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The question is if Vaneck has increased their holding by over 220,000,000 then they have been buying at a rate of over 10,000,000 a day over a month or 5,000,000 over 2 months which is still allot seeing our daily average is around 12,000,000 a day. No wonder the shorts have a problem as soon as they sell Vaneck buys them up. DM
Wrong again Bigs, Bamps is spot on at this time. Cadia cost of getting 0.74 g/t out of the mine was less than 200 usd/ton, one 1/4 last year it was negative 130 usd/t its all down to bulk mining and that's why the capex is high to build the mine and get the ore out but after that its dream world T1 mine for 30 years. DM
Either way both parties will be disappointed with the 5% FMV outcome, SB will be paying higher than he wants and SD will not get what he wants but hope both are satisfied in the end and split a tinny or 2 and get set up for mining without further distractions. DM
Hi Guys i think you all missed the main point in the change of the 5% evaluation, the change from 10% to 20% is only the small part, the main event NCM now have only 30 days from 2nd March to agree the FMF so Aprils fool day is the day, is that significant????? let me know. DM
Hi JB, NCM never had 12 working rigs at HAV drilling for the resource, max they had 8 and 1 drilling for the decline location. The JV will have had 2 rigs and GGP 1 rig working on scallywag, maybe that's why some people think 12 working rigs in total. DM
Part of the reset Redtrader, today the fed could raise interest rates big time and maybe the reason why gold and silver have taken a dump and will also help the banks in dumping the paper gold and silver as part of Basel 111. Demise of the dollar is on the way and gold and oil will be the new baseline for all world currencies just as Maynard keys specified in 1944 a neutral basket of currencies. The 1944 delegation were Brits and Yanks, the main Yank was a Russian spy so why did Russia want the dollar/gold as the world main currency that is the question, Best way out for Russia at the moment is to sell oil for Ruble to recover their economy and to pay retribution to Ukraine to rebuild their cities and economy. DM
Hi Speedy, Jim Rickards stated today that the FED will increase interest rates big time tomorrow which will be the start of markets crashing, lets see where gold will take us after the initial dip, interesting times me thinks. DM
Hi Bancal, could be BOA, they borrowed 800,000,000 oz of silver from JPM maybe also gold but not sure on that one. JPM has 1.2 billion oz of silver on their books which is one years world production and recovered silver. I wonder what they know and what they are manipulating for or against? DM
Hi Sir.L, any bid for the 5% of HAV or for all of HAV will be only monetary not share value. The share value can only be evaluated based on the 5% agreed by GGP then extrapolated to GGP SP. The SP calculated on 100% value of HAV will only be that cash value nothing else. Still holding for DIVI. DM
Hi Speedy, what i dont understand is why Putin has gone into the Ukraine leaving 79% of his gold and cash reserves outside Russia, would have thought knowing sanctions were coming he would have made moves to at least shift his gold back to his central bank, unless others knew what he was going to do so kept his sticky fingers from his gold? DM
Hi Ben, if it wasn't for Dandeep we might not be in the position where we are today, He took the decision to spend loads of money to start the decline early and only after changed his opinion on which way to go with GGP when realizing the potential of HAV so i still have an open mind on NCM. DM