Member Info for MontyMcgree

It's fine, look what happened in March it dropped 50%, just made an excellent buying opportunity

Fundamentals are still there, gold is going to go on the up up and up

Yeah everything is down today, as long as no fundamentals change then it's just waves hitting our ship that's still headed for a beautiful destination

Fundamental change would be an ice berg :p

Just based on the trend of the price since April and the gains from roughly high point to high point with each drill result

https://imgur.com/a/WIFYBOw

Feb - 62%
April - 36%
June - 18%

9 or 10% up is about the best we can hope on the next drill results, around 16.50, maybe spiking up to 17p for a short window

However this is just looking at the chart and not taking into account any real world news/changes that could drastically change things

Isa+ggp is a beautiful combo

Yes if believe in the fundamentals nothing has changed there, who cares what the SP is in the short term.

People talk about trading and them not getting the same profit as long term investors, I'm not a trader myself so maybe I wont do a good job explaining but this is how I see it

The good thing about trading is you can use much larger sums because you know you're only going to leave it in there for days/weeks and you can set a stop loss to mitigate your risk

GGP has been fairly consistent to time the rises by drill results

If you put £50,000 in a few days ago and sell now you make 20% ish that's £10,000

If you're long term investing it would be prudent to spread out the money more and diversify so maybe you would only put £10k in GGP and be £2000 up now

So with your 10k Investment you now needs SP 26p to make what investing you just made in trading (if my maths is right)

When will we see 26p? when trader you throws in another £50,000 just before the next drill results investment you will still be trying to catch up to their profit

I know this is moot for some of you because you're already nearly 100% all in on GGP anyway but you get the point I'm trying to make

I can totally understand the trading mindset and I can't knock them for it, both investing/trading come with their own benefits and risks

I will be happy with 15.5-16 but I hope you're right :D

gold silver and bitcoin all having a very strong day, was it the the announcement of EU stimulus? whatever it gold rising around the time of a massive find is nice timing.. roll on tomorrow night

12 for an extended time is the opposite of negative It's proven to be a robust support level

Thanks guys, especially @PaddyGall

I'd like to learn and invest in more miners in future but I feel like I need a much better understanding of the industry first

@WelshFalcon that's a great point about Newcrest, I didn't think about the price of gold at time and the margins

Just a general question someone might know

I've read Newcrest and Ming Gold both explored Havieron but clearly they missed what Greatland found, why is that? just unlucky with where they drilled? or are there new technologies/methods now for targeting the right areas, thanks