Member Info for magictrades

Colin "MR HAV : Each to their own but I'd like to see some profit before taking my place in god's waiting room, it's become a share to talk about and tell stories about what might be - it's been 8mths of talk. No sign of product OUT OF GROUND.
Again each to his own"

Are you trolling Colin? Surely you know the timescales for building a mine and getting into production?
Also assuming that you want to see gold production as one of the requirements for investing, why on Earth are you investing in an explorer? XD or any Junior company for that matter? You're in the wrong part of the mining value chain and should probably come back in two years time when there's a producing mine

Hey everyone. I'll be on ggphelptv tonight for the results release. I can answer questions and I'll talk a bit about the juri jv most likely as well in the lead up to the results. Looking forward to it. I'm going to try and read this Antipa presentation/release beforehand too as it's been creating some discussion. However, I can't promise to get around to that. Hoping that we get a bunch of drillhole data to analyse

Agreed. Everyone anticipating good results and why wouldn't they aha. All I care about in these results is that we have alot of data to mull over. I want to see the usual high grades and intercepts but a good volume of holes reported. Anything else is a bonus in my view. I'm particularly interested in anything drilled outside the main shell. Some core photo's would be nice for a change much like what we got in the Juri update by GGP. I didn't post on the day but I was happy with what I saw there and in particular Black Hills

From what i've read of the results, they are superb and demonstrate the quality of this small cap stock. Crazy to see a 20% sell off from last week's highs of 325p. Chart wise, it's made a double top and is now back at the previous breakout zone which was driven off the back of previous results and good market conditions. Unfortunately, evidenced by Barratt selling off on their news last week, its seems the property sector is performing poorly at present. I imagine its due to expectation that the market will return to normality next year.

However, I fail to see how that's a negative since that's (1) what we bloody want and (2) if it does, that will apply to virtually every other stock on the market meaning growth will be down across the board. Looking back historically, Belvoir has been strong in good and poor market times so i'm personally very happy to hold here and potentially add to my holding if the bloodbath continues. There are not many small cap companies with the growth record, profitability and debt management that Belvoir has.

It's a classic wyckoff spring to fill a large order by running stops beneath the low. I think the pullback from the £2 area may have been profit taking and then the short term downtrend fuelled by this order and some panic selling. So glad I held on to my shares and believe in the fundamentals here

To my surprise, following this post, the price strongly rebounded. To me that candle that has printed is a pretty bullish hammer candle and seems like the stops got run below 155p before "smart" money has bought in.

FortKnight glad you mentioned Mr Lynch since i've always thought this is the sort of stock that his book teaches to look for. Chaz I couldn't put it better myself. The only additional worry I have is the growth post covid contracts but that's not entirely something they can control. Only wish I had the bottle to top up when it went sub 155 today, that's my only regret aha

Great to see that there is now going to be progress at Scallywag. Paddy's satellites done the business again spotting activity there. If not for that, I thought it was going to be explored early next year what with all the other drill programs ongoing. I don't expect we'll hear back about Scallywag for a couple of month since it will take a while to process the assays and core. But it's yet another chance to find more Havieron style deposits and one we know we're in the right vicinity in thanks to the pathfinders

Quite a nasty SP drop from all time high's of 218p where it made a double top. The SP has also reached and temporarily broken the key support area at 155p today. Been continuous red all month yet I cannot find a fundamental reason why. The results presented were superb and there is a clear strategy of accruing undervalued small businesses in a build and grow model that's been proven. The company is near enough debt free and is posting superb growth figures for at least two years running now. I've given up a fair amount of gains this past month here but still in profit and starting to think this flash crash is providing another great entry point to average up. Any thoughts are welcome

Silly games clearly since it's been 19.4-19.6p pretty much all day

Been seeing a few more bullish takes on the gold market recently. For those who follow him or are members of VectorVest, Dr David Paul is excited about a "next wave" up in the gold market and thinks there is a prize in gold. I think his target is around 2300 usd/oz. Equally I noticed this technical analysis on the front page of tradingview today - https://www.tradingview.com/chart/GDX/9mjQEBX4-Gold-Miners-Have-Had-a-Golden-Cross/

If this plays out, lots of attention will turn back to gold miners who have had a tough time of it this year. This no doubt will bring new investors here given the potential of Havieron. This plus the inflationary concerns I think is painting a nice environment for gold miners including us to do very well in the near future, I'm certainly hoping it does anyway

I know there's a war between gold investors and btc investors. Personally I don't see an issue with holding either since both provide protection against inflation. However if you bought BTC at the highs of 60k+ then its been a pretty harsh lesson and no doubt the retail frenzy pushed it up way too much. I don't believe BTC or crypto is going away and is here to stay since the tech behind it has endless potential. No idea how high it can go and I know I might be in a minority here being more bullish on it but just feel its worth a small % of a portfolio

I really like this strategy of moving from target to target. Getting drill data across all the targets is key and from there the most promising ones can be taken forwards further

Just wanted to add a big well done to SD for the interview today. This is exactly the sort of communication I think we've been after and its great to hear that a digital marketing group has been appointed which shows that they are taking communication seriously. I think the Tasmanian assets being either offloaded or passed on to a JV is a good thing since it would provide extra funding without needing to go to the market for exploration. Interesting that the rig was witheld at Havieron and that it's hitting a good section of the orebody. I wonder if that is within the main oval or if its a target outside the main oval? Some great answers and shows my initial frustrations with the proactive event were short lived. Hopefully more like this to come

