Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Today, the POG has hit another record of $2141.
Yet the WSBN sp has dropped again.
This has to be one of the cheapest, if not, actual, cheapest, gold mining explorer sp's currently, and in the Paterson IMHO!
I increasingly now believe that any, even medium hit, at Red Setter, and/or Cottesloe, would rocket the sp to multiples, very quickly, but especially with the small WSBN sp free float.
Yes, it's high risk, sure, but there's risk, and there's a 'no brainer', IMHO.
Personally I think we'll be seeing the usual, "I just wish I'd bought in at x p" soon now!
...$2140..
Onwards, and, apparently, still, upwards!
Hi Spy! Sure, that's of course true for a lot of people, and I totally understand.
Personally I'm maybe lucky, but have only, this year, been able to place all of my, many years, GGP investments, into an ISA wrapper. But, then again, GGP is now about 75% of that ISA total! Scary for some, but not for me!
With that extra £5K (T&C TBA) it allows anyone to buy in/top up, at these ludicrously cheap prices, IMHO!
GLA & DYOR! TT
Chancellor will introduce a brand new British ISA, which will allow an ADDITIONAL £5000 for investments in UK equity, each year. This will be on top of existing allowances.
Just in case anyone missed it, gold struck $2141 yesterday, before dropping back a little to $2131.
Today, we're currently at $2135....
Just to follow up on that, Shaun Day stated last year, "...In addition to that, just to remind people, we have a really strong last right of refusal. We would absolutely pursue those rights under a scenario but our base case is really good too, we own 30% of a world-class asset that will develop a stream of cash flows that we can leverage..."
REVIEW OF HALF-YEAR RESULTS (unaudited)
- Closing cash position of £12.7 million (30 June 2023: £31.1 million)
- Havieron project costs capitalised of £12.3 million during the half-year (31 December 2022: £12.2 million)
- Closing debt balance of £41.1 million (30 June 2023: £41.5 million)
- Net assets of £49.9 million (30 June 2023: £52.5 million)
- Loss before share-based payments and finance items of £5.5 million (31 December 2022: £3.5 million); statutory loss of £5.5 million (31 December 2022: £13.3 million)
- Exploration expense of £2.7 million (31 December 2022: £1.7 million)
Https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xljk33r
Half-Year Report
The current price of $2115 is just $20 short of the all time high gold price of $2135 from 4th December last year.
Yup, it's just hit $2100.....Where from here?
Moving up after US opening...Up to $2095...
...And in Oz Dollars...
https://www.tradingview.com/x/mcdJ0u4K/
Currently @ $2082, having hit $2087 earlier today....
https://www.tradingview.com/chart/oTBPJdKb/
Indeed! However, it's also not just a case of buying in then either, because potential buyers, especially retail, will probably be locked out much of the time...Computer says NO! If you snooze, you lose!
$2050 just breached...
I'm sure that Shaun Day and the BOD are up to date, and more than well researched, on every possible scenario going forwards, and have, no doubt, been in discussions with many parties. This is their job, hourly, daily, weekly, monthly, annually.
Just as one example, he was discussing the J/V with Rio Tinto for a year before it was concluded and announced.
We probably have the most 'overqualified' BOD in the global gold mining business, with industrial & financial connections better than any, maybe even Newmont.
I'm sure they're not all sitting around twiddling their thumbs!
"Meanwhile, another narrative shaping up for the precious metal is the BRICS alliance – the intergovernmental organisation that originally comprised Brazil, Russia, India, China and South Africa and has grown to include Egypt, Ethiopia, Iran, the United Arab Emirates and (possibly) Saudi Arabia, which a month ago was reportedly still considering its invitation.
The alliance has strong ties to gold. A BRICS currency is being floated as an idea at present, raised and pushed at last year’s BRICS summit in South Africa, with the strong possibility that the precious metal could form the backed basis for its international exchange.
And, according to the Russian News Agency South Africa’s ambassador to Russia, Mzuvukile Geoff Maqetuka, has reportedly said 25 countries are on the waitlist to join BRICS.
If that’s true, then that’s another 25 countries presumably looking to buy/stockpile more gold, if they aren’t already.
According to data from the World Gold Council released in January, BRICS nations were the biggest buyers of gold in 2023, with China, Russia and India in particular stockpiling the gleaming metal like Smaug from The Hobbit.
China alone added 225 tonnes of gold to its reserves in 2023.
The WGC also recently noted that central bank global reserves have risen by more than 1,000 tonnes in both 2022 and 2023, with China leading the way...
https://stockhead.com.au/resources/gold-digger-hello-yellow-brics-road-25-countries-reportedly-on-waitlist-to-join-gold-loving-alliance/