Member Info for desertjoe

Obviously, John, having sold some shares yesterday the sp rose today (lol) but overall there appears to be more sells than buys.

Hi John and All. Gold has dipped down into the $1600s (what have I been saying to ya'all now for some time...$3000+ my backside!). The pound has again dipped to $1.15 (so much for a "Special Trading Relationship" with the US while your PM persists in following her predecessor's post-Brexit dispute with the EU & Eire over goods movement boundaries (don't forget our President has Irish ancestry and guess who were the largest percentage of immigrants from the British Isles ? )

Other than that AAU is down again so I've had enough of Dr K's " roller coaster" , sold a chunk and re-invested in European sustainable energy solutions.

Okay Paul but not sure how detailed you wanna get - I think we've given this Board rather more than soccer and cars for a while so I'm going to " back off" and await what the DOJ and Courts do, bearing in mind that we are told there is a mountain of evidence and also various State actions boiling in the pot for Trumpy (and some of his cronies like Bannon and Guiliani)..

Enjoy the Mediterranean/Aegean side and I see you should have nice weather. I never got to the south side of "Mare Nostrum" or Africa (though I saw it once from the top of Gib).. We are promised a week of 85F plus here in the lee of the Blue Ridge Mountains, which is nice for September but there are storms north and south of us and, of course, we are getting into the hurricane season.

That special on CNN about Murdoch is to be shown weekend of 24 Sept. Yep, I can think of more enjoyable rags than our "Guardian" and right now it's not doing Liz Truss any favors. In general I reckon Al Jazeera does a good job with balanced reporting.....but then the Qatari regime is very astute anyway.

Paul - I don't believe it was actually planned by Trump as a " coup" . That word has emanated from the world media but I do think that Trump saw a great opportunity to bring down the newly elected establishment by inciting the now so-called "Maga" people to violence. imho "Resurrection" would be a more accurate term than " coup". Nevertheless it was a calculated act and the guy has frequently proved that he is a liar and, over tgime a conman. Either way the action which he encouraged and his failure to hand over the reins to his elected successor could be viewed as unconstitutional . Equally his refusal to return classified documents on request after he was no longer President and his failure to respond to a subpoena left the Department of Justice no choice other than send the FBI into his Mar a Lago resort. WSe shall have to see whether at some point this is proved as a treasonable act. Trump is already on record as stating that he sees Assange and Snowden as treasonable persons who should be executed. On the basis that such punishment was not meted out to the President or Cabinet of the Confederated States at the cessation of our Civil War, I do not believe Trump, if found guilty, would be executed. But the fact remains that he has " obstructed" this country's official procedures and the most likely penalty would be that he is banned from ever holding public office at any level.

Finally I leave you with a current (The Guardian) news item about Bannon which I most certainly consider to be true.

https://www.theguardian.com/us-news/commentisfree/2022/sep/09/steve-bannon-fraud-donald-trump-truth?utm_term=Autofeed&CMP=twt_gu&utm_medium&utm_source=Twitter

It's quite simple. John. Kosovo was a Serbian Province which over time amassed an Albanian muslim majority. You know the disgraced former Serb President, Skobodan Milosevic, wound up the Bosnian Serbs ( now calling themselves Republic Srpska). NATO basically forced Serbia to allow Kosovo to become an independent State. ) the USAF in error actually bombed the Chinese Embassy in Belgrade. Russia views the (now ) Serbian minority as fellow Slavic peoples who have been wronged by " The West" A minor dispute between the different " ethnics" could easily flare out of proportion at any time. The Serbian Army could intervene. There is still much hatred. Maybe in 10 years' time if and when Dr S starts selling the gold things maybe settled. But for my money Western Tethyan should have its HQ in either Bucharest or Sofia, and liasing closely with Ankara.

I accept that, Paul...but I was referring to the USA and the way it might end up with the attempted coup on 6 January last and some of the recently-appointed Justices who may not have been entirely truthful in their interviews in Congress. It might be termed "perjury" even. Much depends though on our November Mid-Terms and what could follow on. Some crimes are exempt from being pardoned.

Unless a politically " unbalanced" Supreme Court decides otherwise, Paul.

Paul D - Interesting stuff from the days of " On the Edge" (which I'd never heard of) but I admit to a long interest of some of the controversies mentioned.. Most of the subject matter, as well as the TV Company is now history. In due course I chose to side with " Bremainers" rather than "Brexiteers" and personally annot abide either the Rupert Murdoch clan or for that matter " trumpsters" . (CNN are currently about to broadcast a special feature on The Murdochs) There is not a lot of info online about Theo Chalmers but from this web address it appears to me that his former guest, David Noakes, most certainly got the wrong side of, shall we say, " the Institution.". Maybe he upset powerful people in one of his perceived " conspiratorial " organizations ?.

https://en.wikipedia.org/wiki/David_Noakes

My Condolences to all of you who , like myself and my fellow Americans loved and much appreciated Her Majesty, Queen Elizabeth II. I am very sad that she has passed away . My wife, as a Canadian , is also distressed at the loss of her Monarch. God Save the King!

