Member Info for ShaunBTM

@Punter,
I agree with you, we have the wind behind the share price with the good news (you would hope) lined up infront of us.

@Guvvi - My apologies I got you confused with Anon, who is now at a token profit :)

@Guvvi
How does that sweet sweet profit feel your end :P

I thought it was a pretty good interview and if he is right I will have to retract my comments concerning not giving him water on a desert ha

I am very optimistic about the share price in the short run. It feels like the powers to be are willing to let this drift up.

@Guvvi.
We can agree to disagree. I am not saying I am right and you are wrong but thats what I believe personally will happen. I base this off what happened during the pandemic, I bought this at just over 40p, it got to 40p because the mining sector got hot. I don't personally think the board can hit targets but I do believe they are in the right place at the right time.

We don't have to agree on the journey but Im sure we can both agree on the destination we want to be at when we get off the ride :)

Also,

I don't think this investment is about trusting the board personally - I wouldnt give Mr betts my last bottle of water if he was in a dessert and I was flying overhead to safety thats how little I think of him. BUT, I trust the world economy is screwed, I trust that by virtue of the problems we are facing on a global scale that gold will get pushed up and I trust that if I am proved right the heard mentality will push all gold miners up to obscene prices.

Its a tough one, Personally if it got to 24p I would walk away with 100k in my ISA or 6 to 7% in tax-free yield every year. It does depend on how it moves up - if it does indeed move up.

I personally think it can get to 30 or 40p, but it needs a few catalysts. None of them I believe to be down to the BOD, we need a shock to the US system such as a sharp recession which will force the market into safe assets pushing the price of gold up - we then need the media to shine on the gold part of the equities market. We also need some solid quarters in terms of output as the marginal income should be a cash cow. Combine all 3 of these and I think this stock will fly. In fact combine the price of gold and the media and most gold miners will fly regardless of quality

You could ask why I would sell for less if I believe that, Im in my early 30s - If I could walk away with 100k and invest via my ISA, added to my other Assets as a sole trader and a limited company, by the time I have unwound my position Im pretty much retired by the amount of passive income I have coming in :) Ill probably go travelling and enjoy the dying embers of my youth haha

TBH, under the board of directors you should expect them to put themselves first, they come from money and being aligned with shareholders to be frank is not on their agenda. @ Playboy, I dont think it is possible to remove them myself but I certainly think this will multibag from current prices even with them being leaches. I am under no illusion though, if this hits the pricepoint I am after I am selling the lot regardless of the prospects on the table.

@Bushy - Ive been told to take a month out for burnout grrr. The business has been flying - Success is clearly a double edged sword.

I don't often post on here but Ive been feeling super positive since the last quarterly - was slightly miffed at the share allocation to Mr Betts but I'm confident this will get back to higher levels. How high I don't know - would love to see 40p but we shall see.

@Sushi
TBH I was looking at it thinking what am I missing here haha

It shouldn't matter who is running the business - if the media makes gold the new thing every gold company will become hot.

@Bushy - Doesnt always work that way sadly, from experience when the prices go up like this the margins go down, the best markets to trade believe it or not are flat markets as you get consistent trade. Up markets I have to compete with every man and their dog as people want to cash in making its a buyers market, down markets turn into a sellers market if you can constantly source but usually you get stuck on stuck so have to use a rolling average

@Anon - I feel your pain, I feel we have been on this journey together. I just check my first purchase - I paid 41.9p!!! Almost had a stroke looking at it.

*when and not if that should read.

@Bushy

I was having a chat with a client of mine who is a small hedge fund manager (a bad one at that...his words not mine ha). He is very bullish himself, I sent him a message on if he believes we will hit $2100 and he reckons its a matter of if and not when and depends on when the US officially goes into recession.

* Make of that what you will, he is more a numismatic player than someone who buys bullion.

Hey Bushy, I am a metals trader ha.

it does work alot different for me though I don't use contracts etc, I simply make a spread on the individual merits of the coin/bar. Probably why I was so fixated on the spot price thinking it directly translates when it clearly doesnt.

Its nice to see a sustained rise, hopefully with a stable gold price above 2000 dollars it might give us legs to run through the teens.

I see now. I just use the live price which I guess is meaningless as the company will use a fix of some sort.

Where are you getting 2040 out of interest? Its 2026 on the feed Im using

We will get there, heavily underwater myself. Started buying and 40p and have averaged down to 12.2p.

I think this is only the beginning of the gold price personally - Too many issues that need confronting globally. Governments are trapped they need to raise interest rates to curb inflation but risk crippling their economies through defaults, I believe there will be more QE I don't see how they can't.

*I am not saying anything about timeframes things take a long time to unravel its rarely an impact collision but more the straw that broke the camels back.

I can see this gapping up until 10p.

As a gold dealer, I think the price is here to stay. The key question is can Betts take advantage of the strength - if they can expect fireworks.