Member Info for BushyTailed

Larry Fink quoted in 2010 that QE was essentially a tax on the poor.

If you consider that the gap between the rich and poor has widened since the global financial crisis, then he might have had a point.

Sorry, wrong way round.... It's treasuries minus inflation, but you get the gist

Real rates... Inflation minus the treasury yield is the real driver of gold prices.

Inflation at 2% with the 10 year at 1.50%, equals a guaranteed loss of 0.5% a year, the only way to hedge that and protect your capital is to remove it from the Fiat system buy commodity money QE is a massive driver of gold prices, the trend from 2008 is undeniable.

There's some crazy expectations, some poster have even been claiming that Dan needs to up the grade to 3% now to make money, It's simply not true and comical almost.

Courtesy of John Hemming from the ADVFN board.
johnhemming26 Feb '21 - 16:09 - 4275 of 4277
0 2 0
The truth of the matter appears to be somewhere between people's views. I have been looking at the history of Yanfolila and it seems to have some consistency
w w w .goldfields . com/reports/annual_report_2012/minerals/exp-int-yanfolila.php

It may be that the grades more recently were unexpectedly low and that expectations could have been better managed. However, Hummingbird have until recently had to do things without much free cash available.

Inevitably where things go with inflation and the POG will drive a lot of this, but to be cash positive has to be a good thing.

Hi thanks Juxta,

No i don't have a problem with truths, may i refer you back to my previous posts with actual verifiable facts, rather than confirmation bias conjecture?

Some Perspective - RSI'sToday 13:17
GOLD - 29.40
HUM - 20.40
CEY - 25.83
SHG - 27.77
SRB - 30.44

Best regards

GOLD - 29.40
HUM - 20.40
CEY - 25.83
SHG - 27.77
SRB - 30.44

Inflation is already here imo, if anything covid was a blessing for monetary policy makers, in holding back the tide.

if we exclude the march sell off's industrial metals have been flying.

Rhodium up around 5000%
Palladium up around 400%
Silver and copper both up 44% & 66% respectively since last February.

These huge increases in the cost of metals, will start hitting the actual cost of goods eventually. Anyone who's getting the central heating system replaced this year are likely to be paying more than they would have done this time last year for sure.

Keep an eye on the CPI

Conno, buying hum for the future is a very shrewd decision imo, future fair valuations on 350k ounces is likely to be north of £4 a share.

You don't really need to average if you see yourself as a long term holder. This nonsense will pass in due time.

Correction...

*It needs to stop

Firstly, TBTT is not the only person propagating manipulated half truths, it's almost endemic here. It was probably unfair to put his handle in the subject field for everyone to repeat post on though, and that I apologise for

However we even have a mutual masturbation club, who so far hasn't set out any goals or purpose for the collective only to post on here when it's members are actually buying are not.

It's painstakingly obvious what is going on here and stops right now before it ends up with the FSA.

No... Naivety is describing 1993 gold mining accounting standards of 'cash costing' and applying it as the definition of the 2013 standardisation of AISC.

Ignorance is propagating bull****, even after that actual facts have been presented to you, a bit like flat earthers, they're not naive, just stupid.

The clue is in the name 'All In Sustaining Costs'

"factsToday 11:25
Unfortunately you're showing your naivety here Bushy.
If you believe every company reports their AISC the same way then you're in for a hard lesson ;)
What is and isn't included in an AISC cost calculation is not a hard and fast rule, and there is guidance, and companies are "encouraged" to follow guidance, but it's still just "guidance"."

All In Sustained Cost

Traditionally, the "cash costs" reporting, which was introduced in 1996, has focused only on the mining and processing costs incurred, instead of focusing on the costs incurred in the complete mining life cycle from exploration to closure. In short, the full costs of getting gold out of the ground, to highlight the true miner profitability, the AISC.

It seems TBTT is getting EBIDA confused with AISC or is trying his hardest ti manipulate half truths again

AISC, INCLUDES THE FULL COST OF OPERATING A MINE.

