Member Info for bonker99

Quite.

I hear tell they plan to cancel all personal debt and take your assets from you in exchange - like it or not - they'll then rent them back to you.

Debt-free and have kilos of Gold & Silver stacked?

No?

You're going to wish you had.

I don't believe that money is going to Dugbe - let me be crystal clear on that - if an interested party wants more than a standard DFS then they should be forking out for whatever extra work is required, not the seller.

If there are issues with the DFS then, again, you have to ask just WTF this mob are doing, if they can't even get that right then taking Dugbe to production is (was already) an even bigger joke, they're not remotely close to being capable of taking on a project that size.

Do you even trust them to manage the underground at SE?

Look at WTI on the monthly and note that it opened December @ $76 - then think what it will look like when it closes the month @ > $76 - a totally different picture and one that I fully expect to see.

Yup - I'm guessing Q2 until Kouroussa hits the grades - maybe there's a reason that Cassidy offed it so cheaply ...

I don't buy spending more money on Dugbe at all, sorry.

@punter - I've never been under any illusions re the management and it's only really when the Dollar value per oz of Gold got to be ridiculous that I really started taking an interest here - obviously they're a shocking mob but I'm still well above water here average wise and have no doubts that I'll multiply my money next year. I have plenty of other holdings elsewhere of course, none as smelly as this thank God.

So far, so good for oil today - could be quite a day/week depending on what Vlad and MBS have to announce and when.

If it's oil for Gold and/or oil @ $170 pb then wow.

https://x.com/bonker_99/status/1732689465842274329?s=20

BREAKING: China added 380,000 oz (11.82 Tonnes) in Nov despite high gold price

Since China new leadership after 20th People’s Congress last Oct 🇨🇳 added 8.94 m oz (278.07 Tonnes) of gold over last 13 month

China gold reserve +14.27%

I know, let's "hedge" 1/3 of our production!

PS: Yes, more money being spent on Dugbe - oh really ...

Well I've certainly never been here for the management, that's for sure, it's been about the on-paper value re the amount of gold they have.

Trouble is, they seem dead set on creaming it for themselves and I guess "associated parties" - CIG will own up to 45% by the end of this? Not entirely sure I feel comfortable with that either tbh.

"Hedging" 60k oz of 2024 production just days after Gold sets a new ATH absolutely reeks - these are people that also sell gold products remember - as a shareholder, I want to know who that Gold is going to and at what price ASAP.

I'd like to know who's getting that 60k oz of hedged Gold ...........

It's a 9-bob note mate and it's always been a 9-bob note - they couldn't get sellers so they've done it this way instead, it is what it is I'm afraid.

Not a huge amount of money but whopping dilution as the mcap is so low - you know as well as I do they'll drop a nice Kouroussa RNS presently and she'll be at 30p ...

Having said that - am I reading that right - they've hedged 60k oz, almost 1/3, of 2024 production at an unknown price?

Gold for the boys too FFS!

Morning - this is one for the boys for sure chaps - no holding her back after this IMO ...

Let's see - they've got oil tapping oversold on the daily nicely times for whatever Putin and co come up with - it's clearly forced, usually a good sign ...

BTW - if they drop the oil-for-gold bomb then I do hope you lot have been stacking the metals these past couple of years too.

You have, right?

Https://x.com/bonker_99/status/1732460592038813985?s=20

"Something" is certainly happening, yes - tomorrow/next week is not likely to be the same as this week ...

Re Israel - well, yes, very Larry Silverstein.

G7 to ban Russian diamonds, announce measures on price cap, assets-sources

Note that he took that other 1% on the day they went stop-hunting to fill the 211p gap.

The next few weeks/months are going to capture our attention here chaps - maybe even the next few hours - all eyes on Putin & co.

Putin landed an hour ago mate - keep em peeled.

TR1: Carlos Slim up to 5.1%

LSE backend system FTW!

I wonder why ......