OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

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?

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

https://www.marketwatch.com/story/why-a-potential-israeli-invasion-of-rafah-matters-to-the-oil-market-47f7680b

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

Lazy Weekend
https://railpictures.net/photo/841018/

with the shares holding up against weak metals.

I don’t want to spend the rest of the week going sideways.

Scum likely has other ideas, but sideways means imminent death. We’ll see how long they can bounce the dollar, although the dollar doesn’t seem to matter as much anymore. Rates were down some today.

I try to look at what should be good indicators for pm’s but I think I waste energy doing that. These things will go where the money masters want them to go.

pic.twitter.com/LwSSYKmsLp

— Wall Street Silver (@WallStreetSilv) May 7, 2024

It was known that the previous operator had reconciliation issues between the mined ore and the milled ore at the Madsen Mine.

After finding substantial gold locked up in the circuits during the preliminary phase of the Gold Recovery Program, the Company launched a thorough technical investigation of the mill and mill workings to understand the degree to which this contributed to the previous operator’s reconciliation issues.

In certain locations on site, installation errors had created sizeable “gold traps”, resulting in a notable amount of gold remaining in these physical gold traps instead of making it through the mill. Gold was found physically trapped in ill-fitting liners in the ball mill, in the SAG mills and in uncleaned filters, all of which certainly would have impacted the previous operator’s reconciliation issues.

West Red Lake Gold Unlocks Significant Value from Madsen Mill Cleanup

Hopefully is only consolidating at first major target.

How Gold is fighting back right here…….hopefully it can continue for the rest of the day.

Production problems or some such crap at the most inopportune time of course. Would explain recent price action.

Playing ping pong in the metals again. Silver was stellar, gold up a token 1%. Only question is whether we’ll give it all back today.

Silver Storm Announces La Estrella Zone Drill Results

https://ceo.ca/@businesswire/silver-storm-announces-la-estrella-zone-drill-results

Excellon Drills 1.37 g/t Gold over 81.2 Metres Including 2.77 g/t Gold over 15.6 Metres at Kilgore Project

https://ceo.ca/@newsfile/excellon-drills-137-gt-gold-over-812-metres-including

Sierra Metals Announces an Updated NI 43-101 Mineral Reserve and Resource Estimates for its Yauricocha and Bolivar Mines

https://ceo.ca/@businesswire/sierra-metals-announces-an-updated-ni-43-101-mineral

Irving Encounters High-Grade Gold in its First Drill Hole at the East Yamagano Project, Kyushu, Japanand Receives Additional Results from the Omu Project

https://ceo.ca/@accesswire/irving-encounters-high-grade-gold-in-its-first-drill

Kingsview Minerals Signs Purchase and Sale Agreement for the Sale of Its Hubcap and Echum Projects

https://ceo.ca/@newsfile/kingsview-minerals-signs-purchase-and-sale-agreement

Ascot Announces C$5.0 Million Non-Brokered Flow Through Private Placement

https://ceo.ca/@globenewswire/ascot-announces-c50-million-non-brokered-flow-through

West Red Lake Gold Intersects 21.33 g/t Au over 3.1m and 6.75 g/t Au over 9m at South Austin Zone – Madsen Mine

https://ceo.ca/@globenewswire/west-red-lake-gold-intersects-2133-gt-au-over-31m

Angus Gold Makes New High-Grade Gold Discovery West of Historic Dorset Resource Area, Intersects 7.0 g/t Au Over 12.4 Metres, including 21.7g/t Au Over 3.3 Metres

https://ceo.ca/@globenewswire/angus-gold-makes-new-high-grade-gold-discovery-west

Meridian Drills High-Grade Mineralization Grading 16.0m @ 12.5g/t AuEq at Cabaçal

https://ceo.ca/@accesswire/meridian-drills-high-grade-mineralization-grading-160m

Radisson Intersects 9.70 g/t Gold Over 4.00 Metres and Adds Second Drill Rig at the O’Brien Gold Project in Quebec

https://ceo.ca/@globenewswire/radisson-intersects-970-gt-gold-over-400-metres

i-80 Gold Ramps Up 2024 Granite Creek Exploration & Development Program

https://ceo.ca/@newswire/i-80-gold-ramps-up-2024-granite-creek-exploration

Golden Cariboo Infill Drilling Results Compiled for QGQ22-01 Yielding 0.87 g/t Gold (0.57g/t cut) Over 32.0m (105 ft); QGQ24-08 In Progress to Target Up-dip Extent.

