Member Info for mogo

1. ABG is a SEPARATE company from Baarrick Gold having been hived off a few years ago.Yes the parent has large debts though over $3bn was paid back of that this year. 2. what of ABG's debts ? From the latest Morningstar report dated today-(c) words changed a bit for that-net borrowings £m 456,855,812,256,376,-247,n/a for years 2007 to 2013 so first they got it under control then wiped it out. 3. as to closing mines that would be more profiable after a time to concentrate on better paying mines with that ? Fewer overhaeds,higher production etc.ABG are in the middle of a cost cutting operation,the costs per oz. gold are well below the POG in the $950 or so range. 4. court cases cannot be forecast abd should not be commented on here as they are sub judice in fact you'll get into trouble if you do..

aaah right from that it is about the 6 who died in an incident...no comment to make.GL DYOR

aha good results on quick scan read but nothing ever assumed,also a court case maybe coming ? Probably local TZ people wanting rights off land claims etc. or for disturbances/pollution etc. ? Guesses.Always happy to wish rights etc to be resepected it is a balance between their incomes and jobs and life styles and needs DYOR GL

fir H2 the results were production 311Koz. costs $ 903 /oz. cash balance $ 321m so maybe can afford a poorer report with savings in costs etc already being applied,again see Newmont and Goldcorp doing not bad after poor results.

OMI will come back again.The 12 month low was 6.88pin June,still quite above that.Watch the news this week a lot going on.

it is possible there will be more downs here,and this week important news will be plus/minus.However would anyone say gold will never again be above where it is now ? Of course not.However the massaging and manipulating goes on,there will be bad days for the dollar,interest rates etc. sometime. I see both Newmont and Goldcorp took hefty losses,their SP's -see the charts only reacted a little last week.Many gold miners including this are cutting costs and even running down some production,which might cut supply.I read somewhere that world gold production only rose 1% last year.

which might explain why of these both OMI and AVM have recently been doing a bit better than ABG,AGQ,and KGI.Again this "rule" does not apply to such as your Woolworths,HMV's going bankrupt.

minuses-India has tightened gold imports just before the H2 gold season of buying.Might that increase shortages and raise the price ? China appears to see a gold/yuan based world currency and doing away with the $ link to commodities.Which is the nitty gritty.We need a falling $ to help all commodities,and rising inflation,which we are beginning to get,watch the 10 year US T-Bond rate rise.Which will burn bonds.Anyway one article in Market Oracle said the way the writer invests is to see the SP compared to the 200 day average-sell,if above the 200DMA- buy if below.Assuming of course the share isn't going bankrupt lol.And again these won't -as of now- since the cost of production is below the price of gold.At present OMI for example has a 200DMA value of 25p with an SP of 9.25p! Other figures,200 DMA/SP are 240p,112p ABG, and 396p, 233p KGI and AVM 38p,10p and AGQ 10p,4.85p.So it looks from those that OMI and AVM are furthest back.GL DYOR

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in this even most of the majors could up to 4 bag while yes this might 10 bag,so many good gold producers will give you rewards without needing to take even more risk in AIM for those that is too much for.An article on Seeking Alphs-c- says exactly that,these majors offer dividends,have cash piles and little debt while the gold is being produced reasonably below the present gold price at arounf $1100/oz. Of course there's risks but for most top FTSE100 non gold shares they won't be 4-baggers at the market peak in fact you'll pay a lot for a few % gain if lucky.That's my basis for investing now.Yes they might go down even more but we might sell in that case.Blind loyalty is out thats what the last 3 years taught me.

as soleman says this has at least managed to rise from the 90's though it might not be spectacular so far.Yes others like OMI/AVM etc managed to fire up but came back down too.I was looking at a large number of medium/big gold/silver mining producers and many have hit the 50 day moving average though yes the 200 day is welll above in most cases.There is a detectable recovery a bit slight yet but dating from June-ish.So this is early days for any big profits here.We have dividends,a cash pile and costs under control at below the present price level of gold.Watch the QE/rate of inflation shenanigans and the US Treasury rates still creeping up.Just my guess but compare here to a highly rated FTSE100 non gold share at the 5 year peak and measure the relative risks.

I am in an awkward situation-one more false move then out for good.I'm in several places in gold in fact shifted in over a week ago.Since I need to be careful I'm in a number of medium ones or majors in gold/silver which I won't mention specifically.Once some more capital is generated hopefully OMI and AVM too are on my radar.At present spreads here are a bit high for me and Mkt. caps too low.AIM has savaged me for 3 years shredding my capital.If there is a big move on gold we won't miss it.The "recovery" seems to date from June not earlier and certainly I couldn't dive in too riskily right off seeing the above.I think I did quite well snatching at the 40p move with OMI in spring though it wasn't much profit for me.A number got in at the top then and got their fingers burned.Even if there is a big recovery in gold there will be ups and downs.Agility and constant vigilance will be needed especially if any of us are into big sums of capital.I'm quite poor these days and must "gang warily".Which means be careful.Here's a list of my possible targets to dart between in a gold/silver recovery scenario-Bigger ones-ABG,KGI,FRES,MML,HOC,HGM.Smaller ones-AVM,OMI.All of these I think are ISAable except HGM.All producers.Several ABG,MML have dividends sometimes.All appear to have gold/silver costs reasonably below the present market prices and seem to be cmaking economies on costs.GL DYOR.

See a 10 to 1 consolidation suggested for AGQ,,

and saucer chart ?

c that AGQ would only have 32m shares compared to 78m here.ChartwiseOMI is still really just on the starting blocks over the last few months since the 40p spike when I was in.One of the few times my timing was better lol.Normally when I get in it goes down,luckily for you not in now.Will return one day.Good share.

sussed this-it could be the right hand bump of the H&S shape still to go ?

NC-getting two deals does not make a third deal any easier Coburg-they feel a x27 or more deal by 2016 is possible From AFE's point of view they'd need to survive till 2016 too,the problem in selling projects is that the AIM company hasn't done a BFS so all valuing is done on a reduced rate per possible lbs. of nickel produced.Getting back to 6.2p infers a MCap of 27 times the present or over £50m.Some kind of T/O or total sell out of the AFE 10% to NC and/or Coburg is more likely to raise cash quickly for AFE who are running out of it. A T/O would be at a multiple of the present miserable SP.Yes agree the 50% spreads on CGG and 20% here indicate what the markets think of this.Of course nothing in future can ever be ruled out even though..

again to anyone reading that,it is based on a CGG deal not my imagination...

my 16.51 sounds mad but CGG are assuming/hoping that will come off.What do they base their assumption on ? I've been posting on CGG who haven't heard of MP in some cases or even NC too for some.We both know NC has got two deals already for his company while this CGG appear to have had about £185m.See the post on iii interactive investor for that highly interesting 6.8p option by 10.2.16 nugget.. It does seem a good "bet" for anyone to anticipate £27,000 for £1000 put in now in 2.5 years-of course they might lose the lot.BUT- it isn't me it is CGG who believe that -will many other people join up the dots ?

NC=Nick Clark getting about 90% of the AFE project now through his company.See AFE RNS's.Also see my "wild claim" over on AFE based on the option of 6.8p taken up by CGG according to a poster on the AFE iii interctive investor site ! Apologies for assumptions...