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Hi, Break
Brad's right to say, that the best option is for OMI to reclaim all of the asset.
Business depends on trust and goodwill; and I don't see how we can trust Newmont/Agnico again after this. So we'll have to go into partnership with someone else, to get the gold out of the ground.
It's good to see the analytical minds of Jackbal and others being applied to this problem; which is so complicated, I've given up trying to understand it myself.
If the matter goes to litigation (presumably under Colombian law), my fear is that those with the deepest pockets will win (and that isn't us).
Hi, Tray
I'm busy with GCSE teaching at the moment (history and english); but I just want to say that I appreciate your coverage of POW, and your optimism. Without hope, we cannot live.
Best wishes
Hi, Break
He's more likely to be playing golf. The stress must be immense.
Or March 2020, which was a mini-bear.
Hi, Legal
It depends what one means by a bear market. The FTSE 100 is doing well; the FTSE 250, much less so; and the FTSE AIM index has been declining for the last two years.
We're certainly not in a repeat of 2008, when everything fell.
The reason one invests in POW rather than one of the spin-offs is to get a diversified portfolio of assets. The rewards may be smaller, but the risks are smaller, too.
Another way to achieve this would be to put some money in each of the spin-offs, and accept that while one of them might have bad luck in exploration, that should be covered by another having good luck.
In fact, most of us (including myself) bought in to POW because of Paul Johnson; and since his resignation as CEO, some have baled out, and others have stayed in. It seemed rather faint-hearted to sell, so I stayed in.
A touch of blue cheers the soul.
Rick Rule's a character. On the shelf behind him, in one of the interviews, there's a German helmet from WW1.
I don't agree with his politics, which are well to the right of my own; but if he's putting money and publicity into POW, it's good news.
Things can always get worse.
Well done everyone with the commentary. I count myself lucky that I'm rushed off my feet with teaching, and haven't had time to think about this horror show.
Best wishes
Hi, Legal
Much appreciated, as always.
It's a quagmire.
I do find it rather disturbing that the CEO has one quarter of the number of shares that I do. But let us look on the bright side. It shows that his financial judgement is far better than my own.
Sorry about the duplication. Technical error.
Hi, Bhargav
Don't be too hard on yourself in para 1. We all make mistakes.
But your remark that it cannot get any worse, may be too optimistic. Margaret Thatcher used to say, "things can always get worse," and she was right about that.
Best wishes
Hi, Bhargav
Don't be too hard on yourself in para 1. We all make mistakes.
But your remark that it cannot get any worse, may be too optimistic. Margaret Thatcher used to say, "things can always get worse," and she was right about that.
Best wishes
Well done everyone with the commentary.
I only found out about this a few minutes ago. Fortunately, I'm rushed off my feet by teaching at the moment (history and english lit); it's better that way, as I don't have time to grieve over the financial loss.
Best wishes to all shareholders, long term or short term.
Hi, Bhargav
Yes, we are in sleep mode. Let's hope we're not sleeping beauty, who slept for a hundred years, before she was awakened by a kiss.
Hi, mapp
I think Seingred is right on this (and other matters, too). You should stop worrying about Hargreaves Lansdown, and start over again with another broker.
Best wishes