https://ceo.ca/@thenewswire/golden-cariboo-infill-drilling-results-compiled-for

Faraday Copper Reports New Gold Assay Results From the Keel Zone Including 0.28 g/t Gold and Confirming 1.34% Copper Over 103.64 Metres at the Copper Creek Project

https://ceo.ca/@accesswire/faraday-copper-reports-new-gold-assay-results-from

Trident Royalties PLC Announces Q1 2024 Activities Update

https://ceo.ca/@accesswire/trident-royalties-plc-announces-q1-2024-activities

Bedford Metals Comments on Gold Market Dynamics & Engages Grander Exploration for Margurete Gold Project

https://ceo.ca/@globenewswire/bedford-metals-comments-on-gold-market-dynamics-engages

Osisko Development Reports First Quarter 2024 Results

https://ceo.ca/@globenewswire/osisko-development-reports-first-quarter-2024-results

Artemis Gold Announces Filing of Q1 2024 Financial Results

https://ceo.ca/@newswire/artemis-gold-announces-filing-of-q1-2024-financial

Bomboré Hard Rock Expansion Update and Three-Year Production Forecast

https://ceo.ca/@globenewswire/bombor-hard-rock-expansion-update-and-three-year-production

WESTERN COPPER AND GOLD ANNOUNCES COMPLETION OF C$5 MILLION FINANCING WITH RIO TINTO

https://ceo.ca/@newswire/western-copper-and-gold-announces-completion-of-c5

Gatos Silver Reports First Quarter 2024 Results and Announces Investor Call

https://ceo.ca/@globenewswire/gatos-silver-reports-first-quarter-2024-results-and

Arizona Gold & Silver Inc. Reports on Drilling Progress on the Philadelphia Gold-Silver Project, Arizona

https://ceo.ca/@thenewswire/arizona-gold-silver-inc-reports-on-drilling-progress

Golden Horse Issues Shares Pursuant to Tenement Acquisitions

https://ceo.ca/@newsfile/golden-horse-issues-shares-pursuant-to-tenement-acquisitions

Providence Gold Mines Inc. Announces Exploration

https://ceo.ca/@thenewswire/providence-gold-mines-inc-announces-exploration

BTU Acquires Two Extensive Gold Properties in the Active Wawa Gold District; The Echum Gold Project Adjacent to Alamos Gold and The Hubcap Gold Project Adjacent to Red Pine Exploration

https://ceo.ca/@accesswire/btu-acquires-two-extensive-gold-properties-in-the-active

Saudi Manara Minerals’ team in Pakistan for talks on Reko Diq mine stake, document shows

https://finance.yahoo.com/news/saudi-manara-minerals-team-pakistan-142551069.html?guce_referrer=aHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9wb3J0Zm9saW8vcGZfNS92aWV3L3Yx&guce_referrer_sig=AQAAADkebZBxSGlAr-_CWDg9Of8vYpYorqXyzDC2ZEy35fKvdKf9n1PBwNpNF39_-5m12vgWEVi8N-FUVVl1MUqJr8lJltwZMXAwuZis1eVFP7TYCd8y4z576Rfpj5ICQRLpLItQpYxiIYq-OdQv1nHYuvUs0mFeyXyQ8PkIQm-jjDkk&_guc_consent_skip=1715084906

If they’re trying to prove their humanitarian and not on the wrong side of history this time instead of fascist they’re doing a bad job of it. Real bad.

We’ll get ready to travel place to place. If they turn every town into Hiroshima they’re just fulfilling their promise when the food rations drop you will own nothing and be happy. Then they can build back better.

Meanwhile Israel resumes it bombing this time Rafah where civilian refugees gathered next. Where ever they go or even told to go the bombs follow. Bury their dead, gather what they have left, search for water and food and rush to the next place to be met with more bombs. Rush away, to where I don’t know and since there’s no standing military their fighting they are killing everyone and destroying their infrastructure. This time gave them a little warning they were going to destroy their place away from the so called war next. If Hamas truly hid behind civilians esp since they have no military home to speak why aren’t they bringing the hostages to Rafah?

https://www.today.com/video/israel-warns-people-to-evacuate-rafah-signaling-imminent-invasion-210318405762

German politician of the AFD party, Marie-Thérèse Kaiser was just convicted & fined $6,000+

Her crime? Posting statistics showing that Afghan immigrants are disproportionately committing sexuaI assauIt in Germany.

