Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Purchase of 100k 2.15 pm followed by sharp increase. Personally I wouldn’t spend 107 k without knowing something. If I had 107k to spare.
Not much chance of a post from Itzaponsi today.
Very interesting development, thanks for the early research, or are you in a warm time zone like me?
If at long last the Turkish conditions for a presidential visit are falling into place we can only hope that our issue will be a part of the grand agreement announcement the senior politicians like to make in person.
Why waste valuable time by taking any notice of sadistic words written by Izsaponzi.. he is clearly a sad fool that can’t stand the thought that some of us have made enough money in the past to be able to take a punt on the prospects of GKP.
Fortunately, as I posted last week, I was a buyer @89.5. I’ll take a 15% ‘day trade’ profit in one week with thanks to the idiot that sold at that price.
Yes Straycat you may well be right and “staying the course” would seem to be wise.
Unfortunately from my own perspective I’m not as young as I’d like to be and long term investments are not my priority by comparison with spending profits while I still can.
Patience Required
Why wouldn’t I buy shares in a profitable company with prospects that has a net 80+ million in the bank and a market capitalisation of little more than 200 million?
Because they are based in Iraq perhaps.
However, my patience might pay in time. The only problem for me being my advanced age and those idiotic Iranian influenced politicians that won’t prioritise the best interests of their own general population in a timely manner, if at all.
Just bought some more @89.55 not sure but.
When I first mentioned the words ‘patience required’ in relation to GKP I was naive in my belief that the loss of u.s. one billion per month in a country where a majority are poor and many are near destitute , would focus the small minds of powerful people . Sadly after so long I can only come to the conclusion that some of those ‘small minded powerful people’. Hate the western world and all that we stand for, in two words, Human rights. so much that they will sacrifice their own people in a quest to satisfy religious beliefs that only benefit the rich and powerful. In this case the Kurds have to be squeezed until they are deflated if not defeated alongside their western friends. But don’t despair because you can only squeeze so much before the bubble bursts. And personally I’d still say that this pipeline dispute doesn’t serve the best interests of anyone, fanatic or otherwise.
Patience Required
When I mentioned, as I often have, that ‘Patience is Required’ I didn’t expect that we’ll need so much of it. However time will tel because the upside remains and in the meantime GKP can operate at a small profit, hopefully for longer than Kurdistan will tolerate being throttled by Iranian interests in Iraq.
Any comment from Itsaponzi re share price
The best part about the up-date from the prospective of GKP investors is the vastly increased local market sales in the last quarter at their 25% Tawke site.
The most disappointing part of the last GKP up date was the lower local sales. We can only hope that like Tawke our last months of the year have been better.
That of corse is a side show by comparison with the main event, the pipeline, If it wasn’t for all of the false dawns I might now be optimistic re. today’s talks.
Patience still required
Long strong. The points that you make are valid, indeed those facts have been in the minds of many for a long time, and in there lies the market’s reluctance to mark GKP up on yet another resolution in sight. As you say if we become ‘legitimate ‘ we’ll be worth a whole lot more than before (when Kurdistan were acting alone) trouble is in sight is not in action. As for being a take over target, even if that is at a price that favours the bidder it will be far more than it is today. Take your profits and leave something for someone else.
That’s an extremely insincere “Good luck though” Itsaponzi. When in truth you hope for the opposite, that those of us with the strength and the resources to wait until GKP comes good as it will in time, fail and lose our money and join you in a sad life failures group, with those that don’t have the bulls to take an honest punt on a good bet.
Itsaponci Maybe you change your handle on here to imapesimist
Never say never. For instance Iraq needs as much money as they can get from oil sales, whereas Saudi Arabia can afford to cut and still finance Newcastle for fun. It wouldn’t take too much imagination for them to claim that Kurdish oil was never a part if their quota and therefore it should still be sold in addition.
Plus how long will it be before Kurdistan start to play hard ball. Will riotous teachers tip the balance. For instance the peshmergas are a force to be considered as is the fact that thousands of Isis POWs are being held illegally on behalf of the U.S. but it’s not the U.S.A. That would suffer if they are released on the road to Baghdad
Look on the bright side buy some shares or p off and buy into a safe can’t fail business. Co op funeral care for instance.
Arm
May I suggest that you shorten your ‘handle’ it might then be easier to get hold of you when other lonely souls like myself wish on occasion to engage in a personal duel.
May I also suggest that your posts would be of more value if they contained useful information or views regarding GKP their current situation, their prospects, or hurdles that need to be navigated, and the political situation as it effects GKP
In short Arm. Just think of the time that can be saved if you only post items relevant to GKP
If itsaponsi knew as much as he is so keen to waste his clearly over abundance of time telling strangers about he would be a very wealthy person with far better things to do in life. Starting with putting those pessimistic opinions into action and shorting GKP on Wednesday. Although he’d be crying now.
PUTUP
You may well be right and without directing profits towards investment in the future production won’t rise beyond 55k or so. So what personally I’m too old to worry about long term gains as opposed to paying short term dividends as the company were, all too briefly, before the pipeline closure. Sadly I came in here seeking a 2/3 month turn round 8 f***in* months ago
Dare2tri With lots to gain I hope you’re right. But yet another ‘false dawn’ sad to say that’s more than likely as I’ll believe that they’ll change the law for our benefit when it actually happens. Yes there is a likelihood of a large increase when the pipeline opens as it surely will later if not sooner but the current price is what it is for a reason, and that includes downside risks that sensible investors are surely aware of. ( or should be ) Finally and unlike Armasmaximilian I for one won’t cry if I miss the next high. Besides I’ve just moved to my winter location and I’ll still enjoy my daily swim no matter what happens in Iraq.
Yesterday’s share price fall probably owes much to the fall in crude sales when most were expecting a month on month increase. Personally I don’t believe this makes too much difference in terms of GKP’s long term value which is reliant upon the pipeline being reopened with a fair contract. In the meantime with costs covered and decent cash reserves I for one will wait until common sense prevails. As for today’s small bounce, while it could be a ‘dead cat’ and it might be market related, it could also be the bottom has been found.
Patience Required
Your post does seem sensible Belgrano and I do hope, indeed I expect, that you are right, Sadly the Iranian influence is very powerful in Iraq and sensible often rates far lower than we might like in their minds.
After so many false dawns I hesitate to say so but have we at long last passed the end of the beginning and entered the beginning of the end. It certainly SEEMS that the only remaining obstacle is an agreement with the IOC’s. That being so better long than short GKP.
Nevertheless Some Patience is still required