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As an aside, ENOG released results this morning. Very different company in very different environment but same sector. Another strong yielder as well. I hold both.

Incorrect. The main details of the PFS have been telegraphed, and not even very subtly, for weeks. Watch Segun's last 3 interviews on YouTube, it's all there. And then learn how to type in lower case.

😎😎😎😎

The PFS confirms a robust, long‑life gold project with strong economics, a substantial Mineral Reserve base, and a clear, accelerated pathway to development - underpinned by significant potential for further resource expansion.

Yup. Fuelling on caffeine now. Hopefully on adrenaline as well later this morning. SP will probably go up by 1% or something after all this build up !!

Gold just gone through $5,100 !!!!!

Gold currently above $5,060, up 1.7% already and it's not even 5am yet.

I need more sleep.

From AI but some interesting snippets I didn't know before.

In 2026, central banks—particularly those in China, Poland, and Brazil—are the primary drivers of the record-breaking gold buying, aiming to diversify reserves away from the U.S. dollar and hedge against geopolitical risks. Additionally, private-sector buyers, including hedge funds, and retail investors (via outlets like Costco) are actively purchasing, pushing prices toward expected peaks.

Key 2026 Gold Buyers & Trends:

Central Banks: Roughly 95% of central banks surveyed planned to increase their gold reserves in 2026, with anticipated purchases of around 755 tonnes.

Emerging Market Nations: China, Poland, and Brazil are dominant, with Asian central banks buying to hedge against weakening currencies.

Private Sector & Investors: Private-sector diversification, hedge funds, and retail investors are heavily involved, with high inflation and sovereign debt concerns driving demand.

Major Drivers: Fear of Western sanctions (following the Russian precedent), de-dollarization strategies, and geopolitical instability are the main catalysts.

The intense buying, especially from central banks, is considered a "structural" shift rather than a temporary trend, which is keeping demand exceptionally high despite record prices.

I know Central banks are buying tons, the Chinese in particular. Is this to preserve value only? Or to create a headache (to put it mildly) for the US by buying gold instead of their treasuries?

Institutional investors? Private investors??? As trades maybe?

Anyone got any good articles explaining this stuff? Any reliable figures or sensible estimates perhaps? I'd love to read and understand more about it.

Missed this RNS from Fri night...

Diversified Energy Company (“Diversified Energy” or the “Company”) (NYSE: DEC, LSE: DEC) today announced that pursuant to the terms of the Relationship Agreement executed with EIG Management Company, LLC (“EIG”) upon Diversified Energy’s acquisition of Maverick Natural Resources from investment funds managed by EIG and other owners in 2025, Randall Wade, Co-Founder of EIG, has today resigned from the Company’s Board of Directors following a reduction in EIG’s ownership of Diversified Energy below 10% of the Company’s outstanding shares. Mr. Wade has served as a valued member of the Board, contributing his deep expertise in energy investments and strategic growth. Mr. Wade's resignation was not the result of any disagreement with the Company.

"Shock Erhard" ?! Bloomin' budget phone!

"Shocker"

Agreed, it's all already out there, as they say. Segun has of course consistently stated in industry / investing interviews that the new mine has resources akin to Segilola and a ML of c. 10 years, as well as total costs and how it will be financed. If the PFS is a shock erhard, he will have ouef all over his handsome visage, just not gonna happen. He said 😅

Some fair points but the 2026 production guidance hasn't been "lowered", it's only just been actually released in the first place. Lower than 2025 as was always envisaged, but remember the ore stockpile and bullion too???

No "orchestration" whatsoever! The whole point of the investor meeting is to discuss the Senegal PFS so of course the two are close together!!!

I think you may be looking too hard for 🏴‍☠️ skulduggery 🏴‍☠️ me hearty.

Https://moneyforums.citywire.com/yaf_postsm358262_Transactions-v3.aspx#post358262

I rather think selling 80% on Friday, whilst profitable, will end with regret and heartache. But I have been wrong before! From another board I occasionally stalk / search for ideas.

I'm pretty sure that when the dividend was first announced, I calculated the yield back then as around 11%, obviously without the special one. So Thor ain't afraid of material payout ratios.

Sorry, senior moment, it needs a 90 DOLLAR rise. Silly old fart.

$4,972

+62.05

+1.26%

Gold needed a 90c (US) rise to get to $5,000.

It's $60 up so far.

Interesting if it gets there? 👍👍👍

Up 4% 🥴 so that aged well then !!!

Ex-div for 1.48p(?) but GP up again overnight to $4,949 and Canada SP ended up 8% at 1.61CAD or 86p to us Brits.

Probs not much change overall then?

I'll definitely be voting against the reelection of every single board member. I know they'll get the support of the II's and get back in, but I hope they meet significant resistance from long-suffering PIs. Anyone else up for tweaking their snouts in this way?

The AGM was on 23rd July last year.

I hold both this and INPP. The latter is extremely solid and well-run, unlike our feckless and self-interested BOD and managers. Can't wait for the next reelection votes to send my very clear message to them...

What's it all about, Alfie?