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who will be the most far-sighted
Let's wait 800 million capitalization, or 24.40p
Unlike Barclays, I give my wacky method : capital benchmark of Eldorado Gold x 2/3
I would prefer POG fundamentals compared to Eldorado Gold (+31% last Friday)
Its funny waiting for POG to recover seems like a short time when in truth iots been four years and I've lost my sister and mother in that time yet it all seems like a few weeks ago. The point I'm making is its been a long dour experience yet it came good
Hi Rusty - I keep abreast of the comments on this BB, just very little to add at the moment. Besides POG only represents about 5% of my SIPP value right now not 25% as it was after the RI in 2015, so less of a concern to me. No regrets with my sales - I still have 200,000 shares but I'm also monitoring holdings in SHG / HUM / AAZ / AAU / TSG / SLP / CMCL & SRB now. Also some 'flutter' punts on EUA / SOLG & JLP which I think could all multi-bag more easily than POG in 2020.
No doubt, POG does have a reasonably positive story right now - but after the woeful over-estimates that PH & PM gave for production from 2013-2017 I'll wait before deciding if the 620-720k oz forecast for 2020 is realistic. Also 25% of enlarged share capital is still going to be taken by the Convertible holders at 10.7p and I just checked to see that IRC is back trading at almost its lowest level ever, so that $240mm guarantee doesn't look to me to be any less of a burden.
Lawrence has undoubtedly made a few bucks more than me on POG, but whilst he was probably a little panicked at the start of this month when sp went from over 18p to under 16p I was watching my diverse set of gold miners rise in value every single day.
My holding in HUM is bigger than POG right now and HUM hasn't even re-tested the highs from Sept '19 yet, even though the results and news have been ever bit as positive.
Sorry other RB didnt see your post before I posted. You have answered my question, I think,
Amazingly Mr Retired Banker has been very quiet, I wonder whether he is regretting those sales. Always good to be able to sell and buy back at a lower price, but this is pog, in the older days 10% swings in a day were the norm. I hope this can get to the heights it was once at, Market capitalisation, not share price, as that is unrealistic after the rights issue. But prepare for the know it alls to come and try and take over the board if the price continues up. All the best POGGERS.
Retiredbanker,
So POG at 20p. You said you would sell up at that price. So are you out completely now?
It's not often that 2227 and I share the same perspective on POG ... but I have to agree with him that Barclays "technical" analysis is complete B******ks. This stock hasn't traded at 19p or 23p for atleast a decade - so there is nothing on which to guage "so called" resistance levels - this is merely an overpaid and underqualified junior analyst spouting c**p.
... but the surge in Gold Miners is working wonders for my retirement income atlast !
Gold price is the only thing that matters with this share. Charts have nothing to do with it.
Resistance 1 = 19p Resistance 2 = 23p Barclays Comment: Bullish in the long term, although it must still break above the resistance at 19p to slightly improve in the short term. Technical Comment: BUY