The dumpers have heard nothing I haven't. Trading view + voice in their heads. Talks are today and tomorrow. Bit of research will tell you the other equally key news pending is a workaround to GPM. Quite desperate to make stuff up.
A few day traders have dumped and started spamming the bb. Let them go. Ignore and watch them quietly buy back in. POG and whoever is loading up alongside a general correction to the market cap is an infinitely larger drive force than a couple of doods using trading view. I'll let this keep going.
...of upside as these talks are paving way for direct talks between Putin and Mr Z and the other catalyst, a solution to the GPM issue. Stupid market cap created by macro extreme fear and FTSE and other tracker funds forced selling. A 20Moz, 420koz pa gold miner staying at 4p. I doubt it.
Both sides have softened tone ahead of tomorrow. Putin's war aims were deliberately vague so giving him scope to claim objective achieved. Taking out Azov in Mariupol gives him a big denazi win. Zelensky interestingly talked about not being able to remove Russian forces by force and on territory, was prepared to "go back to where it all started" ie actual implementation of the Minsk Agreements I and II. So lots of movement but don't expect a ceasefire straight away. The rhetoric has shifted for the better and escalatory statements and actions called out.
Suspect alot of traders and wet blankets sold into the rise and will be a little stunned (twice today) at the strength and volume. They will buy back into the rise. Expect more of the same momentum tomorrow. There's a move on the company in my opinion or at least an opportunistic strategic holding for a future move.
Very undervalued at that price but there's plenty headroom with first stop 10p. An end to the conflict gets us there in short order but second prize appears to be a strategic buyer making a move on the stock before it can re-rate.
Still stupid price for one of the lowest cost major gold producers in the world with operating costs in rubles, 420koz upper guidance this year and 20Moz resources, 9Moz reserves.
Options open but might not need them if UK rolls back. POG wants this sp back to reality, very concerned by opportunistic acquisition of the shares at current level.