Member Info for ceckyspunt

a recent broker note valued KAH at just 220p, but i think that is so conservative... with multiple suiters trying to get in on the action and corporate action at EML and POL we could see a lot of KAH shares changing hands in the coming weeks and this will shake the entire share holdings situation up... but who will emerge with the winning hand? im adding...

what happened to the 8m shares sold by EML? they clearly have a buyer for them at 185p but does anyone know who it is?

i recently sold off a lot of non commodity based equities, and lots of uk/eu based equities and am basically trying to protect myself from the possible euro currency collapse... i like gold and other hard commodities because they are easily transferrable into currencies that still have some credability! sold all ANGM, RGT, POL and NVTA, reduced BTC by half and added KAH, JLP, PGL and DME ad took some cash off the table until i see some clarity regarding europe and the election. DME looks a little cheaper today, yesterdays good news appears to have been missed by a very weak and fearful market but not by me... and BFS news could be here in the next week or two together with clarity on financing and partner. i suggest this may drop another penny or two but this will rise and rise in coming months...

looks like bottom, should start to move gently up from here, and news will make this rocket up...

they are being hyped a lot at the moment... the last management made a total mess of it, but can the new boys really change things that much? i hold 10,000 of those but i have to say its a punt and im not 100% confident... as for DME, the ASX may be closed today but the BSE was not, and it looks like DME was up 6% today... here is a link... http://gazettebw.com/index.php?option=com_content&view=article&id=6225:bse-indices&catid=13:business&Itemid=2

arguably the rise of oil to $147 was as a result of cask looking for safety and nothing to do with real demand... but ofc those positions had to be closed becuase the speculators did not in reality want the oil they bought, hence the oil price crash to $30+, and the realisation that only precious metals hold the key... i like PGMs as it happens, because they have a dual purpose since platinum is used in auto manufacture aswell as in jewellery... and im not sure that the banks have as much control over the PGM markets...

surely the printing of new cash has the same effect as formal devaluation, and being outside of the EU allows us this luxury, tho it will effect the cost of all commodities in GBP terms... would a tory PM consider such a thing? i wonder how a tory PM would have dealth with the banking crisis in the last 2 years since they did not agree with the nationalisation of the MR HBOS BB etc etc... instead they would have preferred them to have gone bust and allowed real banks to buy the assets on the cheap, but not at the expense of the tax payer... the irony is that the tax payer may eventually get a good return from this deal provided any tory government does not sell too soon too cheaply to their banking mates... why did the US govt allow lehmans to go to the wall while bailing out all the others? BARC got a great deal when they bought lehmans, while Lloyds appear to have a poor deal (short term) buying HBOS during a 2 hour meeting at 10 Downing street with NO due diligence whatsoever... i wonder what was promised? as usual big bank is the winner!

interesting you should mention soros, because he has just bought 7% of DME, another favourite of mine... an up and coming copper producer in botswana... here is a great link for the doomsters among us... http://www.bullionbullscanada.com/index.php?option=com_content&view=article&id=11038:goldman-sachs-and-gold&catid=48:gold-commentary&Itemid=131

thanks for that... my 4m number related to the official number, so 4m + 1.5m ie 10%+ of the workforce... how will UK PLC pay the benefits bill?... they will print more! the benefit of lending to company like UK PLC is that they have the ability to create money out of thin air... or digitally... and so you will get your money back even if that money aint worth the cost of the ink on the paper! i remember italy in the 1980s when small change was frowned upon because the metal was worth more than the value of the currency it was cast into... so small change was given in sweeties! have not the italian government (and the greek, irish, portuguese and spanish) done a great job in transferring their debts to the euro zone without anyone realising up until now? do we in the UK really want to play any part in the euro mess, or do we need them more than ever?

i hope you are correct about ANGM, maybe i have been too cynical in my appraisal... but to be fair, i dont post very often on that board because i dont want to get involved any more than i am... lets hope they prove up a new zinc provence! the next 6 weeks will be massive for DME, but i expect a little dilution to be somewhere in the mix... but will the markets react positively or not... i hope there is the chance of an open offer (that doesnt exclude UK holders) as is increasingly popular these days... lets wait and see! as for gold threads, its amazing how pesemistic those guys are, and its easy to be drawn into that way of thinking.. financial armagedon, the new depression, currency total collapse, civil war, world war...etc etc!!... history teaches us that in reality all those things can happen, have happened, and no doubt will happen again in the future... but now? maybe not just yet... we'll have to allow the politicians to do their thing, and if they fail then we can consider armageddon... although perhaps sodom and gamara would be more appropraite in the decadent world we live in!

in an inflationary situation (assuming the government can create this) then property will be a good investment provided it is not bought with too much debt!

