Member Info for 3bear

Hi Rebess - Horgan has made clear that they will be keeping and maintaining the full genset as a backup in case of any shortfall in grid/solar energy.

Thanks Siko that's good to know.

Hi Tibbs

Half the gold the mine produces comes from the pit.

The low grades are because material classified as waste turned out actually to be low-grade ore that was nevertheless worth processing.

This was a bonus and a good thing.

Anyone share my view that this rise in the GP is permanent and largely due to 2020's colossal international QE finally feeding through to all corners of the financial system?

Not so Irontaz - just taken out the Jan 2021 high

Hi Tony - do those RSI numbers take into account the rise in the GP?

Just sold some more at 123.41 only to see SP bounce straight back above 125, sigh. I need to read more on this Kahneman bloke. Still 50% in.

We've just taken out the January 2023 high of 125.5, hang on tight fellow holders, I think she's gonna rip...

Ha gnome that all rings very true - I find it much harder to sell effectively. Anyone else find that the best way to see a share sink is to buy some and a reliable way to watch them soar is to sell.

Anyone know the reason for this sudden spike?

Profit is not the same as free cash flow but 30% of $250million is $75m or about 6.5c a share

Very good point re Doropo Daz - but before then Q2 revenues are going to be rip-snorting. That is the technical mining term I believe.

Best wishes to the missus Tony. I'm still 60% in... and holding in case this is a one way trip.

Hi Herbie yep take your point, silver more an industrial metal these days. But also...it's shiny therefore I want some.

El prof, deeply suspicious that this is a sea-change flight to real money as the world gradually realises that 10 years of QE culminating in 2020's insane "print-our way out of covid" paper orgy has increased the price of everything and the value of nothing. Silver also topping $27/oz. I would be a massive silver stacker and have kilos of under the stairs if the UK govt didn't whack a 20% VAT charge on bullion and coins. Idiots, they would create a massive investment market if they took that tax off - but what investor can stomach a 20% hit on entry before you look at the spread. Ridiculous.

Cheers Steve, I've been selling down since 99p, each time waiting for a pullback that doesn't happen. Sold a bit more just before close today at 117 so will see what the morning brings. I really wish I properly understood what is driving the GP at the minute - this feels like a permanent sea-change rather than a spike and drop. You can't print a trillion quid of fake money (GBP895 billion of QE - US much worse) without devaluing your fiat currency and I think that has created a godzilla chicken that is coming home to roost. GLA.

GP and futures up overnight to within touching distance of 2300. SP down on yesterday. Nuts.

Jeff Christian very interesting on Central Bank purchasing of gold at 26mins into vid on link below.

He says Central bank purchases of gold are not at record levels at all and almost half of it last year was China buying from its own internal market.

But someone must be buying a lot of it - or an awful lot of people must be unwilling to sell - for the price to be continually breaking new ground - anyone got any ideas?

https://www.youtube.com/watch?v=t5h7-Gor5vk

Thanks Nimrod

https://www.ft.com/content/59298650-540a-43cd-86f8-a6c6db0aa906

Gold 2260

Cey got to be 115 tmrw