The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Not surprised at this move....
Fires out
PoG bullish, dollar weakened on GDP miss
Close to commercial production
Half decent trading update
Placed at 88p
Metal momentum!
Buyers returning on a change in sentiment. Still early in the cycle but likes of SGZ has bounced out of its basket! Imo we are due a similar run here.
I think peeps will soon associate £1 as a new floor. Shouldn’t take long to get there as it moves lots on relatively low volumes
Usual caveats
Trek
75p BUY
Looks like the Yanks are onboard ...
$1,828
Yup, this is about as early as I would expect the PM miners to move but they are moving - the next couple of years are going to be stellar IMO.
Volume is low all around as sentiment is so low but when these start moving and Gold/Silver are seen to have definitely bottomed - which is right now IMO - then it's going to pick up real quick.
Weaker dollar....at last !!
https://www.marketwatch.com/investing/index/DXY
Gold/Silver flying :)
Nice spread :)
Bottom IMO.
Its small investor capitulating IMO, it does look carp though. Just hanging in for the buyout...for what it's worth.
;)
Wow, that's a lot of sellers at .6285 all at the same time 18.54. We are f©cked.lmfso.
Looky looky ...
Christo,
For clarity it is the 8 Zone not the 8th zone.
This is not the only source of higher grade. As the mine plan clearly indicates that the first year of mining will result in lower head grade but as we get into year two and three (not in the 8 Zone at that point in time) the grades increase to around 11g/t.
True they have been a little shady in their practice but does not everyone sell on the high (except me underwater in all 15 of mine).
You shouyld also be aware of the pending resource estimate update that will include (or should) Russet, Wedge and the others.
Troajan,
SGZ is another shocking example of mismanagement, where shareholders will never see any dividends from their investment.
In WRES the CEO has been buying a lot of shares recently, so I think the jury is still out.
It never crossed my mind that Eric Sprott will get involved with such a bunch of clueless and shameless folks like PUR, but there we go. He will have to wait same as us for years, to claw back some of his investment if the 8th zone doesn't meet the expectations, because lets face it-from the current reserves of 1.2mln ounces, and 12 years LOM we won't get our money back in the form of dividends. Too much debt and warrants. Any further delays to commercial production of at least 800tpd will lead to more debt and dilution. Obviously the management is unable to ramp up the production to these levels without the new equipment, which is currently being installed. That makes me think that any further ramping up will have a minimal chances of success, therefore the only way to increase production will be higher grade ore, and that may come only from the 8th zone, fingers crossed. The BODs clearly deserves the sack, not only for the poor management, but for selling down their shares when they knew the crash was coming .
getting a mine up and running and in full production,is never easy or straightforward,
most think,build the process plant,start it up and get mining.
then a month later,its up and running
it can take 6/12 months and its common,to see this.
sgz's doing similarly,atm took over a year...wres took 18 months