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Fully back in today after selling at 87…..onwards and upwards from here
You're full of it
Trickling back towards 80p I think we'll see that tomorrow
Cey is starting to look like very good value . Topping up as much as I can right now while it stays below 85.
If the company achieves what they say they are doing, we have only one difficult month before the big turnaround.
@robbren58 - fundamentals of the company, present cash flows and % chances of improvement on current sub-par performance, current yield, growth prospects, geopolitical situation & stability of the gold price at current levels. Don't forget we had a takeover possibility at significantly more than the current price within the last 2 years. Good to see the management investing into the company now as well.
The down pressure seems relentless, down from 88 back to 80 in a week...try to stay positive but back at the 5 year low again...or 2 p above it as we made a new low
A reasonable observation is that the sector is out of favour.
Fresnillo and Shanta are both also down 3 and 2% respectively.
It’s taking forever to cook but I believe the waitress will be along quite soon and we’ll all get fed.
78p in coming... GLA
Hope so razor....I've been waiting for my food for ages just hope it's not cold when it turns up, the best I can do with word play :)
Grim day today, the whole sector is pretty deflated.
Berenberg came out again today with a buy rating at 114p. Pound dropped a whole penny against USD. GDX goes down just 0.5%. 16p at least is cash in the bank. The projected annual profit is anticipated to be over $154M which is the same as last year. The company also expects to replace its mined out reserves and resources over the past 12-18 months. The only way to look at this is that we are being offered a buying opportunity. The company is on a major support line. If anyone has a good relationship with the management and can get confirmation that production, solar plant implementation and drilling for R & R is all going as scheduled and costs are broadly in line with forecast, we would have nothing much to worry about.
Since I wrote GDX fall is now in line with Centamin.
Biden is currently in a meeting with powel to discuss inflation. Expect big words tomorrow and gold down again.
….also remember that 73% of pi’s loose money, equates to the viable conclusion that there’s more idiots knocking around here than scholars!
Etette
Unfortunately sentiment rules over optimism . I'm quite heavily invested but can see cey reaching new lows before any substantial recovery
The problem for Biden and Powell is how to win the mid-terms whilst continuing to screw the people.
Cue more inflation busting nonsense that will destroy the economy whilst they pretend they are protecting the 'recovery'.
PMs will probably take a hiding.
Just taken another 50k cheap as chips..
Best of luck re 50K
Gold in them hills...hopefully
Hi DtJamain,
Absolutely agree, so the market manipulation will continue and the people will be lied to whilst getting screwed over!
Hi Tornado,
I only wish I had what I could regard as reliable news to pass on , even those who were so optimistic in the past are now reluctant to comment in case things don't turn out as they thought!
We are it seems just waiting!
L2 seems very fluid today, but I'm fairly confident that there are buys waiting at 78p. GLA
Buy orders set at .78 and .75 for 50k each. Too good an opportunity to miss out on?
I'm also set at 78p, Certainly worth a quick trade back up to 87p...