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Shorters have made 40%+ in last month. Is the path of least resistance to more profits doubling down on the short or buying and riding it up?
Have a look at AML pulled down brutally in to results, and on results, now double.
We could finish above the 50 day MA for the first time in 4 months here.
Oops bought a few more!
While I don't think many will criticise SD at the meeting, a few questions hang in the air. Firstly the share price drop of 40% over August that lead in to the rights issue and Wyloo funding. Was word out? Did Wyloo push the price down so they could get a better deal? SD is constantly bigging up Haverion and what we have. Why the need for extreme discounting.
On another note thanks for all the fantastic input and research from everyone - including on GGPCHAT. To recently read of the new job ads for 5year+ posts, is brilliant for the confidence. Also the on going stick thread relating to shorts.
We hit 7p - 30th Sept 2022 - I imagine we'll revisit this fleetingly before 7th Dec news (though the general punter won't be able to buy at this price!!) - and then the rise will start. The market loves a double bottom. Still adding down here when I can afford it. GLA.
Being the nature of 'charting rules' being somewhat self-fulfilling, does anyone think this has to double bottom (at 7.25) before going on a run? It wouldn't surprise me.
No one who's properly read last night's report from Newcrest will be selling. This company is worth more than £400m for sure. A seismic release might not drawn any more buys out of us cash strapped PIs but funds will have taken notice and their buying will take time.
Stu and Liam's webcast was great last night. Thanks guys. As was discussed it's well worth looking at the schematics in the Newcrest exploration release showing where the new drill results come from. They reveal the true expansion of the ore body from this quarters assays, also how we are now well outside the bounds of the previous MRE. Page 11 and pages 61 on. Impressive.
Has anyone out there been doing any charting lately?. I’d be very keen to see any thoughts. Thanks C_L
Click on your portfolio tab and go to corporate actions.
Best of luck. C_L
The bully is licking his wounds. Give him time, then he'll come out bigging up Hav with zeal.
I thought I'd reiterate the find again. Because it is....... OUTRAGEOUS.
G4U. Perfectly said and good interpretation. We are worth considerably more today than yesterday. Once funding cleared this will amply reflect in SP. Has anyone watched Succession. It is full of corporate games. This has had the smell of that and great this 5% issue is sorted either way. Let the focus get back to digging.
Keeping the 5% is incredibly good news. Short term we're short of $60m, long term we're likely to make 10 times that. It is the best possible outcome financially and as Bamps and others states it is due to NCM's own financial woes, nothing to so with Haverion's viability. This is going to mine - they are digging a decline NOW, they are growth drilling NOW. SD has played a blinder getting the value of the 5% up. If not we could have lost it for a fraction of its true value. Debt wise we have NCM's facility, though it would be good to have a very clear statement of where we are with this and contingencies in place should it all be used up. Short term we might have to curtail a bit of drilling on other tenements but financially NCM not being able to buy the 5% is manna from heaven. Congrats all.
Thanks for everyone’s thoughts and feedback on yesterday’s presentation/q&a. It’s very useful for those of us who couldn’t make it. Appetite suitably whetted. C_L
Both live price BTW
With a bit of patience I just managed two purchases totally £9.3K at 9.41 and 9.419 on ii
Thanks for the info Nap. It's great to know.
The Northern Breccia assay is phenomenal. That is growth right there. Not so deep either. And if you look at the PDF on GGP website some big drills still to come.