The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi Tornado
Not at all surprising. Major players have a minute by minute appraisal of the market and make decisions in millions if not trillions on factors arising at that time scale. Private investors do not and cannot operate on that basis and can only make decisions on the basics. Their is no long term thinking or action in the market and especially in this geopolitical and fragile economic environment. The less time that an investment decision is at risk the longer that individual will survive in a dog eat dog world.
The basics of course will like cream come to the surface ,
I could go on about short term momentum traders , scalpers, et al but probably bore this board into delirium or catatonic dmentia.
Kindest regards
Bob
Hi Tibbs and Mr Bond fascinating discourse you have started on this board . May I put my jaundiced , inaccurate and naïve thought just to expand the really fascinating debate but if told to duck pout happy to do so.
Sukari was the first major exploitation of gold in Egypt formed in politically difficult and less than stable times. A J.V for want of better terminology with basically the Egyptian Government (whatever the Ministry it was officially linked with)
It was essential that Sukari performed and contributed to the Government coffers to avoid the nay Sayers who wished to stop or bring it into a full Nationalised regime. It was therefore Absolutely ESSENTIAL that the profitable demonstration of success and contribution to the Government as Partner was imperative to the Pardeys and Raghi's Joseph et al. If a few bob could also be made then so be it. To be frank the action by Pardey and the CEY board (including the joke non execs) was not of a higher moral driver but self preservation and exit with life changing cash. Just my biew chaps and have no wish to defend it or otherwise.
Present SP is only a reflection of short term traders who always latch onto a volatile share with good swings. Balance sheet, resources, sustainability reducing AISC , proven management, good divi and prospects are all I now trust in. Geo politics is the bummer but becomes a contra play for gold price.
Great board , keep the contrarian opinions coming guys whilst remaining respectful colleagues.
Kindest regards to all
Bob
Mr Bond
How refreshing to have a truthful and acknowledging bad timing in investment decisions as at this moment in time of course. Kudos to a fellow ex trader (market maker?) still above water and in the game . I have holdings fro almost day one when it was a map on the wall. amd I must say it has been a most enjoyable rise. Traded some and expanded holdings in CEY. Used divis to buy more. What idiots evaluate is there bought SP against divi. The real return is Divi as a percentage of current SP.until they crystalise their investment by sale.
Divi is based on shares held !!!!!!!!!! not on value of SP ERGH.
My evaluation of return on Divi and the same invested in a safe minimum percentage savings scheme means I am well above water OVER 10 YEARS .. Keep posting factual and actual thoughts as I for one appreciate the input.
Failures on my part. Johnson Mathey sold at 860.
Marconi nough said
Logica
Medisys
BTG
Short in the Banks on 9/11 and came out as hated the thought of making thousands per minute on the death of thousands of poor souls . Trading at the time with Bloomberg on TV and 3 computers live with Level 2 and direct input into the book.(market maker)
Very best regrds to you and all here.
The gold is still in the ground on Sukari and the surrounding holdings
AISC declining in relation to its peers.Solar!!!! Lightweight ore body trucks
Recession in the G7 and outliers .
Fed propaganda and manipulation has a finite end
Basle3 (Political and Central Bank manipulation aside)
IMF involvement in Egyptian sequenced advancement.
Cartel adhesion in Comex inevitably fragmenting as one or two will take a short term side step against cohesive manipulation for short term gain.
But what do i know can only post my thoughts for better or worse as I personally see them. Do not under any circumstances regard this post as advice but take it as my PERSONAL thought process.
Kindest regards Bob
Best wishes and continued success to all who can trade profitably on short term
puts and calls . I thought I had the pinnacle of trading opportunities but Marconi Logica BTG Santander et al proved ne totally wrong .
I refer to my previous posts . Balance sheet, time , Resource sustainability. management. divi return percentage. geo political factors. Global (IMF0 support. Future advancement prospects. Possible M.A action.
Holding. albeit multiples below current SP as bought in when just an old map on the wall. Currently trading Raytheon Lockheed etc as a no brainer. But well wrong before.
Bob
What the hell caused that spike in POG. Outside of Comex trading period. Some leak as to Central Banks positions. The market always knows before retail investors. Interesting day tomorrow . That is unless a gap to create a shorting position to Institutional Investors to shear the retail sheep. Fascinating stuff. No Geopolitical reason I can see at this time.
No nothing Bob
Hi Rebess
Many thanks for your time spent in informing the board and myself re Kinesis
Your generous offer is also much appreciated. I do hold physical gold which presumably would be acceptable.
Time i think for some further research
Many thanks again
Bob
Thanks Tibbs We seem to be a bit blind as the machinations and working modus operandii which so affects the investors on this board. I did some research but after finding out that the Chicago Nercantile Exchange is the primary managing agent (in my uneducated view aka the Fed)
I have a view that there is a cartel in operation manipulated by the fed and certain key players.
Probably a little paranoiac on this but wild swings do (again in my opinion)smell of joint and coordinated action.
In that RUSSIA in 2021/2 was the worlds second largest producer of gold just behind China have the sanctions (obliquely or otherwise ) had an effect on demand and price for physical delivery due to Putins invasion of Ukraine.
Regrds
Bob
Many thanks Rebess I am very cautious of a crypto derivative after the recent debacle and cross financing deals. However Kinesis does seem to offer a realistic solution (until withdrawals exceed the backing margin) Might dip a toe in the water.
