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Hi Jammin - the gold hedge is a collar so we get the value of gold up to $2130 per oz and it can’t go under $2000 so gold at $2070 is fine. It gives surety and there is no loss unless gold goes much higher and even then it is only for 60000oz and for part of the year (if we get the gold out the ground!!)
Agree that now the detail is out the POG hedging is good. However this also demonstrates how little trust people have in DB actions and how poor his comms are and how he needs to provide greater clarity in his statements. This is what I expect from a competent CEO.
Agree - it seems we will come in around 83000 ounces for Yanfolia but are assuming we will only get 2000oz this month from Kouroussa (nowhere near the 10000 oz expected every month). However the fact that the NED is putting $1m of his own money into the share scheme seems a positive also at a higher rate than the market which does bode well for the future.
Being realistic little has changed except more good news! I think the shorts will try to exit orderly but it will be impossible so it will instantly go into auction and open 100% up (yes 100% in my view) as the drop has been proved to have been based on a fantasy and with the new order as well this alone would be expected to raise at least 20% (but not from this base). Hence I expect 40p open and then shorts closing to bring it up to around 60p by close. I do not even think this is far-fetched in the slightest as the news and the conference have demonstrated a very positive future with billions already int he bag and billions more expected over the next few months- GLASH
Helicon and their shorts lately have not been very good - Victoria plc they increased their short in and the sp has greatly increased from that time and they did the same with ITM - not exactly the most successful shorter out there
And a lot have just bought recently (I am back to breakeven myself) - but still going to hold!! $6bn pipeline and a company that has existed for a few decades and is transitioning to green must be worth more :)
Yes - but only 2 funds are increasing recently (Helikon and Astaris) - the other 5 have not increased since the 8th Dec so the increase are only being led by these two- the other 5 are not joining in and have a much smaller short. So either 2 out of 7 are correct or the other 5 are!
Only HUM can go down with gold approaching $2050!! Good to know when we will reach commercial production at Kouroussa as clearly stated on numerous occasions it will be H2 2023 and thee are only a few days left. This must be a RNS so hopefully will drop any day!
Talking rubbish - hold will only go one way irrespective with elections coming as interest rates will go down and figures will be manipulated. Interest rates down and high employment should be good for all including mcg - it is not rocket science. Price as we get nearer elections will improve - simples
It is the highest price paid by the buyer (which is the price in the RNS) but also why would they invest even at this price if they did not see considerable upside to the SP with limited risks. Banks can make money just by lending without buying the stock but this is the choice they made and at a premium to the current price - gives me some confidence but this dilution just means that we have lost more trust in Dan and also the upside is more limited. Personally I have a 12.2p average so not massively underwater but did expect this to hit around 20p once new mine was on board. Now would be happy with 15p.