Member Info for Midasjohn

done my *** packet sums

profits will be up 200% this year assuming 1.5 m prod and metals prices as they are now

and similar mix

could be even higher with higher % of gold and silver

cash flow massive as well

not a share to sell

At the present gold price profits wouldn’t just have doubled

Outlook for year is massive

Plus buy backs mean in the ground and cash per share are increasing even more

Expected these today aug 16th last year

should be ok

always buy on good results in a bad market
GFM will eventually rocket

2840 and looking strong
jan trading statement should be be good

It was a detailed report but conclusions were:
smaller, more leveraged companies tend to outperform. Right now, we are still in an uncertain environment with an ongoing correction in gold prices, so it is still a time to focus more on profitability than leverage.
That’s why I am bringing Hummingbird Resources to your attention now. It ticks a lot of boxes.
I rate the share a buy up to 50p. My 12-month target is 70p and three-year target is 200p.

For my part I’m trying to diversify into different gold mining territories but I am convinced gold will benefit from the current printing money situation

i'm one of the new buyers on Gold Shares recc
looks excellent
will add if price falls back a all

UB you only need one of the institutions unloading a few to bring the pice lower in a thin market

but with gold 1848 this morning
and zinc around 2200
the share is considerably undervalued based on likely profits irrespective of other issues

qe

Fundamentals for GFM looking much much better
Zinc and gold not correlated but both going up for different reasons
Some if zinc mines closed/ closing
Gold must benefit medium term from the massive we and governments borrowing worldsidd

as mentioned before
aviation suppliers order backlogs have fallen off a cliff with no early recovery in sight
and redundancy costscan bevexpensive
how much of the high margin business is directly flying hour related

strategically important firms will be helped but the worry is shareholders are not the governments the main consideration in these circumstances

the good news is that car use coming back fairly quickly
on share price i am i seller at current level or higher and a buyer below 50p

company has good management and broker opinions optimistic but i reckon high margin product support business at gkn has fallen of a cliff with no flyng or driving
this will put enormous cash pressure on a fragile balance sheet
friendly bankers will be needed

im sure that the folowing factors all look very positiv
gold now 1550 dollars and likely to go highere
doller /yen
sterling depreciation
lower marginal extraction costs as zone 2 production starts
so
only negative is zn price but thois coud change

Buy at

My only slight worry about GFM was resource on zone 3 before zone 2 gets under way
This worry goes away completely
The present share price is ridiculously low but
Results and new resource statements on the other zones will help
No brainier but st this price

cant open a leveraged position at present !

With zn and gold up and anything to do with the uk
looking worrying putting cash in GFM is a no brainer

Finalisation of zone 2 and interims But the real gem could be expl drilling news and new resource estimates

Looking at the annual report mine map the expansion into zone 2 is very straightforward with little capex It will bring increased t/o and lower unit costs (low anyway) and fill processing capacity Zinc price fall is Trump hysteria and won’t hurt GFM as much as other higher cost producers Zinc price recovery will be bonus So very bullish overall

of course, there is buyer for every seller