Member Info for booboouberbear

Agree, keep doing what they are doing and the offers should flood in, in 12-18 months if they plan is executed here over NLGM, Singida and WK it will be interesting to see where we are in terms of SP.

Zurrin has already said in an interview 3m+ Oz, so we could be heading higher from that, and now with breakout targets being drilled, this is heading into the territory of its Lake Victoria neighbour, Gieta IMO (only higher virgin grades)

I can’t see Shanta ever having the money to really develop this kind of mine, some of these hits are 600m+ deep, to me it looks like a Greatland Gold style farm in as you need serious deep pockets to be digging those kind of holes.

Insane grades you will only find at the top 10 graded mines in the world. You just don't find these kinds of grades anymore. Truly world beating.

An interesting watch today the Spot Price, with the news “better” out of Russia / Ukraine it’s taken an instant hit, it’s back to macro matters and will be interesting to see if AUX bounces back again in afternoon COMEX trade.

Gold continuing to rise in the afternoon on COMEX, it’s an interesting switch as of late, it used to do well in the morning then struggle in afternoon trade on COMEX, it’s now the opposite, last few weeks it’s the COMEX trade in the US session that seems to be making it rise!

I would agree, its and upfront and honest assessment of things:

“Total capital spend at Singida in 2022 is estimated at approximately US$25 million resulting in production early 2023, assuming the current guided production forecast at our operating mine New Luika Gold Mine and an average gold price of approximately US$1800/oz.”

If AUX is lower, it will be slower, if AUX is higher, they can probably accelerate the construction programme.

Things will be tight for the first 6 to 9 months of 2022, but things are building a nice head of steam towards 2023 when this looks a different beast.

Just gone vertical....Russia?

The strength in US 2s and 10s is simply staggering today. If AUX even holds its ground today its a bullish sign.

The strength in US 2s and 10s is simply staggering today. If AUX even holds its ground today its a bullish sign.

https://www.morningstar.com/stocks/xlon/shg/ownership

The "good" news is that all the major hedgies who have done all the damage here are almost now out bar some negligible holdings.

US Inflation numbers coming in hot again. AUX takes a tumble as you’d expect on the kneejerk reaction associated to bond yields and the Greenback, etc. Interesting to see if it comes back again today, I expect it will IMO.

Excited to see what they throw up and if the 110% and 130% of plan is maintained / beaten in this updated resource.

Another serious comeback on the AUX intraday chart. Leads sucker to the possibility that a whale(s) in the form of a central bank(s) are in their lapping up everything available.

Yes, sorry, perhaps crossed wires, I was talking about the spot price of AUX, not the SP. AUX making a bit of a comeback as we speak.

US Jobs Report.

The truth is the Fed is trapped, and they obviously know / knew there was an inflation problem a long way out (they have access to the best data there is) but what can they really do?

Inflation raging on one side and an economy that can only live on 0% interest rates on the other.

They have a decision to make on what is worse, let inflation rip or jack up interest rates, either could cause a recession / depression if they get it wrong, the temptation (temporary easier thing to do) is to let inflation go as it’s the lesser of two evils, but if they get that wrong and the dollar tanks, well, they will have a much bigger problem on their hands further down the line, it’s as big stakes as you’ll ever get.

Putting interest rates (in dollar denomination) will effect some 75% of all international debt in some way or another, that’s the kind of stakes we are taking, you could floor the developing world overnight.

Through years of living way beyond our means and on debt which costs nothing, we have created a situation where the fire has been lit and all the fire exists have been sealed (central banks know this and are collecting gold at decades highs) the plebs like us aren't supposed to realise the size of the problem until it's too late.

https://www.fool.com.au/2022/02/03/asx-gold-shares-in-focus-amid-whale-rumours/

Originally from Bloomberg. Think there is a serious central bank (or banks) collecting the yellow metal in the background.

IIs are dumping PM shares for fun at the moment (why the drop here), this despite PMs (and AU especially) barely moving downwards. It’s an odd scenario, as @ deepjoy at 10:12am yesterday suggested this is a broad-based movement as they pivot away from an inflation risk investment in AU as they believe inflation will be dealt with by raising interest rates (it won’t remotely and it won’t end well IMHO).

As for the company itself, today’s news shows there’s a bright future here if we can just close our eyes for the next 6 – 12 months.

There's clearly intervention going on in the USD$, it's extreme strength doesn't make a great deal of sense, oddly is badly damaging the PM and BM markets, but not making any difference to the O&G or Agriculture Commodity Markets?

You've got to assume there central bank action going on in the background to create a strong dollar to help curtail inflation, if there ever comes a dollar correction of 10/20% they'll be enormous problems.

Federal Reserve day. That means it gets smashed. Doesn't matter what they announce. It always gets smashed on this day.