Member Info for Riskass

Looks like the orange man had done it again!

Trump has held talks it’s Iran to Complete with total resolution of the hostilities in Middle East!, everything will be going up now, for how long who knows with this plonker

Hold and buy more gold will come back soon, this is only noise, fundamentals have not changed

I completely agree with you gnome about the stupidity of people finding refuge with the USD, the current Iran war is costing around 700 million USD per day, this money is coming out of thin air and accumulating to the ridiculous sum already owed. Once it all calms down a bit all that has realistically happened is further devaluation of the currency which will rebound gold to new highs. I’ve got around 20% of my wealth here and happy to hold and will add when possible, I still think this is very undervalued but we shall have to wait for now.

In 2026, AngloGold Ashanti (AU) is focused on consolidating its massive 2025 gains, with a specific emphasis on the Egyptian Eastern Desert and its emerging Nevada hub.

Production & Assets: The "Sukari Effect"

Production Guidance: AU has set a 2026 production target of 2.8 million to 3.17 million ounces.

Sukari's Role: The mine is now a top-tier performer for AU, expected to maintain a steady output of roughly 500,000 ounces annually.

Obuasi Ramp-up: The Obuasi mine in Ghana is projected to grow to over 300,000 ounces in 2026 as it continues its technical optimization.

M&A and Exploration: Expanding in Egypt and Nevada

Egyptian Eastern Desert: Following the Centamin deal, AU is aggressively exploring its new 2,200 km² landholding. The goal is to identify satellite deposits that can feed the Sukari mill or support new standalone mines.

Nevada Consolidation: In early 2026, AU completed the acquisition of Augusta Gold, adding the construction-ready Reward project to its Beatty District portfolio.

Arthur Gold Project: A full feasibility study for this world-class Nevada discovery is scheduled to begin in Q2 2026.

Financial Outlook: Managing the "Cash Mountain"

Revenue Surge: Analysts expect 2026 sales to jump roughly 23% to nearly $12 billion, driven by sustained high gold prices.

Cost Pressures: Total cash costs are forecast to rise to $1,315–$1,455 per ounce in 2026, with roughly half of that increase due to higher royalties tied to record gold prices.

Shareholder Returns: AU has declared an interim dividend of 173 US cents per share, payable in late March 2026, maintaining its policy of returning substantial cash to investors

AngloGold Ashanti (AU) is currently in a "powerhouse" growth phase, having successfully pivoted from a period of restructuring to one of aggressive expansion and record-breaking financial returns. As an AU shareholder, the key narrative for someone else to understand is how the company has used its "cash mountain" to secure a much larger global footprint while simultaneously returning massive amounts of capital to investors.

1. Strategic M&A: The Egypt Entry & Beyond

The Centamin Acquisition: In late 2024, AU completed a $2.5 billion acquisition of Centamin, bringing the world-class Sukari Gold Mine into its portfolio.

Eastern Desert Potential: Along with Sukari, AU secured two major exploration licenses covering over 2,200 km² in Egypt’s Eastern Desert, a region rich in gold potential that remains largely untapped by modern techniques.

Nevada Consolidation: AU is also expanding its "Beatty District" hub in Nevada, recently moving to acquire Augusta Gold to unify its massive land holdings in the region.

Production Growth: Moving Into the Top Tier

Production Surge: Group gold production rose 16% in 2025 to 3.1 million ounces, largely due to the addition of Sukari and a 20% ramp-up at the Obuasi mine in Ghana.

Future Targets: AU is now the world’s fourth-largest gold producer by volume. It has set an organic growth target to add another 300,000–450,000 ounces (a 10-15% increase) over the next three years without needing further major acquisitions

Reserve & Resource Growth: Building a 20-Year Pipeline

Record Additions: In 2025 alone, AU added 10 million ounces of new gold reserves—more than three times the amount it actually mined that year.

Arthur Project (Nevada): A major highlight is the discovery of the Arthur (Merlin) deposit, which added 4.9 million ounces of first-time reserves and is expected to produce roughly 500,000 ounces per year once operational

Financial "Cash Mountain" & Shareholder Rewards

Record Cash Flow: Driven by high gold prices (averaging $3,468/oz in 2025), AU's free cash flow tripled to a record $2.9 billion.

Debt-to-Cash Flip: AU transformed its balance sheet from $567 million in net debt to an $879 million net cash position by the end of 2025.

Massive Dividends: Shareholders received a record $1.8 billion in total dividends for 2025, reflecting a policy that pays out 50% of free cash flow

This year divi is $2.525 total that’s a 515% increase from last year dividends

I think this will go to 100 and have super dividends with the way gold price is going, I’m centamin holder, now have 850 shares here.

Do you think this has the potential to become a tier 1 asset? I see so much speculation and people comparing to GGP

You have big faith in this share! What’s your position if you don’t mind me asking and avg share cost?

