Member Info for MrEMC2

Still a lot of selling - probably back to 50p all too soon.

Three small trades totalling 2990 shares sends the price crashing to 50p. Will it be capitulation soon to single figures?

"I am actually shocked no director buys at this level which isn’t good in my mind especially the new guys."

Probably been furloughed as there is no work for them to do!

"Lol, c’mon, is that the best you’ve got?"

Many posters have been saying 6p day in day out for months.

I have been in GGP for over 2 years and I will be quite happy when we get to 6p.

No one is willing to pay 6p - even for one share.

Will there be massive selling when we reach 6p?

Thanks Paddy and value_seeker. Hope GGP pushes onto 6p and beyond very soon.

I looked at the image from 2nd March and there is a spot lit way over North West towards the camp that does not appear in the next image on 14th March. Don't think we have anything about that on a daylight image.

sparky333 keep positive by all means but I suspect that smaller energy suppliers need help from the Government:

https://www.expressandstar.com/news/uk-news/2020/04/09/energy-suppliers-split-over-asking-government-for-a-bailout/

"A spokesman for Energy UK, which represents dozens of energy suppliers, said: “On behalf of the industry, we will continue to work with the Government on options for how best to support the households and businesses who may be struggling to pay for essential services like their energy bills right now.”

Insiders also questioned if the energy sector would be front of the queue for a potential Government bailout as it is still collecting cash from customers, unlike many companies in the travel and hospitality sectors".

I know I said I would stick with YU but 52.50p - this is getting extremely uncomfortable and no funds to top up.

Spot Gold not doing too bad either $1692 as I write

Another 30k sold so all those 10k buys leading up to the results are being dumped. Someone is picking up the stock maybe for the directors. I am sooo regretting selling my PMO and TLW shares to buy YU.

Well at least we did not drop today.

The outlook for the UK ecomony is gloomy especially after listening to Radio 4 "Fallout, the Global Economy" - a panel of experts discussing the possible long-term impact of the coronavirus pandemic on the UK and global economies. I suspect that you can guess there was very little optimism expressed. Higher unemployment is unavoidable but can we avoid a recession?

https://www.bbc.co.uk/programmes/m000h1ms

My guess the share is ARS!

Topped up yesterday and every time I have topped up the price has dropped.

Final results for the year ended 31 December 2019

The two key points I take from results are:

"Financial impact from Covid-19, including available support from the Government, is evolving and is deemed to represent a material risk for the Group." but "Available cash at 31 March 2020 of £10.9m, with a further £6.1m in collateral deposits"

"The Board is currently comfortable, based on analysis to date and announcements by the Government to support businesses, that there is sufficient headroom (and levers, if required) in the Group's cash position without recourse to seeking additional equity to support the Group's capital base".

So we have not lost all our money yet but our fate here depends on how quickly the country can overcome the Covid-19 mayhem.

Shame I put my last penny on YU instead of LTW @ 13p - you win some you lose some!

Paddy thanks for the link to 'carrepenta' diagrams on pages 7 and 10 are very interesting.

Can't tell from the Satelite images but wonder whether the land to the South - where they have crossed the dune is a lot lower than where the main drilling has been taking place:

https://twitter.com/priminvestments/status/1242391011621580800/photo/1

If the incline was started from the South and a lower surface NCM could reduce the angle and distance to the 'cave'

Hi Lenz - they have already done it at Cadia mine

https://www.youtube.com/watch?v=IWHH25Qfq2E

Newcreast's Cave Mining Vision

https://www.youtube.com/watch?v=ePgCZ583Og4

Newcrest's continuous selective mining

https://www.youtube.com/watch?v=_oKNPWzRhEw

https://www.youtube.com/watch?v=_oKNPWzRhEw

Offer price slipping - bought too early this morning!