Member Info for SteveJones999

Smart companies understand the markets, and communicate effectively. Non smart companies do the opposite and their shareholders foot the bill.
However, it’s not just the comms is also what the situation is that’s the issue

Makes sense when selecting a broad range for a portfolio but way too simplified when you’ve detailed knowledge of a company and a stock.
At a macro level here, like all PMs, gold price has dropped YTD, and not gained a bid yet despite inflation which is usually seen as a driver- the double whammy with inflation as it’s caused PMs costs to increase too- as is the case here with CEY, causing drop in SPs- Vitaly at Poly mentioned this twice this year and their SP got hit at these times. The divi is defo under threat here. The world moves fast these days, and I won’t be sitting and waiting here - just trade it around RNS when good news is delivered- removing risk if sudden downside like Oct2020 and the other day when the speed of recovery is just too slow. I’m a bit worried too about the next set of financials too for obvious reasons. Takeover is always possible, but only if people think they can do better with the core product.
I traded POLY yesterday when I used to trade CEY around US data points - price action since the 8th has left me nervous.
The risk reward on gold PMs at the moment is it giving more risks with less reward. By providing such a broad range in the AISC- doesn’t give me confidence.
All PMs need a gold bull run to state the obvious, despite many predicting this last summer, it’s done the opposite.

Alas so Canetoad- and inflation has been a threat all year and yet gold has continues to trend down since January :-(.

Yes I agree Tony, but on the flip side I was disappointed that benefits were not baked in- I expect a company to make the correct judgements on these sort of things- it’s like they said this is what we think will happen to AISC, and we have these things in the pipeline that will improve, but it’s up to you to decide if they will come to fruition or not eg don’t blame us if we are the higher side of the AISC as we told you this could happen.
I’m all for transparency. But I also want a better judgment of what they think will happen- it’s their company and they are best placed to predict these things - I was not happy with such a broad range.

In the title.
Ensuing commentary on further dissection can cause further movement, closed off my CFD early on the news (I don't go short anymore on gold- and only trade it around key points- got burnt bad a while back), and best to take a small profit when you can.

Agree, they can't re-finance and at the same time dish out the same level of divi, makes no sense. any re-financing has to be done for expansion/growth.
Good recovery from the early morning drop here- not nice for holders looking on. Although makes no difference if you are long term like many are- but if on this forum then clearly check the price most days, so a bit yuk for sure.
GLA for whatever you decide to do.

This bid was pre the Oct2020 mine issue, and of course, the RNS the other day, the first official update on Sukari recovery and plan for way forward.

Trading on RSI is risky- but good luck to you Tornadotony

Watch for CPI data in US tomorrow- gold could well move …

Hey Goldgnome,
Apologies for late reply, been on a golf break.
I agree on the CEY problem, the timeframes are too long, and I agree a lot of what Cowichan posted on reflection.
The AISC is not good, the markets operate at an exponentially increasing rate these days and this will not abate as the tech moves ever increasingly fast. It's like the recovery from the Oct2020 issues are too long, until yesterday's update, many thought (like me) would be much quicker.
New investors will most likely wait and see- as the up and coming financials won't be pretty. On looking at new finance, fine if it's for paying for expansion, but not simply to keep divis going and/or worse, paying for increasing costs- these divis would have to be reduced. the finance man was not very convincing.
Simply put, main SP movements always and will remain around RNS.
On the "will there be a crash", the biggest issue for me is all the doomsayers who constantly predict one, and have been wrong far more than right- for example the main indices in the US have increased massively, and a big drop would still put them ahead if they had simply put their money under their beds. I have a good friend who bailed after March2020 drop and is totally miffed he went low risk out of panic, and we had and have a "K" shaped recovery... can we all see anything coming? No is the answer.
For me- I'm going to move my main pension to more risk off balance now, to protect the big gains in the past 18months.

UT

Looking at the sp now and other PMs, would have probably been close to this price without any announcement today.
Gold remains under pressure relatively speaking - still think all PMs are undervalued, this has been the case ever since the gold price started to drop post the big rise around the summer of 2020 when most analysts were predicting massive gold rises

I’d be gobsmacked of no one thought about maintenance and cleaning etc. Ping and email if you need clarity- this tech is changing all the time at a rapid rate.

Lol WalShse121!

Yep alas, hard to argue with your post Mr T, the short term AISC is not liked plus the conservative approach- although this is what has secured things up a lot since Oct2020, and create a much need path for expansion.
As you say will take time and now on correct path.

Match fit for M&A

Nothing new so far that wasn't read in the presentations- bar there could be further savings not yet factored into the AISC moving forward.
To me- it's a conservative view which also comes across in the presentation also in the commentary as it's being delivered.
Others dialled in please post your views.

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That was before the mine issue- however I think that this is a buy now from all the things we’ve hoped for since that issue and the RNS today