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I don't think for one minute Dan would want this taken over. It's his baby.
Any takeover bid would have to be hostile and I'd say he'll have CIG's backing, unless it's a silly bid, which I just don't see coming. In the short term at least.
AIMO
I think it's a good move. Don't forget 2000 was a big sticking point for a good while and it's a fair way above what was expected, even if most people think gold can only go up way higher. They've locked in above 2000 and it should provide assurance and stability. CIG are confident they're going to get their money back, even at 11.2p or whatever and this guarantees it for a good while.
I'm toying with buying back in at the current 9.975, as after some thought, things don't look as bad as I thought this morning. Sub 10p is still a pretty good price, imo.
Plumbs, I suspect Betts does know what he's doing. It's just that he's not telling the story properly. They must surely have known for a while that they weren't getting the gold as fast as they told us.
It creates lots of trading points for us though, I suppose.
I sold my ISA shares earlier for about a 10% profit and was offered 9.25 to buy 65k earlier. It looks like I should have taken it.
I'm going to wait a while, I think.
This is good news too;
"The Company is implementing a near term revenue protection strategy over a portion of the Company's production for the first three quarters of FY-2024 in the order of 60,000 oz, as the Company materially deleverages its balance sheet in FY-2024, with c.44,500 oz of gold now protected through forward pricing and cost collars, averaging above US$2,000 per oz."
The good;
" 78,220 ounces of gold ("oz") were produced at Yanfolila to 30 November 2023 at an average AISC of c.US$1,340 per oz and the Company is on target to meet FY-2023 production guidance of 80,000 - 90,000 oz and AISC under US$1,500 per oz. "
The p*ss poor;
"3,094 oz have been produced at Kouroussa to 30 November 2023. The processing plant is operating at nameplate capacity on a consistent 24 hour a day basis with ramp up of the mining fleet productivity rates improving."
"The Company anticipates gold production from Kouroussa in H2-2023 of c.5,000 oz of gold, with lower production driven largely by the delays in accessing higher grade ore due to initial lower than contracted mining volumes."
Down we go.
Am I alone in thinking that they should have been posted ASAP?
The lack of communication at SOLG now is really hacking me off.
I know most SH's now haven't put money directly into the company and have bought off the market, but my funds actually helped pay for the exploration and we should get news straightaway. All of us, that is.
It's not bloody good enough!
Hah, another example. I stuck x amount on 10 companies, Xmas 2019, as advised by Shares magazine.
Serious money, for me. Guess what happened shortly after?
From memory, I was about 60% down, so over time, I sold out. Tbf, if I'd have held, I'd have got my money back and more.
That learnt me a big lesson in holding.
It's why I continue to hold what looks like a lost cause here (I'm still 20% down.)
"sometimes it's just luck."
I'd say it's always luck.
In my 13 years of playing this game, I'd say 90% of my investments have immediately fallen by 5-10% or more, which makes it hard work to make a profit. I'm just massively unlucky.
I was working with a bloke who nearly always wins on short term trades.
Typical example. I was about to pull the trigger on RR at 70p, last October, I think it was. He put me off, so I decided against. Look where that is.
I'm not sure I've even made any profit at all in all that time.
I've quite often thought about not bothering anymore, as I'm obviously just not cut out for the game.
Yet a part of me wonders how I could possibly manage to not make anything when we had a good 10 year run????
I've opened a few tracker type funds and they're doing better.
I'd suggest even if you have some skill, you need to be lucky.
I see WHY have had a takeover bid at 13.5p. Damn, that seems low. It'll be interesting to see if there are any other bids. Board posters are doing their fruit.
Not HUM related, I know, but relevant just to see what the market thinks of gold mine prices.
I think people who are willing to play it know all that.
The idea that this can move up or down 7% plus at a stroke will always appeal though.
I work for a living, so don't get time to play it, but I'm sure there are many that do.
And that will continue.
Until Dan starts backing up the BS that he spouts.
I thought that Cat Deely had been a shoe-in for weeks?
A fellow Brummie. Good.
But, with me not knowing anything about any recent so called "celebs", I thought she was really old school and tbh, finished?
I don't even know what sort of market ITV aim at nowadays, but it certainly can't be mine, as a 60ish yo.
Us tight old fogeys don't spend via advertising inspiration, do we?????
I don't know, perhaps some do, but I can watch an advert multiple times, have a tune or whatever drummed into my head, but not know what the actual product is. It honestly happens to me all the time and I have to ask the missus. It's probably just inbuilt.
Hence Cat Deely? I'd have thought they'd go for someone more recent.
David.
I'm confident I'll make money here and plenty of it.
My Isa bundle is still in profit, but my SIPP wedge is 11.5% down.
If you can't handle the heat, it might be best if you just sell up mate, if you are even genuinely invested here.
But this is a proper roller coaster ride share. It's risky, but I've been knocking 60% down, even after averaging down and still taken profits.
My honest advice is either swallow what's happening or just bail and let us gamblers have a go without sniping at the totally wrong time :-)
The volatility, combined with what should be a solid base re actually producing a lot of gold, is just incredible, imo and if you're going to have a serious punt/gamble, call it what you will, this is THE place to do it, imo.
Addicknt, so what's this heresy you speak of?
I asked weeks ago why we just didn't come out and outright say that we should just announce that the company is up for sale and cut all the BS.
And pretty much everyone said, no for whatever reason.
Yet now you seem to be in agreement?
It seems to me we call everyone's bluff. Put the "For sale" sign up and they bid, simple as.
And if they don't, we do a raise, say "FU" to any potential bidders and go back to exploring/proving, where everyone knows the asking price is going to keep on increasing. Then everyone knows exactly where they stand.
The market is sick of the BS here and just want something sorted one way or the other, imo.
The only argument I can see here is that it'll kill the SP. Duhh, it's already on it's a*se, so what's new?
It won't happen, because it won't suit those creaming it on the board, but thoughts anyone?
Jed, I'm sure Farage has tried and failed to be an MP 6 times. On the face of it, he makes a lot of sense and I actually quite like him. I'd never vote for him though and obviously most others wouldn't either. I don't know about the Brexit party's manifesto, but it became the Reform party, whose politics scare me, because they're out and out Libertarian, where if you're wealthy great, but if you're poor, it's your own fault.
Cleverly, there is no real manifesto available to read now.
The scary thought is I firmly believe they are the future, when Con and Labour both prove they only keep on doing the same old stuff.
For now, I'm all in favour of them gaining a bigger voters share. They'll be helping give Labour one last chance to do something genuinely socialist and try to change the same old, same old. Then again, you have Starmer running the show, who is more tory than half the tories.
British politics really is junk. The question is does it swing massively left or right? I don't see it being left when you have our right wing media brainwashing the plebs.
Can you really not look that simple thing up for yourself?
If you look on the Bats share price link on this very site and read down a little bit, it's paying around 9.64% divi, which should be safe for a good while.
https://www.lse.co.uk/SharePrice.html?shareprice=BATS&share=British-American-Tobacco
Ooh look, it puts you on the page you were on when you replied.