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FM3 firstmac mortgage funding trust no. 4 series 1-2020

yea thanks again brother for all your posts. Just looks like...

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RedKing16

500 Posts.

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18/02/21

20:10

Post #: 51134197
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Originally posted by Corgi: ↑

Re BGL, it is an over reaction from the market. The released the announcement with the intent to show the progress and improvements from their FS and if people read it properly, they'd recognize that this is just the first pass and that there will be improvements based on current and recently progress of drilling and resource upgrade. They are taking it at face value at the NPV based on the initial study is lower than expected? Massive over reaction! tbh as it was always expected to be in that range.

Who knows short term where the price will end up brother, SP could go anywhere, though i hope it would stop falling because because i wish i could have bought at current prices instead of paying higher...

You'll never seen it coming and a retracement back to higher prices will happen over a day or 2. This well test the conviction of alot of retail holders, the ones that have the ability to hold the longest will end up doing well and trust me there won't be many as i suspect many would have sold or been selling at a loss out of fear. It's easy to ride the wave up. It's not easy being the few that still believe in the sector.

Can't control the market, but, I will share all i can with you lot and feel free to ask me any questions you may have.

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Originally posted by Corgi: ↑

@Noobtrader1 @BrettVadar @RedKing16 @ASXO

Broker report from Monday, retail net sellers again. Can understand some getting a little spooked. We've even had a few on the other thread that like the company but selling at a loss out of fear based on the POG Senitment.

I'll provide more update during these volatile times

I want to highlight a few things. The price smash down isn't anyone dumping gold. Infact, the demand for the physical is strong as hell. Appears the buyers wishing to take delivery are now using the EFP mechanism and arranging for the physical from the london market now and no longer the comex... Interesting... Signs of a supply problem.

The COT reports from the CFTC reporting up to this period is a lagging report, so i'm not going to have the data for the futures trades up to today until another week. You can see based on the chart below and the slam down was based on relentless volume. Basically dumping in an aggressive manner to take out all the buyers to make sure the price falls.

No one really talks about this on mainstream media and even youtube. They prefer to assign some narrative as to why the price is falling, but it's simply due to manipulation from the bullion banks. I guess they can keep doing this forever, but, at some point they are going to be the ones left holding all the short contracts with no gold to deliver if the delivery volumes remain high.

The market is ugly at the moment fellas, i hope you have strong stomachs.

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yea thanks again brother for all your posts. Just looks like incredible buying at this price but who knows now how far we will go down. Time will tell. I’ll be holding as still well in the green and it’s only a matter of time until the SP wakes back up due to the positive gold sentiment returning to the sector. I wasn’t impressed with the PAC wrote up tbh. Thought it was pretty patchy and under done. But ya get that. Hang in there men.

FM3 Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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