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Hi Nige_W

I'm not sure the market will follow your rules in current climate. There are fears a no deal will spark a recession as the highstreet retailers are already struggling to compete with online stores and add to that job losses, tariffs and a weak currency. Inflation rises, but not because of strong sales at home but rather the cost of importing rises and with it the Bank of England will send our rates higher. All bad for growth, companies that rely on debt and falling demand as fewer people will settle here than in previous years.

I subscribe to your strategy just not with this particular share as I feel it will be pulled lower and significantly so in the coming months as a no deal becomes apparent.

GL

Sure this will be a safe place to hold in the next 6 months, good place to weather the coming BREXIT storm

Can anyone confirm TW are expecting to pay dividends of around 18p over the next year? That's around 12%! Surely the falling share price to date will find some support with the prospect of dividends yielding 12%+

uncertain - not a shareholder here but interested in your discussion. CEY are almost certainly selling their gold priced in US$ I would have thought but if the GB£ were to theoretically jump 10% against the US$ it would likely do similar against the EGY£ too.

I think we're all agreed it wouldn't affect the pricing of gold bullion sales nor costs. Assuming the market cap and therefore share price doesn't react then all that has happened is the dollar valued assets held and income being generated devalues against the market value here priced in GB£

The company's valuation on paper will look more expensive compared to it's assets but then again it already looks cheap given the fall commodity miners have suffered this past year and in particular the last couple of months.

BREXIT isn't suffocating the miners right now. It's the strength of the US$ first and foremost and the methods being used by the US to achieve these results using tariffs, encouraging emerging market weakness and fear of contagion dampening economics growth plus the continuing rise in US rates. The USD will weaken as rates rise causing the deficit to expand faster than new economic growth can be created. Think about it for a second, unemployment is already near record lows, wage inflation for the vast majority is flat but the privileged few are benefiting. Tariffs are not good for anyone and most economists agree tariffs are bad for global trade in general. What will occur is inflation of goods imported will rise, rates will rise in tandem and markets will ultimately have another crisis of confidence in the US ability to repay debts. But I don't suppose they will be the only economic power to suffer, the EU could be tested like back in 2011 on fears of debt default again. Where the GB£ will sit in comparable value I wouldn't like to guess but gold and silver to an extent should rally once confidence begins to wane in the US$.

Last quarter results were above average I believe however assuming only 20,000oz gold per annum at costs of around $550/oz, throw in the silver credits and gross profit looks to be $800/oz as reported. With income (50%) treated as an investment, taking into account other expenses, taxes, royalties and some room for unforeseen costs etc I'd say AAU are on track to make $5.6 million which is about $280/oz. Not sure what the near term catalyst will be but come the next set of Interims the market value should begin to reflect the changing fortunes of this company.

A bit late to the party but just topped up with all my BKS offerings after a good run there. This seems to be gaining traction now!

3.85 to buy looks cheap but there must be a reason it's down to this level today. I suspect this hasn't bottomed yet.

Mark has said in the past that companies have been in talk with CNR but the 'timing' was not right then. I doubt he would sell the company on the cheap. The recent interview he did in London which aired a couple of days ago talks of a major coming on board at a premium to help finance and I suspect guide the project through, which would ultimately make financing an open pit easier. The problem is given the political turmoil in Nicaragua it appears interest may have dissolved hence the rather stiff sounding interview. I don't doubt there are potential suitors but now is probably not the right time.

around $700/oz reported, the company have said for a while they have a "10-year business plan which is profitable at a long term gold price of $1 000/oz" but I am not convinced they will strengthen given issues with the governing regime and the continual fall in value of assets and write-offs on the books. HGM are paying a 4.7% interim dividend thereabouts, benefit from the rouble weakness and should continue to chip away at net debt. They are my lifeboat recently in the current climate of falling miners like RRS, FRES, CEY, HOC etc

Curious to hear shareholders thoughts on THR and why this company is a better investment option than say WRES for Tungsten exposure, cheers

you do realise black hills were rock chip samples and not intercepts right?

Well done holders!

Did anyone see anything in the media over the weekend? For the company to come out and confirm discussions it must be a recent development, good for those with prior knowledge buying in on Friday!

Doesn't look like topping out just yet! Must say this is quite a surprise in the current climate with markets collapsing all around

From my simple analysis the UK markets are falling and have been for a while, only now it's becoming more obvious and more widespread. Trumps tariffs and trade wars, the concerns over BREXIT as well as weakness in emerging markets are major concerns and this is why we are seeing opportunities like RPC back below 700. Still it will probably go lower between now and March.

http://www.proactiveinvestors.co.uk/companies/news/204363/pan-african-resources-flagship-asset-is-gift-that-keeps-on-giving-says-ceo-204363.html

Received my paltry sum of a dividend today at least. Doesn't even begin to make up for the losses accrued here but will bide my time and wait for markets to turn.

FRES, HOC, CEY, HGM, RRS all down and looking good value.

Tough day for some of the big commodity traders, BHP down almost 5%, Glencore by 2.8% and Antofogasta by 2.6%.

7 Sep Ex Div

https://www.bbc.com/news/business-45434623

Cryptocurrencies having a rough patch at the moment. I could see this pulling investors towards more traditional safe asset classes like gold if the trend continues. But I don't expect a collapse anytime soon..

*reminder* check trading volumes for next 3 months

Preliminary results last year released on 5 December.
Volumes increased in November, share price began to creep up
The weeks following update were particularly strong with the share price rising from 690 to 860 level
Secondary wave from early Feb to end of tax year with the share price rising from 825 to 1170

Nb. DWHA remains at more than 50% discounted and has been for a while. Potential for the gap to close to historic 15-20% discount. Catalyst might be further Company purchases of the 'A' non-voting ordinary shares for cancellation especially given the continued strength in DWHT's share price.

Probable hike of YE Dividend to around 8.5p