Member Info for Auson

EIA forecasted only $62 for 2021

Gavster-NBC,

I would expect costs to be well up from 2020, the oil price has doubled, inflation is through the roof, the CEO also mentioned the chip shortage. The upside of high inflation could translate to much higher gold prices for 2022.

SteveJones999,

Yes on that latest little prop trade/ fiddle about. I think their average is probably over a pound.
It seems to me that they actually set the price direction with a small proportion of their holding. Selling at 105 to 115 buying back in the 90s or in this case below.
Happy Christmas all holders, keep away from the Omicron, seems everyone around here in SW London already has it.

RazorsEdge,

Around 40 % of the world are not fully vaccinated ? According to CDC 38.4% of Americans not fully vaccinated.

Thoughts on possible sanctions against Russia effecting POLY anyone ?

Tornadotony,

Those with the 3.9% stock on loan might see it as a good time to buy back and settle positions if Gold continues to rise, as they will have made many multiples of wildtiger's 10% already. I had noticed algo selling going on here for some time controling the book which could well have been them.

wildtiger,

Thanks for telling us what we already knew ( that you have sold out completely )
I bought HOC heavily when it fell to the 80s it then ripped on to the 230s where I sold and then up over 250.
I will just leave that thought there re what can happen with mining stocks valuations.
How are you getting on with BooHoo ?

JTS13,

The thing thats also changed is the sentiment for the Gold price outlook, being negative.It will change again to positive and then we get the next big wave up for both Gold and PM miners.

wildtiger,

You are joking right ? The 80.9 was a one off Black Friday promotion, never to be repeated. Did you miss out ?

halfpenny,
Endeavour didn't exactly 'walk away'
George Town, January 14, 2020 - Endeavour Mining Corporation (TSX:EDV) (OTCQX:EDVMF) ("Endeavour") has been informed by Centamin plc ("Centamin") that it does not intend to seek an extension to the January 14, 2020, PUSU deadline. Given the lack of information received, Endeavour confirms that it does not intend to make a firm offer for Centamin and therefore the merger discussions have been terminated.

Commenting on this, Sebastien de Montessus stated:

"We remain convinced about the strategic rationale of combining Endeavour and Centamin to create a diversified gold producer with a high-quality portfolio of assets. The quality of information received during the accelerated due diligence process has been insufficient to allow us to be confident that proceeding with a firm offer would have been in the best interests of Endeavour shareholders.

Adrian77,

He probably doesn't ! I would argue that a bid now would be less than the last one, although you could make a case that the reserves now have a higher value due to gold price.
A lowish ball bid now would be good as long as its firmly rejected by the BOD !

We are curently number 9 most traded on Hargreaves Lansdown with 81.72% buys. The highest buy sell ratio in the top 10 !
I know its only based on the mid price so not 100% accurate and its only retail buying but recently they seem to have a pretty good success rate with names including Rolls Royce, Lloyds, IAG.
If this isn't the bottom it could be very close.

120,000 shares at 110.15 at two of 51,000 shares. Someone is buying today.

MaverickD,

The number I gave is a total stock out on loan from Euroclear. Short tracker only shows NET short positions above 0.5% per institution. So admittedly the 8.71% is probably not a net short position but it is stock that has been loaned out.
GB00B0H2K534 %age
PETROFAC USD0.02 37696566.45 432621154.5 8.71

Stock on loan reduced to 8.71% at end Nov 21 down from 13.09% end Oct 21
Looks like shorters are buying back but they didn't or couldn't take enough shares from the Open Offer.
Does this mean it was very well subscribed ?

Tornadotony,

There must be some valuation for the dividend no ? Perhaps not if it were 1 or 2% but surely at this level and with a divi policy it has to be worth something extra on the SP

SteveJones999,

Its done really well as I'm sure you have also, I just see it as nothing more than a speculative investment thats all. After all investing in one or more of the coins is not investing in the blockchain technology itself.. is that correct in your view ?
Anyway CEY taking quite a battering today !

Stevejones999,

I would argue the correct price for gold is an acceptable margin plus ASIC plus exploration, plus refining. Before you even get into demand vs supply. Just out of interest if say you wanted to buy something with Paypal worth £100 how do you use Bitcoin for this transaction ?

SteveJones999,

How about
Inflation increasing mining cost across the board should reduce exploration spend. Central bank bullion buying ?
Just out of interest what is the case for Bitcoin rising from here ?

Troytempest99,

Most probably is still an over hang of the under written shares. But then again there was a large percentage of stock on loan which they might want to buy back when the time is right.