Member Info for lootgaloot

Clearly they realise they have their hands full with Big One/Arya/Zambia. Didn't SP or GH describe 'Big One' as like having a 'tiger by the tail'.?

Exceeds my wildest expectations. It just gets better and better as you read down the report. And they're not hanging about; going straight to Geophys once the wet season is over .

I remember them saying similar about boo.com back in 1999. The more things change the more they stay the same.

I'm surprised no one has commented on today's news that NEX have suspended all national coach services...

https://www.bbc.co.uk/news/business-55576567

Market reaction? Share price goes up. On a long term view, I'm a fan of both NEX and SGC but c'mon there is no way the current share prices reflect today's business environment. People will say that the market is forward looking and values where SGC will be in 6 months time with full vaccine rollout. I'd say this discounts a lot of the risks regarding full take up of vaccine, logistics of vaccination, resistant strains of virus, slow return to public transport; not to mention the ongoing financial strain of this second lockdown.

All of these risks are known but what worries me is that the market has completely ignored them. Look at Mitchell & Butler today. That trading update should have knocked at least 20% off the share price but the market hardly flinched. I wont even start on bitcoin, tesla etc. We are in serious bubble territory; time to get into cash.

This truly is clown world. I remember the dotcom boom but I still consider the current market to be the most irrational I've ever experienced. We are due the mother of all corrections.

I believe so. I just ignore the market maker conspiracy theories and focus on the company fundamentals.

Just be careful not to believe everything you hear on these boards.

Other means of communication include the telephone, email, smoke signals etc.

"Since June 2019, the Allied Minds Board of Directors (the "Board") evolved and by March 2020 the current Board was in place. Since that time, the Board has performed an assessment of the portfolio and continues to critically monitor the progress and development of each of the companies in the portfolio."

The above sounds to me like it is Crystal Amber that are pushing for the delisting and not the BOD.

I started buying bitcoin in small monthly instalments earlier this year. My intention was to build up a position over the longer term. Unfortunately it has gone through the roof in a very short time. Too expensive for me now so I've cancelled my monthly purchases and as a result only hold a small quantity. As you say, it is difficult to know what is a fair value.

It has many of the characteristics of gold; easily tradable, a store of wealth, an alternative to fiat currency. Also some advantages to gold in that the market is not so easily rigged. But many of its attractive qualities are now looking suspect as the price goes higher. Is it really a safe haven from fiat at this price? Can an investment with such volatility really be seen as a store of wealth?

As far as I am concerned, bitcoin is here to stay - no doubt. However I'll stick with the yellow metal in these uncertain times. 5000 years track record as a store of wealth is difficult to argue against.

Bitcoin is taking a bit of a hammering today. I've long suspected that the rise of Bitcoin has held precious metals back. If Bitcoin is a speculative bubble (which I'm sure it is) then a crash is inevitable at some stage. I anticipate a rush for precious metals when that happens. I also notice that Silver has been getting a lot of good press recently.

I'm surprised how the share price has reacted to this RNS. What will it be like when we actually get news? I guess the market has picked up on management comment that 2021 will be a 'transformational year'. I'm not complaining; 2.5p is my breakeven price - almost there.

https://wcsecure.weblink.com.au/pdf/CCZ/02327877.pdf

Should get RNS before market opens.

Nothing new; just says results shortly...

Board is targeting to release complete drill logs and relevant observations for all 20 drill-holes – in two to three batches – shortly.

Thanks Smirk, hopefully 2021 will be a good year for all CCZ holders. Full 28 hole drilling campaign at Big One should complete this week (possibly Monday) and I’d expect to hear more than just the assay results. Like; what this tells us about the geology, how they intend to reorient drill angles for optimisation and ultimately an indication of commercial potential. I’m also interested in gold and silver assay results. A big week coming up, let’s hope it’s good news.

This, and other websites, have no relationship with market makers; they simply receive raw data (bid, ask, execution price) from agencies like Reuters. There is no indication in the raw data whether a trade was a buy or sell because market makers are under no obligation to release that information.

Some trades appear red/sell and some appear blue/buy simply because of how this website is programmed to present the data. When a trade is executed the price is compared to the mid-price between bid and ask. If the trade is executed below the mid-price, it is assumed to be a sell and displayed in red text. A trade displayed in blue text was executed above the mid-price.

The truth is a little dull compared to the intrigue of a good conspiracy theory. Of course you are free to carry on believing that the world is full of shadowy figures who are out to get you. It’s very fashionable these days.

I've had no problem buying £3K with Halifax just now but I did have to pay full ask price.

Looking more short term; CCZ warned that delays are possible if the raining season began before drilling at 'Big One' is complete. This season is expected to be particularly bad due to El Nino effect and having to wait out the raining season with only partial assay results would likely drag on share price for several months. By the looks of it, we may be lucky as nothing but blue skys are forecast for the next couple of weeks...

https://www.worldweatheronline.com/mount-oxide-weather/queensland/au.aspx

Opened 10% down this morning. I suspect assay results leaked and they are not good.

Thanks for posting JammyC. It's the best explanation I've seen as to why this share seems to divide opinion so much. I can see both sides of the argument and I think it's inevitable that some posters like acearp will have concerns. Ultimately, the accounting standards used are unconventional albeit perfectly legal and, as far as I know, none of the detractors have suggested a better alternative that fully reflects 'fair value'.

Let's face it; the 28% was an outlier. The 4% was on a 1 meter intercept with no mention of the mineralisation for the wider intercept; so it may not be too unkind to say that data point was 'cherry picked' to add some gloss to some otherwise underwhelming results.

aprogerson is probably not too far off (erring on the cautious side) when he said 0.5%. I'm not going to kid myself, the results so far have been less than the initial data. If there was something to be excited about it would be reflected in the market price. Right now, I think the market has got it just about right; no need to panic sell but also no need to pretend these are as good as expected.

I found the SI Capital report very light on analysis; the jury is still out for me.