Ann: Becoming a substantial holder, page-13

Extract fromthe good people at St@ckhead re gold in 2023 & sought after companies. Onceagain, PDI is ranked as a standout developer that’s yet to be fully recognisedyet. Great article in its entirety.

Good luck allholders & merry Christmas

Expertspredict a big gold breakout in 2023

• Experts see gold approaching US$2000/oz in 2023 after holding up remarkably well against the rate hikes of 2022
• Martin Place Securities says currency weakness will prompt buyers to turn to gold as a safe haven
• Argonaut’s Eddie Rigg gives his pick of the top plays in the gold space

After two years besotted with crypto and battery metals, investors couldcircle back to gold miners in 2023 as the rate rises and cost pressures which have hammered the sector ease experts believe.

In search of a better phrase, gold equities have been honking for muchof 2022.

2023 outlook

“The way the technicals run for me is that we should we should testUS$1850-1870 possibly before the end of the year through to US$1900. If we gothere, we almost certainly go very quickly to the previous high of sort ofUS$2080-90,” Dawes adds.

“In a bear market you’re always forecasting lower, in bull marketsyou’re always forecasting higher, but what we need to understand is that oncewe do get a bull market starting in something like gold, it runs for years andonce it gets that momentum it just runs.”……….

…………From an African perspective, Rigg thinks PredictiveDiscovery (ASXDI) andits 4.2Moz Bankan find in Guinea is another standout. Like De Grey’s Hemi, he says the consistency of the orebodyand predictability of drill hits makes it standout geologically. “It hasn’t been as well recognised in the marketplace becauseyou’ve got some permitting issues,” he said.

“But those pemitting issues they’re moving through those andthey’ll get those those dealt with and to us once I get that permittingresolved and get they’re updated. I think it’s a scoping study in the firsthalf of next year, and it’s another absolute takeover target.” ……………….