Typical MMs games...
This should move back towards 6-8p range for starters.
Gold rally just starting. Shorters, Fund managers, ETFs all buying Gold amid geo political tensions. Also US Dollar to go lower after good few years. IMO
At $1450 Gold price, Buritica could be worth well over $1 Billion to Cintinental Gold.
Depending on how big ANZA gold deposit turns out to be....curent price would be history.
Continental Gold, 20% owned by Newmont Goldcorp, says the mine is worth $850 million, assuming a gold prices of $1,200 an ounce.
I wonder how much would Anza be worth?
What a pleasant surprise over last 2 days. My holding still in Red, but I can see bit of Orange, before it turns Green....LoL
more positive days ahead. IMO
Gold already broken through $1420
Could move to $1465 in quick order.
not far now.
Fully funded for 4 drills. Lovely jubbly.
Appraisal wells with 75% cos or higher.
No other oil explorer in such a strong position financially and operationally
More punters to come in coming days imo
Ojay,
This sort of manipulation especially with delayed reporting option given to MMs has been in use for many years. Don't think it's going to change either.
MMs sneak in large trades upto 2 days late.
I'm just focused on drill action and the run up to Spud. Price won't stay this low for too long. Next week next might see an assault on 10p...
is on in my view. With further momentum it could get there in just few days, knowing how fast this moves.
Might even get to 12-15p pre Spud.
Expect further momentum as we get ever closer to Spudding the 75% cos Appraisal well, being extension of existing oil producing PetroChina well.
estimates from wider Heron zone are around 75mmbo. .
Heron-1 estimated at 25mmbo after being upgraded from 16mmbo.
I would expect overall oil estimates for Heron to be revised further upwards e.g. Heron-2 and Heron-3 etc.
Then you got:
Gazelle
Antelope
Red Deer
The Heron Prospect is the southerly extension of the proven oil-bearing structure drilled by the T19-46-3 discovery well in adjacent Block XIX. The latest mapping based on reprocessed 2D and newly accessed 3D seismic shows the majority of the structure, including the crest of the trap, lying in Block XX.
That will do nicely indeed.