Member Info for CheltenhamFlyer

Mail on Sunday’s Riser and Fallers of the Week - AIM 100 biggest risers, Greatland Gold +15.35%, promising exploration results in Australia.

I suspect it’s as much because the ‘hot money’ has sold on news and chasing the next AIM rainbow. It will return as we near production.

NM already own Telfer.

GGP makes it into Aims ‘Risers and Fallers’ of the week again. Up 14.4% although the brief description of ‘Drilling begins at Australian gold project’ doesn’t tell the full story.

Assuming it's true, it could be a casual conversation meaning nothing really until a formal offer is made. Can't see that happening or even being considered by Shaun until the updated MRE is available.

Tig, forgive me if my memory is a little cloudy but I recall that the March MRE using the November 2021 results cut off was commissioned/published by GGP in response to Newcrests position during the 5% negotiations in that Newcrest were relying on the earlier out of date MRE.

Regards CF

The Newmont takeover has been agreed, the price of gold has gone up, we've presented at the Denver gold forum, the Ernest Giles land access agreement has been sorted and we've had a Hav update today.

Disaster really. What do you think?

Mothballing Hav puts the pressure on Telfer which is on the verge of being uneconomical now. The resultant additional layoff costs of staff there would make this a non runner in my view. Then there’s the Government requirement for Telfer remediation. Not sure they would let all this stand for a period of time without clean up work’s commencing but not sure of the rules.

Just can’t see it happening.

Tried to do a small spread bet long and IG are saying 'We're not accepting trades in this market, only closing trades are accepted'!

Sorry ignore that wrong share!

Tried to do a small spread bet long and IG are saying 'We're not accepting trades in this market, only closing trades are accepted'!

Toffers - Re your 14:22 post there were far fewer shares in issue at the 37p price so you can't directly compare.

Also, you seem to have lost yesterday's sympathy for the poor Newmont shareholders being hard done by with your excited £1/share mis-calculations. Greed got the better of you?

Fred 'Aweful' is spelt awful

Epic/Icelord- I hope we hear something on or before the 31st August but please note the RNS also states 'or at a later date to be agreed by the parties' so we could obviously be faced with another extension if for some reason agreement isn't reached. Fingers crossed we'll get over the line and at last, we can move on from there.

Elc - agree. Also strange about the faux concern about the share price drifting when Prem is down 19% in the last week.

We have heard from the likes of Speedie about the possible future gold market but the news is now hitting the mainstream media.

https://www.thisismoney.co.uk/money/experts/article-12180789/Could-China-mystery-buyer-driving-price-gold-investors.html

Hi Yellowstuff,

Yes agree re the news front, it’s just frustrating waiting for it! A near 6% buy/sell spread makes it difficult for the traders to make their returns though so they can’t always be blamed for the ‘manipulation’ either.

Actually in the USA at the moment so missing the air traffic. A bit early for the air show so something else must be up.

With only 3 million shares bought/sold in 94 trades (at the time of writing) and a 5.88% spread there’s just not enough volume at the moment to drive the share price. We need real news to create demand to give us the relief from this tortuous price drift.

Everyone - LSE’s algo isn’t smart enough to determine correctly if a trade is a buy or a sell. All it does is compare the trade to the mid price at the time of execution and if it’s below, determines the trade as a sell and if above, a buy. If the trade is exactly on the mid price it’s ‘unknown’

In real life buys can be below the mid (I know as it happened to me this morning on a top up) and show as a sell and vice versa if a sell happens to take place above the mid price.

Cheers

CF

Hi Jerry,

Your point is starting to hit the mainstream media:
https://www.thisismoney.co.uk/money/comment/article-11609409/JEFF-PRESTRIDGE-Buy-little-gold-help-brighten-portfolio.html?ico=mol_desktop_money-newtab&molReferrerUrl=https%3A%2F%2Fwww.dailymail.co.uk%2Fmoney%2Findex.html