Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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As someone pointed out if POLY was not Russian and Canadian it woud automatically be worth more to the market. To be honest I am highly impressed with the management of this company and still people jump up and down on little things that are not utterly perfect. Look at FRES update today, still a great company but they have a history of updates that show they struggle with things that POLY slide over like a greased eel. And still people whinge. This SP as many have observed is way out of whack with the fundamentals and potential upside. We are heading into an inflationary environment owing to all the unbacked fiat being printed, we have supply side shortgages which means more of that printed money is going to be chasing fewer goods. Crypto is the Emperors new Rags. Where does that leave the most lasting asset in history ? JP Morgan "Gold is money everything else is credit" Words reiterated a few years back by Greenspan after he left the Fed of course !
I wish you are right mate. As I am a shareholder here only want to see the SP rise. So, I am not going to argue with you anymore. Goodnight...
What I find most interesting is people like yourself who think they know it all....POLY is massively undervalued so take that 8 % off where it should really be...and I'll give you that....you have tunnel vision like a horse with blinkers on
Really? Now take a look at this:
(Sharecast News) - Precious metals miner Polymetal International said on Tuesday that third-quarter gold equivalent production had decreased by 8% year-on-year to 437,000 ounces.
Polymetal stated the drop came as results reverted to the mean following its all-time quarterly production record set in the third quarter of the prior year.
GE output for nine months ended 30 September was down 4% to 1.15m ounces, driven by planned grade declines at its Kyzyl, Svetloye and Voro projects.
The FTSE 100-listed firm stated revenue for the quarter declined by 7% year-on-year to $819.0m, driven by lower gold and silver prices.
Isn't it why the SP tumbled??
If you don't think much of the Q3 report may I venture you don;t know what you are talking about ? And slap down Tuesday all built on paper gold contracts that can be printed to infinity.....perhaps a new name Been there seen it done it still don;t know jack !
Not a very good for reading set of results there, most items were minus. Coupled with falling POG, no wonder it nosedived........lol
Oh no, another nosedive, now I am back to the red once more. This is ridiculous......... hahahaha....
The blockchain technology of course lends zero credibility to bitcoin. It will be ironic one will outlast the other and it's quite clear if that's true it cannot be bitcoin. There are so many things that will cause bitcoin to die on the vine and it will only take one of them to start the collapse. One of which is there very few btc left to mine and the increasing amount of lost coins. Now a btc fanatic will jump up and say that means bitcoin is deflationary as a currency(it's not a currency) and lol they certaainly want inflation in the btc price(just like any good old ponzi ).
The talk is as mining dwindles the miners can make money from transaction...what transactions ? The only transactions are participants buying and selling(churn) between themselves and any greater fools entering the charade. Bitcoin utterly failed as a utility in such dramatic fashion as throwing a lead balloon off a cliff.
I have said many times btc is not for the mainstream and certainly not at these prices....no helpdesk...lose your keys and that's it....oh put it on an exchange(where you have a claim on a bitcoin nothing more)...exchanges get and have been hacked and holders(not hodlers just because some eejoot makes a typo is no reason to copy the error) have been left bitcoinless(suddenly they are no coiners..their favourite insult).
Finally allowing institutions like Tesla or Banks to invest in this carp( carpers :) ) is ging to literally create a systemic risk when one or many foul up their access aka lose their keys. They will not admit it until some whistleblower rats them out or bitcoin crashes...they will still list it on the balance sheet....it is remarkably easy to lose access and nigh on impossible to rectify. Hence the amut of lost coins....you don;t think some techie of bankers is not going to make the mistake ?
Old Max Keiser going on this am about it being unconfiscatable a familiar load of codswallop. There are many cases of bitcoin being confiscated....it's simple you either do a deal or they leave you to rot in jail....they do a deal everytime....so much baloney around the btc crypto space...it is worthless ...it literally is the emperors clothes and as in the story they will all one day say they knew he was naked !
Spindler,
I agree with your comments but to be fair there is a lot going on with the blockchain technology.
For governments and financial heavy weights to be looking into it and investing large sums of money my feeling is that the technology is here to stay.
Paper money has not relegated precious metals to the scrap heap and neither will crypto
How true that is ! In the case of bitcoin the early participants sit with(they hope if they haven't lost their key or the exchange has been hacked or their cold wallet broke..bitcoin has no helpline) their stash of bitcoins promoting bitcoin and explaining to the great unwashed they may enter the ponzi and get themselves some satoshis(100 million in each btc) if they can't afford a whole bitcoin or they are rather scared to hand over 63,000 dollars and get a bitcoin on the exchange or a hard wallet(if they even know what they are doing ?) Little caveat also you have probably heard of fractional reserve banking in the FIAT World. well if you use an exchange all you have is a claim on a bitcoin who knows if the exchange has a bitcoin for each customer that has either deposited btc or bought via the exchange !
It's all very Mary Antoinette...."Let them have Satoshis" !!!!
It's a scam if it wasn't at the start when it was supposed to be for trasactions aka a utility it certainly became a scam when it failed at that and turned into a store of value ! It's the Emperors new clothes reimagined !
"By the time your hair dresser and cab driver are talking about speculating in it you know it’s no time to start entering the market. "
I think crypto is like any other investment insofar that it’s great for those who got in early. By the time your hair dresser and cab driver are talking about speculating in it you know it’s no time to start entering the market. My only surprise is that Bitcoin has not crashed yet. Good to see POLY in the blue at the close. Shame it did not manage to go close higher considering gold was up around 0.8% earlier
Steve
Good on you for making some money on crypto and i wish you well going forward.
I have been tempted by the Blockchain technology and nearly purchased some Argo but still need a lot more convincing as the energy usage is massive !
I don’t worry about crypto- I put a small percentage of my portfolio into it 5years ago and got my original investment out *3 and still hold- I took it as I could lose the lot- but for me still well worth the risk - I also hold goldies which are my next most risky investment- for me it’s always been a case “and” rather than “or”, but I only invested and invest in the key cryptos and gold players- they’re risky enough and the small players are a risk too far me but each to their own- we are all here to make money so GLA
I am in poly for the longer term and see a lot of potential and good divi payments going forward.
I know many investors see crypto as a threat to gold and when bitcoin goes up and up in value it is difficult to argue against it.
My take is that its one big con as any advanced tech /computer company can bring out its own crypto and to me its like finding pebbles on a beech , putting your name on them and selling them as unique.
I would be interested to hear other more informed opinions on the crypto/gold arguement