Member Info for Happyhaddock

@ Starbright what you say is true but we do have to recognise that when enough people believe the drivel that is spouted it does become a self fulfilling prophecy, which is which the price of silver can leap about so erratically and become disconnected from any true measure of value.

You don't have to believe the drivel, you just need to understand how it will affect the behaviour of those that do believe it and understand the motives of those that spout it

If history tells us anything about silver pricing it is that its price and value rarely align, there are plenty with motives for hoping the price stays low, and the means to keep it low. There are those with motives for wanting it to increase, who tend to lack such means to control the price.

It would be great if the silver price could just keep trickling up slowly to a sensible level but I think we all know that its price moves tend to be wild and erratic where the likelihood of it overshooting any true value on a spike up is a strong as the probability of it being held below true value .

It is for these reasons I tend not to forecast silver prices or listen to those that do, I simply believe that when I was able to pick up a load of the stuff at below $20/oz it was undervalued and that at some point I'll be able to sell it a profit when it is overvalued, where I have the advantage of being in no hurry... I can just wait and hope that those claiming it will be a short wait are correct.

we've been expecting assay results for some while, but as we all know globally the combination of increased demand for assay work and covid has set things back somewhat where the average seems to be a 2-3 month delay, which means some countries and labs may be taking longer than even that.

It would be great if we do get results sooner but I wouldn't be surprised if this long wait and slow slide sideways drags on a bit further yet, after all how many months now have folk here been expecting news "next week"

HH

EWT98 - Couldn't agree more as you've pretty much summed up my own views and reason for holding UFO as my most dominant equity position.

When a silver bull market starts you don't need to have picked the best players, you simply need to be in the game. I do believe that the inevitable rise in inflation won't arrive as quickly a many expect, and that there may be a short sharp deflationary shock first. I believe this if only for the cynical reason that it will enable the powers that be that pull strings globally to repossess more real assets from any body with debts (ie the majority of the world) before then allowing the price of all those assets to really rocket.

Consequently if inflation is a more drawn out process our iron ore may actually be the bigger money spinner in the short term, but overall I'm here as a long term silver play with our other projects a bonus that de-risks the bumpy ride until silver "does its thing".

You could always submit a cynical petition to investigate the government's refusal to accept petitions wanting to investigate the failure of the official channels to investigate potential manipulation of the bullion markets!

As they want you to define a clearly worded acceptable outcome you could define that outcome as the government producing an acceptable wording for a petition they will accept.

Sure as hell won't achieve anything but it my give the junior civil servant that has to reject it a laugh.

Blakney, never was a truer word spoken,

we all want the SP to increase, but as you say, a sure sign of financial success will be when this board becomes a cesspit that genuine long term investors no longer bother reading or posting on...

odd how the character of different boards here on LSE varies so much;

here irony, sarcasm, and irreverent tangential humour seems de-rigour, yet on another board I've just been called out for offering an intelligent answer to a question simply because it was about something other than shares/investing.

So... as to whether this board should show red or blue... I think tartan would be appropriately different!

Glittertip it's for the very reason that the SP is drifting no where at the moment that people pass the time idle chat.

You don't have to read it or join in you don't want to

Trek,

I think the reason the fly and train confuses is that parts of the fly stop moving before other parts, hence the front end of the fly passing out is back end as it hits the train's windscreen. Alas for the fly, although easily deformed it is not elastic enough to fully resume it's original shape having changed direction!

Similarly the train itself also has to fractionally deform to absorb the impact of the fly, however the difference in inertia is such that the deformation of the train is so slight it isn't visibly noticed and so the train's windscreen is easily able to reform its shape from such a minor deformation.

If the fly were much more rigid such as a tiny ball bearing weighting the same as the fly, then it would have to be the window that did much more of the deforming and in that cases the glass might not so easily recover from that.

could not abide the smells of practical organic chemistry... far happier doing my science with a pen and paper and a bit of brain work which I suppose is why I qualified as theoretical physicist. That way you can derive everything you need from an understanding of the subject as and when needed without actually having to remember masses of stuff.

