Member Info for BushyTailed

Stacie, the fed don't announce till tomorrow, wtf are you on about?

Gold futures for April have all the volume at 1930, so buying cheap here could be a wise move, providing production isn't impacted then it should feed into a rosy Q1 versus last year.

Double up at 57p if it comes

Licence or no licence, mines are suspending operations left right and centre in Peru as the demonstrations intensifies.

Some of the worlds biggest copper producers on that list too.

Re copper supply...Take a look at what's happening in peru

Daily stoch at 0.00 decent day trade opportunity if you're stacked and brave enough

64p and 50.50p weekly fib trace levels 100 and 138 respectively

Dollar on the turn, 50bbps tomorrow

They're not short, sensible...

Some interesting opinions of seeking Alpha.

https://uk.trustpilot.com/review/www.seekingalpha.com

Not the worst miss in the world, I suspect peeps are taking advantage of the overbought technicals to sell and buy back cheaper.

Added another 5%

Holding 15% of what I sold now

You never know Esan might just want to buy our 51% so they can dilute PAS into a royalty stream company. Let's face it what value are they adding now it's delivered to DFS?They'll never in a million years be able to contribute to any equity funding requirements that will be needed to develop it to production.

Is the dividend actually worth bothering with though?

If and it's a big if but if Leon can secure conventional lending from a bank then typically, they'll lend 80% of project value.

If the remaining 20% can't be funded from free cash flow or balances then an equity placing is usually required by the lender in advance of a loan.

Now before you start getting your knickers in a twist just consider that this is perfectly normal for mining operations with capex funding requirements who have a track record of delivering an NPV and free cash flow.

So if the northern limb requires 100 million, then no dilution would be required, however if the equity part of a capex finance exceeds 20 million than it's likely a placing would be required here.

For example if the project costs are expected to be 300 million then they'll need to raise 40 million in addition to the current fcf of circa 20 million.

Some people here don't understand lending but trust me, if they got bank lending for 300 million then the 40-60 million placing that would follow would be well worth it and much more transformative than previous shareholder dumps.

Two questions remain though... Could Leon get that kind of corporate support from a bank and is he prepared to stop manipulating the EV ratio by diluting shareholders as a way to fully finance capex?

Forgot to submit last week but would have lost anyway...Well done Newsvid.

Anyway, still biased and bullish, so I'll stick to my weeky atr strategy and go for 98.49 to give us a breakout over the 20 week MA and to establish a stronger trend.

Interesting appointment...Capex funding perhaps?

First time since mid June last year at circa 125p...Good signal that the downtrend is running out of steam. Whilst the 50 dma is providing price support, the near term target is the 200dma currently at circa 110p

I never re-invest dividends but that's because I'm more active on the technical side of things than some fundamental investors.

More cash equals more trading opportunities

GGP is a pump and dump plus it has Alex Borelli from BMR there

Little bounce from the 50 dma hopefully