Member Info for 42trader

Reece, can I have some of what your on?
Wsg has been running 30 years now? And never made a profit, but for 30 years has paid a fine salary to one of the best con artists going all at the expense of share holders.

Don’t worry, Jim’s fix it.

Gold could still be on its way up. On 11/02/22 gold broke up, out of its downward channel. It is not unusual for a retrace back to the trend line which it broke out off. This is what has happened with 1800 being approx. that point. Around that point is also the 61.8% fib retrace and the obvious support line. RSI and STOCH are well into oversold territory. So if the gold price does hold this level it is then very bullish and sets up for a good gold run for the rest of the year. Bear in mind also, most people are crying into their milk with the recent down turn and as they say, buy when others are fearful.

Go do one. If your going to say this is going to fly then write some actual facts about why. All your doing is filling the board with cr@p that no one wants to read.

Well 6p might be a bit low but i'd certainly be buying if it did. 8.8p is probably more like it, with 6p a likely target if 8.8p breaks. Gold price is imo at the low for this year, though it could go a few points lower but I doubt lower than 1800. So that is a big positive. At end of the day though, this will become a multi bagger when shg exceeds 100,000oz,
The Dividend is not worth buying shares for, as it is so low and just a token gesture. I understand the reason for it being important and it should be low atm. Maybe it will provide a tick up in June.

A bit of mixed feelings here.
While there was no negative news there was nothing new that wasn't already known.
Lets face it, 2021 was poor creating a loss overall.
How long has Eric been banging on about 100, 000 oz? It wasn't that far off it back in 2020 with 84,000 oz. He certainly mentioned 100.000 oz enough times in this RNS.
So what does the future hold?
If all goes to plan, back to profit making and increased revenues. I also think gold will hit 2300-2400 this year which will greatly affect the bottom line. This year will likely be up and down with the spot gold price though.
So, with 8-12 months until production increases there is some time before it can be translated to the share price. I think the sp will likely remain stagnant until later in the year and will likely mirror the spot gold price. I think shg will likely see 6p again before rising. This mornings trades, few to start with and looks like those few have "sold on the news". Another negative would be the old adage of "sell in May and go away".

As am I though I do think this year will be quite volatile for gold. 2300-2400 gold price some time this year I agree with and I expect higher for 2023.

30p target.
In the meantime, it remains cheaper than its principal London and JSE-listed peers on at least 69% of commonly used valuation measures.

I hope he is wrong. He predicts gold to go to 1837 first where I suggested 1850-1860 as the low.

Hopefully see a rise in the sp by end of the day.

That’s what I thought. Gold bounced just where I thought and has pulled shg up with it. A long to go still. Looking for gold to go to 2300-2400 some time this year.

Understandable is your pessimism.
I've averaged down too, with an average about 13.5p. I want to average down again, but no funds free. Everything is pointing to a re-rate soon now with Broker target at 25p. My main concern now is if the company gets taken over, would my average be low enough? If a take over was to happen from August onwards then the highest price in the last 12 months would be 11.8p.

For gold. I’ve got enough shg between 6-9p.

Gold is going to be up and down this year but it will come good in the end imo. I’m looking for gold to drop to 1860-1850 where I’ll be buying.

Go read the report and also Tamesis reports that are out this morning if you have some doubts.
This period was flagged previously as being a difficult period and it was noted that production was always going to be weighted to the H2.

What Malcy has said is exactly my point. I’ve a feeling that when a cash raise is made, it will be one of those rare instances that it makes the sp go up and not down.

Yes, OM pay out would be the game changer in regards to the sp.

As such, no they have cash for 12 months but they would probably need to show they have the cash needed for longer term to prove FID.

This is an extract from todays broker report. They maintain their buy recommendation and 20p target.

“ Today’s statement also mentions that Rockhopper’s cash holding as of the end of March 2022 was US$3.9m, and that the company will require further funding going forward (we assume over and above the Navitas pre-FID loan) in order to get to Sea Lion FID and for working capital (we forecast existing annual Rockhopper G&A at over US$3m).”

The dip today after the initial rise will just be limit orders taken out. This will rise for the rest of the week imo.