Member Info for 5eightsaccount

Nice one, I think that's the first time since I have been here in over four years that LSE has conducted an interview with GH !!

This is interesting and with Paddy's mention of the step out to the NW :-

https://www.abc.net.au/news/rural/2020-03-19/de-grey-pilbara-gold-discovery-turns-investors-heads/12060490

Morning team, nice bit of research there BTB. My goodness me that was a bit early or like the rest of us oldies you have trouble sleeping too ??

Looking forward to good week as well, markets feel that they may rally this week as we come out of lockdown and businesses start to open up. It could well be the biggest of the biggest of bear traps but hey what do we care, we are nicely positioned !

Here's for a promising week !

On the same theme and from down under, this is a nice little read whilst having breakfast this morning :-

https://www.canberratimes.com.au/story/6759089/demand-for-gold-surges-due-to-economic-uncertainty/

Hi Jerry, Scotia gave evidence last year against JP Morgan but I will try and find the article. I'll Google it later, will probably be easier than looking through my old notes from last year.

Paddy, thanks again for the Sat images.

Onwards and upwards team !!

Hi Jerry and thanks Drover, sorry didn't see your earlier post.

I think we will see mad movement in the Gold price next week and the futures market I both directions. Interesting story with regards to Scotiabank (Gold Bullion dealers since the 1770s !) leaving the market place and turning whistle blower with regards to the Gold price manipulation by the major banks.

Its been largely kept under wraps and away from mainstream media and it can only be a matter of time before the brakes are released on the gold price !

https://www.kitco.com/news/2020-03-24/CME-resolving-physical-gold-squeeze-with-delivery-of-100-ounce-400-ounce-and-1kg-bars.html

Speedy, all week I have been looking into the June Futures expiry in a couple of weeks time (May 26th) and it could well be the first time since 2012 that holders of Gold futures will want to take delivery of the metal stuff as opposed to receiving a cash settlement on any profitable holdings.

But guess what, banks don't have the Gold to deliver !!!!

So as we saw with the Oil futures contract expiry last month with the huge over supply of oil and no-one wanting delivery, it plunged around negative $40 on expiry, on that basis what will happen to the price of Gold if there isn't any to deliver ???

https://www.newsfilecorp.com/release/55933

We were all waiting for the first numbnut comment on here this morning and congratulations are in order for you.

And a special well done for being up so early as well.

Impressive.

And the market is soaking up the sells quite nicely which bodes well going forward.

Maybe, just maybe, they might push it over 9p today ??

Big ask !

Great day today and something light hearted which I posted on here last year (last years prices) ;-

https://sdbullion.com/blog/how-much-is-a-ton-of-gold-worth

Yep agreed, just looked at the Australian Mining Journal from 30th April again and for those whom missed it, look down to the small paragraph 8.

I thought Sandeep was 'bound the Australian Stock exchange rules' with regards to keeping quiet about the $1.1bn fund raise ??

https://www.australianmining.com.au/news/newcrest-banks-on-growth-with-1-1bn-raising/

Yep ditto that, thanks Paddy. Here's the 'money shot' as just mentioned :-

Havieron – an exploration success story in the Paterson Province, Western Australia

Drill results as at 31 March 2020High grade option for Telfer

• Located under 420m of cover, 45km east of Telfer
• Drilling has returned the best high grade Au / Cu results within the Paterson Province
• Some of the better results include:
• HAD012: 139.4m @ 2.9g/t Au and 0.39% Cu incl 43m @ 7.9g/t Au and 0.83% Cu
• HAD043: 167.4m @ 2.4g/t Au and 0.66% Cu incl 22.8m @ 9.3g/t Au and 0.96% Cu
• HAD049: 82m @ 6.1g/t Au and 0.41% Cu incl 34.8m @ 9.2g/t Au and 0.64% Cu
• Footprint of mineralisation: 400m in length (over the upper 600m), up to 150m wide and has been observed up to 1,000m in vertical extent
• Drilling continues to demonstrate the continuity of high grade mineralisation and expand the mineralisation footprint
Continued focus on drilling going into FY21
• Drilling to support resource delivery in second half of calendar year 2020
• Growth drilling program to define the extent of the depth and lateral extent of mineralisation to commence Q4FY2020
• Approximately +80,000m planned to be drilled in FY21 Fast tracking the decline1
• Investigating the potential to develop the orebody under both underground selective mining and bulk mining alternatives • Currently progressing the Concept Study • Targeting completion in second half of calendar year 2020
• Progressing environmental baseline and engineering studies to support fast tracking of decline commencement by the end of calendar year 2020 or early 2021
• Potential to achieve commercial production within two to three years from the commencement of the decline

The Havieron drill results in this slide have been extracted from the Newcrest release titled “Quarterly Exploration Report” dated 30 April 2020 and other prior exploration releases. This release includes the exploration results for all material drill-holes (including those referred to on this slide)
1. Subject to market and operating conditions and receipt of all necessary permits.

Should make the US boys finally wake up and smell the coffee !!!!!!

And yet another merger announced this morning :-

UPDATE 1-SSR Mining to buy peer Alacer Gold in $1.72 bln deal
11-05-2020 12:19
(Adds cash flow estimate, details on combined entity,
background)
May 11 (Reuters) - Canadian precious metals producer SSR
Mining will acquire Alacer Gold in an
all-stock deal valued at C$2.41 billion ($1.72 billion) to
create a diversified gold producer, the two companies said on
Monday.
Alacer shareholders will receive 0.3246 SSR Mining shares
for each share held, implying a value of C$8.19 per Alacer
share, they said.
Gold prices have gained sharply this year, boosting coffers
of bullion's miners, as investors increase safe-haven buying
amid the rising economic impact of the coronavirus outbreak.
The combined company will generate annual free cash flow of
about $450 million between 2020 and 2022 based on analysts'
estimates, according to the companies.
The combined entity will continue as SSR Mining and will be
lead by Alacer's Chief Executive officer, Rod Antal.


($1 = 1.3980 Canadian dollars)

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Aditya
Soni)
((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net)

Gilesy, is that you at the end of this clip by any chance ??

https://www.youtube.com/watch?v=Ijl2_PLwEms

:)

Its all looking rosy.

Let the market play their games this week.

https://www.australianmining.com.au/news/australia-to-overtake-china-as-worlds-largest-gold-producer-resources-monitor/

GLA

Excellent posts this morning team, great work team thank you.

Seems like the weekends here for research and constructive commentary lately and best to avoid it during the week.

Another look at Magic's video tonight (together with a dictionary at the ready !) and trying to piece all the information together for another eventful week ahead of us all.

10p can wait, I'm in no hurry. Fingers crossed for a more settled week.

GLA and stay safe.

GLA

Another takeover in the sector announced this time from Canada...... its hotting up quite nicely :-

https://www.marketscreener.com/TMAC-RESOURCES-INC-23145587/news/TMAC-Resources-to-be-Bought-By-Shandong-Gold-for-C-1-75-Share-Cash-30565891/

Or should that be GOLD !!!

Really appreciate your time for posting that video. I gave up reading this board for the last few days as it was becoming more and more like some sort of facebook type social media platform with all the bickering and name calling and not an investment/trading forum like it once was and should be.

I think that's largely down to three posters on here, I think we all know whom they are, no need to directly reference them .

Your analysis is spot on, lots for me to learn even at my age (I graduated in Pure and applied maths over thirty years ago !) and I will look into your research references as well.

Once again thanks a lot for taking the time out from your PHD studies, this is what a share investment/trading forum should be about.

Nice one !