We spoke to gas explorer and developer Sound Energy. Here are the latest updates from Executive Chairman Graham Lyon. Watch the full video here.
Agree Rookie we are starting to respond quite rightly. The last time we had a sudden increase in Gold at this rate Centamin rose to over £2 a share! Fingers crossed for a rise of some significance. If not we have a very good divi coming too!
Gold charts now vertical upwards and climbing fast increase today accelerating up by 2.65% and increasing as we speak.
Something is definitely going on here. We are just starting to move up and expect this to move up fast this afternoon once the Canadians come on board. By the way I saw ABX " Barrick rose up yesterday between 4 to 5% and so we are looking very cheap to them now! They also have very similar interests to consider outside of Egypt with Centamin as well as in Egypt where they have certain exploration rights! -We should see a response later on more than one front!
Looks like a good time to come in here whilst the price is still level pegging as this will not last! Fres are also on other World
markets and the reddit traders loved this stock last time when the NYSE woke up! Could be interesting later.
Hope the Reddit boys see this one as a bargain as London is very slow to react.
Silver up 3.27% and rising fast with Gold now up 2.50% and rising. Could be a good afternoon - fingers crossed!
Yes agree Its looking like a good time to be back in here. Perhaps RF should be congratulated with a Stella deal with the Welsh Pubs as they are coming out of lockdown sooner than most. He has used his Brains! If foreign travel is restricted as expect and more stay to sample the Uk then Marstons will do very well in the second half of the year to start clawing back some money big time.
How many other companies can offer that at the moment. I have a feeling once the analysts see the potential we will be receiving upgrades in the rating very soon. Once this happens and if fund managers want an income where is to look! I am surprised we have not shot up, but we should respond later I am sure. I am not so sure any shorter's will be happy as the upgrades come in if there are any stupid enough to go for a comp with record profits and cash USD300M Plus cash in bank!
You were both right Steve and Mr B.
Growth helps us with Gold a commodity and hence increased demand. Also a currency and inflationary hedge. However listening to Bloomberg this afternoon they said yield rates were down so this appears to help at the moment too. So low rates again helps growth and increased money supply = lower dollar = increased Gold price too. I also see a race to expansion here with the USD V China economies growing competition which will help us too . China
For Burkina Faso remember many are fearful to tread there after the Gold ex's being picked upon by terrorist groups (do I remember right that some very senior Endeavour execs were killed) - So I am not sure of how the political land lies at the moment but it does seem there is a resource there for later even if we have no presence on site for the time being.
Hi Sotolo - yes something I had not forecast was competition between the two biggest nations of the World to get their own economies coming back faster than the other. I seriously think there is a race on now with China to the USA needs get the USA economy accelerating faster than the other and vice versa. I like this race we should do well from both sides as the competition heats up!
Just what we needed. We should now be more ambitious with our pricing going forward as the markets react very positively to expected increased demand in the USA and recently the Chinese economy showed increased growth - the race is on!
& Gold and Silver have reacted very positive to this both now very much in positive territory. Those hoping for a fall will be bitterly disappointed as we should follow up in the morning if the far eastern markets when they open follow the West lead. They usually follow the Chinese economy moving up so they should respond positively which will help us further. Glad the markets are as ambitious as my posts have been - makes it all worth while.
For today Market awaits every announcement but many analysts now suspect a movement back into traditional stocks having over done the recovering stocks in recent months. No one knows what can happen to Gold but it also has as pointed out to me yesterday a growing industrial usage being one of the best electric conductors known to man. It is also used with Silver in the Medical and Scientific industries for its cleansing uses when talking of equipment. Over the year Inflation likely to fly once it gains momentum and anyone who is thinking today and tomorrow Gold is done may be mistaken. Centamin yearly announcement and divi expected soon to keep interest in this share. Good opportunity for income and growth at this level. IMHO.
Carry on Fed even though Silver/Gold level pegging today we are up yr on yr 120.93% Silver, (that's 10% further more yr on yr than yesterday in a day) and Gold is now up 17.23% year on year. i.e. More return than most other investments at the moment lets be honest and yet some worry about rising yields. If they give a 121% increase year on year commodity rise I am happy!
Both are affected by the Fed's actions today, but more so by currency movement and inflationary projections as you have quite rightly said before Sotolo. On this one you have quite an education. We all learn as we go along in life. I lived in London in my early years and then moved out to the Country finding from my wife's family a completely different way of looking on life. This is an education that one cannot learn at School. However all the precious metals miners make money something that cannot be said for many (perhaps most even) at the moment. Still a good place to be in the precious metals miners in my opinion. For Silver we appear year on year to be gaining large % gains per day. 10% up even on yesterday alone!!
Feel the main reason we did not move tonight up to a higher level pure currency related. The USD is still strong which is surprising considering the Stimuli roll out - and so we now for Mr Powell to reduce the power of money - regrettably he cannot really reduce the retail bank lending rate because there is none before inflation kicks in!
Well i'm in all the miners at the moment and have seen us over the years the rise and fall but one thing is for sure Hochschild is a survivor. If the precious metal prices remain at the higher level or move up further to 30-50USD an oz which they may well do, as they did 10 years ago, then what happens is the biggest World Fund Managers such as Prudential Assurance will come back in here for sure. I over the years have been served very well with HOC and feel they will be back very soon to higher levels. My old sailing boat builder buddy always told me to build a business on 10 years of good and ten of bad. The good is coming back!! All to their own. Good luck with your choices.
Hi Spindler - Last November time there was a Silver shortage i.e.not enough to even fill Coin orders, and panic in the NY vaults where they could not literally fill their paper orders. Then I saw President Biden is in favour of Solar power and found 10% of Silver produced goes straight into the panels during manufacturing. I also heard that combined with Gold it is a key feature of cleaning in the medical and scientific fields. So it has lots of Industrial usages as well as a Currency inflationary hedge. Sotolo does venture in and out, and so from his post would say he is out hoping to come back in at a cheaper price, but my feeling is to top up more where the main physical price is up by over 110% and most likely to rise as demand from industrials returns.
Hi Carv - I see the last report from Fres was saying prod. was only just down year on year (3-4%) but profits were increasing based on the Silver price. Well what happens when the price has gone up by 110% yr on yr!!! Happy days. Sections from their last report last month below :-
Fresnillo reported "attributable 2020 total silver production of 53.1 million ounces, down 2.7% from 54.6 million ounces in 2019. This includes a 3.6% drop in Silverstream production to 2.8 million ounces from 2.9 million and a 2.9% drop in other silver output to 50.3 million ounces from 51.8 million". However price now up 110% on year so I need to include :-
"Despite the miner's poor production figures, higher precious metal prices in the year carried Fresnillo to increased profit and earnings" -well we are now in a big move forward. ie. not a few % , 50m ounces at 110% increase yr in yr - YES PLEASE!
Hi Sotolo - not an optimist at all - you want to read the most recent report. 25M ounces just added from exploration at one mine and extended life expectancy for another 23 yrs is what I read. See link for encouraging increased 2021 production too.