Member Info for BushyTailed

I've mentioned the forward valuations being multi-multibags for that very same reason.

Even with gold at Q3 price of 1780 with an ASIC of 1000 over 350k ounces is revenue of 623m, EBITDA of 273m or a net earnings figure of 126.4m USD.

On a 10 times earnings basis that's 1.26B mcap or a share price of $3.12 or £2.29 in real money ( that's a 15 bagger using very very conservative assumptions). As Bonker99 says "it's not difficult maths" the only reason not to buy here is if you think GOLD will somehow fail and under perform inflation.

I'm 10k down but I do plan on being 100k up inside 2 years from here so it's no different than being £10 down after day 1 when trying to snipe £100 over 3 days.

Just look at the assets, never mind the licences, just the dirt above ground that can be liquidated along with infrastructural assets, vehicles , cash and gold. Your money is safe as houses here.

Sinic Holdings has become the latest firm to be caught up in the downward spiral set off by Evergrande, the Chinese behemoth considered too big to fail by market analysts.

Fitch ratings downgraded Sinic today after it defaulted on its debt interest payment. The firm is uncertain to honour a $246m bond repayment due later this month.

The news came a day after the Chinese government suspended shares of Evergrande. According to Chinese media reports, a major transaction is afoot involving the real estate giant, which may shore it up and stabilize the market.

Sinic’s top boss Zhang Yuanlin lost more than a billion dollars in the market last month in a selloff triggered by Evergrande’s dwindling fortunes.

On Monday, Shenzen-based Fantasia Holdings too had failed to honor its $205.7 million bond repayment bringing down the Chinese home builders’ bond value by 50 per cent.

The series of defaults are due to an ongoing concern with a debt-smacked Evergrande.

Though there’s been no official word from the Chinese government of a bailout or a similar assistance, an interest by Hopson Development in buying 51 per cent of stake in Evergrande has kept investors’ hope up.

Overleveraged by billions, Evergrande has faced difficulties in paying interests on its debts after China brought laws to cap money owed by major real estate firms in the country.

Its predicament has sent shockwaves in the global market and jeopardized its investors and ancillary markets.

Jan you're looking at the wrong company then if that's your rationale,.News will move HUM, the gold price has been immaterial here for a long time.

The right RNS and this will be back shifting through 30p before you can say taper tantrum.

You'll never buy here then Jan in that case

Does kai mi really think that every gold producer operates out of Mali, or does she have very little understanding of wider market?

Other than a few seconds on a recent broadcast the BOD have done nothing to support the SP. Similarly story over at cey and on a recent Q/A the shareholders really let them know. Makes one wonder if there's M&A doing the rounds. Have a look at Kirkland Gold recently and what's caused their SP to buck the trend.

https://seekingalpha.com/news/3744893-kirkland-lake-gold-spikes-on-sale-speculation

Where?

Imo we'll add circa 9.5 million met cash for Q3 add this to the net cash position of circa 12.5 million for Q2 and we're in for circa 22 million usd net cash. Similar performance for q4 will gives us a YE net cash position of circa 30 million usd.

Not too shabby for a bad year.

Yup, no sellers then. Happy days!

Not worried about POG 1750 has been strong support recently. What platform was you struggling with, I was on AJ Bell?

I can't get an online buy quote for anything over 3.5K but I can sell as many as I want.

Swampy, You didn't imagine it, I recall it being a BOD gripe too

Supposedly In at the technical bottom with no liquidity and didn't even move the bid, wow mr big shot, how much was it £50?

You're an absolute walter, DIM by name DIM by nature.

Wilco

I think the uplift in margin and reduction in AISC mainly come from to come from the recent stripping nearing completion, the implementation of the new dams and an increase in processing throughout, north of 1.3mt rather than a straightforward uplift in grade, although grade should improve somewhat too. Given these are physical changes that can be managed, maintained and built on I think we'll see the full benefit in the Q1 update.

Not only accommodated your entry but without even moving the bid.

Watch out folks it's the wolf of paternoster

Monkey I'm not here to compete with you, I 100% couldn't careless about how good you are or how bad others who don't agree with you are... But whilst you want to talk about perception and "saying it as it is" then here goes...

My perception of you is a bull5h1tt1ng cad, who believes his own ego and that you're the most intelligent person in the room. You are two a penny, a sniffling little rat who is not at all pleasant.

It takes a long time to build a position in a ranging market with low liquidity, moron's who think their posting will behaviour will help them call a bottom or top will eventually get carried out and lose it all. I'm afraid time and experience has already proved me right on this one, take the advice whilst you can.

Ps if you think a company has value with such an abhorrent representation of corporate governance then that really says it all. You're probably a mad CFD punter on massive spreads and huge leverage, hence your desperation to call the absolute bottom. Put it this way, there wasn't enough liquidity for me to buy all mine in one go at 15.7p glad the market was able to accommodate your massive entry anyway, gl fella.

Lol monkey, What one thinks or see's is not always a reflection of reality.

In the immortal words of Maxi Jazz, "You don't need eyes to see, you need vision".

100% wilco, I think Q3 will be circa 1270 aisc and Q4 will actually be closer to 1000 than 1250. I also think we'll be be looking at 22 guidance of sub 1000 aisc.

That almost sounds like you're on the buy side now monkey