Member Info for ID78

@Jam - isn’t this just what happens in between drill results?? … A few canny guys investors are able to trade the dips.

I don’t hold but am hoping for below 1.4p to buy. Of course results could land and this could take off, that’s the chance you take.

But the sells between drill results are normal. Nothing more..

Don’t f*** with crazy. Simples.

Volume bought 7.8mill, sold is 6mill, in theory.

SP down 9%?…

*If the grade doesn’t improve and DRAG the gold pour along with it

I know, we had plenty of great analysis on another goldie by a poster Aprogerson.

When the company published gold pours they were miles out. It would be nice for the company to tell us the gold grade. I emailed but never got any response from GRL.

Long term, if the grade doesn’t improve and stage the gold pour along with it then commissioning 3 more HL pads (currently we have 4) will increase the gold pour.,,

It would help if we knew the grade of gold in the latest gold pour, but discussing that subject on here there is the opinion it was around 0.5g/t with the gold grade dropping as they exited pit 2.

They are now re-entering pit 1 with an expected gold grade of around 1g/t. If this improvement does happen then they’ll be pouring 1000oz soon enough.

Next gold pour expected the RNS second week in March?…

Sorry - but distracted at work.

@shareminator - looks that way in that other instution(s) picked the shares up.

Nothing as yet worth investing for - NO. Plenty to invest for.

@PaulJ - nice :-)

Phillorkill - I mean all the shares bought recently were the shares sold by Devenport and hardly an PI shares (so PIs aren’t selling - sticky hands?)

Sharemintor - looks that way

I got the 86mill from a December RNS…. But 16.4% of 900mill is 147mill

So… all the shares bought recently were Devenport, and hardly any PI’s selling…

Kevin - yep that’s the hope, SP high of 1.7p before the 16% dilution and subsequent anchor on the SP.

Gold pour since then has increased considerably (average pour was 175oz; Jan gold pour was 400oz and Feb 500oz)

Downside is the reported gold in the largest pit doesn’t make sense. I asked the company to clarify and got nothing back, but there is every chance of making money over the next few months…

Sorry Kevin, only reading this now.

Dai beat me too it, sold the 85mill shares (16% of shares in issue )in 2 months… doesn’t look like purely retail buying as the volume traded in that 2 months is about 140mill. A lot of buying the last few sessions.

Anyway - CGNR. Same I plan on buying if/when it drops. Bought yesterday but the SP didn’t budge this morning and the rampers were likely exiting. Will buy when it drops back further…

Devenport had 86milk shares, all sold, and the volume since 23rd Dec near 140mill(ish).

@antibacterial is right, that’s not retail investors - there’d be more churn if it were retail. Somebody with deeper pockets had been buying.

Yeah I expected the sell off to drag on a while too. As I said some appetite for these shares

So prior to the CLN default announcement that led to the Devenport shares (2nd Dec 24), the SP was 1.575p (and 1.7p the day before).

The company was announcing 1920 oz gold for ALL of 2024 at that point…. an average of 175oz a month.

To date (in 2 months) they have poured 400oz and 500oz.. and Devenport have sold out. There are 16% more shares in issue but the POG is higher and gold pour increased nearly 3 fold…

Well there’s been an appetite for all those shares… so you’d think so LW.

I bought some at 1.20p on that basis

So… if GRL mine 500oz a month, what’s our guesses on free cash flow?

Devenport sold out on GRL..

DGENs coffee hit hard this morning and had to go for a wee nap after all the excitement lol

On GRL - I did email the company to try and find out the grade for the last gold pour. And for them to comment on that table for pit 4.

No response unfortunately.

The slow and painful drip to the support then the re-rate higher to a new level on drill results.

Then the slow and painful drip to support. The the rerate higher to a new level on drill results.

Yup, seen it time and time again lol