Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Massive list just look at the Nasdaq - I’ll open with Amazon
Thanks Steve , I am open to changing my mind ..but name me one investment craze that crypto is experiencing that has lasted the test of time , whether that be tulip bulbs , dot com companies ( they were around for years ! ) or sub prime mortgages ..just one and I might change my mind
Oh wait ...it's different this time...
Me thinks not ..you haven't addressed my energy point .or the slight matter of taxation ..where are the governments going to get their revenues to fund schools , hospitals and road building to name just a few
Honestly , how can you have a revolutionary medium of exchange which has such violent price swings of . Gold is no longer a currency as such , but at least it can be used to make things with ...Gold has been around for centuries , and it too has a limited mine life of extraction (only 20 % remains .I don't buy into crypto..although who knows, maybe I am a dinosaur after all ..my son will agree with you on that one and he is much brighter than I ever was , even before epilepsy harmed my ability to remember my own critical thinking skills .
Just of a matter of interest , how many crypto currencies in existence are there ..I counted about 50 at one point..what will happen to them ?
*replace do it with don’t
5years of holding cryptos with a small part of portfolio has massively outperformed anything by a country mile- taken out already 3 times my original investment and still the biggest profit- my only regret, not having bought in with a greater % of my portfolio. Am conservative by nature and my portfolio is diversified- the next highest risk items in my portfolio are gold stocks. I do it plan to increase my % in gold stocks or crypto- happy with my overall risk strategy
Tell you what Steve ..I have a £20 note in my pocket ..you can have it for £25 and sell it to Gold Gnome for £30
Sorry , I respect you both enormously, but I think you have made a wrong call on this .
Time will tell ..
Ha Ha roulette is very closely regulated, the market more resembles legal piracy, with the pirates the law.
Yes Mr Tibbs I will always remember Mack. Interesting person.
You would have to be mad to think BTC is a safe(r) hedge against inflation!
But to be fair, I also called a friend mad when he invested ~£1000 into SafeMoon earlier this year. It was £36,000 within a few days and he sold it all later for £15,000. All this within the same week.
May as well go to a roulette table ….
Hi Mr Gnome & Mr Bond
I am sure you will recall Dave Mc from Capital used to post on here about how he often came across these illegal artisanal mining camps and how the Egyptian army would keep chasing them off?
https://www.youtube.com/watch?v=KPS7ShcTxDw
https://www.reuters.com/article/us-gold-mining-artisanal-explainer-idUSKBN1ZE0YU
candid, I was called a dinosaur back in 2000 when I ignored the dotcom companies floating on the LSE. One that springs to mind was Oxygen Holdings. It consisted of 5 guys and a room. No assets. They were supposed to be 'clever guys' selling ideas to make students rich. Their sp floated at 2p and closed the day at 65p. There was a surge of people not knowing anything about investing getting sucked into this promise of overnight wealth. The companies with no assets seemed to fair the best as anything tangible could be 'priced'
Yes those that bought Oxygen at 2p and sold at 65p on that first day of floatation made a killing but the vast majority of inexperienced investors lost the lot.....
It has to be acknowledged that the US based ETF Fund which opens for trading tomorrow and which has passed the final hurdle from the US securities and exchange commission , is an investment opportunity which might generate high returns for new entrants; (digital investors can buy on the dip within an hour for instance ) the ETFs are only futures as halfpenny says..and the future threats are being ignored..threats being amongst other things , taxation and responses from environmental lobby groups . I read one report which highlighted that one bitcoin mining farm has consumed the same amount of energy as 100 countries combined .
Another commentator has drawn an analogy to it being the equivalent of one investor exchanging their fresh air with another ..maybe not an apt description given the energy consumption statistics , but the underlying message is the same .
Here we go again, the old tulip one dragged out- you need to understand how it is mined and works it’s not going away- crypto is here to stay and more and more use it as currency. Why are people so against it? They like paying fx transfer fees, bank fees etc etc nuts
Crypto/ bitcoin is essentially pyramid selling. But I suppose you have to ask what is the value of anything? If you were stuck in the middle of nowhere how much use would bit coin or even a small piece of gold be? Food, something to light a fire , a knife would all have more value. I suppose gold will have some value for use in industry/ electronics etc and even if its value went down greatly I suppose people would still like it for jewellery.