1. UCITS Regulations and Investor Protection:

UCITS (Undertakings for Collective Investment in Transferable Securities) is a set of European Union-wide regulations for investment funds. It's often considered a gold standard for retail investor protection due to several key features:

Diversification Rules: UCITS funds are subject to strict diversification rules, often referred to as the "5/10/40" rule. This means a fund generally cannot invest more than 10% of its assets in a single security, and the sum of all investments exceeding 5% cannot exceed 40% of the fund's assets. This is designed to spread risk and prevent over-concentration.

Liquidity Requirements: UCITS funds must hold a certain percentage of their assets in liquid instruments to ensure they can meet redemption requests from investors in a timely manner.

Borrowing Limits: There are limits on the amount of leverage or borrowing a UCITS fund can take on, typically capping it at 10% of its net assets for liquidity purposes, not for investment.

Regulated Service Providers: UCITS funds must use highly regulated and independent service providers, including a depositary. The depositary's role is crucial as it acts as a watchdog, ensuring the fund's assets are properly held and segregated from the fund manager's own assets. This provides a strong layer of protection in case of fund manager insolvency.

Strict Liability for Depositaries: The UCITS framework holds the depositary to a strict liability standard for any loss of assets held in custody. This means they are liable for a loss unless it is due to an external, unforeseeable event.

2. The U.S. Counterpart (YMAG):

While U.S. ETFs are also regulated (by the SEC), the regulatory framework is different from UCITS. The key difference in this specific case lies in the "depositary" function and the strict liability rules that come with it. While U.S. ETFs also use custodians to hold assets, the UCITS depositary role has a more explicit and robust function in protecting fund assets.

3. Implications for YieldMax Funds:

The UCITS-compliant YMAP/YMAG must adhere to these stricter rules. This can influence the fund's strategy, such as limitations on the types of derivatives used or the degree of concentration in specific underlying assets.

The U.S. version (YMAG) operates under a different set of rules. While still regulated, it does not have the same explicit safeguards as the UCITS framework, particularly concerning the independent depositary with strict liability.

In conclusion, the claim that the UCITS-compliant YieldMax fund is "safer" is primarily due to the added layer of investor protection and asset segregation provided by the UCITS regulatory framework, especially the role of the independent depositary and the strict liability regime it operates under. This is a key differentiator that is designed to better protect the fund's assets and, by extension, its investors.

No I haven’t, but I think they are even more risky, st least with UCITS they have to follow better regulations.

UCITS is a set of safety standards aimed at protecting investors from unsafe investment channels.

Not sure I’m guessing with such a high yield it will eat away at the core price, I’ve taken 75 shares to start and will accumulate slowly to see as wanted to get into a few of the yield max funds, but this is only one available so far for me with ucits

We will be able to trade them soon on Barclays, they just have to sort the paperwork out, I got them to add Xyl, jepi UCITS and Jeqp. Just give them some time, I’m in no rush to sell anyway :)

Make that 3 directors now

I see 2 directors selling this and last month, wonder if they know something?

@ r_hnew/ I've been to Africa, several times, tho I haven’t been to Nigeria, I have been to Ghana which pretty close considering the size of Africa, a slave coast originally which I travelled most of going up lake Volta, the one thing I saw in my journeys is lots of them had phones even though they lacked many other needs.

This may be a blip as many countries suffering due to many variables in our current setting but if you read the link I provided which the information has been based on statistics: Nigeria is the biggest economy in Africa and one of the world’s fastest growing economies – predicted to be in the top 20 by GDP by 2035. It is also predicted by the UN to nearly double its population to over 370 million people by 2050

Kemi Badenoch to sign first-of-its-kind trade and investment partnership worth 7 billion

https://www.gov.uk/government/news/uk-signs-landmark-economic-partnership-with-nigeria

Yes it WILL DROP as miners have to sell to create funding to pay bills to continue mining such as gold, it doesn’t get made for free, also traders taking profits as it never goes up in a straight line. When it does boom it’s because of FOMO

You are correct fleccy and anyone else who interested checkout https://tronscan.org/ for the stats. It’s a deflationary coin. Do your own research but I favour this over any cryptocurrency and have been in the project since it’s launch.

I use to mine bitcoin and Had ant miners when’ they first arrived on the scene. The thing people don’t understand is when we reach a point for miners where only free energy/renewable makes it worth while, the cost reward is terrible and without the mega hashes of machines transactions won’t happen. Also once bitcoin hits its 21 million mark it will increase the total, they will fork the coin like has happened many times, very similar to real money it has value if you believe in it, but eventually the money printer comes along and makes more. There has to be some centralised system and tron has that combined with voting systems, we delegate the power to hosts who can maintain the system and rewards the voters who lock in their currency to create stability/security for the transactions, to prevent double spends ect.

Do your research but this is simple term for you people.

Yours truly

Riskass

Https://tronscan.org/