Member Info for PortfolioPower

Floor is now in

Time to take some whilst quiet.

GLA

Less than 30m market cap - crazy cheap

With £6,106,222 cash at bank

A further £500k+ cash coming in from UF0 disposals

High grade 704,000 oz Gold resource open at depth and multiple directions only going to keep growing this one.

Gold price just warming up.

GLA

If they can lower their AISC could see a really strong bounce back

Surprised this hasn't moved more quickly to the upside.

Nearly 20% up on my Newmont tranches from last week

That's a sharp move north on a 35bn market cap

GLA

Nearly 20% up on those sub $40 clips in just a couple of sessions.

Have been steadily adding to SGLP & SLVP over the past few weeks.

On a bit of a rip

Gold ripping vertical

@barnetpeter

Yes, that's text book how to do it.

Well done.

GLA

I don't see any harm in trading these short term.

Makes no difference what is written on here.

Took some off the table here today and at CEY and at Newmont after taking positions on all last Thursday.

Suspect we may see one or possibly 2 more pullbacks around the next rate hike cycles (all opportunities to add imo)

After that stage I'll just be loading and holding in anticipation of a PM bull run next year, whilst maintaining optionality and keeping across the macros for any additonal risks or opportunities

GLA

Short speech by Sunak on stage at Sharm.

COP27: Rishi Sunak urges global push on 'clean growth'

The fight against climate change can become "a global mission for new jobs and clean growth"

Looking much stronger now.

Maybe likes of Marble bar looking to close as have the biggest exposure on the short side.

Or the others starting to close out ahead of them . Lol.

THG now up over 100%+ from their recent 52 week low.

Suggests BOO have plenty of catching up to do imo.

New High Grade gold zones coming into production to improve average outputs.

See plenty of room for SP gains on the chart here with a potential double up from here.

Adding whilst quiet

GLA

Has finally broken down below $40 for the first time in 3 yeats so on the radar now for some tranches.

As the $DXY index inevitably rolls over these gold producers will move up sharply

Fairly rapid turnaround here over the past couple of weeks.

Revenue 2021
$92.5 million

Net Cash Position at 31 December 2021
$37.5 million

Profit after tax
$7.4 million

FY 2021 Dividend
$0.08 cents per share

Management with significant shareholdings

"Peak rates not as high as current expectations"

Yes interesting to note that guidance issued today.

.

Excellent gold and copper grades returned

Geological exploration well underway with small-scale mining commencing in Q4 2022

Underground vein sampling collected 230 samples with a total length of 117 metres, including six channel samples with assays ranging from 51 to 104 g/t of gold

New gold mineralisation zone discovered in the north-west of the mine area