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JUST IN - Biden administration is writing up military orders for units to be sent to Eastern Europe (CNN)
Are we having fun yet? :)
Here we go
*BETS ON 10BPS ECB HIKE PUSHED BACK TO DECEMBER FROM OCTOBER
Blood on the streets everywhere else - come on drop her ...
2713 shares just picked courtesy of my CEY profit.
£350 sheets going a long way here, that' be worth 8K in 5 years time
Everything above $1,720 is fine to my eye - would be reasonable to expect some downward action in the short-term I think - whopping gap-ups on the daily at $1,799 which may require filling for instance - be very interesting if it keeps moving away from that though :)
@bushy My daily chart says much the same @$1832/1845 with long term upwards trendline support back at $1,780. If we drop back to that I'm expecting a very strong rebound to smash the downtrend from Aug-20 as that road runs out and the wedge gets thinner as we approach mid Mar-2022.
ATB APR
I have 1829 support and 1849 resistance for POG on the hourly, if we break the latter then it's 1861 and 1880 in short order I think.
Don't hold me to it though Janruary2, it's only an idea!
Gold is running out of space on its current path as well...
Any day now we are gonna see a move... lets hope it pop and up and out.... and not flop and plop and down....
Ballio.
THE GERMAN ECONOMY SHRANK IN THE FOURTH QUARTER, AND INFLATION WILL STAY EXTRAORDINARILY HIGH IN EARLY 2022, ACCORDING TO THE BUNDESBANK.
Predictable games from the buyers ;)
I only just noticed the well-worn "novice" stuff below - it did make me laugh :)
Not sure what Bushy has done wrong at all here? Nor where this crazy criticism of a public and open message board is coming from. We all know to take anything here with a pinch of salt and do so accordingly, but there is often a good exchange of info here.
Don't like to take sides but i'm team Bushy here and also underwater based on my own decision making - Bushy didn't make me i swear. :)
I don't have any armour to have chinks in lol
Any mention of six months time in September/October would have been referring to the Dugbe Q2 DFS which will put a firm £100m+ valuation on Kouroussa and Dugbe's 51% - i.e. if we sold them that's what we'd get for them, at a minimum, with Gold @ c$1,775.
H2 2022 is when I expect Gold to put on some very noticeable weight so that's a different matter but will ratchet up the sale value of both Kouroussa and Dugbe exponentially as Gold rises further.
Personally given that there was mainstream media coverage of people saying Bitcoin will hit 100k from the 60k highs. I think it's actually a little disproportionate and quite frankly irrational to start berating that an obscure message board with only half a dozen regular posters on a company that 99.9% of the population has even heard of.
It sounds to me that you're either an unrealistic and very naive white knight or a very naive/gullible individual who doesn't know what they're doing, so instead of seeking financial advice they thought the best thing to do was to find Bonkers on the internet and start investing accordingly because who needs to spend 1.00% a year in fee's when you can follow randoms on message boards for free?
Are you 'done' because you've realised how ridiculous you sound?
"complaining about an sp is really just crying about your own mistakes"
I've been here since the 30's and I have an 17.7 average currently, no one told me when to invest or with how much not even Bonkers.
The only accountability people have is to themselves.
Come on Bushytailed, let me give you an example of when there should be some accountability or explanation given !
Let's say I am a new novice investor. I read the posts of an experienced investor with say over 48,000 posts. He says the share price will go up to ..... This is seriously undervalued ......Buy one mine and get one free...... and there is serious profit to be made here in the next 6 months. I will surely be in profit ! I listen to this experienced investor and buy shares. Roll on 5 months and I am 40% underwater. I think the poor novice is owed an explanation, don't you ?
Maybe you and I don't need one, fair enough, I agree . Maybe the novice has learnt a few things about the market now. Maybe he has learnt not to listen to forecasts on posting boards. But maybe someone should admit and explain to him how they got it wrong ! Also what the real risks are going forward.
Do you agree Bushy or is it "let's stuff the new guys" , their fault they should know better ?
I don't think anyone was holding anyone else to their words here tbf or at least I hope not anyway.
