Fantastic posting and your understanding of the global mechanics is somewhat impression and way to clever for me so keep posting as I'm certainly absorbing.
With reference to MGA I had an email from Malcolm Field the administrator and his timeline was always September and further to this I have contacted Bob Bickford but he has not responded which leads me to think that September is indeed the month.
The RNS confirms the cheques will leave early September and I'd expect those to be presented at the banks now and cleared by Friday next week at the very latest.
ECR have no control over this but us holders can taken advantage of this as the window is closing and I'm going for an w/c 22/9 for an announcement.
I have a 4m buy at a certain price to be filled and this $3000oz article isn't helping !
Harvey Organ"s article is compelling and I've listen twice to make sure I heard right !
This, if his expectations are right means every single gold junior and exploration company like ECR will have an almighty elastic band effect that will catapult their value as there seems to be NO physical gold left to feed demand.
None in the US and UK and the majority is held by the Russians and Chinese with India with the highest demand.
Theres already a global shift of power from the West to the East and the $ is no longer the favourite global monetary option.
NB. denominated in the Yuan, so the stickiness of the US$ gold link will be broken forever
At least it's something to talk about as we eternally wait for FH to get their finger out their a**e are allow MGA to exit admin. You have to feel that this is key domino in the cascading news flow to come.
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