Member Info for LBview

RNS follows what was mentioned a few days ago regarding the drilling season in Australia - Gold mining has been shut down from December to February - Opened up again March, now we have an RNS (interpret that one however you wish) with Gold mining full swing from now until it winds down in November and the best time to drill being April-May then I would expect RNS's to follow during this time and 3p and under is the lowest I have ever paid for this share even at this stage of the mining season - If you have no faith in 'coincident higher conductivity zone between the two holes looks compelling in the upper 200m depth (shallow level), as a priority target for drill testing.' then get out of it, If you are shut in because (like me also) you bought at 17p etc last year then one would hope this is the bottom and the gradual rise during the drilling season repeats its pattern of the last 2 years I have been in this share - gla

Quiet - it usually is during their summer as Gold mining in Australia shuts down Dec - Feb, opens up again March and by all accounts the best time to drill weather wise is their Autumn (April - May) and again Sept-Oct (their spring)

I have been invested in this share for over two years - historically this share starts to drop when drilling shuts down in Australia because it is their summer and too hot, Summer obviously in Australia is our Winter in the UK - Therefore, unless there is dire news, everything should be about to start again imminently

Agree, bought a handful this morning, GLA

This is the lowest price I have ever personally topped up at and only a few months until mining season gets underway in Australia - GLA

Maybe prudent to DYOR on why it is a good time to buy gold when a recession is looming - topped up and holding - GLA

Debt financing occurs when a company raises money by selling debt instruments to investors. Debt financing is the opposite of equity financing, which entails issuing stock to raise money.

Not an unreasonable assumption, drilling in Australia is approx. March to Dec?

I have been here for quite some time and never post, probably won't again
Bought more this morning (even though it is showing as a sell) having re-read the lengthy RNS dated 1st June
To quote RK:
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting.......

Good luck whatever your circumstances dictate