Member Info for cadell

The SP graph goes gently upwards despite the shorters. I look forward to the next production report.

Unless they already have some big deal lined up, I wish the Board would stick to digging gold and selling it. Selling assets is unsettling for everyone.

Opened at over 60P on the ask. There have been more buys (volume) than sells and the price of SP has dropped to 58p. Inexplicable.

Thanks for the useful view, I regard you as my guide through a very strange situation. Seemingly an under-rated share whose SP goes down against logic.

IMO, Newcrest will sell out to BHP after October. Newcrest will then spend a chunk buying out GGP (Greatlands's) interest in the Haverion gold/copper prospect. The timing is right. Better to have all a small cake than a slice of a bigger one.

Agree with many of the positive views. Time for a new broom and the potential is still there.

Totally agree to Welshdragon. This is not going to be a quick buck but the future looks great.

It amazes me how little comment there is on Resolute considering the various mines in various jurisdictions. Is there nobody with contacts to shed light on progress?

On a six-month view, and given current bullion price, this should be a very profitable entry point IMO.

Cheer up, everyone! Think of all the Saudis who stumped up a billion and a half dollars for shares in their national oil co. only six months ago.

Market value £212million Cash in hand £152million. Trading profitably and sitting on an oilfield.
You do the sums.

A lot of indebted companies will go under, particularly in the Permian. Hurricane will survive and in six month's time, oil consumption will not be back to normal but will be close to it. If I had the testicles and money, this is buying time in both senses of the word.

Not sure about the divi but with full production, 16p seems a pretty safe bet.

...and Serica is down 13% and they are mostly selling gas!

Many thanks for the flow of info, Monkshood. It's good to see the SP starting to move in the right direction.

I'm curious to know who's buying all this Saudi oil. America? Certainly not any longer. China? But they're tied into Russian oil and Iran. Europe? There's plenty around the Med plus North Sea and Nigeria. Seems to me that the Saudi must be filling ships - but for how long?

If Longwait is right, the Saudis will feel the pain very shortly. How delightful!

Given the likely trajectory of the price of gold, this share price will seem very cheap in six month's time.

The Saudi's are determined to bust a lot of companies to leave them in pole position. I genuinely believe RBD will survive and moreover that the Oil price will recover - but not until next year.
It might be a long wait...

It would be nice to get back to break-even on one share in my portfolio! If only the POG doesn't collapse by everyone having to sell to cover losses elsewhere...