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The increase in the price of gold IS the inflation you speak of, which is just the devaluation of Fiat currency against real goods (including gold).
Rock solid day of volume as well. That's 3 of the 5 biggest volume days over the past 3 months. The market is always slow to catch-up on commodity price moves and then all of a sudden investors start to scramble. If Au continues to stay at these levels, or climb higher over the next 3 months then I think we're going to be knocking on 20p very quickly. We just need a good company led catalyst to get some headlines alongside the gold price strength. Xmas looks to be coming early folks. GLA
So is the shareprice if you factor in inflation.
If you factor in recent high inflation then the real $POG is way lower.
Sorry to be party pooper.
I HOLD
(but nowhere near 4.5m)
I said gold at 2080 in a few weeks , might be at the end of the week this rate !
Gold shares tent to double quite quickly in the environment
Entirely possible we see 15P before Christmas , defo push on 13P tomorrow which almost certainly will be hit tomorrow morning if gold pushs on more.
But it’s crazy as 13.5 is where this dropped from on a forced seller so the price is ridiculous but will catch up on firm numbers. So much newsflow to come.
Can imagine 20P is easy from here as all gold boats rise into positive company news
Backing you up booboouberbear -
Citi Says Gold On The Cusp Of A Major Breakout That Will Send Price To All-Time High
https://kingworldnews.com/citi-says-gold-on-the-cusp-of-a-major-breakout-that-will-send-price-to-all-time-high/
BUCKLE UP: Silver & Gold Are Now In Blastoff Mode Along With The Mining Stocks!
https://kingworldnews.com/buckle-up-silver-gold-are-now-in-blastoff-mode-along-with-the-mining-stocks/
Back up the trucks for a run on USD$2075 and an all time high in AUX. With any luck this is a / the long awaited run on the multi decade long corruption at COMEX…the bag holder losses on all the ‘paper gold’ will be epic.
And now $2040.30 +$26 and rising
Gold price keeps motoring as it reaches $2034.50 +20
Anyone wanting to see what this hare can do with a fair wind behind it should check the chart from April to October 2020. Over this 6 month period the share price went from 9p to 20p. The Au price over this period was less than what we have now, but we didn't have a second mine with a production run-rate of 110k oz, net cash position, or anywhere near the same amount of defined resources (and still rapidly growing). We should be higher than 20p at the moment. It's only a matter of time before we breach it, and a short period of time at that. GLA
Live spot POG
https://www.bullionvault.com/gold-price-chart.do
$$2,030.51
Should be ready to go higher as since being at 12.20 v 12.40p
there was 400K buys for only 72K sales
and now paying full offer
Based on a statement in one of the Michael Oliver articles, SHG should go to at least 40p and probably higher. Read it and make up your own mind.
In that article about a $600 jump in the gold price, Oliver says, "I might be wrong on that but if I’m wrong it’s because the gold price is going to go higher."
What would a $2,600 gold price do for the SHG sp?
If Oliver is right, that will mean gold hits$2,600 just in time for Christmas.
Oliver is usually more cautious in his forecasts. In setting a deadline, he has put his reputation at risk, so he must be convinced that he is right.
King World News is bad for outrageous forecsts, but could the tide have turned?
In October, these were on KWN -
"Michael Oliver – Gold Price To Explode $600 Higher In 60 Days"
https://kingworldnews.com/michael-oliver-gold-price-will-explode-to-2550-2600-in-two-months/
"Michael Oliver: Gold & Silver Dynamic Trend Change – About To Go Vertical""
https://kingworldnews.com/michael-oliver-gold-silver-dynamic-trend-change-about-to-go-vertical/
Not KWN, but Clive Maund is a good forecaster - "Gold Market Update - MAJOR BREAKOUT BELIEVED IMMINENT..."
https://www.clivemaund.com/gmu.php?art_id=68&date=2023-11-19
Well lets be honest, the state of the gold mkt, the dollar debt etc there are an awful lot of problems china could cause the fed if they wanted to (some of which would be shooting themselves in the foot but they can)
There isn't a sector close to as undervalued as the gold mining sector right now - all of us heavily invested across this space should be feeling pretty damn good!
I have been following precious metals for the last twenty years or so and throughout all of that time there has been talk of a Comex default, most often via ZeroHedge. It hasn't happened yet.
Gold just broke higher $2022.
Possible reason is that China has put in a large order for gold delivery from the New York Comex to supply physical gold. If Comex can not supply gold then the metal has to be revalued so that China can import more gold from the global market. Yuan may possibly be backed by gold standard. (source was zero hedge earlier in the week).
F@ck me Au is going on a tear.
Nice to see some dividend reinvestment happening the past two days. I imagine we may have a little more tomorrow. If ever there's a time to drop some stellar exploration results then it's this week or early next week. If their timings are correct we've got 2 x sets of results (WK & NL) due in the next 4 weeks. And in the following 4 weeks we have the Sing exploration results, 2024 plans / targets, and some smashing Q4 results. I'm going with 14-15p by the end of January with gold staying above $2k and some decent assays. GLA
Been waiting for this to stay above the 11p resistance for a couple of days, have joined in today. Bullish on gold, we should do well here over the next year or so with a little patience.
It's a good point on the Au price Loggy. The number of headlines that will be generated on gold will no doubt cause a lot of money to start heading toward under-valued miners. It's not often that you see an all time high in a commodity with a strong near-term outlook. What many will note is that Au is likely to go on quite a run in the coming years as the Fed starts to taper interest rates. I think we could be in for a post great recession type rise that will take us to $3k. What people need to understand is that $2500 Au price means we're throwing off EBITDA that's the equivalent of our current mcap. If you add a growing cash pile plus the ability to generate another 30% production within 12 months you start to get some silly numbers even for the EV:EBITDA ration to remain at a stupidly low level of 2. Once they make the call on the expansion at Sing it will then be a countdown until we get to 25p. Here's some numbers based on 140k oz production run rate and Au @ $2k from Q1 2025:
Q1 2025 sp = 25p
Mcap = USD$315m mcap
Forward Ebitda (12 months to end 2025) = $115m (140k oz production, Au $2k, AISC $1200)
EV = USD$275m (based on 2024 USD$40m cash pile)
Forward EV:EBITDA = 2.4 (on 140k oz production)
This is why I find it hard to believe we won't be 25p in a little over 12 months. This also doesn't take into account additional oz across 3 tenements. ML at WK. Additional near mine license in Tanz (500k reserves). Or $30min VAT receivables. The t/o price in 12 months will need to be at least 35p in order to get accepted providing Au is $2k. If gold goes on a run like many are forecasting then all bets are off. AIMHO GLA