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What I like about Shanta Gold is the potential and as already observed by other posters is the likely hood of a VAT rebate including the president of Tanzania making encouraging noises towards mining companies. Last week I was only allowed to buy half of what I wanted and now the price movement is holding me back because of the 8% rise and I keep hoping the price will fall back so that I can acquire some more. As always we live on hope!
Sinclair is not the only expert, What about James Dines, Jim Rickards and a host of others? Jim Rickards advises the likes of the Fed and all that any of them can do is forecast events and to get the timing accurate you need a crystal ball and, to think any differently indicates that you are deluded in your thinking. I remember the Bunker Hunt brothers well and, it was the ordinary house wife who brought about their undoing. They succeeded in cornering the silver market but failed to reckon on the ordinary house wife spotting a bargain and selling their silver causing the market to crash and the Bunker Hunt brothers was asked to put more cash in but was unable to cover their position and, at that time I was following their escapades as I was keen to learn. This potential bull market has been forecast by all the experts and anyone who pretends to know how all this is going to play out are dreaming. For instance we have the forecast of the demise of the dollar to contend with and in addition we have the forecast of banks becoming insolvent in Europe. The question is, are we now in a bull market or is it a false signal? and, in my experience to date the market has to rise some 40% before the question is answered. The question for me to answer, should I put more money into Ariana or just wait until the price falls. I have managed to acquire a lot of these and other gold shares at the prices that I was happy with but when they move off the bottom it becomes a different story as I start to become nervous as like others I do not like losing and as you should know losing is part of the game.
By my standards I have a load of TPG shares after averaging the price down to an acceptable level and I stand to do very well and, the same as anyone else I want them to come good. With all the indications they should achieve that end with their results in April and, normally the market realises this by marking the shares up beforehand. Looking at the share price at the moment anyone would think they are a basket case which of course they are not. I bought some gold shares last week and was only allowed to buy half of what I wanted and, already they are showing a gain however, on paper there is no sensible reason that this should be so. According to the law of mathematics TPG should be racing ahead instead they remain static. Welcome to the world of crystal balls!
I apologise for my last post that was incorrect as I had forgotten that VOG had already laid the Bassa power station gas supply line. However, combined with the RNS today the securing of the power station contract would make the world of difference to the company's earnings due to their profit sharing obligations with RMS etc. I also note the ring of confidence that the company exudes which is so different to some of the vitriolic rubbish spouted on this site.
Many thanks for your input but, what is needed is a step by step approach to transfer from live mail to eventually finishing up as discussion chat. You would never believe I attended a computer course that showed me how to build a computer etc passing the exam for Auto Cad however, all that is now history. I call on my son in law every time I have a problem.
I think the most important news that I was trying to get across was, the EU authorities passed CRD(2013/36) in 2013 in order to make it easier for governments in Europe to borrow. CRD(2013/36) creates a huge incentive for banks to lend the government money by investing in sovereign(government) bonds. In fact it allows the banks to consider lending to any government in the Eurozone , it's classed as risk free. Every financial asset in the world carries risk and can fall in value. But when it comes holding sovereign bonds banks are allowed to pretend otherwise and, it is this crazy risk that has helped inflate an enormous bubble within the banking system as banks sink more and more into sovereign bonds. The problem set in the moment the banks did not hold anything back as a safety buffer against losses and, the moment these bonds fall quickly in value, the losses can wipe out a banks entire capital reserve. Thanks to the Eurozones crazy rules banks are allowed to lend money to another European government and still consider it zero risk. My own take on the subject is just keep a weather eye on the various countries bonds in the Eurozone, especially Italy. Able.
To think that the Euroland banks are in a much stronger position appears to be incorrect due to an obscure banking regulation CRD(2013/36). It allows banks to consider loans to any government in the Eurozone and is supposed to be risk free. Apparently there is a 7.3 trillion bubble in the banking system and is likely to explode on May 27th 2019. There is no such thing as a risk free investment as long as its security rely on the value of bonds. The full analysis is contained in The Capital and Conflict report by Southbank Investment Nick Oconnor and the author is Nikolai Hubble. I think the article makes an essential read however. how you extrapolate the facts will determine how you think what the end result shall be. I am sorry that I am unable to post the full report due to my lack of knowledge and not being computer literate. I am sure you will be pleased that I am now exhausted of providing any further information.Best wishes Able.
I have received another email today from Capital and Conflict entitled "A Warning From History" that is basically repeating most of what I have mentioned. In the first instance it is difficult to understand what such scaremongering can affect a company seemingly to be outside the problem area. However, if you study the 2008 collapse you will notice the ripple effect across all sectors once the banks hit the skids and that is what I am referring to. This all comes at the same time as James Dine is promoting gold and the reasons for it and, other top economists such as Jim Rickards and Ted Bauman who believe America is heading for trouble. Capital and Conflict believe a major bank will go bust in the Euro zone and should this happen we will have the 2008 ripple effect once again and when the market panics no industrial company is immune. This is of course where gold plays it's part. In this email you will also find reference to the money being transferred to Switzerland. I am not suggesting for one minute that TPG will go under but, if history is anything to go on the share price will be affected like the rest of the market. This is the reason I have invested in gold shares, hoping to be in a better position to take advantage of the likes of TPG later on.
As I have stated I am not computer literate and getting quite forgetful due to age and condition but, at least I am able to think things through. For interest I hold quite a large number of TPG and so I have absolutely nothing to gain by being negative and I am quite sure you realise that every move we make is a game of chance. I hope I have managed to clarify my previous comments. Able
I have received another email today from Capital & Conflict entitled A
I am afraid I am no technocrat nowadays as my poor old brain goes in and out. Never the less I can provide you with the prime source of information as the guy I refer to has carried out extensive research on the Euro Bloc and it does not give pleasant reading. He is Nick Hubble of Capital and conflict and he has dealt more in depth than I have reported. I receive regular accounts of what is happening. He is expecting big trouble by the end of May and I suggest it is well worth while looking him up on the internet and then you will be able to form your conclusions.
