Member Info for Prince_3k

For ages I thought this wasn't a realistic reality, but looking at how close we are to $2000, it has become very much a possibility. I reckon tomorrow we'll move into the 107-108p range. I'd be happy if we're above 110p, but I know the movement in gold mining shares tend to be quite slow

You definitely need the stomach for this share unless you're the type who can buy and not daily (evenly hourly) check the markets. I've still got a chunk but slightly reduced since the ftse movement results come out after hours

Can someone please explain to me why Gold price drops on increased inflation. Surely it's supposed to be an inflation hedge. I can understand increased inflation meaning increased likelihood of the fed raising interest rates, hence a reduction in gold price. But surely if gold price doesn't increase with larger inflation, then how is it a hedge?

I'm seeing a lot of old faces back on the board which is nice :) Been watching from the sidelines myself. May dip my toes back in once there's more clarity

Would love to see us over 120 again. Would definitely be a tailwind moment :)

Thanks Thunder. Very good point. I agree that they'll let inflation run for a while before increasing interest rates since they need to get the economies back up and running and it may still be a while before they increase rates to prevent an overheated economy

Finally over $1800/oz. Hopefully we stay above this benchmark moving forward. Any views on the affect of Gold if inflation picks up because I'm slightly confused? If inflation increases, I expect them to increase interest rates which is negative towards gold. On the other hand if inflation picks up wouldn't that make gold more valuable since the USD would be worth less? Views/ anyone with a better thought/idea are more than welcome :)

I use to be a shareholder in Lekoil for a year and a half (exited a couple of days before the fake loan debacle). There are very few companies who have assets the quality of this, so I've continued watching from the sidelines. It's actually playing out like a TV drama. Hoping that it all works out in the end for everyone, especially the long term holders who have been here for a while.

Currently have this as a small part of my portfolio. Want to see if I can increase just below 28p. We'll see if my bid is accepted and if it is, I'll throw alot more at this.

CEY seems to be fairing better than most gold miners today. It's probably because of an already dramatic decline over these weeks and still a div to keep the fall being too deep

82 blocks awarded to 11 players. Averages about 7 blocks per company. Based on Centamin's size and being an Egyptian company, I'd guess a slightly higher 10 blocks for the company

They're probably waiting to specify the exact blocks in the RNS rather than a generic acknowledgement that they got something. Expecting the RNS will land by the end of today with the details of which blocks they've won

Thanks EspecialC. I'm on a pretty low average at 131.6, so I'm not actually down much. I think I'll wait. If there's a bigger decline into the mid 110s then I'd average down. If not and it increases then I'm still happy

I don't know about everyone else, but to say I'm confused whether to average down or wait is an understatement

Been watching Centamin for a couple of years now. Finally decided to buy a chunk at 131.5. Happy with the buy in price. GLA

Thanks SK. I'm currently not an investor in PMO. Was just weighing my options
Thanks Slift. Based on a market cap of even $2billion @5% going to PMO holders, that's only $100m dolllars = 77 million. Therefore the market cap would have to be at least $4billion (with $200million/£155 million being the PMO portion) otherwise I'd be losing money. Based on this risk/reward, I'd guess I'll not buy/ at least wait for the combined valuation before buying

I'm actually really confused as to whether to buy in to premier oil or not. This has to be one of the most confusing transactions I've witnessed since no one has a clue or even an estimate of the price of the merged entity

Been a long time watcher of this company for a while. Not sure when to buy in. I may wait for the geological study to finish. Still a great company, paying a div and making great profit

I'm more than happy to hold over years rather than months. If it pays a dividend (even a much lower one) then I'd be more than happy to hold. And if the price declines significantly and the dividend is maintained, then I'd happily top up more

Having a look at it now, that 10p may come more sooner than later. I think even I'd be tempted to buy at that price.