China Nonferrous Gold Share Discussion Threads

[mattjos] 23/4/2020 21:32

2,000 sold v 2,769 bought. Closing price merely a function of the auction. There was a buyer in the auction but, no seller to oblige

[dhb368] 23/4/2020 20:16

Yes. A grand total of £712 traded all day. ?

[ironstorm] 23/4/2020 19:38

Looks like a classic sell at the close to stop it posting a big jump. Does the volume support someone accumulating?

[mattjos] 23/4/2020 15:48

a little probe at 14p now .. just to see how it reacts by the look of it

[mattjos] 23/4/2020 12:50

Gold now at $1,730. Despite the rise, virtually no sellers still.
Looking back on the chart and the volume, most seem to have been flushed out I do think most of them got flushed out during the drop under 11.5p.
Market now paying sellers 11.5p but, no one selling
I believe it will have to go higher to find any sellers .. likely to the 14-16p range before anything is freed up

[ironstorm] 22/4/2020 19:31

Mattjos think you are right that this is still the foothills of this push forward.

I don’t really want anymore gold stocks in my portfolio at the moment. But I am feeling the pressure to add to my tiny position.

Helps with a profit in around a week 🙈

[mattjos] 22/4/2020 17:59

Not a lot of sellers about. I believe most got flushed out under 9p.This had a classic 3 wave advanced last year and then followed by a classic a,b,c re-trace. Waves 1 & 2.This should be the 3rd Wave .. usually the longest and strongest

[fozzie] 22/4/2020 16:57

Slowly slowly catchee monkey. I love it when a plan comes together.

[dvwrd] 22/4/2020 15:23

Offer 14p now - momentum seems to be building with good steady progress for the last two weeks.

[mattjos] 22/4/2020 14:18

the herd probably won't arrive until we break past 22p so, still some more time to accumulate down here

[mattjos] 22/4/2020 14:11

break from a falling wedge and big deep Inverse H&S on the chart. Target much more like 40p, imo

[mattjos] 22/4/2020 14:05

Yup, something like that IS. Interims will be out in September but, I think we'll go nearer 40p by then

[ironstorm] 22/4/2020 14:01

Looks to me like next stop 15p.

With a following wind (pog?) straight up to 30p. By Sept????

[mattjos] 22/4/2020 13:57

Gold now $1,711

[mattjos] 22/4/2020 13:56

Breakout clear as day on both Daily & Weekly charts & starting to gather pace now:

[eke] 22/4/2020 13:47

Morning from here...All well thank you.Gold at $1700.Gas at $1.65c.Roads nearly clear of traffic. ? and 85F nearly perfect.Like all Peeps just patiently awaiting the Results....can only be positive.

[mattjos] 22/4/2020 13:01

afternoon eke .. hope you and family are well & safe

[eke] 22/4/2020 12:55

Im watching from Tampa.

[mattjos] 22/4/2020 12:47

the thread might seen quiet but, the Flag Counter i put on it shows me otherwise with rising visitor numbers and locations around the world

[mattjos] 22/4/2020 12:45

i agree Bazboa ….. $1,700+ Gold is absolutely terrific price for us. Beyond even the most wildly optimistic of price forecasts for Pakrut.

I really have no idea why peeps are so obsessed about the debt levels just now.
This is a now 50,000oz/year gold mine with 19 year mine life. You can't build these for pocket money. Perhaps people would be happier with nigh on 2Bn shares in issue and a sub-1p share price instead?

Once management have FY results available, Gold at $1,700+ & global interest rates at just about Zero, management will be in a helluva strong position to restructure the debt at cheap, cheap rates - particularly with CNIM as the backer & with Phase II (100,000oz) already funded and underway.

I just keep buying at these levels

[bazboa] 22/4/2020 12:34

Matt, all we need now is a little bit of interest and this will move very quickly.

[mattjos] 22/4/2020 12:20

keeps strengthening online.
Now 11.5p v 12.96p for 50k either way.
Max you can buy at indicated Offer price is 20k

[mattjos] 22/4/2020 11:16

Gold back at $1,700 today .. another 136 ounces each & every day from Pakrut

[mattjos] 21/4/2020 15:51

notable uptick in buying volumes today (185k).
Anything more than 20k & price is above 12.9p to buy now