Member Info for Auson

If L2 enables you to think there is a 9% or even a 7% spread then it is not worth having. Spread is lower than yesterday but the bid is slightly higher.
Ponzi has just shown us he doesn't hold a meaningful number of shares.

PortStanley,

I guess that depends on the price of Brent and how many shares will be issued.
Lets just stick to everyones £1 dreams for the time being

If you rememer the Kraken water cut issue, it sure seemed like Cairn weren't best pleased with Enquest and the performance of Kraken. Also Catcher production down this yearfor different reasons so perhaps they just wanted to call it quits and see lower breakeven production in the rest of the world.

micheal,

As you know the valuation of those oil companies is based on production and 2p, 2c reserves.
Rockhopper is or should be valued on 2p,2c divided by Chance of Success.
With an indicated spread of 10% this morning whether we are 6% up or down at a given moment in a given day is somewhat meaning less.

I don't think we even need the PMs to rise noteably for this to increase. If you look at Centamin its up 6% from the low a week or so ago and with a MUCH higher AISC.
I think the market just needs to think the bottom is in on the PMs fall and we have some stability around this range before the buying here can commence. As of last week I'm in already btw

Based on nothing but historical share price we should be at 18p right now. Plus some for the finances of Harbour Energy versus Premier

Was 9.93 to sell this morning and 10.02 to buy

The spread is genuinely the quoted 5%, large buy orders incoming INMHO

$28.5 plus on the way anyone ?

Sotolo,

EVA saw and took 260-270p like we should have done !
The Wall Street Bets scenario unfortunately didn't play out at all. I am now not convinced it had anything to do with the spike above $30 just the timing of said spike.

Spindler,

If we see Silver through $28 thats going to be a great catalyst.
Massive industrial demand coming for the next few years.
Bullion by post still mostly sold out of Silver

bonker99,

On the CFTC aren't some of the shorts to do with miners hedging ? I tend to track the non-commercial number as I thought that was more speculative re the Silver price.
www cftc gov/dea/futures/deacmxsf.htm

riptonk,

What numbers have you got for Gold and Silver short positions at the moment ?

CroftOriginal,

Correct mate, the worst offenders are the ones with Olive oil or something healthy in small amounts ( 6-12%) and the rest is plain just old veggie oil margarine.

bonker99,

Like they have a choice ! Perhaps they need more time to dump all their bitcoin.

Barrick produced 4.76m ounces of gold, down from 5.47m last year, and sold 4,88m ounces. All in sustaining costs rose 8% to $967 per ounce.

Barrick expects to produce between 4.4m and 4.7m ounces of gold next year, and expects all in sustaining costs to be between $970 and $1,020 per ounce.

CEO Mark Bristow is a serial dealmaker, and has been looking for other acquisition opportunities. An audacious bid to acquire Newmont ended instead in a joint venture combining the two group's Nevada assets. Barrick's also taken full control of struggling Acacia Mining in recent years.

Dark_Knight2020,

It feels more like the higher bond yields are effecting the Gold price much more than Silver possibly as its an industrial metal I can see Silver demand being really strong throughout 2021/2
www goldsilver com/blog/why-elon-musk-secretly-loves-silver/

POWER,

RBC thought it was worth 20p or 100 extra pennies from where we sit right now

Arthur_Uggins,

The spot Oil price matters because its how you might value the barrels in the ground today ( on a risked basis )
Meaning as Brent is now close to 3 times where it was when we were approx 5p we should be at least 3 times 5p today.

ralph2010,
'Does it really matter what the price is now? It where it is in 3/4 years that matters.'
I don't remember you saying that when the oil price was dropping and we fell from 12 to 5p !