All directors do hold shares. Fiona Morgan 1.456m Jim Beyer 169.8k James Mactier 139.6k While it is true AISC has risen dramatically in last 6 mths. Some of this rise could be from fall in production of Gold which raises the cost, as expenses remain the same. Maybe Anglogold want 100% and stuffed up production to make figures look bad and reduce the price. Independence has in the past made a cool $300m per annum for holding the lease. Regis will have to sort out the problems with the operator. They can do that they are miners and smart?
I went to a presentation yesterday and was told to expect the US bond rate to rise to 5% by years end. The huge fall in earnings in 2020 from pandemic is reversing to a 16% rise in 2021. This along with global stimulus will overheat the economy and rising rates will stem the rate of rise.
Greensils has gone broke and a credit squeeze in china has started for the purchase of commodities.
All this turmoil and disruption will be good for gold by years end. I expect POG to rise in medium term.
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