read the website in detail there it is a bit downputting mostly.They must focus on cost savings much more though perhaps held back by new staff both at the top and bottom.Lack of skilled miners they say,need for training,the delayed getting to 2400 tons etc.There is certainly promise of a lot more gold in the site though they only target at least 10 years now.The new plant should be run red hot 24/7 so to get better figures.KGI will obviously share in any rising of all boats but to get individual results is harder for now.2015 might be the first really good year for that.But I expect lift off of this sector before then.See my post Crisis points Multiplying on the POG thread for examples of how we might get gold more popular...
A few years ago OMI got to 293p.Of the 16 or so UK producers I track that makes it the biggest potential bagger if it returned to its best.About x29 from here !! Stay cool,might be a drop to come but maybe not much more..
yes agree 8.9.10p whatever id does in the next few months these are bargains.Or will be in the long run.It is an inconvenient truth that most of the shares I've sold rose later,that's what sharedealing has taught me.
costs stated of $1105/oz for the quarter in the results were too high;they hope to get that down to about 2/3rds of that.That is vital as at present they are lossmaking.Gold might drop further so a margin giving profit at these levels is required.
yes Janet is a cautious one.Doubt she will want taper for a while.Stocks must eventually do without the drug of QE.The potential gains in gold mining shares are far bigger than what main markets can look forward to.At least I think that.Meanwhile KGI are trying to get costs down,maybe a bit more they can do there ?
Thanks again JT for that.It would be a pity if Prar' and Jib' were here only virtually lol, but there you are. Jib' used to post often on CNR. Prar' was last heard of somewhere in India-is he q'ing for tickets at Mumbai Station lol ..Anyway all places are still fluid in the VPF-we could drop or gain places still.GL
Yes ATC,RRR,AFE etc hurt me in R/L though I was a bit luckier to make up some of that ground with gold shares in the middle of the year.Again that has got worse but hope remains.I refuse to jump on the FTSE100 bandwaggon,which might derail soon.The long game for a good while then.Making up a good set for the VPF could be harder next year,with unpredictable timings of market rises and falls.
Well I'd have expected that.lol! No wonder the world is interested,ha.Anyway I read somewhere only the dogs are doing better these days on the FTSE100,perhaps that is it.And the miners are no better.A great idea picking RRR,not.