The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Indeed one list stock to check, all the local accountants must still be on holiday.
Looks like a few people all had the same idea, topping up or getting in on a bargain.
I can’t be the only one thinking they should have grabbed more than they did yesterday. Robbery aside, it’s silly cheap for a gold producing company, considering it’s was double just on the prospect of being one!
Aren’t you a ray of sunshine…..
Tiny float in the public domain and stupidly small trades. RNS in May should sort things out.
Especially when under £10k of trades wipes off 5% of the value…
Would be a great boost in the pour revenue if it’s ready to go, looks like a £20k buy today is nice to see.
How has a sub £500 trade dropped the price from 9p to 8.5p… I realised there’s a lag but in a sea of buys how is that representing the market? With trading fees and spread why do these three figure trades even take place. It makes no sense even with minimal free stock available… sorry just a bit of a market rant.
Bought a few more to average down. Just need a nice RNS to say all it well and process optimised. Then whoosh we are back where it should be.
Pretty much bang on. Folks should re-read it before posting in most cases.
So those who have been holding GRL aren’t going anywhere any time soon. The short term and day traders have moved on and those who see the bigger picture are happy to wait for the production numbers and gold to flow. Only wait now is the RNS with that information.
Doubt it, single figure number of daily trades looks like the tree has been shaken dry. The rest are waiting on production yields and the rise that will bring.
@ djryan77, two post on this account…. Still they were valid unlike a lot of the waffle posted..
@mcmullank, bigger boys as in the fund and hedge folks. They can’t buy in the small volumes available and will want the first quarter production figures and projection.
It’s the curse of the availability and MM’s that create a drop on such a small volume and value of trades.
They’ll have stacks backed up and probably already pouring more gold, but they’ll will want to release a set of results not just single figures. Unless they are sandbagging to play the gold market, as that’s easy profit as its an instant sale on release.
Indeed, why would you hot commission with much more than you have to. If there’s a issue then your mopping up a far bigger loss. Now everything is in place, tested and mining has increased, production will follow. The only variable will be the yield and the information flow speed. The latter is when required and not when minor PI’s throw their toys out of the pram. Once the big boys can buy in bigger volume then the reports will flow…