Member Info for bonker99

It's not remotely believable to me, others can have their differing views as they may.

The language in the update here is interesting:

"§ Additionally, as a result of the actions taken, Yanfolila is ***expected*** to deliver an AISC of under US$1,400 per ounce for Q4 2022 and be cashflow positive."

Maybe 4s is the pre-planned bottom, it certainly works technically speaking, and the above is the pre-planned handbrake turn because if they really can pull in a $1.4k AISC from here on an ongoing basis then a 4x by this time next year is likely undercutting it as c$1.4k would be (for sure) the lowest low we'll see on Gold (ever and fleetingly at that) from here because of rising industry costs.

An interesting tweet from a Chinese guy today - some of the biggest Chinese Silver miners are making less than 1% margin on the massive amounts of Silver they produce - that's how tight it's getting out there and you know what that means - crushed margins like we would expect to see with the inevitable simply-must-happen rise in the price of the metal and the same will go for Gold I'm sure.

It's just time now IMO.

Well someone caught c12m shares at 4.6p (a really nice tech print that's tied to the 65p top back in the day) and are, presumably, flipping them for 10% at c5p.

Maybe those are the only bulk shares on offer now - again, impossible to know but if the spivs know that's the last big sell order they have to work then they will of course start buying those shares.

The company isn't going bust according to the last update so there's a big risk factor removed for the nervous and it would seem reasonable to think that the >$2k AISC announced the other day is as bad as it gets - I half joked some months back that they should mothball Yanfolila and it's still my view now they're, allegedly, losing $400+ per ounce.

As things stand and on the assumption that the Yanfolila BS stops, or at least dissipates, then this looks a comfortable 12-month 4x from here to my eye with much of the debt being wiped by the Dugbe sale.

Morning.

Probably about time to start asking for some receipts for the last couple of years too.

Interesting volume since the update - who knows what's going on.

Funny old game ;)

That's a huge brick dumped alright @4.6p - who knows, maybe that's it.

Hope you feel better after that mate.

I don't have any doubts as to the reality behind the scenes for either of them - it's all very timely innit ...

Looking for 4p here BTW.

Well you know my thoughts on Sprott ...

Morning.

Some chunky trades flying around.

Chin up - you could be in PUR/Pure Gold instead :)

Just hearing this now guys - hope y'all weren't hit too badly, obviously I'm glad I walked away some time ago but I didn't necessarily see this coming I must admit.

There's likely going to be a phoenix at the end of this tale of woe though I suspect - lots of gold miners seem to be doing their best to put themselves out of business these days ..........

I've got around another 20% to the top for the Dollar but it's tanking right now as USDJPY as it happens.

The same place the Gold has been going as likely as not.

I'm not worried about debt myself - you could even argue it's a good thing these days as things are so f***ed up.

c$13 per oz for c3m oz of Gold now?

It's obviously a takeover target - I can well see some HNWs stroking their chins at this going into 2023.

Perhaps that's the point of the BS updates these past 18 months?

Dollar tanking ...

Some talk of the Fed blinking with only a 50bps rates rise chaps - you never know, that could move BTC ...

Kouroussa - £50m @ c$1.8k Gold

I can't consider myself a grown-up, intelligent adult and believe anything that's being said by the BOD here - it's just not viable as being true, there's obviously a "plan" here but as the old saying goes, the Gold isn't going anywhere (or it's going somewhere it shouldn't be going to perhaps ...) so there's an enormous amount of value in the ground - the problems appear to be everyone and everything above the ground so perhaps they need removing.

Morning.

Detailed or not - I'm not sure I believe a word they say, or if I ever did come to that - those numbers are hard to take.

This is LOW.

"there has been no value created"

That one really did make me laugh - keep em coming ;)

That's a big un.