Member Info for Supercharger

I didn't click on your link as I fortunately already know there is a shortage of Silver, in fact three months ago not enough for Silver coin orders in New York. As you say also a lot of outstanding order some very big to come too.
I also heard that Barrick have been talking over Gold shortages coming too. So this is one good share to hold especially once the Stimuli even if in parts gets approved (which it must) in the next 2 weeks. In short the USA economy is now lagging UK and China and they need to act fast to be competitive by injecting cash!

By increasing UK debt. Excessive spending, promoting inflation and by decreasing the value of Sterling! This will all help us in the precious metals miners where our earnings come in USD converted back into a lower Sterling = increased profits!

By increasing UK debt. Excessive spending, promoting inflation and by decreasing the value of Sterling! This will all help us in the precious metals miners where our earnings come in USD converted back into a lower Sterling = increased profits!

By increasing UK debt. Excessive spending, promoting inflation and by decreasing the value of Sterling! This will all help us in the precious metals miners where our earnings come in USD converted back into a lower Sterling = increased profits!

Silver price bound to rebound - No thanks to Mr Dimon, but Biden will do his best by 14th March!
However most seem to miss the end results which speak more than looking far too deeply. Next thing we will have someone reporting a dumper truck has a puncture which will affect production. When a Company makes Pretax profit from continuing operations tripling to USD649.7 million from USD171.7 million the year prior, were would they want to invest TUI, IAG, we have not yet seen the end of the Pandemic debt piles. Pretty sure the Reddit boys will be back here soon where they will see true value. I am prepared to hang on and see a return. Once this behemoth starts moving it will return some even bigger numbers of production I am sure. Remember also this is not a one trick pony it produces vast mounts of raw materials whether precious metals or for battery power!

Too cheap by half in my opinion. How many other firms during a Pandemic can report (per Morning star the LSE advisory):-
Pretax profit from continuing operations in 2020 rose more than tripled to USD649.7 million from USD171.7 million the year prior.
Earnings before interest, tax, depreciation and amortisation jumped 74% to USD1.17 billion from USD674.0 million, in line with market consensus.
Perhaps the likes of Barenberg and Peel Hunt (known shorts) have had their own reasons for their own comments!
Sooner or later other analysts will see the wood from the trees I am sure.

Should get us off to a good start tomorrow. Silver and Gold also well up in expectation of Bidens stimuli I suppose. This share as well as Fres and CEY will come good!

By saying they have risen today 6.73% as the only US supplier of Rare Earth with China now saying that they will cut the supply to the USA.
It would appear as if Hochschild's venture into that same market has gone unnoticed? Or perhaps someone will pick this up later and we will respond.

Looks like they released results today per HL that Barrick made over $1 a share. They clearly are currently cash rich and at this rate as many have reported on here with them now showing an interest in Egypt could indeed unfortunately come in here with their small change. Just like they did when they took Randgold Resrouces and Acacia Mining off the FTSE. Bristow being based in Jersey when running Randgold will be well aware of Centamin too. We may need to watch our backs, and I wonder if that is the reason for the 60 day extension the Egyptian Govt have given the bidding process where Barrick as well as Centamin have both shown their presence. He makes deals on managing benefits with scale and so I can see his thinking with this one with any proposal which must be running through his mind.

Very good results for the mining sector today. i.e. Rio Tinto and Antofagasta (up 5.47% as we speak) gives us hope our Management will want to compete and be competitive with our peers!
The same should be true for Fresnillo, fingers crossed!!

Should have some very comforting forward statements. Like you have all said Silver is at a wholesale shortage and even B/Rock for their Silver specialist fund said as much yesterday- they just can't get it.
So it looks as if demand will underpin wholesale prices for a while yet. Hopefully with production coming back strong we can make the most of it here.

Ie. Why not exchange Gold for Goods, or Gold for Currency that buys goods. It seems the advantage for virtual currency is to conduct business where the trade owners cannot or are not identified. I hear moves are afoot to track down who uses it and then it can be seen if it actually continues. Govts will need to identify the users one day as it everyone uses it why do we need trade borders and it will be the end of the likes of trade organisations and tax's on goods too.

I did not realize go much of the precious metals were used in the medical profession but I suppose due to its purity it was bound to be. Interesting article on medical machines and protective equipment and the increased demand :-
https://www.miningmx.com/news/gold/44917-gold-and-other-metals-expected-to-soar-as-world-roils-from-disease-social-discontent/

I didn't realize so much was used in the medical industry for med.equipment and machines, protective gear etc. See link :-
https://www.miningmx.com/news/gold/44917-gold-and-other-metals-expected-to-soar-as-world-roils-from-disease-social-discontent/

Interesting article in Mining Mx. We know we have interests there, we know we have Gold there, we know the Management have been awaiting for the political climate to get better, perhaps now is the time to start producing. See link :-
https://www.miningmx.com/news/gold/44922-west-african-resources-cuts-net-debt-to-101m-as-sanbrado-run-rate-continues-to-build/

I decided to do my own thing when I asked for my employers pensions advisors "St James Place" rate of commission and was it a state of shock what I found out what they took (from memory I think it was as much as 7.5%). So they were quickly taken off mine as my advisors. My Father in law unfortunately died and had a local country village business we found the partner had taken all the money and so I decided to close it down and develop the site. In the end I built one house for my own Father, and got another three approved. I ended up selling three new plots, one new house and had the old house still to sell. This is what has really set me up for life. I earn't more from this in two years that the whole of my 37yrs at Lloyds. I still would have preferred by Father-In-law to be alive however as I loved him a great deal he was a real Country Character and what he would have called himself "a good egg!" After having been brought up in SE London he taught me the rules of the Country. I still miss him today.

We all have prop too don't we. However for the Financial Mkts Pru and others do look towards the Far East for faster current growth particularly India which they feel is the fastest growing economy - even faster than China. The Barclays CEO went out on air to say recently London is not bothered about the Amsterdam and Frankfurt Mkts, they are more interested in the USA. London and Singapore. So our EU brothers are not the shining stars they think they are for big business-perhaps. London will always be on the Central Time line and this is to our benefit.

Without taking into account any costs of production using the latest lower end of projections we have :-
31,000,000 ounces of Silver for 2021 x current Silver price at close of USD27.36oz = USD848,160,000 (Gross value)
360,000 ounces of Gold for 2021 x current Gold price at close of USD1824.77oz = USD656,917,200 (Gross value).
So on current prices the value of the pure Raw material mined (BEFORE ANY COSTS) is greater in Silver than Gold. 56.35% to 43.64%.
The better news is they project for Gold an increase in output for the actual achieved 207,080oz to Gold equivalent of 360,000oz, the increase % for Silver is also expected to be the same. So the future looks good if they get a clean run!

South American and Mexican relations are looking to improve with President Biden. Silver price is now up over 55% for the year. President Biden in favour of Solar panels/energy where at least 10% of all Silver produced in the World is sold. The Fres price has suffered due to lower Pandemic production than normal but likely to come back as Hochschild have recently disclosed. If the USA Stimuli is approved it will help the precious metals market for Gold and Silver. I also see that their results did improved well for Zinc and Lead which goes into lets face it the making of batteries and battery power. So this Company has a lot of short term and longer term growth potential. In August 2016 this share was almost GBP20 a share. i.e. Almost double the current price!

Yes he does it for fun - Like we do really!