Member Info for GodofHellfire

I suspect those sells were a "free carry" i.e £10k put in, £2k made, £10k taken out. Sit back and relax

More swingers than holders around at the mo. It's all about unemotional profit, not the medium or long game. Those people are holding onto their cash whilst we're in a bear. What we need is stagnation

Isn't a lot of the sells bots that do it automatically? If a set of criteria is met i.e a theme, then it will buy and sell accordingly. There needs to be a constant volume which means robust fundamentals alongside a large amount of publicity

POG forecast is $2500 next year

The most important thing here is that there is proof of minable deposits in Cameroon which looks very exciting for the 12km strike in the district package

A good few of us would be multi millionaires if that happened. Sounds ridiculous but it's possible. If there was a big find, it would run away with itself as the realisation hit home that a new virgin district could produce multiple finds.

The science is pointing to this possibility. And the hypothesis has continually been confirmed as true...so far. Odds are very good.

Two things. Firstly the gold price prediction for next year is $2.2k. If that does happen (20% increase) then it may turn on the big guns who can turn a profit from that kind of price.

Second thing, this price is getting too low. Surely there's a consolation on the cards?

Yeah wondered if that bit was snuck out at the end a bit undercover. Land access issues as in limited roads or issues with the local population? The latter could be a problem and reduce the license package considerably

If I was a massive gold mining company and I was more than acutely aware that there are no new unexplored frontiers and yet there was this little company who had carved out a brand new district and got licenses to explore and was having continued success with discovery, I'd be watching them like a hawk and preparing to scoop them up before other majors. I guarantee that there is no question the majors are hovering intently

There is literally miles of gold scattered at surface. If there was no visible gold or just a tiny bit here and there I'd be more pessimistic. This is the sort of place prospectors in the olden days would create a township to develop. So if there isn't significant gold below ground I'll eat rotten turnip covered in marmite

Yeah these crypto insolvencies are highlighting a vulnerability. Expect people are moving into gold instead

Interesting. I wonder if anyone on here can make it on our behalf and ask a list of questions we can come up with?

Nope didn't work. Di nada

Surely being available on more trading platforms will help increase awareness?

Just set an account up to save on fees from HL. Can't find ORR on there. Am I being stupid?

Thanks Kat, interesting.

I've just been reading about this so would very much welcome someone who is more educated to help me understand it. I might need fact checking also in case I've misinterpreted...

It seems there's a story here. In 1971, when the USA removed gold backing up the dollar, the EU didn't like it so they started building their gold reserves relative to their GDP, in case things went bad. In more recent years China and Russia started building up their reserves and there was talk of them considering their own reserve currency.
Anyway, the US have been a bit flagrant with their reserve status and have weaponised the dollar, massively printed and exported their inflation which is creating a lot of debt. If/when the debt gets out of hand a revaluation of gold could help eradicate a lot of that debt (assuming a balance of reserves within a region, like EU, Russia/China). If that were to happen the feeling is that gold is worth somewhere between $10,000 and $50,000 an ounce. Something like this could only happen if there was a global crash with countries struggling with debt. This would also create a scramble for gold thereby increasing the price further. 2023 is starting to look like it could be creating the conditions required for such an event and even the Dutch CB has already called for a revaluation. Gordon Brown kindly sold all our gold so our reserves are woeful.

What do people think?

Thanks for that Kutzz and MTM. Glad you both reached out to the BOD and appear to feel a little better about things. The lines of communication should stay open and I really hope others who have a lot of personal opinions validate them with a conversation with the board. There's also a number of on the ground Cameroonian employees who the BOD are responsible for so they'll be doing all they can to ensure success for everyone.

What would that do to us shareholders if that happened?

https://tenor.com/bM1E0.gif