2020 Spec Gold Pick, page-58

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GoldBugBob

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21/01/20

20:55

Post #: 42501035
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Originally posted by PovertyBoy: ↑

Hey Im not opposed to what your saying. Lets say they get 6 mill for the potash tenement. Then we likely bag the day of the annoucement.. basically you can choose to hold em or fold em for a nice tidy profit.. take your profits and go look for another Disallowed potential... fricken awesome.

Thats great for us, and if it happens whoppeee as far as Im concerned..... however if you have significant skin in the game you are not looking at the company in this way... i.e you are not going to flip your entire holding for a bag, because of say liquidity issues and the effects that has on price, or the fact you perhaps need to hold some skin or you may get flipped outta of your board position and lose your seat on the board (yr job if your a director).. So you hold through the rise as a director, maybe gift yourself some close to the money options, sell a few parcels, go buy a yacht/take a liquid lunch or two with your liquid profits.... and then you wake up 6 months down the track feeling sick because that exploration plan was promising but in the end not overly fruitful.. so you raise cash, but struggle to get the numbers... and when you log into hotcopper now people are calling for your head and maybe a class action if you tried to shuffle your money out the back door as the last of the cash went down the gurgler....

O.k -thats depressing as hell.. and Im not here to relive past investment experience with you guys.... But as a strategy my guess is GTE management will wait until APC get an offtake.. its material for the tenement. Like APC could well double and at this point if GTE hasnt moved APC mgmt might scoop it themselves with 2× the power on their scrip..
And APC is close here.. I can feel it in my water.. 2nd qrt latest and they will have secured an offtake.. (they have loosely said last year 1st qter this year- let em breath guys).. hahahaha

So my suggestion is to get APC on the watch list and check for abnormal volume to buy here.. of course you would have to expect SO4 will be there right now offering GTE a deal of some kind.. And if management are smart they could win us a bag there and free up some cash for exploration at the same time..

You have to remember that unlike gold and base metals where prospectivity doesnt ensure success, the potash is more than likely on our tenenement.. which means it will hold its value, and the directors will keep their jobs..

So to sum up I think we might be slightly early ladies and gents, but as mike burry once said "we might be early, but where not wrong."

A little patience maybe required but this is easy money and you never know when that annoucement will come..

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PovertyBoy I am in GTE for the gold exploration I think they have a potential VMS
Gold exploration and proving up something exciting to the market is alot quicker and cheaper than potash
The potash looks like a sure thing because we know SO4 grade right at the boundary
But GTE only have the funds to pursue one properly and with oomf
Selling the potash for $6Miln and having a fully funded 10000m drill program and no dilution for next 2 years would be a A+ result from management
https://www.asx.com.au/asxpdf/20191206/pdf/44cbzmcr7ljjc4.pdf
SO4 is cashed up with debt facility so is perfect suitor
The market mover here will be something from GTE saying the potash is a go ahead and they are looking to make someone else fund it
Start a bit of a bidding war between APC and S04 by publicly putting it on sale

GTE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
10 Upvote

3 Great analysis

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Last 5.8¢		Change -0.003(4.92%)		Mkt cap ! $20.18M

Open	High	Low	Value	Volume
6.2¢	6.2¢	5.8¢	$17.31K	289.1K

Buyers (Bids)

No.	Vol.	Price($)
2	29553	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	50000	1

View Market Depth

No.	Vol.	Price($)
2	29553	0.058
2	147757	0.057
1	85600	0.056
1	22000	0.055
1	50000	0.054

Price($)	Vol.	No.
0.060	50000	1
0.063	30000	1
0.064	100000	1
0.065	87666	1
0.066	128196	1

Last trade - 14.46pm 07/05/2024 (20 minute delay)


Last 5.8¢		Change -0.003 ( 4.92 %)
Open	High	Low	Volume
5.8¢	5.8¢	5.8¢	10900
Last updated 14.34pm 07/05/2024 ?

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2020 Spec Gold Pick, page-58

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