Back to the pyramid selling. I suppose the Dutch tulip bulb "Tulip mania" was similar, in that some people made a lot of money but at the end a lot lost out.
More recently, the selling of debt and the sub prime mortgages. People were selling on bits of paper and people were thinking that the paper was worth what it said on it. It was like writing out cheques when there isnt enough money in the bank.
There is a fair chance that bitcoin will continue to go up and down for a while yet and some people will win and some will lose trading in it. Eventually it will go bust and some people will lose a lot of money on it. It is a game of pass the parcel and at some point the music will stop. Or maybe is it more like a game we used to play as kids , called "catch the bomb", where a ball was thrown round a circle while people counted down. The person who had the ball at the end of the count was "IT"
My youngest son , who is a maths graduate is a bitcoin fanatic, and accuses me of being a dinosaur, where digital currencies are concerned
To me though , they are nothing more than a digitalised ponzi scheme, which will one day be exposed as such..it might though take the scenic route towards discovery ..
Seeking Alpha Mon 11 Oct
Investors will be keeping a close eye on rising costs as the Q3 earnings season kicks off this week. Price pressures could pose a problem for corporate profits in the current quarter and beyond, with the S&P 500 already down 3.2% from its September record. Supply chain bottlenecks, labor problems and outsized demand are all leading to shortages, while a jump in raw material costs is pressuring companies' bottom lines.
Red flags: Last month, FedEx (FDX) dropped 9.1% after reporting soft earnings and cutting its financial outlook due to a challenging labor market. Nike (NKE) also slid 6.3% on lower-than-expected revenue from lost production in Vietnam, while Bed Bath & Beyond (BBBY) plunged 22% after citing inflation for a sharp decline in quarterly sales. Ballooning costs could spread to the banking sector, with JPMorgan (JPM) kicking off Q3 earnings on Wednesday. Lenders may be squeezed by rising pay and hefty spending on technology to compete with fintech challengers.
Analysts expect that earnings from S&P 500 companies grew 29.6% in the third quarter from a year earlier, when businesses were working to recover from the effects of the pandemic. But that's down from 96.3% growth in Q2, according to IBES data from Refinitiv, which also sees net profit margins declining from the previous quarter.
Commentary: Costs have emerged as "a great wild card for the quarter and for the outlook" of the industry, said John McDonald, senior analyst for large-cap banks at Autonomous Research. "If they're having to pay more and they're unable to pass it on to end purchasers or consumers and it's hitting profitability, that's something that will be concerning," added Holly MacDonald, chief investment officer at Bessemer Trust. Companies have already attempted several techniques to clamp down on costs, such as cutting back on customer services and conveniences, or shrinkflation, where product sizes are slimmed down but prices are kept the same.
Investors will enter bitcoin ETFs thinking they're buying bitcoin whereas the lemmings are in reality buying futures in bitcoin not the same and missing the point of bitcoin which in reality isn't an alternative currency anyway so imho won't undermine the $. I'll get back to my popcorn whilst watching how this all plays out..
Gold up, CEY down….what a surprise.
(I obviously meant to say *money* is leaving gold ETFs and entering crypto')
In essence, gold is leaving gold ETFs and entering bitcoin.
JP Morgan: "we believe the perception of Bitcoin as a better inflation hedge than gold is the main reason for the current upswing, triggering a shift away from gold ETFs into Bitcoin funds since September".
Paul Tudor Jones: "crypto is his preferred inflation hedge over gold right now"
Hopefully, we'll see new money entering gold soon, but it concerns me that as interest rates tick higher, the opportunity for gold will be gone and the gold miners will fall sharply in response to that.
