Member Info for ElectricLion

Seems somewhat anti-climactic now, but some of us have been waiting a decade+ for that RNS!

It is currently very unclear how SA will be funded going forward (or even how it has been funded for the last few months). If we can afford to keep it, then great, but I worry what it means for dilution going forward. Until that is clarified, then selling seems the more affordable option. But who knows. HAA can see more than we do, even if he is pretty bad at communicating it!

An unecessary attack CfC. Without knowledge of all his trades and those he makes on behalf of others, you have no right to make such accusations.

Honestly, history has shown us that TW doesn't have much more idea than we do! That said, I hope he's right! We have waited rather a long time!

What's your point exactly Major? Buy FTSE 100 tracker?

No offence, but you come across as... somewhat jumpy... maybe you're not cut out for this game.

Major: if you're concerned about the price of gold, or think that it has "very little...intrinsic value", then you probably shouldn't be invested in companies that mine the stuff!

I'm suprised gold hasn't seen much of a consolidation period at least. Just one high after another for some time. I'm no chartist, but it seems to me it could easily lose $500/oz from here without unduly harming the long-term trend. Indeed, it could even be healthy. Nothing goes up in a straight line after all.

But even so, you have to bear in mind that the gold price, much like the prices of houses, cars, or burgers, is more of an artifact of the value of the currency it's measured in than anything else. And does it seem to you that the USD is likely to get stronger or weaker over the short, medium and long term? I think weaker, as measured against tangible assets, seems inevitable, it's just a question of time. So gold will continue to do fine over the longer term I think. The issue is, that the price of just about everything else will go up along with it...

HAA said in the latest interview that he'd like to keep the SA assets if possible...

I'm not sure how/if that's possible, or what it would imply from a dilution point of view, but it's worth bearing in mind.

Agreed MF - £400m is a stretch considering there are companies worth less than half that which are throwing off cash - MTL and THX spring to mind. That said, 0.75-1.25p seems on the low side. The SP hit 0.68p end of Nov last year, based on nothing more than the hope/anticipation of TK closure. I'd hope for a min. of 1.5p, but we shall see.

Either way, true value is only likely to be attained once production is well underway. But that's OK, for me anyway. A quick multi-bagger on finance approval would be very welcome, but I'm a long-term investor at heart, and shall probably stick around until production either way.

The SP suggests that is not the case broomtree. You can't trust LSE's buy/sell indicators.

Are you drunk?

Less talk, more action. That could apply to some members on this board as well as HAA.

The 14k buy is mine, along with the 6k sell just before it. A transfer to my ISA basically, with a net increase of 8k.

Indeed. The theory goes that gold and gold equities, especially quality ones with cash in the bank, should weather this kind of storm better than most. In the short-term however, the market just sells off everything, as it's easier than thinking! Plus some may need cash from gold/gold equities to shore up their other investments. A buying op probably, although there could be further drops before the markets stabilise.

You're getting worse Seingred...

A few more days to go until the new tax year. Feels like a game of chicken! Do I top-up now, or wait to put them in my ISA?!

I held GGP some years ago and made decent money. Sold out when the price seemed to be getting over-heated but it just kept on going! Fond memories! I haven't followed them closely since, though I check-in every now and then. My assessment at the current time is that while they have an awful lot going for them, a MCap of 1.7bn is... a lot! So I think there are probably better buys for the money in the gold space. But then I thought the same a few weeks ago, and they've done well since then, so WTFDIK!

Ugh, not this pointless debate again. While you're at it, don't forget the 50m trades earlier...

Also WB:

"To refer to a personal taste of mine, I'm going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the 'Hallelujah Chorus' in the Buffett household. When hamburgers go up in price, we weep. For most people, it's the same with everything in life they will be buying — except stocks. When stocks go down and you can get more for your money, people don't like them anymore."

Of all the times to sell, and reccommend selling, you choose now??? Good luck...