Member Info for rylidan

We will see just how oversold we are. Not saying this will get back over 60p this year, but next year very possible.

A significant increase in NAV. This only goes to show that banks have been oversold. Not saying we will get back past £1.80 this year, but next year very possible. Holding and waiting.

76% of IG retail clients lose money. Probably following advice like this! I find it astonishing that people can't see why the FTSE 100 will recover. Not fully maybe until next year. The large companies have all kept last year's profit as additional working capital. That is huge in itself.

Looks good from here.

It will be interesting to see the impact on construction. Working outside does not hold the same risk as in other locations, and social distancing is easier.

Gold over 123k rubles / oz. This will considerably improve profit.

New infection rate is falling. Watch China. They started the decline, and they will also lead the recovery IMO. Be careful not to sell at the bottom.

Been switching more of my funds into HGM. This situation is not going to be resolved quickly.

Typo 112.4k rubles

Gold up to $1,667 / oz or 113.4k rubles. Up over 3% today. The US have started to buy gold big time.

An issue with stats is a lot of people will probably get this but with mild symptoms, and it will go unreported. In reality the recovery rate is likely to be far higher.

I shall continue to hold, but fear we may fall further before we shoot up. Who knows when shares will bounce? The issue is that we are not producing yet, so we're going to get hit harder. This is a bargain here, it may soon be an incredible bargain.

Gold up to 110.7k rubles/oz. Up over 5% today.

More significantly gold up to 109.6k rubles /oz, or up over 4% today. The alarming spread of COVID-19 in South Korea, Italy and Iran, is driving this IMO.

Bought a small stake here a month or so ago. Normally I invest in producing miners, but in this case I'm happy to wait for my multibag, and any return. Certainly not willing to take the 20% I already have here!

You can get this when it goes into auction. Happens on big swings.

Gold over 106k rubles/oz, or $1,646/oz

Gold now up to 105.1k rubles /oz or $1633/oz

In H1 2019 operating profit was $57m, at a gold price of $1,308/oz, on production of 142k oz.
If we achieve an average of $1,608/oz in H1, 2020, that could roughly add $42m to the operating profit, an increase of over 75%.
Now extrapolate the share price during H1 2019, which was bounced around £1.60 to £1.65. An increase of 75% puts us in the range £2.80 to £2.90.
Now add in forecasts by pundits that we will go over $2,000/oz in the next 12 to 24 months, and a share price exceeding £4 during 2021 is quite possible.
Some assumptions have been made, and this is a very crude estimate. It hopefully demonstrates the potential though.
DYOR

Gold just topped 104k rubles/ oz