Member Info for johnpwh

How do you get materials from Caterhams??

Nice one Biffa. Hope you have an all enveloping roll cage on it. As a 6 foot 2 inch ex Caterham owner I know you don't so much sit in the car but wear it

I was chatting to a couple of investors (not in this share) about Pendragon today, how I had traded it in the past and that at this level I might reinvest. I wasn't aware of this mornings RNS at the time. Now, no chance - from what I have read this new CEO (or rather ex new CEO) is a top bloke and really looked like the new broom that was needed. Now what? The CFO stepping up till a new CEO is found. What on earth spooked the outgoing chap? As they say in Dragons Den this is not investible for me at the moment - to be honest I'm surprised the SP has stood up as well as it has.

Just back. Nothing earth shattering, but a good catch up with Dr S, MDV and Chris plus PG. Try to update tomorrow unless someone beats me to it.
I can report that I had lunch with Paul (280i variety) and VanVan, and 2 nicer blokes you couldn't hope to meet.
Off to kip

Ta JayKay. Obviously not looking in the right place. Poor 'silver surfing'

PoO on the rise. Has the awesome leader of the free world spouted a tweet again?

What confuses me chaps is that Dr T suddenly seems to be a recluse. Before the AM toddled off for her sunny hols in Dubai no one seemed to be able to keep him from leaping in front of every camera available - whether that was with Malcy or some other bloke/blokess. Now he seems to be a shrinking violet. I hope its not because he's growing a disguise as a precaution.

The SP is depressing me. I need strong drink this evening, and will gleefully partake of said liquor.
We need some (positive) news about WD.
That's my view anyway.

None sold yet, some good posts. Just feeling a bit jumpy at the moment, over the last 30 (+5) years I've been 'investing' (or trying to) I've watched too many shares go up then crashed down. Just don't want to get caught with my trousers down, so to speak.
Gold quite perky again.

Gold above $1420 again, so you may have another chance tomorrow. In 2 minds,
I am tempted to sell a few to reduce my exposure, but......think I'll wait for this weeks meetings in case they bring any bullish news. In truth I'm not sure what I want to do, but certainly don't want to sell all just yet.

But then again!

ok!! 2021!! :)

M20 Thanks for this, a lot of information contained and well presented. I have only a background understanding of accounting but will be gong through carefully later. Very important to have people who hold questioning views, I find the ADFVN board has everyone singing from the same hymn sheet.

Well, plenty to read there DJ!!
Im afraid I wont be commenting on your points because I don't have an opinon! Leaving aside an unwanted takeover, Im not convnced that this BOD want to just 'throw money at it'. Time will tell.
Im not convnced that the massive new highs for gold will be reached as some expect, but we could see $1500 challenged in these times of uncertainty.

Agree VanVan. Was reading earlier about Acacia mining and their never ending problems in Tanzania. That must have been rumbling on for a couple of years now, looks like it is ending in a cut price takeover. As I said in my reply to Noel, I like to sleep at night!

Good luck but personally I prefer to sleep at night.
I don't know the names of high cost producers because they wouldn't interest me, but its your choice. Please consider the following.... gearing works in both ways and gold can go down as well as up! Unless you are a real gold bull this is a dangerous strategy, consider the following example:
AAU, cost of producton $400 per oz. Company XYZ cost of production $1000 per oz.
Gold rises from current $1400 per oz to $1800 (say).
AAU net revenue per oz goes from $1000 per oz to £1400 - a rise of 40%, we feel comfy
XYZ net revenue per oz goes from $400 per oz to £800 - a rise of 100% - wow, lets buy XYZ, AAU is so boring!
But....
Gold falls from current $1400 per oz to $1000
AAU net revenue per oz goes from $1000 per oz to £600 - a fall of 40%, AAU shareholders cry into their cornflakes
XYZ net revenue per oz goes from $1000 per oz to zero, zilch, nowt - a fall of 100%, the company cant service its debts and if the gold price weakness is prolonged the shares are worthless.

Dibs, seems to be quite determined after falling back earlier - its just above $1401 at the moment after falling back earlier. It certainly looks like a break above $1400 is likely. However we should be equally keen on silver regaining previous highs - we tend to focus only on the gold AAU produces

What? We might attract some outsiders? No! We are a happy little band here who repel outsiders!
Seriously, everyone has an opinion, and views opposing your own are constructive (perhaps the most constructive). I can ignore obvious hypes, and similarly those of the diametrically opposite view. The only people I don't get on with (and filter) are those people who are unpleasant and personal in the things they say.

In fairness SmallCapper the AAU posters on LSE are a pretty level lot. Don't think you will find too much over exuberance here

Didn't realise it was your Dad. All the best Claret