Member Info for Jerryspaniel

Legalwolf and others. I am not so sure that OMI will get into the GDXJ. From what I have learnt, the indices that the GDX and GDXJ track have changed. I dont think the new indices allow stocks that are on AIM and TSXV due to liquidity concerns. This has come about as VanEck like to trade their rebalancing with 'mkt on close' orders. As such the market makers stitch them up with quotes 10-20% under/over the official closing bid/ask.

If anyone has the ear of the CEO/Chair, they might want to run it past them, but fairly sure that I am correct.

Dr R, many thanks for the update, it helps a lot. I also have joined the party, though I am not a fan of the country risk, so position size will reflect that.

Where is the ore going to be toll treated and how far is that from the proposed mine?

I prefer to think that the turning point was when the board decided not to sell out (at about 6p) to Newcrest and the board and/or GH realised that he wasnt the man to take the company forward and someone found Shaun.

GH had limited usefulness as a promoter but he should never be forgiven (or allowed?) to publish a small purchase of 500,000 shares and be simultaneously be dumping 80m shares over three days to drive the price from mid to low 20s. Pretty sure Mark Barnaba wouldnt have allowed it.

But I will give GH credit for having the ROLR work both ways. Little did he or Newcrest realise that it sowed the seeds of Newcrests demise.

HC, many thanks for that. I like to establish a small position so that I am encouraged to look at it in more detail. This will get me started. Over the years I havent been a fan of lithium but at least its all in the price now. Interesting that there are 'disputes' to get my head around. What mining company doesnt have disputes?!

It may take me a while, but I will get there and may add as we go. It suits my investment style to buy into a rising or falling price, but I rarely buy if price static. Dont really know why, just my style I suppose.

Morning all. I have been looking for some tin exposure for a few months now and received the Hannam report this morning and I had a nibble after reading. At the moment its just 600k shares, but I will be following the company a bit more closely to see whether this is a trade or an investment and what is the right size position for me. I dont think I know any of you from my other investments so it may take some time to get up to speed, but no rush.

I know that quite a few on here hold the above fund. Ned has just completed a presentation online and hopefully quite a few of you managed to see it. Naturally he is fairly bullish to put it mildly, but it was striking just how much upside he sees in the miners vs the bullion price. Participation by long only money is still in its infancy and when that comes in he sees the miners outperforming by a significant margin. The Dec quarters great results from the sector COULD be the start of that move. Watch for the gold holdings of ETFs as the proxy for the start of that move.

One statistic that I found interesting is that gold miners FCF/EV at 50% is double that of the best tech stocks......

Lots of other great points and I would hope that the video will be available on their website in due course. DYOR/IMO blah blah...

Ricardo, it is double counting. If you use copper to reduce the AISC (which is what all miners use their minor credits for) and use the AISC as a proxy for mining costs, you cant then use it as a credit for revenue, as its been used to reduce costs.

Most people use the by products via the AISC though that means that the AISC is hopeless at showing a company's/mines efficiency. (Cadia has had negative AISC due to the copper and moly credits).

Tricky bit on valuations is what production/AISC do you assume and what realised prices do you assume? Market price?, company price deck? or brokers price deck? If you use a mkt price and the sector p/e you get some pretty interesting valuations. You have to start somewhere and most analysts are way behind, using only published data but Shaun is trying to educate the market with the various releases over the next few months. This should lead the market to a continued rerating imo.

Morning TT, that’s because we are buying Winu! 😉

CF, yes there are many many more instruments like that. Far too complex to get into here, and I doubt anyone is interested in reading a long missive from me on the money markets.

Plus I do wish people would use muted and mooted correctly…….

Ggptt, we will earn slightly below the govt bond yield which is 3.92% pa for one year. It can be paid anything from daily to annually but will still be worth about the govt bond yield. We aren’t going to be getting into the pay day loans business! 30% is frankly ridiculous.

3% on a billion is $30m pa not 300……but it’s still half a million a week. Still think they should buy some oil calls to hedge some of their costs.

But I don’t agree with speedy on keeping gold that’s been mined. It’s just too big a bet on the gold price imo.

I own loads of silver. Britannias, a silver etf, a silver ming etf and via the Jupiter gold and silver fund. My view is more a macro and s&d style investment, so happy with a more portfolio approach than researching lots of overseas listed miners. It’s my biggest investment after Ggp.

Falcone, if you don’t understand that it is, I suggest you go back to school and take simple maths and some basic accounting lessons. Where do you the cash to pay dividends comes from? Corbyns magic money tree?

It may do E1. The Aussies love dividends cos of the franking credit, which of course we won’t get, thanks to that other idiot chancellor Gordon Brown. But it could create some buying I admit. Maybe we can have a stock dividend instead of cash, which is something I raised with Shaun last time we met.

I see Argonaut have a tp of 14.50 or £7. ATM $14.50 is virtually £7.25, which isn’t quite £80 but it’s a start.

I see we are back on the dividend subject again. Those who ask for dividends are effectively asking for a partial liquidation of their investment at a time of the company’s choosing. Is that what you really want? Wouldn’t it be better to have a partial liquidation of your investment at a time of YOUR choosing by way of a sale?

If you don’t understand this very simple concept you really shouldn’t be invested in shares and may I suggest a post office savings account or a few premium bonds for a racey time?

MH01, I think the answer has to be yes and no! This is our last day at the cricket. Been to Sydney many times but nice to visit Adelaide and Brizzy. Shaun has made me enough money to comfortably be able to afford many more trips to this wonderful country, health permitting.

Charlie, Bamps is very knowledgeable on the narrow field of where his expertise is. But so are a lot of others. E1 knows his geology, TT is great at unearthing news articles, paddy great at satellite interpretation and finding documents posted in obscure places. MF11 is the god of index calculations and dare I say it I haven’t met anyone who has my knowledge of trading and the commodity markets.

So Bamps has his place as a good poster and person, but imo there are plenty others.

Just a pity people don’t stick to their knitting.

No it doesn’t. It suggests that it’s responding to the cu and au price. Not everything needs to be viewed through the eyes of Solgold.