Member Info for silverknight

You're right. Should produce 40k+ oz this year with possible $300 per oz margin. Gold likely to remain strong with all the political tensions right now. I'm very happy to hold this one.

glanced at this 3 years ago and its ended up at the same price now. The smart money got out when it spiked over .3p. There's value here but will it ever be released?

glanced at this 3 years ago and its ended up at the same price now. The smart money got out when it spiked over .3p. There's value here but will it ever be released?

a recommendation for PAF recently. If you compare production / m/c this one looks much cheaper.

Hoping for production of c43000oz this year. No doubt its too much to expect a maiden divi. That would really kickstart the share price.

You have to balance the progress being made against the political risks. Shasha has undoubtedly saved this company from going under with the previous management but serious investors will ultimately be looking for a dividend. Repatriation of funds is a serious issue.

I tracked this for some time before buying. The company has delivered on it's promises going back 5 years. So many small goldies are not yet producing. This one is and the numbers keep improving at relatively low cost. It gets buy ratings from brokers and I think fair value is around 8p. Expect a good 2017.

Needs gold to re establish above $1300 to move forward. Still very profitable at these levels and I certainly wouldn't sell the shares at this price.

how quickly people jump in to take profits on good news. I can see this sliding back to .6p on lack of interest .Thats the time to get in. A good turnaround situation with people of substance controlling it.

I'm still in here. Amazing given the news coming out of Zim that there is any business being conducted at all.

We seem to have underperformed relative to other small goldminers. The X factors are obviously the gold price and currency movements. With production moving steadily ahead and current gold price above that achieved in first half the full year promises to be excellent. Very low interest rates should keep gold buoyant. I think we are also at a slight discount to NAV now. Price should be 8-9p.

Gold price should be underpinned by 1 Economic uncertainties 2 Low interest rates and 3 International terror threats. Based on production levels approaching 40000 oz this year at gross margin of $400 plus the business is valued at less than 4 years profits on a crude calculation.Just illustrates the value here.

to break out of this price range. If as seems likely, 37000 oz is achieved this year at a margin of 400 dollars an oz.....well you do the sums . Should take us down to a low single figures p/e.

I suspect this is just a pause with the gold price being so strong. Everything going for us here. A company with increasing production and low costs due to weak Brazilian currency. Also gold priced in dollars which is very strong v pound. Should hit 5p soon.

moving in its favour right now. 1. It's actually producing good quantities of gold. 2 Gold price strengthening. 3. Dollar strong v pound. 4. Low production costs in Brazil (weak currency). A cheap quality second tier stock that hasn't been noticed yet despite some good recent buying.

Looks to me like one of the best small golds on the market. The price of gold has been creeping up so this could have some mileage in it.

OK so you're saying .45 by 1st September? Well it could happen but if I were spreadbetting Iwould beon a sell at .45. We shall see.

You're brave if you do. Holders of several years standing (like myself) have lost over 99% of their investment. It's a gamble.

Are you kidding? Existing shareholders have been diluted to oblivion while former Bod helped themselves to massive unwarranted salaries. This deal seems like nothing more than a sticking plaster to buy the company more time. Existing assets are unproven and current price of oil would make it non viable in my view. Still money raised will cover more salaries for a while. Who wants to top up now??

Dead right. Existing shareholders are being diluted to extinction. I bought 5 years ago at 21p so that says it all. Might be worth a punt now if you are very patient!!