Member Info for TimberTrader

If anyone wants to watch a very good movie about 'shorting' and major manipulation by the big boys, then maybe take a bit of time to watch, 'The Big Short'. It's available for free on Amazon Prime, and, IMHO, well worth watching. Sadly, I've watched it a couple of times recently! IMHO, you won't be disappointed! TT

Yup, an increasing number of 'nearology' company assays are due from several companies. Any major hit in valuable mineralisation, from just one of these, could result in a massive move north in our sp. That's even without positive news from our own drilling, both in our 100% owned tenements, and/or the likes of Juri!

The global economy is slowing, and, we have increasing economic uncertainty worldwide. It's likely, IMHO, that we'll see a general economic recession, which often results in more people turning to investing in gold, because of its enduring value.

There are many large Australian gold stocks, but these are the five top companies in the sector by market cap.

Australia is the fourth largest producer of gold worldwide, and this past year has brought ups and downs for the commodity.

Below we have listed the largest Australian gold stocks by market cap. This list was generated on June 28, 2022, with TradingView’s stock screener and only companies with market caps over AU$50 million at the time are listed.

1. NEWCREST MINING

Market cap: AU$19.36 billion;current share price: AU$22.37

Newcrest Mining (ASX:NCM) operates a portfolio of gold mines across Australia, Canada and Papua New Guinea. These include its New South Wales-based Cadia mine and its Western Australia-based Telfer and Havieron mines.

In November 2021, Newcrest agreed to purchase British Columbia-based Pretium Resources (TSX:PVG,NYSE:PVG) for C$3.5 billion, marking the company’s expansion into Western Canada.

https://investingnews.com.au/top-australian-gold-stocks

https://www.australianresourcesandinvestment.com.au/2022/08/12/copper-price-rebounds-as-us-dollar-weakens/

"Don't forget the copper" Gervaise Heddle

"The copper is yeah, it is tremendous, at say 20% of the ore body and..you know the best gold mines have copper" Shaun Day

"...Continue to focus on the exploration in the Paterson around Havieron as there's no better place to look for gold and copper than where it’s already been found and the Paterson is elephant country" Shaun Day

"We're driving in and developing the SE Crescent hitting that high grade ore, we're going to then take that through and process it and then have ounces of gold and tonnes of copper to sell and that will generate cash flow and then we can reinvest that into the mine to continue to grow that, continue to advance the decline to all the way to the bottom of the SE Crescent." Shaun Day

Some nice late buying, including 225,881 UT, taking us to 11.40p. Hoping for 12p+ tomorrow, and building further next week ....

Some better buying activity after midday today, posibly some FOMO starting, but, then again, it's GGP, so nothing surprises me!

Latest developments, including market reaction, following the BHP takeover attempt earlier this week...

https://www.australianresourcesandinvestment.com.au/2022/08/11/bhp-must-sweeten-oz-deal-analysts/

Sure, but the GGP sp in August 2017 was around 0.55p, so it was actually a complete giveaway at the time, whether PTR sold the 65,490,000 shares, or not! It's still a great deal, when you take into account what's subsequently been found.

Hi LL, not to my knowledge. However, as you say, It could well have been due to the forward change, as it was clear that Shaun Day wanted to get rid of the old legacy issues that he inherited, and start a clan sheet. I just wonder, also, if there were possibly any contractual reasons why Greatland Gold could have made a legal challenge. We'll probably never know, and it's therefore all pure guesswork, but the main thing is, IMHO, it's now out of the way. TT

Just to add, under the negotiated agreement with Five Diggers Pty.,Ltd., which removed the old GGP legacy contingent liability issue:

-- a two-year restriction on dealing with the Greatland shares to be issued to Five Diggers Pty Ltd, comprising:

- 12-month lock in, which prohibits any disposals of the shares in this period, subject to carve outs (such as recommend takeovers), plus

- a subsequent 12-month orderly market arrangement, requiring that, during this period, the shares may only be traded in consultation with the Company's broker and through the Company's broker (subject to customary carve outs); and

-- a reduction in the number of shares being issued by 4.5%, being a reduction of over 6.5 million shares, to a total of 138,981,150 new ordinary shares (with a value of approximately GBP14.1 million in aggregate at 10.15p per ordinary share, based on the closing price on 13 July 2022, and representing approximately 3.3% of Greatland's enlarged issued share capital).

https://www.lse.co.uk/rns/aim-notice-09082022-eiukjkr30txogem.html

https://www.dnb.com/business-directory/company-profiles.five_diggers_pty_ltd.f264839ccc5a63d267dedd41741e0cbf.html

It's just the old contingent liability shares that went on the AIM market on the 9th! Nothing to see here!

It's purely Sam Garrett and the other directors of Five Diggers.

All very strange! ARV on ASX down around 8% in trading today, yet ARV on AIM currently up another 24%?!

That's also probably now opened the flood gates for a class action lawsuit for the same! Oh dear! poor old JPM! Not!

A very interesting read in 'Preview' Journal, written by James Hanneson & Callum Baxter:

https://www.tandfonline.com/doi/full/10.1080/14432471.2022.2103941?src=

Well, IMHO, I'm certainly looking at FOMO pushing us higher, maybe as early as the end of this week, but certainly next week, as we move towards the updated Havieron MRE on the 19th August!

@ readthecandles, "As this post was written gold blasted through $1,800"

Indeed! Intraday high so far of $1808!