Member Info for rylidan

Maybe, but you always need some people to take profit in order to move up. The MM just recycle at a higher price.

It's about time we moved up past our all time High. The company is achieving record revenue, and making record profits.

This was obviously better than the market was expecting. A bit of the good news was already expected. So the news was definitely excellent.

Getting a 5p dividend to start 2020 is very nice. With the POG still over 10% up on last year's average, I expect the next two dividends to increase. At these prices a yield this year of over 8% is quite possible. It only needs 9p from the full year and first interim dividend. May be more.

Dividend payed at end of this week. Quite a bit will get reinvested if we stay this low IMO

Get the year end production figures next week, plus the average POG achieved for the full year. Already selling 10% above that average as it should be around $1,400 per oz.
I reckon an uplift in full year dividend likely.

Sadly this is unlikely to be a short conflict. Let's hope a diplomatic solution can be found.

Looks to be an incredible bargain. At this share price / gold price expecting a further uplift in profits during 2020. That's an uplift on a possible $100m+ profit after tax this year. I see dividends increasing this year.

Looks like Iran are promising a military response, but not immediately. That will keep gold ticking up IMO.

Not sure if threatening more strikes is the best policy. We will see how gold reacts to that tonight.

Don't forget that you can also expect 6% to 8% yield this year, depending on when you buy in. DYOR please.

Expecting EPS for 2019 to be around 20p. Average gold price for 2019 around $1390. We are already undervalued on simply 2019 numbers.
Then factor in an average gold price of $1,550 for 2020, which may be quite conservative. That would give an extra 7p ish on the EPS, or around an extra 90p on the share price at a PE of 13.
£3 A share looks quite likely sometime in 2020 IMO. Please DYOR and work out your own figures.

Happy New Year

The months ahead hold:
1. Mid Jan 5p interim dividend
2. Mid Jan Q4 results including average gold price achieved
3. Mid April audited results
4. Mid may year end dividend. Interested to see what we get this year. Should be good.

Gold through $1550

If you look at the increasing price of gold, it gives a strong indicator that the final year dividend will increase, perhaps to 5p+. At 5p if would mean a 6% yield at a share price of £2.50.
Factor in the forward prospects for this year and beyond, and you start to get a trading range in the region of £2.50 to £3.50 for this year.
Could easily go higher if gold makes a significant move up beyond $1800 / oz.

Gold continuing to edge up nicely. Only a matter of time before this jumps up again

Looks like it's trying to move up to a new level. Moving up quickly every time it jumps.

Quite Herbi. Looking forward to the Q4 update mid Jan. It should show that the average gold price was 12% to 14% up in the second half of the year, with higher production. H1 results were excellent, so a price in the range £2.40 to £2.60 seems like fair value.
If you then factor in where you think gold may go by the end of 2020, and you can see this share going far higher than where we are. Could be quite a quick correction.

A high volume for a normally quiet day. Perhaps we're about to be tipped in the papers for 2020?

When this share started to move up last June, we moved quickly from £1.60 to £2.10 on just a move in the gold price to around $1,400 /oz. Then onto £2.30 when gold hit $1,500 /oz and peaked around £2.55 at $1,550 /oz.