Member Info for Kent_Man

I’d stay in bed mate, gold price still largely churning sideways so no impact on our SP yet.

I suspect the threat of no rate cut now in December has caused this sell off in the market which has unfortunately unsettled the gold price.

Bitcoin being absolutely hammered as well.

As I said about 10 days ago - B wave bounce was likely here aka a bull trap.

We need gold to go to around $3,600ish to properly cleanse weak hands out and reset sentiment for the next explosive leg up.

Don’t fear this, embrace it. If you’re a LTH this is perfectly healthy and natural correction - much needed.

If you’re a trader then you’re not very good and you’re in the wrong stock for that.

Knowing this market, I tend to agree with Charles Archer in that the Hav DFS is more than likely already priced in.

I think our first year financials, Telfer extension plans and WDU will have a bigger effect of the SP early next year.

When he posted it was 5%, creeped down a bit into close. 3.69% still fantastic however.

First coffee going down the hatch now, I’ll be fine after this 😉

You just know it won’t here though!

Nice result for the Aussies though.

Hi speedy, I was under the impression VAT reinstatement was only on jewellery, bullion was still received the discount?

AI isn’t a Ponzi scheme, it’s already delivering real value. Companies in healthcare, finance, logistics, and manufacturing are saving billions with AI-driven automation and insights. This isn’t like the dotcom bubble where profits were imaginary, Nvidia, Microsoft, and others are posting record revenues directly from real demand.

AI isn’t just faster computing; it’s systems that learn, predict, and optimise from discovering new drugs to improving aerodynamics. Yes, it uses more energy currently and can be biased, but both problems are improving fast with better models and efficiency gains.

And no, AI can’t crack modern encryption, it’s more likely to protect your bank account than steal from it. The AI boom will prob cool off, but it’s built on real technology, real profits, and real world impact, not hype.

All I would say to that is, how does Charles know Shaun isn’t already in advanced talks for a JV etc on O’Callaghan’s?

Shaun is very forward thinking and a strategist, I would be very surprised if this play is not already happening or in the planning stages.

I’m not attacking Charles, I like him as he’s pro GGP just like we all should be here.

Nope I’m a long term holder and very pro GGP. I’m just merely stating what could happen on the charts.

The way people have gone on about the gold price the last few days on here, people need to try and understand the price action.

This correction is perfectly normal & healthy but needs to go a bit longer and deeper to reset sentiment to build momentum for the next leg up. Just want people to manage their expectations, we’ve had an amazing ride last few months.

B-wave bounce. Further correction more than likely to occur in coming days/weeks imo.

Thank you ChatGPT.

Yes the gold price could now be at the beginning of the B wave bounce before a deeper correction. Don’t get caught out if you’re in for the short term and wish to take profit off the table.

I myself am here for at least the next 3 years so these fluctuations make not a bit of difference to me.

I just checked and the USA are still 38T in debt with a dumb president running the show. The eventual collapse with be one for the history books and then gold will truly shine.

Look at the price of gold ffs

Goingtomoonufo we have bank loan facilities if required. I don’t think this share is for you, you sound very nervous. Perhaps it’s best you sell and move into something less risky away from commodities. Or try engaging your brain and read & understand price actions and their waveforms during buying and selling periods. It’ll help calm your mind.

Wish everyone would just calm down. We’re a gold producer now and thus our SP is largely correlated to the gold price, which currently is in the midst of a large mid cycle correction after a stratospheric increase.

It’s nothing to be frightened of, it’s perfectly normal and much needed.

Now, we may see the B-wave bounce in the coming days/weeks before it continues to correct till around $3,600 where it needs to stay for a long time to build up sentiment and strong hands for the next leg up to new all time highs. By my charts that’ll be around 6-12 months from now.

Unless you’re day trading this just chill out, the fundamentals haven’t changed, the world is still in unsustainable debt and gold is long term bullish.

Gold will go to $3,500 then probably back to $3,700ish for a long (4-6 month) correction phase. Then we should see new all time highs by mid next year

I’m starting to think even the have DFS won’t turn this around.

CPI data release day is rarely kind to metals and miners unfortunately