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Well done supercharger know easy task and Dad is lucky to have your support, wishing you both best wishes. Lovely to hear on all points
Just noticed lead time for physical gold has gone up from 1-3 days to 2-3 weeks! POG only going one way and we shall soon be back above £2.
Thanks Razors. Before the last production problem I was seeing 250 this year and 300+ at some point next. Depending on the scale of the production issue (21 Oct will be interesting), the life of mine report later in the year, POG and of course what production is called for next year, I still reckon we could move to between 250 and 300 next year.
Sorry correction the broker was Jefferies Financial not Librium and the target was 240p, not 290p
Typing into the night zzzz
In the short term I have just agreed to purchase a commercial property so the answer has to be yes but I believe in the medium to long the answer would be more inline with no especially with Librium having recently had a £2.90 target albeit gone due to the recent situation.
No idea. Lack of imagination by his speech writer I guess.
Would you let your CEY shares go at 250 if it meant you were out of any rises beyond that?
ElProfessor he can have it for half price at that money!
I wonder what his thinking is behind repeating the same rant, still it can’t hurt the sector as that kind of view keeps investors interested.
Shall shall we tell him about CEY and tell him it is his for £5 a share?
Someone posted a few days ago that the Barrick Gold ceo had said in a virtual online African gold conference that they were hunting for single mine companies producing 500oz or better per annum.
Just crossed my mind he must have his conference speech mesmerised and learnt off by heart because he said exactly the same thing a year ago...
For sure I’ve heard his remarks word for word in the past.
According to KITCO there was a strong support line at 1927 so great to be through that for the weekend. They are showing the next one at 1950.
Seem the Democrats and Republicans are narrowing their differences for a further stimulus in the US. Would not be surprised to hear that announced in the next week. That could be the boost we need for gold.
Thanks. And yes I have plenty still in here for the ride back up. Delighted to see a weekend close at just over 1930. Here's to back to the 2000s and beyond. Great to hear you are doing well with FRES and HOC.
Good luck with the caring responsibilities.
Looks like you had some foresight to keep some in here. I see the commodity prices have risen quite sharply tonight. I can see the Gold prices rising back up to 2,000oz at this rate. I see Silver tonight on catch up is currently up over 5% today which will help my little spread across my other holdings in FRES AND HOC. -GLA.
Mike I care for my 92 year old father too, (we lost my wifes Mum recently) (I retired early to do so) & have stayed retired despite offers to go back up to the smoke, money is not everything but it helps & so I know how hard work it can be looking after the olduns -although I am not getting any younger either. Take care.
Thanks Tibbs we know so little what goes on.. With too many noses in the trough.
Any way Tibbs great to hear the inside track, appreciated... Do you still have contact with the man on the train....
And insightful posts from so many to name Prof, chowican, marmot, dasut, the lists goes on. . Very lucky to have an exceptional board including some great additions by siko etc
Have a great weekend all
Keep it coming Cowichan!
Nothing wrong with your post, all true and to the point, you expressed what so many are afraid to, the Thursday night pots and pans rattling to save the NHS, what a great diversionary tactic from a government which knew after two decades of Tory sly selling off was no longer fit for purpose i.e. to carry out scheduled operations and treat the people with Covid-19.
People have been paying their national Insurance for the NHS and should get the treatment as and when they need it, but under a freedom of information request I found that George Osborne had pinched £2 billion from our national insurance fund towards paying off the National deficit!
There was an online petition to but it only attracted 175,000 signatures and a million were needed to force a debate, my Tory MP refused to help, what a surprise.
What next do we apply this policy of not using an emergency service to in order to preserve it, don't call the fire service they might get burnt, instead bang saucepan on your head whilst your house burns!
There you go a rant from me !
I was speaking to someone in the know and they assured me the Sukari problem is being sorted the right way, they will get to that high grade gold, so stay strong!
in the past decade, 30% of global gold discoveries have been made in West Africa. The region has a “phenomenal discovery rate” and a strong record of seeing projects through the exploration mining life cycle, from discovery to production...
It has the highest gold growth-rate in the world, with more than 250-million new gold ounces in mineral resources and 110-million ounces in reserves generated in the last 25 years.
Most of the more than 40 mines that have come on-stream during the past 25 years are exploiting shallow openpit oxide resources, with the upside underground potential still to be adequately assessed...
much of the region can still be considered “immature” in terms of gold exploration, as it has “untapped gold potential” with many areas being underexplored, says Robertson.
He stresses that “it is still early days in West Arica” and that significant discoveries are still being made.
Thanks Tibbs- I missed a few words here and there which would have improved the flow of the content of my little rant (I dont do little boxes to input very well. I must proof read before sending/rushing).
It will be a hard winter for many with many shielding again I suspect ...but we must endevour to support jobs and businesses alike and provide some normality.
Back to Cey- Not sure I am looking forward to the next update/solution to our production here's hoping and more importantly the licenses had better be good.
It is really about time the court case was resolved the only positive is possible protection against takeover? I would like to see us in the high £2.00 at least.
Best wishes to all
I don't disagree with you at all. I see CEY moving up from here. I am just over concentrated here as I keep buying on pull backs, failing to sell when it gains and then buying more when it pulls back again. I bought 10,000 more at 147 to replace 10,000 I sold on Friday at 180 in the slide and then 10,000 earlier in the week at 157. Today was just a day trade because I felt we were not keeping pace with gold. Never intended to take the risk of holding over the weekend so delighted to have made £2k on this undervalued but highly volatile share.
Will Mick McConnell support? -As reported per Bloomsberg on Fox news.
I still see this as a buy. I did it the other way around and have come in for some more I cannot see the Fed not acting even if the Stimuli is approved it will be of limited value before the election. Do you feel Mr Trump has finished yet? The uncertainty will continue in my opinion. Still glad you made something today it all helps.
Small Algo sells are a popular way to manipulate the market , easier to sneak under the radar!
Agree with everything you say Mike,
Our government thought it could deal with this by employing the likes of Cummings (on a huge retainer no doubt, 20 years ago lower ranking local government freelance consultants £900 a day, plus expenses) and baffling the public with political rhetoric and frankly utter bull*hit
The economic and other health issues created as a result ogf lock down will linger on for decades.
However one voted on Brexit for Boris Bull*hit and his Buffoons to proceed without a credible exit strategy whilst the UK us suffering under the yoke of ever changing Covid policy is a complete madness, arrogant and displays a shocking disregard for our younger generations futures.
I have friends in the motor industry they all think that spare parts prices for vehicles will likely increase after Brexit by around 20% or 30%, Mitsubishi is planning on pulling out of the UK if Brexit goes ahead , so one of my friends says he will have no choice but to make a third of his staff (20) redundant in order to keep trading!
Incidentally I don’t know if you are aware but out of 200 zoo and animal related wildlife attractions who applied for government financial help under Covid-19 measures only one was successful!
The National Lottery gives no funding to any animal charities and yet look how animals have enriched individuals lives, possibly prevented mental illness under lock down.
Our government stinks, it’s as unfit for office as Trump, but they are afraid of bad mouthing from Farage the man who doesn't believe in a strong Europe but is an MEP with dual citizenship and married to a German!
So when compared to the utterly depressing state of affairs the UK , a problem with a Sukari pit wall is nothing , the gold is still there and will be got out at a later date, guaranteed!
Just chickened out and sold the other 25,000 at 163 given gold fell back to 1925. Still expect 164 today but happy with my 2%. Trying to learn not to be greedy. Hard lesson!