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Is the business updates next week?
Bought 25000 shares today in my Sipp, I'm expecting a very good update next week with a higher gold price realised & gold output to be as expected or above! Either way looking very good going forward & undervalued IMO
Agreed - this does look quite oversold now, especially prior to the next results coming up shortly - sasa.
We are back at the 182 again, time to buy more folks.
935 shares added to the pot.
Nice little dip in the price today in response to gold price easing, so I have added to my position.
Safe-haven gold was higher as well, quoted at USD1,589.60 early Wednesday, up from than USD1,568.77 at the London equities close on Tuesday and having spiked above USD1,600 overnight
Sadly this is unlikely to be a short conflict. Let's hope a diplomatic solution can be found.
News of an Iranian missile strike against US bases and an aircraft going down in Iran due to apparent technical failures. Very sad. Tensions heightened. Gold should be moving much higher in anticipation of US retaliatory strikes.
https://www.msn.com/en-gb/news/world/pentagon-iran-launched-more-than-a-dozen-missiles-at-bases-in-iraq-housing-us-troops/ar-BBYIq3Z?ocid=spartanntp
Looks to be an incredible bargain. At this share price / gold price expecting a further uplift in profits during 2020. That's an uplift on a possible $100m+ profit after tax this year. I see dividends increasing this year.
Why the price is going down today? Gold is £1579.
It's going opposite direction!!
May be manipulating!
Me too. Bought in at 182 and I think we should be testing the upper reaches of 220 by now. I mean gold is up 3.4% since the start of the year. But no need to complain we are making strong gains.
I'm amazed we can still buy at sub 220p! TSG is up nearly 50% these past two weeks, PAF 24%, HUM and SHG creeping up. CEY has a predator lurking and still valued less than the recent offer. Lot's of bargains to be had but which is the best?
There's some good money in digging up gold at the moment :) I expect lots of positive news this year.
Looks like Iran are promising a military response, but not immediately. That will keep gold ticking up IMO.
Not sure if threatening more strikes is the best policy. We will see how gold reacts to that tonight.
Don't forget that you can also expect 6% to 8% yield this year, depending on when you buy in. DYOR please.
Expecting EPS for 2019 to be around 20p. Average gold price for 2019 around $1390. We are already undervalued on simply 2019 numbers.
Then factor in an average gold price of $1,550 for 2020, which may be quite conservative. That would give an extra 7p ish on the EPS, or around an extra 90p on the share price at a PE of 13.
£3 A share looks quite likely sometime in 2020 IMO. Please DYOR and work out your own figures.
Happy New Year
The months ahead hold:
1. Mid Jan 5p interim dividend
2. Mid Jan Q4 results including average gold price achieved
3. Mid April audited results
4. Mid may year end dividend. Interested to see what we get this year. Should be good.
The last time gold was at this price - HGM was at £2.50!
Significantly undervalued IMO
Gold through $1550
206.39 GBX +9.19 (4.66%)
3 Jan, 08:04 GMT · Disclaimer
If you look at the increasing price of gold, it gives a strong indicator that the final year dividend will increase, perhaps to 5p+. At 5p if would mean a 6% yield at a share price of £2.50.
Factor in the forward prospects for this year and beyond, and you start to get a trading range in the region of £2.50 to £3.50 for this year.
Could easily go higher if gold makes a significant move up beyond $1800 / oz.
Following the US drone strikes earlier this week, the protests outside the US embassy in Baghdad and Trumps warnings on Twitter the US have struck back with an airstrike killing an Iranian General, head of the IRG's elite Quds Force.
https://www.bbc.com/news/world-middle-east-50979463
Oil prices have spiked overnight with the odds of a retaliatory strike likely. Flight to safety, namely gold should continue through the week and into the next.
GCG20
Gold (Feb '20)
1,532.4
+9.3
GCJ20
Gold (Apr '20)
1,538.5
+9.2
GCM20
Gold (Jun '20)
1,544.6
+9.5
Gold continuing to edge up nicely. Only a matter of time before this jumps up again