Perfectly put Dillion - I like everyone else is annoyed at how the whole thing was conducted but in terms of content like Spy says there isn't anything there that can trigger a negative response. So i'm gunna let the market do its thing and just carry on as normal aha

All frustrations at the Proactive event aside, I think we need to talk about this comment at 1:45:25 onwards. 8500 oz per vertical metre being found. That is F'ing huge. Some serious numbers there and i'm sure if you multiply that out by the dimensions of the deposit that exceeds 4.2Moz and i'm not even sure that includes the copper contained. I don't know if it's quite as simple as multiplying by depth (1300-1400m) since variations likely occur within the orebody but that calculation takes us over 10Moz. If correct, that's a company defining deposit

He further explains what we know about growing the deposit at depth and to the sides (eastern and northern breccias probably) but also mentions "even on the existing levels, we are continuing to strike additional mineralization and have the opportunity to bring that into the resource". I think there is a catalogue of evidence both here, from NCM and other RNS' that show this orebody is getting upgraded. That will render price estimates made by brokers outdated and will need revising. If the marketing/PR could improve, this really could attract a wealth of new investors in my view

There's some nice little bits in there but otherwise no groundbreaking news necessarily. The 8500 oz/m I'm currently on the hunt for because that, alongside the comments about the potential for another Havieron style deposit on our land is what excites me. I agree with Spy, no need to go mental and sell up shop. I think holding for a minimum of the PFS even if you are a short term investor is the goal here. LTH's will of course stay beyond that

Bazza couldn't really put it better myself. I must admit initially I was absolutely fuming at the whole thing. Mainly at Proactive for almost falsely advertising what the event was (as I thought like everyone else it was going to be live with a QnA after!) but also at GGP for such poor PR. But after these initial frustrations here is my take

To be honest his answers at the end were fine and the content about Havieron in the presentation is also fine. There's some good little bits, I believe somewhere around 2:05:00 Shaun states that there is the possibility of discovering another Havieron on our land. I think the exploration around the Juri JV and Havieron is exciting, I'm just desperate to hear and see more about what has been done. Additionally, it appears like Sept/Oct is confirmation of the PFS. Another big step for the company and will provide an abundance of new information. I think it will be for the 4.2Moz already announced and then later we'll get an update. The confidence in getting an upgrade to the MRE was also reinforced in the presentation since "every hole in the growth drilling is hitting meaningful mineralization". Both the PFS and MRE update should act as catalysts for us, notwithstanding any exploration updates elsewhere.

So overall, i'm fine with the content but just wish the PR and the execution was better. Honestly just give me the presenting job XD XD

TMT good additions there. Seems the majority of the rest of the replies are geared towards SD and spelling out his vision. Tonight could be quite an important interview then reading into this sentiment.

Probably the worst i've seen the BB today and probably not without good cause. I've been thinking about what could help the current situation and get us moving in an uptrend again. Here's a list i've come up with but obviously add your own into the mix. Trying to add some solutions and positivity in an amongst the doom and gloom:

1. A new presentation from Baxter - This is think is massively overdue and would be welcomed warmly. Perhaps due to conflict of interest with NCM is the reason this hasn't/can't happen. But if it can happen, imo it should
2. Sean Day to buy shares - director dealings are always a boost in confidence. However I understand this might not be possible due to the drilling campaign as it could be seen as insider trading
3. Sean Day and GGP to announce no reason for the "recent" SP drop - pretty self explanatory but not all companies do it
4. Institutional buyer confirmed - this again would reinforce the investment case but I understand that without the PFS published, they may be reluctant to invest yet
5. Excellent maiden drill results from Goliath and Outamind (Juri Jv area) - For me this is probably the best one since you are suggesting the possibility of another Havieron type deposit. I can't see how the market wouldn't get a bit excited about that
6. Takeover bid from Newcrest (or another miner) - This is very unlikely at this stage in my opinion and my investment into GGP isn't based on this eventuality. It's possible in the future but can't see that coming out the blue at the moment but anything is possible
7. New targets around Havieron confirmed - I still find this quite intriguing within the recent updates and any additional targets that could show mineralization is definitely a bonus
8. Gold price goes berserk - If gold starts making big moves, all gold miners will by default become attractive options to investors

This list is probably not complete so feel free to add your own. Whilst the present SP is less than ideal, the catalysts for reversing this change are many

Cheers
Magic

All I'm going to say about the SP currently is risk management. The issue here is nothing to do with the company fundamentals, but market sentiment and we have very little control over that. Gold has been a poor asset to date this year but with the macro economics surrounding inflation etc, it should have its day in the sun at some point. When is anyone's guess but its important to remember the newsflow here is exceptional till year end and beyond.

Everyone has different circumstances here but its important to not risk more than you can afford to lose. Some people might be loving these prices to top up, others may need to de-risk and take money off the table. Do what is best for you. The only thing that remains unchanged is the fundamentals of Havieron and the geology we have here. So for me personally i'm holding and will possibly add when/if we break back above 21p.