Member Info for SteveJones999

Lol Dagger- it can only go up or go down- none of us know- we all have the same facts (alas I’ve not seen any evidence on this board of anyone who has always got it right to suggest that they the right friends lol!).
I hold for all the reasons I’ve consistently posted - if there is any bad news, which we know is not expected, my patience may run out - Monday will reveal.
There is nothing to suggest all is not well, we have the figures from the Jan RNS, we have seen posts from Capital showing progress, we have seen some tweets on other progress, we heard on Jan call that first 3 weeks of Jan were on target, we haven’t heard anything on licenses other than in negotiations. So, on what I know, it’s a hold

Any T/O has access to everything, but without an offer and just leaked news the SP will jump- I would expect a jump to 120 on news, price would be min 150 based on Sukari being ok by timeframe proposed in plan - even then, of sukari ok, prob get rejected unless major share holders want out- we’ve lost just over half of value, I would guess about 30% was down to the mine issues

https://www.proactiveinvestors.co.uk/companies/news/944228/capital-ltd-experiencing-most-positive-trading-conditions-in-its-history-944228.html

Their explanations are never that good - it’s the spike that hammer, not the absolute value, the speed which freaks things out- typically, with the spike comes a spike in the dollar which we don’t want and drop in gold and a drop in the nasdaq- these spikes slip to risk off on equities, particularly tech and hit gold- have posted why this is several times before on this board

If you wondered what has whacked gold since ~07:00.... take a look :-(

Sotolo, sell all your CEY. I still do not understand how someone can hold stocks they think will fall- I only hold stocks in companies where I think they will rise and I have, on occasion, had cfds on shorts when I think the case is the opposite - I go with what I think and if wrong so be it- I couldn’t live with myself if I didn’t go with what I think- this goes for everything in my life- it’s called belief. Just sell and buy back when you think the time is right. I have other investments with an advisor and i couldn’t imagine a conversation “oh I’m sure my investment will fall for a year at least, he would say “why do you want to leave it there then? Do you want to lose money”....”no”, “but you say it will lose”, “yes”, “so why leave it there?” etc etc etc. Is it just me or this utter madness?

Keeping everything crossed :-)

I said watch the FED ...

FOMC economic projection coming today
Today, the Federal Reserve finishes a two-day policy meeting. All eyes will be on Chairman Jerome Powell’s press conference at 18:30 GMT, in which investors will be watching for an explanation of why the Fed is sticking to its policy and how it is thinking about rumblings in long-term bond markets, as part of the FOMC quarterly economic projection, to be released 30 minutes earlier.

To play the other side... I've been saying consistently that many unlisted companies will go under, so the listed companies can gain greater market share as things pick up- the K shaped recovery. The indices are not the economy- the amount of times in the last year when I've correction, crash... I could have a millionaire if I'd had a pound every time I heard this.

I think the main reason the SP is under pressure is due to the pandemic dynamics.
All companies took a whack this time last year, incl. gold- as the recovery started, people put money into stocks and gold as the money had to go back for FOMO as cash yields nothing. The recovery was still unclear so gold rose as well. Then out came the vaccines, this caused the gold downturn as recovery risks well greatly reduced. As most companies seen undervalued as hadn't recovered people invested in them (CEY reached a peak on gold price, so had effectively "over recovered"). So people continued to pile in on "un recovered" stocks, where the gain could be far greater to get back to pre-pandemic levels. Gold continued down, therefore gold stocks did. Obvious in hindsight, but at the time there were many traditional levers buoying the price for gold, none of which helped this time. Now I think CEY and goldies in general will recover as very low, and as we move to later in the year, some of the key stocks that have now recovered will see weakness and we don't know what there markets will like- at the moment all is seen as rosey.

Sotolo, of course expansion costs- didn’t your read the presentation where CEY show how they evaluate this to ensure profit? Being a single mine outfit has caused us to take this hit on SP as when an issue arises he hits everything. I can’t believe you are now saying expansion is a bad thing!

OK, so not always the best, but hey some follow...
https://www.fool.co.uk/investing/2021/03/15/these-10-uk-shares-can-rally-in-2021/

Dumb question, but what are the ex divi dates for 2021? And amounts?

Absolutely Mr T, am hoping our delay is due to these negotiations, fingers crossed :-)

And that’s what we all want - a change in the ratio inline with all the new concessions recently offered- i think something could be done and no you do not need to canx the old contract, any contract no matter how complex can be simply amended when there is agreement. The complexity is used as pure
smoke and mirrors when people don’t agree/
when they do, any contract
can be amended quickly.

I know I've asked this question a lot and if the answer is in the detail already posted, apologies.
But, with the new licenses we are looking at, the terms look really good, and is there any chance that our delay is on renegotiation of Sukari terms which would be stellar and jump the SP.

Thanks CHRI55- will wait on this one until after 22nd for any switch for me. I've enough invested in gold at the mo, although for the brave it could be a good time with gold struggling, and the economic recovery fear of faltering could cause gold to rise like it did last summer. I wait for the 22nd and would kick myself if positive news comes in the commentary of the RNS eg licenses and Sukari progress, plus what if Sukari got re-negotiated as part of the new license deals? We know the results on PROD etc from 2020, but we could get a big jump on positive commentary.

You need to look at what has occurred over past couple of weeks- it’s the steepness of the spikes that causes the impact-
again represnted by what happened earlier in the day-
I’ve mentioned several times over past couple of weeks - spikes
CEY get hit harder on sentiment eg what is likely direction of gold - so these spikes hit gold and hit CEY

Thanks Cowichan.
Do you think there is a chance we will get a re-negotiation of terms for Sukari - looking at paragraph 6, only seems fair? Am I hoping too much each hear, have you heard any rumours or has anyone else on this forum?
Does anyone one know when the current 50/50 profit expires?
Any change would be a game changer