Member Info for Rhaegar

Glad to be be proven wrong here! Well done for pressing them.

"No matter what the economy does, no matter what fuel prices are, I’ve got a car for all seasons, said Chuck Eddy, a Chrysler dealer in Youngstown, Ohio, who is seeing sales boom for Dodge Dart compact cars and Ram 1500 pickups. “I didn’t have that in ’09.” Attachment: Graphic: April U.S. Auto Sales .General Motors Co (GM), Ford Motor Co. (F) and Chrysler Group LLC -- which all gained market share in the first quarter for the first time in 20 years -- exceeded sales forecasts last month and led the industry to its best April since 2007. Ford sales rose 18 percent and GM and Chrysler deliveries both increased 11 percent. That beat forecasts by analysts of a 17 percent rise for Ford and 10 percent for Detroit-based GM and Fiat SpA-controlled Chrysler. Sales successes came across the board for the U.S. automakers last month. Ford had a record April in Fusion family- car sales, which rose 24 percent and topped Nissan Motor Co. (7201)’s Altima. GM’s hot-selling new Cadillac ATS sports sedan drove a 34 percent increase in the surging luxury line’s sales. Chrysler’s redesigned Ram 1500 pickup jumped 49 percent. " (http://www.bloomberg.com/news/2013-05-02/detroit-beats-estimates-in-best-u-s-april-sales-since-07-cars.html) _____________________________________________ That's probably why the platinum price has been sliding then hey?

I wouldn't expect to see any sort of production/operations update until workers' pay negotiations have concluded. CEO situation frustrating. Departure has coincided unfortunately with gold price slide, making it difficult to distinguish. All gold miners disconnected from indexes currently though. Not sure if there's a precedent for Jan returning, he's still there as a consultant until someone else takes the reins though. I'm fighting off the urge to make irrelevant analogies to various football managers. Good news on QE. The (mainstream) media sentiment regarding gold is still overwhelmingly pejorative however, with the occasional dissenting verdict from columnists. There's an underlying implication in the media that anyone looking to own precious metals (or investing in miners) is some sort of survivalist prophesying an iminent economic apocalypse, usually reinforced by specious quotes from Buffet and Soros. I remain bullish, printing ad infinitum will ultimately be reflected in commodity prices, particularly gold. As and when this sentiment improves, the change will be reflected in the share price if production targets are hit.

Difficult to give an accurate prediction that far in advance because of the effect the world economy has on gold prices. That said, I'd agree with all of the points Salz makes. 30p is likely at some stage. I saw a statistical model that projects potential dividends of up to around 3p some time ago (in several years). I can't see the yield on a gold miner ever rising above about 6-7%, so you on that basis an even higher price is a possibility.

Could do with slightly more volume here! Full ask paid on the few buys so far though. Need another strong start in Toronto to give it a leg up.

Credit to tasagil on iii for the link: http://www.fm.co.za/business/money/2013/04/25/pressure-on-all-sides

Yeah I saw the one at the bell, there was the 10k this morning too. May come up on more people's radar tomorrow after today's rise. Certainly seems to be a lot of interest in Canada, Seems a good strategy. I've beeen in and out of JLP before on the 8-12 run earlier this year. I may buy it again as a longer term investment if Anglo succeed in closing their mines. Decision next week. I'm already in AQP and want to see supply curtailed in order to underpin platinum price before I commit more to that sector.

Would like to see it close about 3.5 ideally, but we've had a good start today. You reacted very quickly to get in yesterday, well done.

3.57

Missed out 'on google finance' - seems a decent feed

I have a tab open on TSX:KGI - it's absolutely flying! One of the quickest opening rallies I've seen.

Thanks. Article was good. Some good info on Canadian sites too, I'm in work so don't have time to post links, but you can find them easily through google. In for a small punt, got offered 211 which seemed a decent reduction on the ask. Good luck to us both ha!

I'm also closely watching PGD and AMA - both responded to the previous bounce in gold, but are yet to react to the 10% shift from $1400 to $1440. PGD has some results tomorrow too.

Not entirely! I picked up on this one last night and read a couple of Canadian articles on it. I hoped for a bargain today but the price seems to have already corrected to TSX level? From a TA standpoint do you believe it has legs? Big buys yesterday could have just been 10% gang.

I've found the quote I was after: "Outlining the rationale for this acquisition, Mr Nelson says: 'Evander has a quality ore body with an attributable underground reserve of 3.8Mozat a recovered grade of 8.02g/t and a life of mine in excess of 15 years. The current producing No 8 shaft will contribute a further SO.OOOoz of attributable production at a low cash cost of around R215,000kg (US$815oz).' - http://www.panafricanresources.com/investor/mjprofile.pdf So there we have it: $815oz. You were pretty close. He may have got his figure from the Evander 2012, which gave a figure of $919oz(http://www.financialresults.co.za/2012/harmony_ar2012/integrated-report/dsao-evander.php) But yes, whether disingenuous or simply moronic, it's incorrect. It was widely publicised that PAF will reduce the previous production cost, using the Evander tailings treatment plant, described as a priority. (http://www.mineweb.com/mineweb/content/en/mineweb-political-economy?oid=177639&sn=Detail) I don't see gold prices remaining suppressed for long enough for it to become relevant, but we could survive as a business on much lower price than today's.

Cheers. Will have another look at that Edison note...which is worth a read if you haven't done so already

Anyone recall where the Evander production costs were last documented? I seem to remember Nelson talking about it in an interview but have also seen it written somewhere. Recall it being fairly low by global standards, think the share price mauling is overdone...do need to re-calculate fundamentals though for dividend estimate, all my first figures will be way out now!