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I think this will move north on anticipation as it did before of the E.G results. It would be nice to see the havieron results prove positive, give the company some credibility that it is in the market for the right reasons and not what the naysayers are saying regarding being a lifestyle company. I don't think the 3 Dip model for firetower will have much influence at this stage, and then there's black hills which could well be the dark horse of the lot, and we should get some feedback on that shortly... GLA
No problem mate, in the end this is only going one way, and that's up GLA
Paddy there's a sell at the same time, then they ticked it down, to be fair it's impossible to tell apart from the fact it has gone down as a buy which is what counts...
I think that's anyone's guess at the moment, prove up 1 million ozs which is approx 3p straight off or good drill results at Havieron which could potentially re rate this share around the same or higher, or both which could leave us god knows where with the E.G news still to come.. Exciting times, but first things first GLA
You'll get there Jaffy, this is only temporary I'm sure, then it will march further north on news I personally think. Two or three down days then maybe an RNS, or a short period of consolidation then news, and if the drill holes at havieron are good, all hell will break loose.. GLA
The two big gains in October put the share on the limit of being overbought office manager, and then the first pulled back on 3 days forming a flag (buy signal) and then another big move and it then moved a little sideways/upward movement before descending, and we were waiting on news in November I believe? Before we eventually got delayed to that fateful day.
Yes Kempey, your right if Newmont step back in the fold, this will go bananas and we'll be back to trading 600 million a day but I think that will be Sept time when the drilling in E. G should be roughly complete or at least we have an idea of what's come out the ground.
The MACD showed buy on the 21st of May, both the EMA and the MA 100 days are above the 50 and 20 day averages. People are buying on anticipation, I have 3.5 million, they can buy all day if they like, suits me and everyone else who is holding long term, but it will have to pull back to go again like it did in October.
The stochastic and the rsi both show the stock is overbought, every time it has reached these levels the stock has pulled back.
Looks to me like people are frightened to sell in case they get frozen out with lots of news imminent, the stock is overbought but no real drop to speak of.
Good informative post Prof. Goggles, a lot depends on extraction costs, what our share would be after as we are not mining it (probably) price of gold etc. Roughly if we extracted 1M ozs and our share was $100 per oz divided by the number of shares in issue so roundabout 3p as a rough guide.
And with Blackhills being purchased for $25,000 cash and approx $200,000 in shares, is he going to sell on the cheap? No chance, those shares will be worth something in time, otherwise the deal wouldn't have been struck
Four futurebuilder including firetower. Newmont know what's in the ground after doing their deep sensing geochemistry. We are drilling to start proving it up, and why drill if there's nothing there? Spend the money more wisely elsewhere. Let's hope that's why the company are doing it and not some alterior motive none of us are aware of. Hopefully Havieron puts us on a good footing, and if it does the share should move rapidly northwards in anticipation of E. G. Good luck everyone, this time next year Rodney....
Lol, read what I put at 18.30 yesterday, then read his tweet which is an hour after! Sounds like he needs to do his own research...
So if you wipe out the MM's stock, then what happens, the stock can't move as no free float, so they have to gap up?
There are other promising projects, but E.G is the focal point it seems
For anyone new, please don't listen to all the rubbish being banded around. All LTH's were new once so we know what it's like. Information is readily available on the company website, or sites like Investooedia are a great source for looking up what you don't understand regarding the market. We know Ernest Giles is a land mass the size internally of the M25, and that the areas discovered to possibly hold viable amounts of gold are larger than Kalgoorlie, formerly known as the super pit for its high return. Doesn't mean E.G has this but who knows! Do your research and if you feel comfortable, invest what you can afford GLA
Who?
The options are the same as they were, only the warrants were cashed to cause dilution. And why would they cash in those options at this stage?? You're talking utter nonsense, get yourself a hobby other than talking rubbish
Futurebuilder, we were trading 600 million last year, but first things first..... GLA