely a get out of jail free card.
This time its different. There are real finds, and now they are drilling. Actually the potential is much higher than what NM might have paid IMO... and then of course there is always a posibility that a major does appear. its exciting stuff.
Morning All.
Actually I have to agree with Greenmile on this one, though i also agree with you that he is far too over eager. I put this whole sell off the last few days down to stale longs from last year getting out, firstly scale up, and then as averages were broken, scale down. i would think most have gone now given the volume of the sales. 1.32 Held which was a key support number for me and any close back above 1.52 should confirm the low is in place.
Obviously disappointed to the price down here, but for me it doesn't change my feelings on the company.
Clearly many of last years buyers have taken to move to 2.25 as an opportunity to get out. If they didn't sell out on the way up , some are selling on the way back down, as the price drops back below their avg's of risk limits (now that they apply again) I don't blame any of them at all. Its all about risk vs reward. The lower it goes the more its inducing some panic, which is helped along with negative posting and MM's happy to apply the pressure.
I am prepared to risk all on the news that coming. I've seen it back to 0.55 so 1.40 is still well up from there. I know everyone has different risk parameters, but for me, I am happy to risk 1.40 to make 10+
Stuart. Of course it makes a difference to your profits, but only paper ones. Would either price make you get out of the share? If you would stop out at 1.2 or take profit at 2.2 then of course it is important to you, and i fully respect that as a trading strategy, though it is not mine.
My point was that , i am in this share because it has almost unlimited upside potential. People throw numbers around without really understanding their importance. What those numbers reflect is MC and if there is a BO or JV for each of the properties there is no limit to where it can go. Mr Beetham said he was looking for 10p... I reckon thats a good place to start.
I see nothing to be worried about here.
We are down from the highs because a lot of punters got too heavily involved back in January. They got in because of the almighty newmont based ramp fest that went on at the end of the year. That they got a second chance to get out is for most of them a huge sigh of relief and they took it. Frankly I am glad that they managed to get out and hopefully they wont return.
This is just a correction. Nothing goes up in a straight line.
GGP is a different story now. Its not based on NM, its based on what they have found out there. Its very real and the potential for a mega find is high IMO. All of you who worry about every tick up or down will do yourselves an injury. You bought in because you believe its the play of a life time. I certainly do. If it goes to 1.2 or 2.2 over the next few weeks is irrelevant. Make your position size so that you don't have to worry about how much you are making or loosing. Just place your bet and don't get too close to it, and best not to look at this BB too much either. Its not good for your health.
News. I cant tell you the number of times I have encountered that. I find the only way is to leave a buy order in, but even that doesn't work if your SB doesn't have a good access to the MM. Often I am given the excuse despite it trading under my order, that the market wasn't offered there..... You just have to keep hassling them sadly. One of my SB's doesn't even arrive until 9am... hard to fathom really.
TomE .. I had to look back at my Fibonacci numbers mentioned last week... Support 1.69 and 1.52.. It did a lot of work at 1.69 so a close back above it is positive. The fact that when it broke below it , it didnt reach 1.52 or even close to it is very bullish IMO...
Pretty sure this was a big seller getting out but odd that it coincided with some new name down rampers, so maybe it was a short play in there too. Either way both will regret it soon enough.
Hi.. Thanks for the detailed reply. Your first post too. I am honoured
I found most of that on my searches. They have great potential and definitely off the radar.
I invested on that and backed up by the cash in bank element but am concerned about they're still running at a loss. Once profitable this will no doubt soar. Any thoughts on when we will see results ?
Spymaster... Given that we are showing 33m more buys than sales and we are down 12% , I guess its fair to say that the sell order(s) havent been posted yet. If its someone taking advantage of good news to exit. Its probably the only way to sell a chunk without too much disruption. Once its done and posted ,I reckon we will move back up again, but its touch to say how big the order is , but im starting to add
Another great RNS.. I particularly like . "We are further encouraged by Rio Tinto's application for an exploration licence adjacent to Greatland's Havieron licence soon after we disclosed exceptional results from our first drill hole. We look forward to keeping the market updated on our progress." I reckon they will buy it or JV
im fairly new to this stock and first time looking on this chat. You seem to have an interest, so if you have time can you let me know your expectations for it?