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Yes agree ABLE there other attractive gold miners. This is one of my pension pots...had a fantastic run over the last few years. So banking profits and taking risk off the table for a bit. Going to sit on the sidelines...think next few years will see more volatility in the markets!
facester I am surprised at this being your only stock as there are and, have been other junior mining stocks that offers substantial upside once gold takes off. I do appreciate the risks involved however, I do have to say that I spread my risks in the junior mining sector on producers and I have no reason to complain.
$1500oz is enough to justfy a valuation of £1.5bn for POG imo.
I'll be happy if both gold and pog sp consolidate at current levels. Then hopefully a push up in april when pog issues its financials. This is now my only stock...dont see much value in other equity sectors. Thinking about bonds...with inflation falling interest rates unlikely to go up so could be good for short dated bonds. But bond market doesnt always act rationally just like equities!
If your $2000 per oz prediction comes true then POG along with most of the other gold miners I am invested in will greatly increase in value. A very comfortable retirement beckons.
kenj understood but essentially they will be very cash rich if my prediction comes to fruition.
To the tune of $700 million if Gold does what I expect.
Tech markets are rolling over I think this coronavirus is worse than china is letting on
Debt profile changing rapidly. Debt to market cap will be well below average soon as is debt to EBITDA.
What you don't seem to get is that POG's business is on the rise and very quickly. Once you can earn you can service the debt. It was touch and go which is what sent the share price to 6p. Now it's a very different story.
"$700 million profit - Thats debt paid in a year"
I don't think that you are getting this Topsharepicks!
POG's loans are fixed term. There is no provision to repay early. So it is immaterial how much money POG makes next year. There is also the small matter of $51m PA of interest on these loans ($40.6 PA on the $500m bond, and $10.3m PA on the CB's).
We would have to pay up three years interest to pay off the $500m bond. So it would cost us almost $622m to pay this off; the same as it would cost to let it run its course. POG can make this money work for us, as I said in my previous post. Paying it back early plus paying the three years interest makes no economic sense.
They WONT be debt free in 12 months. They cant repay the bonds until 2022 and 2024, and you can bet the holders want their coupon.
As Kenj said better to buy refractory ore process it and make even more profit while the sun shines.
oh then theres the Coronavirus...……………… if that went bad I mean really bad with 100+ million gold could do $5000 per oz
70000oz X $5000 = $3.5 billion
This tech bubble went much further than I initially expected BUT I believe its very close to a pop
POG pour 700koz next 12 months = $1.4 billion
- total costs production $700 million
= $700 million profit
Thats debt paid in a year
I believe Gold could break through $2000 simply because if you look at what gold did 2000 dotcom crash TO YTD
You can see there was a massive move into gold.
This entire market looks like a BUBBLE forming and I can see big moves into gold these next 5 years.
$2000 per ounce possible much faster than folks could imagine.
POG would be debt free in 12 months and doing 700koz with gold above $2000 would see a share price 10 to 20 times higer than today minimum
THATS MY BELIEF your welcome to yours.