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The Fed kept interest rates unchanged on Wednesday, but dialed back forecasts for how fast it will raise rates over the next couple of years, citing concerns over the economic outlook. This is important for gold producers and investors as it lessons the risk of USD value appreciation and a weaker dollar means precious metals like Gold and Platinum should rise. The U.S. central bank forecast four rate hikes this year but has reduced this to just two rates this year. On Wednesday updated projections revealed that six policymakers who vote wanted to see one rate hike this year, compared to just one policymaker in March. Fed forecasts also show at least four fewer hikes than previously projected through 2018. The chance for a rate hike in July has been dropping fast recently down to just an 8% chance, from around 20% a day earlier however it has been much higher only a few weeks ago. December odds were at about 48%, compared to 59% ahead of the Fed outcome and in my view that will fall further.

Less than two weeks to go! Think most people who are interested or know about this tiddler have taken their positions now awaiting Final Results 2015. We should get a glimpse of how trading has been post year end also.

Skirted with 4p recently and somehow held on. Don't think we have seen the lows yet. Keep your capital safe in stocks that are increasing profits right now. This can get a lot cheaper, we will see

Excellent result here for you! Still looks cheap but might be a while before it moves higher now. Bodes well long term though

The Fed have held rates, surprising the market it would seem and boosting gold 2% so far in Asia. HGM, CMCL, CEY and explorers like CNR worth holding in this time http://masterinvestor.co.uk/trading/im-going-long-pound-euro/?utm_source=Master+Investor&utm_campaign=1195b0af19-Master_Investor_Daily_Bulletin6_15_2016&utm_medium=email&utm_term=0_25eff0bb7f-1195b0af19-34984745

Looks like a bargain with gold breaking out above $1300/oz DYOR and see where this is in 6 months time :)

This is still poised to fall off a cliff. Someone please explain to me why this is worth what the market currently values it at. All I see are ongoing heavy losses and a writedown of 'goodwill' continuing

Q2 results around 5-6th July

watchlist

SSY has been and will continue to be a safe call in these troubled times. Look at the cash generation in Q1. 150p by December 2018

http://www.bbc.com/news/business-36486454 If you're holding, might be time to sell into current strength. It was only a matter of time with currencies sliding elsewhere and global growth teetering. Maybe no immediate market reaction here but watch those results in the coming months

Think there are funny games being played here with a profitable company. This is another example of everything that is wrong with the markets and why private investors are not interested in buying up what should be considered cheap stock. I'd rather sit it out and be safe until things become clearer. Disappointing.

Took its time but we are there. Looks like this has the legs to go higher still before ex-div day

Lets break £1 this summer http://www.investing.com/news/commodities-news/gold-surges-as-dismal-u.s.-jobs-report-dampens-hopes-for-june-rate-hike-406438

80,000 ounces production by 2021 with current margins is roughly $30m net profit per annum. The company expects cash costs to fall as increased production to deeper levels unlocks key high grade ore. Add to that the gold price will likely be sat much higher by then. So much long term potential with a current market cap of just £35m currently.

Q116 10,822 ounces of gold produced "Quarterly production for the remainder of 2016 is expected to increase progressively to approximately 14,000 ounces by the fourth quarter of 2016 as production from below 750 meters increases over the course of 2016." Q116 costs fell to $689/oz as fixed costs are spread across higher production. Likewise AISC fell to $950/oz The average realised gold price in Q116 was $1,166/oz.. This resulted in gross profits of $3,888,000. Net profits were particularly poor, just $543,000 due to a deferred tax charge of $0.9m Sales for Q1 2016 will include production from the Quarter plus the work in progress brought forward from 2015 of 671 ounces. If we break it down, 10,822 ounces produced for just $689 and sold for an average $1166/oz yields $477/oz gross profit and after AISC it yields profit of $216/oz in the period. 671/oz were produced in a previous quarter were sold on distorting figures slightly but we can see that net profits would have been $1.44m if not for the deferred tax charge. The company provided guidance that cash from operating activities was in fact $1,749,000. If we assume that's just from the 10,822oz PRODUCED in the quarter it means each ounce produced a little less than $162/oz Now here is where things get really interesting :) 1) CMCL are expecting 14,000 ounces in each of the 3 remaining quarters. 2) Already the price of gold has surged much higher than the prevailing quarter. 3) cash costs and AISC will fall as they are spread across increased production. If we assumed margins were to be the same as last quarter than increased production of 14,000 ounces would result in cash from operating activities rising from $1,749,000 to $2,263,000 in Q216. HOWEVER margins have increased! Do we know the exact figure? No, because the price of gold has fluctuated and also so will daily production however we could make a conservative estimate that due to higher production Q216 cash costs will fall to $665/oz and AISC will fall to $915/oz. Between January and March (Q1) gold rose steadily from $1060/oz to around $1260/oz and so the average sale price came in at $1166/oz. What we might expect. The case for higher average gold price sales this quarter is stronger given gold has traded in the range of $1210/oz and $1300/oz. My own calculations across Q2 so far tell me it will be a conservative average of $1240/oz. If we break it down, 14,000 ounces produced for just $665/oz and sold for an average $1240/oz yields $575/oz gross profit and after AISC it yields profit of $325/oz in the period. These are huge differences to the last quarter results showing a surge in profit especially after AISC. And it must be said these are my conservative estimates and I expect the company will surprise us with better margins. Cash from operating activities will be closer to $3,200,000 in my view

Was that your 246k buy on Thursday? Looking good right now with the ASK up to 3.75

Yes give them something to work with ;) If they can't fill buyers demand (and it happens a lot on here) then the stock shoots up. Last summer I witnessed first hand the shortages but I wasn't holding much stock then. During the quiet period that followed the ASK fell to as low as 2.3p and was a wonderful opportunity to load up. If you are prepared to hold for the Q116 results in September there should be good trading opportunities especially if we bounce higher than 4p like last summer. The balance sheet and profit/loss statement is going to be one of the strongest in years.

Love the quarterly dividend and now is the time to be loading up with USD falling, gold rising, potentially lucrative year ahead and the market has barely paid attention. 80p coming

MBO and now SYQ. Add SLP, HGM and CMCL to the bundle and it could be a glorious summer ahead. The offer is coming. £180k is enormous and not without reason.