Member Info for Danger_Mouse

Today was a massive victory for the buyback. At 887p, GAMA is trading at less than 10x EBITDA for a business with 13% growth and a massive cash pile. While the 83,291-share uncrossing trade (UT) appeared as a "Sell," just now the sheer volume of that block relative to the daily average indicates a significant transfer of ownership rather than a fundamental exit. For a company that recently confirmed 2025 EBITDA at the top end of the £140m–£143m range and holds a robust balance sheet with £97m in undrawn credit, this orchestrated dip to 887p serves as a high-velocity gift for the buyback algorithm. By forcing the price down on macro-fears, sellers have inadvertently allowed the company to retire its float at a steeper discount, accelerating the mechanical destruction of the short position’s exit liquidity. This isn't a breakdown of the floor; it is a tactical reset that makes the eventual supply squeeze even more violent as the available free float continues to be cannibalised at these multi-year value lows.

Today’s move to 900p is noise. The company proved yesterday (with a 915p high) that they are willing to support the price significantly above these levels. This 13p dip is a gift to the buyback program, allowing the company to retire more shares for the same capital. While the 'armchair experts' focus on global tariffs, the structural reality is that GAMA's floor is being reinforced with every trade at 900p.

Darientaylor no worries, all is good with me and good for gold related stocks this week. We don't know how GG is positioned. He may just be like me buying on these pull backs as the free float is held by PI's that are easy to manipulate. If we don't get full licence, the overwhelming chances is another extension, this is the way in Brazil.

I don’t know why people listen to the Vox podcast; they truly are armchair experts. Their recent take suggests that AI-driven call center automation threatens the business communications model, but the reality for Gamma (GAMA) is far more nuanced. Gamma is a software and connectivity provider that manages the digital infrastructure required for communication, regardless of whether the end-user is a human or an AI agent. As businesses move toward automated systems, they still require Gamma’s cloud-native architecture, phone numbers, and secure data pathways to route those interactions. This shift actually creates a margin opportunity: by integrating AI features like real-time transcription and sentiment analytics into its portfolio, Gamma is moving beyond basic connectivity to offer higher-value, premium services to its SME customer base in the UK and Germany.

I would not know how what platform I would even need in order to go short. Thanks for the support other but I should have clarified from a technical point of view it was overbought on the short time frame... when this happens people take profits even when it is on a forward P/E of 3 and the long-term trend is VERY strong and VERY steep upwards!!! I am dip buyer on long term trends and I will sell on the way up to allow others to buy.

A 57,565 share UT (Uncrossing Trade) at 913p is a major event for a stock like GAMA today. Based on the current disclosed short position of 1.73% (approx. 1.62 million shares) and an average daily volume of 380,000 shares, means of shorters decided to exit tomorrow, it would take them over four full days of buying every single share traded to get out. Since they can't realistically buy every share without spiking the price, the "real-world" exit time is likely 10–12 trading days. They are effectively trapped if a catalyst occurs. The shorters (AHL, GLG, MW) are now looking at a 4.26 "Days to Cover" window that is shrinking every time the company cancels more shares. They are shorting into a rising price, which is the definition of a losing trade. But it aint over until break out as the technical traders still say "short". We could even expect a private equity bid to step in to replace the board and we'll all be happy.

SRB was overbought last couple of weeks. Smart profit taking while I have been buying. Its back down to relative performance of the junior mining index. I have added again.

Corryvreckan1, you're playing a very smart game of "Technical Chess." Using those stacked moving averages and the long-term downtrend channel to argue that sentiment hasn’t actually shifted yet is textbook technical analysis. For someone who backs this "drift" theory so convincingly, being long seems at odds with someone so smart. If the "concrete floor" is truly expected to fail and the stock is heading to the 870s, a rational trader would typically exit and wait for that level rather than holding through the pain.

