Member Info for mcsquares

As the Dollar weakens Gold will go through the roof. The Dollar's position as a safe currency is dwindling and following the latest batch of stimulus the debt burden underpinning the currency is a huge problem.

Physical assets and precious metals will shine (excuse the pun) as interest rates ultimately go negative

Would be a great time to release an RNS and remind investors of the opportunity

$2000 price target short term (end of year)
$2500 for end of 2022

Newcrest have been touted as a conviction buy in these (Credit Suisse)uncertain times. By proxy the Havieron reflects this confidence. With insider buying underpinning the opportunity and the biggest stimulus package that has ever been done, then the inflationary impact of the Tsunami of cash will devalue the Dollar and underpin precious metals and physical assets.

GGP will be taken out sooner rather than later but based already on the results that we know and the gushing conference calls of Newcrest then the breask of 4p will see this moved quickly to the recent high and then a push to double digits.

Newcrest have the cash and the target of a takeover is getting bigger.

Personally I would like to see a bigger resource proved up prior to a sale and a bigger payout for us

Good luck.

Price action over the past few days seems to be indicating that a near term bottom is in. The global growth and fiscal stimulus plans are now working into the economy. G7 have just pre-announced fiscal policy responses to the crisis. The US are on the cusp of a massive stimulus plan that will help people on the ground. This is all working into an economy that has been put on pause.

With all the inputs now known with the exception of "how long the corona virus shut down will last", this market is finding a level where the margin forced sellers are exhausted.

Take your pick will begin in earnest and AIM stocks that have been decimated will be target buys once traders have ridden the large and medium cap stocks back up. There will be plenty of money piling into stocks that have already placed and raised.

This goes back to .10 in rapid time

few people were actually isolating last week. They were running around taking advantage of "isolation" out hoarding food.

Now that the clamps have been put on I would be very interested to see the stats fo rthe next few weeks.

Dunno too many bars that use 7digital

and they forgot this is not an Aim stock with no liquidity

The last two posters with their "numerous" posts warning investors to get out quick :)

Good luck lads - pickings must be thin. Hope your book is squared soon or your short could be in trouble

This looks likes a short seller being squeezed as new money took advantage of the situation the shorter created.

If it is the case then my new short term target has moved to 60p from 50p

Insiders bought last week over this price and their confidence at that level should be a target

Price(s) Volume(s)
Purchase of shares £0.72 13,910
£0.630527 36,000

two of the insider buys

Mr NAtion - Is a 70% sell off not good enough to cover your short and go long. Companies wont need to raise cash through equity dilution (especially when insiders are buying ) when the Bank of England is about to step in and underpin, like the rest of the central banks, the corporate bond market.

maybe not UKOG but hopefully all the trolls who when the rebound comes end up stopped out very quickly

And there are the next batch of Director Buys

Just added more myself

last week we saw multiple director buys.

They know inside the company better than me.

With prices at these levels, I expect AIM sized returns on bigger companies. This morning was an indication of how sharp the rebound will be when it confirms.

Trade this for 10/20% if you want but I am looking at 100/150% just to det back to the director buys from last week. Wont be a great shock to see more directors buying going through

One of these bottoming days will mark a line in the sand - worst case now is priced in
Good luck

Took another batch at 28p

Thank you hit the bid dealers

Crazy times afford crazy prices if you have the patience

I think Investec sold down their stake.They had a 7% holding in the Investec UK Special Situations Fund

Wouldn't look good on the quarterly fact-sheet if the top holding was down 70%

I would say that selling finished this morning and a few others like myself read the play and got in.

I see this back at 50p on the slightest market rebound

Just took £15K worth @sub 24.

This is just silly now as retail passive ETF;s flog everything. I always said ETF and passive investing is great on the way up but on the way down retail panic and broad sell

Bounce

Curiosity led me to look for a bid on size. Happy to take it at 22.9

On that basis and in this market that looks very strong to me. I'll add rather than sell

GLA - First wider market bounce and this will be at 0.3 in a blink

equal placing cash. No value in the assets?

traders dumping everything opens up a great opportunity

People fear that the current crisis may morph into a Credit crisis.

Unlike 2008/2009, global banks (with the exception of a few US bank that have exposure to High yield credit in the oil patch) are very well capitalised. The UK announced a flood of liquidity for businesses this morning and dropped interest rates also. By the end of the week, I expect every central bank globally to turn on the spigots and announce liquidity, monetary and fiscal measures to ensure the cushion is sufficient to get through the pandemic.

At the current share price this is a steal

GLA and remember every investment carries risk

Basically people throwing in the towel on hope they can buy back cheaper

Until Vanadium gets a solid Bid the real catalyst wont kick in.

However giving out Beta to the overall market - any recovery in the broader market will drag us back up towards 20p

Panic and sell or sit tight and wait for the rise. Remember China is up and operating again

took the opportunity to benefit from other peoples margin call close outs.

Added £5.5K

3 year view looks good

Someone whacked the book as hard as they could to manufacture this afternoons drop.

This is a screaming trade at these levels. (Mind you I thought that at £2)

Cant see us getting a trade sub 1.45 in the morning but if we do, i'll take £10K worth

Takeover talk will get loud over the coming days