Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

5 Pages (Click to Jump) V  < 1 2 3 4 5 >   
 
  
Reply to this topic

ODY, ODYSSEY GOLD LIMITED
macdtrader
post Posted: May 26 2021, 07:13 PM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: nipper's post @ May 26 2021, 09:49 AM

I'm highly encouraged by todays announcement, the market not so.
The general market has got it wrong though. And its no surprise with all the newbie muppets trading it like its a casino.
And dont get me started on the shitcoin traders.

300m of strike. 40cm below surface and more visible gold.
Multiple targets, high grade hits.
This will be trading much higher in the future.
And it should be sooner rather than later.




Said 'Thanks' for this post: nipper  
 
nipper
post Posted: May 26 2021, 09:49 AM
  Quote Post


Posts: 9,176
Thanks: 2750


Scientists have been puzzled by the formation of rare hyper-enriched gold deposits for over a century.

Examples of these ultra-high-grade or 'bonanza' deposits occur in places like Ballarat in Australia, Serra Palada in Brazil, and Red Lake in Ontario.

Gold deposits form when hot water flows through rocks, dissolving very small amounts of gold and concentrating it in cracks in the Earth's crust, usually at levels invisible to the naked eye.

To fill a single centimetre-wide crack with gold would take centuries via this process, whereas these cracks on 'bonanza' deposits typically seal in years, months, or even days.

Studying the 'Brucejack' mine in northwestern British Columbia, McGill Professor Anthony Williams-Jones learned that these gold deposits form much like soured milk.

"Milk consists of little butterfat particles that are suspended in water because they repel each other, like the negative ends of two magnets," Williams-Jones says.

"When the milk goes sour the surface charge breaks down, and the particles clump together to form a jelly.

"It is the same with gold colloids, which consist of charged nanoparticles of gold which repel each other, but when the charge breaks down, they 'flocculate' to form a jelly.

"This jelly gets trapped in the cracks of rocks to form the ultra high-grade gold veins."

A 'colloid' is a mixture in which microscopically dispersed insoluble particles are suspended throughout another substance.

'Flocculation' occurs when colloidal particles come out of suspension to form small lumps.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mullokintyre
post Posted: May 24 2021, 10:52 AM
  Quote Post


Posts: 3,343
Thanks: 1176


In a trading halt.
No idea as to why.
Quite a few more buyers than sellers lined up at the indicative opeb price.
Perhaps those in the know have some good oil.
Should know by Wednesday.
Mick



--------------------
sent from my Olivetti Typewriter.
 
macdtrader
post Posted: May 21 2021, 01:11 PM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: macdtrader's post @ May 20 2021, 12:29 PM

Broker data looking good.
Biggest net sellers 2 days prior to announcement were Commsec and CMC.
Im sure it would look the same yesterday.

 
macdtrader
post Posted: May 20 2021, 12:29 PM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: triage's post @ May 20 2021, 10:41 AM

And I think you know better.
It's down bc too many people had the same idea (sell the news).
I sold the open after watching the tape and bought back in a little too high.
Too many retail traders caught here now, so likely to head lower.
I've got my stink bid in.

 
macdtrader
post Posted: May 20 2021, 11:58 AM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: triage's post @ May 20 2021, 10:41 AM

It's obvious to me it's a vein..
Lots of people spruiking rubbish regarding the nugget effect.


 


triage
post Posted: May 20 2021, 10:41 AM
  Quote Post


Posts: 3,899
Thanks: 1575


In Reply To: nipper's post @ May 19 2021, 03:06 PM

If I've got it right it seems they drilled through a nugget and tried to make more of it than they should have. Rox Resources did a similar thing a while back but subsequent assay results from there also showed that the hit was just a flash in the pan. The boss of Rox is guilty of a fair bit more than that imo but in itself over-blowing a drill result is a good way for management to lose the trust of your average punter.

Actually I had a bit of a look at ODY yesterday and it seems quite similar to Rox, both being brown fields explorers. Rox's main issue, other than an overpaid underperforming MD, is that it has a fair amount of resources, but some of it is complicated and none of it close enough to a working mill. I think I saw that Odyssey's Bottle Dump deposit is not that far from the Marda mine which Ramelius is hauling back down to its Edna May pit. But if Odyssey's ore is all stranded then it seems toppy to me (yeah, but I'm not an agile trader so I'm looking at ODY differently).



--------------------
"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog

Said 'Thanks' for this post: mullokintyre  
 
nipper
post Posted: May 19 2021, 03:06 PM
  Quote Post


Posts: 9,176
Thanks: 2750


In Reply To: macdtrader's post @ May 19 2021, 03:02 PM

14.5C ..... weird. Commiserations.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
macdtrader
post Posted: May 19 2021, 03:02 PM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: macdtrader's post @ May 19 2021, 10:20 AM

That didn't work out as planned devilsmiley.gif

 
macdtrader
post Posted: May 19 2021, 10:20 AM
  Quote Post


Posts: 287
Thanks: 21


In Reply To: mullokintyre's post @ May 19 2021, 10:01 AM

I just bought more at 17.5c

 
 


5 Pages (Click to Jump) V  < 1 2 3 4 5 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING