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A more promising start after yesterday's lull.

This got a lot worse since my last post, I didn't think that was possible!

Talking of The Last Post, reckon we could be hearing that soon for this disaster. It's a shame there isn't an 'avoid at all costs' in the opinion drop-down menu.

@ Netherwood2 - Not sure they ever will, but if I'm reading this right the trade price was the same as the bid price at the times given, so look like 'sells' to me.

Not sure about the -1 unknown 'buy' though, how can you buy less than +1 of anything??

More importantly, why are there so few trades today compared to Friday & Monday, and apparently 0 buys??

It's all very odd to me.

Friday was bonkers, yesterday was busy but not quite as bonkers, so far today.... not much happening.

Very odd.

Seems like a great and comprehensive update, also interesting to note they are looking to expand the TK project down the line and are sending teams to other areas in SA. Harry's '3 horse race with a tailwind' could easily become a full-blown Grand National in the next 5-10 years, an absolute monster.

Here's hoping.

@ Risendshine - or should that be Rinsendshine?

That sounds like a good strategy in a share such as this - especially to a novice like me - and is something I considered, particularly last Friday when it was on the up. My worry was though that I would sell on the up and then it wouldn't come back down again, so I'd be worse off, not able to rinse & repeat. Knowing my luck so far that's exactly what would happen!

I'll keep watching and may consider that in future, cheers.

ps. it's profit - if there was a prophet involved, I'm not sure we'd be in this situation :-)

In the words of Father Dougall "What just happened there Ted"??

I have literally no idea.

Loving your optimism @ Sharebel, let's bl**dy well hope so!

It seems like forever since the Sasanof duster scuppered all our hopes for this, any good news could only help, surely?

After a raft of sells now a raft of buys again, could this be the 2nd wind?

Missed the peak earlier, will watch again to see if I can reduce losses here, maybe sell out and buy back in if price falls back on no news/Monday, whichever comes first!

Should we be expecting a Price Monitoring Extension or a 'we have no idea why this has gone nuts' RNS soon?

Just looking back, trading was pretty buoyant yesterday too.... interesting....

I still can't believe we are trading shares that individually aren't worth a gnat's, praying it gets back to 0.3p just to break even. Bonkers.

If pumping helps lift the SP and claw back some of my losses I really don't care if it's factual or not! I'll take whatever I can get just as long as it goes the right way i.e. up.

Here's hoping.....

Already seems to be some buoyant trading this morning, looks promising.

Anyone have any idea why?

BOIL ?

Or should that be 'miner delay'? Hmm....

No problem here, we can hardly complain because a syndicate member had a particular issue that needed resolving with the government.

But even better news in the RNS is that the $320M also covers 'cost overrun' and won't all be used up in the initial open pit stage, so plenty in hand all being well.

"The heightened capital figure of US$320 million includes financing costs, contingency, cost overrun and working capital provisions, which are not expected to be fully absorbed by the development of the Tulu Kapi open pit. Accordingly, subject to senior lenders' approval in due course, some of these funds are likely to be able to be deployed in developing the Tulu Kapi underground mine once the open pit has started, ensuring earlier production from the underground and improved economics from the Project."

It will all happen very soon.

Nice surprise this morning, didn't expect to see 7p this soon after the last RNS dragged it down to nearly 5p. Some were even suggesting could go as low as 4p, relieved it didn't but was a bit worried there for a moment!
Now we just need some better news to help lift things again.

Holding & waiting......

The damage caused by this morning's RNS seems to have been limited, so far at least, nowhere near the 4p that some were predicting.
It could have been worse, and almost certainly will be if spud is pushed back again in early '23, then we might see 4p.
But then a day or a week can make all the difference here, could easily bobble back up to 7p with no news at all, just look at what happened last Friday/this Monday, down then up then down again for no obvious reason.

@ Helx2 - I agree, news isn't a disaster, merely a short delay, and good that DM has rationalised the licence renewals by dumping those thought unworthy.
Unfortunately the markets won't see it that way, everyone will panic to sell (Why? Quickest way to lose money ever!!) and drive the SP down.
But that could be really good news for new investors or those looking to average down but not me sadly, I have already maxed out my investing funds.
Looking forward to Q1-23, hopefully better news then.

A welcome glimmer of golden light during such a sad time.

Looks like it's all coming together nicely, everything appears to be heading in the right direction.

No sign of any news anywhere, where would you suggest I 'do my own research' exactly?

So much activity and SP almost doubled, must be a leak somewhere surely?

Long may it continue, I'm still over 60% down here.