RE: Cheer up golds doing well16 Apr 2025 14:11
Listen Boring Boy, if you were a competent accountant as opposed to a glorified audit clerk you would understand Cost and Management Accounting.
The revenue just goes up. The costs not so much. So the margin increases. This applies to all gold assets, including ones not in production. All gold assets have gone up in value. I said that companies would raise, go on M&A and bring marginal assets into production and that is exactly what has happened. It doesn't take a genius to work it out but it seems to pass over your head.
As I said absolutely nothing to do with the particular, it applies to the general case. For some reason, you think if you drivel on enough about the same point it somehow makes you correct.
As to valuation, Kenya had a potential JV that didn't happen because of COVID. The valuation of that will have gone up and once the renewal is completed, then in all likelihood another deal can be arranged.
Years ago, I was in an oil company when the oil price dropped. The CEO said to me that ideally he would stop production and wait for the prices to go back up. He needed the cash and he still made a positive contribution (remember that BB?) so he produced. His point was that his EUR was only so much and it seemed mad to produce it at WTI $35 when in a few months it could sold at WTI $65. Same here; as it happens the delay on doing deals looks like it has actually worked in RRR's favour.
As RRR said a few days ago "transaction or transactions" and it said in the past "NDAs", plural.
I would rather sell at $3,300 than $2,000.
Chin up Boring Boy. Not long and you move on to something new to fill your day.
zzzzzzz
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