Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
STAND BY YER WALLETS !!
Good news thou for the new buyers of ARB Like me, looks like the time might be now be right with most of the tourists now back home, licking their wounds.
Its a bullish pullback. Same happening on Gold.
People don’t understand some basic things. A 20% reduction in the size of UK plc = a 20% reduction in tax revenues. Add that to the highest borrowing in history and suddenly it’s like a 50% reduction.
Chuck in a deflating housing market. High job losses low vacancies and then US -China trade wars, US election, negative treasury yields, I could go on and the stock market is running near all time highs. Madness!
You see people quote inflation as being low and gold and BTC are seen as a proxy for inflation. But they don’t get beneath the data. Inflation is low because of of asset depreciation, I.e your car is cheaper, your house is worth less you business is worth less and atm those are masking cost inflation.
E.g food prices going up. Basic materials, utilities, Fuel ironically more expensive compared to cost. And you wait for the council tax bills to come out!
That’ll be hidden as the govt will pick CPI, why, coz it excludes housing cost inflation!
Its the council tax (rightly or wrongly, irrelevant) that is most peoples biggest bill apart from mortgage and the council tax / business tax will go up 5% min you watch. Then that puts other costs up.
Price inflation will then overtake asset deflation then interest rates will go up and gold and BTC value will truly out. Sadly.
I feel for my kids and the younger generation. Hence make a bit of money where you can so once your set ok you can help the kids out. I mean after a few luxuries you can’t exactly go anyway to spend it now!
ATB
As I see it Trek,
£1
Nice! Could be blue soon
Just be ready for the revolution.
Unfortunately economic depression historically = civil unrest.
UK law and order will be maintained but then didn’t we get riots in London?
For many countries tied to the USD it won’t be as sure. Just look at the impact POO having on Venezuela, sold for USD, less USD higher inflation, unemployment etc.
Funny thing is from memory didn’t they explore a crypto option?
Anyways, revolution, I hope not but you can be sure whoever is governing will do their best!
Trek
£1
Yer but do there best for who, the rich, them selves ??
Unfortunately my comment was tongue in cheek.
However, if you hold shares directly you’re rich. You are in the top 10% of the wealthiest people in the world! Rich is relative.
Health and happiness is wealth.
Trek
£1
More red!! Not if companies like MicroS https://www.coindesk.com/microstrategy-bitcoin-buy-protects-against-fiat-inflation Mack it their principal holding!!
Back to blue. There go the cheap ones again
And we are off!! Again....
it's a nice day here for sure. Rubbish yesterday. Yet at circa $11500 per btc anything below 10p a share here is a gift for a share worth 50p! Still we may still catch a monkey by its tail!
At least now we seem to be coupling with BTC.
BTC still in that 11-12 channel. It’ll break free soon. When it does I think it will find a new level. So big step up then sideways until next leg pulling ARB up with it. Could easily jump to $15 in the blink! That when we’ll see our 20% leg up here.
Look at POG vix, BTC notoriously more volatile. Big step coming imo.
https://www.bullionvault.com/gold-price-chart.do#
Trek
£1
Trek
Meant to add in terms of reality. If the market moved us from £20m MCAP to £25m there’s nothing to say on any fundamentals which price is right as both are cheap on an earnings basis.
Just looking for a catalyst. A BTC rise will produce that even though the purest here recognise that that might not proportionately play to the bottom line.
Some peeps would rather pay £25m than £20m for a similar ROI when you take into account difficulty and competition. Apart from Duke that is! Lol!
Trek
£1
Seems we're heading back up on the BTC front.
Hopefully ARB will reflect this to a push on 7p soon.
Agree it's nice to see we are mirroring Au/Ag again.
GLA, Arkonite.
Close to 11,600. Bouncing back. Good end to the week likely coming
11,600 chaps. Blue day on the cards. Hello 7p, long time no see....
Nevermind 7p, should've been 10p ages ok!
Come on bob,give us a chance to get our last cheap top ups in :-)
Oohhhh crypto’s bubbling again
12k must break soon surely. Upward trend very good.
Careful what you wish for, Splatted. A small, temporary drop in BTC but still a healthy $11K and down we go. FFS. A share in this very sound business model now showing evidence of it's quality and management and is at this paltry price. 10p surely soon to be, then onward and upward.
For so long Arb only took much wilder swings than btc on the downside. Now it’s happening up and down. Nice!
I'm looking for a staircase up 1k per month between now and year end based on the futures market call options pushing out. I would expect this to trade between 11k and 12k for another few weeks, then 12k and 13k etc.
https://www.deribit.com/main#/options?tab=BTC-28AUG20
These are just the foothills and I'm not anticipating any fireworks until next year.
The main risk is that the market dumps if the Americans elect Kamala Harris and bitcoin goes down with it. In this scenario 6.5k will be the top up level. Keep some powder dry just in case.
Have to disagree on the outcome of the US election. A Biden/Harris presidency would be much better for the US economy and the global economy than the short-term stock market bubble Trump has created. Trump only looks backwards (oil, coal etc...). More progressive policies in the White House would see a greater focus on the future (i.e. sectors like digital currencies and green initiatives).