The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://www.mining.com/web/gold-price-goes-from-commodity-leader-to-laggard-in-shocking-reversal/
A sea of blue for the last 2 weeks
Not long until we break 20p
Gold down again the spiral continues
Sure sign this is going to go up
Nevada easing restrictions from 25% to 50% capacity
A further review on the 15th of March when they will look to ease them again
Boris to deliver his announcement Monday
All excellent news for immo and a sure sign the business will be back in full throttle with the benefit of added attractions.
Letsexplore being launched this month in the USA.
Expecting some very positive news flow from the company over the next few weeks.
Only 2 days left until Big Boris deliver's his speech and Immo's big bounce on the back of it.
Gold dropping an average $100 a month
$200 down over the last months.
Bigger drops to come as the world gets back to normal.imo
Agree with you Rolly easy 70-100% play over the next 3 to 4 months.
Will be adding more before Boris delivers his update as its sure to trigger interest and kickstart a price rise.
https://www.kitco.com/news/2021-02-17/Gold-price-slumps-to-2-5-mo-low-amid-scant-risk-aversion.html
Be hope's this lot can sort this funding mess soon
Gold will continue it's decline and the by the time BMV sort the funding to go it alone, then sort more funding to finance to project.
The boat will be well and truly missed the mines closed in the 70s when running costs would have been next to zero and the average south Koreans worked for $50 a week compared to the $840 per week demanded in this modern day era with high wages and exuberant lifestyles.
Production was meant to start late 2019 it is now 2021 and not a single Oz has been recovered.
In 10months time gold will be 25-30% lower and BMV will still be trying to raise money to fund what will be a less attractive proposition than it was 3months ago. Imo
Great Summary
22p end February
60p before year end
Currently profit more than enough to pay a 4p dividend and will only get better.
As profit increases at the current shareprice this could be yielding 20%pa for anyone buying now and holding for a year or two when 4p and 5p dividends will be expected.
Was down 9% yesterday when the big after hours sale went through.
Big sales going through after hours again.
Someone offloading a decent chunk.
Thanks mm but my original question still hasn't been answered.
How much of his own money has AB actually put into the company not including shares awarded .
The mines where supposed to be up and running late 2019 and now SAU want out doesn't weigh up.
If the assets are so good SAU wouldn't be prepared to offload.
Oh thanks MM good to hear SAU are doing that well they can afford to pass on such a golden money making opportunity.
The problem here is two fold
There isn't a chance of generating a dime in revenue until they have the money to buy out SAU and then fund the mining being kick started again two almighty hurdles that need to be overcome, it's not going to be as easy as some on here are making out. SAU obviously don't think the so called asset is worth any form of further investment and are looking to offload ASAP.
One of the few success stories of the last 12months
Splendid performance from the company.
Old Winni aka the pied piper
Silently takes a position then repeatedly plays the same kind of tune while offloading.
As soon as he start bulking a share you should know you've missed the boat and are way to late.
TW loves his Sheep bunion keep up the fan club lol
Well if Tom W has said it must be gospel. Lol
Good money after bad imo