I'll concede that gold doesn't have as strong a fluoresence signal as some (most) other metals so perhaps for geological field work looking for trace quantities using portable equipment there is some difference to using much larger lab based machines to look for those same trace levels, or as you say using basic hand held equipment to distinguish 9ct gold jewellry from 24ct gold.

hence my comments about being easier to look for other minerals indicative of gold bearing rock and that the real skill in inferring things from small samples about much greater volumes of rock that can't all be measured.

Wolfy --- everything is subjective... UFO is my second best performer up tenfold form my initial purchase price but even I was down for the first few weeks I held it. If you bought on the recent spike it may take longer for this to show you a profit, but I genuinely feel that this is on a long term upward trajectory, it's simply a case that nothing goes up in a straight line.

I think the thing with any of these analytical techniques is that they tell you about the sample you put in front of them, the skill (in relation to mining) I imagine, is in having the geological understanding to make sensible inferences about everything you haven't been able to sample.

@ Trek I am surprised to read the comment that XRF analysers don't detect gold.

I'm always wary of those that proclaim themselves experts, I'll merely say that I studied theoretical physics at Uni, covered this technique in detail and went on the use/operate XRF equipment in a commercial lab (not mining related) and at one point looked at getting a basic portable machine for my own personal use with some experimental archaeological work.

I suspect the point being made is that it is rare for gold to just be on the surface for easy detection, and as such it is sensible to look for indicators geologically associated with gold bearing rocks that may be found below surface.

Investing in silver coins and ingots needs to be a very long term investment or form of insurance because of the high premiums (+VAT) when first bought plus the fact dealers pretty much only pay spot price when buying back from you. However silver really does move in a bull market so over time it is easy to make plenty big enough gains to cover those large spreads. I see my "stack" effectively as a long term retirement plan and alternative to a pension rather than something to trade. This is why it massively dwarfs the value of my equities portfolio, something which I view as far more risky and speculative.

That said I bought the vast majority of my Britannias when they could be had for below £15 each (incl taxes and shipping) and even though they have roughly doubled since then I'm still waiting on the real silver bull market to properly start, as in terms of silver bull markets I don't consider doubling in price more than noise!

No interest in football myself, can't abide the game myself, however for my sins I used to be a general knowledge quiz fanatic so find whilst my brain has little space for useful knowledge it is full of redundant trivia...

I took a punt that there may be a Scottish connection to Tyndrum 1872's name and that people often choose nicknames based upon personal interests, where football is the UKs most fanatically followed pass-time...

1872 - rangers fan?

Reprocessing old tailings is an approach being advocated by other AIM listed junior miners/explorers as a means of generating a little short term cash flow.

However whilst I've seen various topics on bulletin boards attempting to calculate the value of metals in different companies old spoil heaps, I've yet to seen any reliable data about what actually processing these heaps costs both in term of initial outlay on equipment and then day to day running/staffing/logistics.

The very fact various companies (incl UFO) are considering this suggest that that they believe it to be worth while, but does anyone have a source of useful info on costs... discussion here seems to have settled on the idea that EH tailing may have about £3-£4m of silver in them and that we may be able to get about half of that as profit but I'd like to learn a little more about where the approx £2m costs come from as we will end paying more than just the cot of aquiring the tailing sin the first place.

Cheers

HH

Bellers this surely has to prompt a heated debate about what constitutes an appropriate alcoholic beverage to have consumed if charged with being drunk in charge of a lawn mower... it almost seems an unwritten rule of this board that people never directly discuss the actual company but go off on a tangent to confuse those checking in for the first time.

It almost seems appropriately ludicrous that it should be some sort of exotically coloured ****tail with umbrellas and sparklers, not something hidden in a hipflask!

Bellers , maybe all us LTH should club together to hire you a groundskeeper... even if you only have small lawn, we could ensure somebody was trimming it at all times!