Momentum carried SP too high in hindsight, now it looks oversold
More importantly drill results have been constantly good and were on our way down to the gold and copper
There are many fine dealers in the UK
Ive personally bought from Atkinsons, Chards, UKBullion, Hatton Garden Metals all without issue
HGM used to be the outstanding best a few years ago but sadly no longer after raising premiums
It used to be you could buy silver vat free from the EU from places like silver-to-go but Im not sure whats happened with that now post Brexit, I think thats no longer an option
Its a shame
This is the mistake I made
If you continue on in the video theres a slide for Red Chris that says "PFS expected to be released end of Sep 2021"
On the slide for Hav it says "PFS expected to be released second half of CY21"
So he probably misspoke and its more likely not this month, I wont have my hopes up anyway.
To stay in business what do you need to pay your debts?
"YPF’s downfall underscores just how hard the pandemic has hammered both the global oil industry and the perennially hobbled Argentine economy. Dollars are now so scarce in Buenos Aires that the central bank refused to let YPF buy the full amount it needed to pay notes coming due in March. That was the immediate cause of the restructuring announcement"
https://www.bloomberg.com/news/articles/2021-01-19/shale-driller-stuns-bondholders-as-argentina-runs-out-of-dollars
redleader, please dont tweet SD being rude
If you dont like DXY you can always look at the trade weighted dollar on the FRED website
https://fred.stlouisfed.org/series/DTWEXBGS - Broad, Goods and Services
https://fred.stlouisfed.org/series/DTWEXAFEGS - advanced foreign economies
https://fred.stlouisfed.org/series/DTWEXEMEGS - Emerging Markets
Ahh I see thanks guy
I think my problem was Sandeep speaks so well and gives off such an air of confidence you dont expect him to get these things wrong, but yes he contradicts himself later in the video so I guess it looks like it wont be September, shame
Zoros I looked through your post history but couldnt find, has something been officially said to contradict Sandeep saying this month? because he said Havieron, Red Chris and "studies" not study
I see the complete opposite, the dollar looks good, gold not so good and silver is looking bad
Sub $20 seems way more on the cards next than $30 silver
But who knows hey time will tell
I just found the video, Sandeep was talking about ore reserves and said after "key - its before any reserves from Red Chris or Havieron, we will have more to say on that when we release the outcomes of the pre-feasibility studies later this month (September)"
Didnt Sandeep say September recently? or did he say something like "Havieron and Red Chris will get a PFS later this month (september)" but was only talking about Red Chris?
Seems like issues in the belly of the beast of the financial/monetary world
The Evergrande situation is very interesting
The more issues the more bullish for gold long term
https://www.youtube.com/watch?v=PfdqsEi3ArE&ab_channel=EmilKalinowski
Jeff Snider is monetary savant, sometimes his articles are a bit of a slog to get through but his youtube show Eurodollar University with co-host Emil (works in researching mining and metals) is very enlightening, Emil does a fantastic job at dumbing things down
I know people will want to disagree just from the title but give it a chance
This is the best SP has looked in months technically, PFS due, updated MRE on the horizon and more drill results pending
Im feeling very positive
Speculation aside, a fact is people have been very clearly selling down this line which put lid on n any rise so far - https://imgur.com/vAPPNtN.jpg
Who and why, who knows
Here is the roadmap Zoros is kind enough to post and update regularly
2021. 65,000m growth drilling continues into 2022
Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis)
04/21. Juri JV. [NCM invests $3m until 2023. $17m between 2023 and 2026]
Initial share: NCM:25%. Stage1:NCM:51%. Stage2:NCM:75%(Optional)
14/05/21. Exploration decline to top of ore body commences. (420m deep / 2.6km long)
15/07/21. Mine officially open
09/21. Juri JV discovers gold @ Goliath / Outamind. 5 assays results pending
09/21. Additional significant grades identified between 1200m and 1450m.
Significant grades identified in N breccia. Potential to expand MMRE(inferred)
E breccia 600m extended strike length. 18 assay results pending
120m of decline completed
10/21. Los Diablos / Parlay / remaining Saddle reef assays due
Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones
28/10/21. NCM September quarterly results
Q4/21. Havieron PFS. (On completion, NCM will own 70% Hav JV)
11/11/21. MSCI quarterly Index Review (effective 01/12/21.
26/11/21. Firetower/Warrentinna mining rights expire
09/12/21. NCM Interim report
12/21. MRE(2)(Inferred) for extended SE Crescent and breccia / N. breccia zone
12/21. GDXJ quarterly rebalance
12/21. Option for NCM to take over management @ Juri JV
H2/21. Drilling programme commences – Rudall
27/01/22. NCM December quarterly results.
2022. 70,000 - 85,000m growth drilling programme planned @ Havieron.
2022. Drilling commences @ Ernest Giles.
09/02/22. MSCI quarterly index review(effective 01/03/22).
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q2/22. D.F.S. Decision to be made to Bulk Mine (as a JV) by NCM / GGP.
[NCM loan of $50m runs out on completion of DFS]
[Decision to mine will result in payment of 145m shares to Pacific Trends Resources].
08/07/22. Bromus mining rights expire.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. Exploration decline and ventilation shafts complete. (@ est rate of: 155m/month).
Q3/22. First pour? [Commemorative Ingots?].
Q3/22. Bulk Mine decline commences. [1200m deep / 8km long].
Q4/22. Sub Level Caving (SLC)(Stoping)) starts @ main ore body.
10/22. Byrnecut contract for first decline terminates.
10/11/22. MSCI quarterly index review (effective 01/12/22)
Q4/23. SLC full commercial production commences (est; 2-3 years from start of 1st decline)
(High grade, low output. (Possibly mixed with existing Telfer grades))
01/11/23. Panorama mining rights expire
Q1/25. NCM may acquire additional 5% interest
Q3/26. Block Cave Mine (BCM) construction begins (access and ventilation shafts)
2028. BCM production. (SLC and Bulk Mining, operating in tandem)
2042. S
There is a clear outline if you bother to look
From a chart pov the 5% drop is "ok" - https://imgur.com/S8FrtPR.jpg its just come down to test an area we recently broke out of
With the PFS due, an updated MRE approaching in December and all the positive drills + having already been in bargain basement territory I really thought there was no way this breakout wouldnt hold, which would limit any future downside quite a lot
We will have to see what happens next week, if this doesnt hold then I guess its back to visiting 15p and the upturn will just have to wait a while longer
The level of trolling is really low
rosso123 I think what youve said is very sound and sensible
But also SP went to 38p with a lot less information and progress than we have now
Momentum can carry things a long way, I wouldnt bet against a 100% rise over something like a four weeks period especially if SP is under 20p at the time it starts
Be very interesting to see where we are leading up to December after the PFS and how expectations of the updated MRE will move things