Member Info for bonker99

I've had few more at 11s - not like me to be averaging-up really but I'm feeling it innit.

It does - better fish to fry mate.

I'm clueless mate but GLA

I see they've removed my 4p post then - GLA.

That must be why Carlos Slim just took 5.1% then - obviously he must have overlooked HUM, loser that he is.

I hear you Shaun and FWIW, there's a 9% divi going begging at HBR plus the prospect of a multiplying SP through 2024 - I have boatloads there already at 220s and as I get older, it does also make me wonder why I bother with nonsense like this when HBR is so much more solid and reliable with the prospect of oil exploding via Middle East concerns.

I mentioned this to some folks on FinTwit yesterday - they may have pushed it a bit :)

Same as everyone else - it reeks to high heaven and always has but they've - allegedly - got an awful lot of gold for this mcap and I'm extremely bullish on gold.

Iran seizes two fuel tankers carrying 4.5 million liters of fuel in Persian Gulf - JPost

Morning.

Can't blame people for bailing or buying in at this point I think - there's so much mud in the water now that it's an impossible read - not sure I'll ever believe anything they say again, it was hard enough to do that before - as others have said, it's a lot of gold but what's the use if it repeatedly ends up like this, even with Gold at an ATH - I bet the shop in the Jewellery Quarter is doing nicely though ...

He was talking last year I think - trust me, if anything had actually happened towards producing from Dugbe in 2024 we'd have had to order some long lead time items this Summer already - obviously we haven't, so we're not.

I found myself earlier trying to come up with the words to frame a bet against this bulletin board that they'll never get Dugbe up and running themselves or I'll drop a grand to the board's chosen charity.

I stand by that, nobody but nobody will back this mob to take Dugbe to production, no chance whatsoever - you realise the pre-production costs alone are $400m, yes?

If you want a hint of positivity, however, re throwing a bit more cash towards Dugbe, it would be with respect to finalising some specifics for a possible buyer or a JV partner which I would support (assuming we're a minority partner) and is the only way, in reality, that we'll ever be involved with Dugbe IMO, other than selling it.

I did very well indeed @ RSG having nailed the 9p bottom.

Looks like we've found equilibrium at 10.50p - sounds about right to me.

Maybe because in the mind of Betts and co, Gold is likely to be far higher than the hedge the more time goes by (and you can take that to the bank ...) so they're as keen to squeeze it timewise as much as price?

Nice buys chaps.

O&G now = Oil & Gold.

Lesgo ...

$2,040 ...

UTV :)

$2,038 BTW ...

I'm not going to argue with either of you because I simply don't know either way.

For me it's not cause to sell as such as I assume the floor hasn't moved even though the ceiling has been dropped by 30% - I can see why some noobs would take a dip at 10s though.

It is all a bit smelly as I've said - I would be furious if the hedge was below $2k when spot has just printed $2.147k.

If they've got someone willing to pay $2.2k+ for 60k oz throughout 2024 then that's probably a decent deal for the buyer IMO as I still think we'll be at $2.4k+ by Q2.

Hedging anything below the current price in this macro is virtual theft.