Member Info for UpDownFlat

Shedulike,
I am Russophile. They are tough as nails and practical as hell. I think they have an ok judicial system and have a good future as a country. With POG we need to separate what we think about the Russian people from what is true about this company. It has a bloated headcount, which is why the break-even point is so high.

1noise, allways feel free to contribute....

“Have you seen exactly what those employees do.”
Not nearly enough, just look at ASISC and AU/employee, lack of profitability. That’s the clearest evidence of their structural problem.
POG doesn’t make money if the Gold price is low. They can either double their volume or cut their headcount, or better still do both.

Rusty,
yes I am qualified, I am an accountant with an MBA and have worked on many refinancing’s, acquisitions etc...

Shedulike,
It is not that difficult to compare. there are some staff that are absolutely key to the success of the company and the are roughly 1000 others that would just lighten the companies extremely high-cost base.

Shedulike,
this is the impression I got from a Telgram channel. They were complaining until about mid January and then it all stopped. I think it is healthy to have a happy and motivated staff, but in POG's case there are way too many staff.

Freddie, you are like some evil creature revelling legal disputes. Hard to run court cases from jail !

It hasn’t got much info but It does show a few things.
They are in control. They are working on a detailed plan. Own Gold production will be higher in 2021. We get the details and the end of March.

Ok, the staff were being retrained since Jan. I am glad. Its in their best interest that this company does well.

Freddie, I think it was 15 for 1. But let’s look to the future, since I am deluded, I might just dress up as an airline pilot and shimmy on down to the coffee shop.

Rusty,
so what you are saying to me is that this chart
hXXXttps://www.marketwatch.com/investing/stock/pog?countrycode=uk&mod=over_search

which is maths and is publicly available on the web, from many different sources, is just me being deluded ?

And really if I had just bought at the bottom, I would be a happy!

I think you need to look up the meaning of the word deluded.

I would have a lot more sympathy for him if he had paid dividends over the last 10 years instead of making large charity donations.
Or if he hadn’t diluted the shareholders by 95% and paid themselves bonuses.

Unfortunately, it is necessary to stop Pavel and Pals from attacking the company. Think of it as a threat against them. And as a shareholder I am willing to live with a depressed price for a while, but I would like to know exactly what has been happening and also that we now have an honest management team going forward.

Once a government passes 100% of Debt to GDP, a 3% rate as it was in Jan 2019 represents a 3% subtraction from the countries annual growth rate. (Even if they capitalise the interest). If you look at the interest affordability analysis done for congress in December 2020, they based it on a rate of 1% on the 10 Year. At 2-3% it starts to become more difficult to make a $2T investment in Green infrastructure.

Rusty,

I think think you want me to distract people on the board so let me explain
(and forgive any mistakes)

Gold is a safe haven for treasuries owners especially if the yield is negative. The yield is made up of the nominal interest rate, e.g. currently 1.5% on the 10 year, 2% on the 20 year,
less inflation, currently 2.15% expected over 10 years
therefore the real interest rate is -0.75% for 10 years, around 0% over twenty years.
In the USA the government sets the nominal very short term (overnight) rates and the markets determine the longer-term nominal (2/5/7/10/20/30) rates.
Most loans (Private/Business/Government) across the world can be traced back in some way to the US 10 Year.
What does this mean for Gold ? It is a commonly held belief that there is a limit to how high nominal interest rates can rise before they have to be controlled because of side effects. (new government borrowing, stock market yields, effects on business).
What we also know is that inflation is about to arrive. How much and for how long is the question?

That’s why rising nominal rates might also be associated with declining real rates.

Rusty,
I would love to take credit for the "theory". Really there are two things that mostly drive Gold, treasuries and currencies because gold is the alternative(safe haven) to owning both of these.

Gold should do well once inflation kicks in to drive the real yield down. We see the production component in commodities at the moment. We will see the service sector component shortly. If you think about the situation.

Rusty,

If it's about the plan, then it’s completely normal practice for a CEO or even a senior management to get a 100 day period to develop their plan.

If it's about the price of gold, well the price of gold is inversely correlated with the real interest rate.

Since July last year we have had a 200% increase in the 10 Year, but only a 10% drop in the price of Gold.

Heres hopeing for 4% inflation expectation with an 2% 10 year