Here's a link that explains exactly what it is....
https://seekingalpha.com/article/2799985-the-concept-of-aisc-in-the-gold-mining-industry-strength-and-weakness

Yes Anon... I have the gall to call moronic trolls out on their false claims.

I posted a list of the top 25 shareholders excluding retail platforms you're still insisting there's no institutional support.

Are you really this stupid or do your think others here are that stupid? Whichever it is, it doesn't stand you in a good light.

Ps respect is earned, it is not expected.

Well trying too, can't get a quote through AJ bell had to stick a limit in for 21.5 which probably says a lot about some peoples behaviour here

FCF fair value almost £3 a share, divs with dugbe at full production will likely exceed this current sp. Crazy absolutely crazy, with the curve yield getting out of control the writing is more than just on the wall.

"One mans junk is another mans treasure"

Anon3

"Institutional Investors dint wait hold for very long"

Ffs

How do you filter people, TBTT is clearly an unhinged individual with absolutely zero clue or class?

If you really think a PE of less than x2.5 and a PB value of 0.65 is to expensive for a profitable debt free gold miner then sell it and jog on.. You're clearly wasting your time trying to convince educated people, you're unhappy and losing money. You need to sell and move on tiger, draw a line under it and go and be happy.

Smells like false rage over here, with all this crying...

Someone was also posting that their isn't institutional support other than retail investor platforms earlier, so I took the liberty of fact checking that came across a list of the companies top 25 shareholders by ownership.

9.39%- Ruffer LLP 33,568,649
4.98%- Sustainable Capital Ltd 17,810,854 $3.9m -16.7% 2.78%
4.79% - Jupiter Asset Management Limited 17,122,794 $3.8m 0% 0.02%
3.78% - M&G Investment Management Limited 13,500,000 $3.0m 0% 0.01%
3.37% - Schroder Investment Management Limited 12,035,419 $2.6m 0% no data
3.2% - HBOS Investment Fund Managers Limited 11,420,691 $2.5m 0% 0.03%
2.83% - Standard Life Aberdeen plc 10,129,142 $2.2m 0% no data
2.51% -IG Group Holdings Plc, Asset Management Arm 8,983,905 $2.0m 0% 0.25%
2.25% - Barclays Bank PLC, Wealth and Investment Management Division 8,031,313 $1.8m 0% 0.02%
1.92% -Cartesian Capital Group, LLC 6,880,000 $1.5m 0% 3.43%
1.83% -DZ Bank AG, Asset Management Arm 6,555,431 $1.4m 0% 0.03%
1.74% -A J Bell Holdings Limited, Asset Management Arm 6,207,721 $1.4m 0% 0.02%
1.61% -River and Mercantile Asset Management LLP 5,750,000 $1.3m 0% 0.04%
1.52% - UBS Asset Management 5,447,695 $1.2m 0% no data
1.5% - JPMorgan Chase & Co, Brokerage and Securities Investments 5,346,000 $1.2m 0% no data
1.44% - Smith & Williamson Investment Management LLP 5,157,320 $1.1m 0% 0.02%
1.44% - AIMS Asset Management Sdn Bhd 5,150,000 $1.1m 0% 1.25%
1.39% - Investec Wealth & Investment Limited 4,966,953 $1.1m 0% 0.01%
1.28% - Hosking Partners LLP 4,559,982 $1.0m 0% 0.03%
1.27% - Daniel Betts 4,554,048 $1.0m 0% no data
1.27% - Interactive Brokers Group, Inc., Asset Management Arm 4,528,905
1.26% - Odey Asset Management LLP 4,493,893
1.24% - Bank Julius Bär & Co Ltd., Asset Management Arm 4,445,454
0.95% -Deutsche Bank, Private Banking and Investment Banking Investments 3,400,000
0.93% - Premier Fund Managers Limited 3,338,168

"TR1 report on threshold being crossed should be filed within 2 days of event."

Who says?