The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I would add IAMGOLD to that list. If this is another multi million oz deposit then IAMGOLD will buy Orr out either by way of a TO or a massive cash payment. The later might appeal to Orr as they could use the money to develop Cameroon.
ALL going to plan this Q should be a company maker
Steady progress is what we need. So as long as we have the bottom in at .30p then we can accumulated away
You have to accept there will be further dilution as well. So those spouting 2p really need to understand the impact all that paper has had on the SP potential. I think .50p is nailed on with good news. Beyond that it will be reliant on further company news and the continuation of high gold prices.
You have to take into account the number of raises that have increased the number of shares in circulation since 2017. GWMO has a bright future if the bod play their cards right but I'd be surprised to see 2p again. Let's get to .5p first and then we can start to think about 1p. The fear is another raise even though they have 2mil in the bank.
I'd guess most have seen the following video but it's timely for old and new investors. Basically outlines what we can expect over the next 6 months (from Nov 2020)
https://www.proactiveinvestors.co.uk/companies/news/215411/oriole-resources-readies-for-drilling-in-cameroon-215411.html
Yes because it's a pump and dump. Let's see if you are still here next week... Thought not
Jed, the way I see it ABC we're managing the account of UTIMCO and this came to an end on the 31st Dec. All ABC have done is release the shares to the beneficial owners. Unless we get someone come forward at the 11th hour I feel our days are numbered. 35p is still a decent profit for me but 45-50p would be the icing on the cake
Spoke too soon. Looking like it's game over now. Can't see a higher offer now. Shame
T630, we should find out tomorrow where the 19 % has gone. Would be nice if it has gone to Cleveland. We shall know soon enough
That's your choice Stewball. Surprised no one has commented on ABC selling out. Where has that 19% gone? Could be an interesting few days of RNS's coming out
We've been told several updates expected during Q1. It's the 4th of Jan and the first day back at work for most people. We should see the SP rise in anticipation of the news but I don't think we have the FOMO crowd here. If they play this right we should have a good year here
IFOXXX. What is there to be patented? They extract the gold from the rocks. Several ways to do it. Hopefully they use the most economical method. That's where AISC comes into play. The lower that is the better the margins. We're a way off being a "producer" but today was a step in the right direction
Gold5 why sell AAZ now? 2020 wasn't a great year for them in terms.of the war and production levels but hopefully both of those are behind us. If anything they could be entering 2021 with more opportunities with access to more of the CA's.
If gold remains strong this year I think we'll see new ATH's for AAZ during 2021
HNY all,
Good to see more activity on this board and whilst I don't agree with the GGP comparisons there is clearly an appetite for GWMO so that should reflect in a better year for the SP.
I predicted the SP seeing .30 in 2020 and that did come to fruition. Looking ahead at 2021 I see gold hitting new all time highs at some point, let's say $2500.
As for GWMO I can see .50 being hit but depending on the RNS news flow I'm not sure if it will maintain that SP. Still see this as a trading share until news dictates otherwise.
So in summary I think we double this year. GLA
You need to learn to read an RNS my friend. ABC's declared holding has reduced.