921.5p close Barring a sell off in gold overnight they look good to go.
Re: Confirmed breakout above 920p unconfirmed unless it closes above 920psmashed through initially but has fallen back needs more momentum.
Confirmed breakout above 920p May be a little early as we need to close above this resistance level but such a move would indicate a nice run.
Re: The Fed flakes it Might see a 40p day
The Fed flakes it and gold responds accordingly:[link] PM miners should do well tomorrow, but Poly has some catching up to do imo, especially after today's excellent news.T
Re: Waiting game Poly has been lagging behind its peers lately but today's production results are excellent with the promise of 'Materially stronger production expected in the 2H'. Broker upgrades should now follow in the run up to results on 29th August, so Poly should now outperform its peers imho. Problem is that gold has pulled back a fair bit this week, but is now at a key support level and will hopefully resume its recent uptrend from here. That sets this up perfectly for some very good returns over the next month or two.T
Waiting game primed for lift off so i just doubled up
Back in Looks ready to move sharply higher RSI indicates a trend change with an upward divergence forming.
Re: Ready to rock again? The Trump effect has now pushed gold up to $1256 yet Poly is hardly moving. Have I missed something here?T
Re: Ready to rock again? $1240 taken out overnight and most miners responding well, so Poly had best put the kettle on and do some catching up Gold price seems to be holding steady at around $1243 as I type, with little overhead resistance until it reaches $1253. A break above that would be very bullish indeed.T
Ready to rock again? Gold has been rising steadily for the last week or so, and has now broken the strong resistance at $1234. Should it break the secondary resistance at $1240 in the next couple of days we could see some very bullish moves in the miners imo.T
Re: Took profits great call tony i sold all my mining shares two days ago as i now study the dollat charts and they are great at predicting gold and miners.
Took profits Rouble appreciating against dollar quite a bit. Unfortunately for Polymetal this is a negative. . I now think it retraces for a rally later in the quarter.
Polymetal Valuation Polymetal is on a growth pathway generating 550,000 additional ounces a gold per year. The company holds a sizeable debt. It has a current cost per ounce of production that is around $100 per ounce less than Randgold and it has a good 200M ounces of silver to sell. The debt is actually the same as the current value of Centamin or thereabouts. This is equivalent to the entire growth profile. Centamin has 15M ounces in total with Polymetal at 38M ounces. So lets say the net value of this company is 23M ounces with 33M to Randgold but we need to add something extra for the silver minus debt interest. I would say a net of $400M. The market value than comes to be 23/33 of Randgold which is 4.401B and if we assume silver production pays all the interest on debt, the target price for Polymetal should be £10.30p. Many assumptions have of course been made and the above is a comparative stab in the dark. Polymetal reports on 26 January. Polymetal has a very high potential and has a bank content with rolling over expected debt. What is not fully known is the truthful and integrity of the company. If they have been honest on what they have reported the maths stack up in favour of holding some Polymetal shares. The company potentially grows significantly in 2018.
Re: Huge trade just gone through Hi Tony,Good to see you here.I am in poly from 855. Looking for 975. There is gap to be filled just above 975.What target you are after? Could you please work out some numbers on company valuation?Daily RSI is around 72, so slightly into overbought territory, but it can stay in overbought and still rise. Looks like some consolidation going on in 920 area before next leg up.I am also holding aca, cey and Glen. There is merger news in aca-Endeavour, not sure good or bad for aca? Can you please comment on this? Do you think it will help aca to jump to 475-500?Thanks