I think this is because Warren Buffet buy gold mine and not gold shop or gold trader! NME have potential become a gold miner + higher gold price = Higher MUIP sp.
Someone will ask if that area so great why NME want to share with MCT. The answer is NME was fuck up financially over last 10 years(almost 0 cashflow) and unable to explore(drilling) thus give the opportunity to MUIP and MCT.
MUIP have timely convert their convertible note to NME share last year(not yet officially issued by NME) while MCT JV for the Drilling.
I hope does are new to this counter understand the risk and reward so that not to over invest or miss this 1 in life time opportunity. ________________________________________________________ Kevin Tam With the goreng mood back to market n gold price at USD2020.... tomorrow will test 49-50 cents n for those collecting below 30 cents, just few days , have earned more than 70% ( if above 47-48 cents....)..... this counter has stronger momentum than Poh Kong n Tomei ...
Muiproperty n Mui group under senior Khoo was always too conservative, so they only started with AUS1.5 mil loan to Next about 6-7 years ago n the bonds is convertible bonds n they only converted the bonds to common shares of Next ( the company exploring gold n listed in Australia) not long ago ... There is risk for this counter but Muiproperty has been profitable for few years n venture into gold mining just a plus point for the company...
Buy when it dip as gold price expected to fluctuate between 1900 and 1950. When us election come gold price will up till 2500 and muiprop will be 80cents
Metalicity Limited (ASX: MCT) (“MCT” or “Company”) is pleased to announce the return of first assays from the Phase Two Drilling Programme at the Kookynie Gold Project2 in the Eastern Goldfields, Western Australia, approximately 60 kilometres south southwest of Leonora. The Company has received assays for the first 16 holes of the expanded drilling programme currently underway at the Kookynie Gold Project. So far, the drilling has confirmed significant and extensive high grade, near surface gold mineralisation at the Leipold Prospect that not only continues to the southern strike extents, but down dip as well. There are 24 drill holes remaining at the laboratory pending analysis, which is due in late August with further samples being dispatched periodically, with drilling still underway at the Kookynie Gold Project. Commenting on the drilling results, Metalicity Managing Director, Jason Livingstone said: “It is incredibly pleasing to have extended the mineralisation at Leipold along strike and down dip with the return of the initial holes. It is apparent that the Leipold mineralisation extends a considerable distance, some 250 metres south, past our previous drilling, and I look forward to receiving the balance of the assays and the results from our current drilling which is underway.” The full announcement is available on the Company’s website or on the link below:
Gold prices dipped Monday as optimism over U.S. authorization of a blood plasma treatment for Covid-19 and a relatively firm dollar weighed on safe-haven appetite.
But declines in the yellow metal were capped by concerns that Federal Reserve Chairman Jay Powell will present on Thursday a dour assessment of the U.S. economy at the central bank’s annual Monetary Policy Framework Review amid the coronavirus pandemic. Powell — who will be speaking from home instead of Fed’s typical Jackson Hole, Wyoming, venue for the speech — is expected to make the case for stronger monetary stimulus to help the economy — a dynamic that would clearly weaken the dollar and boost gold.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Stockiss
700 posts
Posted by Stockiss > 2020-08-19 06:33 | Report Abuse
Gold Future Price : 2,012.25 +1.60 , all set to test USD2,020 again in our morning.
MUI out-performed NICE yesterday, gained 40% although NICE has 4.5X high volume. Looks like the gold counters are heading to another shinning day.
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