Member Info for jammin86

Fully funded? We said exactly that when they raised another 20m in debt a few months ago. And now another 30m.

This is a dog

I was not rude. And I, too, am shocked.

Betts is a complete liar who will never succeed at this business.

Things cannot be going to plan if they are raising more capital. Very disappointing. Share going to get battered

Well, it's not like they have a product they can keep selling forever into the future without incurring further costs, it's about ensuring they get good value for the stuff they can extract.

You'll never get a high PE ratio because mines have a finite amount of gold within them

Why did u ask 6 times??

At current gold prices, and assuming they deliver 200k ounces next year, they will not need a placing

Why did u ask 6 times??

At current gold prices, and assuming they deliver 200k ounces next year, they will not need a placing

Lol, HFSP

Its about where POG is going... It's not obvious that it'll STAY above 2000, in light of the extreme sell-off as it hit its ATH...

The longer it remains above 2000, the more it becomes support, and mining stocks will reflect that

Firstly, most criminal activity happens using dollars, so the crime argument is disingenuous and weak imo.

And as for volatility... It's been less volatile than long term treasuries this year. And the volatility will obviously reduce over time, as more and more people enter the space.

Yes there are other cryptos, just as there are many fiat currencies... Does the existence of the Indian rupee make the dollar worth any less? Nope.

The thing that makes bitcoin increasingly valuable is TIME. The longer it survives, the more valuable it becomes. The network effects make it exceedingly difficult to replace, just as the dollar's network effects make it sticky.

For the first time EVER we have something better than FIAT... Unlike gold, which suffers from very slow settlement times, bitcoin transacts in real time.

You'd still be early if you bought now by the way. I think its a complete no brainer.

For perspective, the dollar has lost more than 99% of its purchasing power relative to gold over a century.

There's no upper cap!

The increase in the price of gold IS the inflation you speak of, which is just the devaluation of Fiat currency against real goods (including gold).

Yes, very very nice. Once it seems sub2k is in the rear view mirror I can see all gold miners shooting up

Gold is pretty much flat at 2015 lol

Yup, perfect maths

Someone just took some profit!

Hahaha fair enough, I'll take a jump from 20p to 59p :)

Yup, I'll gladly take 33.5p!!

Agreed :). But the point of compounding is the 100% followed by 100% is 300%, and not 200%. You cannot refer to a 200% rerate as 2 successive (and compounded) 100% returns.