Post by
Bentouttashape on Oct 18, 2024 12:07pm
Buy the dip
Even though Singo Wingo says strong sell, I would say an exceptional buying opportunity. You have a nearly 35% miss on production, but only about a 6% drop in share price. Market likely has baked in the loss. Here is also the real numbers of this stock. Presently sitting on 127 mil in unencumbered cash. Even with this bad miss because of high gold price, likely to be sitting somewhere in 140mil range. If they get back on track as they say for Q4(if you want to believe the statement) will be at around 180 mil. by the time they get to producing at Valentine, Probably around 250 mil. That is if gold price maintains. And i think it will because we are lucky to have the good ole USA to thank for nice high gold prices.
Both Presidential candidates have no economic plans and creates uncertainty, and gold loves uncertainty. Have you heard anything mentioned about the economy. Oh, but i actually like Trump's plan. Tariffs on Everything entering the USA. Minimum 10%. Well if that isn't inflationary.
And not a single Western country is talking about the ELEPHANT IN THE ROOM. National Debt!!! It is getting to the Point, no one wants to buy US Treasuries. Japan is and has been the major buyer of US debt and they no longer are buyers. When the US Fed has to buy it's own debt, We will see gold and commodities skyrocket like never before. This year alone gold is up 30% and IMHO it hasn't even see liftoff yet.
Buying opportunities in all Gold Stocks and even better physical gold. We are about to see and economic disaster of Biblical proportions.