The current battle is clearly defined by two different schools of thought. You are putting the case for the Trend, which remains a formidable opponent, while I am betting on the Math of the buyback. The pivot point is 919p. If we open Monday and stay below 919p, your drift theory gains merit and the technicals suggest the market is still respecting the overhead resistance. However, if we break that level, those inversely stacked moving averages start to look like fuel for a trend reversal and a squeeze on the new shorts from AHL Partners.

The argument regarding the 25% daily volume limit is interesting, but I believe it actually reinforces the bull case. Because the company cannot simply dump £42.5m into the market in a single week to spike the price, they are forced to be a persistent and structural "buyer of last resort" every single day. This creates a slow-motion supply shock. By clearing out the overhang at the close through trades like Friday's £778.10k UT at 909p, they are effectively drying up the liquidity that funds like Marshall Wace and AHL need to exit their short positions quietly.

The long-term downtrend is real, and the rejection at 969p earlier this week proves the market is still wary. But trends only look impossible right up until the moment they break. By maintaining a long position while arguing for a slide to the 870s, you are essentially admitting you're afraid of missing the very "whiplash" you are mocking. We will see at the 8:00 AM open on Monday whose floor holds up.

As for forgiveness over the use of "dollar", my partner won't be forgiving me for spending so long composing this over the weekend either.

When your using P/E you have to go on forward P/E as the gold price has moved up fast.

Corryvreckan1 gap filled and still think it's 'drifting'?

Another £1m UT just went through at the close. That’s £3m of stock hoovered up in the last 48 hours in the closing auctions alone.

Notice the pattern: The price hits 881p (the floor), the big buyers step in, and they 'uncross' the day's sells at the close to clean the pipes. This is textbook accumulation. The shorters are being 'fed' the liquidity they need to exit, but only at the bottom. Once this volume clears, there will be no one left to sell at these levels. The 9x P/E floor is officially made of concrete.

Thats a good point no one here has considered. When GAMA buys back shares this time at a lower price than last time, then each dollar spent retires more shares, accelerating the growth of Earnings Per Share (EPS) and increasing the remaining shareholders' ownership stake more efficiently than before.

YHaL, I’m more than happy to wait. The market eventually acts as a weighing machine, even if it behaves like a voting machine in the short term.

You say undervaluation doesn't matter unless you can wait—well, that's exactly the point. While the 'inflow seekers' are busy chasing momentum elsewhere, I’m happy to park cash in a business with a double-digit FCF yield and a £85m buyback support floor.

The 'something' that needs to change is already happening: the share count is shrinking every day the price stays this low. I'll take the 'boring' undervalued play over adding to my junior miners any day. In fact I am taking those profits and added here before the results. See you in 12 months.

It’s one point we can all agree on, whether you’re long or short.

At this stage, the only thing that matters is whether GAMA is overpriced or underpriced.

It doesn’t matter that there are growth opportunities elsewhere (I’m in junior gold miners, for example). None of that changes the core question: is GAMA mispriced, and in which direction?

I hold PAF but SRB is structurally the better upside vehicle than PAF if gold rises higher.

As expected but I would say a few quiet positives remain:

* Balance sheet strength stands out: $49m cash, $42m net cash. That gives real downside protection at this valuation.

* 2026 guidance is a genuine step-up

* Coringa execution continues to outperform expectations, helped by the ore sorter strategy.

Exploration momentum is real, with resource updates due in H1 2026.

Would have thought a payment to shareholders would be best but that is always a challenge when dual listed. Very happy with results and guidance!

After a monster rise there has for weeks been profit taking and still a reasonable amount of buys to support the share price. Remmber this is still cheaper than GDGB or any other stock found in the top 10 of any gold mining index.

Historically silver peeks earlier than gold. If you want the performance of silver with less risk just 3x leverage physical gold. Bizzarly it is less risky to that now.

I should add multiple expansion is not easy an dependent on external factors. If your looking for growth through operational gearing then THX and SRB are both relatively cheap on screening and upside through operational gearing. Both net cash.

PAF screens cheaper than anything in the Junior Mining Index and even GGP on a forward basis as GGP rises 20% this month alone. Only buy GGP if you believe that ramp up production very quickly.