Member Info for deepjoy

raised the bid now that is a better sign..MMs need to stop fleecing people

https://twitter.com/BigBiteNow/status/1586672854417956864?s=20&t=65tAPJB51ly5IH3R6VWQvQ

well I've quadrupled my holding this morning. Strategic moves by the Chinese Gov to build alliances using a state owned group at this price is compelling. Only regret; didn't occur to me before.

Don't be too harsh on him, in Dec 2016 I bought it as £930 an ounce over 10yrs later

Rich..I win either way so hope you are right, if you are not I'll just load up more :)

Love to say I agree but I think first Gold is going to tank in the short term as deleveraging takes hold across the world economies. It always does as people sell whatever they can to reduce liabilities. 6-12 month lag I think and I have owned physical gold since 2016 so will take the hit in the short term. Thereafter thou I agree 100% so depending on your time horizons gold is a great investment. Shanta relative low cost production model will see it through whereas other miners; well they will really struggle. IMHO of course.

Fair enough..filtered for ease of reading the board from time to time :)

publican...why do you continue to post the same thing? you are repeating your thoughts again and again. Why? I get you don't want to take a position yet and why that would be in your opinion so please don't become a pain about others decisions here. You could be right or your could be wrong but people have a right to decide for themselves without you repeating things time and again. Thank you have a nice day.

if there was any sort of preliminary offer made they would have to inform the market so you are just plain wrong!

I suppose it all depends on that the boards red line was for an offer. if it was too high then no wonder they walked away. We will never know but at circa 9p this is still a steal so after an hour of trading I'll see where we end up before deciding tomorrow after the FED decision on whether to buy a second tranche. Gold is at risk at a tipping point the next few days.

In keeping with other miners today some people are trading the shares on the movement of the gold spot price...pointless but they do it. look at cey movement as an example.

well I bought back in 100k as a starter.. :)

Wow.. if this falls much lower I may buy back in.. and cheaper than I sold two weeks ago at this rate.. panic or what! it is one of the lowest cost producers out there ...

No need for that Echo1.. I am not in this but feel for those who got spiked...it is sad to see both for them and those who gloat.

all this is not helped by the fact that gold is heading to close today on the 7th monthly fall in a row...gold is out of favour with the markets.

AS an ex-holder (sadly I sold out over two weeks ago) here is my take. The market disclosure of interest was, in my view a power play by Erik and it was good to see such interest. If I have one major criticism it was the second RNS clarifying the potential offer if it came from parties in cash..? No need for this RNS at all it was not required and one has to question why it put out there. Such detail would normally be announced if a bid was made not to stoke the market.
The CFO's father dumping shares may or may not be related but in my mind if you look back at this share as pretty ill liquid most of the time over the past year any volume has provided an opportunity for people to sell down. The chart reflects this time and again.
I feel that a bid may come in time but if I were the CEO I would deflect interest by asking for a ridiculous price given that Kenya comes on line in 6 months and the producing assets will reflect in a meaningful re-rate over time. For the doubters about cash flow this is not a problem and there will not be any need for raises as some traders here seem to allude to. The terms of the bank loan were exceptional and in hindsight a genius move by Erik.
I don't like the comms style and never have but if I were Erik I'd be having a word with the CFO big time. ATB

sorry yes two

for sake of clarity there were no cash offers just clarification that should an offer be made ONE of the parties was going to make it as a cash offer ..big difference

It trades on a very high multiple ...

A point of order Watchman... just over half of tory members voted for her (80k) ...ps. I am apolitical -I hate all of them equally.