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Looks like it's trying to move up to a new level. Moving up quickly every time it jumps.
Quite Herbi. Looking forward to the Q4 update mid Jan. It should show that the average gold price was 12% to 14% up in the second half of the year, with higher production. H1 results were excellent, so a price in the range £2.40 to £2.60 seems like fair value.
If you then factor in where you think gold may go by the end of 2020, and you can see this share going far higher than where we are. Could be quite a quick correction.
Judging by price behaviour since your post 20/12 you were correct, short gone, price rising sharply
Roger that, re: ETFs Jep - I used those a few years ago, only to discover that one of 'em was partially option augmented, despite their literature that they were fully bullion backed at the time, so one needs to be careful here, as you obviously know...
As far as CEY is concerned (I think they're 50% Govt owned or were) they've let the side down too often in recent times for my liking and I sold my position a while ago now; although the Endeavour approach might lead to something, they're not as appealing as this one or POLY for me - just my take, fwiw, anyway... sasa.
A high volume for a normally quiet day. Perhaps we're about to be tipped in the papers for 2020?
Should be £2 at least. Lots of catching up to do.
is on the up
Gold (Feb '20)
1,516.9
+2.5
When this share started to move up last June, we moved quickly from £1.60 to £2.10 on just a move in the gold price to around $1,400 /oz. Then onto £2.30 when gold hit $1,500 /oz and peaked around £2.55 at $1,550 /oz.
Physical and / or big producing miners are the best methods, imv, Jep - ETF's are okay but many use options to augment their AU holdings to mirror the gold price and they, therefore, involve unnecessary third party risks, so one needs to be careful in those cases...
HGM is an attractive 'up and coming' decent producer which pays a progressive dividend and amongst the 'big boys' you might want to consider Polymetal (POLY) which has recently got into the FTSE 100 index - the only one in there at present. I hold both, fwiw - sasa.
Gold solidly through $1500 / oz. When we went up through $1500 in August the share price was around £2.25 and rose to £2.55 quickly. Looks undervalued. Looking forward to Q4 update in Jan.
Price of gold on the up again. Looking good for the start of 2020. Received divis of 12.4p in 2019, and 5p already in the bag to start 2020. Bought a few more last Friday as a little Xmas present to myself.
The 1.7m trade is suspiciously around the amount millennium would have had left to close their short. They went under the radar a month or so ago when they went under .5%, but it's my belief they are responsible for the share price manipulation. Hopefully we can now get back to normal trading, and back to where we should be.
The first half results were excellent at an average gold price of $1307. The second half should be even better with an average gold price of over $1470. Final year dividend likely to be well up too.
Quarterly results due in the fourth week of January
Seriously oversold. Ditched cey and their shenanigans for this lot. This is my gold hedge.
Yep, quite likely, rylidan, I'd say; I don't know of another decent producer yielding as much and once another surge in the gold price is seen, the sp should swiftly regain the 250p level we saw recently - sasa.
5p div jan 2019, 2.4p may 2019, 5p, oct 2019, 5p jan2020. Current field 7%, but expecting to rise to over 8% after year end div in may.
Massively, especially with a 5p divi next week!
In the old days we'd call this a descending wedge and would anticipate a 10% bounce courtesy of a ta legend named Graysland.
This is a great share in deed. Dividend is perfect.
Didn't want to post that we must be close to reversing this trend in case I jinxed it. Been buying to offset my mid 190 average.
This is a great little company. It always paid dividends even when the gold price was on the floor. I reckon I've had my investment back in dividends over the years.
Looks like the BoD have moved to a 3 dividends per year policy. Would be really good to align dividends to quarterly production, with the final one being the highest. Maybe next year?
Great news, they have approved the 5p interim dividend. Reckon the final dividend in April next year should go up, as profits are booming. So IMO yielding around 7% to 8% at this share price.