Member Info for Magoo79

it's actually good news. It may explain the recent selling pressure. Today we should see a nice bounce

this week we've been penalised by macro events and mood that have nothing to do with GCAT. The MK is ridiculosly low given that gold is above $2000, we are producting, we have 13 months of high grade material to go through, funding news are imminent (8-10 weeks away, perhaps), Kili looks like it can go on for much longer than expected. Yes, management messed up but communication and governance have improved. No reason why we should be still below 1p in a couple of months. Time to accumulate

I found this interesting podcast on the possible political scenarios regarding the current crisis in Ecuador. Lasso threatened to send home all the MPs and calling for new elections if they vote in favour of his impeachment. So the analysts believe that either the parliament vote against the impeachment not to lose their comfy seats or they go for it and he carries on for a short while until elections. Both options will lead to some protests and chaos in the main cities.
That should not affect SOLG's operations (not that we they doing much anyway), but may disturb an eventual takeover. Having said that, a buyer would not be going into production tomorrow so the short term political turbulence may not bother them too much. I've topped up this morning
https://worldview.stratfor.com/article/essential-geopolitics-ecuadorian-president-guillermo-lassos-impeachment-trial

margins are still very high, just watch the latest presentation by the CEO. Sure, we could be doing more but the mines would be profitable even with rock bottom commodity prices. And we've got plenty of cash in the bank. Dividend cover is easily 2X too

I topped up. It's ridiculously cheap

he did a job and I guess someone he's offering him a bigger job

I am topping up this morning after doing more research yesterday. Not sure why the SP has been penalised lately, it's just crazy.
- margins are incredibly high, we would be profitable even during a serious recession
- we produce strategic metals which are likely to be even in more demand over the next few years
- lots of cash in the bank, debt free
- extremely generous dividend that is less thant 50% of the FCF
- ready for a new acquisition
- the mines have still many years of life left
- stable jurisdictions

We raised cash, execs feathered their nests, we stopped spending (no drilling mentioned in ages), no operational news for months, merger completed, strategic review gone AWOL: all this to me means they are discussing a sale of Alpala or of the whole company. It may take a few more weeks or months but this is where it's going. And it's not going for peanuts. Just keep accumulating and sit back.

Tuesdays are often the day chosen by SHG to release news. It would be nice to hear that Singida has started production on time.
Ramping up production when gold is near $2000/oz is going to push the SP much higher

what is going to change? nothing.

the dividend is more than safe. We are still generating huge amounts of free cash and we have money in the bank to pay several years worth of dividends!
The curse of the post ex-dividend drop seems to have affected the share price quite heavily this time but for me this is just a good buying opportunity. I have just topped up.
From a TA point of view I think we are due a bounce from the 90p level anyway. If not i'll be buying more..

- Gold price near $2000/oz
- Singida to start producing gold within days
- WK continues to grow into a world class asset
- management with skin in the game

I've topped up on friday, hoping to double my investments in 6 months

well done Mark and the team! The fact that we got funding worth twice the current market cap means that our backers are very confident in winning this case. They have a 90% success rate and Mark himself is very experienced when it comes to legal affairs involving indian stakeholders. The only problem is that this could take years before a ruling or an agreement of some sort are reached. I consider my stake in PAT a punt on this issue to be resolved but I am not expecting much in the short term. Good day though!

I think the lips were going to form the sound "ch", but I may be wrong. What's certain though is that he's got a buyer in mind, someone they are already talking to. Otherwise he would have said "we are trying to sell" instead of "we are trying to sell to the .....".
Obviously negotiations may lead nowhere (see what happened to Shanta recently, where it seemed like an auction was about to start), but this is a rare asset. Please don't push the SP too much this month that my bonus lands on the 25th I have an idea on where to invest it..

there's also been the usual bullish article on investors chronicle on thursday

more.
We ticked all the boxes, we are cutting costs, we have a depressed SP and an even more depressed PIs base. Ideal conditions for an offer, whether it is for Alpala or the whole company.
Still annoyed that I am 40% down on my investment but I think I am closer to get my money back than I was last week

precious metals are down 15% in a month, that's probably the main reason for the SP retrace. I am happy to accumulate more at this level. Even at these prices the company is incredibly profitable and nearly half of the market cap is cash!
The more it stays below £1 the more I am going to accumulate. Took a chunk at .96 yesterday, bargain!

this is a lifestyle company run by incompetent people. I am tired of being lied to and promised jam tomorrow.

looks like Mark is meeting the R. government today. Fingers crossed

https://twitter.com/PantheraPlc/status/1625393064167759879?s=20&t=O7XkyIVvJKVYPbigERULng

@johnlewis are you being sarcastic or are you really being serious? There's another court appointment scheduled for tomorrow but I would not expect anything new coming from it, as usual..