Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
28jac
I see the Australians are HODling too. Perth Mint have seen sales of Gold and Silver at all time highs with September showing a 22% increase in sales. Hoping that trend is replicated in other countries. Maybe early indication of a bull run on precious metals and I'm sure some shorts on the PoG will be closed as economic concerns continue.
Diversification in their business can only be good for the company. With the REM project in Chile too they are certainly foreword thinking. Would like to see their website updated to reflect the 2 new assets and sustainability but very good news and the option to walk away without financial penalties.
Production report next week so hopefully that will coincide with a good day for the price of gold.
Poker
They have always printed money and like every economy they will continue to do so but it is the quantity they are printing. The status quo exists for now but IMO it is the inflationary pressure that will tip the balance.
@ bonk
Not so sure this time. Numbers are not that good for inflation and certainly not for the world economy. Interest rates v inflation. US cannot keep this policy of printing money at any cost going.
If it gets battered down again then 145 is a pretty good price. Average just under 150.
Fwiw, analysts outlook will be pretty muted until they have rebalanced their funds with gold miners to hedge against a pretty poor outlook for the markets.
US inflation at a 13yr high. Gold currently knocking on $1800. Following link worth a view. 11m 30 sec very interesting for investors here.
https://www.kitco.com/news/2021-10-13/Inflation-returns-to-13-year-high-stocks-overdue-for-fairly-significant-drawdown-Ted-Oakley.html?sitetype=fullsite
US inflation is currently at a 13yr high, markets likely to come under significant pressure as they hedge against rising interest rate. imo some funds may hedge by buying Crypto but carries risks and most will buy gold. Economically not much positive news coming out of the US. You would be mad not to have a gold producer in your pf.
Silver above $23 and PoG knocking on $1800. Both psychological barriers that need to be broken to help the sp back to £2
Following link worth watching, especially at 11m 30 secs.
https://www.kitco.com/news/2021-10-13/Inflation-returns-to-13-year-high-stocks-overdue-for-fairly-significant-drawdown-Ted-Oakley.html?sitetype=fullsite
Sp looking more resilient over the last few trading days. Just a waiting game here as with other producers. 2 large trades reported this morning. Reported as sells on the LSE platform totalling £2m. My hunch is the price was dropped to fill this order but of course my opinion is biased.
Certainly worth watching though if someone is trying to build a position on the quiet.
Gunner I guess that's not unusual. Workers wanting more pay and TSCO trying to protect their margins. The job vacancies out there make it advantageous to the worker so no doubt a solution will be found before distribution is hit. Employees Pensions are linked to sp performance so some long term workers will have to look at the bigger picture too.
Yes the cash burn is a concern. Funded until 2023. My guess is any good news will of course give the sp a much needed boost which will probably be followed by a raising of funds.
Or a possible takeover. Have to admit the risk v reward is very tempting.
Carl
I bought shares in IMM over a period of almost 7 years. Highest price paid was 52 and the lowest 18p. From memory my avg was 24p. However, made a handsome profit selling the lot at an average of 176.
Patience was indeed the reward. Hardest investment to make is time. Lupuzor will commercial IMO but it is timescales and by who is the question. I think IMMs partner will snap this up on the cheap and again only opinion but it’s suits them to drag their feet.
noggers
Read an interesting article last week from an analyst. Only a matter of time before the price if gold starts to climb. Only uncertainty at the moment is how low the price goes before the trend is reversed. Opinion was to take advantage of the current price of gold producers before inflationary pressures weigh on the markets.
Frustration for me is trying to guess where the bottom is. However, you have to take a pragmatic view that to buy low and sell high is usually down to Lady Luck :)
MillCottage
I agree weakness in sp is more than likely supply issues. However, TSCO are probably best positioned to not be as hard hit as its competitors. However, consumers budget and if their monthly shopping bill is £600 then they will still spend that amount. I think inflationary pressure is probably the main concern as the Christmas period approaches and maybe the buyback strategy is sensible during this period.
Invested a few years ago in Colombia. Marxist government switch very quickly from a anti foreign business and tax them high policy to a supportive do anything for them approach. They soon discovered that their exchange rate plummeted and the building of infrastructure slowed.
Although this political situation hasn’t helped the sp, I do think the PoG is the main driver for direction.