Gold solidly through $1500 / oz. When we went up through $1500 in August the share price was around £2.25 and rose to £2.55 quickly. Looks undervalued. Looking forward to Q4 update in Jan.
Price of gold on the up again. Looking good for the start of 2020. Received divis of 12.4p in 2019, and 5p already in the bag to start 2020. Bought a few more last Friday as a little Xmas present to myself.
The 1.7m trade is suspiciously around the amount millennium would have had left to close their short. They went under the radar a month or so ago when they went under .5%, but it's my belief they are responsible for the share price manipulation. Hopefully we can now get back to normal trading, and back to where we should be.
The first half results were excellent at an average gold price of $1307. The second half should be even better with an average gold price of over $1470. Final year dividend likely to be well up too.
Looks like the BoD have moved to a 3 dividends per year policy. Would be really good to align dividends to quarterly production, with the final one being the highest. Maybe next year?
Great news, they have approved the 5p interim dividend. Reckon the final dividend in April next year should go up, as profits are booming. So IMO yielding around 7% to 8% at this share price.
Gold continues to stay high and should make a push towards $1600 in the next 3 months. Plenty of global issues right now.
However, it's the full year results that I'm waiting for. H1 was a great set of numbers, but H2 with the gold price increase will be icing on the cake.