George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Well that rise today was inevitable.
And for me just the start.
We were valued circa 20p 2020
We now have 40-45% more production with Singida now on line
Incredible grades at West Kenya (you have to see them to believe them)
Lower AISC with increased production
And gold is getting close to the highest its ever been.
Yes agree - my worry a takeover of less than 25p
Is gold going up because people know that the dollar is over?
This is Martin Armstrong, you ought to know who he is. He is an economist who is consulted by world leaders, he has given lectures to the BIS, so much more on his CV -
"The End of the Petrodollar?"
https://www.armstrongeconomics.com/world-news/world-trade/the-end-of-the-petrodollar/
Agree with the above so doubled my holding earlier to make up for any reduced returns if a lowball takeover were to occur - this is going only one way once any distressed selling is complete…
Just shows you though that when they do pivot and go back to QE,the dollars surmise will be golds saviour
CFO
maybe someit to do with oil price
Articles of interest
https://www.reuters.com/markets/us/us-manufacturing-sector-weakest-nearly-three-years-march-ism-2023-04-03/
https://markets.businessinsider.com/news/stocks/us-economy-outlook-inflation-recession-treasury-banking-crisis-fed-gromen-2023-4
https://www.reuters.com/markets/currencies/dollar-gains-inflation-worries-resurface-after-opec-surprise-2023-04-03/
https://www.fxstreet.com/news/usd-should-continue-to-struggle-amid-economic-concerns-commerzbank-202304040928
https://www.fool.com/investing/2023/04/04/us-economy-recession-what-investors-should-do/
$2033
atm
A couple of articles from the past 24 hours pointing to weaker US economic data and possibly bringing forward timelines for US rate cuts but I have yet to find the reason why the USD sank this afternoon sending gold up to all time highs. Maybe as someone mentioned earlier, it was just a build up from earlier in the day
the SP will rise with good results and now with 2 mines the free-cashflow will rise significantly ... and i think there is a overhang of shares from the last CEO who left the company on March31 ... thats all ... WK is the key here long-term
The biggest concern I have here is this is raided and we go on the cheap by takeover.
This is soon to be a cash generating machine.
.......the £1,585 is now £1,615.....the way gold is rising...maybe we should vault it and not sell it, dividends also...lol.
I think with the $US below 102, silver (well above) above £24 and $2,000++........I would say that's it.....we're off to the races....well of course the powers that be will kick and scream and desperately try to hold on to $US supremacy...and the advantages this brings......they may even promote the famous Bat/Human Ebola type Marburg deadly virus....already in Tanz/Kenya....but of course! That will reign in our horses!
logical - every rise ,100,000 hits had 600,000
How do you know that Stacegibbs? Don't tell me you've caught the 'every sell is the same seller' disease?
correction still is the seller ! 100,000 clips but great for me as I added
Gold up 1.84% at $2,037.95
Silver up 4.4% at $25.87
MMs beginning to move the ASK up towards 12p
Correction - a private client of Cannacord based in Blackpool was a seller.
LOL....
ive read it! tip of the year then said sell after 30% rise and production issues which haven been addressed! like the ay you ignore ************* and IC!
deepjoy, just us happy holders enjoying things going in the right way. Unlike yourself some can hold through a few ups and downs without cr.pping themselves and selling out for a loss (multiple times)!
See you at 16p in a couple of months.
no it didn't just say that and you know it.... ramp away
canaccord are the sellers , desperate times selling when gold is over 2000$!!!!!!!
shares mag who only said sell because of a 30% rise!! IC have a buy ! the company is cheap and 20s coming -
You lot make me laugh... you just don't get the fact that many big holders have been using liquidity for the last two years to sell down and out and they find a market all the time with retail investors, hence the spikes and drops and wide spreads. You only have to look at the chart and volumes and you should question why the large spread when volumes are comparable with other miners on much narrower quotes. The only relationship to gold price in this share is the volume sells and it will be for the foreseeable sadly. They missed guidance on production and even last week Shares Mag had them as a sell recommendation from buy, citing operational risks.. get some objectivity as you are only ramping to each other ...