Member Info for Sotolo

Mr Tibbles. Aisc is indeed not a perfect metric, but it is the best we have and an improvement on before we it, plus the percentage increase for a particular company is illuminating, especially if like us it is large and reflected in the reduced share price, or like Barrick up as we see, but quite a lot less, and shows the effect of the raised oil price. My second sad big holding, Hochschild, mothballed their Arcata mine because the aisc was higher than sales, and have had to hedge the entire output of their Pallancata mine as again if the PM prices fall it would be losing money, thus will miss out on any rise. Ultimately a company can not continue operation if the gold price is below aisc as even capital raising will soon be eaten up.
On another note I think the possibility of the dividend being raise from 5c to 6c is highly unlikely, it is more likely to begin to fall later this year unless gold continues to soar faster than the aisc

Quite agree, the results are worrying in case there is something that explains the precipitous fall. Oh and I don’t think you are Friggin brainwashed people with their brains wired like zomiobies incapable oif logic or listening, even if you think it of me and anyone who might have another view than yours. In fact I trulyI appreciate your posts and other points of view and explanation of the share price even if you prefer to only hear from people who agree with you - very modern and just as people are about Brexit and Covid, Personally I believe debate has been a key part of advancing humanity over the last couple of millennia but then call me old fashioned…so thanks Dark Knight!

I make the basket $2975 so just touching $3000 for the first time in many months, onwards and upwards, I too rashly bought a few more today, now 30% of my holdings.

Thanks Prof, I think the big disappointment is the hui gold mining index is up 15%, the Gdx over 20% so we should be laughing, yet Centamin and Hochschild lag way behind with Cey up 10% and Hoc up a measly 2%, partly I think as their high costs mean investors seem to think there are better mining alternatives immediately than speculating on shares like these coming good. Let’s hope they start playing catch up, who could have believed both these around £1 with gold at $1900 but then who could have believed costs also going up to 50% higher obviating the gold rise.

I seriously think it is a preponderance of sellers and lack of buyers, if many thought like us they would clean the mm's out of stock who would have to pay moire to reluctant sellers to replenish it. MM's thus couldn't keep the stock low as it has been for weeks; my worry is what do all these sellers know and what is putting off buyers? Normally Hoc shoots up as gold and silver move?

First because our costs have risen faster without a lowering in sight as whey has, second our production down without a recovery in sight as Cey has, third our resources low and in case of Pallancata nearly finished and fourthly the politics which seem to scare off investors from here ever more, but as said we should rise with gold now as all this has finally been taken into account, unless it is saying there is something else nasty to come out

patryk, yes gold up 7% but so is inflation

Well Prof it has been a lousy year with this which has fallen more than two fold, and worse Hoc, as you mention, down by over three fold, both hit by lower ounces and more important much higher costs that will only be rising further with inflation. So the question with both is can they and the gold price improve faster than inflation pushes their costs ever higher; ever hopeful but what a hit! The good thing has been what is now my largest holding and I have mentioned a few times here, Tharisa that has risen 25z since Xmas, and 50% since Nov and is still super cheap valued at under half Cey while pushing out much bigger profits, that are fast growing; and my investment is entirely thanks to Tiger on this board, who did sell out around 200 and recommended Tharisa here. It shows how useful pessimistic comments are on these boards as well as the more usual optimists

Prof, snap (and lovely to see you and your wise words here)

Dark the challenge has been that although gold has risen 7% so have costs, so the rise so far doesn’t yet feed to greater profit, and our super high costs and lower output will actually reduce it. But the flip side is our high costs mean we are very geared to increases in the metal so from here we should rise 4 times or so faster than gold - ie $2000 gold should logically take us back to over 120,

ie don’t shoot the messenger, we need them!

Gnome, I think as usual it is a game of brinksmanship, and it required the Americans to scare their allies sufficiently to make a threat of sanctions seem real enough, the media is just reporting this, including the massing of Russian troops on the borders which was very real, even if maybe their brinksmanship, our requests for US/U.K. et cetera citizens to leave; if the US brinksmanship works we should all be relieved, also on the Russian side we have no idea of whether they were just trying to put on pressure, wanting to invade or even will. However their threat is definitely very real as shown in the Crimea. The fourth estate is a pillar of democracy the success of the of the Alt-right in trying to undermine it is shown sadly in posts like yours, even though the press are not perfect and with the reduced money do not challenge government sufficiently. I have found a still well funded paper like teh FT illuminating through this crises. On a closer note I think gold is rising not just because of this, which is to my mind just a catalyst to finally get it to start catching up with inflation.

Plenty of other people seem to be selling, as everyone on this board seems to be a buyer yet the price stays low despite their buying, keeping them fair value for now for you to buy if you know better than the market, best of British

You may be waiting a long time, do you remember I sold half my long-term holding around 41 in a couple of tranches and bought half of the half back far too early in the 20s, but now intend to hang on, I just say it could be a long time and depends on Brad ****ing the potential profit away,so I do not intend to get more now

'back' in our sails, gosh there hunt been any to come back, instead we have been sailing backwards now for nearly two years in which time we have fallen over three fold!!! I do hope the results don't reveal something nasty that might help explain why we haven't risen a jot, while gold has recovered over $100 along with silver. I know our cost are soaring, metals running out and politics dire but all that should already be in the price so why are the rising metals not lifting us.....ominous?

ii is happy to take them, all my other shares moved there but Barclay was so slow it completed the day after we were given the Aclara shares and they refuse to let me transfer them or do anything with them!

I am invested not for us exploring but Agnico exploring. I am hoping the costs of Brads other ruritanean empire building at our costs don’t outweighs this. As long as we don’t do much of these the wonders of Anza should outweigh them. So I can logically be invested ed here thinking
A. The money is in Anza
B. This could be a long wait
C. Mining is far off
D. The share can fall as well as rise in the meantime
E. The danger in all PM miners is investing the profits (potential) in vanity projects that don’t work out - read the most successful of all, Bristow, this week
F. If Brad can control his second rate urges we could eventually make a lot of money
G. But en route the warrants won’t be exercised as the share price won’t climb enough so because of thes new projects will need more fund raising and dilution, hence affecting share price
H. I hold despite this company being run for management rather than shareholders imho, because of Anza potential outdoing the above
I. I do not want more spent on marketing and pr but costs to be controlled as tightly as possible
J. I am very sorry that all the Panglossian views on the board of soaring prices on this board haven’t worked out this year and my realism sadly has. However I am. Or enough of a believer to have sold and bought back lower, partly because of reading all of your wishful thinking

Barclays refusing to transfer the to ii

Mr T I was suggesting that the big thing that would make Centamin come good is a higher gold price, rather than improvements in its output and costs which are rather limited. I was also suggesting that the rises because of events like Ukrine are often short lived and that I hoped this time the rise was partly because of economic events which we all believe should drive gold higher and might finally be beginning to do so. We shall see if indeed this gold pullback is temporary. Of course I am also sure that most of us would prefer a much better economy that didn’t raise gold, but most of us see the terrible economic situation that should at sometime make our insurance policy payoff

does anyone have their Aclara in Smartinvestor as Barclays tell me we cannot do anything with them still so just have to watch their value drifting steadily down!