Member Info for bassguy

Timing is everything, ten years ago the world was a different place, bullion vault may have been ahead of its time. This could still fail but I do find it interesting Would be interesting to know the fee structure for Railsbank and what, if, that equates to Lionsgold revenue longer term. I have been very impressed with Starling bank (Rsulsbank API) so simple, so iPhone/young un generation. I imagine the Goldbloc app will be similar in many ways.

Presentation was interesting. I like how nothing seemed to be avoided, just like with the Podcast although I felt the podcast was more detailed, the 19th was more of a new investor presentation in my view. I have only had a quick listen but thought Cameron stated goldbloc 1 had 400 customers holding 120kgs of gold, equates to �3,800,000 if my calcs are correct, avg �9-10K per customer. Based on their fee page I believe this equates to �83,000 pa income for storage and initial purchase only, assuming no major holders where other fees apply. Average of �200 per customer based on this with no marketing. If GB2 goes live with 20,000 based on this avg then we see over �4m income pa without any spending by customers (all figs very rough and rounded DYOR) Hell I would put �10k on this and I am sure many will do as an easy punt with all the talk of gold as a value store currently. I can see how this could scale massively assuming success! The mine testing appears to be classed as a source of income as well. It really does feel as though this is slowly being pieced together and I genuinely feel in a couple of years this could be a significant business. Here's hoping, happy Sunday all. bassguy PS podcast felt to me like there may be a 'strategic' investor in the wings ready for readmission date, something about securing the price in September. may be nothing but?

I have not looked at Railsbank, are they loss making or generating, lion owns 12.5% of Raisbank so possible income. Potentially easy to seel stake in indian mines now couet case is over. No guranatee of a placing

Did not see that coming but yesterday felt odd tbh. I can see of no reason for negativity unless they have run out of money. More likely gb2 will launch, some other things will happen whilst they are 'away' and we reopen to a great fanfare and hopefully gap up spectacularly. I can wait 4 months for that. Atb Bassguy

interest definitely picking up here, even topped up myself a bit. GLA, ATB, TTFN bassguy

Is today the most consistent price level for some time? Seems to be virtually no change but I have not looked at volume tbh. I really thought we may see a steady (small) rise in anticipation of news but maybe there is concern re the last one in December, or as others have said something is a foot and it is being held. I am happy with the price at this level until we actually have news. The whole thing seems well orchestrated thus far so I would expect another jigsaw piece fairly soon. I am very tempted to buy more but may hold until post 19th as there is obvious speculation on this now and if nothing transpires I fear another visit from Sea7, berty and the others, so there may be another opportunity below 2.5. If she goes however then great we can enjoy the ride but I feel this more likely to be a slow burner over 12-24 months for investors with the inevitable spike and retrace which will obviously experience the usual bout of moronic behaviour. All the best bassguy

Andee yes I see the business as 'fundamentally' good (see what I did there...) the real value is low down and there will be some vibrations needed to maximise any gain... lets hope the timeframe is compressed. Just hope we hit no brown notes. Sorry to any plank spankers out there... Sorry again, I really cannot help myself today. Good bank hol to all

There once was a woman from Dallas.. sorry its Friday and I have nothing.. I am here for Calidus however am hoping for KRS to conjure something longer term. I do wonder if KRS will be rolled in to Calidus when the time comes, only being kept on life support to allow for possible fund raising if required? A negative view perhaps but as long as we have a result come 2019 I will be happy... Battery minerals also concern me the way the tech is accelerating, I do wonder if by the time minnow Cobalt (and other currently fashionable mineral) prospectors come to fruition the technology will have moved on, there is a LOT of work going on in batteries but if someone solves the hydrogen question which went quiet very quickly 10 years ago then bats will be out of date very quickly. However Australia is increasingly looking to be the most stable mineral rich landmass open to us so I think longer term it is worth holding stocks in this jurisdiction. got something: May your investment shine hither... let us hope it doth not whither... market makers all slither... (sorry) Good weekend all

If you follow the alternative universe theory, there is another BB like this somewhere in the multiverse where the obsessive derampers are actually obsessive rampers. I find it amusing they spend so much time on a board bashing a stock like they have nothing else to do. Plenty of other stocks on AIM why dedicate to only one or two....ooh wait that seems almost planned. Ye there are too many rampy posts as well, but wait I have just figured it out, they are all BOTS... target a stock, add a few pertinent facts, rumours and figures from legitimate sources. Hit the deramp button and leave for a week, hey presto, a stream of negative posts with just enough info in to be unnerving to some, but the record goes on and on. Truth is all stocks are a risk, nothing is guaranteed and you invest at your risk.

