Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
For any who like me maybe on some sort of lock down/off work then may I suggest some excellent reading material :
1) The Bitcoin Standard by Saifedean Ammous
2) The Thory of Money and Credit by Ludwig von Mises
3) The Little Bitcoin Book by Lily Liu and Timi Ajiboye with contributions from Jimmy Song & Alex Gladstein
4) The Soverign Individual by James Dale Davidson & William Rees-Mogg
5) Skin in the Game by Naseem Taleb
6) What has the Government Done to Our Money by Murray N. Rothbard
Any suggestions from others welcome
Not advice but probably well worth staying well clear of stocks for a long time. Leaked report from the States suggests that 'Risk Parity has blown up and Citadel and Millennium are in deep trouble'. Bridgewater have faced massive redemptions from Saudis and others, AQR and 2 Sigma are likely in the same boat (although unconfirmed) as sovereign wealth funds run for the hills. 'There is a massive forced liquidation of risk parity'.
'Massive margin call underway'
How about words and phrases not expected :-
IPO
Funds secured
Audit results
CP dropping the sentence " So I was just leaning across to speak to LaGarde from my seat at the Worlds Banking Table"
unforeseen circumstances
Alas JonnyE the fear I have is that governments around the world will pander to the calls of corrupt behemoth businesses who have pillaged the profits and indebted the company with cheap and easy debt sanctioned and indeed orchestrated by govt, to splurge on egregious stock buy back schemes that have facilitated massive stock options for CEO's and BoD members and left the companies as nothing more than zombified debt ridden husks. These will be bailed out by govt with calls from airlines already wailing like sirens. Meanwhile the small businesses that have soldiered on through austere times and kept their balance of account honest and true will likely be the real victims of all this as credit freezes and custom disappears in a horrific doom loop for SME's.
Watch Boeing for starters. It has been raped by its BoD's over this past 10 years and investment has been slashed from R&D to Manufacturing and Safety, all for the benefit of BoD options and privileges. Now Boeing is screaming for funds from the public purse to save it and saddle the US tax payer with its debt while the Bod walk away scot free, all with millions and millions in their personal bank accounts.
Boeing in reality should be left to fail. It's physical stock would then be bought up by another company who could run the business in a more responsible way. Free Market Economics !!
It's the SME's that should be getting aid and assistance but alas I fear historical failures will be repeated.
ditto, but there needs to be a stipulation that the meeting be held in London, at their London office. Just a thought though does anyone know if the London office is an actual office or just a shared space, hot desk facility ??
No need to chill. But you really should stop misleading people bigbench. It is not Gold backed account and only a miscreant would suggest otherwise.
No Audit = No Gold
Let's stick to the facts and not supposition.
Please stop saying Gold linked account. Where is the Audit ??
No Audit = No Gold
Tally won't be re-listing full stop I'm afraid. Credit market has seized up we are in the biggest financial disaster in all of our lifetimes, there will be no capital raise. CP has had the last 2 years to capital raise and failed dismally when VC's were throwing money around like there was no tomorrow he couldn't raise a bean. We all know what he is and what he has done.
Where's Pineapple gone ?? None of his outrageous relist in 3 months and sp to hit £1 a share shortly after......
Is it coincidental that CP has sloped off to Oz and now MIA, and no recent posts from Pineapple. Has it been staring us in the face all along, after all they both speak out of the top of their heads.
b1gdeano Thanks for update. It's coming to something though when you have to be kept up to date via a bulletin board.
This is a big frustration of mine. Yes we have been expelled from AIM but that does not mean that the BoD have no obligation to keep shareholders up to date with all company activities and interests. I have literally no idea any more what the association is with Railsbank or Starling Bank or what the hell is going on with our mining exploration interests in India and Finland.
Has CP been removed from Railsbank BoD ? First I've heard, why because there is no information divulged to shareholders. I don't even know where CP is any more, does anyone ??
The talk of promoting the Tally app is ridiculous - You either have a CEO on £175,000 pa or a succinct well funded marketing strategy...... You can't have both !!!! at least not with Tally.
BA Violence ??? what a bizarre thing to say. I've never been to a GM where violence has either been on the agenda or enacted, neither have I heard of such shenanigans.
I believe that we will all be able to express our views and frustrations much more succinctly in person and the BoD will be less able to obviate and procrastinate and then we can all know exactly where we stand and what the hell is going on and decide for ourselves if the Bod speak the truth or not. Pressure could then be exerted to seek a resolution to this car crash of a business, either push for immediate listing or sell all parts off piece meal and return the funds back to shareholders.
Alternatively we can just let them carry on unchecked whilst we bury our heads in the sand.
My recommendation of a General Meeting was exactly for this reason. To hold the BoD responsible in a face to face meeting whereby pressure could be exerted to get answers. I don't hold any faith in questions put to them via a remote link where they they control the agenda and rhetoric. Feet need to be held to the fire but this is not possible if the other party ie. the BoD can ignore, decline to answer or close the connection.
I refuse to sign up as I personally have zero trust in the company and will not dox myself by revealing my personal details and holding to Tally, who have already had a hack on their Tally account system which holds finances. As shareholders we should be equally entitled to all information and there should be no tearing system based on personal information sharing. In more than 25 years of stock investing I have never been asked to reveal my personal information and shareholding. How does anyone know what the company is doing with this information and what third parties they are sharing it with ?
BA page is not available (presumably only readable to community members).
Could you give a gist of what it says please.
needs to be called where CP et al. face shareholders face to face. These airy fairy online and remote update/meetings are an easy way to avoid taking responsibility first hand. Far easier to obfuscate, babble and prevaricate by way of typed message or pixel representation. Only way shareholders are ever heard is when meetings are face to face.
2008 was the best thing to ever happen to the elites. The Cantillon effect of QE has meant the wealthy elites closest to the money printing spigot have got huge sums of wealth afforded to them at close to zero %. They can literally borrow billions and put it on deposit for a few % interest, this is not helping the economy or the working/middle/upper classes as was meant to happen and as we are all told is occurring . The money has never really trickled down as the wealthy have kept it amongst themselves with the likes of Bezos paying $200 million for a New York apartment just driving already inflated property prices further higher and pumping the bubble. The effect on the not so wealthy and poor is that we have to borrow money now at ridiculous rates to try and keep up as prices rise faster than the money reaches the rest of us. Central Banks issue money to these cowboys like Jamie Diamond at near 0% but interest on credit cards has never been greater and the same goes for bank charges, store cards, car loans etc.etc which are ALL way higher now than pre-2008. Go figure.
HSBC,Barclays, Morgan Stanley, Goldman et al screwed the economy get access to money at 0% but c/card interest rates all >circa25%
I've a friend who's just sold his business for £3.8 million and has a portion waiting to go into stocks and funds. Told him 2 weeks back to wait for a correction. He met with Barclays Wealth earlier this week and has investment strategy with them but not to start before April. Some times luck just falls your way !