Member Info for 42trader

I’m sure you’ll do very well. Surprised it’s this low still. Once they start a dividend it will go further but until then it should still be in the 30’s. And if gold does motor on to 3000 the profits will rocket. Dollar is only going to fall over the years to come and interest rates will come back down sooner or later.

Considering it is back to profit making and net cash rsg has a lot going for it over the next few years.

Do you have any price target in mind? I’m looking for 70p but I’d expect that to take 2 years.

Was that £16k trade yours?

Nice start to the day......43% up so far.

Don’t mind me I’m just waking up. I get what you mean. Yeah should easily do that

Ahh ok million, not billion.

Some nice trades going through today.

Not so sure about 1/2 billion market cap. That would be a 10 bagger!

Had a funny feeling the drop yesterday was the clear out of a seller. Was just going to raid my isa to buy some more but too slow.

They probably just keep the money

Basically the shares are not in your name but with Halifax and it’s up to Halifax to apply for the tax deduction. Halifax are unlikely to do this though.

Thanks.

Production to increase.

ASIC to decrease.

Cash gone from -229m to +14m.

All looking good for the company. Gold price doing well staying above 2000. It may well drop being at record highs but I'd guess it is likely to rise higher in time as the Dollar is only likely to decrease in time and interest rates are likely to lower. Both the Dollar dropping and lower interest rates will almost certainly be good for gold to rise.

Broker target of about 60p, which is a little conservative imo.

Only negative I see is it looks like someone is selling, which only makes a buying opportunity.

Agree that’s it’s under valued. It will take time to rerate imo but it will. Added today.

I think £1.20 would still be cheap. That would be a PE of around 12. I reckon it has legs to go to £1.50.

One of the better gold miners to hold now. And one to hold for a few years imo.

What do you mean by 212 liquidity?

Not sure about buying but I can certainly sell my 47120 shares.

If it can break above the current price, which is a resistance level, I can see it going on to 27p, then eventually onto top off the upward trend channel around 35p.

Personally I'm holding out for around 70p before considering top slicing and leaving profits to run.

Dividend likely next year which should shoe a nice lift to the sp when it happens.

The potential for gold to rise in the next few years is quite large imo. 2300 likely in the short term and I wouldn't be surprised to see 3000 eventually hit. ofc, I could be wrong, but it does keep testing the 2080 resistance and eventually that resistance will break. Just wait for the interest rates to start falling and Gold should start motoring up.

I do hope you’re not back tomorrow. Filling the board up with a load of dross. Keep up the therapy.

Ps

What does Litrally mean?

Good call on a bounce.

No not huge but there is not a lot of free float and to sell they need a buyer. When you see the sp dropping like it has thought someone is selling. Maybe they won’t sell more but does anyone want to catch a falling knife. Better to wait until good news comes out.

Zeus

It is at good support level now so would be a good place to buy. The problem is broker has now pencilled in 2025 before they go back into profit and the Warhammer game does not sell as well as expected then revenues and profits will miss their targets. If you go onto forums for the warhammer game, players do not seem to think the game is good enough to warrant the game price. Last TR1 showed an institute selling, with their holding down to 6.9%. If they have decided to completely sell out then the share price will drop more. So buying now at a decent support level is really a gamble. Imo there are better companies out there to buy that are not as risky. It could go either way.

ADF does look good longer term but I do wonder if UK actors will be striking soon. https://www.theguardian.com/culture/2023/jul/21/uk-star-london-rally-support-striking-us-actor-brian-cox-equity-union

Could be a bit more pain for ADF in the short term.