Member Info for Happytom

eh? Lucky - long term holders bought in anywhere from two and a half quid down to sixty pence. Some of us have averaged down with these astronomic falls over the last twelve months or so, but there's a lot of losses tied in there!

Phew - a close over 168, that'd be a nice rise on the day. It is overdue though - this year's numbers are looking very good indeed, best since we disposed of Ellendale. I'm struggling with why we are so relatively low actually, diamond prices have been consistently rising for the last year, as has the quality of stone that we are finding, yet the share price is still thirty odd percent lower than it was eighteen months ago. Just need some proper volumes to fill the gaps, rather than large jumps based on £20K! Happy

Thanks BB. Interesting to see that the other 'mature' goldies are doing well, but the speculative non-producers seem to be taking a bit of a hammering - is this a longer term sentiment in favour of physical delivery manifesting itself now that there is a little bit of transparency in the paper market appearing? I hope so, I've long held the belief that it is far better for the economy if traders actually look at the commodities themselves rather than at paper speculation for short term gains.

Hello all Back from my travels again, and pleasantly surprised to see this heading in the right direction - repeat of July / Aug again, or do we actually have some concrete news this time - can anyone briefly fill me in on what's been happening in the last week - can't see any obvious statements about Elliot etc being sorted, so if anyone knows anything I'd love to hear it! Ta, Happy

Hopefully the start of another rich seam - what does a 160 carat type 1 achieve at the moment - excellent stuff!

Hmm - my last few posts seem to have been censored, just testing if this gets through before bothering to write anything meaningful! Happy

Sorry Lofty, trying to decontaminate myself after a day in That London - didn't know that my ancestral Lancs counted as Northern anymore - you must have spent too long in the swamps of late! I've no detail where I am, so can't give an accurate analysis, but today's pattern looks like a major tree shake, which hopefully means that there's been a leak of some positive news - restructured finance maybe, or possibly a way forward with contract miners. I don't share the view that contract is a bad way to go - not brilliant for the guys on the ground, but a way of dramatically reducing extraction costs, and overcoming the kit maintenance hurdle. With the proposed acceleration of extraction / reduction in lom plan for Inata, we could be clearing 300 USD/ounce this year, and then have enough free cash for BKF / Tri-K developments further down the line. Its another hedge equivolent, agreed, but at a viable price. News has been a little Spartan of late, but I for one have a lot of faith in David's team to keep their heads down and get on with what's best - far better that way than endless spun news releases that say very little and mean even less. Can't help being upbeat today though - cleaned up on City / Chelsea last night! BR, Happy

I'd be disappointed at 90p. Either this goes really pear shaped and we are taken out low, or we get the production going as predicted and then we are making real money again. Obviously the gold price is a factor (doh!), and with China starting to suffer a little we may see some big changes there, but my guess is that the change will be a re-valuation of the riminibi rather than a re-valuation of gold. Be nice to hear David saying something directly about the plans though, rather than putting comment through the PR guys.

You're all talking nonsense. I recently had a genuine offer to purchase a large amount of gold (tonnes) that was in a safety vault somewhere in Africa. I know that it was genuine, as it came from the son of a well renowned Nigerian General, who had been given it to look after, but now his superiors are no longer around so he needs to export it, and only my bank account is good enough to perform the transaction :)

An even better read for GEMD, we're already successfully mining it!

Thanks. I know about the second bit, just trying to find updated reserve holdings - seems that the IMF has been rebuilding stocks as well. ta, Happy

Not sure where you get your figures from. If you look at the 'officially reported' reserves listing, the US actually holds less than Germany, France and Italy combined, the other old G7 nations hold about half of the what the US does as well, and China is well down on that. If you look at global stats, then the US holds something like 25% of the total state reserves, but this is not really enough to control the price. The big difference that they have is that the USD is still such a commodity that their gold reserves account for somewhere over 70% of their total forex reserves (contrast that to the UK at 12% after GB decided to sell all of ours on the cheap!), so they have a major interest in managing the price, whereas China for example can manipulate currency instead.

And don't even think of any other brand of ketchup! Why are we turning into obese Americans though - when was the last time you bought five cans that weren't on special? And why yesterday did I buy a bucket of ketchup for les than the bottle that was half the size, to go with my twelve pack of coke for less than the six pack next to it on the shelf. Maybe the same reason that I can buy 100,000 AVM today for the price of 60,000 a month ago :)

I thank you for your sympathy, although being philosophical, my average now is not far from the current price - traded a few on the last big fall and rise to bring it down by over a pound. Still hanging in here though, sorry to see Lofty go, although its not the first time that he has said he's done so, always adds some colour and interest to a board!

always get suspicious when larger than normal buys go in, but the share price starts to drift downwards - makes me think that the brokers are trying to top up before the good news hits - why can't I top up at a price below sell!

Maybe they read my posts - glad to think there's somebody that cares about this co!

I'd be happy with 550p - can you raise it to that :) Actually, looking at the sector and where the UK is currently heading, this is just a long term hold for me, should be back in profit 2014 so divi will be available again (I'm assuming that there won't be one this year, but they may pay out to support the price). In that case, I see us back over 600p in the next two years, but a lot could happen between now and then!

Lots of lovely lolly - that's the thumbnail calculation! Happy

Correct me if I'm wrong, but I don't think that AVM have reported the shutdown officially, it's been public information, but no formal statement, so when it's announced there will be market jitters. I'm in a couple of other juniors at the moment, and there is a lot of talk about G2 looking for targets that can produce around 150K ounces per year (they made a statement as to such back in September). I don't know if we're on the radar for that, but if so then things will rapidly move to a takeover price. All fun and games ahead, if we get through this quarter clean, then the sky is once more the limit!

Really??? OK, so cash position is down slightly, but legals are now out of the way, restructuring is complete, and revenues ahead of latest projections. Broker ratings really are beyond the pale sometimes!