Member Info for Tommo1985

Once this finishes filling it’s cheap hedges (70000 oz this quarter) and reverts to 15000 per quarter hedges with the rest at $1700+ USD, this will become a massive cash cow. Especially if the gold price rises.

That process is underway and from 1st July profit goes through the roof.

Are RAB keeping the shares or just selling them immediately for whatever profit they can get?

Not sure if anyone watched his presentation at winnifriths show at the weekend. Day after the show £3.7m placing at 0.65...

There should be value here it’s just galling for shareholders to keep getting diluted.

As a higher cost indebted producer with previous production issues, this share has been battered down in price.

It is a heavily leveraged play on the price of gold. If they get production right - as they have done Q1 - and gold roofs it as much as expected (above $2000) this is going to make shareholders pots of cash.

DYOR, my position here is locked and loaded.

Looks to be:

officeoftheceo@aviva.com

Shorts running at about 6%. https://www.shortman.com.au/stock?q=RSG

Wouldn't it be unfortunate if there was a short squeeze here.

Good results IMO, they are on target (with a bit of leeway actually) for their annual production target.

Plenty of them Tbh. GKP, XEL, AMI, LMI. There are quite a few actually....

Rio down from 4677p to 3679p in a month, -6% today.
AAL also down from 2250 to 1850 in a month and -5% today

The markets clearly don't share your confidence.

Question is how low this can go, having lost about 60% of its value in 3 months.

Market cap just £15m but needs to raise funds very soon.

Can't imagine any Chinese deals being rushed through atm and the whole of the iron ore sector is getting carpet bombed atm.

AAZ looks quite expensive for its production numbers. What are your thoughts regarding Shanta Gold (SHG)? Also thinking of a small position maybe in orosur (OMI) but that looks very speculative.

I bought some shares here today. I wanted another gold company apart from Ariana, Centamin and KEFI where I already hold shares. This looked good. Any other suggestions welcome.

The lower global oil price, and safe haven rise of gold are both results of Coronavirus. But also wider market risks of US/China trade wars, uk Brexit negotiations and EU (and Chinese) money printing all point to a rising gold price. So reckoning on decreases in costs and increases in price of product and potentially weaker local currency and hence I am buying here and elsewhere.

Hummingbird looked especially interesting as:

A) in production and hit forecast production
B) potential to increase reserves and production
C) paying down debt
D) production oz vs market cap metrics quite good.

Any other good suggestions please?

So after my investment in Ariana (AAU) gold went up 45% I decided to take some profits there. With that cash I have bought in here. It may be St Greta, Coronavirus, increased oil production etc cause problems. At the current price / yield / dividend cover I decided it was worth buying here. Better to be in at £20 rather than £26 and I can wait long term if need be.

Given their shares in ESL are worth nothing, and it keeps declaring a loss, it’s not that surprising?

Looks like you're not the only one.

Wonder if this is a bit leaky regarding news, given we are nearly 10% up today already.

If the bid is successful (80-90% agree - someone will know exactly) you are forced to accept.

Also for the share price to have ALREADY risen above the offer price - an offer which is not even certain - suggests Mr Market thinks there is the possibility for a bidding war or improved offer. Alternatively shorts are buying hard to cover their positions. Anyone got a feel for this?

Who are Pelham Capital - potentially they may be acting for AAL or they may be a new party. Passed the 5% holding mark...

Waiting for the keep the lights on placing that is due. Out of cash in 6 months, there needs to be a placing soon.

This will teach me to "bottom fish". Bought in at 54p, lost a third already.... at least I'm not buying at 200p I guess.

Given this is now valued at about its cash deposits, I wonder if a mining major will launch a takeover bid. Or at least start accumulating before making a funding offer for x percent of the total project...