Realitys a dream.... RIP the great Pete S...29 Jan 2021 20:18
Checked in, as saw RNS.
Lots and lots of posts. Some interesting views to be fair, on a frankly better, but still P&D suseptable update I am afraid..
These grades, compare them to the latest NCM update on Havieron for example.. really are not even close. Yet GGP is on a slide regardless (totally unjustifiable mid term IMO).
Anyhow. Here, there was so much frankly bull today... did I really read 3p plus Monday... Yep I really did.....(what is he on...) ..... its already spiked at only 1.7p and dropped all afternoon as the sharks chow down for goodness sake...
Truth is that Rock did well to close 1.3p after the usual sell offs. BUT guys the only test is nit that, but rather what will it close Monday, Tuesday, Wednesday and then Thursday etc....thats what matters, buying pressure and sustainability is all that will raise the price. Not the day trader ramping b*llocks of a lot of the posts seen here today.
If anyone here has held this for 18 Months or so they will know what trends here also - spike to 2.31p (end 2019), 2.14p, ( mid 2020).... But then viciously exploited by day traders, and back to doldrums and 0.7p etc....pre then more rinse n repeat & endless swiss cheese drilling and placings to sustain the BOD lifestyle, but to little more end.
Uncomfortable am sure for some, but the history doesnt lie...
So... lets see if all the Jonny come lately rampers, and to be fair the genuine optimists can actually contrive to sustain some REAL buying pressure all next week. So that next Friday it closes even somewhere close to the last 1.65p placing raise... Now that would be real real progress.
Sorry to be that realist, but if NCM/GGP issue that amazing update on the JV drilling grades at Havierion, and their SP continues to fall regardless. Set against a real hard metals and commodities bear market right now...Then really.... this small beer will have to fight like h*ll with the 10,20,30% traders who will all be selling, so as to survive the clear onslaught coming.
Thats a fact, despite what ever the rampers here tell you today.
I hold a fraction under 2 Mill shares here, and need 2.12p to even break even....and something people forget to say.... actual decent sustained liquidity within that.
E.G today could test sell 500k max at only 1.2526p mid afternoon peak...before NT and likely 1 Mill at 1.01p within that max... So hardly great progress?
Sadly thus a shed load away still from your 3p blue sky matey...
Live in hope still, wanna see this work .... but .....Jeeeeez the ramping crews do my head in...