Member Info for rylidan

Gold still climbing

Seems a lot of varied opinion here. Extremes from both sides. I guess the ultimate driver of the share price will be the price of gold. That looks very bullish for quite some time into the future. When we get into production this should be a money making machine. Until then sentiment will play a role in the ups and downs. Must say to me this looks incredible value here so have tucked a few away....

A number of broker notes have gone very bullish on gold miners last weekend. We have been manipulated down in low volumes, so the value here is now considerable IMO.

Well gold has broken through 130k rubles. Not bad as last year it stood at 92k rubles. Cost mainly in rubles.

From the action today, I'd say the funding is sorted. LOL.

I'd be very happy if this doesn't shoot up before the H1 results. I'm slowly moving more of my funds across to here. However, I totally agree this is way undervalued given gold at 128k rubles or 1800USD

Could be ready to break out to 230p+?

No, it is on forecast. Lower grades were forecast last year for the first 6 months. The company are forecasting full year production to be the same. As the gold price is increasing, and likely to continue an upward trend with covid issues worldwide, then more production in the second half is a benefit.
Gold price increase is at least double any dip in production, so the net effect should be at least a 10% increase in revenue or 20% increase in profit for H1. We will see when the results are in.

Of around 40p last year. This year must be over 50p, may be 60p+. Gold up over $300 an Oz. I'll be adding slowly over the next 6 weeks before H1 results and dividend announced. You can never predict when this share will surge, but it's my most consistent performer.

Just doubled my holding here. Looks one way from here.

This belongs in the 65p to 80p range right now. The next report should see a decent correction.

$1,800 hit.

I am 60% loaded to what I would consider my max on one share.

Not sure what the point of this speculation is. RSA has COVID issues. We all know that. More likely Pls hitting stops, but really who cares? I've taken the opportunity to start topping up, so I'm happy cos I'm convinced this will bounce back strongly at some point. DYOR

I see it was mates rates for an hour! All O trades.

Haven't been able to buy for the past hour, yet they will take my shares at 15.12p. How does that work? Looks fixed to me.

Q2 closes today. From yesterday's RNS we know production and sales have not been impacted. By my reckoning average sale price will be around $1,710 to $1,720 in the quarter. Update mid July should be excellent.

Impressive company response. Very few British based companies have taken similar measures.

Nice to see IO8 back up. That was my greatest concern, but oil seems to have recovered enough. Also no feed impact to other plants.
The funding is a minor concern, but considering we are now profitable again it should not be an issue.

I continue to top up in small lots. By my reckoning mid July will confirm an average sale price of $1700+ for Q2, and over $1,650 for H1. Thats roughly an extra $50m EBITDA over H1 2019. IMO this is a bargain. DYOR