Member Info for Sotolo

Chance would be a fine thing

In my most humble opinion we are being asked to throw good money after bad with little hope of making money from Karo, it seems the only point is to move money from us Tharisa shareholders, and I would like to think that a decent company would call time, even if in the interest of some I do not believe it is in the interest of me as a small shareholder of Tharisa so Tharisa please stop transferring our money into a hole, all entirely in my uniformed opinion as unlike other boards in my experience Tharisa can get very cross with their shareholders expressing opinions and worries or arguments about the truth and can be a bit scary at least to me. So as said please any reader do not rely on my uninformed opinions as I am only a shareholder, and maybe I have read it all wrong and Karo is actually the most amazing and profitable home for our money rather than big juicy dividends

UK reporting miners doing far worse, Hochschild with its large hedges way over $1000 below current gold price actually managed to decrease its cash by quite an amount annd the shares tumbled, and Fres not great.

onedb as said really appreciate your and others price bought and sold and when. if some silly people don’t like it they can just ignore; shame we live in a less civil trusting and tolerant world and sometimes people on these boards are like the worst at school. i for one hugely appreciate your posts and fellow posters as long as they are respectful and don’t **** off others here. as usual i think you have got it right, well done, i am not trading but just holding on as, as with the results before last, it will rise again and provides a good buying time, but i used all my fire power a while ago. also this time i have managed to get a much lower average and so don’t want to keep chasing it up as i usually do.

Onedb thanks for posting your sale and very well done. As so often with Hoc these are somewhat disappointing results with lower oz and combined with gold tumble should give us a thwack today and you may find a good buy back point later this week or next. I quite agree with your analysis that both gold and Hoc much need a pullback and consolidation, hopefully that is what this is and will then go higher. I am inclined th think/wish so

PS Pipedreamer further to what you are saying the market usually does the opposite to what every one is saying, especially analysts and pundits so scary when Goldman etc talking of much higher gold now; the question is whether everyone is yet saying the only way is up, ie euphoria. I usually find one good indicator is when other posters start heavily criticising any posts with reasons for a fall that we are near a top, and I have noticed this week that is beginning again (over in advfn)…

Pipedreamer, great post, I too have been at this for decades, assume this is a big one and gold will overshoot quite a bit like you, but how will we know when that is, for instance I assume that this is the healthy and necessary correction I have been hoping for but how do we tell this isn’t the top - because the euphoria isn’t enough yet? Do we have one more big go after this correction or more or none? When to start selling?

I hope this week it is made of most delicious chocolate

Yes it is Paul, in the thinly traded Easter Monday the dollar has tumbled further pushing gold up more, seems the correction isn’t quite here yet which is getting a bit worrying as this market needs to consolidate imho if not just a bubble. Anyway if this new high hold till tomorrow afternoon Anglo should be a bit higher!

Pipedreamer, Anglo hit an amazing 240p in centimetre terms and I expect a reasonable pullback/consolidation which it badly needs, before hopefully onwards and upwards. I am a holder so do not trade these corrections where timing is all . I don’t feel that this is the top in gold and time to get out yet as haven’t hit peak gold euphoria that would signal it, but we shall see but as said too far too fast and a decent correction is needed imho for it to continue up. The possibility of statical rising interest rates made the story that lead this

Pipedreamer, Anglo hit an amazing 240p in Centamin this week, it like gold has gone far fast so I expect and hope for a reasonable pull back and consolidation now which it badly needs, but I am a long term holder so dontbsell the pullbacks where timing is all, before hopefully onward and upward unless gold has hit a top, however I don’t feel the euphoria yet that would signal that. We shall see

I have 90k worth of£30k but cost me virtually that as they were given as a divi, worth £80k, on which I had to pay over 30% dividend tax.

Aclara is looking interesting as a rare, rare earth miner (to be) outside China. Hochschild retained a sizeable holding after they split it off and we of course mostly hold some after that miserable split - I also bought more when it collapsed and thinking of doing so again- I had rather discounted them and just parked them for the large capital loss.

Gnome do you already have the Mediterranean yacht or are you buying it with these almost embarrassing riches we are getting or hopefully getting more of if, unhopefully, the world falls further apart. Can I come for a ride in it, maybe a few others here, Aalways good to see you although miss Tibbs, Market, Dasult, Dansul , etc tho good to see Prof. visiting? Please all keep posting and sharing. About to check out Endeavour ( I sold 200k of my Cey to realise some gains after takeover, and bought Endeavour Fres and Pass tho still have many more Anglo than them particularly as bought more back) as I see Steve Jones often posts there

Only if you are a taxpayer, the 15% already paid comes off your UK dividend tax. That is why you still pay the 15% in an ISA as no dividend tax for it to come off

Yes Paul it is an annoyance that the USA doesn’t recognise ISA’s, unle pensions,,so you pay dividend tax of 30% in them, halved by the WEN form. Outside the ISA IN A TRADING ACCOUNT that 15% is taken from your UK dividend tax so if a basic tax payer you are still paying near 50% more on your divis ie 15% rather than 8.75%. However Anglo has a decent divi rate now so seems worth it. Hochschild that I also have a lot of is tax free in ISA and 8.75% in trading account. Yes my flip flops have become rather embarrassingly shiny just now. The enormous question is when to start selling some, as I have been caught out by carrying on holding so often before. Anyone else here including gold gnome are we near a top, obviously there will be a pull back butwill that just be temporary and if this is a bubble in gold is it just beginning in which case would be a huge shame to miss out. I am very much better at timing my buys and catching the bottom than sells when I’m always too greedy.

Wben8 also v important to fill in if you have Anglo in the ISA, as then pay only the 15% holding tax not 30% without one. I too miss the old Cey holders here, we touched 240p in Cey terms yesterday, real golden flip flop time if or when one turns it into money before the inevitable pull back, however the top may be near…..or far in this mad world. I looked up Tibns yesterday to see where he else he posts…nowhere

Wally me too, in Centamin terms now 238p so double 6 months ago and an all time high, real golden flip flop time but when to take some money off the table?

How hard will it be to break through 300 and how many goes?

Mike, your prediction was pretty good: prices much as you said, PGM and chrome mined both a fair bit lower due mainly to weather, now improved, but cash actually higher? What do you think of this and more important going forward if we enter a recession particularly for vehicles (PGM) and for the Chinese who use most chrome?