Member Info for SpadesAspade

Ian C, it was me who penned that particular post, and the GDXJ weren’t willing to pay anything, they got caught with their pants around their ankles by hydrogen, who let them know the errors of their ways when it came to calculating just how many shares they needed to purchase, to be included into their fund.

Hydrogen quite rightly pointed out that they had not taken into account the number of Pi’s shares that they had not included in their calculations, thus paying more than they wanted on that last tranche they bought on the day. Overall it probably didn’t make a massive difference to their overall average buying price, but I suppose we’ll never know.

I can’t imagine for one minute that the same mistake will be repeated a second time.

JPW, 100% correct, I’ve been saying the same thing for the last few weeks, but keep getting shot down by the usual crowd.

Glad to see someone’s been doing their homework.

🧐

She did indeed Freddie.

She also sang a personal favourite of mine “Put 'Em In A Box, Tie 'Em With A Ribbon” !

I’ll dedicate that one just to you Freda ❤️

Element1, surely anyone down under who wants in on GGP have already got their teams to have put orders in around the £3 to £3.15 mark, and that’s why imo this price is where it is.

MM’s and brokers have got a tough ask trying to deliver the millions needed.

Like I’ve stated before, even though ii’s are mandated to buy, it doesn’t mean they have to fulfill that obligation by the 22nd. Neither are they obliged to pay any price either.

If you cast your mind back to when GDXJ bought in, the reason why the SP spiked from 19p to 27p, was due to the fact you had noticed they had miscalculated the amount of shares needed, thus paying way over what they’d probably paid for what they thought were required.

Currently the buyers and sellers are at stalemate, neither wanting to flinch first, but at some point someone will decide enough’s enough, and I can’t see it being any LTH’s.

Esduk yes you are correct, I omitted China’s already 1.5 Billion in my calculations. Good spot 👁️

96dc2, the simple and quick answer to your question is NO !

Why I hear you ask ? Because apart from the US and governments from Europe, Australia, New Zealand, Canada, Japan and Singapore, nobody else gives a stuff about them.

Almost all other countries on the planet still do business with Russia and are currently forming stronger relationships with them.

If you’re looking for reasons why the POG will continue to rise over the next few years, then look no further than the forecast on population over the next 25 years.

Currently it is estimated that there are around 6 Billion people on the planet. Forecast predict that by 2050 there will be 7.5 Billion, of which the vast majority will be born into poverty via China, India, Africa, South Asia and South America. The amount of debt that these countries will amass will be staggering and that’s what will continue to propel the POG to new highs that we’ve never seen the likes of before.

96dc2, I can’t say I’m surprised with what is happening on the ASX.

Looking at today’s trading, it’s quite obvious that as soon as there’s any sign of the market rising, it’s immediately shot down by strategically placed sells.

Just take a look on here and zoom in onto the bottom line.

https://www.marketindex.com.au/asx/ggp/advanced-chart

It’s as clear as day.

Looks to me that maybe the shorter has gotten a second wind. Are they purchasing shares here, to then sell on the ASX ? Who knows, but nothing surprises me with this share anymore. Do I feel threatened by it, not in the slightest, because at some point, they or their paymasters will turn a complete 180 degrees and go long, once they’ve acquired what they want.

Everyone just jockeying themselves into position before the off. Then watch this share run !

Ditto wiltshireman, I just bide my time awaiting the inevitable. Just too many folk thinking this investing lark is just a walk in the park.

It’s not, it’s a long a laborious waiting game, especially where junior explorers are concerned.

Just a matter of keep putting one foot in front of the other until we reach the summit. Unfortunately there ain’t no cable car up this mountain Yet !

Maybe not Quepensa but a certain Freda, tries to make out that I’m either a “liar or a conman”, well I think we all now know who the conman really is !

And there we have it !

Trade No 701 - 14892 @ 3.0985 time 12:49:25 just shown up now along with another shed load

Agree 100% Spud, still awaiting my buy from Friday to show.

Oh well, just another day on the Magic Roundabout.

I’m not biting Freddie, go and pick on someone your own size will ya !

They’re only showing trades of upto 10,000, apart from one UT at 11:00am for 25,500.

Anything larger than 10,000 being kept hidden. 🤷🏻‍♂️

Oh and as if by magic Fred appears. Where’s Mr Ben gone to today ?

Yesterday in Oz there were just a tad over 1.8 million shares traded compared to 650,000 here with 45 minutes to go.

The Big difference that always sticks out to me is the amount of trades down under compared to the uk.

3684 trades executed on the ASX, compared to just 591 as I type here.

I wanna know who the club bouncers are that you’d nominate Ace, since Max & Paddy retired !

Any company holding large sums of cash in the bank, would and should be employing a treasurer to oversee that the money held, is making even more money.

My daughters partner is one, and is employed by a UK company of which I won’t disclose, and he trades vasts amounts of money from over 200 other business the company owns from around the world.

It’s above my pay grade, but trust me, companies who have hundreds of millions in the bank don’t just let it sit there idle.

I know what the sell price is Fred, so why inflate the buy price to £3.20 ?

I shouldn’t have to wait too much longer to be able to spot Friday’s purchase marked down as a sell.

Mmmm I wonder why they would do that 🤔

I see they’re up to their usual games again.

Can buy £20k at 3.11225, which would then show as a sell.

Nothing like distorting the truth is there 🤔