Thanks for your excellent post. Cheers.

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MarkyBoy49

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25/01/23

12:20

Post #: 65874007
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Originally posted by DavidW: ↑

Marky, I think the resource has been sat on for a long time, and I suspect there were people in the know that bide their time for control over a long period and I refer to the lost core knowledge. I have referred to deeper holes in the past and have a basic understanding of geology and been in and out of both companies for over a decade based on TA, and so I am just waiting for the opportunity for the value stored in the ground to be realized. Its certainly been a long game. Examples of tactics can be seen in the book, "Trading in the Shadow of the Smart Money", where it sometimes took very long timeframes to implement plans. People's memories are short, so tracks in the butter go unnoticed.

If we think about the financial system, there is such a thing as the 30 year Bond, so forward planning much like Asian planning, is a long strategy for some and not just a mere 5 year plan to bring large projects on stream. There is also a scenario that people with prior knowledge were not in a position as younger men working in the industry to have influence on decision making but knew the potential. There is a fair sprinkling of old geologists now at the helm in both companies. Go figure.

In the here and now, the cat is out of the bag, and you make very sound points with regard to the metallurgy and grades. That will suit traders and investors now. Lets hope the new GSR team have sound negotiating skills to position long holders to get their entitled whack. After all, they are charged with looking after shareholders' interests. Undoubtedly, the recent accumulation period has played into the hands of some with regards to MTJV given the leap out of the blocks of CNJ following drilling results. Yes, I will take it, because it improves GSR's current position and future value. So let's get on with the show.

GSR is a stronger long term proposition with gold for me. A spun off IPO for MTJV that looks after GSR holders will be a good thing if it eventuates. Not even the market makers can wait forever given the cat is thirsty for milk. The timing is right in terms of the market cycle. Good luck.

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Thanks for your excellent post.

Cheers.

GSR Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $13.73M

Open	High	Low	Value	Volume
1.0¢	1.1¢	1.0¢	$44.82K	4.382M

Buyers (Bids)

No.	Vol.	Price($)
4	538844	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	896079	6

View Market Depth

No.	Vol.	Price($)
4	538844	0.010
1	1000000	0.009
8	4740875	0.008
14	7435006	0.007
13	3856474	0.006

Price($)	Vol.	No.
0.011	896079	6
0.012	1225000	4
0.013	2495000	3
0.014	850000	2
0.015	500000	1

Last trade - 13.51pm 06/05/2024 (20 minute delay)


Last 1.0¢		Change 0.001 ( 11.1 %)
Open	High	Low	Volume
1.0¢	1.0¢	1.0¢	100000
Last updated 13.51pm 06/05/2024 ?

GSR (ASX) Chart

Thanks for your excellent post. Cheers.

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