Member Info for BPat890

Gino - I'm watching those events unfold too, lot of uncertainty over there which might be acting as a drag on our share price but this isn't the first time extremists in northern Mozambique have posed a threat to the people in Tanzania. Last year there were several cross-border attacks carried out on villages in Tanzania's Mtwara region (bordering Mozambique).

The nearest major town to the New Luika mine, Mbeya is a 700km drive from the border. So while distressing on a human and emotional level, I am not overly concerned about the wider political implications in the region.

Completely agree Supercharger, people are regularly paying £36 ($50) per ounce for certain silver coins on Ebay and this is normal pricing compared to the Royal Mint who are charging £34 after VAT. It's a rich mans game and it favours the young assuming they have the wisdom to sit on their hands.

Next quarter they will reach optimum production and announce production guidance for the remainder of the year but for now it's hats on and back to digging. Hopefully more details revealed in early April!

Time to add some more SHG!

I think it best not to rush judgement. I believe Zenit which is under the management of Proccea have taken out the loan. Ariana only holds a 23.5% stake in the JV and are not responsible for these loan repayments.

The cash from the partial disposal of our stake in the JV, resulting in the 23.5% holding goes straight to Ariana, of which a portion is earmarked for a special shareholder dividend. The rest appears to be headed towards other projects including the earn-in of the Copper project in Cyprus.

"With our enhanced cash position of about £25 million, following completion, this deal will catalyse further exploration and development across Turkey and the wider region, as we pursue project opportunities on behalf of the Joint Venture. We are already advancing our interest in Venus Minerals and expect to reach 50% ownership during 2021 while supporting its resource development and exploration programmes in Cyprus. Separately, we are progressing our assessment of several gold and copper-gold projects elsewhere in Eastern Europe, for which we expect to announce further developments during H1 2021.

"We look forward to updating the market on these and other high-impact initiatives that will be advanced by the Company during the coming months. In addition, we are advancing our plans to distribute a substantial special dividend to reward our loyal shareholders during 2021."

Added on that news. First Majestic were happy enough accepting 50p shares :)

£12m market cap
£7.6m PGMs on hand and due to be sold next quarter
£2m cash on hand

Making operating profits of £2.66m in the first half of the year and expected to increase in second half.

Sale of Kilimapesa and retained holding of roughly 30% with no future costs

Will be adding to my position :)

I can't understand the excitement of replacing salt to be honest. Salt plays an important role in our diets and provides health benefits if consumed in moderation.

I'm a buyer ;)

Only watching here also, holding RFX from 138p and not too concerned about the speed of recent gains made. Half wondering whether HAT will stage a similar bounce in the next few months as we open up and people go out and spend more.

I read that this evening and made a note, look into PAT this weekend. Looks a solid bet at a decent price. I have KEFI and CNR too but this looks more of an early stage play that could add a touch of excitement to our lives :)

Biden is expected to pass the bill Friday afternoon. Markets should be green again tomorrow.

Thanks for your reply Tony. Isn't the chance of US rate rise this year or 'soon' extremely slim? I'm sure Powell has mentioned rates will remain at current levels until 2023. But even if they raise rates and bond yields continue to rise, that would mean the US are paying more interest on their massive $30 trillion debt pile.

Like you say the US are ahead of the EU in terms of vaccine rollout and their economy returning to growth should encourage dollar investments. But if inflation takes off investors won't want to hold onto the USD and see their value eroded.

The PE values are striking and definitely point towards imbalance in the markets. Perhaps the US10YR normalising at 1.5% will act as a stabiliser for when there is a temporary rise in inflation.

It will be interesting to watch and hopefully not as painful as 2008. Thanks again

Last year when the stimulus package was signed in it took a couple or weeks before the DXY fell. Gold had already bounced off lows mid March but it didn't break $1800/oz until weeks later and only once the USD began to fall. I believe we are moving in this direction again but first we need to see this $1.9 trillion signed off by Biden and time for the economy to absorb this new 'hit' into the system.

Bazzaman's comment about the delay is I believe behind today's sudden interest and with results due in 6-7 weeks hopefully this is the beginning of the march to 150+

Sensible views as always jointhedots! Thanks for sharing your research over the past year, it has been interesting to read more about the mines in the (no longer) contested region.

I don't fully understand why the USD is strengthening now at a time when more stimulus added to the system is expected to drive growth and inflation this summer.

I read this weekend Germany's bond yields are negative 0.3%, the UK are positive 0.75% but US yields are now 1.6% - surely a bad thing for the USD.

I took another 1200 shares off the market today, the price was a little higher than I was hoping to pay but still very happy with that price :)

Much prefer the new company strategy to pay reduced dividends of 10% whilst advancing debt repayments on a faster path.

Sorry to hear that apro, I'm nursing losses elsewhere too.

There's a lot of pain in the mining sector lately but hopefully we see a switch in sentiment now the $1.9 trillon has passed. More money being shifted from the Federal government to the State governments will hopefully put a dampener on bond yields and release liquidity back into the market. Doesn't look like gold is going anywhere but same thing happened last year when it dipped to $1450/oz before topping out a few months later at $2090/oz.

Wow the Asacha update today came quicker than most of us were hoping! Okay in it, they mention grade mined in the first two months as being 5.1g/t so are costs / profits going to be much lower?

And how will production of 5,122 oz measure up with previous quarters? Are we still on track to reach guidance?