Member Info for Jerryspaniel

There is a webinar at 4pm hosted by mining network and Arlington. Eric sprott, Pierre Lassonde, ned naylor Leyland, Michael Oliver and Luke Gromen. Must see for anyone interested in gold.

This is a good article by AEP, but he misses half the story. Slowly it will get to mainstream media, but by then we will probably be at $3000.

For those interested, Dannika Warburton is holding a webinar at 4pm today with all the big players in the PM space. Pierre, Eric, Ned. Luke Gromen and Michael Oliver. Just missing McLeod imo. Should be a great watch.

Evening Drover. Hzm didn’t get financing cos nickel is on its knees with the Indonesians flooding the market. Fortunately Ggp has gold and copper as its two main deposits, which are both highly sought after. There is plenty of finance for the right projects, as the major commodity traders attested to last week.

Lassonde was reported in KWN over the weekend that he could see the gold price at $18-19,000 based on Chinese speculative demand.

As the Italian said below, if gold goes on a tear its likely it will be because the Dow is collapsing.

Taking 1980 as a benchmark for the 1.4 ratio is somewhat misleading, because not only was that the high of gold, but also it was a temporary spike caused in part by the actions of the Hunt brothers.

But I agree that, imo, we should see gold much higher than here.

From what I know the aisc at Telfer won’t be the high levels of last quarter as that was a materially affected by the cracks in the dam and reduced throughput. I think the previous quarter is a better guide. This will be reduced by mining for profit as opposed to mining for ounces, which was what NC were doing. To that can be added the cost savings of a smaller company. So I expect aisc to be below 1750 at least initially. Obviously Havieron will be much lower with big copper credits.

No problem with the gold price Bamps. Speedy is being his usual conservative self. Pierre Lassonde is on KWN talking about $18-19,000.

C’mon speedy stop being so negative! 🤑

RK, they have done a cracking job renumerating the share price…..

Hi Southern. You obviously dont know what I know. If you did you might have a different view. Of course I didnt know that at the time either.

GH would have sold the business for 6p. He had no long term strategy. The JV was an awful document which was amended just before Shaun arrived, to our detriment. He then cashed out over a few days, whilst giving the impression he was buying. He started as a good promoter and ended up as a classic pump and dumper.

Add, I tend to agree, so therefore we shouldnt expect many buyers to appear and equally not much of a rise in the sp.

When was the last time that any director of Solgold did a roadshow around London, Toronto or New York?

Not going to get widespread Insto support by putting out tweets and interviews. Maybe they think that is a waste of their time....

Add I presume that you must be a fan of Keynes. I am not and I side more towards the Alistair MacLeod view of the world. Gold will rise cos fiat has no future. US debt is unsustainable and its getting a lot worse, very fast. IMO.

Add, with the massive contribution from copper and a bit from silver, the aisc will be way lower than $1100 I think. But we are 5+ years away from production so the movement in metal prices is pretty irrelevant unfortunately.

Imo most brokers just pass all their stops and limit orders to the mkt makers. They neither have the time or the skills to manage, and definitely not for about £5 a trade. So the mkt makers have all the knowledge about PI order flow, so it should be no surprise when you get stopped out at the low and the price rebounds. Far too much knowledge and temptation.

I never leave resting orders unless I am away from my phone and a good signal, which is hardly ever. If I do they are to buy dips and sell rallies, not to be stopped out.

Mrprt. Why do you read them?

Stop losses are an excellent way for the mkt makers to rip your face off imo. If you use them be prepared to be stopped out at the recent low.

Eloro, maybe NM was the right person for that time. Exploring, promoting and teasing shareholders. But I really don’t think he could do the work required atm.

Of course the market was different a few years ago. Since then miners and particularly explorers have been trashed. But there is definitely the start of an uptick in interest and it’s quite possible that “the market” will take this back to say 20p before the fun starts. Let’s hope so.

Morning Speedy. I listen to Maguire every week and he never fails to annoy me! Occasionally he has a great piece of information, hence why I bother. But I really question his style of presentation. Does he talk like that to fill the hour, or is it because he is bonkers, or is it because he is trying to make it unintelligible for the ordinary person. Being an ex financial and commodity trader, I would expect to understand him more than others, so I feel for non industry experts.

If he really wanted to get the word out to the “man on the Clapham omnibus” you would think he would just talk in plain English? That he doesn’t makes me think he is a bit thick or is trying to hide a lot of what he says. I am going to assume it’s the latter, but don’t know why.

Would love 30mins in his company. But no more than that!

Eloro, good morning. I would like to underscore what Add has said on the subject of the CEO. NM is a geologist and an explorer, he most certainly isn’t Ceo material. He has no eye for detail nor all the work needed to take an explorer to a position where the company adds any value and is saleable. Having spent 30 mins with NM and Moller, albeit some years ago, it told me that I could neither trust the bloke nor believe in his vision. I thought him a p&d merchant. I should have sold up then, but greed got the better of me.

I think most can agree that DC was a complete and utter disaster, and galling to think we had to pay him £2m just to be shot.

SC inherited an appalling situation, where we had no money, couldn’t raise any, but had to advance projects to the point where someone might actually want to own all or part. He is ticking off the boxes as fast as he can but getting permits isn’t a five minute job. The team pulling the strings now is completely aligned with most shareholders (barring Quady) and is engaging with our major partners and potential buyers, not upsetting them as NM used to.

The sp fall on SC watch is partly because no one knew how bad the situation was, partly cos we had no money and partly cos the overall mining sector has been dire and junior explorers were worse than dire.

With the metal in the ground having a surface value of about $150billion, I would expect there to be a higher level of interest now that potential buyers are no longer in the most hated sector and will start to have a currency that can make investments.

Is SC the best ceo around? Absolutely not. Is he getting things done to make us saleable/investable in a way that NM could never do? Absolutely.

I added significantly to my holding in the mid 6s when I watched the SC interview. I think I can trust him a lot more than NM and am relatively happy to watch it all unfold.

Ace, I listened to Roger Mason. Firstly he was reading from a script which I never think is great. Secondly imo he has been trying to big up Antipa for a while now and probably would sell the company if he could. Getting a bit desperate methinks.

He certainly wont be driving the bus when it comes to consolidation in the region.