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I know the reported buys on here aren't 100% accurate, but there's ALOT of blue on the sheet. Potentially have hit a strong support level, and SP is slowly on the way up from a low this morning. The results were excellent on Wednesday, the incoming CEO has a track record of taking a company from exploration to mining and from 1bil to 8bil. Feels very much like short termist games and shaky fingers.
GLA
I’m with mushroom on this. Wasn’t the last buy from them done in one go on the Friday following the announcement we were on the index? So the 8m buys and similar this week may be someone else hoovering up to sell those shares to the fund at a cheeky profit? Just a thought
We've had drops before, we recovered. This is no different, in fact its probably an even greater opportunity to buy. People panicked when we hit 17p after being hovering around the low 20's. Now look where we are. We are another step closer to mining, to production, to revenue and to profit. This will recover, and I would expect it to climb above the 33/34 peak in time.
GLA
Done a little bit of reading about it, and so far we've tracked it reasonably consistently...when we broke through the 12/12p holding line, we didn't stop until 21/22...just has me questioning why specifically that point? if we stop around 33-35 here, again there doesn't seem to be a specific reason as to why that figure but it does add to the fib sequence theory.
https://twitter.com/newcrestmining/status/1320872867290988545?s=21
‘Recruiting for a skilled geologist...Integral part of our production and reconciliation team that supports both open pit and underground operations’
Absolutely spot on. Nothing has changed in terms of the future for GGP. The graph for us looks to match the gold price remarkably well, and the current drops are in line. News would be great, but its only another 4 and bit weeks until the next set of results from NCM anyway.
Why are people whinging about the price going down? Have we had a bad result from NCM? Is there any report on a delay to the potential decline at Hav? No. This is a great opportunity to top up. As someone mentioned, II aren't going to put money in to lose it are they.