Member Info for ElectricLion

Lot of fuss about nothing IMHO. It's not *forbidding* you from holding cash, it's just taxing the amount of interest earned on the cash, which will probably itself be small, considering interest rates are likely to be miserly and you're not likely to be holding large amount of cash for the long term (unless you are indeed trying to use it as a cash ISA, which is exactly what they're trying to discourage). Far bigger things to get upset about!

8.15am: ftse opens lower as miners and spacex investors fall

the ftse 100 dropped around 80 points initially but this has quickly been pared to around 64, taking the index to just below 10,374 points.

miners and tech investment funds are the main fallers, with precious metals miner fresnillo bottom of the pile, down 6.1%.

copper miners anto***asta and anglo american are down 4.8% and 3.7%, while gold miner endeavour is down 3.2%.

tech investor scottish mortgage, which has a big stake in spacex, has dropped 4.8% after the 16% decline in the rocket company overnight.

rio tinto, polar capital tech trust and glencore have also all fallen around 3%.

https://www.proactiveinvestors.co.uk/companies/news/1094305/ftse-100-live-london-stocks-drop-as-miners-plunge-and-spacex-investors-slide-1094305.html

Honestly, I don't think it's accurate at all. If it was, we'd be down a lot more than we are. You can't go by what LSE thinks the trades are. I'd agree that there is some selling pressure, but I don't think those numbers are worth much.

"Benworth Copying Machines was a notable UK-based office equipment supplier and dealership during the 1970s and 1980s. The company is no longer active and has been dissolved"

On the other hand...

"At BCM, we Bring Mines to Life by supporting projects from the earliest exploration stages through to full-scale production. We work alongside our clients throughout the mining journey from exploration, feasibility, bankability, and financing support to building the foundations needed for successful operations through civil infrastructure and earthworks."

Does not sound the same to me.

500m is only ~20% above where we are now, so that certainly seem eminently achievable, and indeed if that's all we have by the end of the year, I for one will be pretty disappointed. Need some clarity in the Philippines and La India first gold and then 600m should be in the rear-view mirror, all else being equal, but WTFDIK.

A language difference then. Fair enough Xhita. You're quite right - in the UK it's a old-fashioned term for peculiar or strange, as you say. But more recently it has evolved to have a different meaning, at least in the UK anyway, so you're not wrong, but also, don't be surprised if people take offence. Just FYI.

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

To extend that thought Qnard - I tend to find that silly insults actually undermine the arguments of those who make them. I filtered GoldQueen some time ago, for their LLM C&P nonsense, but I have no interest in exchanging playground-level insults with them, or anyone else and find it rather tedious when others do so, no matter what the actual content of their message may or may not be.

Mali has bigger problems than Ethiopia does. Makes your list quite a bit shorter...

I don't have a model. I have a mathematics undergraduate degree and a 20-year career in software development, so I'm certainly capable of constructing one, but I'm not sure there's much point, because the market doesn't care what your model, or anyone's, says. What I do have is a 0.6p average and plenty of patience, and I think that'll work out just fine in the end.

Plenty of very clever people have tried to "solve" the stock market, but it's generally self-defeating - getting ever-deeper into the numbers tends to distract from the big picture items which actually move markets, like Iran, for example. Accountants are rarely good investors.

A deeply, deeply ironic post StephenX! I hope you intended it to be! lol

There will be multiple parallel and over-lapping work streams, which includes resettlement. From the beginning of the webinar: "What matters is the critical path, right now that critical path hasn't been breached."

It is becoming apparent to me that Target has an agenda all of their own. When all's said and done, it's best to do your own research and make up your own mind.

Appreciate all the reports folks. Missed it myself (pesky work/life/etc!) Will check out the video if/when it drops. Still stacking...

Seems unlikely. More likely explanations are a pricing misprint or just sheer profiteering. Time will tell, but not a big believer in this sort of thing myself.

Https://www.logicallyfallacious.com/logicalfallacies/Appeal-to-Authority

Report the scammers folks. There seem to be a lot of them popping up at the moment, but LSE admin seem to get rid of them pretty fast, if you report them.

I expect that the reality is that much of the market is barely aware that MTL exists at all. As such, we may have less volatility than average, both on the upside, and the downside, with the vast majority of holders simply... holding, rather than a great deal of buying *or* selling. I gather from the AGM reports that efforts are underway to increase exposure, which should be a net benefit overall, but may also lead to a bit more volatility than we're used to.

...which is some 41% above where your model says it should be today...

To be worth a damn, any model should be able to explain today's price. Apply whatever factors to the up or down side you think appropriate, but any model which completely ignores reality is not useful.

Once bitten, twice shy. I wouldn't be keen to go back to a jurisdiction that screwed us in the past.

Echo the above. Thanks AuInspired (Is there a part 2? Or are you still working on it?). Also Cacao results should be good. As soon as exploration drilling results from Nic start turning up, I think we're all going to be more cheerful. They're virtually guaranteed to be good. I hope I'm not tempting fate by saying that, but it's been a while since we've had drilling results from Nic, and I'm looking forward to it.