Member Info for SteveJones999

Yes Mr T, I have often written to them via email, and listen to all webcast and dial-ins. I'm not concerned with other companies communications, only those that I'm invested in. All companies face difficult dilemmas. Awaiting details of current license negotiations which is within their gift. The new CEO comms has improved vastly over the previous, I was also pleased with the Joint Broker appointment in late Oct2020. My note was responding to SP value, how I view it as investor and what matters to me, as well as how I see companies I invest in- non emotional.

Whether the SP is the true value or not is an irrelevance to me- the value of my investment is all I care about, so the value is the SP multiplied by the number of my shares. Sure, if the SP remains flat and the divis good(which they have been historically) then this is another way of gaining value from the investment. However, as has happened historically in other businesses, dividends are not guaranteed and can reduce or cease, it’s then the SP only for your value, which if lower than you purchase, not good especially if you want to swap for another divi paying stock.
I am not loyal to this to company as I do not work for them. Equally, they are not loyal to me as they do not consult or contact me in advance of any major decisions that impact my investment eg divi cessation, info on mine issues, results, new expansions etc- so I run blind like the vast majority of us shareholders do.
I invest on fundamentals which is why I am long here.
I would be very happy with a T/O, the company is ripe for it at current SP with the management team and strategy in place (possibilities done to death on this board :-)), and I would expect a bid would be a large, therefore fast increase on my investment in short term which is preferable to an unknown.
I would expect the bid to be vastly greater than the “joke” bid from Endeavour in recent past. I’ve been invested in this stock for a number of years, relatively new to this board.

Need gold to keep moving, come
on Yellen... and yes nice for a Friday am hoping for a green day... at least a ways away from today’s low...

Ooops correct post: https://twitter.com/laptop1515/status/1362774314681069578?s=19. Of course, gold has risen, but worth a read whether you like it or not.

Posted from another board... and they got it right earlier and they were the one who first found The Times post I posted last Sunday night... here's hoping... https://twitter.com/laptop1515/status/1362291432246173697?s=19

Good post- agree and I hope. Have been investing and trading gold stocks for years.

My gut agrees on Gold bearish, my it also agreed in Sept last year when most bullish... the prob I have with analysts is when the cite the reasons for bullish and they remain in place, in fact grow stronger, then they swap to bearish on a chart... alas, as we all know it's a 50/50 choice we make. The frustrating thing here, is when holders (and I do) believe in imminent news that is most likely to increase SP(licenses), a takeover would be a boon although less likely, but news on licenses will be coming out at some point...

https://elliottwave-forecast.com/video-blog/break-new-time-high-gold-confirms-bullish-market/

The above is from end of July2020- all the drivers they state for increase gold price have come true and in fact got far greater- so rationale was wrong clearly, for now...

I always wish the chartists would caveat with all the times they got it wrong - don’t know about this mob, but most were taunting massive gains in the summer 2020...

Deals are complex, profit share being 1 element, although key for sure. It’s about time they got the license announcement out there- always difficult for share holders when no news when there’s news on others, especially tough when gold price is struggling and SP seems to be constantly under pressure for an extended period- no wonder we cling to rumours!

Yes, but they say anything, they don't deny, they don't confirm. All the confirm is that they've seen the rumour and confirm that there are part of media speculation. So I conclude from this that the rumour could be true. Be different if they denied, but they don't.

Yep- but doesn't mean anything, as they would not be allowed to say anything else - and of course it's media speculation as it was in the media and speculated there. No comment does not mean not true...

No news anywhere, hence no posts.

Are we going to bid for more?
Desperate to see what we got last time and what terms we negotiated and whether not we have negotiated better terms on Sukari (more hope than anything else!)
https://www.mining.com/egypt-extends-deadline-for-gold-mining-bid-round/

Thanks Cowichan- this came up on my google alerts but I couldn’t read as no subscription, but got link works! We’re all desperate for news here, especially with gold doing what it is currently doing

Thanks Arfur_Uggins, makes sense, reinforces my view to hold here- takeover, new licenses, commitment to gold mining by Egypt , current SP value etc. Gold price is odd and has been for a while- historical comparisons are becoming much less useful in the algo, AI world we live in, where the complexity as increasing exponentially. As such, I tend to have a massive sway to fundamentals these days-

With HGM last year I took the cash value.

Thanks Siko- keeping everything crossed for positive news

1 week ago, gold ~$1840, CEY ~110.85.
Gold now ~$1777, CEY ~110.40
Not a chartist, but would be interested to see any views there, we’ve done the takeover thing, licenses etc, just waiting more news...

This is quite a good read, may make things clearer or may make the mid even denser! https://www.investopedia.com/tech/how-does-bitcoin-mining-work/