Member Info for Redtrader

It is actually. You do not have to use my name you can choose your own name for it. Do you have a list of approved names for financial strategies. Maybe you could start you own Financial Strategy Bee game. A version of sewing bee and pitch it to the BBC. Such an important role you have take upon yourself. Policing the lSE forum for informally named strategies. I am sure you will be rewarded.

The point that you missed is the madness of the central banks money printing. A few will do very well. It should be positive for GGP.

Black Rock and many other hedge funds are borrowing billions buying up residential properties. Not even looking at them just bidding for anything that is placed on the market. Black Rock can of course borrow billions at less than 1%. A billion dollars at less than 1% interest is less than $10 million a year. The debt will be wound up into a bond and never paid anyway. More debt will be created in the future that will buy this debt. And that debt will be kicked further down the road. Many companies are borrowing billions and buying up their own shares. Again that debt will be placed in a bond and kicked down the road. The affect of all these dollars flooding the worlds market is of course inflationary.

For stocks, gold, Bitcoins, property it is all inflationary. It is wrong but these are the fools that rule the west. For gold and mining it is all very positive.

Currently Newcrest has 6 mines. 5 producing, Havieron not yet producing. Telfer will soon be exhausted. It means Newcrest will be a 4 mine company. Every day they wait the sooner Telfer is exhuasted the longer it takes to start mining Hevieron.

Newcrest will be putting lots of pressure on Bynecut to complete the decline. Anything Bynecut need will be made available. How fast Bynecut is working will be interesting.

Know it sounds dumb but I cannot find an icon or link that takes you from LSE to a companies website. End up doing a google search which seems a bit medieval. HAving to search and find the website is starting to become annoying, Am I missing something obvious?

For now the share price is based on news. Havieron will produce gold within the next year.

I doubt you would be upset if I am right.

Technology for surveying not only the sensors but the mathmatical tools for creating the images is moving on in leaps and bounds. Drilling, look at the shale oil revolution.

That's a serious sell signal if you ask me, £23.00 to £0.23

Gravity and Electro Maganetic surveys. The technology is always improving.

Think Bamps costs are wrong. Tier 1 mine costs should be less than $800 an oz. Ore with high levels of AU will have lower costs per oz.

I just looked at the image and took a very rough guess.
The MRE should at least double, could triple with these results. According to the presentation these sections outside of the MRE had several significant intercepts. That means we know these areas contain gold.

10% will do for me.

Looking at GGP April presentation, MRE only covers about 25%, may be less, of the ore body. The image shows multiple drills through other parts of the ore body with significant intercepts. Guessing to caluclate the MRE you need a certain amount a drill holes per cubic meter. Unless we have been very lucky and hit the only bit of the ore body with gold. Then the MRE figure will at least double on Wednesday.

The price is driven by news. No news it starts drifting down. See why ramping works.

If the SP shoots up on the 10th he only pays the tax on the difference between todays SP and the exercise price, 2p,

Interesting TakingMyTime.
The RNS says it can be exercised on the 10th of June. The day after Havieron results are released. Does this mean the CGT can only be calculated on this day. Meaing the SP on that day is the SP used for CGT?

If the results are bad would he want to rub our noses in it. I very much doubt it. He would chose a date miles away from the results day. Is it a final good buy.

Is Callum sending a message.
The date the option starts is the 10th of June, a day after the Havieron results are released. For the few weeks I have known about this guy he does not come across as mean. I am guessing he knows the results are good.

They know the price will not move until some news arrives. They are waiting to the end of the day to try and get the lowest price. A lot of sales will be day traders not wanting to be exposed overnight.

Open pit might not be a lot but can be accessed quick and used to fund growth.

Trying to understand the extent of the discoveries in this region. Paterson seems to be a gold bearing area. It means we have a very good chance of finding something else here. Goliath, Blackhills. We have many prospects in this region.