Member Info for Balanced66

This is board for Thor not MTL.

Gold miners are at an inflection point. Just a few single number percentages away from a decades long breakout.

Figures I've seen mentioned are 525 on the HUI index and around $85 on the GDXJ.

That's a much more significant breakout for me as it should lift the whole sector for a long term run. There's a video somewhere that I can post later.

Thx fundamentals are still fantastic.

....a pe of around 1 or so at the time. Ok so you've missed out so what still lots of money to be made in this gold and silver bull market and Thor remains one of the most undervalued stocks in the sector.

Looks like you are having regrets Adw - you say you traded it to make a "bit of money", well the big money in this has been about sitting on it from 16p like many in this group have. In a gold bull market a pe of around 1 o

Yep that's what this company is looking for, unsophisticated investors.

So is this no longer a gold stock. Is it now a rare earths company or a Tungsten company or a copper company? I suppose it's a method of attracting new investors and fleecing them. Best to hide and move away from the gold story as that has been a dismal failure.

Google InvestorMeet if link doesn't work

https://www.investormeetcompany.com/jubilee-metals-group-plc/register-investor

So the debt thT is going ovet is just trade debtors and not bank loans?

Another great update and progress basically nothing has happened. Here's to another update in 6 months time to find out what's going on. Lifestyle company par excellence:

"The JV is seeking third party funding to facilitate bringing in a specialised completion and commissioning team to commission the project and upscale the facility for commercial production of gold and silver concentrates, aiming to unlock near-term, non-dilutive revenue.

Payable in installments. How is that a good deal? The buyer will use each year's profit to pay of the installments due. Jubilee will be constrained in what they can do to expand as all the cash will not be available.

No account made of increase in metal prices.

Exceptional performance.

Our financial performance this year has shattered last year’s records.

Negligible sales again. This is a dead duck. It's been the same story for many many years. Don't forget this is the same stocks that raised millions to sell their COVID test. The test was ready for sale but it failed to sell them during an epidemic!

It's a hopeless stock and will almost certainly be heading for liquidation in the not to distant future.

The only people who have made real money from this are the directors and those who sold during COVID.

* depressed

Market will soon see the value in the embedded businesses. The Claremont sale at that price shouldn't have been possible if you went by the depression market cap.

This looks like it will leave the lows behind now and begin it's ascent to a more sensible level.

If the payments from the sale are spread out that can often lead to disputes if the purchaser is unable to complete. Having all the money upfront would be the most sensible thing to do and would sweeten the deal.

Interpac is at the private equity stage of an early stage company. Companies are bought out when they have established a track record. Selling only 2 machines over several years is hardly encouraging and don't see why anyone would be interested yet.

Fresho, well I've expressed my thoughts already on that.

Interpac have only just sold their second machine! This will take many years at this rate and lots of funding to get anywhere.

In sympathy with Judges Scientific perhaps?

Some structural changes seem to be happening to the gold market.

Yesterday Russia announced their own gold exchange will be set up.

Also interesting video here

https://youtu.be/tBnnCr0o97o?si=EEu23Shrmz-ruji7

This went to 2p ISH and only rose so high due to the heavy handed ramp by posters that started when they agreed to take bitcoin as a payment. They still need to bring in sales and that announcement itself was nothing more than a PR stunt by the company; they didn't need to announce it as it was not material to sales. Since when were payment methods announced. Next they'll be saying they have added PayPal. Lol.