Member Info for bonker99

UK CPI @ 10.1% ..........

Interestingly I was literally just thinking to myself that the 10p shares seem to be running out when that 6m 11.5p buy order appeared - who knows but this is a big boy's play and that was a big boy's buy ...

£700k buy @ 11.5p just went through?

It's most certainly an interesting chart and a, er, "professionally" timed announcement this morning shall we say.

Look out for a quick smash n grab @ 10s perhaps - if they can get her there.

Interesting @ 12p :)

https://twitter.com/bonker_99/status/1559833571019341825?s=20&t=A7p6fGeWtuVECiZbGQwDiQ

Looks low :)

Bit of a contrast to Rio Tinto's numbers eh.

Morning.

Thanks God for stop losses eh as I overslept today :)

A cautionary tale perhaps re inflated costs impacting earnings - that's going to be the flavour of pretty much everyone's number everywhere else for the forseeable.

Still a long way down at 40p though considering they blew a million quid buying their own shares at 60p.

MASSIVE COMEX #GOLD WITHDRAWALS CONTINUE - TOTALING ALMOST 7.8 MILLION OUNCES SINCE MAY 6
- Vault totals at lowest level since June 4, 2020
- Registered at lowest level since July 30, 2020
- Open Interest is now equal to 156% of all vaulted gold and 314% of Registered gold.

https://twitter.com/mikesay98/status/1559621092498558976?s=20&t=0cdkSPxmP9c4UHBBFxVlCQ

You may note my long-held c$2.4k target for #Gold ...

"Russia has fixed the price of gold in rubles at 5000?/g, which works out to $2,447.17 per troy ounce"

Evening.

Russia aiming to sideline the corrupt LBMA - Shanghai, India, Dubai all getting in on the act too:

https://www.zerohedge.com/news/2022-08-15/russia-proposes-new-standard-compete-rigged-london-bullion-market-association-lbma

Got Gold?

Fingers crossed - I've taken a few ahead of tomorrow's numbers which presumably will be strong.

Fingers crossed then but they're just too far away still to my eye - I'd rather move the money to a more near-term win (diamonds) so I have but GL and I'll keep an eye on her, especially if she ends up at 4p or so.

Sure but look at the quarterly loss still - they're likely to be £100m+ in debt (2x the current mcap) by the time they stop the bleeding.

Head grade in the 2s still?

It's not pretty reading is it?

I can see why the cut-off for the new MRE was at 3.38 g/t - they don't appear to be able to make money below that which is a bit shocking tbh.

I'll pass for now - reappraise on the next update but GLA

And the new record is that they produced that in a day? ;)

So far, so great, let's see what turns up in the coming days/weeks.

Afternoon.

Looking forward to next week's H1 trading update - diamonds have certainly had a good 2022 so far - interesting chart:

https://twitter.com/bonker_99/status/1558075892060004352?s=20&t=x0Qs5h43HMYuBAL4KOj9gA

Time will tell :)

I added a few at 8.5p - I prefer mid-teens as a trading target myself.

@ BillyBoy

I think 2m oz @ 7 g/t should be an enormous cashcow over the next five years+.

"Should be" but clearly hasn't been so far via whatever TF has been going on here for the last 18 months.

That said, the SP is a 20-25x from the top where the market will have been eyeing a billion quid FCF throw-off return from the phenomenally high grades here - once they've got their sh*t together of course.

All other things being equal, 2m oz @ 7 g /t should be treated/valued as 10m oz @ 1.5 g/t, i.e. it's a massive amount of Gold overall but with the benefit of a huge/quick return on capital deployed because the grades are so high and the AISC SHOULD be really low.

I'm saying "should" a lot here of course and that's the conundrum - have they fixed it? Is the new MRE way more in-line with the reality under the ground now they've had a year or so at it?

We'd all like an updated AISC/NPV (coming in Q4 presumably) to crunch the numbers on more accurately than the current finger in the air job but at £50m mcap this is an awful lot of extraordinarily concentrated Gold and a 10x to get it halfway back to the top certainly can't be ruled out?

They're obviously not going to get a third chance here but at this price/timing I'm willing to give them a second chance - they must surely know a hell of a lot more about what they're doing by now and the new MRE re-confirms that the Gold is there.