Member Info for ElectricLion

Thanks for engaging in an intelligent debate Bear (unlike the other numpties). However, they were very large trades which would have taken some time to fill - probably the whole morning up to the time the trade was printed. The quoted trade price will be the average of the whole order, and so the price to buy for a relatively small quantity at 9.24am is probably not indicative of whether these very large trades were buys or sells.

The largest piece of evidence as far as I can see comes from the fact that the SP is down, and not up. One would expect such large trades to affect the price, yes? So if these trades were buys and not sells, why is the SP down?

Hubstar: Repeating your dodgy claim doesn't make it any more true than it was before. What is your evidence?

"I was reminded of your link and I think we have the answer to that quadry. There is most likely a year of that bull cycle left."

If you liked that, here's something similar: https://www.youtube.com/watch?v=KMZbrhPUX38

A bit repetitive and wordy, but you'll get the gist from the first few minutes. A crypto (and tech/TSLA?) spike brough on by a Trump win may not be enough to change the long-term outlook. Time will tell.

"What also is not a good look is continually making the same mistakes."

You have zero visibility into what anyone else is doing, on this share, or into any other financial decision (apart from what they themselves tell you, and they may not be telling the truth, the whole truth and nothing but the truth).

"This share is basically losing peeps money year after year"

Until it doesn't Seingred, until it doesn't. It's called investing.

Why are you certain that they were buys? The trade price was 0.6p. The day started with the SP higher than that, and is now lower.

I have as much interest as anyone in making good money here, but we can all do without unfounded speculation, in both positive and negative directions.

Gloating is never a good look.

"it would appear the second bank were waiting for the political situation to settle"

Nah. These deals take months. Just a coincidence that's all. Don't muddle your own political opinions with events here.

Meh. Who cares. This isn't the Amur chat board...

Don't blame him to be fair.

It's hard to truely say, since we have so little guidance from the BoD, and as we know, Seingred just loves raking up the past forever, which is a bit off-putting to anyone inclined to offer concrete predictions of any sort, but...

I think I said a while back that 60p would be fair, but again that was before gold took off. I like dictumdedicto's analysis (23 Oct 2024 21:23), and concur with that line of thinking. I think the eventual sale price will suprise most (in a good way!), but the mood of most shareholders, and the market in general, has been so bleak for so long that everyone is still bracing themselves for a punch rather than a kiss! lol

Since I said 60p previously and consider £1 as possible, but unlikely, let's split the difference and call it 80p. Not financial advice, so no need to haul me over the coals if I turn out to be wide of the mark! That's just my honest opinion. I can't see JM agreeing to sell for a lot less.

MC's new reward level was set before gold took off IIRC. Things change. The gold price is a reality. The NPV is a reality. Not a sale valuation of course, but a reality none-the-less.

The reality is JM simply hasn't and isn't going to sell for a 'low' (in his view) valuation. He'd rather just wait another 6, 12, 18 months. As long as it takes. As far as I can see, the choice is not between a 'low' or 'high' sale price (though I accept it's all relative and subject to anchoring bias, amongst other things, as the BoB have given us nothing more concrete to go on), but rather how long we have to wait before a 'fair' (in JM's eyes) offer is made. We have to hope of course that JM's fair price is ultimately achieveable, or we could be waiting forever! But that's the reality. We'll have to wait until JM's happy, and JM is not going to be happy at 40 or 50p a share, not with gold pushing up against $2800 and NPVs through the roof.

Might be an idea to take your own advice Surrey:

"BMR I'm not sure venting here is going to be doing your mental health wonders. Suggest politely emailing to keep the pressure on once every couple of weeks, but other than that the only thing you can do is sell, or continue to hold tight."

You may be right, but "finalise second bank credit approval" is the first item in that to-do list (assuming a roughly chronological order), and we're in Q4 already...

When all's said and done, I think he put more in here than he could afford to lose, and so is now rather emotionally involved, to put in mildly. I bear him no ill-will, and indeed hope for a positive outcome for us all, but at the same time, have no interest in anything he has to say.

As each day passes, a future event gets closer, yes. That also applies to the 2nd bank sign-off of course...

Ego has been the downfall of many investers.

Charming. Filtered.

Buy, hold or sell, but please stop moaning.

Jim runs LSE? What new nonsense is this?!

Ahem, anyway... IME, when the LSE admins remove a post, they take out the whole thread, so there may be some collateral damage on occasion.

Regarding your last point - I'm sure they've run the numbers and are correct in what they say, but as always, cash is king.

If you have $120m or whatever ready to go, then it's all good, crack on, and get your outlay back in 6 months (after 12-18 months construction and full production start of course). But if you don't have $120m burning a hole in your pocket, then you have to get hold of the cash from somewhere, and that could be expensive, either in interest rates or in dilution or both. That's the sticking point.

If it turns out that they are unable to sell for the price they want, then perhaps JM could fund it out of his own pocket, but I think that would be a last resort. At the end of the day, he's an invester, not a miner. Plus if he can get his cash out soon, he can reinvest it in other gold equities, as opposed to having it tied up for goodness knows how long.

Thanks. Even if your target is closer to the eventual reality than mine, doubling my money is "ok for me" too!

As I say, not all of us wish to announce our every financial transaction to the entire internet. That's not hard to understand surely. I find it strange to think that anyone would really want to. It takes all sorts I suppose.