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Here is an eye opening must watch video for your vieiwing pleasure
Yeah Tom, I'm confident in knowing their fundementals and near term outlook/guildance are solid along with being one of the most, if not the most undervalued producer in the sector, I don't need charts except for maybe historical reference. T/A said there was a wall at .76, GSS blew right through that today, depending on what gold does, we may or may not revisit that price. I'm not losing any sleep over any of this, due to the undervalued nature of GSS, there will be a day soon where GSS under $1 will be history, just like .20 is now history.
Your gonna wind up pricing yourself right out of the sector, I'm sure this is precisely why you didn't capitalize on last years run up, you were still waiting for lower lows and you missed the run, but to each his own.
You wouldn't be talking like that if you had bought MUX @2.18, my biggest holding @.67, GSS is ripping higher.
Comex opex is today or tomorrow? London is next week?
Gold Flash-Crashes Below $1300
Last night...
Priceless comment section.
http://www.zerohedge.com/news/2017-08-30/gold-flash-crashes
Their trying like hell to slam gold this morning...it's looking strong though.
Yeah thanks Cork, sure looks like money laundering on a massive scale doesn't it?
Thank you JD, What a perfect scam the Fed has going, they covertly pump up the markets with tax payer debt and money lent (interest free) to select corporations to buy back shares at unprecidented levels, making there cronnies and a connected few very wealthy, all while placating the sheeple with fake inflated 401K's (that by design cannot be pre-retirement liquidated without huge penalties), thus preventing any questioning or unrest. Hidden from the ignorent masses are the real ramifications of the growing US debt, along with real inflation, not the reported fake numbers ie; housing, insurance, healthcare, groceries, lower/stagnent wages, education, CC interest, no interest on savings etc. The ignorent middle class in this country are being slowly boiled alive (boiled frog syndrome) and robbed through this continuing fraud and they don't realize it or even want to have this conversation, just unbelievable isn't it!
There is the $10 smackdown we've been waiting for, let's see if they stop there...I think not.
Dow rebounds 150pts, awesome, everything is fixed again, YIPPIE!
A War will be GOOD for the stock market.
Just like higher interest rates are now GOOD for the market.
And low interest rates, ya, those were GOOD too.
Just like Trump was suddenly GOOD for the market.
And Brexit was GOOD, and the Italian Refferendum was GOOD.
Like low oil prices were GOOD, and higher oil prices are now GOOD.
Continuing and ending the QE program were both GOOD.
Missing and meeting jobs expectaions are BOTH GOOD.
There is no BAD in a rigged stock market.
The stock market is rigged to go up no matter the news nor economy.
Cork, Did you see that TOTALLY bullshit $18 whipsaw in gold at 9:45, ha, ha, ha, how many billions did that represent, gold would have rocketed through $1300 minutes later without that STRAIGHT DOWN slam, what a bunch of deperate cheating phucks!
Fed investment advice:
Fed's theme song:
Instead of posting the same news over and over, why don't you try to explain who is doing all this selling and why? I think it is big pockets with the aid of mm's holding the pps down to accumulate a large position. This has been going on long enough, GSS could be at risk of a delisting threat resulting in a reverse split at being under $1 for this long. Just my 2 cents.
What about the Dow being straight up 190 points on NOTHING with NO volatility, NO dips, NO v-shaped recovery, all in a very tight trading range, not to mention the S&Piss or NASCRAP. Everytime there is a dip in the markets, they just have to get it ALL back in ONE session don't they. Ha, ha, ha what a joke, how many more billions were quietly added to the national debt with today's folly (I read it costs 1 billion to pump the dow 100 pts). They don't care anymore, just entering digits in a computer, NO accountability, NO oversight, NO audits, complicit media, dumbed down public, they are ALL on the take, our nation be damned, as I'm sure it will be!
In my view, it's a lot easier with a little fact checking to decern fake news, then trying to use charting that is repeatedly rendered useless with arbitrary intervention after intervention. Company fundementals and extreme undervalue are my real focus, PM price is secondary and out of my control but, critical to my success in miners, hence I watch them closely but, even though I own physical for insurance, I do not and would not trade in them.
I'll give you that...you are very good at charts and in old school, normal markets that would be/use to be a valued skill that obviously took years to perfect, I would not want to let go of it either. Fortunately for me, I did not have to spend all those years learning charts and T/A, instead I got into these markets late and have been able to rely on global news cycles, company fundementals and my common sense in these HFT algo driven farcical markets.
As Cork and I have been stating for many months now...T/A is meaningless in heavily manipulated markets.
I said "pretty much" bankrupt, they have fallen from over $3 to just over .11 in the last year and have just been de-listed fron NYSE.
Like I said PL, age old correlations have all but been destroyed by the constant fraudulent market interventions of the CB's. There are no markets, only interventions, this will not end well.
Primero Mining is pretty much bankrupt and Black Fox now belongs to MUX, sold at neary a 200M loss.
I haven't seen where PM opex means sh!t anymore as an indicator, pre-opex PM's get arbitrarily slammed, post-opex PM's continue to get arbitrarily slammed, I have not seen any real +/- correlation in PM trends around opex in a long time, it looks like we can add that correlation to the pile of others that have been destroyed though their constant market interferrance.
CLEARLY, there are insiders that control the miners and they knew gold was going to spike this afternoon, hence the run up ahead of time in most miners this morning.