Regards Bob
Hi Tibbs
You might wish to correct me as perhaps an understanding not subsequently current but taking an ETF on gold had 2 options , purely a paper transaction but alternatively one backed by physical delivery, The ratio which I used to follow did show and had an insight into the appetite of the physical market.
and subsequent lien on the physical reality of gold transactions. May be I am in the current world totally askew.
Regard's
Bob
Hi Sotolo
You seem to have hit the nail on the head in your post. Look at the history of buy on the rumour , sell on the fact and as I have posted here before that is exactly the way major Institutional players scoop up lower price shares scared out of or scalping minor gains. The factual reality of a Company is paramount.
1) The gold is in the ground. No contest
2) Balance sheet strong No contest
3) AISC Reducing and substantially so after overcoming major expenditure No contest
4) Future prospects amazing (Both Sukari and Africa) No contest
5) No geopolitical adversity (Law 32) Thankyou Siko !!!!
6) Management focussed on long term sucess and not short term gain. No contest.
Yes short term dips and raises but the basics in my opinion are sound Happy to hold . Dividend so far far outweigh the percentage of cash held on an interest account.
Having been very very wrong in the past please do your own research and make your decisions on what you feel is correct
Regards
Bob
I am personally sorry to see you leave this board as I have always had the utmost respect for your factual expertise in the gold mining sector and your
"thorn in the side " approach to CEY management. However I shall still hold CEY as the gold reserves are still in the ground, a declining resource. confidence in Hogan (viz his C.V and resume and his personal wealth profile and believing his management of CEY is an ego trip to succeed not a short term skim of profitable opportunity unlike his predecessors) Yes there may be more profitable short term opportunities but entry and exit points are staggeringly difficult to predict. I know as traded in that way for many years and came out with some skin still intact. Balance sheet is all as at some time the gnomes will come knocking. Please keep in contact with this board as your knowledge of the industry is invaluable.
Kindest regards '
Bob
Hi Steve,
The technical expertise of this board always humbles me as to my lack of mining knowledge . In the long term there technical education / hands on of hard rock mining is of the prime long term motivator of S.P However there is a naivety as to how the market works (no matter the sector0 and especially in the short terminism which drives most players in major Institutions. I have tried to explain on this board that momentum previous to what is anticipated
news release which is paged as being at the least expected to be on the plus side and especially as major and even important minor players would have fore knowledge of will go long to place sell orders on release date. This allows a shake out which if the news is reasonable to good allows those wishing to add at lower price. As a long term holder I expected this retrenchments no matter how good the RNS was. However the value then of our technically capable on this board is of immense value. Unashamedly I did trade 30 percent at 125 previous to the RNS and bought back in at 116 adding to my holding.
As a test look back over 10 years to test my observations.
All in my view of course and I am sure many here will contest and have different views.
Regards
Bob.
Hi Rebess.
Unless the world of commerce and business has changed since my prehistoric days , statements, results , etc etc would go out to many places perhaps many days before with a caveat of STRICTLT NOT TO BE PUBLISHED BEFORE WHATEVER OCLOCK ON THE WHATEVER DATE. Th City. Institutions. wholesale Investors et al have the reputation of being like Ma' colander. However equally the major players in the market are well awre of the saying and I expect some astute mopping up of short term depressed shares. Have you had a look at the short position on CEY at this time. I have my interpretation (available on this board at the top) . Others more knowledgeable than I such as Tibbs . TornadoTony et al might care to comment on their more astute views.
Bob
Hi Rebess and all.
There is an old trading saying "buy on the rumour and sell on the fact" I expected the drop this morning as the short term traders were well flagged as to the Court decision and have scalped their short term gains with sell orders placed at market this am on the bell. Happy to see this shake out although the Trading Statement due soon might enourage similar. Normal retrenchment. It would be naïve to believe that an RNS release is highly secret until the day published . It goes through too many who have access to such reports which circulates well before the retail and private investors have RNS notice.
I take the drop as a healthy sign which is temporary in nature .
All my personal opinion obviously and not intended to be advice of any sort as I am wrong in many things .
I add my thanks and best wishes to Siko for his in depth knowledge of Egyptian Law posted to this board.
Bob
Hi Dasut ,Coldspy . Cowichan Tibbs Siko et al
Many thanks for sharing your tremendous expertise along with others of similar capabilities on this board. It is of immense value (sadly)to duffers in mining knowledge such as myself.
Bob
Hi Cowichan
As always with your posts nail on the head observation/.The Chicago Mercantile Exchange (a la Comex and the Fed) can only manipulate and obscure for so long before real world pressures burst the dam
Or does the saying dont fight the Fed still reign.
Kindest regards and thanks for the work and insight you bring to this board
Bob
Hi Cowichan
As always with your posts nail on the head observation/.The Chicago Mercantile Exchange (a la Comex and the Fed) can only manipulate and obscure for so long before real world pressures burst the dam
Or does the saying dont fight the Fed still reign.
Kindest regards and thanks for the work and insight you bring to this board
Bob
Hi Mr Bond
I think you hit the nail on the head re US intentions. Question is who can say nay. Nobody and survive. Use the knowledge to your own advantage. The US dollar is sacrosanct and therefore should be central to investor thinking.
Raytheon in October was a good bet.
Regrds
Bob