Member Info for xtw2

Gosh, you guys (MrBond46 & mrtibbles, in particular) are so tetchy and get wound up so easily! And you seem to think you own this board and that if investors have sold out, they no longer have a right to post. And, yes, I sold my CEY shares (to pile into VMUK and make more profits), so no regrets here.

Some people are very critical of others posts when they're simply just expressing contrary opinions or offering friendly warnings or even expressing utter disagreement to what others have said. That's fine with me as long as people are respectful and polite, and, of course, factual, if quoting facts.

My opinion is that Gold will fall gradually in 2021 & 2022 and beyond as a Bull Market in Equities sets in. That doesn't mean that I won't be piling into CEY again in the meantime if I see an opportunity. But Production guidance is not back to what it was pre-October 2020, whether some seem to think so or not. Yes, there may be a short-term recovery but Brokers recommendations are often biased towards their own Holdings. We'll see.

I'm sure I'm far too old to be your son, MarkBellUK (I wish I was!) and I have indeed done my homework. I'm saying look at HOC because of the current volatility of Gold Stocks e.g. POLY - all off their Highs and any bad news is heavily punished. Do you honestly think the Chairman of HOC, Eduardo Hochschild, would be reducing his stake in HOC if he didn't think that Gold has had its day for now?

And yes, mrtibbles (fab name), Sotolo has made a lot of sense in his recent post on HOC but I'd never spotted him beforehand.

I'm really not bothered either way at the moment because I sold my Gold Mining shares a couple of weeks ago - at a profit - and my view re the Gold Price falling won't stop me buying more Gold-related Shares cheaply like HOC today and like CEY on 24th November., because I'm not saying Gold is going to plummet straightaway.

Thank you, Sotolo.. Well put. Sadly, I think eva1989, Patryk221 & others are going to be disappointed re the Gold Price.

I'm not bothered either way at the moment because I sold my Gold Mining shares a couple of weeks ago at a profit and my view re the Gold Price falling won't stop me buying more Gold-related Shares cheaply like HOC today and like CEY on 24th November., because I'm not saying it's going to plummet.

CEY is hugely volatile because it relies on one core Asset (Sukari) + one core Commodity (Gold). Look what happened to the SP when the bad news re dented Production levels came out on 2nd October 2020 and because that issue was still unresolved at the Update on 21st October, coupled with the falling Gold Price , the SP fell to 102p. Bargain basement at that price!

Since that issue with the high-grade Stage 4 West wall, which was scheduled to be mined during Q4 2020 & 2021, has neither been resolved nor addressed by the CEO, and has clearly impacted the Production guidance for 2021, 2022 & 2023, as per CEO's presentation yesterday, we will not see a bounce back to pre-October 2020 SP levels quickly, especially with the Gold Price under continuing pressure, unless the CEO is storing up the surprise good news for a forthcoming RNS release.

I accept that the Gold is still there, but no matter, the Market does not like it at all when Production guidance does not meet or falls well below what was stated/expected.

Sadly, I expect this to creep back up to levels of 130-150p as opposed to rocket up to 230p levels, which would have happened if the issue reported on 2nd October had been resolved quickly with the corresponding Production levels reinstated. With the Gold Price under continued pressure, I can't see that bounce happening now. See what happened to Hochschild Mining today!

You're deluded. Gold will go Down with the switch to Equities as institutional investors look to a recovery in 2021/2022. Gold will simply settle back to where it started from pre-Coronavirus pandemic, that's all. This week's increase in the Gold Price is just one of the many blips in a Downward trend. Gold Mining Stocks will come under pressure as a result, but they won't crash.

Why do so many people here seem to think that Gold is going Up? It's been steadily going Down since its peak in August and particularly in November since the Vaccine news was released. And it will continue to go Down as the Vaccines roll out and as Economies recover and as global Investors switch from Gold to Equities.

You're deluded. Gold will go Down with the switch to Equities as institutional investors look to a recovery in 2021/2022. Gold will simply settle back to where it started from pre-Coronavirus pandemic, that's all. This week's increase in the Gold Price is just one of the many blips in a Downward trend. Gold Mining Stocks will come under pressure as a result, but they won't crash. That's all.

Why do so many people here and on CEY seem to think that Gold is going Up? It's been steadily going Down in November and will continue to go Down as the vaccines roll out and the economy recovers and investors switch from gold to Equities.

This is all froth from the CEO today.

The CEO has completely avoided (in today’s Market Event update and in his Q3 2020 Report on 21st October 2020) giving a clear and proper update re ‘the deferment of open pit mining operations in the Sukari open pit Stage 4 West wall area’, as per the Sukari Operational Update on 2nd October 2020 (RNS Number: 9319A).

The high-grade Stage 4 West wall was scheduled to be mined during Q4 2020 and 2021. This is what resulted in 2020 & 2021 guidance being reduced and thence the fall in Share Price from circa 200p to as low as 102p last week.
With Gold under pressure as the vaccines roll out, we will not see a return to the pre-2nd October Share Price levels until a clear, unequivocal announcement is made by the CEO about this issue.

Meanwhile, the Share Price will continue to come under pressure and yo-yo back & forth in the 100-125p range, in my opinion.

Think it'll take a few days for this good news to trickle through the market without an RNS as usual. SP has taken a bit of a dip since Monday's High of 49p. Tempting to add to my 36,000 holding now in view of this news as I think the SP will go over 50p and stay there next time we see a nice Rise.

...recovered at Letšeng, 13th diamond of over 100 carats recovered in 2020.

This plus the high quality 77ct yellow, makes you wonder why people are bailing out at the slightest sign of weakness in the SP. Reckon those Sellers aren't doing their homework and checking the GEMD website. Their loss, our gain! What with the markets in turmoil, ironically GEMD could become a bit of a safe haven if it stays 'open' and keeps digging up these biggies. Keep 'em coming!

Thanks & good luck!

Excellent Results this morning. So I Bought £2k @ 710p. But majority of Trading activity so far today is Sells. Very few Buys. I don't understand why? I'm now getting a Buy of 689p. Could someone give me a steer on this please...
1) Why do you think shareholders are bailing out this morning (apart from the obvious of taking prior-made Profits) rather than waiting for SP to rise further?
2) Should I Buy more or stick with what I have Bought?
Cheers.

Interesting ideas! Have you guys read this article: https://www.diamonds.net/news/NewsItem.aspx?ArticleID=65393
Clearly GEMD is the 'jewel in the crown' (couldn't resist the obvious pun) of this bunch - moreso now than when this article was written in view of the vein of big stones. If there are suitors for Petra Diamonds, then there surely must be suitors for GEMD, especially since it appears to be the most nimble and liquid. I think Dividends, Special or otherwise, are less likely in the current climate where cash preservation is essential in case of another local lockdown or Covid-19 breakout at one of its mines. I suppose there are only so many RNS's that GEMD can release about big stones before it is no longer news! Or maybe they're waiting for another biggie and then they'll also mention these two latest finds as well. In the meantime, it's up to us to spread the word!

With PDL shooting up by 53% today, I'd have thought Saturday's 143 carat find at Letšeng would've sent GEMD Up as well, considering the company is in a significantly better shape and keeps recovering these big carat high quality diamonds!