PYX Resources: Achieving volume and diversification milestones. Watch the video here.
'And no, they are not made of milk.. :)' I always wondered why I never see the same staff in ManD's for very long, blended up and turned into ice cream I bet. (I expect they are made from milk)
Sorry KOH when I said in my lifetime I meant replicated food overtaking food grown in a traditional way , which I don’t believe has happened yet. The economies of most major countries rely very heavily on agriculture, I can’t see any sane government encouraging the destruction of that industry in a hurry. And the internal combustion engine, or even the car for that matter, haven’t developed in the same way as mobile phones in a greater length of time, so nothing is a given imo. But we can agree to differ
What's to say that in the (x) years it takes to get factory made super cow meat to the mass market that China, India and starving Africa havnt become prosperous and developed nations which crave 'nieche' food grown in the ground? Also remember spitfires and mobile phones are military tech (or based on) that tends to have much greater r&d. Will it happen? Maybe, but I can't see the need for it in my lifetime to be honest. I'm not selling my SXX just yet (but actual do have a small speculative holding in a food tech company)
Scarily mass consumption mobiles are probably 20-25 years ago (I'm older than I think) I would say Nokia 6110 was the first, and I had one as a student in '98. My parents had mobiles a good few years before that and I remember my dad having one the size of a briefcase in the 80's. However my internet is still shite, and 'snake' still rocks
Not saying it won't happen but however long you think it will take I would double it and add 30. There's a big world out there, lots of people which would mean lots of lab/factories to grow (create) this stuff and distribute it. Wasn't nuclear power (fission) supposed to be obsolete by now? Well guess what it's not and the developing nations are building shed loads of plants. And everyone in electric cars by 2040 (or whatever) don't make me laugh, I can't even get fixed line broadband above 0.5 meg where I live, which is 5 miles outside a major city. I'll have sold my shares here long before I'm eating manufactured cow made by Amazon Inc robots in my care home that's owned by Google.
I believe this could have been 60p by Christmas last year. I think a fair value at full production (achieved by dec) is 52p, I believed POG could have been higher at Christmas and I believed the unloved jnr gold mining sector picking up combined with rising POG and the accompanying sentiment could have easily pushed it to 60p. I also believe that bitcoin is worthless and the FTSE is crazy high I was absolutely wrong and obviously didn’t predict a ii selling down but if you rewind time and ask me again I’d say the same thing. I’ve also been wrong so far on bitcoin and the FTSE (and have lost a good few quid trying to short it) But I still believe the above So changing my tune I most certainly am not
I agree now looks a good time to add, at my limit for the time being personally (no where near your planned holding I'm afraid Baht) but barring any disasters, touch wood, all looks good. Then again spot price appears to be bullish and all US shares are down, nothing apparent going on with the $ so WTFDIK?
Yes, BPC is what I meant (still BHP not doing too bad either)
and while you're here DB, you could have mentioned BHP when I asked about oilers a couple of weeks ago. Keeping all that good info for yourself eh? You big meanie.
Ah DB, both you and Border Terrier did incredibly well, both buying here at 16p (presume just over, cant see how you would have got 16p on the ask), amazing acumen there, well done chap. And I presume you bought BHP week before last (or maybe end of April by any chance?) as its down since last Monday, so well done on that one too. You sir, are a genius it would seem.
OR - yes, the same thought crossed my mind
I used to be on the edge of a Spectrum, then I upgraded to a Commodore 64, much bigger keyboard, much easier to stand on the edge of. Surprised its fashionable again, would have thought they are quite hard to get hold of noawadays. Kids eh?
I would actually agree, and have said before, that being a single mine and single country operation does place us at the lower end of the expected valuation range. I'm not sure January was having a pop at the company, merely stating an opinion as to why the SP will be at the lower end of the spectrum (but then again I'm a trusting soul) However what FSJ (and Tonnes) say is also true, there sure are worse places than South Mali to be mining gold and HUM does have a good relationship with the government and prides itself on its community work, something which drew me to the company in the first place. I've posted this before but anyone looking at mining stocks really need to have this in their decision making process https://www.fraserinstitute.org/sites/default/files/survey-of-mining-companies-2017.pdf I think everyone needs to chill out a bit on here TBH. (and we are still CHEAP by the way)
I agree I cant see Redmoor in production in 2021, heck 2021 is only just over 2 years away now, when did that happen? However I cant see how WE have a funding issue, at least up to DFS stage, we should be generating enough revenue to continue drilling etc. Then the ball game changes and we obviously don't have enough funds for a mine build, but if the economic case is compelling I cant see raising capital being a problem.
Nice to know she also rates HUM, with 5% of the fund she manages invested in us. http://www.southriveram.com/wp-content/uploads/2017/12/South_River_Gold-Precious-Metals_0418.pdf Actually it might have even been an interview with her where I picked HUM up from, IIRC
Amanda van Dykes bit on gold in video linked at to of page is worth a watch
NAE's continuing interest in Redmoor maybe subject to funding, I don't know enough about them to comment. I can potentially see us buying them out at some stage in the future (just IMO) Better to own a full juggernaut than just half?
I'm about at par but it certainly tests your patience this waiting business
Nice post PAAA But didn't someone once say 'fortune favours the prepared mind'? Something to consider re point number 1.
Great analogy