Member Info for SteveJones999

Yep- but the caveat on the AISC will be on how believable it is now- some costs like fuel go down quickly as they rise, so long as they have a handle on the others which tend not to eg wages etc and ensure they don't rise with this inflation bump (which I hope is short lived). I guess a deepdive into the assumptions will be required but again, as I previously said, fruitless generally unless on the inside...

I agree with what's already be said. It's impossible to second guess the cost base other than what's in the RNS reports. Costs have shifted upwards we know for sure but what is procured where and how is impossible to foresee with any accuracy, as are any mitigations that were put in before the big recent inflation jumps. On the negative side, improvements took too long to turn round, which is why SP has lagged. Having said this, CEY, I think, are projecting on the conservative side over the next few years (and this has been stated on webcasts), so am hoping for no nasty surprises but some nice surprises in 2022. On the cost base, I do expect inflation to calm, flatten and reduce through 2022, more oil is being made available for example. I just hope next week's RNS provides no nasty surprises, as for SP in that regard, no one knows how much is already priced in! What gold will do in 2022 is again anyone's guess.

Something just happened... Putin says certain positive shifts in talks with Ukraine: ifx

To add - oil is now plummeting to ~ 13% drop on the day, bring gold with it today as Ukraine says it's ready to compromise - whatever that means... both could easily spike back up if this doesn't lead to agreement - again we are but passengers to the newsfeeds we read. I hope there are some positive surprises in the RNS next week that we don't know about... here's hoping ...

I agree Sotolo on costs- I expected inflationary costs to be calming down but then Ukraine escalated quickly and hit oil which hit our cost base. Gold price has risen but late to the party compared to inflation of costs. All PMs have suffered in a similar way- the problem here is the turnaround of the company has been too slow .
I remain confident long term but am too concerned of short term with results next week abs gold could drop more quickly that the inflationary costs.
As for takeover - been waiting soooo long. I guess A big player would take us out if they could mine our current base more cost effectively and believe in the expansion capabilities .... only those on the inside really know the truth - we are but passengers

Yep all down, FRES ~6.5% too. PMs work on sentiment a lot of the time.
Has been a lousy few years and inflation whacked up fuel prices too- and rise in metals hasn't provided anywhere near the expected rise in PMs over the years.

Heyho- off to golf and hope the US gives a bounce.

Nooooo Sotolo- looks at pretty much all PMs today- all pulled back from yesterday- that's your reason

Makes no difference to me- feel for those who lost a packet, and be good of some can get some back, way too much of a gamble for me, will be watching though

Well looks like it's risen since my whinge- must whinge more often lol.

Did someone forget that CEY do actually mine gold :-(. Come on CEY, get with gold... ~2030 and up a pathetic 0.5% on the day with gold almost all time high and 1.8% today alone...

Looking at others though we are lagging today... so far...

Look at what it mines!

More wild swings across everything- FTSE almost below 6800 again and then in the blink of an eye almost back at 7000... CEY almost 110 then testing 105... keep the faith, gold dropped to ~1960 yesterday, then just before open ~2021!

All a bit bonkers at mo

Ukraine 'retakes town'
Ukrainian forces have retaken control of the town of Chuhuiv in northeastern Ukraine, according to presidential adviser Oleksiy Arestovych.

We don't have any more details at this stage.

The town is in the Kharkiv region, where fighting has been heavy since Russia launched its invasion 12 days ago.

While analysists predicts Russia should have enough resources to take key parts of Ukraine, holding them could be trickier - with the potential for a drawn-out guerrilla struggle.

Advancing forces are also required to leave behind troops to hold the gained territory - so the force moving forward becomes thinner.

Meanwhile, further south, part of the Ukrainian port of Olvia has been hit by a military "strike", Ukraine's infrastructure ministry has said.

Nobody has been wounded in the attack at the Black Sea port, which is in the Mykolaiv region.

It comes after the country claimed an area in its key port city of Odesa was subjected to a missile strike in the early hours of this morning.

Yep alas true- which is why I’ve kept saying I don’t use charts and unforeseen events and RNS dictate major moves and charts just analyse it. POLY is an unfortunate clear example

The Times Friday March 04 2022, 6.35pm.

"Dmitry Medvedev, the deputy head of Russia’s security council, warned last week that Moscow would respond to the seizure of Russian citizens’ money and Russian companies abroad by seizing foreigners’ funds and foreign companies. Moscow did not rule out nationalising the assets of companies registered in America, the EU and other “unfriendly jurisdictions”, Medvedev said"

On the practice ground now Rebess.
My Dad is good looking lol, but not Hector. He moved from Liverpool to down south before I was born. Yes, golf is fab- and I have to switch my phone off now- course etiquette.
Have a good weekend.

Time machine not working?