Member Info for RichTheNewbie

It's certainly held up extremely well after the recent rises with considerable buying soaking up any sells.

What a good day, SP still very strong here, gold price rising again, probably because Russian output is down 4%, stock markets imploding as they once again realise everything is a house of cards waiting to collapse, Biden administration apparently lining up crypto regulations. If Carlsberg did Tuesdays.....

scoredagainsteps - doesn't change my view ;)

Bore off you plank. Sell then immediately post to try to convince other people to follow you with some contrived BS. I don't think you're a banker....but something that sounds very similar...

If I'm buying something on AIM, I probably want to be paying half what I think its really worth (or less), so that there's a lot of room for it to close the gap between what it's worth and what it's currently priced at.
That way, if this rises to 18-20p, I can be sat with a tidy paper profit/cushion, knowing its still worth more, and got room to rise, and be able to more comfortably hold whilst the drill-bit delivers.
Because ultimately, if the drill bit starts showing loads more gold, then you'll be holding in a company that's got cash flowing in, with loads more reserves/resources to exploit, and the good thing is they've shown they've got good financial/cost control (apart from their own remuneration - which I can live with as long as they continue to make us all rich too).
If the gold price goes on a run.....even better.

Tamesis Partners also have a note out from yesterday - target price also 30p.
SP Angel have a note out too but not found a copy of that so don't know what it says or target (however I'll hazard a guess at.....about 30p :p)

Just noticed on the wire: LIBERUM RAISES SHANTA GOLD PRICE TARGET TO 30 (28) PENCE - 'BUY'

I'm glad to see they concur with my assessment from a few days ago ;)

Trade just gone through for 15p.....good start (maybe they're done!). Not counting any chickens though as always!

Think of it this way.....we were already pretty sure there was an II offloading which had led to the price being lower than it should be.
Previously this was a slow process but now their shares are being bought up quickly by other IIs. So the process of getting rid of them has been accelerated. Another trade for 1.4m snuck through after close.
My money is firmly on Odey as the main seller and multiple IIs as the buyer.

Finishing the day with an auction at 14.5p.
Interestingly it's gone into a trade-at-last auction - all sorts of pretty colours on the display today.
Don't think I've seen one of these before...in fact I had to Google what it was ( in case you're interested: https://www.lseg.com/markets-products-and-services/our-markets/turquoise/turquoise-trading-services/turquoise-plato-trade-last ).
Only launched at some point in the second half of last year apparently.

There's been over 16m SHG shares traded today mick ;)

Really churning through things now - couple more trades above 2m.
What's good is this is just a tiny proportion of all this year's drilling (3590m of drilling out of 35000m planned for this year). So loads more still to come :)

As I said, the response was good, you have to see past the illusion of the immediate / short term price.
1.5m just bought at 14.40p should help ;)

The market response has been good - there's been good buying all day - it's just there's clearly a seller (and the odd profit taker). The PI profit takers will dry up quickly - the II it's impossible to predict. They could have finished and just be the dregs in the MM coffers, could have a just a little bit left, or a lot.
Personally I would assume it's Odey (now Brook Absolute Return Fund) locking in some profits to make themselves stand out and look good in this charade of rebranding/distancing.

Not at the moment, sell price rising, and larger buys still coming in at above 14p.
All about the seller now - if they run out or stop then this could go up plenty in a heartbeat.

Momentary dip there under 13p but it's now gone blue and heading upwards.
Was that the last little shake with the seller done.....or are they going to continue to **** on our parade.
Fingers crossed it's the former ;)

Gold up at $1765 now!

own = owner in court
(typo)

It could easily be really as simple as Odey are in a mess, with their own in court on sexual assault allegations, whilst the firm has just lost another court battle with the taxman over their creative tax avoidance/evasion, and having lost loads of money again in 2020 whilst everyone else does well. They managed around £10bn in 2015.....now down to £2bn.....woops. No surprise they're rebranding lots of their stuff as "Brook Asset Management" now on the sly.
Could simply be a case of needing to flog a few shares to book some profit and make themselves look better (or pay the court bills!). Ironically they've generally done better with natural resources than anything else it seems!

Yeah, I like situations where there's a seller (or sellers), pushing the SP down, it's what gets me in at prices I shouldn't be able to buy at. I often buy more, when I think the price is artificially low due to a seller, because when that handbrake-like pressure is removed, as you say, they often shoot upwards.