Thanks for ur thorts re chinese . yes makes sense and the statement you posted- only ran thro quick but looks good. Things I seen -mostly on MK who often has gold people on. "they" panicked when with Jap latest nonsense gold was at a new high in Yen and made huge ETF sale, but instead of scaring which was the aim ,the people in Asia started buying vast amounts of physical sending it up.Then the strong $ sent the gold price down but strong $ is a joke ? only cos the yen and euro devalued.The fundamentals will out and wall st down first time for 2 weeks helping. I think ABG is cheap and quite willing to wait this out and quite likely the chinese will back after the 6 months expires in July.
Research is good... It has only very little to say about the sp in the short term. I'm convinced the reaction follows the action. I don't think you can predict where a sp will fall or rise and buy/sell at the perfectly right moment. This implicates, that you have to have some ranges in sight, where you think a share is under- or over-valued. The rest is only about holding on and averaging down/up. I mean, when I thought at 240, that it's worth to buy it, why should I think, it isn't at 130? That makes for me no sense at all. Every time I followed this principle, I made money, and I lost it, when I didn't.
Thanks for letting me know i'm not twisted, although if watching deal or no deal i do have a little chuckle if someone wins the penny.. Cos its not their hard earned money anyway and a penny is a damn sight more money than i made out of this share over the last year :)
Micawber Principle, based upon his observation: "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
....Cash has multiple uses...it is that flexibility that is attractive and worrying depending on yr view of management and ownership
....price/cash suggests to me cashflow analysis EV/EBIT(D)(A) or balance sheet analysis (net net: CA-L)
...if we look at BS, the question is what to do with the odd assets and liabilities - here provisions; elsewhere often pension deficit
...it is v tricky stuff...which i don't believe the City guys/gels are that gud at...we all need to take a PoV
Absolutely right... IMO, when somebody nearly doubles his cash in a tough environment such gold mining in three months, can't be that bad. I still don't understand the stuff in the provisions... Do you mean, the provisions are lowering the cash in the sense they aren't included in the costs,which means,this number of 405 millions isn't relevant? I run my own business (which isn't gold mining) and when I have cash I'm feeling comfortable, when not, I'm feeling bad. I'm just asking, I really didn't get it.
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