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Bbg, the man of many residences
What I love bbg, is all the while your making up stories in your fantasy world about where you live.
I'm actually living the dream, where you dream of living.
So dream on my friend, and don't have nightmares about losing the $100 you invested in solg.
Look into my eyes, ignore the pocket watch that is swinging before you. Look deep into my eyes! You are feeling sleepy! When I count to three you will fall asleep. 123... When I click my fingers you will wake up and buy SOLG at 10.5p per share.... Click!
Must be almost time for Richard Head to go to sleep ..
Costs tend to rise faster in more developed regions so Oz ops likely to feel the pinch more than South American ops. Frightening to think that many have AISC's well over $1200oz (gold producers) and yet it wasn't that long ago PoG was averaging closer to $1100oz and AISC's were nearer averages of $600oz. Oil producers the same. Many seemed suddenly capable of dealing with Oil prices in the $30's and making neutral to minor losses. Yet oil hits $100pb and suddenly costs mysteriously rise. There's no doubt about it... alot of money has gone into shareholder pockets over the last 3 years. Star performer on the commods is Orange Juice. Up 95% yoy. The irony is, GAS prices are down 66% yoy yet you wouldn't know it looking at the Electricity prices today. The wholesale prices seem to take an eternity before they hit home with the consumer and by the time they do, every middle man along the way has taken his cut. If they can manage Gold Spot prices, then surely they can manage gas spot prices and the electricity companies can stomach the fluctuations with usual hedges. No reason why electricity prices should be as high as they are now. Apart from making sure the likes of EDF / EoN maintain their profits.
Apparently we all need to have more pylons because they can't line the shareholders pockets if they have to bury the cables! Sad world we live in on a corporate basis. Greed and profits all the way.
Thanks for pointing out fmg fort.
been paying me a handsome divi for many years.
never had a bad word to say about them.
did I tell you I bought at $2 think they closed today at about $21.
dont want to sound like some of the dreamers on here,, but ive got 40,000 of the little rippers.
and I genuinely did have a mate on the inside years ago who gave me the nod.
twiggy, no geologist, but shrewd.
Mather geologist and clueless
also got my finger in the pie off one or two other exploration companies,
also on the brink of something huge, and haven't taken 10 years to do it
hence, I can live out my twilight years very comfortably. solg is just a bit of fun for me.
unlike some I won't hit the bread line if it goes to rat sh&&t
Partially because of the holdings of BHP and Newcrest I would imagine
Sean, if Barrick's CEO was playing poker, he wouldn't bother responding to a random stranger.
One of the constant themes on this BB - something I'm also guilty of - is a desperation to think that there is something else going on behind the scenes, a grand game of chess being played. In this instance I think we just need to read the email as it was written - unfortunately SOLG isn't a viable option for Barrick Gold.
It's undoubtedly been a tough year for many as rising costs have eaten away at profits, leaving investors sitting on the sidelines waiting for basket prices to find some strength.
SolGold in comparison should be building from here. It won't be long before it's AGM season and providing Scott and Co edge through then it's on to the revised mine plan which ought to breathe fresh life into the story. If the company can demonstrate an ability to push on (even if this means some faux willingness comes with it) then I suspect someone will take the bait.
A glimpse of how some are doing YoY. Some will have had larger/smaller divi's etc so need to bear that in mind.
In the green
1. Southern Copper UP 20%!!
2. Grupo Mexico UP 12%
3. FMG UP 4.5%
Neutral
1. Rio (relatively unchanged at 0.5% down)
In the red
1. Newmont DOWN 21%!!
2. Vale DOWN 18%
3. Barrick Gold DOWN 14.6%
4. BHP DOWN 8.6%
5. Freeport DOWN 2%
A few others out there but hats off to FMG.
Some metals in higher demand etc so will skew performance but then that's what's it is all about... getting the right mix and balance to suit the demand. At the right cost. Some will have projects in advanced status and others will be scratching around. I think Barrick are certainly scratching around if they are looking at P.akistan.
Of course Sean, and that's why I wrote "Make of it what you want", who knows what Barrick really wants to do and whether they would tell a random stranger anything. I am non the wiser as well.
I just thought I would share it as getting a reply was really a long shot and he was gracious enough to respond within a day.
DM, I most certainly haven't. So much for the protestations of improving shareholder communication!
Actually, I suspect what they meant by that was improved communications with BHP, which is all fine and dandy until SC needs the support of us minnows in two months time.
SharketMare would someone really give the yes or no on a potential billion £ acquisition in an email to a random stranger? No one is saying it's not true, only that - looked at rationally - the email is actually vague enough to possibly mean nothing. It might even be the plausible denial of someone holding their cards close to their chest.
The desperation on this thread is embarrassing. Some of you seriously need to get a grip. Or a job.
TI - thanks for sharing. Never underestimated the power of well written and courteous email!
Barrick are suffering. Whether that's due to their 'filters' who knows or just market woes but share price was $20 in May and hit lows of $14 in early october.
That's a huge fall for a multi-billion dollar company.
Sometimes filters get tweaked and other times CEO's get tweaked. As Newcrest's Sandeep 'Tiswas' Biswas found out.
The other obvious answer is to say nothing. Which most CEO's of multi billion dollar outfits would do. You'd think he should be a tad busy with his business to answer some email from someone that he knows nothing about etc.
I think it's quite revealing. But then... that's down to the individual.
It is the only possible answer. He can't say we are interested.
Needalife you are a veritable Henry Kissinger.
DM,
"ADVANTAGEOUS LOCATION ACCESSING EXISTING INFRASTRUCTURE"
Page 12 of September presentation.
Read it.
You seem a bit irritated these days and the nit picking feels a bit junior.
Adikt. you are as naive about world affairs as you are investing.
your little country is the master of black arts,
your little England views say it all
If my memory is correct i think Barrick calculate a mines gold value based on $1200 per once, and it has to make a profit at those levels, not sure about copper prices for profit calculations
Not foreseeing something and completely denying it are 2 different things .
Simple but important message.
https://www.skysports.com/watch/video/sports/football/12981797/norwich-city-launch-powerful-video-on-world-mental-health-day
Email him back and ask how P.akistan is getting through his filters lol!
The mining industry is smaller than many think but great to see Barrick CEO having the time to email back a pi. Some might say... he almost wanted to email back and say he's not interested. Mmm. I like that. And what happens if your filters get adjusted (as they do) Mark? Plenty of wriggle room for him there.
Back from therapy are we?