Member Info for Kabaa

I wouldn't take too much notice about the gold price. Again, not because I'm burying my head in the sand but because of the latest reddit trading lot getting a tanning off the big traders.

Gamestop was a tiny little company with a massive short position.

The gold and silver markets are multi trillion dollar markets with even more than that in derivatives.

A bunch of robin hood kids were always going to get owned going up against that.

Lets not forget robin hood pretty much sell their orders and positions. We can all be quite sure many were using way too much margin buying into gold and silver, now they are getting heavily and purposefully stopped out by the bigger boys.

This will all cancel itself out in the next few days and id expect gold to go straight back to 1850 and continue it's uptrend slowly.

I said ggp would consolidate for a day or 2 before it pops. I'm sticking to that opinion and the more it hovers around this level, the bigger it will pop when it breaks 30p.

Haveiron is a tiny fraction of ncm. It is 99% of our portfolio.
Their market cap last time i checked was 30bn, ours 1bn
Its a completely different company and there is no correlation.

Yes it is an absurd article.

If Gervais wanted to raise £50m for this he'd get it done in 5 minutes. Goldman Sachs would be waiting for him at the front door.

As if one of the biggest gold finds in recent decades might run out of money!

Is this the same website that ran a similar article a few days ago by a woman who had clearly failed to do even the most basic research?

Where on Earth do they find these people and do they actually get paid to write this?

Such a nothing article.

Journalism these days really is dreadful.

Sorry I mean these asx stocks can often be unloved until coming onto the lse for a while.
Sorry for off topic.

Thanks for posting the interview Croire and yes, interesting what he says about copper. I see you're in CCZ also. A completely unloved stock at the moment considering the recent discovery but I think that will roar in the coming months. I've made money a few times when an asx stock dual lists on the lse.

I think a little more consolidation around 27-29p for a little while to let drips like Harry and Elise drop into Mr Big ii's bucket, then they'll need to take the price up Friday or Monday in a similar fashion to December 14th. That was the last time we had a similar silly down and up move.

Hopefully the interview gives us a boost but once it gets moving through 30-31p, I think it will be hard for the mm's to slow it down.

Then a test of the 40's could well be on the cards. It's got all the right reasons to go there soon in my opinion.

I'd rather have a hundred grand in this than have a hundred grand in physical gold right now and I'm sure many others feel the same.

Yes it's much easier to manipulate on low volume and especially after an rns. All of the market makers will have a system to automatically pull all orders after an rns. They will then manually trade it for a while.

So if 10 market makers pull liquidity, there are basically no bids (or very tiny bids)

They can then send the stock down on very small volume.

They also have ways of massively discouraging buyers by e.g. making every buy quote go to NT, yet letting everyone sell as much as they want.

I am quite sure this happened in the 10 mins where it dropped 30%.

This of course should be completely illegal but for some reason it goes on all of the time.

From a technical analysis perspective, the move from 34p down to 25p should be seen as a 'gap' to be filled on the chart and there should be very little resistance on them prices on the way up as there was never any support.

"We know ggp is not being shorted"

Sorry but ggp is shorted, perhaps not on a huge scale like gamestop but understand mm's can and do short stocks all of the time especially on aim.

The scally news traded very little volume in 5-10 minutes and dropped 30%. The mms can do this easily on a SEAQ platform and do it all the time.

That's why imo, it will fire straight back up into the mid 30s soon because the whole move was nonsense.

Who is going to sell this at 30p, 31p? Not many. People buying this are mainly value buyers who will hold for a much bigger profit so I'd expect a very fast up move soon...

The people who got scared and sold are mostly out now, the CEO has shown consistent confidence with money and on several public tweets so I expect demand will outstrip supply significanfly in the coming weeks...

I said this would soon retest and shoot through the recent heights of 38p. By the way this is going it could be done within a few trading sessions.

The nc update was phenomenal.

I think GH's recent tweets of

Ridiculous market reaction to scally.
Extremely oversold
Incoming ceo specialising in m&a

Is a strong indication to me this is going to go up faster than even I thought.

If this did get taken over by newcrest they would be paying well over the recent derisked 66p target for it imho.
Remember it's massively in nc's interest to get 100% of this due to it being close to telfer. I think we could all negotiate a chunk of a premium on that alone.

Gervais did the same in the sell off in the pandemic sub 3p.
Fair play to him. The majority of his wealth will be held in ggp shares so 110 grand is not small money to him.

He said the sell off to 28p was completely ridiculous.
Now he's buying with good money. What more can he do?
The sell off is completely ridiculous and won't last long imo.
Will finish up before the weekend imo.

"What is going on here?"

People that can't see further than their noses are getting scared and selling for 38% less than the price it was 3 weeks ago for very silly reasons.

My guess is at one point this week, this will be rallying it's nuts off as all of the weak hands who were going to sell anyway will have sold and demand will them outstrip supply as we clear the short term sellers and people focus on the actual news along with gold getting back on its uptrend.

I'm with you Mickey although just looking longer term.
If this drops 5 or 10% tomorrow, I certainly won't be wondering "what is going on?" And panicking.

I don't feel I'm buying my head in the sand either.

The people saying this is a punt or high risk have not done any research at all imo.

We are sitting on the thick end of 1,000 metric tonnes of gold that is highly economical even if gold halved in price.

This to me is far safer and solid than many of the stocks in the ftse 100. Plenty more upside too in my opinion...

I think we will be getting several rns updates in february at least.
Massive discovery here and many of the bigger players will be interested in progressing this in a big way. Copper is going to be huge in the next decade.

Forget about what happens tomorrow or the next day. Take a longer view and you'll more likely make money.

People sell for silly reasons like getting bored, scared or simply buying more than they can afford on margin. This does not mean the update was not absolutely excellent.

My guess is this has very little downside from here. Maybe 10% in a blip but the upside is severalfold from here and in my opinion an almost certainty if you can wait it out.

If you want a little plaything on the side, watch ccz over the next month. Overlooked and could go nuts in Feb and this year...

Aimho.

Of course we dropped for silly reasons all month, starting with scally. This is not uncommon on aim stocks.

The market makers almost always exaggerate any movement on any rns to the downside and upside. Sometimes people fall for it and buy or sell into these movements. This time many sold on scally and we dropped around 30%.

There is not one broker or institution out there that has valued scally at more than 1% of the value of haveiron. I'm happy to be corrected here but in any broker note, they simply value this as a tiny 'option' value.

The mm's drastically pull liquidity, set off sell stops and retail investors panic.

The latest newcrest results were the best in 2 years. We've actually found new targets outside haveiron. This should more than cancel out the scally news. But we were in a panicking market at the time with the gamestop news and hedge funds getting into trouble. People often hold back buying anything for a few days even on good news.

I've no doubt within a couple of weeks or a month, this will all cancel itself out, buyers will return, shorters will buy back and we will be potentially testing the new highs of 38p if not breaking straight above them.

History tells us when markets drop or rise for silly reasons, they soon return.

Same happened in the midst of the panic and ggp dropped violently, only to test new highs days later.

Imo, many big investors will be analysing these results, having meetings and deciding how many more ggp to allocate into their portfolios.

This has the real potential to be well over 20m oz with huge margins. No matter what some silly little journalists that haven't done any research on this say, this is not a punt and has almost zero chance of not getting mined up aggressively over the coming decades.

1bn market cap is absurdly cheap for that with gold generally being an attractive investment for the future this is a great place to have a portion of ones portfolio.

Aimho

Any link to the tw tip?

Any comment about it?

Im certainly not a subscriber but he often knows something and would be interested if any colour added to this.