Member Info for notrader

Dunno but recently invested $100m in Blockchain

Fairly happy with SP close, on a day where almost all the mining sector is down. High spread might indicate that selling pressure is diminishing.

Long term prospects we all know about, every passing day brings us nearer what could be transformational news.

Must be a lot of easily frightened people around.

Greb - " Up 10% then slowly rinse it down for sellers, rise it up again and slowly rinse it down."

How does that work? If they wanted sellers surely 'they' would raise the price?

Ok - saw it on official SE list, slipped down off page here. Any indexes due to rebalance today?

I see no 10m trades listed on LSE. Yesterday there were three 5m trades which were immediately shown as cancelled.

"The camel thread isn’t there anymore - it’s been camel’flauged"

It's still there - you just can't see it.

FTSE 100 falls 2% as markets fear inflation
https://www.bbc.com/news/business-5707037

Money being taken out of all stocks. Perfect example of algorithms at work

FTSE 100 falls 2% as markets fear inflation
https://www.bbc.com/news/business-5707037

but when you have a troll who has no investment in our company and given his track record one can’t help but to fear the “trolling route” - I obviously don’t know - just trying to understand all 007's commercial options - as Sandeep at Newcrest has always stated - any investment has to accretive- let’s hope 007 acts like a grown up investor - unfortunately I have my doubts !

Mr 007 must be looking for a cheap entry point again, using every opportunity to talk down the company.

Hydro - GH sold 30m odd. At average daily volumes that would be disposed of in little more than a week. No - for the SP to be depressed for so long the number of shares involved must be in the many hundreds of millions. The is no great conspiracy theory needed to explain the low price - there have just been more sellers than buyers.

I think we could have at least 2 revised MREs in the coming month or so - one from infill, one from growth drills and expect them to send the SP higher, and then the PFS

Danny / Hydro. I certainly have no doubts about the positive outlook for GGP. Hydro, you didn't address my second point - where are the shares coming from that these 2 (!) buyers are hoovering up at low price?

It doesn't matter who they are, only that there has been a sustained and readily available supply of shares at these (to us) low prices. Forget MM games; it is beyond their abilities to engineer depressed prices for such a prolonged period, and would also involve almost all MMs working together for months. As they are in competition with each other, this is unlikely to say the least. Yes, they can and do manipulate short term prices to satisfy demand they can see on the order books, but this can only go so far.

Hydro - so Buyer A and buyer B have been accumulating shares individually and collectively for over 4 months now, in chunks of 250k up to 3m. Can you tell us how many shares they have accumulated? And perhaps more interestingly, who has been selling these large volumes of shares at these prices?

Ianbo

A lot depends on how much of the resource becomes 'indicated' instead of 'inferred'. If a new MRE adds only to the inferred resource, then the risk factor is unlikely to change from this, although the valuation will still rise. Implied resources have lower risk levels, so would expect valuations to increase. Remember that different brokers might apply different risk factors, and the we would not know how they calculate them. Also, risk factors will be affected by other developments, such as the progress of groundworks and other factors leading to production.

IMO, any move to implied resource should re-rate our valuation.

Some very basic definitions here http://www.crirsco.com/news_items/revised_standard_definitions2011_v2.pdf

His posts have gone. Interestingly, it seems Tymers too

HL gives live prices

Hi Zelos - apols for delay, just logged in. Thanks for reply, and I understand the points you make.

However, I think there is another possible interpretation from your reduced float and massive buys scenario. I suggest that the buying pressure has been fairly consistent, and the uprate is due to the volume of shares available at the low prices drying up. Interestingly, the Morningstar GGP ownership figures show that a number of insti's which had shown holdings have been selling and many are down to zero. This is an indication that shares are not so freely available.

It's 2 sides of the same coin, and I like you believe that the direction of travel is upwards, especially with so much news due this year.

Zelos - There are almost 4 billion shares owned by many thousands of holders. There was massive buying from Jan 2020 to drive the SP increase from 2p. Those who bought would be sitting on big profits. A significant proportion of those would want to realise some or all of their profits. This would particularly apply to trade investors, many of whom are obliged to show cash profits rather than paper ones. So, many holders would have been selling down over the past 3 months, happy to consolidate gains and probably obtaining free rides for their balance. What happened this week was that the overhang of 'surplus' (selling pressure) shares reduced to below the buying demand. MMs were caught unaware, and to meet demand had to raise offer prices. Today has been traders cashing in their short term gains.

There is every indication that the buying pressure has been fairly consistent, so when those willing to sell at current levels reduce, the SP will increase. This is likely however to be a gradual process, as with so many shares in issue, each SP increase will find new sellers.

Dunno who Sean Day is but he's nothing to do with GGP so the location of his finger is irrelevant