You know what to do. Share it more. https://t.co/il7P9bG0dm pic.twitter.com/PIELroSxS3

— Wall Street Silver (@WallStreetSilv) May 6, 2024

NATO starts deploying troops as Russia races to win

I am no Bidenomics fan but I can’t put the blame all on him other than cost of business inflation which is bad enough but rising housing or building prices is also a big part of it and started before both Biden and Trump and kept moving up faster and faster with Aid of the Fed.

Seems like a simple solution of forgoing greed and lowering the rent because no one wants to lose money for the purpose of making money for some greedy person and they already knew that and that’s a big problem right now. It also brought established properties to raise prices in the herd mentality resulting in a  stampede which then brought higher tax’s to areas and insurance forcing the rest to have to raise rents too affecting everyone including the majority homeowners.

If newer buyers bought at higher prices and assumed people would pay what ever they demanded or needed to charge to make money they put themselves in a risky position of no competitive leverage where they would lose money if they lowered the rents then they’re stuck and can’t lower it, then it’s a matter of time when the lease runs out if the renter can wait that long. That will result in trying to sell it if they have any equity and in 08 even equity of longer term buyers vanished because with the first group of the last buyers foreclosed it kept going down from there and they didn’t even have higher interest rates of 7 % or more like the previous longer term buyers. That pisses off longer term buyers.  They dropped to 3-4 percent. Now they’re back up to 7 % or more and prices are up and too high.
Then of course the banks own the loans and apparently the Feds too.

parts

“Gold bullion products are becoming more and more sought after as a hedge against uncertainty, and gold continues to hit all-time record highs,” say PMX Gold officials in a statement.

Marcus Grubb, managing director of investment for the World Gold Council, agrees.

“There was very strong demand for gold in third quarter, and it appears that the gold industry is headed for a record year,” Grubb said. Demand for gold jewelry in China and India, coupled with a revival in the use of gold by industry, are key factors driving up gold tonnage and gold prices. The most important dynamic driving up gold prices is the difficult economies in some countries.

“The marketing of physical gold bullion in the United States has traditionally lacked fair pricing, quality control and acceptance by the general public due to non-standardized distribution methods,” company officials say.

A vending machine that sells gold is installed in a Florida mall | ATM Marketplace

Good luck to us!

me too !

43% of small businesses can't pay the rent, Bloomberg reports.

For restaurants, 52% can't pay the rent.

That's the highest number since the depths of the lockdowns. And it's very odd considering "blockbuster" official statistics on GDP and unemployment. pic.twitter.com/hTdIC5TixT

— Peter St Onge, Ph.D. (@profstonge) May 6, 2024

https://www.zerohedge.com/geopolitical/hungarian-foreign-minister-warns-macron-risks-sparking-world-war-iii

Thank God for the Hungarians….

If the SM rolls over we’re probably in trouble.

https://ceo.ca/@GlobeNewswire/red-pine-provides-update-on-assay-results-for-wawa

Trailbreaker Resources Receives Exploration Permit for Swan Target at Atsutla Gold Project

https://ceo.ca/@globenewswire/trailbreaker-resources-receives-exploration-permit

Pampa Metals Intersects 448 m @ 0.42% Cu, 0.46 g/t Au including 126m @ 0.66% Cu, 0.74 g/t Au in Second Drillhole at Piuquenes, Argentina

https://ceo.ca/@accesswire/pampa-metals-intersects-448-m-042-cu-046-gt

Gold Basin Announces Signing of Option Agreement to Acquire New Pass Gold Property, Nevada and Grants Stock Options

https://ceo.ca/@thenewswire/gold-basin-announces-signing-of-option-agreement-to

Impact Silver Intersects 213 g/t Silver over 17.30m Including 1,400 g/t Silver over 0.75m on New Discovery at Guadalupe Mine

https://ceo.ca/@newsfile/impact-silver-intersects-213-gt-silver-over-1730m

Eagle Plains Completes Initial Compilation on Theory Copper-Gold Project in the Toodoggone District

https://ceo.ca/@accesswire/eagle-plains-completes-initial-compilation-on-theory

Aurion Resources Provides Corporate Update

https://ceo.ca/@newswire/aurion-resources-provides-corporate-update

Silver Wolf Engages Strategic Financial Advisory Firm Salman Partners

https://ceo.ca/@accesswire/silver-wolf-engages-strategic-financial-advisory-firm

Idaho Strategic Reports First Quarter 2024 Operating and Financial Performance

https://ceo.ca/@accesswire/idaho-strategic-reports-first-quarter-2024-operating

Bravo Continues to Intersect Increasingly Wide and High-Grade PGM+Au+Ni Mineralization in the North and Central Sectors at Luanga

https://ceo.ca/@newswire/bravo-continues-to-intersect-increasingly-wide-and

K92 Mining Announces Latest Drilling Results Extending Multiple High-Grade Zones and New Dilatant Zone Discovered

https://ceo.ca/@globenewswire/k92-mining-announces-latest-drilling-results-extending

