Member Info for JohnLewis79

The Dow and 500 powered up into record territory for the 3rd straight session boosted by tech heavyweights beating Walls numbers. Google topped revs and earnings and Msoft gained on its cloud computing business though Fbk spoiled the party dropping 4%. To date 30% of the 500 reporting have topped Walls estimates.

Gold eased on USD strength, rising bond yields and strong US equities slipping some 1•6% from recent highs. Technically the gold price is still in a bullish phase with one caveat it must stay above $1780. China's net gold imports rose c.60% in Sept the highest in 5 months. While inflation rates cont to be bullish for gold, the possibility of the Fed starting its tapering earlier than expected is a bearish factor.

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R2 -12 (1380)
WTI $84•20
10ytb 1•630%

Ftse +55 (7278)
Aim -5 (1229)

MSCI(W) +8 (3167)
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Latest:- Oil $85•27. Vix 15•98.
Gold $1789. Copper $4•487.
Palm $1380. Silver $24•070.
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Morning all.

MB's podcast now available to a wider audience will cement the companies progress heading into the final Q and 2022. Would be good to see some buying interest of a long-term nature but that might be a step to far for many who are happy to snatch a 0•50p turn and take any price under 11.

Not sure how the shares appreciate from the current distressed level given MB quoted he was determined to see holders rewarded by capital appreciation. No doubt that will come and when you least expect it methinks. Selling continues to outpace buyers post RNS which to my way of thinking is somewhat perverse but wtfdik!.....

Gold has struggled to attract investors under its safe haven umbrella as equities push on at record levels and t/bills yield a risk free 1•6%. Both a negative for Gold.

However many disagree with Yellen and the US Treasury Dept that they will win the battle on inflation (5•4%), well above their 2% target. With rates looking up in 2022 and tapering overdue many investors are reviewing their safe haven hedges expecting more inflationary pressures.

Gold trades just above the last resistance point of $1800 and would need to consolidate above here for gold bulls. A rise to $1840 would be very bullish for Gold bugs especially if you think real inflation is above the current rate. Very much a watch and wait.

Yup, I like the way MB doesn't big up the companies progress to date & further forward. I hope Edhellas gives it a listen as he was fairly dismissive of Labola nos. We are in a good place with lots of drilling planned in to year end and 2022. I ain't leaving this ship!

Essential listening. About 30mins of in depth analysis of upcoming drilling at Labola, Bassala and Kalaka. As far as India Mark said....

"BUKHIA remains a lotto ticket I intend to win"

For investors who were disappointed by the Labola nos Mark said they expected the nos to be in the mid range of 500-1•5m ozs. Following completion at Labola he expects 1m+. I'm a lot more confident about our prospects this morning.

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Gold Bugs +4 (264)

Ftse +18(7223)
Aim -7 (1234)

Latest: Oil $85•35. Vix 15•24.
Gold $1804. Copper $4•451.
Palm $1375. Silver $24•475.
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Morning all.

Investors imo always over estimate Co prospects and the share price. Unfortunately mining is a longterm play and should be viewed accordingly. Tbh even if PAT had announced 1m oz+ I don't think the shares would have done much given the prevailing sentiment.

Next year could be transformational for PAT especially if we get a result at Bhukia and the Gold price clears $2000. I think it's worth waiting to see if either happen. I'm well out of the money atm..... only on paper and I'm loathe to take the hit.

Not the sp shifting nos we were hoping for but all in all a good safe, steady start.

A quiet week on W.African gold plays, Hum the leader last week fell to the bottom on a disappointing drilling update at their Guinea (Kouroussa) mine, shares dropping c.16% on 6•1m volume to 17•50p.

Cora who reported excellent final drill results at its Southern Mali (Sanankoro) mine fell c.1% on 691k traded to 13•85p. ORR were u/c at 0•42p (1m vol) and PAT down 5% awaiting drill news.

Gold had a better week closing up $24 on the week after hitting a 6wk high of $1810 earlier. Powell spiked the rise by saying inflation would fall back to 2% once supply bottlenecks were resolved, bond purchases (tapering) ended and economic activity returned to pre pandemic levels.

PAT
Wk 42
---------
Trades 38
Vol 365k
Buy 197k
Sell 168k
Buy 1•2:1
Buy 54%
Avg buy 9850
Avg sell 9330
Sp -0•50
Ytd -69%
52 -5%
---------
Ftse +14,(7205)
Aim +3 (1241)
---------
DJ +74 (35,677)
SP -5 (4545)
NS -134 (15,355)
R2 +1 (1381)
WTI $83•98
10ytb 1•636%
---------
MSCI(W) -1 (3151)
Gold Bugs +2 (260)
--------
Close :- Oil $85•77. Vix 15•43.
Gold $1793. Copper $4•502.
Palm $1405. Silver $24•385.
$1•375. €1•182. Yen 113•509.
Yuan 6•384.
Morning all.

