Member Info for bonker99

Re Ashanti making an offer, would that have to be at the 52-week High?

First day of the new tax year I should say :)

Maybe it does but last day of the tax year today - who knows what happens tomorrow.

16p looks super to me guys.

And beyond that.

Best 12-60 month return for new ISA money I can see out there.

Morning.

More eye-catching grades.

Glad to hear all is well with the mine construction.

Yup - one more day to go :)

The 10-year is at 2.55% - my God is this going to end in tears for those on the wrong side of it ...

Starting to look like I won't get my $1,810 shout the way it's going - seemingly refusing to break the 50 RSI on the daily which may imply a significant amount of upside/new ATH sooner than I was expecting but doubtless as soon as I call that it will fall to pieces :)

Not much point buying your own shares if you're not going to cancel them when the main reason for doing so is to pump the SP of course :)

Morning.

Yup, most of it is nonsense but it works nicely to keep the naive out of value shares.

The reality is that Africa is the most lucrative area in the World for mining because the costs are so low yet in the case of Gold as an asset, the selling price is set globally, everyone pays the same.

Doubtless Liberia will be pointed to at some point as being dodgy, not despite but because of it being the second largest and fastest growing gold district in the World - Dugbe is just part of it.

Anyway, it's all retail chaff and flares for retail, it is what it is :)

Looks like the SP is simmering here - looking forward to how the NOMAD chooses to play the old one-two-three yet again re imminent news.

Well that hardly inspires confidence :)

Looking perky - whiff of news in the air perhaps.

It's cheap if they get their **** together but on paper as of right now based on production alone it's obviously not cheap.

I've no idea where this is going but perhaps they want upper teens?

I'm sure they'll plant a few more chunky "sells" soon enough to get the wheels turning again.

Meanwhile, back at the bank:

Turkey CPI +61.1% on Year in March vs. +54.4% on Year in February

I'm racking my brains as to why the Turks are so keen on Dugbe ...

Quite - so take it as read that everything will go up by c30% this year - we knew this already of course.

Then they'll instigate the strikes I mentioned six months or so ago - I trust y'all noticed Amazons's loss to the NYC unions last week?

As discussed before, if it boosts inflation it'll magically happen over the next 3-4 years.

Got Gold?

JUST IN - Germany: Grocery giant #Aldi is raising prices on 400 products by up to 30% starting tomorrow and expects other discounters like Lidl, Edeka, and Rewe to follow suit.

Afternoon.

Dugbe DFS in April, reserves update (3m+ oz net to HUM to my eye unless someone else has a different view) in Q2.

Q1 production update anytime but presumably will be used to try and knock the SP down within the mix of the above news - preferably before the above so we can all buy more but that's going to be up to the Money Guys, sorry, NOMAD, of course.

Morning.

Sure - the ideal scenario is they drop the Q1 results first which we already know are going to be "bad" (yet have zero bearing on the value of Kouroussa & Dugbe post-DFS) and we get a shake on the back of that for the boys to load up on (again ...) but there's clearly been no appetite to take this below the CEO's recent 13p £25k buy these past weeks so while I hope it happens as I'm a buyer, I'm not relying on it. Dry powder at the ready as always in the hope I can lower my average but I think the market knows what's about to happen here soon and for the next 3-5 years so perhaps it's unlikely.

The GDX is breaking out, I modeled that last night and it's pretty much on the money with what I was already thinking - all goldies moving up substantially this year, some sideways action but moving up in an Ascending Wedge manner from here and over the next 18-24 months (Gold likely at c$3k by then) then a tremendous blow-off rise from 2024-2026 (possibly predicated on a near-default by the US - again - and/or the inevitable NIRP) - I suspect that blow-off could be the Gold move to my c$4.5k target.

I understand these numbers look extreme but they're really not. Gold moves to defend the wealthy from inflation. We know the real-world inflation number is 20% and that's been shown with Gold's precise +20% move from $1,700 to $2k. I expect this to occur each year, give or take, for the next four years so compounding that up gets you a doubled Gold price from around $2k.

Obviously that will balloon revenue for all Gold miners whilst costs rise too but as I alluded to some time back, if your sale price goes up by 20% a year and your costs go up by 20% a year then, ultimately, your per oz profits increase as time goes by with a touch of exponentiality - this is why the GDX is moving.

So, I'm looking for the obvious market value of Kouroussa & Dugbe post-DFS to be realised at c40p sooner or later and then it'll be interesting what happens next. I know for sure that mid 60s is coming after that but on HUM's current issue, a £100m mcap (Dugbe's valuation post-DFS as it happens - Kouroussa £50m/12.5p) is at 25p - I'm guessing we'll see institutional action (publicly) here once we break 25p/£100m mcap but let's see how it goes - someone still has 6.5m shares (1.65%) that hasn't been declared yet but perhaps the drive to 25p+ will be by that party to take them to 3% where they'll have to declare.

Really looking forward to the rest of this year and for what comes beyond it - there's no chance that the money guys are leaving 3m+ ounces of Gold *reserves* in the ground here at $25 per oz. Reserves mind you, not uncosted/unsaleable resources. If a terrible job is done across these three projects at just $250 profit per oz then that's $750m/£570m of cash thrown off - a 10x of the current mcap but it could be 2-4x that ...

GDX flying.

It's time.

So, the balloon is most certainly going up in 2023 - I'm penciling in $3k for Gold by the end of 2023.