Member Info for Sotolo

Rebess., I would concur. We don’t have to agree with each other. In fact it is positively helpful to read views from all sides some of which we will disagree with, but focus the mind. We live in a sad period when many only want to read or hear views like their own. So please all keep posting, including Siko, but do try to keep it civil, this is not the school yard that many would like to return to, though certainly not me. So thanks all, have a great weekend, and let’s hope we head north next week.

Gold hits all time high today and Cey is 83p (both in sterling that counts for us). Hoc is leggin it back above us as suggested it would when bought more on Inmaculada permit news, should soon exceed £1

Rh has already risen further today on JMAT as has iridium making the basket over $1500 on their figures for first time in a while

On JM figures basket is back near $1500 which is much better for Tharisa mine, however Karo being rh lighter, is still under $1300 tho improving

Siko your thoughtful and gentle contributions are much appreciated by many here, as is your knowledge of Egypt, but above all I appreciate your courtesy, it would be wonderful if all here could be as courteous but we live in an age of polarisation and anger. Thank you, you are wise not to get drawn in, albeit I do hope you continue posting about the feeling in Egypt, also as servicing debt becomes harder and its economic and political ramifications.

Well jmat rh is now up over 20% this week at $4900 so basket back over $1400 if they are right..

Chromium ticked up again today on Investor.com now up 5% this week, I know not the same as what we sell ours for but usually ultimately go up in tandem and had been stuck a while like rh albeit at much higher prices. I pay for my new ev today. Wltp range 460 miles, wow, except wpa range which is more realistic is 360 and going at 80 on autobahn in winter probably nearer 240 and then should charge between 20 and 80% or degrade battery so only 60% useable, so 140 miles, so a lot of people re going to hear this from friends and neighbours and need hybrids for journeys if like me hate idea of queuing in a service station every 150miles and then waiting another half hour while charges (and degrades battery by speed charge). I hate service station junk food. So maybe hybrid demand will keep up?

AISC $922 and over 500k from next year, what is not to like

Jmat seems to presage cif china, their rh price is up again this morning, phew will it last?

Chromium also up 3.5% yesterday and today after being stuck a while on investing.com. I bought a few more today.

Rhodium finally moves after nearly three months stuck at $4100 on Jmat, to $4250

Rylidan. I have over 500,000 THS shares, why it so interests me, and not surprising I am worried. I never understand why anyone questioning where and why a share is going, and seeking opinions and numbers, is assumed to bother without any skin in the game. I hugely value Mike, Moneyman etc views, please just read my posts if they annoy you and you don’t want to but please keep this historically very civil board courteous. Thanks

Mike, the PGM basket is still falling, I now make it $1330 for Tharisa mine and $1230 for Karo. Luckily chromium is still holding up. However if this PGM fall continues and we get down nearer $1000 will chromium profits at current $300 price (a big IF) be enough to make up for PGM losses? Also, although we are a completely different company, SLP is also a PGM miner and seems to me far more reliant on PGM price, yet holds up better? It is cash positive and has an AISC probably now around $1000 v a basket around $1350. In as far as you are able can you guess an AISC for Tharisa chromium and PGM's with chromium and pgm's at current prices and what will Karo's be?

Drew, it is not inflation but almost the opposite, interest rates being so far above inflation (ie 10 yr Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity, Quoted on an Investment Basis, Inflation-Indexed. Percent, Not Seasonally Adjusted.). Basically you can make a good real return on bonds which makes the opportunity cost of holding gold high. Conversely if inflation was high and rates fell gold should soar, but no time soo

Yes Steve it is pretty dire, taking off over 20% inflation of last 3 years gold is $1450 in 2020 money. three years ago the gold price was $1950. so a massive $500 fall, amazing Cey has held up so well. a lot of miners are going to begin having trouble soon with this fall in the face of such high real interest rates which only seem to rise bringing gold down further. the only positive is falling sterling means the fall in our share price is slightly less bad.

Yes indeed Steve, and more the 10 year Tip real interest rate is now 2.2% a rate not seen since rates shot temporarily higher in 2008. Interesting thing is gold then soared 250% to 2011 as interest rates fell. We are not there yet, as you say, but when….. it is this that will have a far bigger effect on Centamin than mining a few more ounces or slightly lower Aisc

Tony you are half right, however the costs in sterling have risen over the same time, particularly oil

Mike, how do you think they will be, of course considerably better than going forward, as we say TGI chromium, for how much would be losing without it, I remain amazed SLP share price has gone higher than ours

Shame divi has plunged

17/18 13c

18/19 14c

19/29 8c

20/21 10c

21/22 8c

22/23 8c

23/24 2.5 c interim (first of two) Average over 10c. Even last couple of years have been 8c @around 20% down. This year likely under half historic and 40% down in a year around 5c. No wonder share price has more than halved to give same yield

Ps figures from dividend max

Gold moves inversely to real interest rates. So inflation raises gold unless interest rise faster which is just what has been happening. Bonds (measured by 10 year TIPS) are now yielding over a real 2%, the highest since the 2009 burst and historically very high. Inflation adjusted gold is near the low of 1970, back where it was at the start of the century and half what it was in 2012. Look at the real prices not nominal