Goldmoney Inc T.XAU

Precious Metals under Management

[pftmkr]

You would think that Goldmoney Inc will have a substantial increase in revenue due to the price of Gold, Silver, Platinum moving up which will increase their vaulting fees.  In addition the value of the precious metals that they hold in inventory for themselves and Mene should contribute.  Acquisition of shares in the open market will also help by reducing the shares outstanding. 
Please tell me where I am wrong about this opinion?  I think that I saw a price to book value as of today of 

"GoldMoney Price to Book Value:0.5776 for May 17, 2024"

[prophetoffactz]

Gold started to rally in the last half of Q4 2023. It is further up ~18% this year in US dollars. We haven't seen the business under a full quarter of the higher gold price yet and in the next approximately two months we will get six months worth of financials through June 2024. They have also been consistent buying back shares. Goldmoney's shares are down 2.26% this year despite the move

[Brioche]

Your first assertion is totally correct . The amount of fees is linked to the price of gold . Regarding the stock of pm  for themselves , it will have almost no impact on this Q and the last one because it was almost empty after the 3rd property purchase. Cad 1.7 mil (dec 31 2023) vs  53 mil ( march 2023) So no ( good ) surprise on that side to come even with some possible oz bought