Member Info for Supercharger

Always felt best to get an agreed quote price and buy at the best price in one hit rather than try and hide. Notifications for the wider market take a few days to administer anyway -our Colominan friend did not buy on the day of the release. I would fear breaking any rules if it were me working for the banks today. Luckily I am safely retired early and away from all that politics. So from all of the experts on this board with all the projections last night -have you worked out who won?

They see no reason to do so. Everyone knows that Sterling is likely to come under pressure whilst we have Corbin out there slinging all the dirt of an NHS takeover or whatever suits the argument to promote his cause. The polls are reducing the conservative lead and this will continue which could affect business confidence and less is what shorters will feed on. In fact the devils that they are they may even increase their positions going towards the election.

Understand this is not unusual for Companies or individuals to simply put through a line to maintain a larger number of transactions which is useful to keep per unit dealing costs down where a contract or agreement is in place for reduced costs for a larger number of transactions. I would not read too much into this as even my bank does this. However if there was a big buyer out there why try and hide it as they would need to disclose it anyway under Stock exchange rules. I would not read too much into this. A line of Blue can soon turn red, the key is large numbers. Todays volume is just about up to the 90 day daily average so not much overall going on regrettably. Just be patient.

Colombo has investigated and found further evidence for disclosure under short tracker shows now sign of a reduction overall. Last short activity was on 22nd November - 5 days ago, nothing today?
Certainly no worry from them to be honest of a takeover and share price rocket - regrettably.
See ink :
https://shorttracker.co.uk/company/GB00BZ6STL67/
https://shorttracker.co.uk/company/GB00BZ6STL67/

US Markets closing from tomorrow until next week for extended thanks giving holiday so I doubt much will happen this week from the US now. However China production figs tomorrow might give a clue on the Chinese slowdown. The US China deal is starting to take absolutely ages to get even a mild stage 1 deal so no-one believes that a total deal will be done before the US elections next year. So watch the Gold prices and interest rates. it might be a good time for me to start thinking coming in here in a quiet market towards the end of the week if we do drift lower? Time and patience is the key here.

I am not playing games as you will see what I write quite often is the case. I can look at these things from the outside.
This share will come good it just needs a little bit more time. I would suggest the time to steam in here is just before the election that's all on the back of all of the uncertainty. I regret I do not see stake building as this is not reflective in the price.
I may be wrong but I will try and follow my own advice nearer to the election when I hope to buy a new raincoat. Just be patient. Colombo always got there in the end, sometimes it does not take 5 mins as overs were suggesting last night, All here must be realistic and not hang their coat on it.

How's it going todays chaps? I had a lay in today after posting at 1.am, I suggested we would move up in early trade and then settle back lower. I was hoping we would still at least make 10% - Jokes were made about my comments but have I got enough money here now to buy a new raincoat?
Regret I will stand by what I said I cannot see any major player coming in here until sterling falls which is likely as Labour gain momentum in the polls. Perhaps if sterling falls just before the election this is the time to come in here. If Labour do get in expect interest rates to rise? This might help the balance sheet which is the thing still bothering me.

LTI -nice one and well spotted "one thing is still bothering me" -however but agreed he got the result in the end.
I still have a feeling the shorts might just be Gin and Tonics and we have no Cigar - but lets see.
Good luck for tomorrow whatever your persuasion.

I agree with you chaps I did not see the update that bad and if the precious metals prices rising many suspect the chances are profits will not be affected and might even rise, as with a slightly lower production costs will fall too. When a Company projects it will produce 37m ounces of Silver instead of 39 I see the price of the commodity will have more of an effect on price than say a 5-10% pull back in production, and it is understandable for the Management to conduct surveys and other management reporting to plan the future. Who knows they may have other partners thinking about coming on board here and that is why they need an audit?

Mark who knows all that happened today was a New York entity reduced their shareholding and another bought in for 5%?
That's all I do not want to take away all the thunder but major investors only buy when everyone else is selling not buying. Do not expect Colomo coming in here unless it suits him to do so. In fact if the price went down he is more likely to do so. I appreciate all hereon are looking for a lucky break but we need to be level headed here. It might not even change very much why the rush? If the M&G came in here for 5% no one would say anything, unless I am missing something. Maybe others can tell you why it will go up 100% or more? I see it more than likely go up in the morning and then come back slightly in the afternoon. What with all of the Uk election distractions it could go up 10%? Colombo may buy if sterling falls closer to the Election perhaps he has dipped his toes in the water - who knows?

I am certainly not a shorter but I would not be surprised to see an Alton Towers helter skelter tomorrow. Steam in and buy loads more if you want.
I would like to see more signs of a recover in the balance sheet first. I actually do not mind paying a higher price if the Company is in a position to support it.

Careful chaps -If Colombo sells up on the rise you are back to square one, and I still have my reservations when a man has made himself so wealthy he has not done this overnight. He may just be having a bit of fun, or after a small Christmas bonus.
I wish you all good luck however as you have all been long suffering here.

I think there is some confusion with the releases to the LSE which might explain why no sudden jump in prices. The last release was actually a reduction in holding by our rich Colombian's investor not a final push? The previous level of their holdings also does not match the previous release. I am wondering if some releases are not yet out - so be careful? I am confused. i.e. Release first to show a holding of 4.28%, then a final release today at 3.30pm to say the holding has been reduced from 6.77% to 5.09%. So did they buy more hoping for a response and then sell again? Or are we missing the release for the increase to 6.77%, before the late sale back down to 5.09%.

