Member Info for SteveJones999

FRES and POLY have the silver price impact too- so not an exact match, but I do follow them and trade POLY, but not FRES unless a long time frame due to the stamp duty.

This happens more often than not- but sometimes we get a little boost like the other day when we were better v peers- general markets impact too as we are a stock after all.
Day traders play the odds, but of course, not always right.
Gold is now climbing back up- but still below this time yesterday, as are the markets.
The odds now (10:49) is that PMs should increase SP- but the odds are odds and of course no guarantee.

Poly and fres both have pretty much same % of more buys to sell today and are down similar amount- as I said gold price and gold price sentiment - intra day. I always check other PMs

It’s intra-day movement of gold price (within U.K. stock markets time zones) and gold sentiment that makes the SP move.

No- purely following gold price

A false dawn... again...? but it's up again, so fingers crossed for another green day

Nice one Cowichan!!

Ah okies lol

Agree- where are they?

I add- 1st Dec key on Sukari- faster recovery, for me to get us over the 500k again. This will restore confidence and add big weight to abilities to deliver on new initiatives in the pipeline- there has been a lot of positives here so far, and single source mine, even before the Oct2020 issue was always a concern.
This will move the SP upwards.

Progress is always filled with benefits and regrets and one persons benefit is another persons regret.
Humans have always been competitive , have the desire to impose their views as believe them to be right.
All organisms, have the primary desire to populate, the planet has one too, and humans are by and away the biggest threat.

People said "I would be hesitant at buying BTC when over $1,000" and this hesitancy stays, and will always stay, and the number just goes up and up and up- sure, big drops along the way but facts are facts. Joe public take up is there(was massive in the early days- remember all the facebook/social media ads?), but now more and more institutional investment coming in now on crypto, and this will only increase with more regulation.
PMs are bad performing stocks once established- just look at CEY and others (admittedly there will always be some good ones, POLY) but overall outperformed hugely by other industry equities, esp tech. CEY poor for 5 years, even when you add in divis. Plus a divi is always at risk, PMs are trading stocks, but not quite as risky at crypto- but I would add I spread my cryptos on the one I believe in, same as gold stocks- and don't go single source.
Just because gold has been around for 1,000s of years and people will always like bling, doesn't mean it's a great investment or hedge, the evidence is plain to see. The next big tech thing that shows signs of MASSIVE expansion capability globally will always attract, most established global things just don't have this.
Why do I continue to hold CEY? I trade it less now as am waiting for "jump news" be it Sukari recovery acceleration / takeover as I believe the price is low and worth the gamble. I trade it around US data points where gold price most likely to move to sell to avoid a drop and and buy back at reverse. Sometimes to skim profit when I think a drop is coming after a rise. Sometimes I get it wrong, but am not afraid to buy in again at higher than my sell price if my indicators warrant it.
At the moment I don't like to be out for long, as at this SP, takeover can happen from those in the know if Sukari is once again accelerating, and will push up the volume to over 500k again.

I will continue to hold cryptos, and if I lose the lot, I've already covered my original investment 3fold(some would say lucky, but I went with what was not established and had the potential of massive global expansion).
I hold other equity investments and property - diversification is key.
Obviously, the biggest gains are always in the most risky, which is why I only have a very small % of my portfolio in crypto, but for me, has proved worth the risk, and continues to be so. I've not increased my investment in crypto as it is the highest risk- but it's value has most certainly increased massively.

Who cares where it's coming from... if BTC has a $ for every moaner on crypto, it would $1m now lol.
more and more people are going in, institutions going, get with the game and take some risk instead of whinging... or just ignore.

I don’t worry about crypto- I put a small percentage of my portfolio into it 5years ago and got my original investment out *3 and still hold- I took it as I could lose the lot- but for me still well worth the risk - I also hold goldies which are my next most risky investment- for me it’s always been a case “and” rather than “or”, but I only invested and invest in the key cryptos and gold players- they’re risky enough and the small players are a risk too far me but each to their own- we are all here to make money so GLA

Also demonstrating and delivering on getting Sukari on the way back to where it was coupled with delivering on the expansion possibilities to push us back over 500k is vital and also attracts greater investors and the obvious big potential takeover companies… we remain projecting performance below Oct2020 - turn this round and the minimum back with the ~25% drop it caused- the rest of damage being broadly in line with most pm’s due to the daily intra-day trading gold movements.

Yep- we will never know before appears, acquisition of cey is a distinct possibility once seen again as a 500k plus miner or on a consistent path to one esp at this price.

Thanks Mr T. I'm hopeful for positive news that will signal and return to being a 500k plus deliverer again- and if this can be projected sooner rather than later, it cements all the good work done by Horgan on his expansion plans and abilities in running the key asset.

It remains a K shaped recovery since COVID started- with rates so low those on the upper bit of the K have money and pump it into equities as nothing yields like them.
The markets aren't the economy.
It's a very strange time- just look at how low jobless numbers are.

There was nothing wrong with the article. The concern on gold was correct, although I would have said it WAS due to gold price/sentiment on gold price obviously, all other PMs have suffered on this, plus rising costs potential which the POLY CEO openly communicated adding to their lacklustre performance which is now coming back a bit.
Horgan has not said anything concrete on Sukari other than meeting revised forecasts etc which has been positive, most people have listened to every broadcast, and read all the information out there.
If Sukari is not good news on 1st December, it will also throw into question the capability with future projects where so far have been progressing well with lots of detail there.
I maintain what I said yesterday.
"Sukari in oct2020 battered the volume produced - before this it was 510k to 525k per annum then it was reset to 400-430k in oct2020 post this. Good news is slightly ahead of schedule in last RNS staying 415k most likely, so for sure stabilised and no worse since. The reason why I bang on about 1st Dec is this when they will comment on Sukari - will this once again be producing more and increase since Oct2020 projections? Fundamental as we’re still seem as single source and if this is positive along with all the new potentials this year- should be good."

My question for you Mr T, is the big question on expectation of will come out on 1st December:
Is your interpretation of Horgan's verbal comments, written comments that being ahead of schedule that Sukari will remain at current levels of production for many years and how many years with minor improvements and no more issues like Oct2020, or is that Sukari will return to 500k plus, the previous baseline, and what is the timeline for this?

Good to see- hopefully more will come.