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A couple of things are preventing this from rising. The first and most significant is that we have had a significant seller for the last few months - DWS has been selling down and the volume hasn't been sufficient to clear it. Once this has cleared I suspect that we will see a rise. However, for it to rise as significantly as I think it can, it needs to demonstrate that the funding is being utilised effectively and that production is increasing accordingly. At that point the company will be very cash generating considering that it is pretty neutral at very low production levels.
Which is a bit of a damning indictment to be honest. In my experience good people in any industry have a pretty strong knowledge about all aspects of the industry so for people in renewables to not be aware of an established energy storage technology is pretty poor.
I can't wait for the match tomorrow. I am actually less nervous about this one because of the widespread expectation that we are going to lose!
I think referring to this as the final is somewhat disrespectful to the Welsh and South Africans. The favourite will likely come from this game but the final will be a one off match and who knows what can happen?
Bizarre changes by VanEck - the Bushveld 'hokey cokey'! Certainly can't complain if it adds to demand over the next few sessions. I wonder whether people selling will get the message and stand back to let them scramble for shares? Experience says they won't but you can but hope!
After market trades are always dubious and the price, whilst suggesting a sell, is difficult to judge as it may have been worked. I would have a look at the REMX holding tomorrow as that is an obvious source.
Wow! Excellent news and dare I say that is a confirmed breakout on decent volume?
Weird time to release the news but I doubt whether the reaction is anywhere near complete after only a few minutes of market time. Should be a good opening tomorrow.
Exactly. People think that because the price of gold has gone up somewhat in the last few months that this is the obvious status quo. It was not a case of making money it was a case of guaranteeing survival in the light of debt repayments coming due. The hedge is likely a drag on profitability in the future but the alternative would have been to risk not being able to repay debt.
'Lie'? Which bit is a lie? The fact that they used 2000 oz of the hedge or the fact that they deferred the rest or the fact that they had full exposure to the gold price during the quarter? I'll give you a clue. None of those is a lie. The fact that the hedge will result in less revenue if gold remains above the hedge value is true but that doesn't make the statements you quote a lie.
"Institutional investors can generally figure these things out - now you're all aware as well." I am sure that you could have made that more condescending if you tried. Or perhaps not.
The VAT situation is referenced in every quarterly update and today's is no exception. The outstanding amount continues to grow and is now greater than the outstanding debt. On the conference call Eric indicated that there had been no change with this but that the operational environment in Tanzania is improving with the Barrick deal seemingly key to this.