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Nice, positive find that PQ. Where did you get wind of it out of interest?
However, if anyone has a flag bearing the legend 'Death to all Shorters', I'd be happy to march down the High St. with it.
To be fair pottersfield, I do not believe that 5eightsaccount was advocating war but that the uneasy situation in Ukraine was re-directing interest into gold .
I thought you had just stuttered Panama like, " Hhow much did you say you were going to offer for the 55% Ssandeep? $55500 million!! Ffantastic!"
I'm shaking just typing out the answer. 84 lovely pence. :)
I seem to recall, a couple of years ago, a few 'ball park' figures being discussed on how to value Havieron as it was being proved up. A rough, very rough, rule of thumb was 5p per million oz. I can't remember the logic now but all I would say is, wouldn't that be nice?? Plus, 5p per million ounces x twenty gives an sp even I can work out. :)
Furthermore, that rough rule of thumb doesn't take into account the extremely low AISC we will be enjoying. Yummy!
Hydrogen’s post has been removed again so only one to do let’s all repost
hydrogen Premium Member
Posts: 9,286
Price: 15.80
No Opinion
RE: moving on upToday 13:31
Morley this is how I see it:
The JPM 18m short at 16.5p (averaged sell price was 15.10p) Whether a fund of HNW we don't know. Let's just leave that parked.
The rest are IMO in a we bit of trouble... They just cannot for whatever reason, let it go over 16p. Our analysis ( and yes there are quite a few of us working on this together, for the benefit of all holders) is that the 16p point is the current battleground. Maybe there will be a margin call somewhere just above that..? or real risk of a momentum break out?
MFU - Having decreased from a peak of 53m , on 17th Jan, down to about 38m last week... They have now increased slightly this week, by circa 4m over 3 consecutive days.... But, meanwhile the SP has risen quite nicely.
Today stands at 43.6m .. That's quite a lot to buy back. And I think the reduction from 53m has in part been part of the average SP rise on from 24th January ... we've now seen a double bottom in the chart at 12.9p. And sentiment has turned, or is turning , more positive towards GGP and the gold sector
In my humble opinion, as I say, as outlined in detail a few weeks ago, IMO they still have a bear trapped short much lower around 12-13p and are on a knife edge about what to do... The mini crash on the 24th may have helped them off the hook slightly, as there was a big drop in shorts after this.
BUT If this continues to rise. They will feel even more heat. And IMO they are are trying to exit daily, whilst minimising losses and exposure.
Now CJ. That is analytical content. Read it, or don't read it . Agree or don't agree... listen or ignore.
The choice is yours...
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I was joking Gecko, but it seems a good outcome anyway. Well done.
How depressing Gecko. I trust you left that sordid business and took up the cloth or something?
ahh..yes you are quite right MF11. I thought I had been sleeping for the number to have crept up that high! Still...a very solid workforce in place at both sites.
....and 1200 at Havieron already!
What a project. What a find.
I believe that Bamps has extrapolated the drilling results and concluded, using very conservative estimates, that Hav is well over 20m oz of gold and gold equivalent. Correct me if I'm wrong Bamps!
haha..FSA.
Very good.
Yeah you're right dumplin' . "You see in this world there's two kinds of people, my friend - those with 30%, and those who dig. They dig."
haha...the Croc Dundee one remains top notch. So pertinent here as well.
I thought SD just oozed enthusiasm and confidence today.
Well panama, SD is going to have to be on repeat viewing a lot more to set up cult lines that will match those from 'Aliens' but he is starting to come up with some for sure.
My current favourite is "I'm not allergic to making money". I think he needs to say it more often but in a stonger 'outback' accent. Stretch out the 'er' in allergic and make the 'o' in money a bit more of an 'a'. He could wait for just the right moment. Just after the 5% offer has come in at £500m.
I can see him being interviewed right now. Standing in the desert. He's asked by the excited proactive interviewer; "Well Shaun. How do you feel?? Havieron has been valued at £10 billion!!!"
He would need to pause...just for a few seconds and look away for effect. Maybe pull his trousers up a bit and then stare directly at the camera and say with a sly grin, "I'm not alluurgic to maakin' money".
Cult status guaranteed.
"I remember borrowing a quarter of a million when I was 27 and it took a 15 minute meeting with the bank manager and regional director of Midland Bank followed by a 2 hour lunch. All about trust!!"
How is Meghan these days Harry?
"Where are the usual suspects....? Colon, Coolio, Sliotar, Phlegm head and Mutley...?"
Sounds like the start of the roll call for the firemen on 'Trumpton'.
I look forward to peeling open those little gold wrappers and consuming my fair share of the contents Clairabella. 30% seems about right but I will settle for 25% if necessary. :)
You must be crazy Clairabella! My thoughts would be to eat every one of them. :)