Bloomberg (paid content)
https://www.bloomberg.com/news/articles/2021-10-20/jpmorgan-says-bitcoin-s-record-run-is-being-driven-by-inflation?srnd=premium-europe
Equities in Europe traded lower in the premarket on Thursday amid renewed concerns about the fresh spikes in infections from COVID-19 throughout the Old Continent. The United Kingdom saw the highest level of cases registered daily in three months. Later on, British Health Secretary Sajid Javid predicted the country could soon hit the tally of 100,000 people infected on a daily basis.
Traders will also pay attention to the latest preliminary report on consumer confidence in the Eurozone, which will be released later in the day.
The DAX declined by 0.23% at 7:05 am CET. At the same time, the FTSE 100 decreased by 0.32%. The CAC 40 went down by 0.20%. Both the euro and the pound sterling stood flat against the dollar at 7:14 am CET, selling for $1.16531 and $1.38182, respectively.
Breaking the News / JR
Thank you for taking the time to reply Candid.
Your exit point for CEY is slightly above mine. I’ve got mental sells at 110p / 120p / 130p. I am just about in profit at the moment. Loved the divvies.
Good points re NRR. I agree. Tough spot. I did nearly pull the trigger for a 5% loss (should have now!!). Imo the sale was madness!!
I think people get confused about crypto's NFT and blockchain, and how these all relate. The NFT market is wild, unregulated and makes punting on Junior Explorers look risk free in comparison.? Yes, there is an element of pyramid selling in some of the crypto's whilst some are ... amazing. Apparently you can set you won crypto up now, using Freelancer and some Indian geeks (nothing against the Indians) for a few thousand dollars, and on the show goes....
But this aside there is some very solid logic behind the advantages of blockchain technology in asset management, financial transactions. The "sytem" at the moment is a complete shambles almost, and no self respecting engineer would own up to it. It lurches from ne disaster to the next, one scandal to the next, more money on the black side, than in the white..so to speak.
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority. Potential applications can include fund transfers, settling trades, voting, and many other issues.
Its taking out the "central clearing authority" that is very appealing.
https://www.pwc.com/us/en/industries/financial-services/fintech/bitcoin-blockchain-cryptocurrency.html
HENRY FORD: The people are naturally conservative. They are more conservative than the financiers. Those who believe that the people are so easily led that they would permit the printing presses to run off money like milk tickets do not understand them. It is the innate conservation of the people that has kept our money good in spite of the fantastic tricks which financiers play-and which they cover up with high technical terms. The people are on the side of sound money. They are so unalterably on the side of sound money that it is a serious question how they would regard the system under which they live, if they once knew what the initiate can do with it.
best
The ACTUAL areas up for grabs are MUCH closer to Sukari - as in immediately adjacent to the south! We were wondering why these areas weren't included in the last bid round - now we know they belong(ed) to Shalateen.
Centamin MUST bid on some of these as they're the only ones capable of bringing any resource to immediate production.
The closest concession details are screen saved here:
https://twitter.com/DonLawson_/status/1450960124286103557
Crypto ? Pyramid selling ..
I have no problems with debt per se if it is used to fund growth ..I like to make assets sweat, and nothing like a little debt to keep senior management on their toes and earn their salaries and bonuses
What I dont approve of is debt being used as a sweetener to shareholders to make dividend payments , and I don't go anywhere near companies who take on debt to pay for the housekeeping !
Sorry winged it ..a very long winded reply on NRR but there was lots to get through ..
Regarding Cey...the peer premium comparison on NBV on this basis alone suggests to me it is very undervalued , although it still has to be said that only 70% of its net assets are being employed , with the rest in non revenue earning cash ..that is about to change though .
My major concern remains that we only get 50% of the profits from the 70 % of assets which are employed , and apart from production which is within management control, they are heavily in the hands of the gold price which isn't within their control..and given that gold prices are still very high from a historical perspective , they would be heavily succeptible to a prolonged fall in gold price .
Exit point for me ? £1.35 to £1.40 if it can achieve that by March of next year .
It can and will get to £2.00 plus again at some point , but I would rather run, and roll up the gains on another share , although none are on the horizon for me at the moment . Market prices and PE ratios are too high.
As usual DYOR..