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Apologies, just trying to catch up had a really busy start to 2022! Obviously happy to hold my GGP and forget though. :)
As far as I can make out.. we have news within the next 1-2 weeks to hear about the 5% valuation, and this is fairly huge because it will determine how the big boys have valued us as an explorer/miner to be...
MRE2 - anyone know a rough date on this?
Also, do we know how much more km of drilling GGP are doing until the next update? I've lost track.
Thanks in advance chaps, easy LTH! Hope the resource continues to grow and SD gets us a good deal.. in line with brokers valuation of $228m (US) at 5% ? Cheers.
I always regretted not topping up at 86p last time around, so I'm nibbling more in and averaging down at these levels.
Obviously we are largely dependent on what BTC does but as a form of hard sound money and given the Fed are tapering / raising rates and printing the USD into oblivion, I genuinely believe this a bet not to be missed out on. Annualised growth of BTC last decade has been 210% per annum.. and crypto is still in early days with adoption growing faster than any other technology in history.
Can we fast forward 4 years yet? LTH here, 40% down, happy to hold and add where I can. This SP is criminal given what we know is at Haverion IMO. No amount of games will have me sell up at a loss.
Don't have much time to follow these days, but GLA and cheers to the top dogs e.g. Paddy et all. You know who you are!
P.s. Look what's been happening to the Turkish LIRA over the last few months. Absolutely mental. USD could easily go the same way, I'd know what hedge I would want in that scenario....
This has been on my radar for a very long time. I'm wondering if I should buy in at these levels, I might have a nibble, though I suspect it could get worse as cases exponentially rise for the moment. (Data is good overall for Omicron but still a headache for the wider market...) We shall see.
This SP is a joke considering what we have at Haverion alone. £576m mcap? I'm nearly -40% down now and averaging in some more on days like this - I can only hope our true value is unlocked given time. No way would I sell for this, it's worth so much more. At least it's sector wide though.
Come on Shauny boy, multi-billion dollar business in a few years time please! We still have potential to multibag 2,3,4,5 times at these prices long term IMHO. GLA
Just saying..
A government created CBDC will be about as much use as a chocolate fireguard.
It will be absolutely useless if the government is in control of it. The ultimate ****coin ponzi.
If (and when..) they have a digital form of currency it will need to be backed by something proper i.e. Bitcoin or Gold that cannot be exponentially printed and inflated hence currency debasement that we are seeing now. Inflation is a hidden tax that robs the wealth of the citizens over time without them even realising.
I can see it as a form of 'currency' that we transfer our bitcoin for periodically, but not something you would want to hold longer term..
Typically FIAT currencies only last around 100 years, remind me, how is the USD holding up looking at the purchasing power over a period of 100 years? That's right folks, a loss of 99% since the 1913 federal reserve act. Tick, tock...
I'm at 21.6p now. Was 23p but have been buying more since.
Orginally in at 6p when discovered (D'OH should have just gone all in)
Bought way more through the 20's hence blowing my average SP up. Here in the 15-16s range is an easy top up for me!
GLA
Unfortunately there is no two ways about it, crypto is pulling in a % of the mcap of gold/silver and has been over the last 6 months or so.
I have no doubt this will reverse for gold once the Q4 bullrun comes to an end, and all the newbies into crypto will panic, but I remain long on both.
Really hope GGP will prevail as it's just got too much going for it;-
- Record low costs (2nd globally!)
- Haverion still open at depth with 4.2m Oz eq (lets be honest were all hoping for 8-20m Oz's minimum here ;) )
- Potential for another hit in multiple locations
- Newscrest major (plus fully funded)
- QE unlimited and currency debasement off the scale
- Basel (Gold being tinkered with from the forces above)
- Broker notes of 24-30p that may even be outdated?
- Silly low mcap based on our findings imo
- MRE to come (You saw what happened on the PFS lead up right?)
- I'm sure there's plenty more I just forgot about.
Holding long and strong and adding in small chunks on days like this. GLA.
I have a T212 account. It's genuinely fine. I have an ISA so my GGP shares can't be lent out. Zero problems! Yes I might not get the ultimate best price or be delayed here and there but I'm okay with that as I've saved a fortune buying/selling other stuff within my ISA as a newbie haha. GGP is by far my largest holding!
Speedie, as an avid goldbug myself I totally agree with your sentiment hence my largest position is here in GGP and I'm happy to hold for many years to come as the resource grows and POG goes parabolic.