I know companies are contractually obliged, so to speak, to report trading results to the mrkt and must suffer the resulting mrkt brickbats. Unfortunately there is a disconnect between the mrkts view which tends on the conservative and pis views on the europhic, particularly among Aim stocks where good news rarely rates a rise in the sp leaving investors bewitched, bothered and boogered. There is no use in trying to fathom why a stock falls the mrkt always has a self serving ready made excuse which will differ to yours.

Aim is a traders mrkt, long-term considerations are an anathema to most which makes the going that much harder for companies to rate anywhere near fair value. If your a longterm holder of an Aim microcap stock your in a whole world of pain and frustration which takes nerves of steel to stay the course.

However I believe pis have an over inflated view of most Aim junior gold miners valuations and prospects and the mrkts response becomes a rude awakening to many (the streets ain't paved with Gold).....

As Edhellas has said a 15-20 rerate is likely the very best we might expect by year end. I for sure think 15 will be a struggle without a huge uplift of concerted buying interest given current conditions and poor sentimentin the W. African sector. It won't take much to move the needle....Will it?

Two contrasting RNS reports this morning. Cora Gold delivers on drill results, Hum tanks on lower output and increasing costs. Soon it will be our turn.....

Oil tumbled over $2 after hitting a 3 year high ($86) as dealers took profits following a warning that winter in the US will be unseasonably warm.

Gold bulls forecast the price to reach $2700 by 2022, $5000 by 2026 and infinity 10 years on predicated on the collapse of fiat money (Govt issued currency). A doomsday scenario proposed by analysts at Equity Management Associates said the USD will collapse along with the monetary system in 10 years due to raging inflation and all fiat money will return to its intrinsic value which is zero.

It will be replaced by gold or bitcoin which is emerging as sound money. They suggest you should stick with assets that will retain their value in inflationary times, houses, physical Gold, silver coins and Resource stocks.
I don't trust forecasts a week ahead let alone 10 years, though I agree one should have a mix of physical or paper gold which is easily bought and sold.

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Gold Bugs u/c 258

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Morning all.

Without news to the contrary I think we can assume no news is good news and on that basis I'm pretty chilled!

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Latest: Oil $85•77. Vix 15•49.
Gold $1786. Copper $4•750.
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Morning all.

Evergrande abandoned plans to sell a 50•1% stake in its property arm to Hopson Dev for US$2•6bn and said there was no guarantee they could meet their interest/debt obligations.
Shares in Evergrande and its Property arm slumped around 12% on resumption of trading in HK. The Companies grace period ends this Saturday having missed 5 interest payments totalling $275m. Nomura Bank has estimated the total indebtedness of Chinese Property Developers to be c.USD 5•24tn.

Most investors think the Co barring further extensions will default on Monday triggering share falls in other highly indebted property Co's on the Chinese mainland. Many have already suffered credit downgrades and several have defaulted. Shares were mixed in Asia on the news, Tokyo off 132, HK down 42 and Shanghai up 17 at lunch.

I update the board on US closing and various other pertinent nos all in one place as a time saver for those who are interested. Also I think the more your informed about what's happening outside of the London mrkt the better off you will be in making investment decisions.

As far as I'm concerned what's happening in the US sets the tone for the rest of the world and as you're aware many ftse 100 stocks are big $ earners quoted on various US mrkts, Rolls Royce, Big oil etc..

So it makes sense to me to know what's happening to the USD, Gold, T/bill yields, the black stuff and Asian mrkts. We know its a bit of a merry-go-round.... you decide if you want to jump on....

I concur with your thoughts JC. On a slightly different tack a few London resource quoted palm stocks were hugely underperforming the CPO price for c. 16 months or so but have at long last started re-rating to fair value. I hope the same applies to the Gold sector and if so with a fair wind PAT will recover once the MRE is reported. Bhukia is very much a 'Bonus Ball' proposition it just needs to bounce into the black slot to back up the advances in W.Africa.
Cora Gold has reported good final drill results from one of its sites this morning, be interesting to see how they perform today.

Biker you say "I need to get a life" ...... Actually I need PAT to get to 20! Then I'll get a life.

The one year PAT share price has been flat'lining since 4/21 excepting the spike in July which hit 18•20 briefly, the stock tailed off ending the month at 14•50. Cora Golds graph looked similar though their spike to 19 was considerably higher and they are the only one with a positive (+64%) ytd sp. HUM over the Feb to Oct period has traded around 18-20 and ORR mirrors our performance but a better ytd sp number.

All of the above have issued positive drill results to the mrkt who for reasons unknown have not given the companies much recognition. It could be they are being priced in the 'lowest confidence' category or somewhere between and not the proven & probable. Maybe the sector is seen as way too risky which only day traders and gamblers populate?

So PATs performance on whatever level the mrkt is valuing us is the worst on a ytd basis and given we are funded for the foreseeable & nothing for Bhukia looks perverse. As ever sentiment among junior explorers can be twitchy at the best of times given a not exactly stellar record of successes. So I'm not that surprised the mrkt errs on a negative tilt awaiting '2 birds in the hand' so to speak. Are we that much worse than the other W.Africa plays?

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Morning all.

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Latest:- Oil $84•35. Vix 16•31.
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Morning all.