The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Gold closing @$1900
Cost about $900?
Debt free
Q2 RNS this week
Q3 going well
MMs in 2020 can’t differentiate between buys and sells
Printing money, virus and world chaos, gold and silver Is a safe haven.
New mines in different countries.
Cora promising.
These are my thoughts I believe will see a rerate.
We are all happy two goals.
39p
There’s a blast from the past.
No ,apologies, incorrect wording not my report.
I saw it and did not want anybody to miss it.
Glad if it helped anybody first thing that did not see it elsewhere.
Yes it was in my report this morning, why Hummingbird will fly.;-)
Message to all nice kind market makers, please don’t leave SP on 39p over the weekend.
Gold breaks through $1900.
More snoring.
So $1900 was first, let’s try again.
Gold @$2000 or Q2 Production RNS?
Anybody want to up their guesstimate, I am a cool halfback sticking with 70p.
Could be wrong, Pretty confident about Q2 and gold selling well for Q3.
I watched it, it talked a lot about the time scale in the development of carbon fibre taking many years.The Manchester set up is their way of speeding up products into production. They have produced a new rubber mat which is being made from recycled tyres combined
with graphene to enhance them. Lots of promise on many fronts that we know about but It is production that is needed to lift SP imho.When I am top slicing my PMs, I may buy more but I will
want concrete sales. Forgive the pun, concrete might be where we get the sales.
Gold @$1900 or Q2 Production RNS?
Anybody want to up their yearend guesstimate.
Correct.
They will have no problem selling as many as they want to sell.
Fill your boots.
Market is not a bit slow, it is fast asleep with Cora.
History shows, big gold companies first to rise, then smaller companies, then silver, then explorations. This company has big investors and a great team, a mine will be built.
Gold continues to rise approaching $1900.
Why will Hummingbird fly?
Gold traded near $1,900 an ounce, edging closer to its all-time high set almost nine years ago, as concerns about global growth buoyed haven demand.
Increasing signs that the prolonged coronavirus pandemic is stalling an economic recovery and the recent surge in tensions between the U.S. and China are underpinning demand for the metal. Bullion is heading for a seventh weekly gain, the longest stretch since 2011, while silver is poised for its biggest weekly advance in about four decades.
Negative real rates, a weaker dollar, concerns over the economic cost of the health crisis and geopolitical uncertainties have put both precious metals on track for their biggest annual gain in a decade. UBS Group AG raised its near-term forecast for gold to reach $2,000 an ounce by the end of September, citing its qualities as a diversifier in a low-rate world.
“When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising,” Mark Mobius, co-founder at Mobius Capital Partners, said in a Bloomberg TV interview. “I would be buying now and continue to buy, because gold is really on a run, it’s doing well.”
Spot gold declined 0.1% to $1,885.52 an ounce at 9:16 a.m. in Singapore. Prices touched $1,898.34 on Thursday, nearing the record $1,921.17 hit in September 2011. Spot silver rose 0.3% to $22.6566 an ounce, and is poised for the biggest weekly advance since 1980.
While spot gold prices are about $40 away from the all-time high, some futures contracts on the Comex are already trading even higher, potentially leading to a situation that may see the incoming most-active contract already at a record. December, which is likely to become the contract with the most open interest in coming days, touched $1,927.10 an ounce Thursday, above the record for the most-active contract of $1,923.70 reached in September 2011.
On the geopolitical front, Secretary of State Michael Pompeo cast China’s leaders as tyrants bent on global hegemony. His comments came after the U.S. unexpectedly ordered China to close its consulate in Houston within 72 hours, following what it said were years of espionage directed from the diplomatic compound against U.S. commercial and national security assets. China rejected the accusations and vowed to retaliate.
has a silver lining and Fresnillo has gold as well.
Gold traded near $1,900 an ounce, edging closer to its all-time high set almost nine years ago, as concerns about global growth buoyed haven demand.
Increasing signs that the prolonged coronavirus pandemic is stalling an economic recovery and the recent surge in tensions between the U.S. and China are underpinning demand for the metal. Bullion is heading for a seventh weekly gain, the longest stretch since 2011, while silver is poised for its biggest weekly advance in about four decades.
Negative real rates, a weaker dollar, concerns over the economic cost of the health crisis and geopolitical uncertainties have put both precious metals on track for their biggest annual gain in a decade. UBS Group AG raised its near-term forecast for gold to reach $2,000 an ounce by the end of September, citing its qualities as a diversifier in a low-rate world.
“When interest rates are zero or near zero, then gold is an attractive medium to have because you don’t have to worry about not getting interest on your gold and you see the gold price will rise as uncertainty in the markets are rising,” Mark Mobius, co-founder at Mobius Capital Partners, said in a Bloomberg TV interview. “I would be buying now and continue to buy, because gold is really on a run, it’s doing well.”
Spot gold declined 0.1% to $1,885.52 an ounce at 9:16 a.m. in Singapore. Prices touched $1,898.34 on Thursday, nearing the record $1,921.17 hit in September 2011. Spot silver rose 0.3% to $22.6566 an ounce, and is poised for the biggest weekly advance since 1980.
While spot gold prices are about $40 away from the all-time high, some futures contracts on the Comex are already trading even higher, potentially leading to a situation that may see the incoming most-active contract already at a record. December, which is likely to become the contract with the most open interest in coming days, touched $1,927.10 an ounce Thursday, above the record for the most-active contract of $1,923.70 reached in September 2011.
On the geopolitical front, Secretary of State Michael Pompeo cast China’s leaders as tyrants bent on global hegemony. His comments came after the U.S. unexpectedly ordered China to close its consulate in Houston within 72 hours, following what it said were years of espionage directed from the diplomatic compound against U.S. commercial and national security assets. China rejected the accusations and vowed to retaliate.
Techandy, everybody knows more than you.
Get yourself a girlfriend, or cuddle one of the people that cares for you.
The reason the SP has trebled is down to hard work and numerous good decisions.
I am going to a £1 party and you simply won’t be coming .
$1896 will we break $1900 before Q2 RNS
Techandy, we will see how this pans out.
Just got an answer to company dividend policy. The company want to use the money in a productive way. I would have liked a dividend but have to admit that the SP rise of late does show that we are heading in the right direction. This is being brought to our attention before the RNS.
The email reads
Please accept our sincere apologies for not getting back to you sooner, and we would like to thank you again for your continued support as a long term shareholder.
We are continuing with our strategy of extending the mine life at Yanfolila, evaluating M&A opportunities, such as Kouroussa, and realising value from our portfolio, as we are doing with Dugbe, all of which will help us in our plans to build a significant gold company. As we make progress, initiatives such as share buy-backs and dividends may play their part at the appropriate time. However at present we are clearly a growth company, with a single income producing asset. Many gold companies do not pay a dividend until they are well established (for example Endeavour do not yet pay a dividend, B2 Gold only recently paid one, Randgold did not pay one until it had two significant mines established).
In the short term, we have a focus on reducing our debt. We anticipate being in a net cash position before the year end, subject to no material disruptions to production at Yanfolila. Additionally, should we accelerate investment into Kouroussa and/or other projects such as KE Underground development this could also impact our ability to become cash positive.
So, we can look forwards to a growing investment.
I am staying with it , as the way forwards looks good.
Clearly there are buyers of cash rich gold companies.
Sustainable can only sell once. Gold is staying high for years to come.
Looking forwards to Q2 RNS with confidence.
Quarter way though Q3 with an even better gold price and we won’t talk about a certain silver mine. How’s silver doing?