Member Info for Genghis15

I had already read the article. Yes, the thoughts on the gold mkt are very interesting, and close to my own. Perhaps it would have been better to highlight that was your point ; otherwise surely by default the place for a GPM article is on the GPM bb?

Anyway, sorry you find my post iritating, it was not meant to be.

I would expect the SP to move up as 10 Nov approaches, then fall back as some dovest once they've got their entitlement. Both the current SP, and any fall post 10 NOV, do or will present opportunity, imv.

Agree, EoB, and I'm a holder as well as an OB reader. But the place for that discussion is on the GPM bb.

I know some holders pressed the BoD to insitute b/backs as a sure way to raise the SP. In an accounting sense, it works to raise NAV per share.. As a means of driving up the SP, it doesn't. Those pressing for it misunderstood the reasons many PIs held the shares - for the divi.

A divi cut was ALWAYS going to depress the SP here as disappointed divi chasers sold out to chase higher returns elsewhere. I don't hold atm, but will be sorely tempted to buy on any further weakness.

"I don’t expect it to 4 bag again"

I do.

Not this year, nor next, but in under 5 years, and mb even 2 or 3, I can't see any reason why it shouldn't get to 200p, as long as Segun can stay as focused as he has shown himself to be to date.

Agree mostly, but don't think we "over-benefited2 on the way up at all. And in Trumpworld, imho the afest place to be is gold, and I can't see that changing. I'm holding here. haven't sols any. Would buy more at this price, except I'm already way, wat o/weight for a single position. Onwards and upwards!

Gotta wonder if something's afoot....

"

Oil prices day to day dont drive investment decisions" Really? Not day to day, perhaps, but these low prices have been around for months now. Majors are prioritising s/holder returns over capex in this environment, so splurging cash on farm ins and takeovers gets cut back. It's the one short term cashflow you can control quickly.

Yes. well put. Kat. Sometimes the market knows what its doing, but sometimes it makes no sense at all. Forget MACDs and RSIs, gold is a historical hedge againsr debasement. Trump has undermined the $'s credibility, so sensible ppl are buying gold.

It has to top out somewhere. but none of us know where that top is. We may have overshot already, or it could fly up to $20k. I certainly don't know, and I don't think anyone else does.

Yes, well put. Pretty much sums up my own view. THX has grown to be a well overweight position in my PF, but if ever there was a time to be o/weight gold this is surely it, and THX mgt have done pretty much everything you can ask of a ltd co. I sleep better holding THX than I would holding USTs or cash at the moment.

Really relaxed about Segilola MLE. Plenty of time left ; extension was always part of initial planning, only Q is how much more open pit b4 going u/ground, and when satellites will be integrated. We know the gold's there. Segun has delivered this project well, and has imv shown good judgement in weighing up speed vs value maximisation in shaping the path forward.

With Douta he's chosen to delay PFS to incorporate more resource, and is using the delay to incorporate details in the PFS which will serve to shorten the timeline to DFS. I'm sure similar thinking is going into Segilola MLE.

As others have pointed out, it's quite feasible that Segilola continues past 2030, with Douta kicking in by 2028, and mb Cote d'Ivoire 2030. these projects were all viable @ $2000 gold, so will be huge cash generators @ $4k+, even with an inevitable (imho) bit of windfall taxation thrown in.

I've not sold a share yet, and don't intend to for a long while yet.

Hard to summarise as its references scattered thru a piece that covers many. Suffice to say it's +ve on progress, esp in Senegal.

Don't know if this has been poted before...I've just come across it from Sept 16 https://www.investorschronicle.co.uk/content/f6efb5e0-5a0b-4880-b1d0-3cf1b57a523c

Can't see how a deal could be signed off until this is all over.

It won't be gone, but I suspect the timeline mb impoacted a little.

Some interesting thoughts on here.

Clearly things going on that are not visible to us PIs.

As JBT says, all very incestuous..Charlestown/Sintana/CEG.....and Chevron. But could Chevron see what's happening here and just decide to take out CEG?

Unlikely imv esp given the current cashflow constraints of $60WTI, but who knows. I'm holding on, can't see the sense of selling at 12.5p.

And while markets can be irrational, consider ; if Sintana fall 18% on the news, is that because CEG holders get a good piece of Sintana cheap, while Sintana holders have overpaid? I don't see it that way myself, but again who knows.

Whatever, Im holding on to see where this goes. Hopefully this is not having too great an impact on the FO process, and is concluded quickly.

Ppl selling today down to 12.5p is madness.

I agree, Somerset, but as ever the minnows are prey animals, not hunters. Small fish get eaten by bigger fish, who themselves are prey to bigger ones. Bose at Sintana may well be positioning the New Sintana for future TO or breakup. We PIs are never privy to the manoeuverings of the corporate sharks.

Tx 4 that summary of Sintana. I knew a little already but will be doing more DD today, (curses, was hoped to get out on my bike!).

As long as Sintana SP holds up 16.6 p is on offer, yet ppl are selling for 13 this morning....???

i will likely hold the Sintana shares, but there is no need to decide today. At 13p, ppl should be buying here, not selling. The chances of another bid are small given 34% of committed shares, but you never know......

Yep, smart move by Robert Bose. Robbery, but smart ; I thought 50p was on the cards here once a drill turned next year. . Now we have to decide ; stick or twist?