OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Tks for that,

Yup The Missus and I were just talking about the total disconnect between State employees and the new real world…they have a terrible shock coming, as as you say they just think it will all carry on, as normal….anyday now they will see there is no tax coming in, to pay for themselves.

Get this in the UK, because Local Councils income is not great anyway, they have been looking for ways to expand their income…so they have been hoovering up shopping Malls, as they think the return beats the bank rate…asked what experience they have as landlords…answer none…….but the returns are great !!!!!

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Mr.Copper,

I have some shares of DRD as well. DROOY was indeed a pig. So glad they changed the symbol. It looks like they don’t make a lot of $, and the P/E ( roughly 1000%) is off the charts. I sort of forgot about it when it was flailing around as DROOY.

Very happy that the board is back up!

Take a look at my DRD. Not on that list, its an animal. It pays 2.88%. When I first bought it, (re momentum play) it turned into my worst dog, and I found out later, it was Africa, (and I hate Africa miners) and the old DROOY, with a new ticker, and everybody hated DROOY. Remember that dog? I felt it needed a better ticker, to make it more appetizing, and now it does. I don’t know how much gold they produce, or at what cost. Supposedly they go thru old above ground tailings.

https://finviz.com/quote.ashx?t=drd

https://finance.yahoo.com/quote/DRD?p=DRD&.tsrc=fin-srch

Found DRD info 43,274 oz produced in a quarter, cash cost US$ per oz $ 990, all in cost $1299/oz.

https://www.drdgold.com/investors-and-media/sens-news-view/2020/d36f8686-14c5-43a6-9b2a-ffa251e6ba84

I think a lot of the smaller producers were left off the graph. BTG has gotten pretty big.

BREAKING NEWS: Minneapolis city council votes 12-0 to abolish police department after death of George Floyd and will replace it with a ‘department of community safety and violence prevention’

https://www.dailymail.co.uk/news/article-8462953/Minneapolis-council-puts-plan-abolish-police-motion.html

Hawaii has been a microcosm of total economic failure.  Way too dependent upon massive tourism flow I believe was upwards of 12 million people per year.  Total collapse.  Many small businesses are not bothering to re-open as there is no one to sell to on the streets.  No, it’s not just the UK where people are depressed.  On the Big Island here fully 65% of workers are unemployed.  The unemployment office is overloaded with claims already.  There are no prospects for ‘recovery’ to those halcyon days, and as people realize that they become very depressed.  And faced with a sudden loss of revenues, our lib Dem single-party State seemingly cannot cope with the needed drastic cuts to services that are coming, too.  The unions still want to keep all State workers employed at full salary, while us (former) taxpayers burn.
Yeah… the ‘market’, err… RIG.  On the deck of the Titanic, the band played on…. until they couldn’t.

Numbers 1 thru 30 left to right would help, but I figured it out. Strange I don’t see my DRD on there, one of my best performers, my B2Gold (BTG) is there, plus a few others are there.

https://twitter.com/zerohedge/status/1276543516320161793/photo/1

City of Seattle appeared ready to remove CHOP barricades

https://www.seattletimes.com/seattle-news/city-of-seattle-appears-ready-to-remove-chop-barricades/

treefrog, “i think this covid-19 business is 5% nasty virus and 95% fear porn and bullshit.”

dr d***, “the 5% is probably an overestimate.”

These mkts are getting really vicious.

nicely, so goes silver, so goes the pm shares. SM be damned.

If one of these Friday’s ever turns into a Monday crash, who really wants to be out of gold?

We kind of have the USD working against us today, course if it were down and the SM were down it might not matter because as you say the scum is busy at work.

Would like to see us recapture $1750.

Picked up a little RGLD @ $116.75 for a flip – find out if that was a mistake or not before this day ends.

they now have PM’s trading tick fore tick with the SM…the Algo’s will now just follow the SM and virtually any danger of an Arb developing is gone.

Now they just can concentrate on supporting the SM when they want to.

Very best wishes for you to overcome this health adversity. God Bless and get well soon!

I don’t know how much the covid thing has disrupted their operations but I sure hope they have a decent quarter coming up. I think the next quarterly report will be the decider for me.

9.75% is not cheap money! At least the gold price should help them.

Cheers

PS LOL MUX up today.

Saw your post yesterday about Sprott’s involvement and got excited until I read the article.

Looks like a good deal for Sprott loaning them $50 million at 9.75% – not so much for MUX though.

Really makes me wonder if McEwen is in trouble or running out of easy gold in those mines. He desperately needs some good news.

Harmony Gold (JSE: HAR) (NYSE: HMY) said on Thursday it had raised $200 million from a planned shares placement to partially fund its acquisition of rival AngloGold Ashanti’s (NYSE: AU) (JSE: ANG) assets in South Africa.

The Randfontein-based gold producer issued more than 60 million new ordinary shares at a price of 57.50 rand apiece on Wednesday. Harmony said it represented roughly 11% of its issued ordinary share capital before the placing.

The company agreed in February to buy AngloGold’s Mponeng mine, the world’s deepest gold mine, as well as its Mine Waste Solutions assets for about $300 million.

Harmony Gold raises $200m to buy AngloGold assets

” “Try to be kind rather than right”. I think we can be both.”

Sounds good to me.