Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We need a dollar reversal to at least $12.50 vs rand or a gold to hit $1400 to get back on track, or we hold out for the cheaper tailings. I read there is a lot of shorting on GDX which is holding down miners in general. There is another bond sale by the US within 2 weeks which may push yields, there seems to be lots going on, none of it strongly in our favour just at the moment
We could see a bounce tomoz, this could have been weighing on the share price, we’ll know in 8 hours. I wonder if they’ll need to write down any of the original cost. Hope they are streamline it and jobs can be saved, we could do with a bounce in gold much higher to help bring it back on line.
Thanks all, venting a little frustration, yes, its cut and paste that legal info, the fuel case has never even had anything in 6 years as far as Im aare. Surely if Egypt wants investment it has to prove to have an efficient legal system for disputes. I'l try and be more patient, but I think we deserve a little more positive movement in the price.
Where is this now? Everything else re Law 32 seemed to have happened relatively fast compared to waiting on a decision whether retrospective cases can be included? How long does this take? its must have been 10 months now.
CEY is a solid company, it will be �2 in 4 months. Also there is a 10c divi with a record day Mid March. I have a massive amount. VAST is a risk! - although I had 40m at one point, turned me grey, did very well in the end but its one issue after another, I wont touch em now. CEY trouble were a false court case raised by a individual who is now in jail for trying to extort money from said court cases. It will be settled in favour, 1 day...! PAF has disappointed massively. But like you say I think/hope it will come good, but not for a while...
Looks like the two Zimbabwe operations were profitable: They seem to have gone into admin early/mid 2017 Unaudited results for the six months ended 30 September 2016 & brief update on operations Operational highlights ASA Gold - Freda Rebecca Gold Mine - Zimbabwe �Profit before tax 61% higher to $5.3m (H1 FY2016: $3.3m) �Revenue 2% lower at $39.8m (H1 FY2016: $40.4m) �Gold production 13% lower at 30,367oz (H1 FY2016: 35,052oz) �Tonnes mined and milled decreased by 0.4% and 11% respectively compared to H1 FY2016 due to cracked shield cap of main mill but issue offset by new mills �C1 increased by 8% to $967/oz (H1 FY2016: $899/oz) and C3 by 7% to $1,133/oz (H1 FY2016: $1,057) due to lower gold production �Two small additional mills sourced within the Group and refurbished ASA Nickel 
- Bindura Nickel Corporation (BNC) Trojan Nickel Mine ("Trojan") - Zimbabwe �Revenue increased by 9% to US$22.5 million (H1 FY2016 $20.6 million) �Increased nickel production contributed to a 34% decrease in cash costs to $5,216/t (H1 FY2016: $7,864/t) and a 33% decrease in the all-in sustaining costs to $5,759/t (H1 FY2016: $8,601/t) �Profit after tax of $1,184,245 (H1 FY2016: loss of US$3,359,512) �19% reduction in realised average nickel-in-concentrate price to $6,198/t (H1 FY2016: $7,654/t) �Trojan sales increased 25% to 3,464t nickel-in-concentrate (H1 FY2016: 2,762t) �Head grade increased to 1.89% (H1 FY2016: 1.41%) following the adoption of the new mine plan to blend massives with disseminated ore �Tonnes mined and milled decreased by 11% to 201,707t (H1 FY2016: 226,294t) and 11% to 205,290t (H1 FY2016: 231,224t) respectively compared to H1 FY2016 ASA Gold - Zani-Kodo JV (Democratic Republic of Congo) �Key equipment for a gravity plant ordered and assembled with a view to starting a basic operation as soon as possible in 2017 �Total gold JORC resource unchanged at 2.975 million ounces
Not really, I know if its the Zim mine is difficult to get money out of Zim if you are a company, particularly gold mine. The other goldie is close to Rangold in the Congo. The only SA mine is the diamond mine, but the diamond market is a bit soft at the mo. The nickel mines dont seem to be up and running and the copper is also in the congo. They have a good record for picking up, lets hope that continues. What do you think they may be after?
I think they are limited by the richeness of the mining, 2017 it seemed to be from stoping was 168kt at 9.27g/t & development was 130kt at 8.17g/t., for 2018 they are saying 1.3Mt total underground ore scheduled to be mined at a grade of 7.2 g/t; comprising a 65:35 split respectively between stoping and development ore, so 2018 looks less rich, IMHO its down to the richness of the material they are mining. I think they are solid results, they have quashed any paranoid voices again that reads to deep into everything looking for deceit! (I hope!) I know its a bit early for divi chat and we only have to wait until the 31st, but Im trying to buy a house and any forecasts from you lots of a expected Divi would be really helpful! - Im calculating 8.5c, am I being unrealistic?
This is starting to feel like December 1999 and the .com rally mixed with the debt overhang of 2008. When the bitcon bubble bursts there will be a few burnt fingers, - will it be a catalyst for the rest of the market? People will view gold and bit coin differently, when bitcoin bursts everyone will say it wasnt like gold, gold is real, so I see it positive. Also, we've had bubbles in .com companies, property, personal debt, government borrowing, housing, bitcon, equity markets, surely we are due a bubble in gold :-)