RE: calibre15 Apr 2020 19:23
Tester.the sp is fairly stable on no news really at present bit of a down day but still mid twenties .annoying when gold and goldies are rising but we need some news.I let a few more go early doors to trade elsewhere as I see profits to be made and maybe return to buy with free cash perhaps or lose the lot lol.
Shg has a mcap under £100 m , produces circa 80 k oz pa and has barrick now as a shareholder having bought about 1.4 m high grade ounces for circa $14 per oz I believe from them . I hold there and use as a comparison to cnr . Therefore until successful production I just cannot see £1 and above as a serious likelyhood personally. It also worries me that cnr may miss the bull run ,although I would imagine once over ,the new base level should be higher than the last one .
I think $2000 oz is coming this year and who knows next year .gold will be the place to be .I imagine there will be some pull backs along the way and opportunities to trade . Theres just too many big risers presently to just sit here waiting for news about a mine in two years time when you can be making cash. Gla