Cerrado Gold Announces Receipt of Second Advance Under Secured Loan From Subsidiary of Hochschild Mining PLC

https://ceo.ca/@accesswire/cerrado-gold-announces-receipt-of-second-advance-under

Arizona Metals Corp Acquires Additional Private Land for Development Infrastructure

https://ceo.ca/@newswire/arizona-metals-corp-acquires-additional-private-land

Hi-View Provides Corporate Update on Its BC Gold Properties

https://ceo.ca/@globenewswire/hi-view-provides-corporate-update-on-its-bc-gold-properties

EASTERN PLATINUM LIMITED REPORTS RECORD ANNUAL FULL YEAR REVENUE FOR 2023, ANNOUNCES RESTATEMENT OF COMPARATIVES, AND PROVIDES ITS TARGETS FOR 2024

https://ceo.ca/@newswire/eastern-platinum-limited-reports-record-annual-full

VIZSLA SILVER PROVIDES FURTHER UPDATE ON ACQUISITION OF LARGE CLAIM PACKAGE ALONG HIGHLY PROSPECTIVE STRUCTURAL TREND, SOUTH OF PANUCO

https://ceo.ca/@newswire/vizsla-silver-provides-further-update-on-acquisition

Spanish Mountain Gold Commences Trading on the Frankfurt Stock Exchange

https://ceo.ca/@newsfile/spanish-mountain-gold-commences-trading-on-the-frankfurt

Roscan Gold Announces Debt Settlement

https://ceo.ca/@newsfile/roscan-gold-announces-debt-settlement

CMC Metals Ltd. Clarifies Technical Disclosure For Canadian NI 43-101 Compliance

https://ceo.ca/@accesswire/cmc-metals-ltd-clarifies-technical-disclosure-for

Aston Bay Holdings Files Amended Offering Document and Refiles Interim Financial Statements

https://ceo.ca/@accesswire/aston-bay-holdings-files-amended-offering-document

PRESS RELEASE FOR EARLY WARNING REPORT REGARDING GETCHELL GOLD CORP.

https://ceo.ca/@newswire/press-release-for-early-warning-report-regarding-getchell

Mayo Lake Minerals Update

https://ceo.ca/@newsfile/mayo-lake-minerals-update

Bonterra Announces Closing of Brokered Private Placement for Proceeds of $8.5 Million

https://ceo.ca/@newsfile/bonterra-announces-closing-of-brokered-private-placement

Novo Resources Corp. March Quarterly Update

https://ceo.ca/@globenewswire/novo-resources-corp-march-quarterly-update

Rockhaven Announces Improved Metallurgical Test Work Results on its Klaza Project, Yukon

https://ceo.ca/@accesswire/rockhaven-announces-improved-metallurgical-test-work

Collective Mining Announces Plans to List on NYSE American Stock Exchange in Q3 2024

https://ceo.ca/@newswire/collective-mining-announces-plans-to-list-on-nyse-american

Kudos to Deer79 for keeping the faith, and Mr. Copper if he called the bottom.

Seems currency markets may be turning into a mess, nonetheless the Fed had to keep us down on their appointed days, Fed meeting and Jobs report.

It is very early, but silver up 2% looks strong, gold up $16 – nothing to write home about, but hopefully the bleeding has stopped. Shares firm in premarket. It’s early though.

Charts definitely make most of this stuff a good place to bounce as GLD and SLV are still above their 50 and 200 dma’s. Overbought worked off, RSI’s 50 and 46 respectively.

Charts of shares are all over the map. NEM has yet to have the 50 cross the 200 dma. Others like GFI, GOLD, KGC have already and are holding.

BTG looks incredibly cheap to me, chart looks muddy but this is a good spot for it to bounce. They pay dividends, now at 6.5%. Canaccord Genuity has a price target of $5.48 USD, better than a double. DYODD though.

KGC announces earnings tomorrow, they are already expected to beat, so that might be factored into their price already. They’ve outperformed, so I don’t know. Probably depends on what the metals do – as always.

Long way to go yet, we’ll see.