Wow guys, we're going to get even more money flowing in.....that is probably in about 10 years if all goes well. Bear in mind this lot has been " on hold" for several years, there will be 7 years of initial mining licence and lots and lots of holes to drill, then calculations of viability etc etc before any useful production starts, Well at least our SP went up a little today. Just get Tavsan earning!

When is the Fed's next rate hike? Now that the Fed has reminded us they don’t plan on allowing us to relax, all eyes are on the next FOMC meeting which will be held on the 20th and 21st September. The market is now expecting another 0.75% hike which will take the top of the target range to 3.25%. How highigh will interest rates go? It’s hard to say how high the Fed would raise rates exactly? The median projection for this year's end was 3.37% rising to 3.75% by the end of 2023 and then falling back to 3.37% by the end of 2024. Thereafter it is hope d rates will gradually decrease back down to around 2.5%vin due course. However only a few committee members need to become more hawkish for the median to rise another 0.5 to 1%.

We'll see what happens to ya' all this Winter, John. Liz Truss is in for a rough ride, I guess ,but my worry is her former support for a "Reganomics" style. As a Democrat that is not , imho, in the general public interest and if she starts down that road it could push voters towards a furure Labour government, and Starmer's popularity seems to be growing..Anyway we've got enough on our plate over here - waiting for our Mid-term elections. Your " barometer" is going to be the pound vs $ exchange rate as well as how she will fit in with Washington thinking.. To day we have a national holiday - .Labor Day. (no pun intended).

Paul D - "She stood there laughing ha ha ha," . I presume she was standing on the Good Ship Venus! (woof-woof)

John - It would help ,as is being suggested by others, if we had a timescale here for the Cyprus project on the basis of what we " the investors" might expect to gain and when. Also I've noted lately there have been some large amounts of shares sold off which seems (on the face of it) scarey with only a few more weeks to receive the promised dividend. Personally I've relegated Salinbas to my list of "going nowhere" firms, together with CNR , AMC, AYM and latterly PALM.

It appears gold price has moved a tat upwards over here this morning but your pound has fallen to a low of $1.16. To me it is interesting that no " special favors" have been indicated so far for US-UK deals since you left the EU. Biden has at last actually mentioned Trump and his "Maga" supporters as the cause of stagnating his Party's aims to improve the quality of life for my fellow Americans. It remains to be seen if this is followed up by criminal procedures against those who have " obstructed" or, at worst , been treasonous. This plus who you choose to be your new Leader (PM) and the (hopefully) success of Ukraine against Putin may well be the determining factor of all our monetary/investment fortunes. Which is why I am " sitting on my hands" and probably purchasing nothing further until at least New Year 2023.. Enjoy the weekend. Cheers,DJ

Hi bankrupty - Your kind words are much appreciated. Yes, I guess that we " plebs" are manipulated alright by the " fatcats" but there are so many conspiracy theories about exactly who "they " are. The New Order, The Ivy League, the Bilderbergers, the Rothschild family, Pootin, Dimond, RBS, Barclays, HSBC, even our good friend Soros.

The best I have heard is the guy who is asked by a stranger if he believes in Aliens. Whatever answer becomes immaterial when the questioner responds with...Well I'm really a Martian!.

It seems the problem over there is the dreadful increase in domestic gas prices and winter is nigh. Fortunately over here we have plenty of natural gas and, personally, there is a large nuclear power station a few miles away which gives us power at reasonable rates. Our other "gas" - i.e. petroleum spirit got rather pricey here in South Carolina but thanks to pressure on Big Corp from our President we are now back down to around $3 per gallon (US). However in spite of the recent local outcry...folks over in California were paying over $5 per gallon ten years ago and they have oilfields and refineries right there. It's all about corporate greed in my view. Within the last 6 months one of my regular medications has increased from $70 for a three months supply to 0ver $400 - and that is after my insurance company and pharmacy discount. You had Thatcher and we had "Reaganomics" . Now we have Big Pharma out of control but hopefully Biden is going to rein them in one day.

Yes...I do remember your "Winter of Discontent" while temporarily living in the Glos Cotswolds and rotating meals and visits with friends in nearby villages as outages occurred..

Other than that, AAU and gold price are both down today and your pound gets you only $1.17. I don't see anything to do other than sit on my hands until sometime " manana" . I don't feel like further investment until something good returns from what I've already got.

You'd need a didgeridoo and a slouch hat these days to get in the office door, Paul. The Parus cuisine is America influence but those ****tails look yummy. Tuborg is okay if you're buying but my preference is draught Moderna or Pacifico. Cheers, DJ.

