Lots of buying this morning on bouncing from lows. The Indicators are pointing to better things to come, RSI and Stochastic are at bottom and now rising and the most Important MACD ready to cross up "0" as it has gone divergence ( blue crossing up red line ).
there is a lot of bubbling going on in this pot........!! After yesterdays world shares disaster
this is looking cheap.....I must say I have been kicking my self for not selling at last months high,and then buying back in,but greed is a nasty trait....lol...I felt it could have gone to 3-3.5p but..............never mind it will come back,there is a lot of gold in them Hills,or desert...??????????????? ..lol
Greatland Gold (GGP)
There was bad news at the beginning of this year for Greatland (GGP) concerning the Ernest Giles gold project. Newmont Mining (NEM) decided not to take up its option to become involved in this project. It appears it is not in the right place or big enough to fit in with Newmont's current priorities. The Greatland share price plummeted on the news.
This has masked the positive drilling results which defined a large gold anomaly to the north of previous drilling, plus other anomalies. This drilling was funded by Newmont. Greatland plans an exploration campaign commencing in the first quarter of 2018 to generate more information and data about the anomalies.
Greatland had cash of £4 million at the end of October 2017 and further warrants and options have been exercised since then. This provides enough cash for the time being. Ernest Giles may not be big enough for Newmont, but it is significant for Greatland. Further positive exploration news could help the share price to rebound by the end of the year, although it is unlikely to get back to its previous level in the short-term.
That was a strategic sale by MT . PJ and wife have 90 odd million shares and as far as I know havent sold any and as for the 0.20 dream on . This is an entirely different
Company from back in the day . I plan on buying several million shares next week here btw.
If Im wrong apologies but dont think so.
So... Let's delve a little deeper into one of the biggest potential shame in aim market history. .
Firstly you'll see I bought in around 0.2p and sold all the way up to around 1.5p .. missed out on the last leg up.
I have also held ggp about 6 or 7 years ago.
I suspect afoul play with this stock for a number of reasons and I'll highlight a few here....
1. Metal tiger and their suspicious entry at the bottom... and full escape at 2p ... when they had people on the board at that time... you will note thor mining.. MTRs other interest which has followed a similar suit as ggp..
2. The blatant lies regarding newmount. There was not one comment before, during or after the E.G. initial announcement or final one concluding the ramping story by newmount themselves.
3. This is now the third or even fourth time this little shister of a stock has spiked and then dumped as it is apparent the s.p has been manipulated completely..
4. All the announcements of other projects and land acquired during the newmount investigations.
Here we go.... give it 6 months to a year and there will be news of exceptional grades and more fake news coming out of this one just to see it all happen again?
This company and its CEO are utterly toxic... run whilst you can.
Took some profits in the 2s , waiting to jump in big at current levels , Question is when to increase holding , suppose one couldnt go wrong at current levels and is able to hold . I just agree with msoldB , we know how good this is .
Alltold..selling at 1.05p yesterday on paper initially was a shrewd move. Well done for that. Buying back at 4pm at 0.85p would have been a better move.
Apart from Newmont pulling out nothing has changed.
Stranger things have happened. NM may be playing games, walk away, show no interest then come back later when the seller has realised true value. Its been going on years, even since they were selling beards in the Life of Brian.
Good luck from here.
As for me I am a hold. We know where the bottom is and thats 0.7/0.8p
Time is money and Newmont would not have wasted an extra 3 months on something that was not of interest.
There has been a stand off IMHO and that is not uncommon. There was probably some negotiation during the extended period and no resolution could be found that was acceptable to "both sides"
In relation to the drilling and testing done by Newmont this should now be available and should be able to be utilised. ATT the focus appears to be confirming the additional resource findings and increasing the value for the company.
Like Brexit you do not accept a bad deal at any price unless you have a terrible negotiating hand.
The proof in the pudding will now be to continue without raising additional funding through placements etc.
Is it a longer term buy at these prices well I banged another £10k in yesterday so there's my intention
Or Newmont were trying to bully the minnow GGP into selling for a very low price, GGP called their bluff and there is now a standoff?
Newmont could come back in again?
Another company could step in with an offer?
GGP could sucessfully mine?
None of us know anything, it certainly is clear as mud.
What defines that exactly, throw a rope around any part of Australia and you would be within your rights to call it a gold district, the whole country has gold in it's back garden just to what degree, for gods sake
Highlights today... several additional robust gold anomalies identified many of which have not been drill tested,
so we knew up to this point EG was full of anomalies that's why Newmont were there ! so what drilling was done and pertinently how many ounces were broadly indicated with those areas tested,
do we have to whistle in the wind to what our own company has in prospective gold,
GGP now go ahead set plans to contradict Newmonts decision to pass.... erm ok
we need the facts GH after 9 months not a keep your nose out confidentiality agreement from some one who's walked.... leading to hearsay hope that the like's of Panorama may stack up
With gritted teeth I hit the sold button @ 1.05p taking a 50% loss. Maybe I have made the wrong decision but by the trading going on today looks like it will stabilise at 0.90p, and stagnate at that level. Disappointing that Newmont withdrew when so much potential. Having a punt on TERN to try and recoup. Sad day, but that's trading for you.
Trading platform at II has been down for ages and they don't have a clue what's wrong; no updates on-line or on phone messaging, They really don't have a clue how to respond to such problems. Blinking hopeless.
How nice for 👁👁👁to perform scheduled works on a Monday morning! Having had all weekend!
I dont see why they don't just abandon the whole crock of slippery brown and give their Accounts over to Guardian or some other infinitely superior crock of slippery brown! The functionality and service just continues to deteriorate further on an almost daily basis.
May i suggest that to have such a message come up as a default when inherent faults continuously occur shows nothing more than contempt for their customers.
Tried to buy at .68p this morning. It was at 1p by the time i got past the flawed log in page! I guess my suggestion last week to pay in raisins instead of peanuts just fell on deaf ears!
Sorry about the slippery brown but apparently the more colloquial term is inappropriate !
And your point is what one4all?
I sold half at a great profit ( I even commented on this board when to buy in Jan 2017 and what levels to sell in October 2017 and have my remaining half left, still at these prices its showing a 245% increase. Any other tips? Sorry you did not share the ride.
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