Member Info for Charlie1984

Money printing
Another driving force is the relentless pace of money creation during this downturn. Central banks across the world have unleashed a spectacular amount of stimulus in recent months. Fiscal and monetary stimulus is a necessity to put a floor under households and avoid economic distress. However, it also devalues the currency over time.

Bank of America analysts called this move “financial repression.” Their price target for gold is US$3,000 by the end of 2021, 74.7% higher than the current gold price. Billionaire hedge fund manager Ray Dalio echoed this sentiment. Before the market crash, he said he was looking to gold as a safe haven.

https://www.msn.com/en-us/finance/other/alert-gold-price-could-surge-80-25-in-2020/ar-BB13c0vS

Every block getting swallowed up only ting holding the SP back is the low free float will keep rising to create a market IMO

Now 2.08 MM wanting shares closing the live spread

6%

Up again 2.0264

Flying

Just set mine to £5 per share suggest all put a crazy sell order price in

Due to the low volume put a sell price off £3 something mental to stop MM borrowing your stock

I am not selling, holding long but gives you an idea doing dummy sells whats going on and the MM will take everything for a very good price this should be double figures IMO

Sold to early on VGM 0.9p to £3.58 another hold stock about 12-14 years ago kicked myself since looks light lightening does strike twice but could be fork lightening and get really exciting GL

Fun. its crazy to think what will happen on news ever trade is going to NT and ticks up accordingly. Stuggled last week to add to my holding and thats when it had dropped a little.
When news lands everything will be going the the broker for execution IMO only about 27-35% stock in free float maybe well less than that though

Currently seel quote 1.94 to sell highest it has been in a while just keeps ticking up GLA

2.2p paid shes gearing up to start motoring

Looking good guys GLA

Think your forgetting Zim Gov picking up the electricity bill

keep_calm - I believe there are a lot rainbow chasing as there are a few Pharma Stocks shooting up, problem with selling in Cobr is going to be getting back in on news, it is difficult enough to get in when there is any kind of volume MM win win at the minute, opening the spread and making on both the sells and buys.
Pay day either this afternoon or tomorrow so will be adding more, expecting a RNS in the coming days.

For me the indicator that things are looking extremely positive was in the RNS dated 29th April. The appointment of:

Mr Daniel Maling - Corporate and commercial advisor with over 20 years experience advising listed companies in the natural resource sector

Mr David Clarke - Mr Clarke is an eminent Australian Geologist who has been instrumental in the discovery and development of several large mining operations

So when you have high grades and a extended mining strike zone and 654 samples due back it is obvious and easy to draw the conclusion that Mr Clarke is being brought in for his large scale development skills and Mr Maling will be dealing with potential take over offers or JV partners.
These two appointments come days before news is due to land. You cannt tell me that the company hasn't received a heads up on the majority of the grades and are just waiting fro the final few to be completed and in turn are gearing up for what is to come from high grades and a multi million oz reserve confirmation.

Limited free float 44.3m and will be a couple of big players wanting in . Happy to sit and wait and watch the SP race up on news when it re-rates GL

This is my take and opinion on the latest RNS

There was 1m delayed trade earlier and another 1.25m delayed trade MM walking the SP down to fill these trades expect a couple more at least tomorrow. Gla

There is a million buy from earlier one of a few getting filled ........ read the MM like a book GlA

My perception is exactly that of yours I believe we will see a rather large trade at 1.95-2p
MM are currently opening the spread to crest a false dawn so PIs sell, the fluctuation of the SP to turn it read is being created by the size of the spread. About 1hr ago there was approx 350k share left under 2p, this is strange as the sells don’t seem to increase this so it’s like a MM is filling a order as you say - GLA

RNS - Very interesting appointment everything lining up nicely, expecting gold results to follow imminently GLA

Thats all you need to do here not much science behind it............................. rewards are coming GLA

Why some get frustrated with the wait it is worth noting that this is gradually ticking up and we are getting closer and closer to news each day.
We are now into week 3 of a foretasted 2-4 week results update RNS.
This would suggest that news can drop any time. We seem to be clearing a number of profit takers out at these levels which is stopping the SP spiking and getting sold into and forming a gradual steady rise.
So we have 3 trading days left this week, if we get nothing I would be a betting man and say early next week. However, as long as the SP keeps rising without news I am happy to take a small rise everyday. GLA