Member Info for ElProfessor

Hi Tiger,
Sorry if I wasn't clear. I think we hit a £ all time high last night but in dollars (and euros) we were only closing in on all time highs with the dollar price at $1860 so therefore about $60 to go.
On a separate note we seem to be starting off slow again so let's hope we pick up speed as the day goes on.
Best wishes,
Prof

Looks like gold took out the all time high in GBP overnight peaking at £1462 and currently sat at £1460. It is closing in on the dollar and euros all time highs too being sat respectively at £1857 and 1610 euros. After yesterday's disappointing share price performance against the backdrop of soaring gold let us hope today the correlation resumes. For when 200+?
Best wishes,
Prof

Market,
Now there is a name from the past. I had forgotten (shame on me) Mac.
Prof

Market,
Quality not quantity.
Love your quality!
Best wishes,
Prof

Hi Market,
I agree with you Marmot should post more but then I always feel you should too!
I keep thinking of the old adage that 'it isn't a profit until you crystallise it' and think we could have the same moto for the golden flip flop club: 'You're not a real member till you are wearing them'.
The only problem of course if what keeps us all so united is our interest on where the share price is going which is of course dependant upon us not crystallising and wearing the flip flops.
Love the fact that consensus seems to be when (probably in the next two weeks) we break 200 not if. Amazing, although also very scary, to think that just 4 months ago we briefly traded at under half the current price. Scary because it makes you realise how quick our fortunes can turn.
Best wishes,
Prof

Sotolo,
How lucky that I can't stop you putting more in, in real life. You keep doing very well out of it.
Well done for HOCS too.
Best wishes,
Prof

Hi Dasut,
Like you having seen 197 briefly earlier today and then seen gold soar I was expecting to see a further rise and perhaps the elusive 200+. Disappointed to see the pull back but as Tiger rightly reminds us we did close at a high yesterday (not sure if all time - was it not briefly higher in 2010?). Fingers crossed therefore that we are just seeing some algorithm driven profit trading and will see the next leg up soon. Can't help but think that when H1 profit numbers and interim dividend are announced early Aug that they will be even better than expectations and it will lift the lid on just quite how 'demented our cash machine' is (Tibbs your beautiful phrase I seem to remember from a few years back). And Q2 numbers 'only' had an average gold sell price of $1730. The way we are going Q3 could be $100 higher again. £2.50 for this share anyone?
Best wishes,
Prof

Hi T21A,
Thanks for sharing that - very good news. The TSX close price doesn't always seem to feed 100% across to the London opening so here's hoping it does this time. A 195p opening, which is what $3.32 (canadian) equates to would be a great way to start the week.
Best wishes,
Prof

... in the importance of where we close at the end of a week then CEY above 190 and gold above $1810 looks like a pretty good sign.

Hi Goldgnome,

I am with you there.It was the old CEY mantra but then was abandoned for a couple of years at great pain for the share holders.

Any sunburn of late?

Best wishes,
Prof

Hi Mike,
Thanks for clarifying the question. When I said H1 financials should be stunning I was referring to when they go into more detail on 04 Aug at the interims on the financials for the first half of this year. From today we already have a bit more detail: H1 Production 255k oz, Q2 average price of gold realised $1731, Q2 AISC of $900, (so $831 per oz profit or $415 per oz after profit share), Q2 revenue of $227M (54% up YoY ) and interestingly cash held, as at the end of June of $367M and this after paying out the May dividend. In short I would expect on 04 Aug a reiteration of just how healthy a financial position they are in and a good interim dividend to be announced for Sep. Interestingly a few years back (can't remember if 2016 or 2017) they were holding too much cash so paid out a special dividend which took the total to the year to c15c. I wonder whether we could see this again next month as they will be generating a lot more cash this quarter with POG now above $1800.
With regard to H2 Production well guidance for full year go 510-525k would mean 255-235k oz. Notwithstanding their explanation of delayed maintenance from Q2 to Q3 being behind a massive outperformance in Q2 I can't help but feel management are desperate to keep expectation down so they can excel. I was disappointed to hear 510-540k become 510-525k and still like to think they might well exceed this.
What do you reckon?
Best wishes,
Prof

Hi Dasut,
Glad to hear you take on it and reassured by how confident you feel.
Let us hope that it is a delayed reaction and we see a good rise over the next few days/ weeks. Provided gold stays good then between that, then the H1 interims then the month or so wait to ex-dividend then we could be in for some good times ahead.
Starting to feel £3 is a real possibility at some point in the next 18months. Then again if gold falls back then £1.50 is also a possible. Got to love CEY.
Best wishes,
Prof

Thanks Razors.

Money in the bank by the end of Sep then!

Hi Mike,

Sorry but I don't quite get the question. Can you clarify please?

Thanks,
Prof

Hi Razors,
Well in response to you comment:
'today's response was mute to say the least'
I would say in my best Sir Humphrey voice from 'Yes Prime Minister:
'Yes and no'.
I agree that it would be have been nice to see a stronger rise however we have taken out the 12 month intra-day high having reached 193.05. I think you have to go back to Apr 17 to see higher when it got to 193.8. We have also closed above 190 for the first time also, I think since Apr 17, and taken out that troublesome 188 resistance end of day level.
With gold staying above 1800 we could well see us pushing up towards the 200s this week. H1 interims are on 04 Aug. They should be stunning so if we get a good interim dividend announced we could not just break the 200 but really fly.
Best wishes,
Prof

Well before the 200 we have the 193.9 which was the intra-day high back in Apr 2017. I do wonder whether once we are through that then 200 may not be the barrier we fear.

Morning Sotolo,
Well it is up just 3p on opening taking us to just a fraction above 190p. Are the two factors cancelling themselves broadly out or is it a steady start that will be followed by a steady and continuous rise through the day? In many ways avoiding a gap up start is not a bad thing if we climb hereon in.
Hope all is well.
Best wishes,
Prof

Spot,
Like you I took the fact that they were mentioning it as a positive sign.
Prof

Overall great results with Q2 production guidance beaten by 15koz although they attribute that to delayed support works which will now take place in H2. I also like the fantastic average price of gold sold at $1731 which obviously follows through into some fantastic financials. I was however disappointed to see full year production guidance narrowed from 510-525k to 510 to 525k. Yes that is narrowing but with everything coming off the top end of the range and it seems no clear explanation. On the plus side with Q1 at 125k and Q2 at 130k that is an H1 of 255k so we are half way there to the bottom end which is certainly better than the 40/60 originally guided and the patter of last year. Let us hope the market gives us a thumbs up for that.

Hi Rulocal,
Presume you are referring to COMEX futures rather than SPOT for gold price being above $1800.
Prof