LOL, and LOL again!! we'll never see a return to the gold standard IMO, but investors are looking for something, anything, that will protect them in this incredibly complex and sifficult time... it is difficult to see an asset class worth throwing cash at right now such is the level of uncertainty, but look to the east and you can see better, more stable, economies, but even there they will be affected by the dollar collapse if/when it happens as the chinese are pegged to the dollar as is oil and most commodities... and the euro is under incredible pressure also! in the 1930s the US government banned the holding of gold as an investment such was their fear of currency collapse... will we see that again? is an investment in gold mining a good hedge either way? where will the GBP be when we hit 4 million unemployed in 2 years time? is entry to the euro the way forward or the final nail in the coffin? i see the promise printed on every note in your wallet as worthless, an IOU by a discredited, bankrupt and failed system... we need to wake up quick and get real! what will emerge from all this, socialism, national socialism, another world war?... time will tell!

do you mean no recovery in the UK, in the west, or, in the world? i am fully aware of the currency/debt problem here in the west (ie europe and USA) but some countries are benefiting ie canada and oz because they are heavily into mining, and mining means real tangible things like gold and copper... my sterling has been devalued considerably over the last year or two even against euros and dollars, but the real winners are the BRIC currencies, tho the chinese are in a pickle since they need to spend all their dollars as fast as they can... inflation is the only way out indeed, but how do we create inflation when debt is a great deflator and unemployment is high and will only get higher? the general election is also a minefield... the tories would cut cut and cut again, with devastating consequences for many many families, while labour wil tax tax and tax again... i have no idea what the lib dems would do... are they keynsian or freidmanite? i am tempted to vote labour just to see how they get themselves out of this mess... but i know the only answer is a compassionate tory victory so we can rebuild confidence in our currency... but once again they will end up carrying the can for labour failings... maybe a return to the "gold standard" would be the answer? i have transferred most of my pension investments to pacific rim and china since they will be the real beneficiaries (if there are any) of this nightmare, and my other investments are in miners and oil companies mostly... i live and work in the UK and have a large mortgage, tho no other debt, and have recently fixed for 5 years because i hope we can get some inflation going... maybe 6 or 7% pa for 4 or 5 years would sort it without too much damage, lets hope they can keep it under control!

i am interested in your views on the future price of gold, and specifically a small gold explorer just turned producer called peninsular gold (PGL)... i have just made quite a large purchase of their shares (10,000) at 52.9p because i think (hope) that the current SP is false due to the recent placings at 60p and loan conversion at 50p... and since they are beginning to turn a profit now, and are soon to announce drilling results and then later a resource upgrade, a consider PGL to be a great opportunity right now, at any price under 65p really... any views?

you sound like a well balanced sensible kind of chap, but to be honest im not sure about ANGM not being pump n dumped... i do have a small holding there, only 10,000 shares bought last week for 6.9p. it is however the smallest of all 17 holdings i currently hold, while DME is my biggest and BTC my second biggest. on ANGM the BB we see some posts continually telling us that RAB are selling big chunks and that they have been for ages and soon the overhang will clear and this is the reason for the rise... im afraid thats total b@ll@x... RAB may well be selling, but all shares are rising and have been for some time as the banks balance sheets are re capitalised. a rising tide raises all ships as they say... but i cant help thinking that some posters on there are expoiting others... selling their accumulated stock and them blamins RAB and every time making a few quid! o have even heard fools explain odd numbers of shares traded, say 99 or 1, as some kind of "code" between MM's and these codes mean the SP will be £2 by xmas! ... ffs its unreal what some people believe! as for DME, that trade for 2,660 shares at 16.10 yesterday, and all the others, is a code, and it means this is gonna be near £1.80 by xmas 2011

the price of gold in coming months and years is the real question... will gold keep its value or increase further as the economy recovers?... what will happen with the Euro and the greek bailout and how will that effect gold?... what will happen if the chinese allow their currency to free float?... the world is still in a mess, many many questions to be answered, govt spending to be cut dramatically across europe and the US in the next 2 years, thank goodness we aint in the euro... we would be fecked by now if we were!

"The Company intends to identify further resources of at least 1 million to 2 million ounces "

all we need is a respurce upgrade and we are in the land of milk n honey!

RNS Number : 8090H Peninsular Gold Limited 01 March 2010 "The first phase of the exploration program shall include reverse circulation and diamond drilling with a focus on the vertical extension, to a depth of 150m, of the veins that form the current JORC compliant oxide resource of 218,000 ounces Au. Further exploration work will also target the deeper main lode, which has been known historically to produce over 10g/t of gold." "Over the coming months our main focus will be on developing the Raub project on both the plant and exploration fronts and I look forward to updating the market as we progress."

http://www.growthcompany.co.uk/recommendations/1202423/peninsular-gold.thtml