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Imo most brokers just pass all their stops and limit orders to the mkt makers. They neither have the time or the skills to manage, and definitely not for about £5 a trade. So the mkt makers have all the knowledge about PI order flow, so it should be no surprise when you get stopped out at the low and the price rebounds. Far too much knowledge and temptation.
I never leave resting orders unless I am away from my phone and a good signal, which is hardly ever. If I do they are to buy dips and sell rallies, not to be stopped out.
Mrprt. Why do you read them?
Stop losses are an excellent way for the mkt makers to rip your face off imo. If you use them be prepared to be stopped out at the recent low.
Eloro, maybe NM was the right person for that time. Exploring, promoting and teasing shareholders. But I really don’t think he could do the work required atm.
Of course the market was different a few years ago. Since then miners and particularly explorers have been trashed. But there is definitely the start of an uptick in interest and it’s quite possible that “the market” will take this back to say 20p before the fun starts. Let’s hope so.
Morning Speedy. I listen to Maguire every week and he never fails to annoy me! Occasionally he has a great piece of information, hence why I bother. But I really question his style of presentation. Does he talk like that to fill the hour, or is it because he is bonkers, or is it because he is trying to make it unintelligible for the ordinary person. Being an ex financial and commodity trader, I would expect to understand him more than others, so I feel for non industry experts.
If he really wanted to get the word out to the “man on the Clapham omnibus” you would think he would just talk in plain English? That he doesn’t makes me think he is a bit thick or is trying to hide a lot of what he says. I am going to assume it’s the latter, but don’t know why.
Would love 30mins in his company. But no more than that!
Eloro, good morning. I would like to underscore what Add has said on the subject of the CEO. NM is a geologist and an explorer, he most certainly isn’t Ceo material. He has no eye for detail nor all the work needed to take an explorer to a position where the company adds any value and is saleable. Having spent 30 mins with NM and Moller, albeit some years ago, it told me that I could neither trust the bloke nor believe in his vision. I thought him a p&d merchant. I should have sold up then, but greed got the better of me.
I think most can agree that DC was a complete and utter disaster, and galling to think we had to pay him £2m just to be shot.
SC inherited an appalling situation, where we had no money, couldn’t raise any, but had to advance projects to the point where someone might actually want to own all or part. He is ticking off the boxes as fast as he can but getting permits isn’t a five minute job. The team pulling the strings now is completely aligned with most shareholders (barring Quady) and is engaging with our major partners and potential buyers, not upsetting them as NM used to.
The sp fall on SC watch is partly because no one knew how bad the situation was, partly cos we had no money and partly cos the overall mining sector has been dire and junior explorers were worse than dire.
With the metal in the ground having a surface value of about $150billion, I would expect there to be a higher level of interest now that potential buyers are no longer in the most hated sector and will start to have a currency that can make investments.
Is SC the best ceo around? Absolutely not. Is he getting things done to make us saleable/investable in a way that NM could never do? Absolutely.
I added significantly to my holding in the mid 6s when I watched the SC interview. I think I can trust him a lot more than NM and am relatively happy to watch it all unfold.
Ace, I listened to Roger Mason. Firstly he was reading from a script which I never think is great. Secondly imo he has been trying to big up Antipa for a while now and probably would sell the company if he could. Getting a bit desperate methinks.
He certainly wont be driving the bus when it comes to consolidation in the region.
I expect that this is tax loss selling by a few PIs. Hence I bought yesterday and this morning, and I expect to be buying tomorrow and Friday too.
If Solgold announced an agreed takeover tomorrow, most on here would miss as they are too busy name calling in the playground. Yawn…
Bamps there is no way that the aisc will be $2500 of any currency. If it was in a past period then that was an anomaly. If Ggp get Telfer, expect them to mine selectively the much higher grades with lower corresponding aisc and higher profits.
The past under Newcrest will bear no relation to the future under any new ownership. Different philosophy and different mine plan.
That’s why I am guessing 250,000 ozs not 350,000 ozs but a much lower aisc helped by some significant cost savings from Jimmy the toecutter……
Hi Speedie, a more bullish view than Tex would be to assume that GGP have 100% of Hav and Telfer. About 250,000 ozs pa for each mine, gives an extra US$50m. Per annum!!
Agree Redirons. He ain’t selling and nor is he going to get a mouth watering offer.
Directors dont have the same flexibility to buy and sell that others do. I am sure all the bod thought anything over 30p was just plain crazy in late 20/early 21. Of course one director quit and dumped his stock as soon as he could. The other one saw the long game.
Well said SaS. Callum is a top bloke with masses of integrity. He certainly doesnt need to justify or explain anything to people on this board. That he bothers to speak with Liam says plenty.
Freddie on the other hand is mentally unstable and I filtered him many years ago.
Jezzoo. Best post on this board in ages. Totally agree with you, as am in the same boat.
Add, if the West did flog the Russian assets it would be wonderful for gold. All countries with forex holdings would then dump the Western currencies and other financial assets and buy gold and ship it home (or to Switzerland). The dollar would obviously collapse in that scenario. Not sure that would work in the US favour.
Has the little red ramper had a margin call? He sounds a tad desperate.
Dip, I thought Shaun had said that any ASX listing would come after any deal, not before. Too problematic to do it to fund any deal, as NM will want certainty not something subject to any fund raising. Hopefully UK instos can take up any equity and leave plenty of pent up Aus demand for a compliance listing should it be desired.
Drover, I think there are many many options as to how this might go. The one I like atm is NM taking a stake in GGP as (part) payment for the assets. Then if the price is deemed low at least NM can share in the future upside, including the gold price.
For NM its quite neat. Zero management time, but exposure to something that could be significant.
Of course it doesnt solve their $2b problem!
Bamps, the Telfer aisc will fall due to mine optimisation and reduction in costs. I dont know whether it will fall to 1500, but it will definitely fall. There is a lot of fat at Telfer.