Patagonia Gold Share Discussion Threads

[hazl] 03/3/2016 09:57

Spread absolutely excellent on this at the moment......


A good sign I always think.

[hazl] 03/3/2016 07:52

and why not indeed?

[investment dave] 02/3/2016 21:21

Hopefully see these over 3p tomorrow finalky

[hazl] 02/3/2016 19:52

gold up 8.90....0.72 % presently.



imo

[hazl] 02/3/2016 15:14

gold rising.....

[hazl] 02/3/2016 11:06

I would still hold even then I think, chutes, the way things are going in the economy.

IMO H

[chutes01] 02/3/2016 10:53

this wants to be over 4p !

[hazl] 02/3/2016 10:41

interesting mixture of trades.........

imo

[hazl] 02/3/2016 08:17

Gold Struggles But Stays Strong Even In Face Of Dollar Strength
Tuesday March 01, 2016 18:10

Markets were driven by our usual friend – crude oil, as well as by stronger-than-expected data from the U.S. economy.

The Institute for Supply Management (ISM) said its index of national factory activity rose to 49.5 in February from 48.2 the previous month, comfortably surpassing expectations of 48.5 from a Reuter’s poll of economists.

Data also showed U.S. construction spending surged in January to the highest level since 2007. That date or year is important because we all know what came shortly after so many indicators then were peaking.

Lurking in the construction numbers though was bad news as well as good. Total spending rose 1.5% in January to a seasonally adjusted annual rate of $1.14 trillion from an upwardly revised estimate of $1.12 trillion in December. Construction spending is now up more than 10% relative to a year earlier. Finally, public spending jumped 4.5% during the month, while private spending grew a modest 1/2 percent because of declining residential outlays.

The jolt of good news had disparate effects on the markets. It pushed the dollar up against the yen and euro, mainly because traders were guessing that the Fed would raise rates come March.

That helped push yield on the U.S. 10-year bond up over 1.8% so that now we are seeing 2.00% on the horizon once more. That tells us that this was a bit of a risk on day in other markets like oil and equities.

Gold experienced the same conditions and, while we moved our stops up to protect profits, we feel as if old is functioning as something much more than a safe haven overall. We’ll have more on that dynamic in the technical discussion in today’s video.'http://www.kitco.com/commentaries/2016-03-01/Gold-Struggles-But-Stays-Strong-Even-In-Face-Of-Dollar-Strength.html

[hazl] 01/3/2016 15:24

We have had some fairly reasonable positive trades today anyway


imo

[hazl] 01/3/2016 15:19

US Manufacturing Index rises....gold dropping for now


imo

[hazl] 01/3/2016 10:21

That last trade at 2.65 on ISDX must be a buy surely?

[hazl] 01/3/2016 08:45

started its next leg up?


imo

[oligeo] 01/3/2016 07:21

Gold has broken the monthly long term down trend resistance. Should see further rise from here.

[robers98] 29/2/2016 16:37

Argentina settles battle over bonds worth $95bn

Argentina has signed an agreement with US hedge funds to settle a protracted dispute over its failure to repay $95bn worth of bonds.
Argentina will pay Elliott Management and others who sued Argentina about $4.6bn to settle all claims.
The agreement is a victory for Mauricio Macri, who was sworn in as Argentina's president in December.
He reversed the non-payment stance taken by his predecessor, Cristina Fernandez de Kirchner.
Daniel Pollack, the court-appointed mediator, said: "It gives me greatest pleasure to announce that the 15-year pitched battle between the Republic of Argentina and Elliott Management, led by Paul Singer, is now well on its way to being resolved."
The long-standing dispute has restricted the country's access to international credit markets.
The investors bought the bonds at heavily discounted rates after the country's economy collapsed in 2002.

[investment dave] 28/2/2016 14:26

Hopefully another big week next week

[newtothisgame3] 27/2/2016 10:30

#Another Big Week On #Aim Market #LGO #88E #PCI #THR #MXO #PGD #ACE #BEM #EDL #RGM #ALBA

[steeplejack] 26/2/2016 09:39

"But if they DELIVER this time then all is good."Very true but we've seen ambitious targets fall short before and in a year down the road,I wouldn't be surprise to see another equity call.Nonetheless,there seems to be a more positive attitude.The statement is more definitive and less waffly than the past.It's a pheonix from the ashes for most.

[justino] 26/2/2016 09:02

The new CEO, Chris van Teinhoven, was a success at Andean Resources leading to its sale to Goldcorp. We are of course in a very different market but i feel confident he can bring PGD to fruition as long as the gold price remains around $1200+ and the Argentine government continues its proposals to support mining.

[gsg] 26/2/2016 08:50

The new CEO was given a right mess to sort out, a bit like the current Villa manager, who was well fitted up. I'm keen to give the CEO a chance to prove that PGD is a worthwhile investment. So far I like his strategy and approach, although its early days.

[investment dave] 26/2/2016 08:50

27m is only at 1200 gold price there is potential if the economy crashes of much higher gold price and huge profits

[lochlea] 26/2/2016 08:34

I agree about game plan appearing "proper" and pretty detailed for once. Although the more general strategy reminded me of the previous massive fundraising 15-16 months back and what that money was going to be used for. That money has I assume been long since spent on other things. But if they DELIVER this time then all is good.

If all goes to plan in Paraguay (or was it Uruguay?) then there's going to be much needed CAPEX over next couple of years.

Good to see the buying spree yesterday with some premium being paid too. The old dog still leaks like The Villa's defence.

[justino] 26/2/2016 08:24

If they hit their targets and produce 67,000 oz next year at $400 (1200-800) per ounce profit that's a cool $27m profit.

Could be the game changer the company needs and sooner than i expected to be honest.