Member Info for MontyMcgree

isnt it just a line showing where that particular drill went? and they start outside because you have to drill down at an angle through the cover (it being a flat 2d image that doesnt come across)

And lines are different depending if theyre new/awaiting assays etc

"Maxwell I’ve been hearing Shaun Day has had 50plus meeting with instos in the past 6 months …now on 2nd and 3rd meeting in some instances."

Youve been hearing from who?

Time will turn fantastic promise into undeniable reality as the major steps are completed and have to be priced in; next one being the MRE

If we didnt have the PFS I think SP might be more like 20% lower right now based on resistances we couldnt break out of prior

Personally I view short term SP as more just vanity, seeing a high green number in my ISA would be a nice pat on the back and an ego massager but I wouldnt be selling if the price was 25p, I dont need the reassurance im right i know im right to be invested here so it doesnt really matter

Probably 5-10% down tomorrow Ruprah, just how it is

Hydrogen youre missing the point, bonds are used as tools for balancing books and serve a very important role in that regard, the financial game is set up to need bonds whether theyre a good investment or not

I know inflation is a religion to some but if you have an open mind check out Jeff Sniders work who actually looks at economic data to construct an opinion

https://alhambrapartners.com/2021/10/25/what-seems-inflation-now-is-something-else-entirely/

Speedy, yes I know JP Morgan received a large fine for spoofing gold fairly recently and so have HSBC and Dutsche bank in the past

Some fines were for similar practises in the treasuries market and S&P and maybe some others - so to what extent its more common (if it is more common) in the precious metals markets im not sure

So yes it does happen, but I said " same as people believe gold is manipulated beyond belief yet still buy gold for some reason"

Manipulated beyond belief - ive been buying gold since 2014 and discussing it online since and there are many people in the PM community who believe precious metals are suppressed by evil central banker and governments, but theyre the same people that buy gold and tell everyone else to buy gold

Why get involved with it if you think its a totally rigged game is my point

I note youve said "Over time the manipulation does not really matter " then people dont need to complain about it constantly :p

But I will add it only since the mid 2000s and post financial crash that golds done well, if you held gold between 1980-2005 it would have been awful.. really really awful

Not to go off on another topic but there was clearly no inflation at all between 1980-2005 because gold loves inflation and

Spades

Talking about manipulation all the time is tiresome can we agree on that? its pointless, whether its happening or not us worrying about it wont change it

If there is some nefarious group of sellers they can only hold things so long so again, whats the point of worrying about it

Or if you believe they can hold us down forever maybe this isnt the share to be in, same as people believe gold is manipulated beyond belief yet still buy gold for some reason

The conspiracy theories around the SP are well overdone

If you like technical analysis you will know support/resistances develop, happens with everything so pointing out when prices reach a resistance level people sell.. yeah they do and yes it suppresses SP, thats not GGP specific

https://imgur.com/CdlnJTX.jpg there has been a very clear line of sellers suppressing SP until the PFS seems to have finally left it behind

"Money printing- out of control"

No, a lot of QE but its not currency its bank reserves

Theres not a lot of currency thats the problem, probably why "new money" crypto is so popular, its trying to fill a gap

It moved with the dollar

Usually these short sharp moves happen on something like a Fed meeting, not sure if there was any such event or news yesterday?

Only thing I can find with a quick search is a meeting between Biden and Xi, id assume moves were related to that

When thinking about gold please look at the correlation to 10 year inflation treasuries since 2008 - https://imgur.com/DFzLjJr.jpg (Ive flipped gold vertically to better show how in-sync they are)

^ I dont hear enough people talk about this, probably because it shows gold likes deflation not inflation

Thats because deflation is economic troubles, fear = safe assets, treasuries (why yields are low) and gold

For me its quite simple

1.Are the current rising prices related to currency: no

2.Are the current rising prices related to supply/demand/transport issues: yes,

3.Can supply/demand issues be improved: you would expect so over the next few months

Things might not be great in the meantime but I cant say im worried about this being sustained years of stagflattory or hyperinflation hell like some; Just a more mundane, miserable recession & deflation seems most likely as is par for the course since the financial crisis

Inflation is currency related

There wont be any currency inflation, look at recent personal finances in the US - https://imgur.com/vWWU8aZ.jpg im sure its the same anywhere

Supply and demand issues are not currency related so not "inflation" and should be able to be worked though so therefor transitory

Look at gas prices in 2006, 2008, recent highs of 14 and 18 and 21 arent even half of what those were - these spikes fall away because its a supply issue not a currency issue

It turns out you cant put the world in lockdown and and stop/start the global economy without issues, weird huh

But its not inflation and its not currency related.

People seem to have a tough time understanding or are just wilfully ignorant

They look at the figures given by Newcrest and say thats all there is so thats all GGP is worth; no its a start miner, tip of the golden iceberg etc theres likely multiples of the MRE like the PFS said lower cost higher production avenues to pursue where appropriate

I will admit I was thinking of selling at 8am, only 10% or so to buy back cheaper with the inevitable drop but I couldnt bring myself to do it, id rather miss out on a few potential extra shares than risk what I already have in case the sp turned back up quickly

what about the rest of the gold and copper champ? worthless?

People are trying to push that narrative that this PFS is all Hav is worth.. its like saying from the initial MRE from December meant thats all the gold there is

Its just a start and I think GGP calling it a "starter mine" in their release is very savvy

Saying id like to see SP almost triple from here is deramping? are you a troll or a weirdo

You would think around the updated MRE in December there will be a spike in SP - id like to see back above 30p before the end of the year but who knows

In the next several years I will be disappointed if SP doesnt reach 50-60p but unfortunately the threat of my disappointment doesn't guarantee results

SP tends to get carried away at both ends, never deserved to be as high .57 and probably oversold now

Better to save complaints or praise for stuff the board do have full control over

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