Member Info for RichTheNewbie

Basscadet - surely production being the same as usual next year (rather than lower like this year) is a good thing!?
I don't really understand most of the reactions here. It's been fairly obvious there was going to be a poor few quarters and start to ramp back up next year. Just a case of getting them out of the way before things improve (and most of it is probably now out of the way if the guidance that's maintained is correct).

Why would you forget the shares....just when they'll be exiting their worst period and into an exciting period with production ramping back up, more exploration drilling than ever, ? If anything it's the time to do the opposite!
The grade being 2.23g/t this quarter but good amounts mined/milled just shows they've not yet got back to the higher grade area(s) which was to be expected.
The throughput has been rising so now just a case of getting those higher grade areas back in the mix (and third mill coming online in Q1 2021).

As expected. Production not yet risen lots. Guidance maintained though which should mean that it’s a stronger Q4 (need 17koz+ to be within it). Was to be expected as they pretty much spelled out previously they weren’t going to have got back to higher grade areas yet. So that should be the final weak period out of the way and things will start to ramp back up.

Dan - it was a bit of hyperbole but dividend investing is hardly a big mistake. It’s very much out of fashion these days though. In the era of money printing that’s probably hardly surprising. Not got a clue what you’re trying to say with the second half of your post :p

Balls to that. The only reason anyone invests in a giant like this is the dividend.

Don't need to tell me that...as I said it makes no sense to me ;)

Yes......I wasn't asking how production works....what I don't understand why your expectations are higher than the company's?

Great if their production comes in well above expectations, but it seems to be a bit of a straw man tactic to say you're expecting higher production than the company's forecasts, and then follow up with a spurious need for a cash raising if these inflated expectations you generated aren't met.

Quite the opposite. Someone has been hoovering this up in bulk and was probably the reason for the pullback. To make the average joe think it was falling and get some shares to sell to them.

18oz=18koz obviously.

They mined 220k+ oz in Q2 and generated 14.2koz of gold.
Furthermore the expectations for the year are 60-65koz following the zone issue so, as alluded to by the previous poster, that's 60to65 - 29koz (produced in Q1+Q2 roughly), ie 31-36koz for H2, or 15.5koz to 18koz.
Generating 18oz would be at the absolute top end of expectations and with production previously predicted to ramp back up this year you'd expect Q4 to be better than Q3.
Therefore I'd expect 15koz, give or take 500oz, and anything more than that being a bonus.
Don't know where you've got the need for fundraising from - makes no sense at all to me.

Just noticed that there's been a large delayed-reported buy on this (100k at 134.375). Couldn't have got that price to sell that much. Someone is hoovering these up in volume.

Markets are like politicians at the moment.

It's all about the next 3-6 months, thematic investing, trends, obsessions with growth above all else, etc.

If measured against the revenue/profit/etc the share price makes no sense.....however if you ignore the actual money being made by the company (and even more going to be made with things like the new vulcan plant) and narrow your vision to a myopic "are metals prices rising" or "are metals prices falling" the share price makes sense.

It's the "why buy now, it's falling, and metals prices aren't yet rising" mentality. Value rarely comes into it. Things in downtrends can see companies priced totally ridiculously until an inflection point (often completely spurious) before heading in the other direction for a continued period.

I would have made far bigger gains in recent years, riding my winners longer, even well beyond what I thought was justified as a rise, with this kind of mentality (and no doubt propped up by algo/trend/techy trading awash in the market).

Whoosh. Gold back up again...the yoyo is on overtime today.

US inflation comes in fractionally above expectations at a whopping 5.4%....and still somehow wipes off the day's rise in gold upon release. I really should learn to start shorting every gold rise. That seems to be the game.

Funny thing is it’s not gold they should be worried about. There’s a reason China banned Bitcoin. Western powers just aren’t smart enough to see it and don’t think long term or strategically.
The reason being people aren’t going to start bartering in gold any time soon, any time ever, unless it’s a real societal meltdown of biblical proportions. Bitcoin however they very much could use to pay for everything if they allow it to continue on its current path. It’s an existential threat to western nations like the US that they simply haven’t either realised / been told, in the corridors of power. Hell the head of the SEC is getting slated for trying to regulate Bitcoin by politicians (no doubt also incredibly biased ones with an interest in it going up)….in massive irony…since bringing it more into the mainstream is what will continue its success. Gensler is practically a Bitcoin advocate anyway and has made glowing speeches on it.
The US is embracing its future killer with open arms at present. Gold is a distraction if they don’t address it.

I'm certainly not complaining but I'll be happer when its 200p+!

Think Peel Hunt are playing silly b*ggers. Supposedly offering at 13p according to the indicative book but no way to get anything below 13.9p still.

Only took them a couple of hours to pull it back down this time. No prize though for guessing that tho booboo ;)

booboo - yeah but the interesting thing was the direct impact here - never usually this hard to get stock even when gold rises. Looks like it's cleared a seller (500k+ trade reported) and now it appears there's zero stock around (unless someone starts selling).

Gold going bananas. Can't get Shanta now under 13.9p via any method.