Member Info for Caterham7

Ferry - I spent 32 years as a Geologist in resource sector, often out in the field in Africa, working alongside the 'Principles & Contractors'. As far as I can tell, Harry and his team have assembled some of the best in the business, and most relevant for this type of project. This is a very simple mining project (simple geology) with good people - very hard to get it wrong!

Where did you get this nugget from? - "principals and contractors who've never worked together before". Is this you guessing? I think so.

Into the green box Sunshine.

Thanks Alanos - those will churn quickly

Anyone know roughly how many warrants are outstanding and at what price?

I wonder if Robjm66 will buy back in?

Stebo - I think Rachel Reeves might have something to say about my £690,000 per year dividend payments tax-free in my ISA (28Mln shares).

In a video last week, Mario said he flys back Wednesday - not sure if he means he departs Addis on Wednesday, or arrives home Wednesday.

Has Robjm66 morphed into Wihthoorn?

Nothing on BBC or Reuters

Rob - That sounds like a more realistic reason to sell out. You have been one of the constants on this board, and I’m sure you’ve made healthy profit given the recent rise. Thanks for your good research efforts over the years.

DvH - end of this week!

Ie, gold revaluation and switch away from US dollar would have to happen at same time

The logic is clear and intuitive. Revaluation would result in brief very high, and then long term lower gold price. Only way to stop the long term decline in gold price would be to switch global base currency from US dollar to something else, ie, gold, renminbi, etc, but Trump would never allow this on his watch!

DD1 - the many sensationalist gold-revaluation videos all focus on 1) why gold will be revalued, and 2) why it will send gold price to the moon, but I haven’t yet seen one such video that looks at the macro picture post-revaluation, because this is where the theory falls down.

1. Trump has made very clear that he wants the dollar to significantly devalue - makes US goods cheaper for rest of world, and foreign imports into US more expensive, driving increased demand for US goods. The dollar index is currently hovering around a lowly 98, but Trump wants it lower.

2. One of the primary drivers of increasing gold price is the weakening dollar.

3. The dollar is weakening because US debt is ballooning.

4. If US now revalues gold to wipe out US debt, what will happen to the dollar? - it will massively strengthen! Analysts suggest that if the US wiped out 50-70% of its debt, the dollar index would jump to 130-150, which hasn’t been seen since the early 1980s. Such an expensive dollar would cripple US exports, and kill domestic demand for US goods (opposite of what Trump wants).

5. The dollar and gold price move in opposite directions. What will happen to gold price if dollar surges to 130+……..the gold price will collapse, to possibly lower than the newly revalued gold price.

If you find any videos explaining how gold-revaluation and US debt reduction, leads to a weaker dollar and high gold price, please can you share those videos. Thanks

@doze….. Correct. I’ve been fortuitous with my AIM resource stock selection, timing and patience within ISA over the last couple of decades. KEFI always was the screaming bargain, so kept top slicing others and added to KEFI as SP bounced around the ludicrous 0.5-0.7p range.

@MF2017….. Careful with the expat capital gains issue. I was an expat for 18 years in Brazil, Gabon, Chad, Oman, and US. Didn’t have to pay any CGT whilst abroad, but did, all back dated, when moving back to UK. I have since found out, that many expats illegally invest in UK based ISAs, which is prohibited, but the checks are very slack!

I suspect Rachel Reeves will soon cap the amount that can be held in an investment ISA, but I believe she has to give two years notice, so this should allow us to bag big tax-free gains in KEFI stock, before any future limits are imposed.

I’ve got my 28Mln KEFI shares in an ISA, and my excellent financial advisor says there is no limit to tax-free capital gain nor dividend income in an ISA.

Strong weekly close well above 1.8. Any voodoo chartists wish to share their thoughts on forward price action?

My understanding (could be wrong), is that Jeremy Gray and some of his team, fly to Addis Ababa overnight tonight from Heathrow. From personal experience, Saturday afternoons and Sundays in Ethiopia are very much days of rest. So, I suspect the actual ceremony with photos, etc will be on Monday or Tuesday, so likely won’t get any RNS + photos till Tuesday or Wednesday.

DvH - if the SP momentum continues as is, you will be selling those 10mln KEFI shares at 3p by end of this month!

Two problems with the gold revaluation theory……1) True gold experts such as Andrew Maguire don’t believe Fort Knox contains the amount of gold the US Government claims, and you can’t revalue something you don’t have, and 2) UK and Europe hold approximately 30% of all US debt, and that debt has already been paid for, and won’t be refunded if US does revalue gold, ie the toxic debt peddled by US over many decades would still burden all international foreign banks that purchased US debt.

Anyhow, more importantly, the Chancery guys will likely be on the 8.15pm Ethiopian Airlines direct flight tonight, from Heathrow to Addis Ababa. I’ve stayed in the Sheraton a few times which is very nice, but Jeremy Gray claims to do things on the cheap, so not sure where they would stay!