Member Info for BuggerTheBanks

I would like to add to my holdings but think (at these premiums) the shares are more likely to fall than rise. Yes, the income stream & inflation protection are huge pluses for me (& what attracted me to them in the first instance), but capital growth here is limited unless driven by ever higher premiums, is it not? Happy to be wrong, & will add to my holding if there's real hope 5%+ annual capital gain. Failing that, I'll sit on my holding, reap the divi & feel slightly smug about the whole thing :)

Where next? We've had a good run since the dark days of £16.xx. Is there more to come? Do we have to wait for the cigar business disposal before we see further significant movement (in either direction)?

This is VERY positive news. GS (at least) seem convinced that the transformation plan is ready to bear fruit. If the results bear this out in a couple of months, other brokers will surely follow suit & the shares could move north quickly. Let's hope so. If the FCF target is reached, the re-instatement of the dividend should soon follow...perhaps not immediately, but within 15M (IMHO).

GLA.

I was interested to note that Caledonia Mining (of which I am also a holder) has just raised its dividend, citing the rise in PM prices, so higher prices are starting to make their way to the bottom line.

Is anyone here also a holder of Equinox Gold, Wheaton Precious Metals or MAG Silver? They're all on my watch list & I'd welcome the opinion of anyone here who is currently a holder. I also hold Golden Prospect Precious Metals & am looking to add to my holding as their NAV exceeds the SP by 20%+. PM leverage on steroids.

LTI, agreed. This is the most obvious & cost beneficial approach for IMB to take. I wonder if this assumption is (at least in part) responsible for the recent run-up in the SP.

Apologies for replying to my own post (bad etiquette, I know), but gold already at $1610 & silver still rising past $18.70. Lord knows what this will be when I wake up.

GLA (as always).

Gold currently testing $1600 & silver is hungrily eyeing $19. Buckle-up, holders, & GLA.

The very best of luck to you, Seeking1: may we prosper together!

I'm considering adding to my position here. I have a little dry powder & want something that will pay a decent regular income (check) & weather a downturn (check), but am reluctant to buy at the current premiums.

The whole sector is at a premium now (some more than others, of course). Maybe I'll sit tight & BTDs (should they materialise). Do you have anything to recommend that might suit me?

The recent recovery had taken the yield down to around 10.5%, which still represents tremendous value IMHO, when you consider the further upside potential.

Anyone have any insight on how the sale of the premium cigar business is going? I seem to recall they're expecting a couple of billion for that, which can then be put to good us in a variety of different ways (my personal preference being debt reduction, but I expect we'll see share buy-backs).

Exactly the (rhree) reasons I bought it:-

1) Undervalued
2) Safe haven
3) Fat dividend

December 2020 gold futures are already through the $1600 barrier. There are some nice moves in the metals prices in early trading in the far east. I suspect Monday will be a good day for FRES shareholders.

GLA. We live in dangerous times, but mining stocks make it a little more enjoyable.

With what is going on in the ME, metals will only go one way. And it ain't down.

Double??? When the wheels come off the global economy, you'll make a LOT more than that.

The $6M question is (of course) when? There are certainly risks in the near-term, but we are already overdue a recession. Personally, I'll be amazed if the central banks can keep this ****show going beyond another 15 months, but time (as always) will tell.

FTR, I also hold Chesapeake Gold, Caledonia Mining & Pan-American Silver (for the same reasons). Equinox Gold, MAG Silver & Wheaton Precious Metals are on my shopping list.

GLA (as always).

Whilst UKW is priced in pounds, GRP is priced in Euros. I can't comment on their respective holdings (neither TrustNet nor HL have any info on this), but GRP could be a useful FX hedge within the renewables sector.

Personally, I took a bit of a gamble on it: bought back in March when it was still relatively unknown & trading at a much lower premium to its counterparts (which I found attractive). Having held UKW for six years, I guessed Greencoat know a thing or two about the sector & figured the fund would rise as its track record became established. So far (I'm pleased to say) that has played-out nicely.

I follow Peter Schiff. He was one of the few (dissenting) voices to call-out the GFC in advance. This time last year, while the Fed was engaged in QT & raising rates, & telling the markets they would raise rates another FOUR times in 2019, Schiff stood his ground, stating, not only will they NOT raise rates in 2019, but they would CUT. AND they would abandon QT in favour of more QE (which, of course, is now happening, with the Fed flooding the markets with HALF A TRILLION $s in just THREE WEEKS!)

