Bought a few today anyway with a higher price of gold it should help here.
Been trying since Monday with limit orders finally filled this morning |
Cant get my head round the sale of Ravenswood for a bag of beans though poor corporate governance to put it mildly. |
Maybe all the bad news is priced into the results? Or the bad news won't actually be that bad. |
Results on 24th must be really bad for these falls ,But I agree with the way gold should be heading probably a decent time to buy a high cost producer. |
A bombed out highly leveraged gold stock at the very bottom of the cycle and at all time lows....going into a world where gold is going to shine. Seems like a one way bet now:) |
I missed this RNS yesterday.
Tabakoroni Resource Increases 40%
Highlights
· Global Measured and Indicated Mineral Resource Estimate updated to 9.2 million tonnes at 4.4 g/t for 1.3 million ounces of gold a 40% increase over the previous estimate
· The gold deposit remains open along strike and down dip
· Studies to optimise the development of the resource continue
· Tabakoroni reserves to be updated in the annual Reserves and Resources statement |
The seller of 6,000 chunks of stock is still unloading .... |
It's wanting to go higher now, think we may have seen the bottom. This was 80p back in August 2020:))) |
Thanks, I agree. I have been looking at HUM but bought PUR instead. I also like SHG, which seems to be slowly rerating. These gold stocks have a long way to run once they start to get going, I am thinking 200-300% gains across many of them over the next 12-24 months. Still early days. |
I don't think the price stacks up against, assets, production or FCF.Dipped my toes a while ago but due to too much exposure to Mali and west Africa I sold because of the coups.If i didn't hold so much HUM i'd be here too |
Plat, what are your thoughts on this one? |
Ha ha, I wish:)) Look at that 2 year chart, it's truly awful, but I love it. |
Big spende eh? |
Super cheap, bought some more. |
Does anyone here know who the mining fleet contractor is? |
Very, very cheap now. |
Not good news as this is their main mine. Other gold stocks will also no doubt be impacted and closely watching the situation. Some of these African countries are so unstable:)
Now we know why the selling occurred yesterday. |
RNS out for Resolute Mining Limited Operational Update |
But there AISC was 1500 USD, up to Sept 2021, so how can you say that they are not making money? Interested to know.
- 2021 production guidance maintained at 315,000oz to 340,000oz at an AISC of $1,290/oz to $1,365/oz. |
Even at 1800 USD POG they aren't making money? |
They are just not making money .A highly leveraged play on the Gold price.Good luck! |
awaiting news. |
well, OZ is lead market and 20p has no significance . even today with gold price spiking , RSG here in UK is only trading at level it closed at in OZ and not confident of a rise in OZ on thursday . I think they might be wrong and will re-enter at 24p level if I can before the close today |
@arja
"But with RSG you never know as it often disappoints"
Amen to that.
I was considering putting a significant amount into it to have a play on gold miners around the end of 2019. The share price was circa 60p back then and already believed by many to be "down a lot but it will surely turn around". Thank God, I never pressed the buy button.
I am still curious about it. After all, it cannot dip below 20p, can it? |
Nice tick up in volume |
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