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I recall Paul de Gruchy (PXC's Investor relations co-ordinator UK) posting somewhere that he strongly expects good news this month.....personally my guess is May into June based on the dates in the RNSs......
........We'll see!!
I wouldn't be betting against the buying activity but as I said on Friday from past experience:-
"maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!"
my thoughts are that the content is secret but the knowledge of an RNS in the pipeline appears to leak......all IMO only...I don't know if I'm right on this?
We meet again Noel and dv.
Bought my last certificated AAU in here around 10 yrs. ago or more (similarly with SHG)....I think I paid around a penny for my AAU.....lost plenty with SHG....but made it up ok here at Ariana.
We had a special dividend of 0.7p a couple of years ago from significantly and controversially lowering our JV % ownership share but indeed plenty now going on to start to see some movement in due course.
It sure pays not to have all your eggs in one basket!
GL
Yes Indeed MTSparky,
I suspect they kept the SP range bound this month( to an extent) for the Bed and Breakfast/ ISAs etc.
.....with a little bit of steady buying from now we could be well on our way to 14p+
And of course on positive news??? maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!
I would like to see $25m Bond Completion followed by PFS and more "used" equipment purchases and before the end of May 2024....would restore confidence and enthusiasm....and SP to ??? is 60p too much to expect by 30th June 2024??
GLA
At least the SP is consistent.....and tax efficient.....lol
Consistently dropping since I re-bought in 2 years ago....and no CGT to worry about.....lol!
No doubt I will break even this year....perhaps even a profit!!!
And don't forget about our Silver & Gold .........52year high just now for AU......£1,916.84
Good news, I'm selling up and laughing all the way to the bank with my RRR profits.........lol........you'll not see this type of post here .....just like the eclipse in the UK! it just doesn't 'appen.......lol
They wanted guarantees for their short term investment by hoovering up the PI/RI shares....and they were told the 15p was guaranteed! WIN/WIN for them and our "Shaggers".........Karma will get 'em ..........we should do a collective voodoo curse......or maybe already we have .....in our thoughts! GLA
Sprott
"For the gold mining sector, we estimate a fully loaded cost (extraction, sustaining Capex and exploration, plus corporate overhead, interest and taxes) of $1,750 per ounce. The gold price averaged $1,943 in 2023, indicating an industry-wide profit margin of $200/oz. Assuming a 2024 average price of $2,072 per ounce (same as Q1 2024), the industry-wide margin would rise approximately 61%."
Current Price
$2,374.04
Today the industry-wide margin would rise approximately 216%!!!!
Like i said before ....they could not have afforded to takes us private beyond NOW!
I was having a word with a friend of mine called Einstein...and he says continuing to do the same thing and forever expecting a different outcome is the definition of insanity.......what a plonker? I told him to shut up and buy ARMcMB.........I mean RRR....lol
As per the thread attached below.....I still have my small holding in Palm 48,888....and now in profit and quite happy to continue holding! You can tell AimMaster of fantasy....who gets it all wrong....lol
Or even down to 11p now....although some are related to share/tax balancing in the new fiscal year!
Any trade above 11.8p today was a BUY...(possibly? also some below 11.8)...but because they "appear" to be sells....a few have been tricked into selling around 11.75 to 11.51p.......Be aware!
Join the dots in context with my earlier muse.......
https://www.kitco.com/news/article/2024-04-05/zimbabwe-introduces-new-gold-backed-currency
".....I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????"
Masks,
sure there is no reason not for both the $US and Gold to rise together....although if the $ hits above 105 on the DX (104.39+0.27 (+0.26%), currently) it may put a temporary halt to current mania! we have a likelyhood of slightly lower interest rates(political) but higher inflation(to put a hole in the debt/GDP....which in effect will keep negative real interest rates which will continue to fuel goldprice v fiat! But like I say .......doesn't really matter...apart from psychological stimulae!
I think perhaps £3k with outside chance of £4k by 2028 but not as soon as 2026 (IMO) and what is important is not the price but the no. of ounces under your direct control that you can convert to whatever you wish whenever you wish. GLA