Member Info for nimrod22

Most countries use the police, and have arrested multiple directors of companies and later convicted e.g. Bankman-Fried and Bernie Madoff. The army are the police in Mali. When working in Nigeria in the past it was easier when the army was in control, there appeared to be many less palms to grease during day to day activities, and the ground rules were clearer.

Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25

Https://www.mining.com/web/gold-miners-q3-2024-fundamentals/

Https://www.mining.com/web/mali-seeks-160-million-from-resolute-mining-after-detaining-its-ceo/

"The apparent detention follows a number of arrests in recent weeks targeting fellow gold miner Barrick Gold Corp. employees by the military government which staged a coup d’état in 2020. Four Barrick employees were arrested in October. Mali Threatens to Let Barrick Mine Permit Lapse Over Dispute.

Resolute, like other international miners operating in Mali, has been under growing pressure since the military seized power. The company has ramped up production at its Syama project in the nation’s southeast and a second phase of the mine is expected to be in operation in 2025."

Waiting for a Resolute rebound I'd recommend a punt on one of the many Canadian Gold miners (there's plenty of them).

https://www.mining.com/equinox-golds-greenstone-mine-reaches-commercial-production/

TSX:EQX set to produce 390,000oz / year.

The oversold region on the RSI graph

USA tariffs start to kick-in there will be even greater reason for other countries to increase their central bank Gold holdings so as to avoid Dollar hegemony. The Gold hedge re a possible disputed /uncertain election has melted away , but the other factors remain i.e. Ukraine war, middle East, Taiwan and possible BRIC moves towards supporting an alternative system as proposed by Russia (though not supported at present). It remains an uncertain world.

On very low volumes. Buying opportunity for some.

Https://www.mining.com/web/gold-stocks-winter-rally-2024/

Https://www.mining.com/web/gold-price-surge-adds-glitter-to-tarnished-miners/

Volume trading

Passes the following "Long" screens: - Josef Lakonishok Momentum Screen(Momentum Investing), Piotroski High F-Score Screen(Quality Investing), Neglected Firms Screen(Value Investing), Bold Earnings Revisions Screen (Momentum Investing), and The Screen of Screens(Quality Investing) all at a 12m Forecast Rolling PE Ratio (f) of 1.9. Rising revenues predicted over the next two years .

As Janis Joplin said "get it while you can"

Https://www.mining.com/web/world-gold-demand-tops-100-billion-as-western-investors-pile-in/

Https://www.mining.com/gold-price-logs-new-all-time-high-amid-us-election-uncertainty/

Re Gordon Brown selling Gold; later to be known as "Browns Bottom." He sold at a 35 year low, prior Gold price taking off due to a financial crisis. Another mistake was telegraphing his intension, which dropped the value of Gold prior to him selling it.

He used the money raised to pay off long term debt which was at at high interest rates at the time, which later analysis by some commentors has indicated may have been beneficial (though clearly selling for a higher price would have been better).

Just drip feed it in if you're uncertain. Although much of the Gold miner rise has already taken place over the last year there is still more to come but at a slower rate IMHO. If you're in to looking abroad there's at least 10 Canadian miners that you could take a spread across as well as the excellent UK based companies. You may buy foreign shares in a UK ISA so as to save on capital gains etc.

Some MAU.V shares.

https://www.mining.com/montage-gold-lands-825m-for-new-west-africa-mine/

"Standard Chartered analyst Suki Cooper expects further upside risk in the coming weeks. The bank sees gold averaging $2,800 an ounce in the fourth quarter, with prices set to average $2,900 for the first three months of next year.

Analysts from Citi Research have a similar outlook. The bank recently upgraded its three-month gold price view to $2,800 per ounce from $2,700 previously, adding that its 6- to 12-month forecast is $3,000."

Wednesday, October 23rd 2024

Q3 2024 Fresnillo PLC Production Report

Monday, March 3rd 2025

Full Year 2024 Fresnillo PLC Earnings Release