Member Info for mbingo

Well spotted! Buy and hold.

Thanks for your thoughts.

When do you see Silver making its move?

Nice to see a base formed and change in trajectory. Could really go some in my view now. (Own view) Only FTSE 100 gold/silver mine - with precious metals on the turn and risk off.

Great day for gold! More work to do for silver. This looks to have turned. Bottom looks in. Delighted that I’ve re-positioned for it. Who knows, we may gap up to a more sensible price tomorrow!

Silver just jumped too !!

Yep, against every other currency. I think that this sticks re gold. Fundamental change.

Looks that way. Chinese currency weakening v dollar though. Risk reward got to be in favour of Fres longs at this level ...

Thanks. I saw two on this site, but at the same time so maybe only one took place. Thanks for your thoughts.

Is it actually possible to tell whether those two large after hours trades at 724.80 of circa £1m each on Friday are buys or sells?

Thanks Bonker! No getting away from the simple fact that the US debt pile is massive and makes sense for USD to be devalued to sustainably pay down, hence inflation and rise in precious metals.

Think that the Yuan has been devalued sufficiently already. China won’t let it go over 7 seemingly - and now fallen back to 6.84. Think the dollar will reverse as safe haven asset vs dollar. Inflation important factor as dollar loses some of that shine.

I’ve been buying - my second biggest holding now. My thinking being: Gold showing real signs of breaking 1289 now, even if silver is stuck at the lows. Half of their revenue from gold. Massive reserves, production, cheap costs. 52 week lows. Bad news in. Production targets still as before, even if Q1 was disappointing. Safe haven in what looks to be a turning market. Dollar looks set to devalue as rhetoric turns towards potential rate cut. All favours precious metals. Production in H2 2020 set to increase 20% for silver and 5-10% gold. I expect a 10% day in the not too distant. I hope anyway ... even if it is not immediate, downside here limited and good hedge on my other holdings. My thoughts. Welcomes others. Thanks

Just about at the 200MA, having tested 60 a few times now. Has been quite a fall from 600 ish over last few years. Costs reducing, 3 tech companies entering commercial contracts in 2019. Hawkeye already. Heavily backed by institutions. Cheap at £150m cap. Feels like the right time to buy in - I have.

6.5% dividend yield this year. Ramp up to 55,000 Q1’ 2020. Opex at $3.5/barrel. Cash at US$300m, with $100m bond. Potential to double revenue in 2020. 2P Reserves of 600m ish. Market Cap at £580m. Clear buy at this level for me anyway.

Company raised £10m at 190p in March last year. This has fallen a long way - company worth 13.6% of the price to be exact.

Some shareholder dialogue would be good - some PR. Have they any plans to discuss recent news?

Volume here - re-rate in play.

Opportunity for some of their vast 2C Reserves to be reclassified as 2P. Various inflection points to cash flow and share price at play here.

Would expect an update over the next week. We’ll see.