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Hardly anything before 2.30, and then a flurry of buys. As you say, probably not a leak, but anything's possible. The rise does show that any overhang the MMs may have had has now been taken up, with further buys causing a good SP response.
Agree with Rashpurchase in general, however I think that a.) it is only a guide, not a prediction, and b.) may not work very well even as a guide in the barely-functional market for gold junors right now. Specifically, finding funds for development, without diluting to hell and back is very very challenging for almost every gold junior right now. Valuations are also low just about across the board. On the bright side, one day, things will turn positive, and when that happens, I reckon the entire sector could double in value, before you start talking about individual stocks.
For those who don't know, Ross Beaty is a billionaire mining entrepreneur and investor. Here's a recent interview regarding the future of the gold sector: https://www.youtube.com/watch?v=OT66D031p_g
Volume is not high, but it's one-way traffic at the moment. All buys, no sells from what I can see. Watching and waiting...
No reason whatsoever, except that some posters are exceedingly childish (no pun intended!).
Thanks cf.
How do you find these commentators cf? Any particular places you look or do you just read a lot?! Just curious.
I very much doubt that's what JM is looking for. Whether he (and MC, and us) get what we want is still very much up for debate, but I'd personally be suprised if this ends up with anything other than a full sale of the company.
I would think that during a downtrend, the MMs probably end up with excess stock, such that they can fulfill decent buys from their float, though a large sell would drop the price further. I'd expect the reverse in an up-trend.
Https://www.youtube.com/watch?v=OT66D031p_g
Found on another board. Well worth a watch.
Probably all out day-trading HE1! Didn't see that one coming and too fearful of getting seriously spiked to get in now!
As far as KEFI goes, the volume today is not high, and as you say, there's no news, so not much to get worked up about either way. Every dog has it's day, and it'll be our turn soon.
Just filter him Dann. It's sad, but he convinced me a long time ago he had nothing worth listening to. It seems nothing has changed.
Indeed. For all the views expressed on here, not to mention official news releases, the SP has remained in a pretty stable range of between low 0.6s and low 0.7s for some time. Taking the spread into account, the moves are extremely modest.
That shows that the market is waiting for news. Whether that news be good or bad, only time will tell.
£19.5m dev spend on a project that, according to your assumptions and numbers, is currently only worth £29m?
Is that what you're saying, or have I misunderstood? If that is what you're saying, then I would hazard a guess that one of those two numbers is probably wrong...
...predicting 150 k oz production...
Let it go. It's not healthy to hold onto things for so long.
I'm probably in a minority of one here, but in some ways I'm actually looking forward to the next placing. No, wait, I'm not crazy - hear me out!
We all know it's coming - it's inevitable - we owe money, we spend money and we don't make money. What we don't know is when, how many more shares or the strike price. That fear I think is a large component of what's stopping some investers buying right now. When the placing happens, yes, the SP will take a hit and yes there'll be more shares, but the fear will be gone (at least until the next time, but one thing at a time). Thus I'd expect the SP to recover quite strongly after the placing.
And that's not considering any other factors, such as TK finance closure, which I think there's a very good chance indeed will happen before the placing, and any other positive developments.
No-one likes placings, but they're a fact of life in a company that does not yet make any money. So you better make your peace with it, or else leave and don't look back.
It's taken 14 months (and counting) because MC and, more importantly, JM, want a good price. MC has said they could have sold very quickly if they were willing to accept a lower price. Now, whether they get the price that they are looking for is another question, but that's why the sale process has taken so long.
Surrey's timeline may well be correct, regardless if it has come from MC or not. Certainly I think it's fair to say that most of us feel the time has come to wrap it up. There's no point continuing the sales process forever if no higher offers are going to emerge.
Very low chance of a failure IMO. What would that even mean in practice? No sale at all at any price? That seems highly unlikely to me. There is clearly a number of parties who are interested in the project and there are already 3 offers on the table, but possibly not at the price JM would like.
But there are really only 3 options in practice - extend the sales process yet further, choose a point in time, possibly only known to himself, to accept the best offer currently available, or build it himself.
No way he's a miner IMO. That's a long road and he has other things to do. You could argue that either extending the process or accepting a low offer could be seen as a failure, but it's unlikely that either of those would seriously hit the SP, at least, no more than we've become accustomed to already.
It's gone on so long, it's easy to think it'll never happen, but one day there'll be an RNS and that will be that. I'd expect that RNS to say that there is a concrete offer at such-and-such a price, which the BoD are reccommending to investers. On that day, I'd expect the SP to climb to a little below that proposed sale price - a small discount to allow for the chances of the sale not materialising. Thus, you would not need to wait for the whole thing to be finalised and the proceeds distributed if you just wanted to bank the return up to that point.
My understanding is that the London Stock Exchange does not actually publish whether a trade was actually a buy or sell. It is left to sites like this to basically guess which it was, based on the trade price and the mid-price between the buy and sell prices at the time. This is not an exact science, and it frequently guesses wrong. Don't worry about it.
I suppose a falling SP makes a consolidation more likely, and also that a share price that has fallen before a consolidation may well continue to fall after, for the same reasons. But it would be a logic error therefore to conclude that a consolidation leads to SP falls...
Not sure what you think would change with a consolidation, for better or worse? Fewer shares, with a greater value per share still adds up to the same total...
For anyone who cares, TCM is copying posts verbatim from ADVFN. Posts which may very well have an agenda themselves. Look on ADVFN and make your own mind up if you wish. As for TCM, not sure he's capable of an original though or meaningful insight. It is highly unlikely you will miss anything by filtering him.