Buying OXS is just common sense. I have £10k in there now, which could be worth zero or 20 times that in a month or so. Just a gamble, but great odds.
What's sad is that up to now that £10k in oxs has been safer than here. What a crazy market. CNR is so discounted that it just beggars belief. And yes if and when my 10k punt money delivers 100k + , £50k will definitely come here, to add to my existing £20k.
Very interesting article on ECB QE and well worth a read - this guy is no chump (and he is based in Switzerland, a coincidence? :-)
The reason its relevant here is because high inflation or even hyper inflation is mentioned as the eventual outcome of the current currency wars - and the best hedge against hyper inflation in fiat currencies? That's right and CNR has at least 2.4M but more likely 4-5Moz of the stuff which can be extracted at low cost...
Your portfolio is really your own business, but one thing I just wanted to highlight is the fact that your shares in CNR can now be held in an ISA (15k allowance for you and wife - so 30k total, assuming you dont have any other cash ISA's etc this year). If you dont have your shares in an investment ISA yet, it may be worth Bed and ISA'ing 30k before April 5th this year and doing a further 30k worth after April 5th for the 2015/2016 tax year.
That way at least if/when the SP does take off, you wont pay any CGT on increases you make over your initial investment+20k (10k CGT allowance each). Dont know about you but personally I dont want to be giving any of my hard fought investment gains to HMRC if I dont have to.. (gains - remember those?)
Obviously this does not constitute investment advice and the value of your investment could go up or down (yes, it could eventually go up! ;-) so you need to look at your own situation or take independent financial advice etc.
And I maintain that while it may seem counter intuitive to you, averaging down at current levels from your initial 160p investment (however small) is a good strategy if you still believe in the company, asset, management etc.
The other posters this am have covered everything else in terms of where Condor are in the market cycle, exploration cycle etc etc.. In short, there are still risks (high risk, high return vs low risk, low return, right?) with this investment - but barring natural disasters or geopolitical change in Nicaragua (government coup etc) Condor is well on track to either sell or produce at La India. That could take up to 2.5 years from this point, or we could get an offer next week - and anywhere in between the market sentiment will continue to ebb and flow - but value from the fundamentals here will out eventually.. Unless gold really is in a 6000 year bubble and the US have found some way to make gold from lead.. In which case our cry will be.. "Alchemy, alchemy, they've all got it Alchemy.. ;-)"
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