Member Info for viable

I regard the AllShare Index as a sound barometer on immediate and short-term conditions. Have just noted a surge today.

My growth fund is up 54% on a running 12-month chart. Admittedly the recovery follows from the low covid base impact. It is, however, indicative of the state of play at the current time. Make of it as you will. For me it is a question of regularly rotating stocks or be satisfied with a very promising half-dozen and drop anchor.

There will be a handful of experienced investors on the forum and their views could be useful.

Had to leave the computer this morning so ploughed in with a ~£1.4k order. Not much but I'll be reading ENQ's exploits forever if nothing is done with alacrity. Brent is on its way to the first hurdle.

IMO the opportunities have to be seized during a bull run. They don't come around very often. In effect management has to push hard this year.

About to spend the afternoon on my old tractor.
TSX may help boost matters after 14:30.
Look forward to another small increase on return.

L3 @ 20:53
I have found ENQ study time among the most complex ever undertaken . . . and have yet to complete it. Much is going to depend on Brent going to expected levels. I'll do a trial run on it later in the week.

In the meantime I have let the side down by adding to TXP in the interim. There are compelling arguments for a number of companies this year and it is crucial to take advantage of global recovery at this time.

Have been very impressed by the quality of posts here.

Looking perky again this morning.
I found it difficult to add on.
Will keep me quiet for a bit.

@ 12:26 - I am one fella reading it now. Several hours of reading ahead as I am leaning towards Brent $80 - $100.

@ 11:00
More than a little surprised to see the drop after returning tonight.
For my part, I am ignoring the false manoeuvring. The only adjustment will be to buy on the dips which look set to continue. To see/suspect behind the scenes tactics in a company that will go from strength to strength is an obscenity. Swelling coffers, even if gold remains subdued, can only bring a successful result.

Oddly enough there is another parallel example in TXP. The SP has been dragged down for weeks. In that instance the shorters have today been badly caught out with their broekies down. Good riddance to them and they get no sympathy from this fella.

New Luika and Singida will add production ounces. And just what will the market do when Yuri proves up a 3m oz resource in Kenya? This guy has been on the case in Kenya for years.

Keeping your Swahili up to speed, I see.

Those Isulu results look strong.
Bushiangala less so.
Rig must be moved along a short distance.
At present it looks as though Isulu will have the first pit.
What hassles over community resettlement and/or compensation?
Will Nairobi carry the can?
(Halifax finally collapsed for the morning.)

Hal has been mostly awol for the first hour.
Will slow things down.

Assuming there could be another 200+k Ucayali barge shipment in readiness the ONP numbers for June look very satisfactory.

Brent holding up nicely following possible confirmation of OPEC 500k bopd increase.

"3m" oz almost certainly.
The shallower results almost guarantee an open pit startup.
Pleased to have added yesterday.

@ 18:30 - Acknowledged
Rather late in the day arriving on the scene. I first examined the subject nearly 7 years ago and binned it. Appalled of course to realise that numerous investors effectively lost their shirts. It's all very well me coming on and assuming it has been a bed of roses. Time passes, innovative procedures come to the fore, and quite suddenly adopted.

Together with HIV-AIDS-TB on freelance work I did in the 1970s for SAMJ and SA Continuing Medical Education (linked to BMJ and Lancet) this sector was another area of study. It was in its infancy. Otherwise my knowledge is/was poor.

It reminds me of my inability to promote and market solar panels circa1968 onwards. It's all about timing. As with nearly everything an idea suddenly takes root.

After one small point I'll leave it alone. Other matters are more concerning:

When I last checked there are a few tough Afrikaners at Sukari. Expats they may be but they don't cut and run. They dig in and, if their families are alongside, they are extricated. Many of these blokes can be found right across Africa. They are a very tough breed unlike us "rooinekke".

Have gone through the current material fairly thoroughly. Had taken up a mere 75k but after further study am inclined to believing the North American market (incl. Canada, Mexico and US) could perform better than expected during H2. It is assumed all necessary approvals have been obtained in each country.

Transforming "the treatment of patients in key surgical applications: BioSurgery, Orthopaedics (sports medicine/spine), Dental, General, Plastic Surgery, Urology/Gynaecology, Ophthalmology, and Cardiac" disciplines is a comprehensive exercise.

A great deal of effort has gone into conveying the message this year. After further examination I believe my initial stock buy was too light and shall add a further wedge tomorrow.

Have taken up a (smallish) stake but it's going to sit there for at least a year.
Hardman are often proved right in their forecasts.

https://www.dailymaverick.co.za/article/2021-05-24-richards-bay-minerals-gm-shot-dead-in-latest-violent-incident-to-hit-operations/

A suggestion - add DM to your regular reading list. They carry stuff in detail and occasionally have reading matter on African developments. Cramer likewise. (The Zulus have plenty of AK-47s.)

@ 11:00 - Mr T. As a side issue but on topic . . .
My largest Au stake is with SHG, and I know (or knew) Kenya and Tanz pretty well. Eric Zurrin and Luke Leslie have taken the step of paying for training of ~75 personnel at KK Security. And that is even before they scrape any dirt around Kakamega (Bushiangala/Isulu). In a couple of years' time it is reasonably certain an open pit mine will be constructed along the lines of NLGM north-west of Mbeya.

In effect no one can march in to Burkino Faso/Cote d'Ivoire without all precautions in place.

https://www.engineeringnews.co.za/article/rio-suspends-operations-at-richards-bay-2021-06-30

re: last night's comments - I know Richard's Bay is very distant to CEY ops. And those Zulus (I've worked alongside them) are generally stable. But this is the problem with Africa . . . it's dangerous. W African states are unstable. Priority = protect your staff. It ain't easy.

Rather than drone on about the company's strengths I added a fair sum today.
July should produce a fair volume of news.

My judgement is clouded by 32 years of sweat across Africa. After all the setbacks I would not have the bottle to contest the hazards of Burkina Faso/Cote d'Ivoire. For starters I'd need a small army of armed militias to patrol perimeters in order to keep artisanal miners away. Everything would need protection from break-ins.

I therefore have a jaundiced view. Hence my preference to pursue potential in the Eastern Desert.