Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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When gold breaks out up we go, if gold goes any lower then who knows what the sp will look like but won't be pretty
Cheerful, don'f forget they've been mining there so the figure is NET of depletions.
Yes - thank you to those that generously shared updates and their insights from the AGM. It’s appreciated.
I‘m looking forward to the investor meeting. What I can’t quite follow is that Yan SE deposit has not grown since the Nov21 update. I’d expected some increase given drill results were described as stellar etc. I also remember the talk of 10 year life of mine. We didn’t get that far yet. Maybe there’s more to the story that we’ll hear on the call
Atkinson runs out of silver britannia they still got gold. My portfolio is down 46% from the top few months ago, so buying more physical ... I'm nervous with too much cash...
https://atkinsonsbullion.com/silver/silver-coins/1oz-silver-coins
Morning.
POLY is a wild one for sure - I did quite well there myself but after few swings I thought it was time to walk away, just too unpredictable :) I'm still holding RSG though - I liked 12p from a good while ago there which is where she's at now - an outside chance of 9p perhaps but it's all good.
We've all got red in our PFs, that's the game - right now my girl and I have a number of shares, including HUM, that are underwater but similarly technically oversold as HUM is now but if you don't ride those out then you never get a 35% return for a year, there's no need to buy dead-bottom if you're patient but you do also need to be somewhat accurate about real-world valuations :)
Fun fact BTW - so I'm looking to pick up a 100x box of Silver Britannias on a suitable drop in the Silver price but Atkinsons aren't playing nicely with pricing such that the coins I bought at £28/$26 Silver last year are pretty much worth the same in Pounds now at $19 Silver :) Funny old game but the Pound got clobbered in the interim period of course. Who knows, maybe I end up at +40% on those coins from last year merely with Silver going back to $26 :)
There's a lesson in there somewhere re Pound/Dollar/Gold/Silver ...
What on earth you holding poly for.... Anyone trying to bottom pick that, deserves the 100% capital loss that is coming there way.
Sell it anon, all you did from buying it was provide an off ramp for russians. Besides the non Kazak mines will end up getting seized leaving all the massive debt on the Kazak assets which will cripple it, likely default and delist
Oh, I forgot to say. I am mostly in cash and you can probably see why.
I don't think I could pick my nose, let alone a decent stock.
"5% in your pension sounds like quite a chunk but FWIW, I took over my partner's SIPP a year ago - she's 35% up for the year and all of that 35% profit is in here now - how'd ya like them apples?"
Whereas my Pf is about 35% down.
ITV -27%
JRS -33%
OPTI -55%
POLY -34%
SBTX -65%
SOLG +18%
And this mutt -36%, even after those two top ups.
I think it's fair to say that if I buy it, everyone else should get the F out, pronto.
Evening.
They've zero intention of raising rates anywhere near inflation - they can't do it because of the debt - sustained long-term inflation is the only way to reset the ponzi.
This just in: Markets are currently pricing in -15bps of cuts by March 2023
With a bit of luck we'll get "soft" pricing for the next six months - if they can manage it - and then we'll be off to the races from Q1, if not before (September?).
5% in your pension sounds like quite a chunk but FWIW, I took over my partner's SIPP a year ago - she's 35% up for the year and all of that 35% profit is in here now - how'd ya like them apples?
This next 12-24 months is really going to be something special for the precious metals space IMO - I can't wait to see how it all plays out :)
The thread title says it all.
I've taken some at 10.4 yesterday and 9.9 today (which isn't showing).
It's been a while since I said I wanted 10p, but hey ho.
I think I've hit my limit here, but who knows, sub 9 and I might be tempted to buy some more.
I can't say I'm in the slightest bit keen on the mangement here, but surely the risk/reward ratio has to be worth it at this price?
I hope so, else that's 5% of my pension gone.
Brucey Bonkers...
Keep your eyes on the 2-10 yield curves of EU and US, stagflation will result in the bond safe haven trade, yields will fall making it impossible for CB's to raise rates to any where they need to be match inflation. Probably not many will agree with me at the moment but I see the TNX going sub 1.5% by this time next year, which will force the fed to reverse QT and embark on even more QE, europe will follow the fed, they always do.
Or they'll do nothing and finally settle for letting nature take it's course, like they should have done since 2009.
Ps... It was the TNX going to sub 0.80 which gave gold it's leg up to 2200 in 2020
- Soon as FED blinks, between now and Year-End - Gold price goes bonkers (hey your name)
- Or a huge global recession with unremitting energy cost increases keeping inflation persistent (stagflation) - Gold price goes bonkers - Last 5 months has shown the world is dependent on two remaining swing 'cheap energy' producers and Saudi has just said we can't produce much more and the other one we're at war with)
- Then there's global property prices based on cheap debt..
Anyway if Gold hits 12 month lows by 31/12/22 I will check myself into a asylum lol
I don't expect the Fed to blink in July but if they do - and of course I have been saying for a year or so now that I liked 2022 H2 for some action on Gold so this is my bias speaking no doubt - then I wouldn't be at all surprised to see Gold set a new ATH in a straight line as it would be a terrible signal to send to the World but, imo, not an entirely unexpected one.
Probably though they're going to go with 50bps in July whilst claiming that Core CPI has dropped for three consecutive months, which it has, so "inflation has been defeated" but that's not the same as saying that inflation is about to crater - it can't over the longer term as the US would be skirting with bankruptcy if inflation isn't significantly higher than new debt rates/yield during an economic downturn. If they need to drop trillions of YCC then they'll do so.
They've simply got to keep the strong inflation going so I'm penciling in c5% for the CPI as a base for the next five years or so to keep the tax revenue boosted - number must go up.
As for HUM - at this price there is literally no lower price or bad news that would make me sell any shares now - screw the shenanigans at Yanfolila, they've got 2.75m ounces of Gold reserves banked, now's not the time to lose your nerve IMO - who TF knows where this/Gold could be in six months time but let's find out ...
Agreed fella - We're basically on the same page, though I'm still trying to think of what the trigger point here will be - won't be company specific but something like a Fed 'big hitter' saying we can't raise rates any further.... (while inflation remains at ATH)... that should do it ... Still I have bought so many of these (sigh).... but as I said before, when we get gold at 2.1k, 2.5k or a lot higher by year end (or end of Q1 '22 if pessimistic) - then Dan, Me and all other share holders are going to be having a right old 'Tory party' night of it. GLA
Till then fighting against 'the market can stay irrational longer than you can stay solvent' is my current mission lol
With a bit of luck they'll slide this sideways until September but the way US Q2 GDP is going the Fed may very well blink as early as July and then I can't imagine what holds Gold/Silver back.
All that said, I have to wonder just how bad HUM's Q2 update could possibly be to suppress the SP any/much further in the very short-term as it's so technically oversold now - maybe they can wrangle another couple of pence out of it, maybe they can't but the upside possibilities from way down here .............
plus I'm so in the red here I almost don't care, my belief I was master stock picker is over (only from 2017 to 2019, though it did pay for my year around the world aka 'a rising tide lifts all boats'). One truth is when people work out all the world's central banks are f*king hopeless then that's when things get interesting - IMO Gold is going mental by end of year... thats all I have. Good luck all. I f***king need it too. lol
ps
But if you could keep it at 10p or lower till by tax rebate comes in (next month or two) I'd appreciate it all. x