Member Info for DrJamain

The various suitors are working through the process, it will take a bit of time.
If the price falls in to the 20s it is a chance to top up.
Uncertainty can shake people off and dropping the price can drive this but I see no reason to doubt currently.
Good things come to those who wait.

Yup, low support for Hoc and gold have been tested and held so far. Maybe another test tomorrow am before the Fed...

Two takeaways from Jefferies:
1) negotiations are ongoing
2) they want to price lower
I think their motives are pretty clear...

It's a little light gap filling before the action starts - an opportunity who want a cheap entry.
Revenue and profit matter, debt is cheap and manageable.

C-19 should reduce over the southern hemisphere summer, the Fed will continue to dilute the dollar to oblivion so production and realised price should both be very healthy going forward.
The gap is pretty much filled on the chart. The only question for me is what is the entry point. As I keep saying 2.30 first test, if broken then sub 2.00 is quite possible.
But long term the only way is up. Finger poised on the trigger...

sorry for repeat - first post failed to show up for a time!

Agreed, break below 2.30ish and we are probably looking at sub 2.00.
I suspect the big boys will get back from holiday next week and engineer low entries across the sector before the next upward move.

Yup, pretty likely. Most gold/silver miners are currently pausing for breath.
It'll be interesting when the big boys get back behind their desks after the holidays - I suspect they will try to engineer low entries before the next leg up. Watching and waiting currently.

First test is the intersection between the bottom on the H&S and the low trend line from the March low at 2.30. If it breaks that then I agree.

No problem Noel, it's a pretty clear chart formation for me.
We could well be close to the bottom now. I'm now looking to buy in but I'll be guided by support, volume, metals prices and news.

I see H&S:
Head at 3.20, shoulders at 2.80, neck around 2.75. Suggests low of 2.30ish. Coincides nicely with bottom trend line from March low.

160-188 would be a great entry point. I doubt it will get there but I'll be looking for a low to top up.
Precious metals are a great hedge as the dollar gets diluted to oblivion.

This looks like a classic head and shoulders formation on the chart.
Head at 3.20, shoulders around 2.75. Suggests a low of 2.30ish.
Time will tell.

Yes, nice bounce with decent volume. Nice upward channel, chart looks very good to me

Influences roughly in this order:
Fundamentals
Trend
Volume
News flow
Chart technicals (MACD, RSI etc)
Don't try to pick the top or bottom, just make money
and then...
sh*t happens (unknown unknowns)

The boardroom move today has rattled confidence.
Yesterday's POG narrative may no longer be the future. Powerful Russian interests are now well in play.
May be good, may be bad, but there is now uncertainty.

People don't fight like this over something without value.
It's a pain in the butt and a nasty tree shake but the fundamentals remain excellent.
Having not sold at 34p I am holding.

Thanks Rusty.
I think we'll have to categorise it as a 'known unknown' for the time being!

Just a question:
What is the value of concentrate to the 3rd party if they don't sell it on to a company like POG for processing? Surely it is a buyer's market and so the price should be pretty low?

Initial lockdown - misguided but understandable
Extended lockdown - mad and unnecessary
This is following a seasonal flu trajectory, CFR is massively lower than Spanish flu or the like