Member Info for andrew99

Chaebol, we seem to be drifting in a range of 55-60p right now, so you might just get your nibble. I think we are due a leg up w/c 13th October for the 3rd quarter update (been between 11-17 october last 3 years). I can't see any reason for not having another record quarter in sales - perhaps a bit less profit than expected with rig and douta expenditure, but thats good stategic expenditure in my book.

Too true! As soon as I posted it, a lot of buying came in for the canada listing, which is good.

Feels a very slow day for trading, so few trades on both sides of the pond. I wonder if some people are just waiting for the interest rate decision, and how it impacts gold prices up/down, before taking any action?

No reason that I can see Lucain. RNS this week puts thx in a stronger position for very little outlay and gold continues to hold strong with a possible rate cut stateside. Annoyingly I topped up a bit too early at around 62.7p but I am sure it will come back way past the 70p mark once this selling is over.

Gold holding with ease above $3600. Any forward views on price of gold going forward? Up / sideways / down?

Canada listing now 5% up today hopefully means a positive start for uk listing tomorrow

I'm with you Pedro! Loads of stimulators to more rises - gold price reaching new highs, marahui update, pfs by end year. And we just collect the divi each quarter while we wait. I think a few people must be top slicing and fair play to them if that's part of your strategy. But its hardly dropped since the 25p rise in the last month, so plenty of support.

Yes! This and marahui

One last thing: he also stressed the 2 year dividend was a minimum level. He was less emphatic about that at the 1st quarter presentation when they had less money in the bank.

I mean marahui not guitry

Saw it live, and he seemed happy body language wise with Senegal and segilola, but his face lit up every time he mentioned guitry. Really happy he committed to more drilling updates in August - ie next 2 weeks.

Lucain, not a clue personally. But I am expecting way above where we are now. Its been a brilliant one to average up, as everytime I reassess where we are, the picture looks better. Given current trading, its likely to have 100m in the bank. Just need some good news filtering through about the drilling and it could soar. And with all the political instability around the world, I can't see gold plummeting any time soon. Only negative downside I see is if we get negative news about the drilling.

I agree that a lot is conjecture but for me personally the big director buys coupled with high gold prices are big buy signals for me. And a nice dividend while you wait.

Message for punter64 obviously who sold out today

Good timing with the massive 2.9% drop today - that could have been very painful for you so good to get out when you did. I wish you all the best with your MTL - doing really well with that 11.5% drop today. Fingers crossed your trade goes better tomorrow.

Fair enough. Perhaps just a drilling report next week would be a very welcome boost .

Looking forward to the update next week (based on last 2 years it should be beginning to middle next week) when we will definitely see increased cash pile and probably higher average price given no hedging and the high recent prices. The only downside I could possibly imagine would be whatever the drilling updates bring, but given the recent director purchases, you just know they can't be terrible.

...and after that a quarterly div in August if I have calculated the div dates correctly.

Hopefully, they publish segilola drilling soon too. I am presuming that the recent dip and selling is just some profit taking. Gold staying highish. Totally agree that the Q2 update should see a nice boost with unhedged gold.

Does anyone have an inkling when they will announce who the Indian oems are? I was guessing first half of next year. We kind of know who they probably are but would be nice to have this confirmed.