Member Info for YNWA91

Enzo is a gimp

You’re not a fan of Trump then Kent man? You should have mentioned it once or twice….

Droverman - Iran is getting crushed but so is the US and the rest of the world just to a lesser extent. Only difference is that the Iranian regime couldn’t care less what its people think of them and if it means every civilian starves to death they don’t really care. US has elections coming up and they very much do care about the pressure being put on them from their population.

Both sides have lost this war and both sides are desperate for it to end. Both playing games to try and make it look like they got the upper hand. In the end they will both claim victory anyway.

How is it black and white thinking or naive to have an OPINION that the gold price is the most significant issue affecting our share price? Not once have I said it is the only thing affecting us. I think it is you who has a problem with other peoples opinions.

Instead of just saying what you think is the most significant factor you just use insults when none of the posts were even aimed at you. If what I said is so obviously ridiculous you would just state the facts of how/why it is wrong and move on.

Trippy - I am not saying it is the only thing pushing us down, I am saying it is the most significant factor contributing to us dropping in price.

And saying I won’t let anyone else have an opinion, my post was literally asking Bamps and Speedie for their opinion as they know what they are talking about, unlike you.

Don’t forget it wasn’t long ago you said that increased volume should increase the SP haha. No offence if everyone takes what you say with a pinch of salt with that kind of knowledge of how markets work.

Again, if you think selling pressure is the most significant factor pushing our SP down then I assume you think we will still be in the £6’s when gold is back at $4700?

Bamps and speedy thanks both for your replies I value your opinion. If you think it is selling pressure is causing us to fall then fair enough but I just can’t see it. I don’t see any negatives myself except for the gold price.

I wouldn’t say it is a lack of research, when the gold price is back up to $4700/4800 I am convinced we will be back around £8. If that ends up being the case then it is undeniable that the gold price falling has caused the pullback. If the gold price heads back up there and we are still sat in the £6’s then you will be correct of course.

Either way think we can all agree we will fly past £8 sooner rather than later :)

Hi Bamps, if you don’t think it is the gold price dropping that is causing us to drop a significant amount, what do you think is causing it as all the points you made are massively positive?

When has it tanked on open when the price on ASX hasn’t and when gold hasn’t dropped?

I haven’t seen it once. If we randomly open one

morning 5% up is that market manipulation as well?

Even Freddy has got a grasp of it haha, so price falls because institutions sell and still falls because they buy? Some people claim to have been invested for years and have serious sums invested, yet don’t grasp the basic mechanisms of the market.

Autumnleaves- Who is saying that every gold producer is linked to gold and who is saying that being linked to gold is the only reason for the price to go up/down?

We have dropped so much because gold has been hammered. If gold price was still $4700+ do you think we would still be at 660?

We are a leveraged play on gold. If gold is on an upward or downward trend we will follow it, it doesn’t mean when gold is down 2% then we will be down the exact same %. If gold goes back up 5% and we are still sat on 660 and don’t move then your theory would have some merit. I can categorically tell you that that will not happen and we will rise when gold does.

Everyonesawinner - do you think it could have something to do with the gold price by any chance?

Matty - they obviously were not bought at 16:35:02, surely you know this? Just because that is when it shows up on lse does not mean that’s when the purchase was made….

If it was even possible how much do you think it would cost us to hedge at $5000 even when the gold price was $5500?

I don’t think I know best, I think the people paid millions a year to do the job know best. If it was possible then all the top CEOs around the world would have done exactly that.

But if you've got a better understanding of the industry than all the best CEO’s in the world then fair play 👍🏻

Freddie who exactly was going to let us hedge at a historical high gold price? The only way to hedge it is to agree a price much lower than it currently is. Hence why the hedge we already have is so low.

If it was that simple don’t you think every company would have had a hedge at $5500?

Just waiting for all the ‘aim is so corrupt’ posts haha

I don’t get it when people say as we are a big producer now that news like this wouldn’t move the share price. Big companies still move on excellent news and I would expect we still would have risen 5% on this news if it wasn’t for the bad news over night regarding Iran. No one is expecting news to make us multibag overnight but the good news over the past few months has still made us rise significantly even when gold has been massively hit from its highs….

🥱

We are already above the ASX close so what are you on about? And we are 100% linked to the gold price.