Member Info for jdt1990

That's not true Tymers, not sure what your GDXJ conspiracy theory is all about....

As is stands, GDXJ's MktCap weighted Dec allocation was 1.66%. With GDX AUM being at $5.3Bn as of COB yesterday and GGP's drop in SP, the value of their holding is actually only 1.33% of AUM. So they are under allocated as of this very moment.

Hi Dillon/Tymers,

That's not how the GDXJ works. They do not buy/sell during the quarter in a discretionary manner. That is what the quarterly rebalance is for.

The only buying/selling they do intra month is to either invest subscriptions into the fund or liquidate positions to fund redemptions as it is a fully invested fund. Those trades are done pro rata across all holdings in the portfolio to ensure it is even.

I agree with this :
"The odd thing about the remaining scally drills is they *shouldn’t* effect ggp too much.... I don’t think any ‘expectation’ is priced in on them (unlike when trading around 35p pre drop)."

However, the reaction from the first 3 holes will no doubt have rattled a few nerves and put a few on the back foot....potentially stalling any major buying despite the phenomenal fundamentals (and the fact HAV is worth way more than the current Mcap).

Sooner they're out in the open the better in my view, whichever way it goes. Removes the speculation either way and can move on....

FWIW I think we were just spoiled with the HAD001 results - when you look back, how could anyone expect that again from Scally (which is what happened)
"Selected HAD001 results: 121m at 2.93g/t gold and 0.23% copper from 497m,
including 11.5m at 21.23g/t gold and 0.67% copper from 568.5m,
including bonanza grade intervals 0.5m at 137.69g/t gold and 1.8% copper from 573m,
and 0.5m at 100.15g/t gold and 4.1% copper from 575.5m "

Bamps and GH did a good job of explaining how there was a lot of positives to take from Scally drills, which I fully agree with. Sadly, they expectation was bonanza gold grades not a pointer in the right direction which is what hapened

I think Scally could be part of the reason for low volume. Expectation of a similar 4 holes to the first 3 (N.B I don't believe a judgement can be made from 7 shallow holes and GH's BBR interview suggests plenty of positives to be taken.)
Might be plenty on the sideline expecting a drop as a result and better entry price.
Either way, they started drilling Scally in Aug 2020, 20th Jan first 3 hole results, why are the other 4 taking so long?

Welcome to the bb Sisu! I'm sure another satisfied customer come the end of March :)

In fairness - wasn't SISU's post backing AVCT and telling ShearClass to try harder?

Hi Corradus, no probs at all

1. "So we will know the allocations today" - Correct, I have a login to the MVIS indices site so can post the updated allocation on here once available.

2. "All trades related to the rebalance will be on one day, i.e. next Friday." - I think that's the question we can't answer, would love to know what dark arts goes on behind the scenes! I guess it also depends how much there is to buy/sell....

HAHAHAHAHAHAHAAH ShearClass....you absolute clown!!!

https://bidstats.uk/tenders/2021/W09/746193438
I quote from the 8Bn tender.
"A high-level overview of those criteria is also provided in this Contract Notice, at point II 2.4.14DHSC does not seek to procure Tests which are exclusively nasopharyngeal, oropharyngeal or exclusively both."

Excalibur is.....wait for it........nasopharyngeal
https://rapidantigentestkit.co.uk/the-test-kit/

Off you trot plonker

Hi Corradus. Although the index composition itself uses a weighted average market cap methodology to determite allocation, the market caps used are as of a fixed date, in this case 28th Feb. Those allocations are announced at some point today and traded 19th March.

A quick google answered that one....powerful tool old google

https://rapidantigentestkit.co.uk/

Well this is from the last safety review statement, so they must have had 80 on or before 26th Feb. That's 40 in a month but 28th Jan was first Romania patient so hopefully it gets quicker form here.

"The Committee noted there were no Serious Adverse Reactions in the first 40 patients who completed the trial (no serious safety events related to study treatment). The Committee unanimously agreed that the ARCADIA study could continue without any changes to the trial. The next Safety Review Committee meeting is due after 80 patients have completed the ARCADIA clinical trial."

"All standard PCR instruments can execute this test at a rate of c. 150-180 per hour, which (including the extraction phase) is approximately five times the rate for a nasopharyngeal test. One person is able to operate several instruments at the same time, which is very difficult with tests based on the existing swabbing methods. In addition, the instruments are able to be transported and set up in a mobile location. As a result, one operator can manage in excess of 1,000 tests per hour and can be deployed to where needed, such as the site of a school, sports event or on a cruise ship."

So 80,000 people at a sellout Twickenham game. You'd need 80 machines running full pelt to test everyone and even then it would take an hour. May have its place somewhere but its not rapid or POC

I agree it’s crazy the price were at post permit!

I just keep the below in mind, 120k ounces of gold in the south pit alone! Even with gold at $1700, a £32m mkt cap looks low.

Any mineable resource at the north or central pits at Homase or Akrokeri and this is a different ball game. When you add into that, growth will be funded by gold revenues...it’s about brainer.

As you say, I think there are a lot of people chasing crypto rainbows and gold isn’t hot right now. Solid company here, it’s time will come.

“In addition to the Homase South Pit, the Lease now accommodates the proposed Homase North and Homase Central pits as well as the expanded Homase South Pit, announced 12 November 2020, with the increased minable resource by 86,900 ounces of gold at depth, representing a 257% increase on the previous estimate of 33,800 ounces of gold, within the existing JORC resource. The Company is in the process of updating the Definitive Economic Plan ("DEP"), as announced 27 June 2019”

When you’re hitting 59 and 95g/t at depth no wonder they’re continuing to drill it like crazy.....not huge lengths but those grades!
Seems the deeper they go the better.

Another day closer to Merchant*anker and the O*X crew having to take it on the chin that O*X (funny it wont let me type those 3 letters....devils word) will be producing AVCTs test.
I see you....

I'm booked in for the Sir Al in a shumper portrait on my back

I think its also an attempt to unwind some of the reputational damage for LFT's caused by the crap*y Innova tests. Start some positivity around the whole LFT concept ready for the big guns to roll out 2nd generation tests.

https://www.gov.uk/government/publications/lateral-flow-device-specificity-in-phase-4-post-marketing-surveillance

Here you go cj, from the Nov update:
"The development of an Affimer-based lateral flow antigen test that can be manufactured at scale being carried out in partnership with BBI Solutions has made substantial progress. A highly scalable test device using readily available components and routine manufacturing processes has now been shown to have a sensitivity for coronavirus spike protein in laboratory samples better than 300 pg/ml which is in the range expected for spike protein in clinical samples."

At least POW have a stake in Haneti so if the drill results come back positive then I would expect POW to put a rocket up LC. The man is an utter joke but as many of us here say, its so hard to ignore the fundamentals!