surely there is an argument for a segment of the Indian population, who you say do not trust the government, preferring to trust the UK financial system, we have a pretty good reputation, from some angles... entrepreneurs, those in global business and the young middle class etc who are not perhaps so tied to the old ways, India is growing fast along with its wealth and as we know younger generations are more willing to trust digital implementations of many things it seems. Gold block 1 was not of huge use to many people unless they want to hold and buy gold. GB2 is about taking your money out of the fiat system, as best you can, and can been seen as taking it out of corrupt government hands as well, although I am sure they will be tax collection implications which will endear it to govt. Yes the value will rise and fall but so does fiat, and product prices

Yes there is a lot of claim and counter claim which does not necessarily make sense, probably mainly competition driven. I was just highlighting that I felt the article, such as it was being apparently one guys rant about a direct competitor, was hardly what you could consider a reliable source. The source must always be tested before accepting the contents. This is a new market and competition will be fierce, each wanting to be VHS not Betamax but I feel there is room for several outlets. I recall CP has said they have several unique features they do not want to discuss until launch so as not to give wind to the competition. Feels like we may be hammered for a while again while the traders load up before the next spike. Good day to all.

This is from 2017 and to be honest looks like sour grapes to me, hardly high grade journalism and from a direct competitor to Glint. Quite a bit of it looks to me as skating very close to libel, unless it is of course all true but then that means Glint is in real trouble, but to be honest I have not looked at them. Cant believe the guy is complaining about a competitor raising funds in his back yard...thought he was part of the financial word, or a they supposed to be whiter than white in Canada...All in my uninformed opinion

Fair point but you assume everyone was playing by the rules I am sure "discussions" could have taken place informally and agreement was not reached so no RNS. Perhaps it depends on who was conducting any (if any) negotiations, Newmont or Newmont pty, they did say relations were very good with pty so this is plausible. Of course Newmont may have just said no ta but thanks for the walkabout😀, we got good tans... It still ended a bit quickly in my view and there is something we do not know imo. I recall a rumour GH fell out with Newmont..could well be due to negotiations and hard standpoints both sides? Happy weekened all.

Sp just bimbling until news either way

Newmont play hardball, as would be expected of a major. They will have plenty of hooks in the ocean and decisions at a high level will decide what happens each year. EG is very early stages I cannot recall the name of the one in Canada who JV'd with Newmont recently, the deal looked pretty one side to me, maybe there was an offer of similar on nature and GH rejected, knowing/hoping there would be more to come? Maybe Newmont demanded rights to all Eg for a JV at meadows, who knows? In the end Newmont where in discussion for a long time, Greatland referred to Newmont near constantly over the period and it was Newmont who instigated the relationship based on the RNS showing garde and dispersion at EG. I do feel we have not heard the end of it and there are many possibilities for the result we had at the time - yes including they have decided no interest, but time will tell. Funny feeling one of the others is maybe further along than we believe, potentially allowing additional time on EG after all it is the size of Sussex. I am not ramping these are just my thoughts, the value of your investment may rise or fall... ATB bassguy

Anyone go to the show?

just perhaps some sentiment starting to return here. It's been a long hard winter but we seem to have a firm base. I managed to increase by holding by 7% whilst reducing my average by 12.5% for 4.5% less capital, not great I know but I have been very cautious and in all honesty thought we would not go be low 0.8p, but hey. I still have a feeling that GH was staggered by NM walking and think maybe he was a little green to the industry (although CB is not?), lessons have clearly been learned and thus far they have done exactly what they have proposed so OK in my book. Of course if we have all been conned then...that's life, lesson learned. This was/is still a punt but I am holding until the money runs out as I think we are heading into the busiest period of real work for GGP for some time and maybe, just maybe they have something to prove. All the best holders.

Thanks Pinecone Yes I this does seem a different proposition however, I note there are some here rather submerged from some time ago so I guess timing varies perception somewhat and we cant all get it right. I still have a funny feeling about that "other" share, so I am long on both and am willing to be patient. I see Togo as a bonus if it progresses and this is why I am interested in the change at the top, is it for the benefit of Cal now things are heating up, or for us as there is about to be movement and another hand is required as DR only has two? Who knows, I am hoping a bit of both... but will be patient either way. All the best bassguy

Any thoughts Mickey?

New holder here. I have to say this board is refreshing with good intelligent conversation and a cordial environment, long may it continue. Thanks to those offering their own research. This seems to be a well controlled operation, obviously risk as with all but having suffered with GGP thus far this looks the better play. I am wondering why the lack of reaction to the great news from the other side of the world, but I assume this is the quiet before the storm. I have not looked into the carbon based elements of the company but are there any views on the new general as yet and is DR still in the background?