Member Info for bonker99

Hot daily RSI for Gold now - could be +-$100 from here, +$100 would likely be fast, -$100 would likely be slow, not that it matters in the greater scheme of things.

Couple of interesting headlines on FinTwit just now - even more so perhaps with the above +-$100 shout:

SPECULATORS' NET LONG BETS ON U.S. DOLLAR TRIMMED IN LATEST WEEK - CFTC, REUTERS

U.S. TREASURY 5-YEAR NOTE FUTURES' NET SHORT POSITION HITS LARGEST SINCE NOVEMBER 2020

Duly noted - the narrative is building out there for sure.

I've penciled in any Yanfolila LoM update/upgrade to arrive in Q2 when they've stated (IIRC) that they'll be updating company-wide resources/reserves.

The delayed, and much anticipated by moi, Dugbe MRE "should" be first then the Maiden Reserve for Kouroussa before EoY.

Yes, gold = cash for the banks - it's the entire point of Basel 3 and the only way the banks can stay afloat when the inevitable -ve rates kick in for the US/UK next year and their useless cash piles burn in front of their very eyes.

I wouldn't worry about what's going on in London, there'll be false flags being thrown all over the place for the forseeable - The London Goldsmiths have to "faciliate" all this so what counts for them won't count for everyone else - hence the huge bank bullion buying of the last year or so.

If you think the opposite will happen on rates - i.e. they go sky high (I've no idea how the US can afford even the current 1.5% on the 10-year though so I'm expecting Lael "YCC" Brainard to be pinning that down heavily whilst simultaneously sending inflation much higher then even now) then take a look at what happened with the 10-year and Gold during the hyperinflation of the 1970s:

https://twitter.com/bonker_99/status/1459243015122395149?s=20

The Telegraph have a timely article today on a guy whose Dad "lost everything to inflation in the 1970s" - he was advised to buy shares and dump his gold by his "advisor" - go figure. Of course Dad didn't know that Gold would 20x in less than a decade back then ...

https://www.telegraph.co.uk/money/money-makeover/money-makeover-dad-lost-everything-inflation-1970s-cant-allow/

It's real easy from here guys and gals - spread your money around your favoured Gold miners and especially those who look like they're going to triple their current production levels in a few years time where the SP could quite conceivably go from pennies to pounds if you just wait it out and let the market do what it's inevitably going to do ...

Those (40p/65p) are the tech chart pivots which are entirely supported by the on-paper valuations (and them some) of Kouroussa and Dugbe @ $1,775+ Gold - not a coincidence of course.

I'm not the only one who can see those pivots/targets by chart alone of course ;)

There are higher tech chart targets - such as the ATH of c170p (an even 10x the current price - again, not a coincidence) which, presuming Gold plays very nicely as looks virtually certain from here, I'd be penciling in for 2026 - remember that the first three years of production at Kouroussa, from 2023, are extraordinarily good and Dugbe will be in production by then too at anything up to a $4.5k Gold price IMO ($2.4/3.1/4.5/7/10k are all medium-long term targets for Gold to my eye).

Re deals being done for the company, well we'll have to wait and see but the market absolutely will sort out this pricing disconnect in the coming weeks and months, of that I'm certain.

Likely as not, whoever has had 4 million+ shares transferred to themselves at 16.50p+ in the past week is of the same view - for all we know those shares will be popping up in a TR1 for Dan Betts himself before Xmas, regardless of the nature of any deals that may or may not exist.

Time will tell.

Evening.

Because of the nature of 2021's activities and macro environment.

2021 was about:

A sideways/down Gold price - over with

Getting the debt paid off - done

Big and expensive further drilling across multiple projects - done

Taking ownership of the Kouroussa project - done

Getting Kouroussa financed - done

2022+ will be about:

A firming then booming Gold price (H2 IMO)

Seeing the sheer size of Dugbe formalised in Q2's DFS

Building the Kouroussa mine ahead of production in 2023

Extending the LoM across Yanfolila and other projects

Getting Dugbe financed (probably 2023)

It's up to you how you read the prospects going forward and whether you think that mid-teens is either a disaster or an unbelievable opportunity.

@cheerful My worst case scenario here is that the company is taken out on the cheap in the 40p-65p range.

* I posted this earlier this afternoon and it seems to have mysteriously disappeared - just saying.

I couldn't open that link.

Ten minutes reading the pro vitriol on ADVFN was enough though - now I really do want to buy more as I'm sure BT is ...

Well there's yet-another 500k gone to a happy owner - @17p now though ...

Have a good one y'all :)

I'd like 11p there - if it breaks 12p of course.

Morning.

I took a couple of c21k chunks at 16.9p yesterday afternoon myself - decent money being thrown at this now - hardly surprising.

As ever who knows - BTC is looking pretty floppy against string Gold/Silver right now but that can obviously change in a heartbeat.

GL and nice trade - I can only refer to my prior statements on which is more likely to 10x bag over the next few years - it's clear to me that it's this, not CEY.

Yeah - not hard to work that one out - I'm not aware of any other business that pays VAT daily ...

My assumption would be that they're transferring the rump of the seller's shares ahead of any number of over/due news items.

I'm keen to see how many ozs of indicated resources have been added at Dugbe/Tuzon from the prior 2m oz myself ...

How many Villa fans are there on here? :)

Limit order / FoK order usually breaks the NT - shouldn't be at NT of course if these big 16.50p prints are actually sells ......

Obviously Cannacord would like to try and show a lack of interest here - they've got orders to fill obvs.

In other, obviously more important news, Villa have just appointed Gerrard as manager.

Can't say I'm too happy about that but fingers crossed.

Yup.

Gold is going again - $1,864

Gold is going again ........

No different to the stock "market" - big boys do whatever TF they like.