Good spot Cowichan. This must help us here.
Plus only just now did the President of the US has issued a tweet he has met up with Jerome Powell and discussed the price of the USD and his feeling on lowering the US rates.
The US gov. is giving the Fed the license to lower rates and this will help the price of the Gold.
I must admit I like it when Mr T starts tweeting and he is back off his break. I am sure he is a Gold mining shareholder. I also cannot see the price of Gold diving instead I also cannot see the Chinese wanting to rush into a full scale deal with the US. The fact Mr T wants to lower the price of the USD makes me feel he needs help which is more then he is getting from China. I see also no reason for CEY not to have met already what they have set out as if they had encountered problems we would have had a release by now. I have a feeling production has either met or improved on what the doomsters are saying but I may be wrong but if it was a dramatic change for the worse we would have heard something by now - In my opinion.
Gold chart today is showing Gold up to USD1473 and rising quite fast. -happy days.

Looks like Razor they did know something as Gold now moving back up today quite nicely. It looks like as you say we are pretty safe here for in this share for the time being, so not the worries as with other shares.

Hi Razor agree with you they now own 11% and this is a very positive move. Even 1% extra is a lot of money here (well more than I can afford anyway), ha.ha.
What I like is actually the fact they are not stupid and they control the GDX and set up the ETF's register. They know something about their Gold market. This as you say underpinned our investment here and they see CEY as a good opportunity. They mush also see demand for ETF's increasing and the prospect of Gold prices rising. This will happen in my opinion especially if any US -China deal collapses, or gets postponed which with the US elections next year most suspect is highly likely. Good luck and ATB.

I was notified of Van Eck taking a major interest over 11% in Centamin this morning and so I am very surprised we are slightly down. We should be flying. Van Eck were the firm that set up the US ETFs index see link to an article I found. Certainly worth having on here they also run the GDX :-
GDX: Market Vectors Gold Miners ETF
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BY INVESTOPEDIA Updated Jun 25, 2019
The Market Vectors Gold Miners (NYSEARCA: GDX) exchange-traded fund (ETF) is the most liquid vehicle for investors and traders to gain exposure to gold miners. The ETF was established in 2006 by Van Eck Global in the midst of gold's bull market as securities were created to satiate the appetite of precious metals investors.
Since its inception, GDX is down 55%. Gold is up 81% over the same time period. This is unusual, given that gold miners' revenues and earnings are tied to gold prices. However, the divergence is due to gold miners' management teams cutting production just as prices rose and expanding operations just as gold prices peaked. This mismanagement has led to frustration for many gold miner bulls.
GDX tracks the performance of the NYSE ARCA Gold Miners Index. Its holdings include most major gold miners listed in the United States and Canada. Some of the largest holdings of the ETF are Goldcorp (GG), Barrick Gold (ABX), Newmont Mining (NEM), Franco-Nevada Corporation (FNV), Newcrest Mining (NCM), Silver Wheaton Corp. (SLW) and Agnico Eagle Mines Limited (AEM). The index is market cap-weighted, meaning that larger companies are given more representation.
Characteristics
GDX is managed by Van Eck Global, which makes adjustments to holdings based on changes in the NYSE ARCA Gold Miners Index. GDX sports a very low expense ratio of 0.53%. Additionally, the stock trades on the New York Stock Exchange. In recent years, public interest has spiked in gold and gold miners due to concerns surrounding monetary policy. Commensurate with this increased interest, volume has steadily climbed higher.

Suitability and Recommendation
GDX is particularly risky. Investors have to be mindful of gold prices as well as the mining industry. As its lifetime performance shows, a rising gold price does not necessarily mean that GDX will also rise. However, a falling gold price certainly ensures a decline in GDX. However, in the right environment, GDX can deliver spectacular returns for investors. From October 2008 to May 2011, GDX rose nearly 300% as gold climbed 150% over the same time period.
For these reasons, GDX is considered speculative and is appropriate for sophisticated investors who are comfortable with the risk. The ultimate driver of GDX's price is earnings from gold miners. In the short term, the largest variable affecting earnings is the price of gold. Determining the price of gold is notoriously difficult due to its lack of cash flow and emotionally driven buying and selling.

I regret the Uk and European economies are not showing much growth and if anything the rates will have to come down further to encourage it. The margins for all banks will get tighter. I do not see much takeover action here before the general election and this might be the time for action from me if the result comes about in favour for the Uk.
If after Brexit we get inflation through rising prices and the economy cannot expand to take up the slack I can see interest rising to support sterling, but we are not there yet. I see after the election as the time for Lloyds or any other bank to look at MTRO but I will wait and review on a daily basis. I agree every day the share gets cheaper it becomes even more attractive and so this is why I do not see anyone rushing in here for a while yet, but I could be wrong as like anyone else we all make mistakes. I am sorry for anyone losing here as we have all done it but it is a case for just holding out for the tide to turn unless one can get out now without too much of a loss.

https://barrick.q4cdn.com/788666289/files/doc_financials/2019/q3/Q3-Quarterly-Report.pdf

At the moment I would say hold. I feel the election if it goes the wrong way will help the stalkers as afterall 95% of the book is loaned out. If in housing and Labour get in I feel there could be an affected on the loans book with falling prices? Only my opinion. The Company may need to raise capital and could take in a partner to begin with (i.e It might not be a straight takeover?), but lets see if the price goes down what it has climbed over the past week I will come in here and take a risk.