Member Info for BuggerTheBanks

Do you hear that???

Beep....Beep....Beep....Beep....

That's me backing-up the truck.

SuperCharger, the US Mint is now sold-out of ASE's. This is not the first time this has happened, but it is a rare event.

Keep the faith!

I'd agree this is (in theory, at least) a defensive holding. Indeed, that was why I made my first purchase (at around £25) last March. I added a second tranche (at £20.50) but have seen it slide (as have many others here). If we want to look on the bright side, we should all be grateful that we now hold such a high-yield stock (around 14 - 15% at current prices). Just a shame capital loses have already eaten the dividend for breakfast.

So...where do we go from here? Whilst even safe-havens like gold & silver are getting thrown out with the bathwater ATM, the share price performance is still disconcerting, but probably not critical for those of us looking to hold, especially for the dividend. Which begs the question...how sustainable is the dividend? Even if it's cut in half, we're still yielding in excess of 7%; very healthy (pardon the pun) in the current environment.

I'd expect revenues to fall a little but, as others have said, people will continue smoking, so I expect IMB will remain profitable & will continue to pay a dividend, albeit perhaps at a lower rate. However, i must ask the question: who is going to want to part with a couple of £B to buy our cigar business in the current environment? Surely this now goes on hold...?

They're everywhere, those pesky viruses.

B00oooM, CMCL. Of all stocks in my mining portfolio, it has held-up the best (disclaimer: I don't hold CEY or PAF but do hold FRES). Good luck. If we get there, I'm a buyer at 6p.

EasyP, glad to see you also see value here. I think the 888 business model is highly resilient to an economic downturn & even a bio-weapon masquerading as the flu, but in a market in which even safe-havens like gold & silver are taking a kicking' I suppose we have to accept some damage.

I'll be looking to add to my position, but believe the market will fall sub-4000, so am sitting on the sidelines for now.

We truly live in interesting (& dangerous) times. Good luck with your investment. I'll be watching closely to see where we go. Tomorrow is Friday the 13th after all...

Halfpenny' spot-on.

I'm not a holder here, but am looking to buy-in (I hold other miners & am getting caned so am prepared to bide my time. Already pleased I didn't buy-in this-morning).

The Fed has just printed $4 TRILLION in overnight & term repos. Schiff is right inflation is coming. Or, to be more precise, currency collapse.

I'm a buyer at 60p. GLA.

Wow!

https://www.zerohedge.com/markets/funding-markets-are-freezing-global-dollar-shortage-hits-alarming-levels

Bank run & financial crisis coming in 3...2...1...

There is ZERO liquidity. Zip zilch none zero nada! A corporate level bank run is already underway in the US. Companies are drawing down funds like never before seen. It will hit the streets once the sheeple catch on & start doing the same. But by then, of course, it's already too late.

He who panics first, panics best.

Good luck. We're all going to need it.

Good luck everyone. See you on the other side. Hopefully...

Kalan, thanks for your insight. FRES has certainly performed far better from their YTD peak (-16%) than my assortment of north-American mining stocks (which are down 30 - 40% over the same three week period, whilst the metals themselves are down 10% for AG & only 2% for AU. All I can hope for is that when the upside comes, I get the same kind of leverage.

I'm looking to average down but, like you, am keeping some powder dry on the sidelines as I expect we could still take a kicking yet. Adopting a BTFD mentality & certainly NOT piling in all in one go.

GLA.

Miners across the Atlantic ate getting caned...down double digits. And the selling is pretty indiscriminate. Can anyone shed some light on why this is happening?

I understand that the gold drops last week were liquidation to meet margin calls (that makes perfect sense to me), but gold is only down a touch from the Friday close, so why are mining stocks being taken to the wood shed?

Or just me?

Did this just flash-crash? My feed shows it's dropped 21% (£1.75), whilst Hargreaves Lansdown shows it's in the green. WTF's going on???

Dropped another 1% in 10 minutes: now down 6.5%.
I think we have our Black Monday. Get ready for the metals to get monkey-hammered as insolvent banks & investment houses have to raise cash for margin calls.

So much happening before the markets even open...& with Friday the 13th still to come.

GLA. See you on the other side (hopefully).

FTSE futures down 5.5% and yet gold is only up £15, while silver gets clubbed like a baby seal.

GLA.

Nuri, I believe you forgot the /s tag.