Member Info for ElectricLion

50677 share trade @21.75p is mine (and it's a buy).

Like others, I've been encouraged by MC's latest interview. There's still a considerable amount of guesswork and reading of tea-leaves, but the mention of a "high" non-binding offer from a Chinese company is very interesting. "High" is of course relative and open to interpretation, and, as with all the non-binding offers, could simply fall by the wayside (the main reason I suspect they haven't announced any of them, as they could potentially all vanish into thin air for whatever reason), but none-the-less, encouraging mood-music.

The gold price has to make a significant difference to the price we can reasonably aspire to today vs. the price we would have got in a true fire-sale situation 2 years ago (of course there's a opportunity cost as well, but there you go). If JM was going to sell cheap (by which I would personally consider to be under 50p a share), he'd have done it already. The fact that we're still waiting indicates he's driving a hard bargain.

PS. Planning a top-up or two tomorrow. I may let you know which trades are mine, since you seem to care so much. Or I may not. Watch this space.

So, erm, deflecting and what-abouting, rather than clarifying what you were on about in the first place? Situation normal. Sigh.

Seingred. What's your point exactly? Policing what I'm allowed to say? Or is it some vague accusation of hypocrisy? I really can't tell. Actually, I don't really care either.

"don’t hear the posters giving these hopes buying"

Some choose not to broadcast their every act to the world at large...

Utter nonsense SB. I've lost all respect for you unfortunately.

Consider the value Connect1, and forget your average.

https://en.wikipedia.org/wiki/Anchoring_effect

The longer the SP stays at these levels, the better for me. I am fortunate enough to earn more than I spend, so every month I can add more to the pot. The actual value at this gold price is far enough above the current SP that it's a complete no-brainer. Money in the bank as far as I'm concerned (barring severe black swans of course, don't put your house on it, not investment advice, DYOR, etc etc).

$2655.60 as I type. Will it go straight to $3000 without a breather? What's the NPV at that price? Way beyond anything any of us thought possible a couple of years ago, that's for sure. Only remaining question is what will CNR sell for, and when, of course. The waiting is painful, but when the final price comes in, I'd be stone-cold stunned if it was under 60p a share, and I suspect JM's target is significantly higher than that. Like it or not, this is JM's plaything now, so better make your peace with that. Let's hope he knows what he's doing.

Yeah, good interview. Not much we didn't know, but nice to hear something.

- The project itself is fine.

- Good money to be made at 1600 gold and great money at 2500.

- Nicaragua is the problem.

- Had offers "materially" above the current SP, but not good enough for JM.

- The price is the only real reason we haven't sold yet, but confident the project will be sold.

- Re-confirmed that asset sale is to meet rules and regs.

- Reading between the lines only very slightly, most likely outcome is a full company sale.

- Timeline is dependant on JM. MC taking a back-seat (his words).

I believe I understand it well enough. The project generally, and bank approvals specifically, are nigh-on inevitable, and have been for some time, but as I mentioned before, Kefi cannot completely dictate the timing. That is enough for me anyway. So sit on your hands, or buy more if you can, and then maybe just forget about it for a bit, until the day actually arrives.

Exact dates are for fools, whether they be bullish or bearish. As should be very obvious to anyone with 2 brain cells to rub together, Kefi is not wholly in charge of the timetable. It will come, and soon. Real investers can wait. Idiots like MC should be filtered.

Just sell up Surrey. IIRC, you said you were going to at end of July. FOMO is not a good enough reason to hang around if you're sick of it. Life's too short. Do something else.

PREM is much better is it? (You know everyone can see your entire posting history, right?)

Lol. I was wondering who would be the first to say that today! I suppose if you say it every day, one day you'll be right!

I wouldn't be so sure it was a sell personally. Remember that LSE's guess cannot be relied upon. A large order like that might have taken some time to be filled, with the reported trade price simply the average of the whole order. More than possible it was a buy. When all's said and done, the SP is the more reliable indicator of overall market demand, and that looks like it's breaking out to me.

Lucky, or perhaps, on occasion, JM actually knows what he's talking about. 150k oz production predictions not withstanding, he's been bullish on gold for longer than most of us...

Agreed Luthee. The market is full of people just like the ones on this board, so that should tell you something! lol

Besides, if you believed in an efficient market, then you'd never buy shares to begin with.

"Behavioral economists attribute the imperfections in financial markets to a combination of cognitive biases such as overconfidence, overreaction, representative bias, information bias, and various other predictable human errors in reasoning and information processing."

https://en.wikipedia.org/wiki/Efficient-market_hypothesis

"99% will have only posted on the GGP forum in the last 24hrs since the news broke"

You may be right, but that might make them better investers than most LTHs...

For myself, now that the uncertainty is resolved, I am looking at buying into GGP again, having sold everything at 8.something a few years ago.

Probably all just coincidence, but pretty big news for OMI and GGP today as well, to go along with the CEY news. Things are happening in the gold space...