RE: Pivotal moment16 Feb 2020 08:38
Mushroom,unless you wish to trade in which case most on here can’t help you, the recent rise was off the back of the NC quarterly report and further outstanding drilling results,simple as,with each set of drill results we become more derisked,nc move closer to the next stage,and seemingly our licence gets bigger and continues at high grade, NC as speeding up and brining their 25m spend and MRE into 2020 or the next 6 -9 months. Further to this it would appear some institutions are now active and taking positions whereas before we had most of our manipulation coming from individual high net worth individuals like SB,we now have a former base of sticky investors,very unlike any of the earlier previous results and spikes.
I believe the next set of drill results is going to be the first of the real catalysis ya for our rerate and then the MRE and possible buy out after. Put quite simply,GH has been moving us along the value curve and HAV is a 1/1000 chance and we have hit it,we should all be very greatful to be here no matter what your average is.
With the speed at which nc are moving,the likely warrant cash topping up our existing 3m in the bank,scally drill in the next couple of months,potential sale of taz assets etc my answer to you is that no,there should be no change of a retrace right the way back like last time eg after the farm in, back then there was always going to be 18m of filling to do and lots of risk,so people sold on the good news and waited for the next lot and same again.
Things in my mind at least are now very very different,not least our reputation and recognition in the industry, we arnt totally run by small pis anymore, we are mere weeks away from another potentially game changing RNS. It’s about the safest hold you can get ImO,now I am not saying it won’t drop,hell I didn’t see it dropping below 5 and topped up at 4.26/7 ,but what I am sure of is that in a mere 6-9m time with many other spikes in between,we will finally have a resource,the most conservative of which would still smash through our current Macp for our 30%, so unlike normal longer term investing,if you hang on for 2020,I’m very sure you will make a profit,remember they can not I find these results,once we have an mre,the gold in the ground is banked to our and nc Mcap. Add to that even one hit on our other licences which we still own 100% and really,do you care about spikes and retraces? Buy on the retrace is my strategy since after nm walked,averaging up the whole way,has worked well for me. Otherwise trade it if you feel you know enough,but after being here a long time, I wouldn’t dare
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