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We finished up today Mickey, it was another blue day. MMs moved us up at the close yesterday to 0.48 but the buy at 16:30 was 0.45 on HL yesterday. Today at close the buy on HL was 0.477. Hopefully this steady rise continues all week. The bid and ask on GCAT is set to the free trade apps for some reason with a wide spread
Very interesting I've got the Mcap the same as the NAV from cointracker, the only thing I can see is KR1s monthly announcement on NAV appears to be the USD value except it's being released as £ value so the Aquis site has the Nav at £101m instead of £70m. There's a £55k buy just gone through at 0.39p maybe somebody knows something but a previous NAV of £70m would of had the SP around 24p also of not is in the last 6 months the BTC value of the portfolio has dropped from just below 6000 to 3500.
Interesting movements indeed
Quietly sitting waiting while the company appear to be progressing well, the only thing not to like is being loaded up and having to wait for the market to move us North. I'm pretty sure that will come in due course and if the seller isn't out I'll add more on any dips whilst waiting
We've had a persistent seller here for a while, whilst the company has been righting the wrongs and working their way through a muddle of a mess. Regular decent smelts, showing good volume putting us in a range of roughly 17000oz per annum at current report figures. What we need now is an RNS stating those figures and not just tweets, that coupled with this persistent seller being done which if most of these same volume sells have been Mill End then I have them almost done here now. We can then start to see a correction in the SP with 13 months of high grade ore for the Mill, I believe once Mill Ends behind us which isn't far away now, it'll clear the path for investment to come in.
Just my opinion but I see some really promising shoots here at Gcat
Just reread my message and realise it reads like I'll be hiding behind the couch, I meant I'll be looking down the back of the couch for change to take advantage of any dips.
Btw if that has been Mill End bumping like that since the 18/04 then they'll be well on their way to being out by now
It's very possible SW something that I thought would happen as soon as I read the RNS was that there's a 100 million shares to be gradually dumped on the market holding us back temporarily. If I was Mill End I'd be offloading as well, maybe hang onto some buy why hold over £500k when you've already made in the region of £1.3mil out of the deal. Offload and close the deal out. Hopefully they bide their time with it and don't tank us because if they do I'll back behind the couch
Aprogerson. I'm hoping that Gcat has trimmed their cloth and been getting their act together financially since the whole debacle of the funds falling through, Mill End loan, Robbie's shares being borrowed out etc and now with this new high grade ore on the hill we can have an AISC somewhere in the region of $1250 and be selling somewhere in the region of 350 Oz's a week at $2k we can start paying off the CLNs. I live in hope, come good for us Robbie
Actual figure's here. Pretty misleading if they're trying to hold up the SP by ' accidentally ' quoting £ instead $ or failing to convert.
https://cointracking.info/portfolio/main_portfolio_include.php
https://cointracking.info/portfolio/main_portfolio_include.php
The Nav has bled out to £95m but more concerning for the short term is the bitcoin value of the Nav has drained from just shy of 6k to only just above 4k. If we are to have a repeat of previous cycles then Bitcoin will be the first mover before layer ones, two's into alt season.
Might be a good accumulation time, personally I'm sitting out for the short term. KR1 are one of the best in the business. Macroeconomics just aren't in their favour at this current moment but that will change and I'll be in for the gravy
Will I'm with HL when you get buy and sell quotes for GCAT the spreads much tighter. I'm not sure why they keep showing the huge spreads with GCAT. It does obviously mean that large % gains and large % drops show when in real terms that's not true. This morning showing as buy 0.45 sell 0.4 actual buy is 0.425 sell 0.4
MM games but I'm not sure as to what gain
It does I agree, my guess and it is only a guess is we might get a T1 because the duke is awful quiet , which may speak volumes. Mark if it's not you my apologies, if it is you then put it all in KOD :-)
I'm out temporarily, I'm nervous with what I'm seeing, bitcoin has gone from 19k-27k and most of the money has come from ALTs. If bitcoin retraces then ALTs could get wrecked as has happened in 2018 and 2020. Personally I think it's big early crypto money driving bitcoin in order to start the next bullrun because of the banking crisis same as the 1m bet on 1m bitcoin in 90 days. I'm still bullish longterm, just a little nervous with the near term movements. It's drawn the mcap and nav together at least but not in the way I had hoped or expected.
Bitcoin has made its first higher high since the previous bull run which does signal the end of the bear market, so I don't mean to sound all doom and gloom, just prepared for some near term volatility.
Hopefully the next alt season is just around the corner