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Couldn’t agree more that the crypto coin digital currency frenzy is a ponsi scheme . Block chain technology may have some merit but bitcoin ethereum etc is as Warren Buffet says “rat poison”.
it is easy enough to lose money on Aim . I don’t need another way .
I don’t see crypto like bitcoin being a viable asset however tokenization will be the future , effectively just a digital share register . The crypto market will be regulated soon.
I was sceptical and I am cautious and personally the only crypto that I trust is XRP in the not too distant future every transaction will run on the Ripple ledger leverage of the XRP token as a digital currency instant transactions across all boarders no failure rate unlike swift and will usher in the new banking system if you see any news on CBDC from the Bank of England this is the technology that is going to be used throughout the world when you think or hear of digital cross border payments you now know of XRP .
Hi Cela24, generally I think your views are interesting to read, but when it comes to crypto, I'm a total non-believer. Wealth is built on labour or services supplied which increase the communal wealth. Investing is merely the supply of cash to enable that process to take place.
Crypto is all very clever but at its heart it's a Ponsi scheme. Yes, of course some are going to make money but each trader is relying on a following 'investor' to do the same - definition of a Ponsi scheme. Unlike traditional wealth creation, no labour or service is being supplied to enrich the community. In fact the very opposite is taking place. Resources are being used (it's often been quoted that the energy generation of a small country is being used to 'mine' crypto coins) to do what? Solve equations that do not need to be solved! If the effort was being used to define 'Pie' to another decimal point it would be of some use, but no, not even that. Once the 'equation' is solved, the whole process starts again - madness.
I have no doubt that one day Crypto and the trading of Dutch tulip bulbs will be uttered in the same breath.
No doubt I'll be told I have no idea what I'm talking about. Yep, maybe, but I'll be keeping my assets in more traditional forms while I wait for Crypto apocalypse.
Hi Ripple is the company behind the XRP token it is their technology that allows for cross border payments and any other type of payments that are to be made with the on demand liquidity that is the XRP token and what it was designed for , the Bank of England
Is soon to start CBDC transactions and Will harbour Ripples technology that has to use XRP as every transaction will have to go through ripples ledger each currency is converted into XRP and as it is instant and costs less than a penny to send there is no currency slippage this frees up the trillions bank have at hand and parked up in other countries to cover cross boarder payments and the beauty is ther is zero failure unlike swift system,the ECB is also going to start useing it ,all roads lead to Ripple and the XRP token being used I purchased XRP through EToro its well publicised that for XRP to facilitate all transactions worldwide it has to have a high value , a price of 10.000 dollars per token has been well reported in order to cover the liquidity needed , ODL is the future of Banking ,not financial advice
But are you investing in the crypto ‘coin’ or the company that owns the IP/ blockchain technology. That’s two very different things. A currency cannot work if it can appreciate or depreciate 40% in a day. The worlds financial transactions cannot be made in something so volatile.
I guess you havnt heard of XRP then
Soon to be the new financial currency for all transactions
Their ODL on demand liquidity eliminates all banks to hold funds all around the world tied up and XRP is used to satisfy all transactions it has more use case than many stocks and shares and has been compared to getting into google when it was at its infancy and without doubt will become the new world currency for transactions, unfortunately the banks and the SEC in the US are trying to delay the inevitable with a court case but when that is concluded mark my words XRP will exsplode, watch and see the outcome. But not financial advice !
Dreams don’t always come true
https://youtu.be/H_aKSeWxewM
Well crypto is just a very very risky commodity. No way should it be a Sipp investment. It can go down 30-40%too. The very fact it can and does shows it’s not advisable as a pension investment unless you are very careful with your overall investment strategy. Way too risky for most people. But sounds like you have done well. Good luck going forward
Looking at the movement of most stocks it’s painful watching the movement I tend to look every few days and nothing hardly moves and if it does it’s rarely more than a few percent
And yet I trade crypto as well and can make 30 to 40 percent
In a couple of days which isn’t unusual I just wish I could trade crypto through my sipp which you cannot but if you could I would dump all these and just trade crypto far better returns and this is why pensions are in trouble because there is not a lot of opportunities out there with stocks to make decent returns and it’s only getting worse crypto all the way hopefully one day , have held xtr for years and made more on crypto than with AIM stocks but sipp regulations need to change .
