The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
EMH is worth 8.7m to KDNC alone. So Amapa is worth what, less than 10m? Hahaha
This price is still hilarious. Anyone remember when we boomed 250% in a single day? I still didn't sell, I'm looking for £1 sell price here still. I MIGHT sell some at 50p
Thanks Prophet, not as bad as silver. There's VAT then the premium, pushes an oz of Ag over 100% of spot value. No bother, I loaded the truck up before 2020.
What's the premium on gold, between 8 and 10%? I've seen a bigger spread on AIM.
- FT headline today
I think they'll be a lot of M&A across the small-mid cap miners and explorers. They'll get bought up by cash rich companies while their value is depressed. I'm still astounded by the mcap here.
Today's mini budget wasnt workth the look. When I heard that VAT remains the same and that income tax is still 40 %, I decided not to waste my time.
As for PHE, I'll be averaging in again at these levels because of the business model and technology. Main concern atm is that a lack of funding/profitably/staff will delay: a) 1st site, then b) expansion. Could be a while waiting for a return (2 years plus mean.)
January 22 - M&G plc has an interest in 11,500,000 ordinary shares in the Company, equivalent to 3.92 per cent. of the Company's current issued share capital.
September 22 - M&G no longer has an interest.
Maybe we'll start to rise again now their sells have gone through.
The less gold increases with inflation, the more it is undervalued. When you hold 20 ounces of gold in your hand, you instinctively feel like it's enough to buy a house. And yet it's worth just 1/10th of the average British House.
Inflation is probably 40% if you don't cheat the books.
The market for physical silver is ridiculously tight. JP Morgan should know, they've been working to corner it since 2011.
Simple operation really. Depress the price by trading paper, while simultaneously accumulating millions of oz of physical.
Ag, Au, different elements, same scam.
@Tornadotony. Good afternoon Mr Hadley!
The US job figures did make me chuckle. Within the total numbers of the % they don't include:
- people on welfare
-people who haven't looked for work in the past 6 months
It's probably 20% unemployment (of working age pop)
Do you think the voices on the street drift up to their ivory towers?
"Hey Larry, did you see those job figures?"
"And gas is down!"
"yup. I for one glad for lockdowns, injections, Nancy Pelosi and Ol' Joe"
"what about China and Russia?"
"naaaah, don't worry! Oceania has always been at war with EastAsia - Golf this weekend?"
If you can acknowledge that gold is being manipulated, then you'd have to look at who has pockets deep enough to do so: the US treasury, the ECB, the IMF, or China (some instrument set up I can't remember the name of).
The treasury, ECB and IMF are pretty transparent, but who knows really. Anyway, they seem to betting against the dollar in the long run. Which is fair considering the unsustainable debt burdens, and debt-gdp-ratio.
People forget that central banks WANT inflation because it eases the burden of the debt. What they don't want is everyone knowing that gold is the only true money we have (if you accept that the 'money' we have is really a debt based currency).
So what do they do? Keep the price low and accumulate, laugh at anyone who says it could go to 10k, and keep the current, incoherent system running until it collapses.
What do we do? Buy physical gold, buy miners and etfs. As insurance, as a hedge, as a valid investment.
50% premium might be offered. But I can't see Henry Maxey (and others) consenting to that, considering the millions he put in at 15p.
Elon Musk is touted around, but there's a reason for that. Time will tell