Member Info for jammin86

Gold* producers

Thanks for the background. I'm new here, trying to diversify among small cap golf producers as I don't think the recent rise in gold has filtered through into the value of this space, and strongly believe it's coming soon.

The kind of projection TenBags is engaging in is classic in people with Narcassistic Personality Disorder

Ha! He just seen someone else has quoted Benjamin Graham before. Birds of a feather!

I'm in good company lol

I'm not sure what the issue is with short sellers though. It's not illegal. If anything they are just providing us with better entry prices than we'd otherwise get. And unless the company needs to raise capital, why does the share price affect its profitability? It doesn't, and in the end the fundamentals are what actually matter.

In the short term the market is a voting machine, in the long term it's a weighing machine

And have a look at TenBags historic posts. Lol. Raving lunatic. Sees himself as some kind of messiah here to save us from a ramping pump and dump gang. Meanwhile telling everyone that'll listen to buy MATD which has gone nowhere but down over 5 years.

Give it a rest, it's frankly quite embarrassing

By the way, this shares price is up 60% over a year, which is probably quite similar to the change in gold price.

Zoom out and stop focusing on the day to day price movements. You honestly sound like someone who lost money on this share and are incredibly bitter about that

Calling the gold price irrelevant when the company mines and sells gold shows that you need to be ignored. Lol.

If you want something that perfectly mirrors the movement in gold price, please just buy gold directly!

The hedge is exactly that - a hedge. It's not speculative, they didn't get anything wrong. Obviously a hedge costs gains on the upside, but it reduces risk.

Going forwards we don't have as much debt so we don't need as much production hedged

Thanks man, I appreciate it

Great, thanks. I'm definitely interested in the human psychology behind the pattern!

Thanks for posting, I'm going to have a look!

You are right. Same thing happened with SMCI, spectacularly. And bitcoin a few times. And tesla

I wonder if some bad news has been released. Odd for this to drop THIS much

Gold is not behaving as though liquidity has dried up though

It's often a good sign that you can buy in cheaper than the large shareholders. Usually on AIM placings are at a discount, not a premium.

Please come back in 6-12 months with your snarky remarks, most of us have an investment horizon longer than a couple weeks

Failing to talk about production costs before building a mine is insanity

Have a look at the market cap of the company MTL bought, relative to MTLs market cap prior to the deal. Very few companies would be able to pay cash, and why would they when they need that cash to develop the mine? Use your head lol

It's up 43% over the last year, why are you being disingenuous and talking about 11 months?

I don't think there's any ill wind and I'm buying more at these prices. I'm also not in the least worried about the current malaise, which I think is just due to a massive overhang of ex CNR shares being dumped.

But to each their own

MTL is anything but moribund, there are just loads of (understandably) frustrated ex CNR shareholders selling which is keeping the price down. It definitely won't last

Yeah, the 40 year bull market in bonds means ANYONE who borrowed money to buy real assets - which mostly means property - scored massively. Zero skill involved. Demographics and globalisation tailwinds meant you'd need to be a real idiot to lose money

If the blinds are closed as you say, then your expectation is really hope. I was invested here years ago but come back every few months to see what's going on. Management has been fairly pathetic for several years now, and it's always jam tomorrow! Why do ppl still have faith when management has proven themselves inept so many times?