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GFI taking another knock today - down 3.8% is frustrating but not unexpected given the broader market sentiment around the sector. The dividend yield is still holding up decently at current prices, so I'm looking at this as a potential entry point if the fundamentals haven't deteriorated. Anyone else holding or are people taking profits here?
GFI's down 3.8% today and honestly it's hard to tell if this is capitulation or just noise given the volatile market we're in. The dividend yield is still sitting around 8%, so if you're in it for income the dip might be worth averaging down, but I'd want to see what's driving the sell-off before throwing more capital at it.
GFI taking a knock today, down 3.8%. Might be worth checking if this is just noise or if there's something brewing with their fundamentals - wouldn't be the first time the market gets spooked over nothing, but could also be a decent entry if you've been watching it.
@bullhammer_sa what about those SA labour costs though mate
R639.42 HOLDING STRONG!! GOLD NOT DONE RUNNING!!
GFI closed at R639.42 but the gold price keeps grinding higher and that's not flowing through to the stock like it should. reckon the market is still spooked about the rand weakness eating into rand costs, plus those labour issues at some of the SA shafts never really went away. if spot holds above 2000 usd the miners have to rerate eventually, but GFI needs to show output numbers first before the punters come back in.
GFI PRINTING MONEY FROM THOSE PERU AND GHANA ASSETS WHILE EVERYONE PANICS ABOUT RAND WEAKNESS!! GOLD PRICE IN DOLLARS KEEPS RIPPING AND THESE GUYS ARE HEDGED BEAUTIFULLY, BEST IS YET TO COME!! NEWMONT AND BARRICK DID THE SAME THING YEARS AGO NOW THEYRE MASSIVE!! R639 IS A GIFT!!
GFI closed at R639.42 and ngl the gold price is holding up well against rand weakness. With operations spanning SA to Peru to Australia, they're way less exposed to local grid collapse than the Harmony boys. Production costs staying lean means when bullion runs, this thing will move harder than the single-mine plays.
GFI sitting at 639 is starting to look decent if gold stays firm. Company's been grinding through cost inflation like everyone else but the Peru and Aussie ops are actually solid, not like some of the local stuff. Eish, ngl if spot holds above 2000 usd this could run.
gfi sitting at 639 but production costs creeping up across the mines, especially in ghana and peru. gold price holding but margins getting squeezed ja, not seeing the institutional buying we saw last year. long term thesis still there with those asset bases but shorts know the leverage cuts both ways when bullion dips.
GFI closed at R639.42 and honestly the gold price holding up is doing heavy lifting for the margins here. Cash generation from Ghana and Australia ops is solid but the rand weakness is a double edged sword, helps export economics but rand costs are climbing. Long term thesis still there if gold stays bid but need to see production guidance met, not just commodity tailwinds doing the work.
@tsquared_jse yep, earnings are gonna decide this
GOLD FIELDS TO THE MOON!!!
@tsquared_jse ja nailed it, just noise innit
GFI's having a decent day with that 3.1% pop, but I'm keeping my eyes on the fundamentals before getting excited. The stock's been range-bound for a while so I'll need to see if this breaks through with some real volume and if the dividend yield still makes sense at these levels.