We would love to hear your thoughts about our site and services, please take our survey here.
James keeps delivering shareholder value at minimal cost. Best Managing Director of any AIM company.
In link below: Timelapse of road building, excavation, infrastucture development, and mining around the new Marsfontein blow (left hand side, 90x70 m white area). Need to enable javascript to view. Enjoy:
https://gifyu.com/image/S4GTg
js, photo below is dumps d and e labelled. they started with d and might now be using co****r material from dump e. i might be wrong but that's what james said they would do, and as we know this is the one company on aim that actually do what they say:
https://ibb.co/0dzwbcc
Looks like a really well managed mining operation now, making the most of an as yet small budget. Underlining that James is not just an expert geologist and explorer.
Great timing, as there are good months ahead for general markets: the Coppock curve has just signalled (last time this happened was 2009) - major institutions use this signal to pour money into stocks.
Fortissimo, you're not taking into account one important near-term positive: A strongly falling dollar could boost copper and gold prices far beyond the 'risk off' trade you perceive the latter to be. I'm estimating DXY down to 0.9 or 0.85, copper >$13,000/t and gold >$2,700/oz this year. That's consistent with the monthly charts for AAZ, copper, silver and gold, all with an extremely bullish MACD cross.
As I mentioned in autumn based on real bond yield inversion, the stresses in the financial system are becoming too obvious to ignore. Last week the Fed has stopped tightening and is pumping liquidity into the market, and the gold/silver run is steepening. Maybe one more pullpack from rising yields this week, thereafter gold should remain firmly >$2000 and the traders will go all in on anything gold/silver.
https://fred.stlouisfed.org/series/WALCL
js, so true. BOD's share price movement feels like back in the days when Rainbow Rare Earths was <3p, also some inexplicable selling in the early stages of the rally to 20p. Always a game changer when a company becomes revenue generating, allowing funds to get involved and better sources of capital to become available. I feel James was being rather unsubtle with his photo in the pothole..he knows our assets inside out.
Tony, I suggest you take a look at the monthly chart of AAZ - MACD cross just happening. Should be safe to let it run for several months, in line with Au/Ag and general equity prices. New bull leg started in autumn when real yield spreads turned negative, happens less than a handful of times per decade.
I just noticed Saxo have seconded my 2023 gold target of $3,000; however, they are bullish the USD and bearish US treasuries which I believe will do the inverse. Nevertheless some interesting ideas here:
https://www.home.saxo/en-gb/content/commentaries/pressrelease/saxo-2023-outrageous-predictions-the-war-economy-06122022
I believe James is taking the right steps with this. Get cash flow so funds can start taking up positions, and to improve the company's credit scores to become eligible to access other types of funding. These are the key to durable share price improvements, not the emotions of UK retail investors.
JB73, the macro view of gold having bottomed and a steep rally ahead I've posted about before, based on real yield inversion. Now that the MACD on the weekly is positive, even the traders notice it, alongside the top in DXY and bond yields. For targets, the Fibonacci extension of the 2018 low and 2020 high suggests ~$2650, likely it will overshoot somewhat but unlikely to exceed $3000 by much. The trader excitement likely will only start >$2000. Sentiment is still very bearish = accumulation time.
The strongly rising gold price will likely be just one of several positives for gold juniors over the next months: as a consequence of falling bond yields small cap stocks will benefit (lower borrowing costs), as a consequence of falling oil prices miners will benefit (lower energy costs), and as a consequence of a falling USD most stocks will benefit (lower labour/material costs).
Mick, just updating you on real US treasury yield spreads. I wrote earlier that "within days of the real 20s5s turning negative you'll find the numerical bottom of gold, GDX, etc". The real 20s5s spread turned negative on 19 September and both gold and GDX bottomed 5 trading days later, 26 September.
Last Friday October 21st the real 20s5s turned positive again. I also wrote "Negative real 20s5s yield spreads are highly unusual, this is only the 4th time since 2008 and they only last a couple of days or weeks. Then the stresses in the financial system become too obvious and gold/silver start their run." I believe the bull is loose.
Samval, let's agree to disagree. I believe many are underestimating the cash flow that gold/silver producers will have at higher metals prices and the rerating of explorers that will ensue. If the market were right then precious metal bull runs wouldn't happen at all, but they do - and they're fast and steep. Let's see where we are in a few months' time.