Teddy, DYOR but if my average was 83c (or is it 0.83c? less than...

Teddy, DYOR but if my average was 83c (or is it 0.83c? less than 1c as you often quote), I would take this opportunity to average down, after all, you can double your holding with 1/10th the cost and achieve a 41c average!
As alluded to above, my timing will be based on the payment of the final consideration for Springsure. I will however begin to acquire parcels soon with an ultimate aim of shifting the majority of my portfolio into this stock (>500k shares), as I believe downside risk is minimal and talk of cap raise is nonsense, a company this far progressed can easily raise debt finance if required.

the chairman alliance will not allow the rocket launch until the 15% clause is approved and the final payment terms agreed.



At 8c or below, the $9m final payment equates to a minimum 112m shares, which is conveniently below the 15% threshold (over 700m shares on issue now). Should the trucking permit magically appear-and production donkey'd away, the share price could easily rise to the analyst estimates of "outperform with target price of 15c". At that price, the chairman alliance will only receive 60m shares ($9m consideration/0.15). My fair value for GUF share price estimate based on the current depressed coal price is 30c as I said above, which would mean they would only get 30m shares. Why would they let this happen? they did not go to all the effort to insert this 15% clause and structuring the 3 tranche payment deal for Springsure (CONTRIVED RORT RORT RORT) unless they intended on using it all! 112m shares and owning another 15% of your company is the no brainer decision. So, the rocket launch moment for GUF share price with approved permits etc will have to wait.....no surprises there - promised by qtr1, yeah right....

You have written about holding back disclosure, no entity can conceal that sensitive info without leaks, esp when rec'd from govt sources (Mongolian). It is also against every asx mandate (continuous disclosure blah blah), so can never happen - DIRECTLY.
Chairman et al are smarter than that, they'll delay crossing the t's and dotting the i's on the applications, and can easily send any "application fees" via courier "UPs go NO where" until the above and more is achieved.

As also alluded above, Im actually looking for a similar trading day leading up to the 29th Nov, when the price was mysteriously driven down to the all time LOW, to bring the effective weighted avg price down that will determine how many shares they get issued for the final consideration. That's OUR CHANCE to REALLY LOAD UP. That is my trigger, make it yours too.

They own this stock. but it has to come good, as they own far too much of it. BUY with confidence, and do it when the final payment is being orchestrated. that's the delicate balance when, if your like me, you have limited info to go on, as the chairman alliance has always drip fed scant info to us.
Our insight ultimately comes via the daily volume and price action which doesn't lie, it will give the timing away for us. When volume spikes and price dips - BUY BUY BUY

This will bear fruit, watching it like a hawk. Soon to be "position held".