Sorry, bankrupty, "they" chopped off my last para for whatever reason...but my last word was " currency" . Possibly before you got into this chat (I'm guessing about 3 years ago) I endured a lot of unpleasantness about my country and how Putin & China was going to take the USD apart with all their gold buying and the guys in Dubai etc were going to by-pass the dollar. Quite simply that hasn't happened and China & Russia have got more than a few serious problems these days.

Gold is great if you are South Asian and want to hang some on your person which has always been most acceptable. A few bits can get you " out of **** creek" if you are in dire need of foof/help and have no acceptable money. But times have changed soewhat, especially since no many countries have turned away from the gold standard in favor of debts and printed paper. Just a matter of a few weeks ago folk on here were suggesting gold would be rising imminently to USD 2500-3000 per oz. I kave only noted its fall into the 1700+.

You may ne right though about Piedmont Lithium recovering. The heyday so far this year for Lithium was from about mid March . I did well investing briefly in ALLIF (like yourself seemingly) and also in LAC. However I got out when the "craze" waned a little mid April and of course it has dropped. It does seem (as you suggest) to be recovering and Piedmont could turn out to be a better bet than a long wait and much hoping for Ariana to make ya rich Ya' all have a Great Weekend now, regards DJ.

Ariana

Hi bankrupty. In most instances I haven't felt able to respond positively to your musings...simply because I don't generally agree with them. It's not a question of any animosity it's simply that I don't share your viewpoint. For some time now many of the " knowlegeable" sources - (I don't mean fellow bloggers...I mean all these pseudo gurus whose names (and opinions) are regularly referred to as the best source for putting one on the right route to money. In reality it's mostly they who make the money offering advice or books which you pay for (or maybe they also get paid by trade outlets for being a correspondent or even a damn good snake-oil seller. Sure , they thrive on saying how much " a tip" has increased - but almost always it is in hindsight and long after the share had rocketted upwards. It's okay if you accuse me of being sceptical....but the fact is I don't ever remember making serious money by following tipsters. I've made more money in casinos over the years (lol) !. The reason I invested in AAU several year ago was that the shares seemed cheap and the principal geologist had great (British) professional qualifications and a promising outlook on the venture. I could see profit within a reasonable time, bought in and hit my target. At first it looked like the Hod Maden thing was fairly imminent and there would soon be riches galore. Then the whole structure changed, our SP dropped over 50% down from 6p+ and you can see the rumblings and grumblings which are now being vented by long-term investors who clearly are now somewhat disatisfied with the tale they were originally attracted to by the original " Team Ariana" .. These days ihe RNS is " same old,same old" ..dates are imaginary and there is BS. There are unhappy campers now!

It's not just a matter of, as you say " I could have $US instead" . In fact I do have USD and my US brokers under my choices of course, have delivered back some good profits in investments on this side of the pond (and lithium is one of them) . My problem is that I have sterling holdings and annuities trapped in UK currency which, directly as a result of your Brexit
have reduced my annual income therefrom by almost a third because the USD has either outstripped the pound (if I want to be nice to Brexiteers) or because the pound has fallen so far below the dollar ( if I want to support the Bremainers who said this would happen!).. So in terms of AAU my best hope is perhaps a share price increase back up again via Tavshan, or a buy out of this tiddler by a US or Canadian miner both ASAP. I certainly ain't sticking around while we **** about waiting for Salinbas , Cyprus or KS Australian interests to " bring home the bacon" .

Finally, and purely about gold. Once upon a time I invested in Krugerrands and made a handsome profit fairly quickly. Gold price around then had climbed greatly. Right now gold has dropped in value. Forget about the Chinese and Russian gold . The USD is still top currenc

Gold ain't the answer -you'd be better off with USD. What is needed are more western manufacturers makinging essential electronics (like say superconductors etc). Too much reliance on imports - make it ourselves / There is a reason in establishing NAFTA. ....and don't forget we have good lithium deposits.

No, willowman, john's " grumpiness" is not rubbing off on you. It was your own concerns a year ago that kinda put me on guard (and I have kinda indicated that on here occasionally). I agree 100% with your recent posting and again I have also said I am hanging in here for the last divvi tranche and then maybe wait and see if there is an improvement this year. Having said that I am unsure whether the lowering price is due to the ex=div situation or some wiser " rodents" jumping ship. Other than that about the only time I've really had a difference of opinion with johnwph is when he originally aired his feelings about the impending JV. In hindsight, I believe now that he has been right all along and I am glad that we are still friends on here. Yes, Salinbas is diificult terrain but I am also invested in Sandstorm and am hoping their BoD has a better perspective than our JV. since, ideally, I would like to buy a new car for Missus Regards to ya' all, DJ.