Very interesting how most miners are now green ALL at the same time with no rise in gold, sure looks like someone has control over them, hmmmm....
Bitcoin price tells you where gold would be without the constant suppression, you can bet the assholes in charge are scrambling for a way to control it.
Golden Star Resources' (GSS) CEO Sam Coetzer on Q2 2017 Results - Earnings Call Transcript
Aug. 2, 2017 2:50 PM ET|1 comment| About: Golden Star Resources Ltd (GSS)
Q2: 07-30-17 Earnings Summary
Press Release News
EPS of $0.02 beats by $0.01 Revenue of $77.3M (+ 50.2% Y/Y) beats by $0.31M
Golden Star Resources Ltd (NYSEMKT:GSS)
Q2 2017 Earnings Conference Call
August 2, 2017 10:00 AM ET
Executives
Sam Coetzer – President and Chief Executive Officer
André van Niekerk – Executive Vice President and Chief Financial Officer
Katharine Sutton – Vice President, Investor Relations and Corporate Affairs
Analysts
Andrew Breichmanas – BMO Capital Markets
Robert Reynolds – Credit Suisse
Operator
Good morning. My name is Jody, and I will be your conference operator today. At this time, I would like to welcome everyone to the Golden Star Resources' Second Quarter 2017 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
Sam Coetzer, President and CEO of Golden Star Resources, you may begin your conference.
Sam Coetzer
Thanks, Jody, and good morning everyone. As you heard, I am Sam Coetzer, the President and CEO of Golden Star Resources. Thank you very much for dialing into the call this morning, following the release of the second quarter results yesterday after market closed.
Before I take you through our results, I would like to pause and speak to you about a very unfortunate incident that occurred at our Wassa underground mine during the quarter. Very sadly one of our colleagues was involved in an accident, who was a load haul dumper, and it resulted in a fatality.
Although Wassa Underground has established safety record, this incident has rocked the team tremendously, and we're all deeply saddened by it. Before this incident Wassa achieved 7 million hours lost time injury-free, which is remarkable. A full investigation was conducted, and we are focused on ensuring that this kind of incident will never be repeated. Safety remains our top priority of both of our operations, and we are now approaching working safely with an even stronger determination than ever before.
Now let's take a look at our performance over the past quarter. Please take note of the disclaimer, and then we will move on to the next slide. Joining me on the call this morning are André van Niekerk, our CFO; and Katharine Sutton, our Vice President of Investor Relations and Corporate Affairs. After the presentation, there will be an opportunity for you to ask questions of all team members here, but first, like we always do, let's recap who Golden Star is and why you should invest in us.
I'm sure this slide is familiar to many of you, so I will just take you through it briefly. Golden Star is an established gold producer with two producing mines in Ghana, which are considered as stable jurisdiction. In 2017, we were expecting to produce between 255,000 and 285,000 ounces of gold, but production is expected to expand and costs are expected to continue to decrease in the coming years. This is due to two high-grade underground mines and particularly the Prestea Underground, which has a head grade of about 14 grams per tonne. We have mineral reserves of approximately 2 million ounces, and significant upside potential. So going forward, we'll be focused on expanding the lives of our operations.
We also have one of the largest land packages of any company currently operating in Ghana. We have an experienced management team with a complementary skill set. Despite our strong performance over the year to-date, we remain undervalued on a number of metrics compared to our peer group. Meaning, there's an attractive entry point for investors to buy into our stock.
Last week I was in Ghana visiting our two mines, and meeting also with the Vice President of Ghana. I also gave a speech to our team at the Prestea Underground and to some local dignitaries. And the theme I used was one of pride. I continue to be so proud of the way that Golden Star is transforming itself. It's a very exciting time in our company's evolution, and at this stage I want to thank everyone in this company fulfilling together and playing the important part in helping us reach the stage. We are now producing from four sources of all and this give us greater flexibility than we did before. And we are becoming closer than ever to our goal of becoming a high-grade low-cost gold producer.
Hence, NO difference between the two parties...they are ALL bought and payed for, one will just take us down the rabbit hole faster than the other.
Don't lump GSS in there, they have turned themselves around to be coming a low cost high grade mid-teir miner, 2Q EPS and revenue beat.
Tom, I can't believe MUX and EXK are both under 2.20, I thought you were a buyer of MUX @ 2.65, you should be loaded up.
Now Trump's tweets move global markets...what a sh!tshow.
They are desperately slamming gold right back down as we speak, what a bunch of cheating cowardly phucks.
They slammed gold $15 yesterday because they knew the USD/JPY was going to drop today causing gold to run, gold would have been $1290 plus right now instead of the current $1275.
"JCTF" don't give them any ideas, just hilarious!
http://www.zerohedge.com/news/2017-08-08/us-job-opening-soar-record-high
So, today they released more fake jobs data I have never heard of before called JOLTS, "Job Openings and Labor Turnover Survey" and slammed gold with it. Has anyone hear ever heard of this, is this yet another new data tool created by the BLS "Bureau Lies and Shenanigans" to manipulate markets with?
I'm loaded up at @.67, should be a nice payoff within the next year, if not much sooner.
So, the dollar crashes 900 basis points since March and gold not only doesn't rise, it falls, today fake job numbers are released, the dollar rises by 60 basis points and gold gets slammed $15. What is wrong with this picture...HANG THESE BASTARDS, ALL OF THEM!
GSS is funded and on track for 325,000 oz for 2019...2019 $1 calls are currently .20, unreal!