Member Info for mattlilly

Its not reported as a sell...it just looks like a sell because of the closing price...

Its a late reported transaction...

So much for MIFID transparency....

PRETRADE!

It was also subject to a protrude waiver, probably because it was outside the market size...

At the time the offer was 26.8p so somebody was mighty keen....

Stock was bought in Canada on 5 October at 29.5 when the London price had been 27.15...

Strong finish!

Uncrossing Trade is 193,232 at 27.65...

lets see if there are after hours trades...

Between 11.00 and 16.25 there were 110 trades...83 of them Algos ....

By 2030, we anticipate over 20 million EV charging points will be deployed globally, consuming over 250% more copper than 2019.

https://www.woodmac.com/news/opinion/copper-powering-up-the-electric-vehicle/

https://www.cityam.com/on-a-charge-or-out-of-juice-can-ev-charging-infrastructure-keep-up-with-demand/

Both articles makes for utterly compelling reading ....

Grimbergen...the one major factor you're missing is the impact of COVID...

On technicians and engineers being able to travel to drilling locations

On Technical advisors being able to conduct the valuation/mineral resource analysis, etc...etc.

I know we're desperately waiting for information but I much prefer this underp[romising and overdelivering to the 'blunderbuss' approach before which created volatility (from which many of us gained) but which ultimately shredded credibility in management...

Now things are different and we look forward to a very busy RNS season leading up to the AGM...

Good.

Meanwhile, there's no way I would swap these for either...they might m multi, but I've had too many burnt fingers with sub penny shares...

But in the 'Precious Metals'section on here, 17 of 24 are down, unmoved or up less than SOLG...

Overall the sector is down 0.4% while Industrial Metals are up 3.53%...

My case rests...until we get sexy news here, this is still correlated to the gold price which is down 0.4% today...

And just like SOLG is pretty much exactly where it was a month ago...

Copper up 7% since 1st Oct...SOLG down 1%...

My case rests...

As you know, I remain convinced that for the time being the SP is strongly correlated with the Gold price.

Of course the final Alpala PFS could change all that and it can only be a matter of time before long term copper bulls take over driving this...

But in the meantime the bullish expectations for gold abound... here's just two...

"After reaching new all-time highs over a year ago, gold is bound to climb back to its peak soon, said Bloomberg Intelligence in its October price outlook.

"It's only been about a year since gold's last peak, and we believe it should be a relatively short matter of time to revisit," said Bloomberg Intelligence senior commodity strategist Mike McGlone. "Gold has outperformed most major commodities in the past 20 years."

https://www.kitco.com/news/2021-10-04/Gold-price-to-revisit-its-peak-soon-says-Bloomberg-Intelligence.html

"The Federal Reserve's potential plan to reduce its monthly bond purchase by the end of the year continues to weigh on the gold market as prices remain tethered to support around $1,750 an ounce. However, one investment firm continues to see gold prices pushing thousands of dollars higher in the long-term.

In a report published Tuesday, investment bank Jefferies Group said that gold and Bitcoin remain essential hedges as the threat of stagflation – an environment of low growth and higher inflation – continues to grow.

Although the market continues to struggle in the near-term, analysts at Jefferies said that their long-term forecast remains in place for gold prices to push to $5,500 an ounce.

"This has been derived by comparing the January 1980 peak gold price of US$850/oz with the increase in US nominal personal disposable income per capita since then. The gold price was then equivalent to 9.9% of US disposable income per capita which was $8,547. The gold price is now $1,757/oz or 3.2% of US disposable income per capita of $54,671," the analysts said. "Still, in the near-term gold will remain vulnerable to tapering concerns."

the firm remains bullish on gold as central banks discover that it is easier to embark on unorthodox monetary policies than it is to exit them.

"The long-term view here remains the same as it has been for many years. That is that G7 central banks, including most importantly the Federal Reserve, will not be able to exit from unconventional monetary policy in a benign manner and will ultimately remain committed to ongoing central bank balance-sheet expansion in one form or another. Such policies will increasingly discredit those central banks which have pursued unconventional monetary policy, threatening the stability and indeed integrity of the current fiat-paper-money system," the analysts said."

https://www.kitco.com/news/2021-10-05/Gold-price-headed-to-5-500-in-the-long-term-as-central-banks-won-t-be-able-to-exit-unorthodox-monetary-policies.html

Why so negative ssmith?

Are you out?

After 2.1/2 hours trading, total value is £50k....

Everybody still waiting....

CEO has to be this week...

But let's hope the wider market holds up long enough to reap our rich rewards...

Look its dead simple...

Nobody's buying or selling because were waiting for news...

The MMs are moving the price up or down to stimulate business...

If the take it down, either or both some people lose patience and sell or others think it's too good not to buy...

Waiting for GODOT as someone said...

Thanks a bunch DBW. I'm away golfing ATMO.

Guys..keep in mind the FTSE was down 81 points yesterday. We are not immune. Personally I think the SP has held up well considering the lack of news...

Waiting for the tsunami...

ATB...

Meanwhile, I don't know if any of you have read the latest "In Gold We Trust" report (some 346 pages).

Epic
I'm nearing the end...here are a couple of quotes:

"The significant decrease in exploration spending could be accounted for by senior producers doing less of their own drilling, outsourcing it to exploration vehicles, or waiting until a discovery is made and advanced through various studies (e.g., feasibility studies)...."

"Miners are primarily looking to buy gold through M&A to secure their future production."

"Encouraged by higher commodity prices, investors opened their wallets and started financing projects across the board. Funds are still primarily flowing into gold exploration and development, but in recent months companies in the copper, lithium, and uranium spaces were able to attract investment dollars and to make up for weaker interest in precious metals. Financial stimulus and promises of infrastructure spending in the US have spurred interest in those commodities. Year-end total dollar numbers can reach or get close to 2011 levels of over CAD 8bn. Looking ahead for the junior gold sector, it seems that mid-tier and major gold producers will be getting more active. For now, the focus will remain on projects in Tier 1 jurisdictions."

I'm just saying people on here are fed up with lack of news and broken promises...

I guess the majority are pinning a large part of their hopes to the PFS...

Me too...40,911 at 38.40...who'd have thought it?

NAV 46.86...unbelievable...

C'mon BBG

That would be a big one...

The PFS was first mooted in 2018..

BIG promise by Q3 and then EOY 2020

Alpala Project Committee established to throughly review the PFS

Promised for Q4...

If they broke that one it would be unforgivable...

They have shown signs of getting the message 'don't overpromise and underdeliver'

OK so some might say the CEO delay is one, but it was never an official 'promise'

If that one doesn't come good soon and the PFS was delayed until 2022 we might as well all go home...

After all, it's only Q's posts that have saved us from getting totally bored waiting...

Uncrossing Trade 169,288 at 27.15