Member Info for Sotolo

steady as we go
shame about quarter two production being predicted down
but disc should fall further with oil (surprised it wasn't down more but pretty good
nothing about Africa
good of management to pay divi earlier
cash holding is great
shares should rise a little hopefully

Cheering to read you two wonderful men Tiger and Prof. Tiger were you a member of the Mafia or just a biznitzman? Prof, were you one? Viz tomorrow it is not so much the last quarter‘s output that interests me, tho the market fixates on 5000 more or less; I keep banging on that% change in aisc and gold price are about 3 times more important to profits than %output change. So I am veery keen to see how much the aisc has come down with oil, what they now predict for aisc and output for the year and where if anywhere West Africa is going. Will our new boss report the worst so his tenure looks better, hitting us? Luckily the share price is already pretty low?
And you two thanks for making me smile as needed to this eve x

Oh I have been so wicked
Just Bought some more
Even tho worried about tomorrow and why annual figures were postponed so often, plus boss leaving plus new boss usually likes to pile b,are on previous one so looks better
Someone please, stop me, I have far too many

A. If we can just get figures next tues out of the way
B. And if markets don’t take another tumble taking all with them to a greater or lesser extent

Gordon Brown did

"Prediction is very difficult, especially if it's about the future."--Nils Bohr, Nobel laureate in Physics
An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today. "--Evan Esa
I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place. "--Winston Churchill
Forecasting is the art of saying what will happen, and then explaining why it didn't! - (communicated by Balaji Rajagopalan)
The herd instinct among forecasters makes sheep look like independent thinkers. "
--Edgar R. Fiedler
It is often said there are two types of forecasts ... lucky or wrong!!!! "

Silver could go anywhere, even up to $100, as gold goes exponential and investors pile in or fall to $5, as central banks all sell gold to raise cash, and industrial use tumbles; take with a pinch of salt most that you read in the papers about year end gold and silver forecasts and where gold and silver are going, most are wrong so stick with your view helped by reading the varying opinions of those on these boards. imho
So thanks all for your views.

As regards a week today, when we get the very delayed annual ( most lately because of stock exchange request because of Covid) and first quarter figures, a suspicious mind could worry that they have been so delayed, and Jeremy Langford resigning, because Dasut’s worry is true and he robbed this first quarter to get good figures for last quarter of 2019. A more suspicious mind could worry that any new CEO, ie Martin Horgan, likes to clear the worst in figures on arrival so they can then show improvement. Being of an un suspicious bent I bought a few more today, as even if production is down by 5% on prediction, the falling oil price would outweigh this, and rising gold would give us a profit £140million and a PE of 12

Already did but Hoc shareholders now looking beyond that.

....Peru quarantine was extended by an initial two weeks, Currently till 12th Apr. Argentina, home of their other mine, San Jose, has extended to the same date. So zero production; we have already lost 10% of annual production, other things being equal, and probably our annual profits unless we can start producing again fast, and gold and silver soar to make up for lost production imho. Presume divi definitely cancelled if quarantine extended further, and maybe anyway, as need cash, especially to find new sources with ours running out.

The quarantine was extended

Would be great if they were mining any. Here’s hoping

Remember 50% goes to Emra +royalty, leaving about £115k on your figures. Capitalisation is £1434k. So to pay 8% divi would be every penny they earn, on your figures. However similar to this year looks likely unless gold soars or tumbles, or our new boss decides to spend our divis on aggrandising exploration and purchases, I hope not for our divi is great and could be rare.

Thanks as ever Tibbs, this board, with our varying views, are an important part of many of our lives. It is always sad when we lose people, like Uncertain etc, and lovely when they reappear. Tibbs you are to be congratulated on such a respectful useful and tolerant board where most of us try to learn from each other’s views, it is most useful hearing factual info from the likes of Siko but also different thoughts about which way the market will go and why

Always look forward to you all with my breakfast to after dinner, thanks! Soto lo

Ps new boss looks great but let’s hope he doesn’t spend all our dividends on speculative expansion projects

AIDS killed tens of thousands in the UK over 40 years. Covid is en route to killing far more in a few months.
AIDS was ghastly, but preventable by not having sex with an infected person or sharing a needle, there was a huge and effective campaign including the coffins. Adhering to these anyone could go anywhere or even hug the infected as the wonderful Princess Di did
Covid is preventable by not going near an infected individual or to a lesser extent touching hard surfaces that they have touched. It is a highly infectious disease that is unavoidable except by the population staying at home.
AIDS did not overwhelm the nhs as cases were few in comparison of the whole population
Covid already is and there will be far more deaths without action to flatten the curve.

Looks like Martin Horgan has been great at building Toro, and getting value
https://www.proactiveinvestors.co.uk/companies/news/224783/toro-golds-us305mln-acquisition-by-resolute-shows-that-you-dont-have-to-be-listed-to-make-a-buck-224783.html

You would think shutting mines would reduce supply so increase prices but conversely shutting other factories, and jewellers, reduces demand and with silver considerably,

This was on Kitco before the market closed today and I was surprised Fres did not react more, Hoc dropped 10% on similar news

isolated Bob, I sell in the afternoon before every divide ed day and buy back the next morning, to pay cgt on the divi; almost every time the price falls by considerably less than the divi, maybe in anticipation of reinvestire, so think I am going to give up

gnome thanks for this, and tornado t, the Radio 4 Moral Maze nearly a month ago concluded much the same. However with normal flu or tuberculosis you can go to hospital if you need, the government’s concern is not so much the disease as the hospital system not being able to cope, so flattening the curve. However just as when looking at blood pressure pills we count the reduction in heart attacks and strokes, but nor the increase in falls that they cause which is hugely damaging to the elderly, here we count the lives saved from Covid by government action, rather than subtracting lives lost from corollateral damage from the ill without Covid to those hit by economic collapse, including pension payments to the old.. Incidentally the normal worldwide rate of death is around 140,000 every day. However it is also wonderful how we care so much for the old and needy. Why this matters on the Cey board, because all this new money printing and negative real interest rates should lead to gold rise, and so far with the resulting falling oil and rising gold Cey profits should be up unlike so many companies, so good value here unless gold tumbles.

Just so Tibbs, and thanks very much for the piece by Kees. However the book I am reading on Contagion, says epidemiologists have a saying: “once you’ve seen one pandemic....you’ve seen one pandemic”. Ie all are different. So yes last time, in the banking pandemic that the book also refers to, miners did much worse than gold, but this time their costs are tumbling with oil now below $20, and if gold rises profits should soar...