I do think a mix with BTC is a very sensible idea though. Not saying go all in, but its the future.
Lawrence Lepard is a true precious metals genius and he is long both gold, silver and BTC.
Some of his recent interviews here about the dollar losing long term are excellent;-
https://www.youtube.com/watch?v=LCM6YnCpdlE
https://www.youtube.com/watch?v=LuXY-Gz9Qls&list=PLjy1QMZM0wVqHWvDAu43D5WjcHl61nzfz&index=4
GLA.
Okay so firstly I know there are a LOT of factors at play with a crypto mining company. Please correct me if any of this is incorrect, just some basic thoughts below, I believe we are still undervalued and due a re-rate.
Just to look at some basics;-
Mara currently has a market cap of $5.45 billon. They hold approx. 5784 bitcoins worth $364 million.
Their hash rate is 2.7 EH now, but apparently potential to go to 13.3 EH in 2022. (Maybe this is priced in already?)
Argo has a market cap of what, $800 million, and we HODL approx. 1844 bitcoin worth $116 million.
Our hash rate is 1.075 EH and potential to go to 3.68 EH in 2022.
Doing the maths. that makes Mara worth 6.8 times what Argo is now at current MCAP values.
Do we think Argo is worth 6.8 times less looking at those figures? I certainly don’t!
BTC is going to be life changing I'm convinced that crypto will continue to eat up the market caps of the financial system as more and more people and institutions pile in. Just 2 trillion overall marketcap - we have potential for masses of upside yet. Just remember, crypto technology has surpassed the rate of which the internet grew by double as a comparison...
I'm holding for 5 years as I think the fundamentals here are great.
Thoughts welcomed. Cheers all.
Frustrating to see this drift lower. Fundamentals are all still golden, gold and copper is still there, and growing!
Is it me or when BTC has a good day we seem to get dragged down and vice versa.. I was buying more before the PFS and thought the bottom was 15/16.. I still do now it would be a crime to see it go lower with what we know about Haverion.
Surely a huge re-rate to come, my biggest holding and will add as she dips.
I watched a brilliant Youtube video earlier by Raoul Pal (Legendary Macro investor who’s now all in 100% crypto, no stocks)
https://youtu.be/xrLZw9j0rcs
He certainly knows his stuff in the space and I’ve grown to really like his content as it’s spot on. He often talks about the adoption curves if you follow him on twitter.;-
What he says is this – Crypto is showing the fastest adoption of any technology in all of recorded history. This is a huge thing.
In 1990 – 2000 the internet grew at 63% per year and in 1997 the internet had 150 million users.
Now, we are at 150 million users in crypto but we are growing at 113% per year, so roughly double that of the internet. By 5 years to 10 years time the number could genuinely be monumental – exponential growth.
What do we think happens to the $2 trillion market cap of crypto overall from now to then? It’s going up is my bet. Hence happy to hold here for many more years to come. (And various alts of course)
Chill out. Our hash is growing, BTC is growing, we are all still early IMHO… GLA.
IIRC about 40% of all US dollars in existence were printed since covid times began. If you don’t understand how huge that is… you’re in the wrong share.
That’s essentially an invisible tax to all citizens without them even realising, although I suppose then you just pluck up a random CPI figure that doesn't account for housing (65% of the average US paycheck..) fuel etc.. and put that to the peasants!
The world is in a crazy financial situation IMO and the US is heading for a default, the US debt was like $8 trillion with Obama, already it is now $29+ trillion and they think in 5-10 years from now it could be $100 trillion. That’s laughable and never ever getting paid back but career politicians will just continue to kick the can down the road and exponentially print.
What we know with the fundamentals of gold gives us the edge here IMO. A leveraged play de-risked and only growing, what's not to love?
Anyone not familiar with Mike Maloney or Jeff Clark, they are huge in the precious metals markets and very knowledgeable fellows!
(The hidden secrets of money is a fantastic series on Youtube which is a MUST for anyone interested in precious metals; https://youtu.be/DyV0OfU3-FU )
They also have just posted this;-
https://goldsilver.com/blog/gold-looks-poised-for-a-run-eerily-similar-to-the-1970s/?utm_campaign=20211019_Silver_Alert_Comes_Alive&utm_content=touchpoint_1_newsletter&utm_medium=email&utm_source=zaius
Fed is a ticking time bomb IMO - masses of upside to come here.