Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I've just received another email from Peter Schiff - "Gold is on the launch pad". I've been getting his emails for, it must be ten years or not far off, and it's always about to take off.
Look at this bull**** on KWN - "Ignore Volatility As Silver Is Preparing To Explode Higher" - it is always "preparing to", "about to" - but it never happens.
I know we've had a steady rise to $2,000, but these people go on about $2,500, $5,000 or even $10,000.
Take the "Big rise soon" \ "Gold price to rocket" type of articles with a pinch of salt.
Shanta holding flat, HOC and Hummingbird are up and everywhere else is heading down in gold sector. Not sure how they can sell or buy anything above 150,000 here and must be a broker to broker call.
Recent shocks in global banking have altered the script on growth, rates, and ultimately precious metals prices. We now forecast the gold price to eventually break its previous record high and target USD 2,200/oz by the end of March 2024. Hence, with uncertain times set to continue over the year ahead, we recommend holding gold as a portfolio hedge.
Source: UBS (Switzerland), 2023.
Those 2.4m worth buys indicates Q1 and Shanta should be really good going forward
I would have expected the Share price to jump higher with these mil buys…
Has to be a buy because there has been huge support and bid at 13p hence the reason now I see.
Spread is so tight 13 13.03
it is showing as sells ?
1m and 1.4m trade
No wonder the bid held up strong at 13, knew someone was buying in size, hence the strange trading behaviour. Someone has confidence here
Yep gold junior miners this year then next year other Metals esp silver.
In my opinion, rush to gold is going to accelerate over the remaining in 2023, particularly as global growth is expected to slow.
Shanta progress looks good to me and might be a possible target for a takeover offer once again, as it proves its potential.
Gold to $3000 and the S&P to 3000.
So far the gold mining indexes have hardly moved and recovered 0.5% or half of what they lost yesterday. HUI ARCA looks like a top formation is in. Confirmation should arise over the next week or so. Gold ETFs giving a similar picture.
A lot of games being played as options expiry date on equities tomorrow. We did get taken out of one down channel on gold, but it may now try and form another. We shall know for sure by close of USA market today.
Considering the "puke" from yesterday on surging rates around the globe, its quite something that gold isn't budging despite what is being thrown at it in terms of US Yields and DXY.
What a rollercoaster in the gold price here!! Shanta should move up accordingly
@ 09:23 - Whilst it took longer than expected I anticipate the Kakamega dome area developing along similar lines to the Kabompo dome (AAL/ARCM JV announced today). I seldom add anything to that bb although holding a fair-sized chunk of stock.
It would be a surprise if WK was not part of private conversation with Jhb miners at the CT indaba.
West Kenya (WK) Shanta's Kenya project in resource stage.
Would somebody kindly explain the meaning of "WK", please? "Week" obviously does not fit the context.
I agree, Eric knows this is his chance to gain credibility back in the market after the guidance miss.
I know that a lot of investors will be watching closely and also on Singida.
To the here and now, the funding of WK is meaningless to the SP.
All that matters is a positive operational Q1 update.
Eric said they are having a workshop with some big names regarding WK, if they went into a JV where a partner would put most of the mine costs upfront this would leap Shanta right up there, I believe this is Eric’s plan and with gold prices this high, many suitors will be lining up
To which might be added the $20m Stanbic loan is a 5 year loan repayable over 4 years starting this September ie $5m per year. The $4m Stanbic overdraft facility was upped to $10m in January and at 31 December 2022 they had only drawn $3m or $3.5m (depending on which of the alternate figures presented in the accounts you want to believe). They have plenty of time to repay the bulk of the borrowings and have got good short term leeway in terms of overdraft facilities.
The issue on debt/funding is really WK - how are they going to fund that? I think when we have more clarity on that that should help the share price.
Getting this vat back is taking some time imho but in the scheme of things profits rising so debt is being reduced imho