It is very gratifying to experience such optimism amongst the interested parties. I have no doubt that in more stable times this share would be flying. My problem is reading stories of the flight of money to Swiss banks by the top echelons of society and the very strong possibility of another bank going bust this year deters me from investing more capital in to the company. This is the sole reason that I have regrettably turned defensive in switching capital to the precious metals.
Golden bull it strikes me that you have been around for quite awhile as you seem to have invested wisely. Like me you now have to sit back and see how it all pans out. I wish you the best of luck. Able!
Max, the losses incurred in just the retreating values on a day to day basis as a result of being locked out and being unable to deal. I ran/run two very similar portfolios and, the Beaufort portfolio finished up 37% less before I was able to do anything about it. I can see we must have had similar life styles all those years ago as my account is the same as yours. One big difference, my uncle lived in Box(near Minchinhampton) and he had an allotment as well as a very large garden and in that garden was a large greenhouse. What was so special for me is the fact that there was a water spring in the greenhouse. Not bad at all for such an out of the way place. Yours Able!
Due to what appears a more favourable atmosphere I have increased my holding today as the company should recover their VAT rebate as well and, if they do I think the share price will rise drastically especially in what appears to be a changing climate that is favourable to gold. Thank you to the posters for the information posted on the governments more relaxed attitude that can only benefit the sector.
I have just sold one half of the late Beaufort portfolio not because anything has changed but more because I seriously believe the market will take a hit in the not to distant future. The object being is that I would like to be in a position to benefit should the conditions come about that I mention. The amount that shall be received is nothing like what it would have been if Beaufort had not been placed in administration. It just goes to show that sometimes we have no idea as to what is around the corner. Able
It is an illusion to think that dividends will increase the share price, while they may help it will be the strength of the balance sheet and the future growth potential of the company combined with very low debt that will affect the share price most. I could give many instances to prove the point however, I will not quote them because I would stand accused of ramping and there are many informed investors who will understand what I am talking about. As far as I am concerned this share is basically in line with what one would expect and the time will come when the rise should catch many out. Unfortunately world events command centre stage and the sooner it gets sorted the better for every one concerned.
The possible problem as I see it is RMS entitlement to it's share. I feel we need the other power station on stream to increase our confidence however, I do think the company will need to take on debt finance to achieve that end. Your thoughts on this? Able
This has never been a share for widows and orphans however,as observed by a knowledgeable few progress is being made. I have been with this company ever since they purchased the pipework for the project and experienced much in the way of huge problems but, the chairman has brought the company through all the storms to where they are today. I can not see him failing us now whatever one claims, he wold be a big loser too. Unfortunately there has to be a limit to what should be invested and I must in the main rely on the company to produce the goods. I still think the company will make it big time as they are operating in a country with no opposition and should there be a world recession they will not be so affected as most.
While this share is disappointing the longer term fundamentals are good and, we rely on management to perform in a manner to be expected or in a manner over and above. It is not possible for them to produce miracles and, we must await the market to become bullish and, from my experience it can take a lot longer than one would hope. If you take a look around the market place you will notice that it is more a case of special situations and if one is sufficiently diversified, you should be getting the occasional winner to keep you from losing interest. That is how I am finding things but, I am just about able to keep my head above water.
Any supportive information is always helpful however, the real problem we have here is no country is flush with cash especially in the Euro zone. There are many countries that are trapped in the Euro and, due to the exchange rate can only and, are becoming poorer with no way out under the present system. Sooner or later some thing has to give and that is when there is going to be big trouble with Italy being at the forefront with their massive debts. When this eruption occurs there is likely to be massive financial turmoil in the system and this will be when the unknowns strike. While Versarien should survive they will not be immune to the market panic. If you think I am talking rubbish just study the current attitudes of the countries already severely affected and, who is on the hook for Italy's debts?
Strange though it may seem my remarks were not aimed at your good selves as any criticism has always been polite. To reiterate my comments were about buying companies involved in gold and silver purely as a safety net due to the developing financial crisis in the Euro zone and not about buying a particular company. Hopefully, you will remember Black Wednesday when we crashed out of the ERM . That is exactly where the Euro zone is heading with the Euro if the finance ministers do not sort some thing out soon. If I do mention a company by name I am not recommending others to buy other than what I have done. My feelings on Versarien is that they are going nowhere short term due to a number of factors mainly for the reasons mentioned above. Yes! with luck they should come good eventually however, until the Italian crisis etc. is resolved we have absolutely no idea what the market will look like in a year's time. To spell things out quite clearly it is all about who our banks have lent money too and in turn who have they lent money too. Unfortunately, the culprit is Italy and who they are likely to drag down with them. Sorry! I am not trying to be the school master,
I have stated previously that I do not ramp shares following criticism however, I notice the same investors are doing just that trying to induce other investors to put their money in. Rule number one , you should not fall in love with a share. Rule number two, spread your risks. Rule number three, do not get greedy and do not be frightened to take a profit. Rule number four, only invest what you can afford. With all the above covered you can have a lot of fun and then if you so choose pursue the big gamble of your dreams. I to like to dream but in private, to the enlightened investor we all know the potential of Versarien but it only becomes fact following a major announcement from the company. I would have sold a few more shares but for the Beaufort fiasco and was prevented from doing so much to my disgust and, the price that I would have got was £177 as that was the price I received for the ones I did sell. You do not need to be a mathematician to see that Versarien is also a trading share.