>>Las Bambas copper mine in Peru had been operating at a reduced rate since December 7, after Congress removed and arrested President Castillo. On Wednesday, MMG confirmed that it would start a care and maintenance period. The copper mine accounts for 2% of the metal worldwide, and protests are threatening to hamper access to almost $4 billion worth of copper.
Castillo has been removed from office and detained on charges of “rebellion” after he announced he would shutter congress and install a “government of exception” – just hours before he was due to face an impeachment vote.
Nothing but another tin pot dictator who swears blindly he had done nothing wrong. Although I can’t help but think, bring it on!
>>Someone still determined to bail no matter the SP.....
Production revenues are likely to only increase. Doubt that is the reason.
Could have lost faith or concerned as to how favourable the economic viability of BR is going to show.
For starters if it is concerning, what will be reported soon is more or less the preliminary economic assessment, which is basically just a snap shot of the current economic potential that will point to where improvements can be made. So to try to second guess if this is not going to show good potential is pointless at this stage. We already know from RNS and podcasts that further definition and test drilling with other technical work will continue, that will further improve on the economics anyway.
This study that is due is ‘not,’ a wether or not study! BR has already had that one in the summer of ‘21 and it concluded that the Racecourse deposit contains significant low-grade tonnes of copper and gold which may be economically recovered at a copper sales price above US$4 per lb
Economic viability of any new project is constantly being tested all the way up to a definitive final study.
Someone still determined to bail no matter the SP.....
If we get a x5 from here I'll be happy
Frustrating waiting TBH and currently sitting on a rather larger paper loss. Opportunity is now to add more
On the subject of the license extension, monday @13.18 this was quoted from respected LTH Captainbob, who attended AGM in ‘21 referring to CB. Not particularly significant, but still worth sharing.
>>> At AGM he again talked about extension to 2024 and ‘beyond being possible,’ with comment, “if of course we are still the owners,”
A further comment from that AGM that could go some way to dispel some of the concerns that have been raised previously that the company should not be taking on any further projects until BR is sold.
>>> They also mentioned a few smaller projects in Zambia that they are looking to progress, (also further exploration in Manica, as most is untested, and area very fertile with gold, they have several targets,) to increase income for further drilling programs if required, but saying these in themselves would be funded from projected cash flow, and ‘only’ when can be done without detracting from Bushranger requirements.
If BR is being prioritised, there is no reason to suggest it would not continue to be, over further Manica drilling, dependant on treasury. So hopefully any further raise may not come. It will be dependant on wether FairBride is now or will soon be operating within its targeted parameters
Will be hoping for a ‘minimum’ ten bagger from here if BR can be sold on, putting the market cap around the 200m range. For GGP, the market cap would need to grow to 3.75B to have similar gains. You could ask at what degree of probability are each company likely to see those gains within the next year or two?
I have had plenty opportunities to take decent profits and have missed them all, becoming too devoted to the companies and thinking it could get better. Sitting on large losses now on all aim shares, all in junior miners. I am still hopeful ggp will save me. Was 500k up at one stage, now just about break even.
Here I will be happy to break even, about 60% down.
Yes GGP someone took out part of pension start of pandemic and made significant gain
not that it made me super rich
was EEN an aim stock 25p to 750p
Just out of curiosity has anybody in the group ever had first hand knowledge of anyone becoming super wealthy investing in AIM shares ?
Bruce, your article outlines why I would be happy for XTR to begin a phase 3. Not only would the BR resource grow but the squeeze on Cu supplies would boost the Cu price. A trend that is only just beginning. It punters are willing to wait then we could ride a wave into a perfect storm. It would mean a longer wait but the rewards could/would be lifechanging.
Showing +0.20p on ii. Hoping start of recovery albeit a cautious one.
https://aheadoftheherd.com/copper-shortage-getting-real-richard-mills/
Those who had to pull out money to pay tax bill have done so perhaps? Maybe we can rise now a little, please...