Member Info for jammin86

Gold is doing well and this is collapsing. must be some bad news out re dupax or something else

can't be budget related, other miners would be similarly affected

The fear, obviously, is that something is not right and ppl in the know are dumping.

Nothing in the mining space is a sure thing, you can always be rug pulled and to claim otherwise suggests you don't know the space very well!

Yup, the risks in this space are HUGE. Nevermind the geopolitics, or general macro, or gold price - there are absolute thieves operating some of these mining companies! What's the saying, a gold mine is a pile of gold with a liar on top. If you were invested in HUM or SHG you'd know all about this!

Be grateful we have what seem to be honest and competent management, it counts for more than great economics or a high gold price.

450% gain is brilliant, well done!

I, too, have some concerns about the licence but for now am willing to risk it.

Oh I absolutely agree, the long term view in both gold and MTL is bullish - nothing has changed there.

But it still pays to be mindful of the short term price fluctuations to get a decent entry point. Hopefully you timed it well!

Why top up while gold is likely to be falling though? Surely it makes more sense to wait a bit for the dust to settle, gold could retest 4000 or 4100 this week... Double Top is an extremely bearish pattern

Every gold miner is plummeting on the back of the biggest sell off in gold in 4 years, and the formation of a bearish double top. This has absolutely nothing to do with MTL, or the availability of better options elsewhere. Why lie?

GoldGeezer - all gold stocks are down today, not just Serabi...

But well done on your well-timed short, even if it was for the wrong reasons.

What gold stocks are you actually invested in, given your name?

Double Top has formed on the 4 hour chart. Bearish pattern suggesting a break lower, which is why all gold miners have been hit today.

Biggest fall in gold in 4 years. I will wait until the dust settles before buying in...

Gold is falling LOL. Needs a pullback to flush out the speculators :)

So the transfer of a large chunk of shares to local Brazilian ownership is going to be followed with no license and massive losses for a local fund?

Why would they have bothered insisting on local ownership?

Unreal!! Silver just went vertical.

It isn't just a few people on this board that kicked up a fuss - the market clearly did not like being left in the dark/uncertainty. Gold has gone up fairly rapidly, and most gold miners have followed suit, but MTL has lagged/fallen.

Great that they have confirmed both a non-impact of the typhoon, and that operations resumed ahead of plan. Excellent management!!

That's just gold bouncing off 3700 - a sell off before it gets retested.

Cant keep the miners down if metal prices stay strong!!

It really should be, as it's definitely baked into everything else (i.e. yield curves are pricing in an almost 100% chance of a rate cut).

I can't see them cutting 50bps, either. So gold's reaction (and the market's) will come down to whether their tone is dovish or not. If their dot plot indicates more cuts this year, markets will likely bounce, along with gold

Except gold IS NOT $4000, lol. If gold did get there, I'm pretty sure the losses over the last month would disappear.

Why on earth would the market price this share assuming $4000/oz when the price has been stuck around £3300 for a while now? Whereas the reduction in production is a known fact that was communicated with the market.

Narcissists ARE* incredibly easily bored

I care about Trump! A whole lot. Main reason I'm invested in gold is because Narcissistic leaders like Trump simply cannot help but destabilise things. He's terrible for the world but great for gold. Every time things seem peaceful, he WILL do something to unsettle the balance, because Narcassists we incredibly easily bored and can't stomach tranquility

Except Pedro did literally tell everyone the day he was selling, and it was the day the SP hit 16.4.

Not sure why there's so much antagonism towards him - it's childish and pathetic. He is merely informing us of his own moves, and if you bothered to have a look at how often he gets it right maybe you'd stop whining and start paying attention to what he says. It's not as if he's on here all the time talking the share down, he's being honest and telling us as he sells and buys - not after the fact, which your snide remark implies.

Yup, agreed. We're still 30% up in the last month, even after this pull back. Nothing has changed, gold is still around 3300.

If in doubt, zoom out :)