Member Info for ElectricLion

If you reread my message you will see that I wrote that "perhaps not every trade attributed to them was actually theirs", so you see I'm not claiming otherwise.

I didn't intend anyone to take my initial messgae, which was a single line, mentioning the good rise today, quite so seriously! But regarding the recent drop, it was notable how quickly it dropped, and how quickly it has recovered, so who knows.

> Delusional? Think that's a bit strong Sakura. The TR1's are fact, for starters. They show Drachs buying over the summer, and JM reducing to just under 3%, from which point he no longer has to report, but it's not unreasonable to suppose that he continued to reduce after that point.

The 'for every buyer there's a seller' malarky is the sort of thing that's technically true, but not useful. It's the influence on the SP that we're generally interested in, which is the end result of the MMs trying to balance their books, and all else being equal, when the MMs have more shares then they want to hold, they'll start to bring the SP down, and vice versa. Perhaps we'll have to agree to disagree here, but I think dismissing the entire notion as delusional is not helpful.

As for the big buyer, well we all know that Simms is a little bit excitable, in the nicest possible way! But we do have evidence from TR1s over the summer that Drachs were buying decent chunks at that time, though it has slackened off since then. So yes, a big buyer (Drachs) and a big seller (JM). Perhaps not at the same time, and perhaps not every trade attributed to them was actually theirs, but the general theory fits, wouldn't you say?

Not sure what the problem is Sakura. Why do you think the SP has fallen recently? Do you think JM is still holding?

Lovely rise today. Just goes to show that the demand is there, if the big seller takes a break, or buggers off entirely!

Impress who? You? Don't think I can be bothered mate. DYOR, if you care enough.

Lol @ Pierre-Fandango. Suffice to say, no-one cares what you think.

Completely agree Eric. This is now more de-risked than the market, or even most of us, realise. There's always the possibility of black swans of course, just like with any other investment, but I feel I could simply leave KEFI be for the next few years, not even look at the SP, and be pleasantly suprised when I eventually checked back in. All we need to do now is wait, which sounds easy, but as we all know, takes some doing, but the rewards should come to those who do.

Out of curiosity, what are the other two Caterham? There will come a time (not yet) when I'll want to de-risk a few KEFI shares, and it would be good to have a few options lined up for the proceeds.

They always do. An extremely tedious, and surely not very effective, pump and dump tactic. Just report them, admin usually get rid of them fairly promptly.

"online consumer loans and AI finance-related services"

Eeesh. I know nothing about them, but I already know I don't want to touch them with a bargepole!

> Canadian mining expert

Ross Beaty. His vehicle Equinox Gold ended up buying Calibre.

As I understand it, and you have to read between the lines a little, as even now, some details have not really come to light, CNR just about had finance to build La India arranged, but it fell through at the last minutes due to US sanctions. I'm pretty sure that they could have given it another go and got it over the line, but JM pulled the plug, forcing a sale instead. Not the choice I would have made, given it was only a poxy $100m dollars or whatever - he could have had a whip-round, talked to a few of his mates and raised the money quite easily, but there you go.

"childish" "incapable" "Group Think" "conspiracy theories"

You're not going to get much respect slagging folks off like that, no matter what other legitimate points you may or may not have...

Admin are toothless as far as I can see. Flashed up a warning for a few days then took it down again. Did they ban anyone? I doubt it, though they should have. Pity. I'm sure there are plenty of forums elsewhere on the web for folks to moan about immigrants, but LSE ought to at least attempt to keep conversations vaguely on-topic.

"Russia has won, simple."

Supposing that is indeed true, is that a good thing in your opinion?

If you'll allow me to be a bit philosophical for a moment Surrey, I think it's easier to deal with the ups and downs once you realise it's not real! (Stay with me for a moment...!) Money isn't real, it's just a number - what's real is what you can do with that money, pay for shelter, food, gold (actual physical shiny gold) or just make someone you love live's easier. But the numbers quoted in your trading account are really rather ephemeral - they change, sometimes wildy, inside just a few days, never mind years. If there's some sort of absolute scale of reality, then the money you invest is more real before you buy, and after you sell. In between, it's just sort of floating around, like Schrodinger's cat, neither dead nor alive, neither zero nor infinity. So learn to treat it as such - it's not real, until such time as you imbue it with reality by actually doing something with it.

"It's just money. It's made up. Pieces of paper with pictures on so we don't have to kill each other just to get something to eat."

https://www.youtube.com/watch?v=IAqAl292ozs

We must have had this conversation before on the CNR board Surrey, but what does it matter, unless you want to sell now? Unlike Condor, we don't need to issue equity to keep the lights on, much less fund La India construction. I assume you'll hold until La india production no matter what, assuming there isn't a huge spike for some reason before-hand? So relax - let the SP do what SPs do - they go up, they go down and occasionally they drift sideways. But who cares unless you're buying or selling?

Time will tell, but I agree that big trade has the whiff of finality about it. Let's hope so. Onwards and upwards!

Hedging is used to reduce risk, not maximise return. That's the whole point. Whatever your personal views on the future gold price, no-one has a crystal ball, and so yes, I think it could be prudant to hedge some production at today's price.

The counter argument is not that the gold price may go up, it is that the gold price is now so far above our AISC, both current and projected, that there's very little risk of it falling below that level - it would have to almost literally quarter before it became an existential threat to the business.

And so you have to ask what risk is it that you're actually trying to hedge against, because as it stands, the only risk as far as the gold price is concerned, is that we may make a bit less profit if it goes down a bit, not that the entire business model becomes shaky.

It's a judgement call. If it were me, I'd hedge a bit, just to provide a base-line level of certainty going forward, and in particular to ensure that there will be sufficient funds for La India development, but I wouldn't hedge the whole lot. But I'm not running the show!

> You see the thing is it ain't your country and you ain't fighting pal so why don't you STFU?

Goes both ways, doesn't it?