Member Info for Echo1

As posted gold just hit USD 1900
Gold price in October November was as low as USD 1650
So for every ounce POLY is producing the numbers for Q4 look incredibly favourable.
Inventories clearing and new sales channels established, strong positive cash flow as per the BOD in last update and the Chinese markets reopening post covid.
Bring it on :-)

Anyone attending next week?

Yes good call JS
There mining the marsfontein gravel dumps aren’t they?
And we definitely need the mechanics of the thorny river mining project to be revealed.
AND we’re also waiting for developments on the Ghaghoo front. Lots of work in the background on that according to JC
Good luck all

Thanks buck
One of only a few worthwhile posts today!

BSR
You’ve gone bananas
I can’t even be bothered to engage you
Gla

BSR
You’ve lost the plot big time mate.
Where’s all this hate coming from?

Heavy selling on the whole today
But a nice £317k buy keeps us in the current range nicely!

Yes good thoughts
Risk is still attached here but if either (or both) the re-domicile or the dividend comes back in 2023 the risk fades significantly imo.
And oh how they’ll all pile in :-)
GLA

Thanks guys (thumbs up)

A good read Alicia thanks
How do an increase in silver prices translate for POLY? Do we mine more gold than silver or vice Versa?

That we’ve consolidated above 300p
Spread is closing at 309p vs 319p
And gold price is usd 1885
Fingers crossed for a good q4 update

Yes a good angle.
I’ve thought for a while that the influence of the war is still present, but its receding as time passes.
Even if the war drags on for the rest of 2023 I think management are canny enough to pull the company away from it somewhat.
And as I’ve said - a buy price of 319p still offers superb value

A nice problem to have
But unfortunately i proper lolled at Rays riposte
A bit to go yet for me, b/e 360p

Mmmm yes :-) tasty

Do hope you’re correct :-)

After last Friday’s move I’d have been happy to move above 300p and consolidate by Friday coming.
But it’s very good to see we’ve made the move (in theory) early.
Me thinks plenty were waiting for a move away from 250p before adding or buying in fir the 1st time
If we hold for a blue day tomorrow I’d say a move towards 350p wouldn’t be unreasonable before the q4 update

Any thoughts?

Lol I thought Ade1 was in Vegas on a residency

Well we can debate all we want.
But let’s see what the market has to say tomorrow . .
GLA and fingers crossed for blue

Holding at 360p :-)
Friday’s 12% rise certainly took me by surprise but this week will be interesting
The Q4 update is a good fortnight off I’d say
And will gold continue the push towards $2000?
My money is on a gentle push past £3 by Friday
I hope I’m correct . . . GLA

It is Julian i quire agree. Had an exchange with JC over the weekend regarding the Ghaghoo project -

Morning ****’ I agree on Ghaghoo. I have had a resurgence of interest on this in past months and I really hope I can close this. As you would know, I can't say anything in the public domain until we have 'signed on the dotted line'. It has taken a great deal longer than expected and there has been considerable work in the background over the past few months. My thinking was to do an interview once I am a little further down the road on Ghaghoo. Best regards, James