Member Info for Impecunious2

Decimal point left sounds right to me.

Hi, Sports

Thanks for posting this. I really enjoyed reading it, and am much better informed than I was before.

Hi, Doc

Surely, since the South Sea Bubble of 1720, which is about three hundred years, if my maths is right, after a bottle of wine and two bottles of cider.

Hi, Bhargav

I see the one trade is for the princely sum of 17 pence. It's either a child spending what's left over of her pocket money, after she's bought her favourite chocolate; or a market maker, balancing his book.

Hi, Chicken

I like the idea of Brad working overtime. Probably a ten minute phone call with Louis, followed by a round of golf, and then some serious research into the Australian wine industry. Every one must be tasted, in order to reach a balanced judgement (or unbalanced, as the case may be).

So, a touch of blue. Perhaps everyone who wants to sell, has now done so. Unless there's further bad news, which is very likely.

Something that's good about this chatboard, is that there's a lot of goodwill on all sides.

This won't make any difference to the share price; but does make reading the posts something enjoyable, rather than something one dreads.

Hi, Wiltshire

I'm not so sure about this. Sentiment can do a lot. GGP never earned any money, but that didn't stop it going from 2p to 35p in twelve months.

It's the prospect of making money that matters.

Hi, Break

"Even when" should read "especially when."

I suppose we have to look on the bright side, and say this is something horrid, which must end sometime. Character is tested by adversity, etc; which really means, remaining cheerful in difficult circumstances.

Things could be worse; we could be fighting on the eastern front, in Ukraine.

Yup, that's the solution.

Maybe it's children learning how to invest, using their pocket money and their father's or mother's account.

Hi, Yela

Thanks for clarifying this.

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.