Loading ...It will be interesting to see if these man made up wars that I would like to see some of these giant parasitic lobbyists who attached themselves like a makeshift umbilical cord to certain governments including ours to reach in our pockets and control the politicians behind it, dropped on the front line, that if the dollar or what’s left of it comes home what the shares will do especially in the face of rising energy costs.
Goldie – I wonder about oil
When all the fighting broke out oil went to $90. Today it sits at $77.
Seems like the world has plenty and demand certainly in the west is softening along with the economies. I think part of it is because Biden has allowed Iran to offload its oil and that’s a big production boost.
It seems impossible to me to figure out the “why” of things anymore. Aladdin dominates trading of virtually all markets, and things seem like they’re on autopilot. I don’t know.
Metals coming back and up slightly
in the face of a stronger dollar and weak SM.
Will be interesting to see how the shares react.
KGC & BTG beat on earnings and revenues
KGC up 1/2%, BTG up 1.5%
I don’t have a full rundown on KGC other than headlines.
BTG had quite a bit more info. Looks like their AISC was around $1350 on average on their mines. They produce around 900K gold oz. a year. Pay a dividend of $.16 a year or around 6%. They are sitting on $568M in cash and have a $700M credit line that is untapped.
Why are they so cheap?
Here’s something that bothers me that they provided no detail about. The show they received $500M in “prepaid” gold sales, but do not list the terms or sale price. First, why would they do that at all with an untapped credit line? Second, what was the price they sold per oz.? If I were an analyst, that’s what I’d like to know, especially given that their shares have dramatically underperformed. It doesn’t smell right. Somehow, I suspect that the “prepaid” buyer is getting a deal at the expense of shareholders, hence the underperformance. Why would they do that? Who are they providing that gold to? They are in effect hedging.
They should be a cash cow and the share price should be much, much higher.
The other thing is that they have 1.3B shares outstanding. Why aren’t they buying back shares?
Is there a single decent and well managed miner out there?
Gold still consolidating
Oil prices uncertain depending on what Iran does with current attack on Rafah and infrastructure of course by these blasphemous narcissistic psychos now blocking any food or medical supply’s through Egypt and possibly Iran backlash.
How an Israeli invasion of Rafah could rattle the oil market
Oil prices could go up this summer Saudi raises prices.Food prices with it.
https://www.barrons.com/livecoverage/stock-market-today-050724/card/oil-holds-steady-after-israel-seizes-control-of-rafah-crossing-ZVAWTlo7hWukMQnecK9h
