Member Info for Sotolo

Dark Knight, I worry about the next trading update with only about 200k oz exposed to higher prices. Next year should be fab as long as MR recovers, gold stays up and the company doesn’t have further ‘accidents’

As said I added on Friday’s fall and am hoping this will exceed its all time high in the foreseeable future if PGM’s and Platinum continue as they are and especially if good news on Karo that is now Viable.. I just appreciate all views, and miss Tiger here who sold out below here

Max, unlike so many this is an intelligent and often very well informed board giving just what is needed - different opinions. Questor today in The Telegraph quotes George Soros as shin the downside arguments for a Share you hold are far more important than the upside. So I very much appreciate Hx those sorts of posts as well as those looking for reasons for the upside. As for holding the shares and having regained the profits, I had certainly thrown enough money at ths quite a way above the current price, despite the happy recent rise, and have more than half 1 million with an average price 35% above here as didn’t want to throw even more at it other than very small amounts including one on Friday. I was in the same position with Hochschild, Aclara and Orosur, but with rises of 5 fold and more each is now back very well in profit. I of course hope the same for Tharisa, so just because somebody like Hx can see the down side argument doesn’t mean they’re not a holder but an intelligent investor like you

Viable, you may have been looking forward to the presentation but it seems the Market wasn’t very keen on all that Capex that will deliver results after many of us are dead. Anyway, much greater volume than usual and a lot of selling, hopefully people who took positions and just short term as PGM’s rise if they continue to do so.

Who would have dreamt now £3.75 in Centamin money or around £4 if you had reinvested the cash in Anglo or other PM miners. Very golden flip flops

Karo basket up to $1900 now. I wonder what its current aisc would be given inflation, presumably lower that this?

Yes indeed multiplier £4 especially as MR recovers cost fall back from their astronomical levels and hedges go - just worth remembering the collar/hedge amounts, this year’s gold collar is on 60k ounces limiting max price we end up with to $2485 on these 60k ounces so near $1300 dollars below current price.

Then this year we also have a further hedge of 50k oz at $2117, so around $1650 below current spot and incidentally probably below Mara Rosa’s aisc

Next year as far as I know no collar but there is another 50k oz hedged at $2167 so $1600 below spot or spread across our output we get about $300 dollars less than the spot price at current POG, obviously missing out on more as gold rises

And 2027 50k oz hedged at $2206

However the great thing is from next year over 80% of what we mine is exposed to the higher pricing and of course if gold stays up in 2028 we get all the profit. I do hope we make an all time high but near a couple of pounds to go. I am hanging in.

Multiplier if only, but a third of that is hedged so sells at around $1500 below current gold price plus costs are through the roof with Mara Rosa, so that third is pretty much making no money at all, but next year….

Paul, I made a small one, I will make a bigger one when I sell any which will be a difficult decision, the price is now 360 in Centamin money but I think still has further to go, what about you?

Ah thought too good to be true, rh $9070?

Gosh that really is good, a long time since we have seen such prices, our share price should be due another burst up through£1 especially if there is some good Karo news now it is viable, and almost looks prescient

Price now £3.75 in Centamin terms so over 3 fold rise on Cey price immediately before the offer. Anglo has risen much faster than rivals, I think thanks to Centamin which now has great management exploiting the superb resource. Real golden flip flop time for those who of us who hung in here, but big question is when this becomes a bubble and we should take some money of the table. Not quite yet I think, but any thoughts?

It is Fres that did the catch up, over 2 years Fres and Hoc are much the same. This year’s figures will be hindered by only 200k gold equivalent ounces being exposed to the rising PM prices, and losing money on MR, though of course rise still very welcome. Next year should rocket if PMs stay up, and hopefully today in anticipation

WESTOWPODS, I wouldnt worry, PM's in bad need of a correction and sell on teh fact yesterday gave an excuse, miners anticipate, I am happily holding for the rebound

West, despite large PM rises this year may be worse with Mara Rosa making losses, next year should be great (assuming MR solved) hence tussle in the share price between those who look at this year and don’t much trust the management, and those who look forward and do.

Dark, buy on the rumour sell on the fact

Thank you Paul, just done so, will do more

Dark Knight, it may take a few goes to get through 350, especially after the meteoric rise from 240’s. Gold too is taking a little breather. Hoc is a volatile share so do not worry

Bolland asked. Yes indeed, with Mara Rosa not working and not looking forward to it working that was fair value around 240 which is near what happened. Once a Mara Rosa solution was announced, next year changed from Mara Rosa being loss making (esp after hedges) to a profit centre again which meant I immediately said 350 then 400. As Keynes aid when the facts change..,,, now unfortunately I was so annoyed by yet another unkind post from Oracle that I sat on my glasses to reply, which is rather unfortunate as on holiday in Greece. So now you are filtered, Oracle you just reinforce my sorrow at the moment and increase my understanding of all the miserable social media bullied kids at school. Despite social media there is no need to be unkind and angry as so many in Britain now are. I am thrilled that the price has done what I thought it would, having bottomed not far from what I suggested (around 246) and hope lots here bought more in late Aug. As always said I continued to hold through the summer fall expecting the autumn rise but no idea on the timing, but Iisn’t it lovely. Hope you and all are as thrilled as me.

Bolland, I am indeeeed hugely enjoying the ride looking over the med in Crete. And my fewer Anglo Fres Edv and today OMI. I said for months hang on with gold summer doldrums and Mara Rosa news which if not solved really dented the profits but after last conference call posted on 30 Aug maybe on rival board“ very happy, I believe the doldrums I predicted to last April to autumn (sell in May till St Leger’s day - 11 Sept), a consolidation much needed after the meteoric PM rise, may be over and a good sign this is a few weeks early. If so, and this is not a double top which I believe it isn’t as interest rate driven, I hold that we should see 350, and as the market looks to 2026 if this PM rise holds through autumn then very high cost so highly geared Hoc could soar through 2026. If interest rates fall as expected, PM’s convincingly break out next week and MR recovery proves real. So yes very happy and can’t wait for Hoc to play catch up. I hold by that