I initially thought this would motor in q4 21 and got a little semi on when we spiked 50% over a couple of days in October. I made a few extra shares by trading that but alas like everyone here, underwater as you say.
The funding terms for Kor are equivalent to what a profitable large cap can expect and whilst the market reacted accordingly to it in the first instance I have to concede that the political situation mali has probably scared off a few lightweights after making a quick buck in October.
I've said all along even at prices much bigger than where we are now that the plan is 350k ounces. If you ignore the noise and take note of the fcf growth and ROCE then there isn't many prospects out there as bright as HUM imo.
Yes peeps can always quote a share price but a share price rarely reflects actual value. Unless you sold everything and bought Bitcoin for 50 sheets a pop and loaded up on $1 dollar a barrel oil then complaining about an sp is really just crying about your own mistakes.
Aimho good luck all
I see a "Chink In Your Armour" there Bonker99 !
Back in Sept and Oct 2021 you were saying "6 months" to your payday. That would take you until March 2022.
A few weeks away from now.
However now you are saying that payday won't be until H2 2022 another 6 months or more !
Why has your time line slipped?
You did not mention that you got it wrong in any of your recent posts !
You seem to be making it up as you go along !
When we get to H2 will it slip again to H1 2023 ?
The fact it is you rely a lot on POG and that is unpredictable. Managment here need to perform better too !
The fact is you are currently underwater with NO short term sight of reversing that !
Medium term the stars may align, but that's got nothing to do with a finger in the air forecast.
At least we're on the bid this morning
@darren - not chasing it as such - I was fully aware of the timelines involved here and the likelihood of a pre-DFS dip but mid-teens looked a pretty good start to weigh in before Xmas, if I end up with a low teens average by April then happy days, I'm pretty clear where this will be sometime in H2.
The good/bad/good/bad news fiasco has been particularly interesting these past months - all the bad news is immediate/short-term/little impact, all the good news is longer-term/bigger impact so that's a nice, comforting, read for me.
It's all short-term games for the next few months so more than happy to average down but I repeat, I'm under no illusion that the full return here will only be seen here with a c4 year hold but I'll be offloading heavily the first time I see a hot weekly RSI, whenever that may be. Short-term dips just mean I make more profit ahead of that so bring it on.
100% wraith I'm in the same boat
A bag of sand here and there goes along way in HUM atm if you're Horizon is 300k ounces a year by 2026
@ RetiredBanker
I concur. I bought into HUM at around 23p last spring but since the circa 43% drop in SP since then due to one problem after another after another I've now lost all confidence in the company.
Fortunately I sold out most of my HUM shares in December and bought SGZ, now up to 85p, a 40% increase from my 61p average price, so much of my loss in HUM now recovered.
I still have a holding in HUM, about 20% of what I had originally. Just kicking myself now for not betting the full 100% on SGZ last month.
Fortunately, I don't have to wait till pay day, to increase shareholdings,.....plenty of dry powder, sitting in the bank accounts,.....waiting to see how Fed Tapper etc, plays out,...could easily double, our HUM shareholdings, if I wished, but that is not my strategy, (slowly, slowly, catchy monkey),.....whilst still leaving, plenty of dry powder, in the bank accounts.
BW
Brucey - I'm similar to you, bought in a long time ago and have average in mid 20's.
This is the only Gold stock I have NEVER been able to top slice and take some profits.
Problem is that HUM simply don't know how to control costs.
If Gold does go back above $2k then we'll make some good profits ... but they'll just let AISC rise to $1750 !
I'll likely take some losses here and switch to miners with better prospects, because although this seems comparatively cheap it just doesn't ever hit the bottom line !
Chasing the share to reduce average is not normally what I would do but I've not been able to resist keeping topping up to lower my average. It all seems too good to be true the cap is this low.
Morning.
Similar view to me - if I end up with a low teens average here I'll be very happy.
Two gold mines both worth more than £50m each at the current gold price and an mcap of £50m is too much value to turn down, even with Yanfolila priced at £0.
Hopefully we'll get a shot at 12p or so and that's where the rest of my cash will go in - if it goes lower than that then I'll start selling other gold/silver plays to buy more. There's just too much value here to turn down and I'm very relaxed and patient with an expectation of gold flying after April/in H2.