TT Its hard to work out where to put ones money or when to...

TT

Its hard to work out where to put ones money or when to sell/buy. I want to hold goldies for the upside in the POG, but my thinking was that RMS had doubled for me so when SBM's share price collapsed I sold 75% of my RMS and put the money on SBM in case there was a rebound. Bought back my DCN holding yesterday on more hopium - both shares could run up or drop back. DCN needs a much better gold reserve to achieve 200k ounces pa over 7-10 years - see my comments about this on that thread, and have a look at their DFS.

I have a MOY holding underwater by around 1 cent/share. There is also a fair bit of risk there with the upgrade of the process plant extract gold from sulphur complexed gold. I think they are spending a lot of money on exploration and mine development so not really cash positive now, hence the CR. Have a look at their accounts over the last year or two and you will see that they are struggling a bit - hence part of the reason why the share price is doing nothing. A rising AUD POG will be very helpful for them. I am not as confident as I used to be about them given their net cash outlays, even at the current gold price. They need to increase gold production to 110-120k ounces per annum otherwise the operating surplus gets eaten by all sorts of things, development costs, exploration, admin etc.

loki (I dunno)