Member Info for bonker99

900k "sell" just dropped from yesterday - looks like they're clearing the books ready for something to drop.

The market will take a very, very dim view of these guys taking Dugbe on mate (as would I) - Kouroussa is very similar to Yanfolila, Dugbe is completely different.

It needs either a major or a seasoned mid-tier producer to take it on.

If we are to be involved then the best case scenario is a JV with a bigger player where we're not directly involved with the ops side of things.

As a significant shareholder here, I would rather they sell it, clear the debt and start paying a decent divi to loyal shareholders as the FCF gets into nosebleed territory, given that I'll be holding until at least 2026 based on my current macro view.

Nice fake print they've thrown out there - obviously given up on seeing 9s again.

News in the wind I shouldn't wonder ...

Plenty of interest here still I see.

December tomorrow.

There are talks of a deeper cut - opec delegates

Talks around a cut of more than 1 million bpd and will depend on how much could be contributed by member states - delegates

Almost all member states appear to be aligned that a deeper cut is needed #OOTT #Opec

PS: A chart view on oil

https://x.com/bonker_99/status/1729959436645511345?s=20

To hedge or not to hedge, that is the question.

If you share my view re where O&G prices are heading then you wouldn't hedge either - you'd be more likely to store it and sell it two years after it was produced.

IWWBOOTOTW

Morning.

Dugbe is worth £100m and that was at $1,800 Gold ...

£2m cash left - that's better than we thought?

Well I have Gold/Silver really taking off from Q2 so I'm going for the post-tax year break in April for the first cut myself.

OPEC+ Alliance Considers 1 Million B/D Extra Production Cuts, Sources Say -- WSJ

That's 50% higher than the US military budget would you believe.

It's over.

Gold blowing up again - even I'm surprised.

OP @ $77.5 - eyeing $89 IMO.

@ant - I'd take this over USTs right now - and I have.

$2,040

$2,035 - this has to be late-comers driving it ...

$2,033 and still going, blimey ...

Fed guy just came out and said as much - Powell later this week of course - if he confirms then new ATH IMO.