Member Info for nimrod22

59% since my buy on 18th December 2023. Better than NVIDIA !!!

"COMEX gold futures have seen the biggest uptick in net new longs in five years in the past two weeks, though exposure is still not close to the record for open positions, standing at 426,000 contracts currently versus 550,000 contracts held at the end of 2019." from bloombe...

Good news in the pipeline re SP rise ??

Is listed as a superstock on stockp..a, with a rolling P/E fwd of 3.5.

ROCE of 86% , and a ROE which are 1st out of 149 companies in the metals & mining section for both measurements. An ROA of 36%.

Net dept lowered from 81.1m in 2022 to 48.8mm. It looks as if all is on a roll.

According to SRB web site, they reckon on doubling production by end of 2025.

Well I guess all the companies listed promise lots of sunshine in the future, but SRB stands out (if to be believed) as they reckon on doubling production by end of 2025.

Equinox Gold reckon on a production in 2024 of 660,000 to 750,000oz which if taking the average would be 705,000oz compared to 2023 figure would indicate a rise in production of 24.9%. The others are a bit mixed.

HOC produced 186,744oz of gold and 9.5 million oz of silver in 2023, a P/E rolling 1yr of 7.5.

WPM produced 374,00oz Gold and has a P/E rolling 1 yr of 29.6.

EQX (Equinox) produced 564,458oz Gold, P/E rolling 21.7.

SRB produced 33,000oz gold P/E 5.1.

MTL produced 85,744oz Gold P/E 3.6

SHG produced 100,571oz Gold P/E 11.6.

At adding to my various Gold mining shares; PAF, SRB, MTL, SHG, HOC, WPM, EQX etc and wanted one that has a low spread which would be easier to exit when wanted. PAF fits the bill for easy trading as does HOC. Some of the holdings such as SRB and MTL have greater upward momentum, but may prove more awkward to unload in any large quantities. In the last month Gold Bullion up 7.7% in dollar terms. PAF up 23%, SRB 20%, MTL 49%, HOC 16%, WPM -2.8% (though up 15% over last 2 weeks), and EQX 9% up. So the smaller Gold miners are increasing in multiples of the bullion price and the legs to run much higher in my view.

Lee, that's an excellent interview that you posted below.

"Explained by Darren Bowden in February 2024"

Metals Exploration MTL up 12%, whilst here at Shanta we're just sitting on our hands. Gold in Dollar terms up 19.6% over the last 12 months.

In August 1976 Gold was $103, and $760 by January 1980. Similar rerate could easily be starting now.

Another top up prior to Gold bullion record high posted today.

Bullion just posted a new record high today

Article by Lex re Gold in the FT today

Other Gold miners have risen dramatically; we're getting taken for a ride.

PAF up 25%.

MTL up 49%.

Future revenue figures still valid with the rapid rise in the price of Gold??

2022 ($376 million). 2023 ($322) TTM ($359 estimate)

2024 ($374 estimate) 2025 ($421 estimate)

Looks a bit sluggish in rising in the 10day/3 month relative strength scale compared to other Gold mining companies i.e. PAF, MTL, WPM, SHG.....

Gold stocks (not unexpectedly) are on the rise as well as MTL. SRB (less debt) with a P/E of 5.2 is worth a punt if looking to spread risk, though I think MTL has the edge on it.

If the share price bottomed out last week and on the way back up with the increase in Gold price. The high P/E 28.6 is a bit off-putting, when compared to Serabi 5.2, or Metals Exploration 3.1.

Like its on a roll, similar to many of the smaller gold shares such as MTL