Member Info for LuckyLuciano

I was in EDV and got out, with all this low AISC they hardly ever managed to make a profit....why?

Too big of a company with many operations including explorations and capex, who know where all this $milliong are going, doggy company IMO.

Can't see much upside from here, unless they come out with a decent profit. last year earnings of $230millions on a current $7.2 billions...you do the matts. PE 31

Mind you with current POG anything can go up...awaiting for PAF results and news of revise production guidance.

If anything I am looking at Resolution but tbh I am way overexposed to Gold right now, all gold shares with some cash in reserve to average down just in case....

Noticed POG trend rising every night for the last few days at 2AM

Make it 2346

the only one in red out of 20 UK quoted gold miners in my watch portfolio

and to think that I valued PAF the best out of those 20, I have no words.

Mind you I noticed PAF tend to go up on negative POG days...

still patience required here, production increasing soon, maybe next announcement also

coming with upward revision of current guidance. Paf tend to move in burst up or down

not gradually...

Anyhow POG up with NFP beating expectation and USD up, at this rate could be $3000/oz this year.

That would be interesting times...me just dreaming.

..and again today markets suddenly turn negative and POG rise to new high....

If this is the underlining trend beside rate cuts, with market hovering at the top

POG could go ballistic.

..a steady rise from 1pm low at 2290 and keep going 2318.60 new all time high every day...wow

I am looking at POG $2317/oz on the futures

Yes at 23 definitely a buy but also there was a recurrent sell trade going on.

Anyhow buy or sells I am looking at POG new record high, one every day now, this is unprecedented

even Forbes article today was recommending loading up on gold and miners..

And yet PAF close in red today, 2 £1mil buys is not a small amount.lets see what happens next few days,

all my other goldies are motoring up, come on Paf

Have to say retracement has been minimal.

I read few in the sector expecting a correction with support around 2150ish,

but the way is going up and staying up is remarkable.

It doesn't matter what the USD is doing POG keeps rising. Some saying that POG will go up also when there will be a correction in the market, I wonder if yesterday push higher was such case...with indexes coming down.

Interesting times but at this rate 25000 is definitely on the card.

AIMO

Wil PAF close higher tomorrow with Gold currently at 2297? lol

Have to say on my chart day candle it opened with a gap today, and retrace was inevitable, better fill the gaps now than later.

Price should carry on rising from here.

IMO

Wow gold at 2280, mind you it must be with very low volumes, RSI is overbought and a small correction/consolidation may be due.

Still mid long terms by the time they cut rates we could be way past 2500.

aimo

By the way PAF just close at new high for the year.

Next day close is 24p of 13/04/22 with 27.10 day been all time high.

As from lates interim result PAF was trading at forward PE of 6. Recent POG rise have reduced PE to 4 implying a 50%

sp appreciation in near terms with more upside coming from POG and production increases...

Definitely a new all time high sp coming IMO.

Have a feeling Gold will skyrocket the way price is moving.

Mind you there can be lots of volatility in the way but trend is very much upwards..

Conversely if/when the Fed will actually start to lower rates it could be when Gold has topped (buy the rumour sell the news) but this is very much months away and at this rate who knows POG may settle easily above $2500 with Gold miners doubling in price this year.

All my conjecture theories...but POG is telling the story.

Have position in PAF, CBX and GAU. For me the best miners out there offering fully funded growing production with good balance sheet and decent geographical risk.

It should be a good short term trading opportunity from here.

US CPI out at 13.30 HOPEFULLY will deflate the USD and then OPEC report is meant to support the POO.

Is it maybe 5million at 254.90 a short closing....wishful thinking?

Oil up and USD is done with rise from job report

Solid numbers, I make a projected PE below 5 for the current year, this without considering any further increase in gold price. More to come from POG and extra 50k/oz production by year end, no debt worries and plenty of visibility with reserves/resources. PAF imo is the best UK gold miner at the moment and for the rest of the year.

PAF is due for a re-rating.

According to data from Investing.com PAF is one of the best net profit margins out there at 20%, with gold price set to increase further, while the worries of increasing inflation and cost will subside.

Next year also production will increase, this is easily a double you money 12 months investment, I whish I bought more at recent 15p.

I am sorry downbutnotout

but the tone of your post make it sound like GS valuation is what the world should pay attention, when is actually the opposite.

We all agree that GS price targets from stocks to metals etc. are notoriously wrong and/or misleading, why should one take notice now......I suppose 260 is exactly when they are planning to close the shorts, but if it doesn't get there they will close them before that...

Goldman are notoriously misleading the market with their reports to suite their clients and own hedging and speculations, they've been caught out so many times getting it wrong on prediction and valuations, and yet because of its perceived aura behind their name, when they fart everybody pay attention.

Good timing from them to open some shorts....the deal still to materialise and recent production downgrade and here comes the report....this is the way these financial firms operate, I wouldn't be surprised to see a spike up as soon as the shorts are closed