Member Info for bonker99

"There is now a proper plan for an underground mine at yanfolila which would take about 6 months to make through an existing pit"

OK, that caught my attention ...

Yup - economies of scale at Dugbe - IIRC, its IRR is only so low because much of the gold is weighted towards the end of LoM, the complete opposite to Kouroussa's first three years, hence Kouroussa's stellar IRR.

Oil & GBP caving nicely - that's a cool double-whammy for UK listed miners of course - let's see what they can conjur up on Gold/Silver ...

That's the daily rising MA200 tapped @ 9p BTW.

Vielen dank für den dip ;)

Danke

PS: Keep an eye on the FX - Gold/Silver is more expensive everywhere with the Dollar flying and everything else bombing (which is why my silver from last year is worth the same now even with c30% off the spot price) - if you're capped in Pounds but earn Dollars then ...

Some kerazy FX moves today chaps - watch those pairs ;)

Hi mate.

Someone asked me about this last year and I said I liked 12p - if seen - and here we are ...

I think we all know the score re "sanctions" and the fact they've been magically lifted with RSG & HUM pinned to comedy mcaps given their assets and the forward-read, assuming Gold plays nicely (seems odds-on to me), then I think you have to pencil in 4x bags for both RSG & HUM from the current respective SPs.

Dropping the Dugbe DFS after hours instead of 7am and ignoring the Mali news that has RSG up 15% today is starting to throw off lots of smoke for me - I've come over all bullish from 10p all of a sudden ...

Quote a confluence of trend lines around low 70s - have to see how they play it but oversold on the daily now.

BTW - feel free to make me eat it at some point later on but I suspect that Friday's close was the lowest you'll ever see here and it's because of the Dugbe sale valuation - very nice timing re the Mali news that our NOMAD doesn't want to share with the market I must say.

Yummy - check your weekly lines Quiggers ...

Very good.

RNS - good news - I had to paste it into the HUM board too ffs lol

Comes to something when you've got to track RSG news for this:

Resolute Operational Update - Mali sanctions lifted

Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) ) is pleased to announce that the economic and financial sanctions imposed on Mali by ECOWAS (Economic Community of West African States) on 9 January 2022 were lifted on 3 July 2022.

The ECOWAS decision was made after Mali's interim government proposed a 24-month transition to democracy and published a new electoral law.

Back in @ 10p.

GLA

Morning.

POLY is a wild one for sure - I did quite well there myself but after few swings I thought it was time to walk away, just too unpredictable :) I'm still holding RSG though - I liked 12p from a good while ago there which is where she's at now - an outside chance of 9p perhaps but it's all good.

We've all got red in our PFs, that's the game - right now my girl and I have a number of shares, including HUM, that are underwater but similarly technically oversold as HUM is now but if you don't ride those out then you never get a 35% return for a year, there's no need to buy dead-bottom if you're patient but you do also need to be somewhat accurate about real-world valuations :)

Fun fact BTW - so I'm looking to pick up a 100x box of Silver Britannias on a suitable drop in the Silver price but Atkinsons aren't playing nicely with pricing such that the coins I bought at £28/$26 Silver last year are pretty much worth the same in Pounds now at $19 Silver :) Funny old game but the Pound got clobbered in the interim period of course. Who knows, maybe I end up at +40% on those coins from last year merely with Silver going back to $26 :)

There's a lesson in there somewhere re Pound/Dollar/Gold/Silver ...

Evening.

They've zero intention of raising rates anywhere near inflation - they can't do it because of the debt - sustained long-term inflation is the only way to reset the ponzi.

This just in: Markets are currently pricing in -15bps of cuts by March 2023

With a bit of luck we'll get "soft" pricing for the next six months - if they can manage it - and then we'll be off to the races from Q1, if not before (September?).

5% in your pension sounds like quite a chunk but FWIW, I took over my partner's SIPP a year ago - she's 35% up for the year and all of that 35% profit is in here now - how'd ya like them apples?

This next 12-24 months is really going to be something special for the precious metals space IMO - I can't wait to see how it all plays out :)

I don't expect the Fed to blink in July but if they do - and of course I have been saying for a year or so now that I liked 2022 H2 for some action on Gold so this is my bias speaking no doubt - then I wouldn't be at all surprised to see Gold set a new ATH in a straight line as it would be a terrible signal to send to the World but, imo, not an entirely unexpected one.

Probably though they're going to go with 50bps in July whilst claiming that Core CPI has dropped for three consecutive months, which it has, so "inflation has been defeated" but that's not the same as saying that inflation is about to crater - it can't over the longer term as the US would be skirting with bankruptcy if inflation isn't significantly higher than new debt rates/yield during an economic downturn. If they need to drop trillions of YCC then they'll do so.

They've simply got to keep the strong inflation going so I'm penciling in c5% for the CPI as a base for the next five years or so to keep the tax revenue boosted - number must go up.

As for HUM - at this price there is literally no lower price or bad news that would make me sell any shares now - screw the shenanigans at Yanfolila, they've got 2.75m ounces of Gold reserves banked, now's not the time to lose your nerve IMO - who TF knows where this/Gold could be in six months time but let's find out ...