George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hopefully more trials than Donald Trump this year.
Any thoughts on the APAC customer with 4000 km of rail? Thailand?
Speedy - will take a look thanks but I'm more MMT than gold standard you won't be surprised to hear.
bamps - not sure what you mean re Forbes but I'm sure its good.
trippy - you're right I was going to start in 2010 but thought I'd let BTC get to $10 and forgot to update GGP for its 2012 price of 1p (google finance). Doesn't materially affect the comment
MH - I'm not telling you what to think, that's for you to do, I'm just giving a point of view. I was spurred to respond a contrarian view by someone asking if their advice to a 17 year old relative to invest what appeared to be a sizeable chunk of his savings in GGP was a good idea. You're right though that I'm not welcome here. I do wish you all the best with Haveiron and all the other sites and that your fortunes do turn around soon as you have a nice little cabal here.
You guys crack me up.
If you're going to quote numbers, don't just make them up. The Cambridge model was rounded down last year by 30% as it failed to keep up with the ever evolving sources of energy for BTC mining. Currently the energy comes from 53% sustainable resources which is increasing as a percentage. It even leverages things like flared gas from oil rigs (land based) and drives sustainable energy investment.
Let's face it mining gold isn't that ESG so you're on thin ice with that. It uses MJ of energy to pull stuff out of the ground to put it back into another hole in a gold storage facility - so not the most useful.
I'm not really looking for a huge debate. I only have a few percentage of BTC but I see it as a valid investment that everyone should at least consider with an open mind as much as gold is a valid investment.
On Fiat, you'll find that the world is replete with failed fiat currencies from major countries over time. BTC hasn't had a single bit of help from any government in its life. The major currencies have had several major stimuli since 2008 and aren't worth what they were 3 years ago let alone since 2008.
2017 - missed the number
Correct, I didn't invest in BTC until 201 as I thought it was a load of toss for drug smugglers and money launders. However since then I have read about it and have a greater understanding of it and see that narrative is somewhat incorrect as its just about the worst asset for criminals as it is completely traceable through the underlying blockchain technology.
Regarding macro - you can start with the effect of global liquidity on investment cycle - maybe this link could help. https://www.ft.com/content/4d3790e0-cf12-47f9-a129-b44f4ed70e67 Google or ChatGPT can help with the rest. You just need an inquisitive and open mind.
I thought the guy wanted ideas rather than confirmation bias and I apologise for my interruption. I was invested in GGP in the past (2015 - 2017) and did well but have since moved on (and sadly missed the big run up [and run down]). GLA.
GGP in 2012 ~ 2p, now 8p (via 36p in Dec 2020) (+300% or 6p)
Bitcoin in 2012 ~ $10 - now $40,000 (via $66k) (+399,900% or $39,990
Not a bad Ponzi return after 12 years but I'll leave that with you.
I wish you all well with your investment, I just wanted to put an alternative out there in response to the question posed and as an aside, I would only have it as a few percent of the portfolio as part of risk management - believe it or not it actually lowers your portfolio volatility whilst increasing returns.
Tell him to put it in bitcoin - more liquid, near beginning of bull market with ETFs in US. Will help him learn about the future of money and understand global macro flows.
Agree long term support line is 10 but it tends to bounce quickly from there and you may miss out the first recovery punch up. So will start adding
This looks like a great entry point. At the bottom of the price channel. Pop forwards 12 months and post any recession, luxury brands are what people aspire too. Crack on
@HH - aren't you just shorting bitcoin here? Fairly risky as the ETF launches in Jan and halving in April could be both bullish events. Seem a lot of risk for not a lot of downside return.
To be a pedant, the downside is 100% whether its 10p or 150p. It's track record isn't good so far though although I'd love to see a catalyst for the better.
Chris Gorman doesn’t seem to be with you on this one by the look of the TR-1.
Starting to get some visibility into the numbers and a bit of momentum. A few buyers turning up. Roll on
Constant positive feed of news and evidence that the partnerships are starting to deliver. Mexico is a growth story for the next decade or so. Roll on…
Don't forget the RTO raise of £14.7m at 0.5p which adds in a further 2.94bn shares. So maybe halve your proposed numbers.
Paloma bought in June at 0.22 and are selling at 0.5, 4 months later or about 125% return which isn't too shabby. Maybe the new direction is not what they wanted and they didn't want the dilution that would come with the RTO without adding more funds. The new partners are maybe likely committing to the RTO situation as they know the plan. I can't tell if the next step is good or bad. It seems a little strange but I can run with it for a while and at least it starts at 0.5 which is up from 0.365. I await progress with interest.
Any views on the potential timetable/timeframe? Didn't see anything in the RNS.
Any knowledge on the proposed timetable? Have I missed something? I’m guessing it could be a few months but happy to be corrected.
Something's afoot! Any speculations out there as it seems quiet from planet Rockfire?