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Rusty you're right.... Change occurs ONLY when mindset has been converted....
Thus process takes on average between 18-36 months trust me i have been there involved in a group of companies...
Having been a dedicated senior SCM within Asia it takes longer to convert, this will be similar to Russia but with force and force WILL be required in this geographical location..... But the future is bright just reduce your RISK... Watch the pattern trade the motion....
200MA hit but will it revisit on negativity.... Interim will show but bargain price that's for sure .......
Nearly at the 200MA.... Currently 26.25p
Coincidentally the longer term up trend support is currently showing approx 25p....
Place your bets peeps
UDF..... Now go stand in the corner of the room and dont turn around or speak unless youre told otherwise :D
I actually like UDFs posts as the posts always question the bullish longs.... Good on him or her for that matter!!!
Still bobbing around the 28p area.... Umpf!
Vulture.... What exactly makes you think high 30's?
Do you really expect the democrats will win? Jeez if they do we will all get burnt.... Trump must succeed...
Bitcoin currency and all other privatised digital currency will be made illegal eventually.... Governments have put plans in place to convert and will not allow privatised digital currency to compete.... This is all about taxation, greed and the scramble to survive nit to succeed but to breathe the bare minimum of oxygen that an establishment needs....
Bond market is teetering in failure (it already has unofficially), lack of confidence in governments within the western world is growing substantially, there is no return to how we knew our countries and it will not be for the better.
Thanks redort..... However although my target price was hit as said previously it could be likely that the sp will hit the 200MA.... But thats the risk and 25% cash is still available for that opportunity...
I called the high and cashed out at 41p+ then traded on the way down.... Several trade wins and a couple percentage losses so not all wins but knowing when to go cash is king...
All being said though, POG is haven't no a tough time in the media but not as a capable producer, this is key, the profit margin should still materialise even if marked down...
I do however have concerns with any company operating within Russia.... At some point they often become targets for individual gain hence in and out but not long, did that with POG 10 years plus ago, hate the company but risk/reward can be significant...
Not a doomer all the time just optimist ok and try not to follow the longs or you'll eventually get burnt.
28p
But not cheap enough..... Yet
Facundo .... That made me giggle, its weekend after all and the weekend is for fun!
RB..... PVC was always doomed from his ramps, you, like me see the true signals....
We are in a mess, decent pm stocks will continue to climb until the US election result.....
The markets will then be in turmoil leading I to 2021, probs until the end of Jan.....
BUT dont worry lack of government confidence is growing, the shift from government bonds to private equity is unnerbiusly growing ......
USD TO CLIMB
US STOCKS TO CLIMB
PM METALS TO CLIMB
IN THAT ORDER....
Good night x
Yep Rusty.... Price WILL drop further....
This is a result of the sciving and conniving internal dealings from the old board....
Good to see them OUT....
Lets breathe some fresh air whilst the price drops to a more acceptable level.....
Hold and wait..... Buy when the morale is low, sell when the going is good or sit it out for years and bite your fingernails...
Silver producers will multiply far higher than gold producers.... Its time to rechecked your
Portfolio....
:)
On track...
This is the result of the legacy the previous BOD left behind... Not the new!
Give them time, there's probably hidden agendas that needed to be cleared from the previous before a clear path forward can be identified.....
28p target getting g closer BUT I would not be surprised if the SP hit the 200 day MA..... Approx 25-26p...
Positive RNS but the SP slips further..... 28p in sight...
Reduced holding from 75% to 25% this open, terrible news....
next stop 28p for sure.
Yes it did rusty be honest..... Any ways I respect you highly for the history and stance that you give the board.....
Stick to that and leave the global economic money flow to others..... Loves you xxx
Sorry guys BUT just in case you haven't noticed.... The PM MARKET is in a downward turn... I know II's are a bit thick sometimes but if they valued their job..... They'd refrain from making a put!
Pretty simples really!
Rusty.... I think your dreams came after my earlier post.... Its an obvious analysis
Whoker, whoker, whoker, whoker..... He lip ads obviously not at the ready.... 'H' is for helipad....
But came in handy before the investigation that is... Looking forward to the report in all honesty.
A lower price is good is it not???
UDF.... I couldn't agree more.
There's no smoke without fire unless that helicopter hasn't been serviced correctly....
Petra.... $1600 would be a fair and conservative pull back.... What is happening now is what is and will be required to catapult gold higher, it could go lower to $1450 is but thats good ironically, the lower the retrace the stronger the upswing... If short term and unsure sell and wait, long term era will have the strength.
The only issue is whether or not a pm company can survive the lower spot gold price, explorers and developers usually falter in heavy pullbacks through accusations and debt... POG is one of the stronger companies albeit in Rissia which could be a concern as global tension arises between America/China and Russia.... I think we are a few years off rising pressure but ....Time will tell