Yep aprog. I just realised that I was in calendar years not financial years. But my basic idea is the same. Over the past period, the message has been 2koz per month by the end of the year. They must be careful not to get too fudgy now on exactly when that is. In the bigger picture, a month here or there really doesn't matter and I ultimately don't care if they round down the difference. But if you repeat a target like a mantra, punters are going to hold you to it and get nervous if the message starts looking different. I'm comfortable we're still on script. But I hope the messaging remains unambiguous and clear.
I dont think it was clarification as such, but spin that required context. The previous spin was, "we'll be producing 2koz from the end of this year." That slide said "by the end of next year, we'll have produced 24koz for the year". One promised jam in six months from now. The other tells us how much jam we'd have enjoyed 18 months from now. Now (ignoring the question of incremental improvements for the 12 months of 2023) those two statements while promising the same thing, are speaking to two very different groups of investors. The first group got a little spooked by the change in messaging. That was an oversight.
I just nibbled another tiny top up. Can't say "no". But I'm going to try be more disciplined this time round and top up further on rises, not falls.
As far as ads go I've ended up in a hilarious Wish viscious cycle. Because I post the funny stuff they try sell me on social media, I click on some really dodgy cr@p.... telling their algorithms to sell me more. Its brilliant. Helmets for chickens, anyone? D!ck shaped coffee mug? See though kilt? I got ya covered.
I was absolutely 100% convinced that we'd have a 7.30 RNS this morning. Could it be that that a nice rise on decent volume to start the week was just a random, value driven push? If so, I'd imagine that when the news driven real deal happens, it will be even (quoting those famous economists at Daft Punk) longer, better, faster, stronger.
I'm very happy with today's price action and importantly volume. We don't need to do the week's work in just one day. Once we get some news, there will be plenty more upside. Also I'd far rather sellers leave happily, a few pounds richer on a good day, than in a crush at the exit on a bad day. They'll be back for more, soon enough when the fomo kicks in.
RE: End of year price predictions?05 Aug 2022 08:37
I like where your thoughts are at, aprogerson. If I can be presumptuous, I think we're occupying a similar head space, in that we'd be neither surprised nor dissapointed to see this share price double by the end of the year?
RE: End of year price predictions?05 Aug 2022 07:37
On the obvious disclaimer upfront that I'm no expert and listening to anything I say is stupid:
At the current POG, I'm hoping for around 1.3 to 1.4 for December. If we are at a better gold price of say around 2000, then maybe 1.7 to 1.9.
Important add here, that these targets are on gut feel and have have been pulled directly out of my rear end. If I were to apply any sort of rational mathematical valuation they'd probably be quite a bit higher. Just that we haven't seen any sign of any rationality in junior gold miners for some time now. I'm not sure there's any reason to think the markets are going to become reasonable, clear thinking places this Christmas. For all we know equities could be in full blown meltdown then. Although even in that crash scenario, I can't see us lower than the current share price.
Who knows? It a bit of a guessing game and 6 months is really just around the corner. I'll be delirious if you're right (and I don't exit too early, as is my habit). It just might be too soon to climb quite that hard.
I know what you mean. His accent is classic Afrikaner farmer stock. It's a very down to earth culture. There is an almost definitive Afrikaans saying, in respect of solving problems and dealing with difficulties which goes" 'n boer maak 'n plan", which means ,"a farmer makes a plan". Classically, no nonsense. I can't imagine him losing too much sleep over his pronouns :)
Hey onlyoneshare. I'm from that part of the world. I hear it pretty clearly, as, "We have the dream of being a full East African gold mining company. I would like to see that that happen'.... 'that we are at least, 4 or 5 different East African companies',
I imagine that when he says we are at least 4 or 5 "companies", he perhaps means "mines" or "operations". I can't imagine they've included a corporate legal structure in their dreams?
Evening gents. I haven't joined the discussion today as despite reading and rereading the statement a number of times and following the comments, day's trading and metals prices, I still can't quite figure out the drop. I get the longer term dissatisfaction. I feel that too (started buying at 34 and backed the truck up in the low 20's, then traded and averaged down to around 18).
But why today's drop specifically? What in the RNS would anyone be bothered by? Were punters hoping for hints of a sale?