Member Info for Happytom

Nothing slow about gold today - no idea why, but I hope it's sustainable. Highest for two months, I was hoping for 1300 by Christmas, and another couple of days like today will see that! Go on Tesco, another revision of the profit should do it :)

All rather quiet on the DSN front - anyone heard anything recently? I'm struggling to believe that the issue with the tags is information based - it seems highly improbable that the business analysts didn't get a solid set of requirements before commissioning the things! Not heard a lot about Densipaper either, time for some official news to be released on all fronts. Still, a few buys over the last week, nothing significant, but all in the right direction - maybe something is happening in the background.

in 2012, my divi payments (and everyone else's obviously!) were higher than the current share price. Ah well! Trying to find some positives again, figure out if we have really turned the corner the way the BoD predicted, or will 2015 be another bag of excrement. The optimist in me see that gold appears to be getting a bit stronger again - probably because the rest of the global economy is goosed and the house of Saud is again doing it's best to achieve on a global scale what IS is doing more locally; CIL is operational, which SHOULD reduce our production costs; GBP is falling agains the USD, so the small 'profit' that we can take from the shiny stuff will translate to higher GBP share price; nobody's actually stolen the trucks (probably because if they did, they wouldn't be able to drive them far enough away to be useful!). On the negative side, as Lofty keeps pointing out, the BoD have shown no faith in their own ability to turn this around, they're taking salaries and watching it burn! Decisions, decisions.... on balance, I think that we're heading north, but it's going to be slow and painful on the way there.

You've missed some news Lofty, the CIL has been operational since September, running at 70% recovery throughout October, with the engineers looking to improve that. I don't want to bang the same old drum again, but the BoD told us way back when that this would be a bad year, with things picking up in 14-15, and so far they haven't disappointed on the this being a bad year bit :)

Welcome onboard then, and good luck to you. Generally, quartz is a good thing. The traditional 'vein' in which gold is found is quartz. This is where the richest pickings are - in the old days of hand mining without rock crushers etc, this was perfect - you can see the gold in quartz, and literally pick it out. What we have been doing for a while is what most miners do these days, which is to dig a big hole in the ground and extract everything - there is gold in the rock around the seams, although in small quantities, which can be extracted by crushing it and in our new world throwing it at the CIL for 'cheap' extraction (maybe not so cheap so far, before anyone complains!). If we find significant new veins of gold bearing quartz, then we have to mine much less waste tonnage to extract the same amount of gold, which is obviously cheaper. Where did you find the reference? Thanks Happy

Maybe just implying that this is fool's gold Strange question for a first time poster. Anyone else feeling buoyant this morning - the economy's going to s&*t again, so Gold should become more popular :)

I disagree with you for once. This is pretty much as forecast by the BoD Q1 / Q2 - rough ride for the remainder of '14, start clearing our feet next year. Prod cost at $1200 for the year include nearly ten months without the CIL, moving forward now they are lower and we have a stockpile of ore to process whose mining costs are already paid for. Positive news to me. Tom

Apart from one anomoly, Q2 this year, they always release on a Thursday. Moving from 5th to 6th is nothing more sinister than a typo that no-one caught earlier in my view. Not sure that there'll be anything positive in it though, other than Cannacord dropping the target (which to me is a buy indicator, as they're b*&*^x!), there can't be that much good happening, or we'd have known already. GLA anyway!

Makes you wonder who drove it down after Friday and why!

Hi Lofty Good luck with the recovery, make sure you're fit and well enough to chase after said prima donna's (although I thought Donna's were more common in t'North than South West :)). Nae chance of getting down there, I'm coaching cycling now, and there's a very lovely warm indoor velodrome here to help with that through the winter! Good to see the gold stuff going up - I was a bit out with dates I have to admit, but had a feeling that the economy was turning towards the squidgy brown stuff again, which should strengthen us nicely! GL Tom

But simply not true for most - the brain drain is, but a lot of folk go to that london looking for a fortune and wind up living in a hovel or commuting for four hours a day, with the idea that at some stage they can retire to a nice pad in the country, have a nice wife and a horse (or at least a nice horse and a wife). I pay my engineers properly, and I just spoke to a newco that is working on similar stuff to me in terms of disrupting the way that merchant banks strangle everything, and they pay all of their engineers the same (they have required experience) 100K, in an area where a decent four bed house comes in at not far away from 200K. That's how it should be, and if people stop listening to the politicians and press carping on about the land of milk and honey down south, then this country stands a fighting chance again. Oh, and to get back on topic, maybe the issue is not just that the engineers are not top rate, but that they have got fat on government contracts that have no budgetary issues, replace the board with some young blood that can see the wood for the trees and manage a budget!

Can't be gloomy - the sun is out in Glasgow at the end of September :)

Call me reckless, but its top up time for me. CIL is nearly there - some teething troubles have it performing below optimum level (euphemism for 'it's not yet commissioned' I guess), but if they're going to make an announcement about same early October then they must have some confidence that they'll get there! In addition to this now being at record low, gold and production are both priced in dollars, whereas this is priced in pounds, so when the pound crashes Friday morning, we'll be a lot stronger :) GLA Happy

You're probably right on the No vote - many who are saying yes will not have the confidence to put it on the ballot paper and will vote for the status quo / better the devil you know etc. But it will be close. On the late sells, I'm assuming that it is just MMs closing the day's positions against close price. There have been a few buys early on each day, and they will want to be out at the end. I don't think that anyone is seriously trading this at the moment, too much uncertainty until the CIL etc announcements are made - getting a bit concerned on that to be honest, should be online by now, but obviously isn't or else DC would be announcing it like billy-o!

It's getting too close to call. It's funny, I've got this feeling that Westminster have had three hundred years to make it better, and singularly failed, in fact seem to be getting worse. Then last night I was chatting with a Canadian friend that has moved here, and he said there are two reasons to vote no to independence if what you're looking for is a general improvement in how things are run...1) The Edinburgh Trams, 2) The Edinburgh Parliament. Looking at it like that, the muppets in Holyrood make Cammy, Cleggy and Gromit look professional! Gold is on the way up though, over 1300 by end of month.

Well, I'm not selling mine!

just before the price rises :)

Hi Lofty. Sounds like you're running for parliament now - no trouble sleeping and with a big dose of sleezzzze :) I'm getting bored of this - do you think we've enough shares between us to mount a coup? My current business is sitting in limbo at the moment - order book is overflowing, but we can't start work on anything until some paper shifters do what they're paid for, I could do with something to get my teeth into! GL, Happy

I know nothing definite, haven't been there recently, but on past form I would expect an announcement tomorrow. Having said that, if we're a week away from commissioning, then they'll hold off until then.

SS, the way this has been heading in the last few weeks, the snorters don't need to hold much longer as we'll be down the tubes if our well-heeled friends don't decide to cough up some more. I know that the sanctions are not going to help, but I was hoping for some more positive news on the horizontals, perhaps the end of the month will bring a change!