Member Info for kempey

oday figure,
# Trades 892
Vol. Sold 7,293,000
Sold Value £2m
Vol. Bought 11,760,642
Bought Value £3m
Total volume declared at 19,543,047 so 543,028 missing off the books. Only £119,466 worth . Presumably the MM's have them although I believe they try to balance the books each night.

Crazy year....what does you think the shareprice should be on $27.7m annual profit. It seems to me that the price is being held back by the overhang but I have difficulty putting a price on this share from the potential profit in one year. Once we know the actual size of reserve ( I believe they are still drilling as well as mining) perhaps we can be more accurate in our valuation. Happy to look at other calculations or share price estimates.

djr and Tiger....fair comment. It is an exceptional situation at Haveiron/Telfer. When do we next receive an update on progress from Rambler?

djr...I agree with most of what you say except 20 years from discovery to mining. Newcrest respect to process gold and copper ore at Haveiron/Telfer in Australia by late 22 early 2023 which is only 4 -5 years from discovery in 2017/8 to mining. There is no doubt RMM as a working mine is in an advantageous position given the increase in the price of gold and copper. It is only a matter of time now before we see a good solid rise or a TO at a much increased price to todays shareprice.

spy...'imagine if, in the rush for ground, NM put themselves back on the table. it does not make sense to go for surrounding land without finishing the first dig. Are we about to see another J/V rise up from the ashes.'
I think this is Shaun's plan. Newmont were clearly interested having looked at the drill results and when the price of gold was far less than today. I will not be surprised to see a JV with NM and on a larger asset. SD will want to build another big mining company and I'm sure in time he will. This is one of the best 5-10 year investments on AIM by far.

Plenty of examples here of those who bought at less than 2p and sold before 5p. Yes 100% up but even at 20p now a lot more than 100%. I doubt many bought at less than 2p and sold at 37p. This is a Tier 1 asset and patience will reward the LTH. No share goes up in a straight line and as the company develops it is bound to ebb and flow. It is now a slow burner as drillingand mine creation continues and takes time. The end result I firmly believe will be well above 37p. Having said that I believe the company could well be bought out by either NC or company as yet unknown. Someone is continually buying and it is in their interest to buy as low as possible. Those PIs holding shares at the end could well enjoy a bonanza offer!

20p?

2 million shares missing off the books if volume, V shares sold and bought are correct.

What time were the buys this morning?

Once the banks and II's have taken up 95 - 98% of the shares they will let this go. They will see it as a long term investment which will keep giving great returns over 10 years plus. Its the PI's who will let their shares go cheaply. Most of the shares initially were held by PI's until the potential started to be seen and the II's stepped in. Not sure about easily buying 1m shares. Easy to place the order but getting them is another thing. GDXJ's 6m order took all day to fill if not longer.

HAV is 'potentially' the largest find in the last 10 years is better. Its all abstract calculation anyway just like you can't say that Solgold has 21.7 m oz. Until its mined to completion its simply a calculated guess,as will be HAV. We take our decisions based on data and fundamentals put in front of us and for my money HAV is the better investment and will give a return on my investment far quicker than Solgold.

Jdt...thanks. I was quoting without my notes in front of me.

I should have added, there is no bad news here ( Even Scally was not bad news to me)
The last report was astonishing with every drill hole hitting decent mineralisation. Havieron is still open at depth and outside the asset but within Greatlands tenement. This has all the hallmarks of a major world class find and Greatlands shareprice will move up accordingly. Some of the forecast's by the ' calculators ' on this board may not be so extreme when you start to analyse their base data.

JACAL101
Agree totally as a LTH. Pi's tend to be either short term get rich quick types or LTH who are looking to build pension stakes or provision for their families , children and grandchildren. The former you can recognise on here so easily, wanting quick movements in the shareprice and disappointed when it doesn't happen. The latter are not so bothered about short term movements in what is a now de-risked investment. The II's are using pension money, life insurance money etc so take a longer term view. This share will reward all LTH'S handsomely over the next few years if you can wait that long. After so many years of trading and investing it is so obvious to me that money flows from impatient to patient. Most AIM traders lose on the short term strategy. Good luck on your investment not that you will need luck with Greatland.

Sorry JACAL101 not Jackel!!

Jackal...not Naive. There are many reasons why PI's sell their holding. Stop losses,happy to take 10-20% etc. Many bought in at 1-10p so well in profit. Also during these difficult times many need the money despite the potential. I'm sure its PI's as its taking a while for the MM's to buy the number of shares to fill the large orders from the GDXJ funds. If nobody sold tomorrow the price would have to rise significantly.

Dillon..its the GDXJ fund rebalancing. They need to buy something like 60m shares to rebalanced their holding. They can't do it in one hit so will slowly build x amount a day as PI's sell over the next 2 weeks. We should see a rise over the next few days but with the MM's daily strategy to keep the price within a range ( for their buyers) it may not happen!!

All of £4.50!! Have a good weekend all. Fingers crossed for a steady rise next week!

"unless you can actually touch it you don't own it".

Not wanting to answer for Speedy but can't you say the same about your money in the bank.. You can't touch it but you own it and can spend it via the plastic card. Presumably you get a certificate of ownership!

Its an interesting point when it comes to shares as you own them but MM's can loan them out if you don't set a stop loss. Can they do the same with gold bullion, not that i'm sure what the end game would be?

That's the range and its a moveable feast as to what they keep announcing so anywhere in between the two. I'm hoping for the higher amount or near to.