RE: Reason for the rise30 Nov 2023 14:33
@ speedymeadie, "I do not buy into the idea that there is a big buyer out there nor do i think our JV partner is looking to buy us out, they are much too busy at the moment."
Hmm, IMHO, I don't agree on the first point, but I do agree with the second point (although, with a massive corporation like Newmont, IMHO, "too busy" doesn't come into it).
IMHO, there is a big buyer, or buyers, out there, and it's not, by any means, just, or even mostly, the gold price. It's more about impending news, and the way that the GGP sp has been manipulated/shorted for some considerable time now. Some may call it FOMO now, and that's also part of it, for sure, but, whatever, we're now just STARTING to maybe get to a level where we should be, not at the ludicrous, manipulated prices we've seen for too long.
I agree on the potential for the POG over the next year, or so, but I just don't see it as the major factor in the recent rises, which, BTW, I expect to continue too.