Member Info for Bancal

Speedy, I think your calculation of a 25% a year rise in the price of gold since 2000 is a bit off. If you start with £1 and increase it 25% a year for 23 years you would end up with ~£169 - a rise of 16840%. A rise of 550% in 23 years corresponds to a CAGR of 8.48%.

Exactly Monty - it is easy to criticise. All those folk rubbishing SD don't seem to have much of an idea of what he's done wrong and no suggestions as to what they would do in his place. Also, they need to visit the Canadian miners forum - Ceo.ca - to see it isn't just GGP that is suffering at the moment.

I contacted UFO on Monday asking about progress on the heritage approval process but no response so far.

https://archy.deberker.com/the-uk-is-wasting-a-lot-of-wind-power/

That would be Saint Monica - the patron saint of patience :)

Spot on SharketMare.

The author of the article above has penned pieces on GGP, JD Sports, Altria, Saga, Alphabet, buying FTSE 100 shares, the Warren Buffet methodology, Scottish Mortgage, Ocado, LLoyds and the risk of a 2023 stock market correction all in the last week or so. That tells you something.

Nothing and that's why my reply was without rancour and good natured.

I had a feeling that Confucius wasn't born that long ago but I had to look it up and then find a site that would tell me how many years between 551 BCE and now. :))

Happy Xmas.

8000 years! Confucius was born in 551 BCE which was 2572 years ago.

As Bertolt Brecht wrote “What is the crime of robbing a bank compared with the crime of founding one?

You might find the article below interesting Speedy - from the Ceo.ca site.

"The Sweet Spot For Gold Is Fast Approaching"

https://ceo.ca/@goldfinger/the-sweet-spot-for-gold-is-fast-approaching

https://www.bbc.co.uk/news/business-63657350

“We dance round in a ring and suppose,
But the Secret sits in the middle and knows.”

Robert Frost

No it isn't. It contains a reference to the 5% FMV option that was not excercised by Newcrest but the article implies that the option is still available. Sloppy drivel imho.

"Under the terms of the JV, Newcrest can acquire an extra 5% of Havieron at fair market value.

Once the option is exercised, the proceeds would be used to repay the outstanding balance on a loan facility Greatland has with Newcrest. The junior partner therefore gains nothing, other than to reduce its debt and its share of Havieron.

If this happens, it’s likely that the share price would fall further."

Well said

Very good.

Is there a golf course at Havieron?

I was only pointing out your unfortunate choice of words but take offense it you want.

An unfortunate turn of phrase.