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Yes we are really doing well at the moment I have a feeling we still have more room to go up some more too. Tonight Barrick closed up another 3%, Hoc up over 6%, and even Centamin now moving up fast. I bought some Fres too.
I suppose we might as well make Hay whilst the sun shines.
Hi Super. Yes it was always a long term hold. Nearly got all my acacia money back and sad not to have doubled my money as most gold miners would have afforded. Equally I didn t jump from one mistake to another so will have to take on chin. HECLA been a good play. To me..china and Japan loose monetary policy and maybe the US too. Ultimately great for gold and with Barrick they will probably get to 35+ against gold at 1800. Maybe take a year or more to play out and possible economy will shrug virus off and see gold back to 1500 beforehand....
Looks like we have just gone through and over 3 yr highs -lets hope we keep going!! Good place to be in Barrick and a good currency hedge as you said before.
I have just bought a shed load of them. I know Franky you were asking about Lloyd's syndicates - well their results are just about the best I have seen in 30 years.
Hey Franky maybe we will also finally get that promised divi for the exploration and minority interests and Gold stock held released that was promised to Acacia share holders? I am looking forward like you to making up for some lost cash.
Finally Barrick does the deal. Just after announcing more lay offs so magafuli got another backhander and finally shook on it. Should mean Barrick can get going with production and underpin a strong performance with higher GP helping this along. Might see my money back eventually-))
Hi Franky -no sorry I'm still fiddling around with CEY and HOC but should have, as I have just seen on Mining . com the results look really good for Gold and Silver.
Did you get on HECLA?? Hope so! Am up over 50% now
Thanks Franky I'll have a look and it looks like you are quite right with the Silver price (my Hoc should do well now too). Gold also up over USD1500 might make Endeavour have to cough up more for CEY too.
bought a few of these at 1.97 and there already nudging toward 3 dollars. They'll double again next year as Silver is lagging compared to Gold but will catch up sooner rather than later. Hecla been about in Nevada for best part of 100 years, but they keep finding more and more! Biggest inventory ever and cheap.
"CEY" -Centamin look interesting today chaps if you want an alternative-just received an offer from Endeavour mining. Canadian markets not open yet. Gold /SIlver also up today. Might be worth a look if one wishes to make up if have spare cash? ATB.
We could see ABX moving up fast if we do start moving up towards what some today proposed as being Gold at USD1700 an oz.
But markets now due to close until next week for thanks giving. China to release some figs tomorrow might show if trade war has had an affect on growth. I still expect Gold to rise from here as we approach the election highlights!!
just brought 20k of them,very cheap at 17.Got my little bit of aca back.lol.
https://barrick.q4cdn.com/788666289/files/doc_financials/2019/q3/Q3-Quarterly-Report.pdf
Expect ABX to rise here quite significantly now. As well as our own miners. Talk of the trade deal with the USA and China having fallen apart. Rate cuts help too.
Happy days even Barrick was up by nearly 4% today. I am sure we have more to go too. Barrick results next week should be good, with solid forward looking statements now the export ban is lifted in Tanzania and as N.Mala gets back up to speed.
Hi P yes all the regulars on that Board know best. I get ignored in that one, but will be proved right in the end I am sure when the Great White "Mark Bristow" comes looking for his next meal. I can see them being gobbled up by Barrick very soon, once the Burkina Faso and other West African Countries are seen on the radar as fit for expansion.
Miss aca board.lol.
Good results from Centamin and Hoc, show rising prices in precious metals are helping profits. Unbelievably Centamin have no debt and $290m in the bank I see this as another Barrick takeover target. Afterall they have eaten up Randgold and Acacia and Centamin is in a very good shape after finding tremendous new reserves. They also have licences for Burkina Faso. Worth a punt.
Have a feeling this is something to do with the Canadian elections? Or Trump tweeting the China deal is moving closer? Which I cannot see to be honest before the 2020 ??
Yes it was a nice bit of shafting by Mark Bristow and some tasty back handers involved without doubt. I can t see barrick moving more than what ..2-3%??
Yes it was a nice bit of shafting by Mark Bristow and some tasty back handers involved without doubt. I can t see barrick moving more than what ..2-3%??
Hope you do really well Super - you deserve it - we were all shafted here but at least you can be part of the new story. You should be pressing HSBC - perhaps it’s time for the mailed fist to show through the velvet glove.
Hope you are keeping well. My shares are still held by HSBC they have some sort of problem. However you are right re the Deal between Barrick and the GOT. link attached for those still coming on here to explain. Yes hopefully the shares will respond?
https://www.mining.com/web/barrick-gold-reaches-deal-with-tanzania-over-acacia-mining/