NorthScot read my posting history, you're confusing me for another Kremlin account..
Why risk it when gold is heading to the moon and easy gains to be made elsewhere? Not to mention there are some right snakes on here posting with Putin's d**k in their mouths
Down! There's a good boy Ruski. Stay there :)
Of the main markets now struggling, I'd guess many watching commodity prices shoot up won't be aware of the small cap companies producing gold like SHG. Low cost, fast growing but still very much off the radar. Nearly all the big producers (minus Russian affiliated) are up today: FRES, CEY, WPM, HOC with PAF even (still up on the month)
https://www.edisongroup.com/publication/capacity-expansion-on-track/30582/
Capacity expansion on track
Accsys Technologies is a chemical technology company focused on the development and commercialisation of a range of transformational technologies based on the acetylation of solid wood and wood elements for use as high-performance, environmentally sustainable construction materials.
Accsys has a stated strategy to expand its total processing capacity from 60,000m3 currently to 200,000m3 by 2025. Reported progress at Arnhem – which we visited recently – and Hull with a new US facility also given the green light, represent significant waypoints on this plan which is very much on track. Given strong market demand, we see no reason to change our primary assumptions for FY22 or subsequent years at this stage.
Resilient, profitable and ready for growth
Manx Financial Group (MFG) offers a combination of relatively fast growth potential and low valuation. Operating income doubled between 2016 and 2020 with only a 1% decline in the pandemic year. MFG’s key assets are Conister Bank, a specialist SME and retail lender, Edgewater Associates, the largest Manx independent financial advisory business, and Manx FX, a currency broker and provider of international payment processing facilities. The ROE ranged between 12% and 17% in FY14–19 and 9% in the challenging 2020/H121. The bank is well capitalised and funded. MFG restarted paying dividends after 16 years in 2021. The shares do not have a very demanding rating at 0.49x 2020 P/BV and 5.7x depressed 2020 earnings, presenting strong share price upside potential as earnings recover.
snaissuR
Could have come sooner but at least the market is aware.
Time for AAZ value to reflect $2015/oz gold and $4.8/lb copper
We are currently selling our silver at a premium to the spot price thanks to hedging.
The Final Results mention
- 4 million ounces of 2022 silver production hedged at $26.86 per ounce (current spot is $25.6)
- 3.3 million ounces of 2023 silver production hedged at $25.00 per ounce (relates only to 2023)
https://www.lse.co.uk/rns/HOC/final-results-mjg3itmha42jmgb.html
Life of Mine production update
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to present its consolidated Life of Mine Plan for the Syama gold mine (Syama) in Mali and the Mako gold mine (Mako) in Senegal.
Average annual production of 370koz over the next five years to 2026 at an AISC of $1,191/oz
Total LOM 12 years of gold production totalling 3.5 million ounces (Moz) at an average AISC of $1,110/oz to 2033
Average 243koz p/a at an average AISC of $993/oz over the current twelve year mine life to 2033
Syama Oxide production extended from 2023 until 2026 following 90% increase in satellite resource
Tabakoroni Sulphides to begin in 2026 with 664koz production over an eight year mine life
Mako production of 607koz at an updated average AISC of $1,071/oz over remaining six-year mine life
Resolute's CEO, Mr Stuart Gale, commented: "Our latest LOM plan reflect an improved production profile over the current 12-year mine life at Syama incorporating the successful exploration campaigns which have extended oxide production for an additional two years together with exceptional drilling results at Tabakoroni. This allows us to defer the development of the Tabakoroni Sulphide mine as we continue to assess and optimise the plan for the development of this resource.
"Syama has a significant gold endowment and there is still a great deal of exploration to be undertaken in this area. We remain very confident that the Syama operations will continue developing and extending beyond what we have published today.
"In addition, we remain focused on identifying further extension and development opportunities at Mako in Senegal, where we also expect to extend our mining activities beyond the current mine life."
Simply not true buffa, they are targeting companies in waves. Any that use Western markets to raise funds, including from sale of stock are in the firing line. Last week, a subsidiary of Russia’s second largest bank, VTB, was the first firm suspended on the London Stock Exchange as a result of sanctions introduced following the invasion.
On Thursday, LSE chief executive David Schwimmer said "the suspension of further firms would depend on updates to sanctions and issues maintaining an orderly market."
Doesn't sound great if your main operation is in Russia and your main client is now the Russian Central Bank..
https://www.countypress.co.uk/news/19968828.london-stock-exchange-suspends-trading-eight-russian-firms/
anon3 sanction me harder
The fire sale of Russian tainted paper continues..
180p come on comrades! Buy before it's too late XD
Possibly some confusion coming out of the Kremlin, waiting for the Rusbots to confirm
Millions of roubles. Not much then..
RB - I think it's passed gambling now. The company's ability to refinance was already on shaky ground and now only Russian interests can step in. As soon as that becomes apparent to UK authorities the plug will be pulled.
This was is costing Putin $20 billion every day. The rouble is dead on it's feet. Russian banks can't dispose of their gold legally except through China. The price of commodities is rising because no one is legally able to purchase Russian controlled commodities. So even if the RCB wanted to dump gold, they can't. China are for now observing the sanctions and it's banks are apparently not touching Russian gold either. They can probably offload some but certainly not make up for the billions of dollars worth of economic damage being wrought on the Russian economy.
I read the Russian military cost is in the region of $20 billion every day now. The Russian economy is set to shrink by 10% or more and rouble asset damage is going to pull the rest of the economy under if it continues.
https://www.devex.com/news/china-based-aiib-and-ndb-halt-work-in-russia-as-sanctions-hit-102787
https://www.reuters.com/markets/europe/rouble-mixed-near-record-lows-volatile-moscow-trade-2022-03-04/
Plenty of Kremlin disinformation trolls on these boards the past few days encouraging ordinary people to keep buying while Russians sell. The company is going to zero. It fell from more than 400p back in 2013 down to below 5p before Russians fleeced holders. If POG survives it will fleece ordinary holders again. Do yourselves a favour, sell and avoid.
The only uncertainty as we are seeing today is the withdrawal of 'Russian money' (for lack of a better term) from Western markets that appears to be impacting the wider market sentiment today and over the past week.
Western sanctions are likely to become more widespread. Market volatility has certainly increased this past week. I think you're right that gold stocks like Pan African remain undervalued and should begin to see more interest, especially given gold is on track to break through $2,000/oz this month.