So what does Peter Schiff predict next? That the Fed goes to ZERO! Then they go NEGATIVE, & money will be printed on a scale never before seen.

Remember that the central banks are privately owned! They meet in secret & co-ordinate their efforts. Interest rates around the world are going DOWN & will go NEGATIVE! This is hugely positive for PMs & the miners that produce them....but remember: once things get serious, be sure to pocket your gains; switch out of mining stocks & into PHYSICAL PMs. Steer clear of ETFs & "paper" gold. What's coming is truly unprecedented.

GLA! Wishing everyone here a merry Christmas & a prosperous 2020.

Radvalve: agreed, which is why you need to time your exit out of miners & into physical metals. Get it right, & you can profit from both sides of that trade. Is mot something any of us want to get wrong. Personally, I'd rather be months too early than a single day too late.

One final thing of note: I don't believe there is any historical precedent for our government (ANY government) forewarning its citizens of such an event. Let's not forget that, in the midst of the GFC, we were told "nothing to see here. Run along now; there's a good citizen". Only later did the government & the BoE admit that we were 90 MINUTES from total financial collapse. I'd encourage everyone to think about that for a moment. You could go to watch a football match & everything is fine. By the time you come out of the stadium, it's too late.

The (bail-in) legislation that has been passed since the GFC is not designed to protect consumers. It hands your wealth to the banks (read "Resolving Systemically Important Global Financial Institutions" & the "Bank Resolution & Recovery Directive"). Note the wording. This is all legislation to favour the banks. The people (again) will be sacrificed to preserve the system that serves as both the wealth extraction mechanism & the tool of power for the elite.

We're currently in the longest economic expansion in history. The last person to claim to have ended boom & bust actually ended up looking like a 5* Wally. Boom & bust cycles are part of debt-based monetary system (if anyone here doesn't understand what our money is & how it is created, I'd encourage you to watch "Money as Debt" or "97% Owned" online).

Once you understand that (& it's one of the most important things you can learn, IMO), you'll recognise the scale of the problem. See also www.Demonocracy.info for a truly staggering (scale) perspective on the problem the world faces. If (like me) you have trouble visualizing just what a trillion £s looks like, this will show (& shock) you.

So, knowing all this, the question you have to ask yourself now is; is it different this time? Despite unprecedented intervention by Central Banks, I can assure you, it isn't (different). There WILL be another recession, & it will lead to another financial crisis. The scale of the global debt problem will ensure that, by definition, it will be magnitudes worse than the GFC. Indeed, 2008 will look like a teddy bear's picnic by comparison. We could even face a fiat monetary collapse.

If that sounds extreme, do a little more research: you'll find that in the thousand year history of fiat money, they've all gone zero. The only exceptions are the fiat currencies we use today, which are at various stages of collapse. The British Pound, for example, is actually the world's most successful fiat currency, but it's still lost 99.5% of its value since founded. Like Voltaire said, "eventually, all fiat currency returns to its intrinsic value: ZERO".

Gold & silver, on the other hand, have a 5000 year history as money, & as a store of value. They have value to this day, & in the coming recession / crisis / collapse, that value will be multiplied many-fold.

Miners, like Fresnillo, are an excellent way to leverage the rise in the price of precious metals....just remember to cash-out & get into PHYSICAL metals before TSHTF.

I'll make no price predictions on this share, nor even on the price of gold & silver, but (IMO) the price rises have to be at least proportionate to what happened in the last crisis...& then some.

Whilst recent underperformance is disappointing, I'm not concerned, & may even add to my holding. I also hold a selection or other "junior miners" in which I expect similar results.

None of us can stop what's coming, but you can recognise it & position yourself to profit from it. This will be a wild ride, everyone. We live in potentially unprecedented times.

GLA (we're going to need it).

https://www.zerohedge.com/markets/juul-valuation-plunges-altria-writes-down-stake-33-fidelity-slashes-valuation-48

Unfortunately for me, IMB has had seven kinds of ***** kicked out of it ever since I bought my first (of three) tranches back in April. Yes, I've averaged down, but I'm more deeply out of pocket.

I bought to hold for the long term, but it's still sickening.

Liberum Capital reiterates buy recommendation with a target price of £29.

I'll be adding today. Happy to play both the income & the long game & wait for recovery. My current average is £22.50, so I can make a serious dent in that.

Defensive plays. Some serious **** is coming down the pipe (no pun intended).