Member Info for booboouberbear

https://www.linkedin.com/feed/update/urn:li:activity:7046426401117278208/

Just posted by the Singida GM, looks like pre-crushed material going up the conveyor belt and into the ball crusher perhaps.

End of next week / beginning of next for first gold pour confirmation IMO.

https://masterinvestor.co.uk/commodities/three-recovering-goldies/amp/

This conceivably (and there are always big ifs in mining, its a difficult business) could, pro rata be spooling off a clean $1,000 after AISCs on 100kOz+ per year, that's underlying profits on a loose par with the MCAP, it can more than double if the investment gods are nice to us.

Yes, liquidity and volume are what we want, the Macro and micro environment is delicious, volume (erho interest) will make this pop.

Looks like another weekend of forced mergers and sticking plasters.

It’s a strange scenario playing out, no getting away from it, you have a structural macro change where everyone from individuals, to professional investors, to sovereign nations are piling into physical gold at record post WW2 rates, for many reasons, and on the other hand you have no appetite for investment in the miners who actually dig it out the ground who will soon be throwing off serious real cash as a sector.

That all changes at some point in the near future of course, and it won’t be a trickle, it will be a flood when it does. The broker suggests “underlying earnings of $60 million in 2024”, that’s multiples of this SP based on average sector PE/Ratios. Load up and simply weight!

https://twitter.com/shanta_gold?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Strong confirmation of NLGM results for Q1 and Singida production up on deck.

Gold leaping about like an AIM penny share!

Markets don’t care, central banks are once more flooding liquidity back into the marketplace by the trillion, US federal Reserve Balance Sheet rose $300B last week, expect more this week, so despite most banks / financials now being insolvent with unrealised loses on their bonds bought at 0% over the last 15 years, the market has taken this has a strong buy signal, FTSE up 1.5% so far. All financials are now pretty much insolvent without central bank support.

What happens next is anyone’s guess, but as we now have a system that can’t withstand any real loses the eventual destination is hyperinflation.

Although we seem to have kicked into another gear this morning :-)

In a liquidity squeeze / falling market, generally speaking, well follow that and go down with it. Check out the volume on Friday, practically non-existent.

When it stabilises, and Gold is at ATHs, watch us go.

Markets will be lively tomorrow.

Credit Suise getting taken out by UBS for 15% of its closing price on Friday and a huge Swiss government bailout attached to it, being 1 of the top 30 systemic banks in the world, you have to expect there to be critical liquidity and market stress tomorrow if the markets decide bank share valuations are meaningless (which they are of course).

At $1950 an ounce and AISCs falling on last quarter (ill go out on a limb and say that, as USD and Price of Oil has fallen in our favour) there's a real chance we'll be spitting out a clean $1,000 margin (before the usual deductions) on 100k+ production a year come Q2...

Are we entering AUs golden age?

Fed Balance sheet has re-exploded by $300b, by their own admission, that could be the tip of the iceberg, Fed Balance sheet could be heading north of $10t. Things could get out of hand very quickly.

With Oil tanking, we could be in a dream scenario of Gold going up and AISCs coming down.

Carnage in the banking sector, this time European banks, get ready for the next installment of bailouts, but don't calk it a bailout / QE.

To add, there is a complete rout underway in the US Regional Banking System. Further treasury / federal reserve intervention won't be far away.

Yes, sounds crazy on the face of it, but who knows what large holders are up to in the background, they could be desperate for cash, having margin calls, etc.

It'll happen, only timing.

It'll pop one day, when you least expect it.

It'll pop one day, when you least expect it.