Member Info for Jerryspaniel

Why would anyone buy coins at such a premia to their intrinsic value, when the bid is rarely at more than intrinsic?

Isa and sipp wrappers are cgt free. Nice tight bid/ask on an ETC. No VAT to worry about.

Armageddon doesn’t bother me either as it hasn’t happened. If it does, a few thousand ozs of silver will be the least of my worries. Each to their own I suppose, but it’s more collecting than investing.

The intelligent folks on here will counter Elements posts with facts. The ignorant will resort to abuse.

Pretty easy to sort the wheat from the chaff on this board.

I am really enjoying the reasoned, passionate, but respectful debate between Element and OM. That’s the way people like me who are not geos, engineers or mine builders, learn. It’s such a shame that so many others can’t join in to educate and learn. Element might be a little brusque, but he knows his stuff. I get the feeling that OM knows that too.

If more of you who have actual knowledge on the subject, could also engage then we might all benefit.

I accept that the few football hooligans will be just that, shouting through ignorance. Maybe they are frightened that they may learn something that they wouldn’t like?

Ricardo, you have the dividend the wrong way round. An Aud dividend will be worth more in £ as the Aud strengthens. That strength has already benefited our UK quote by about 50p, assuming that we are an Australian company these days.

I bought quite a bit in the sell off, and have now sold that. I don’t like the political risk so it’s just a trade for me. But the volatility coupled with liquidity makes this a fun stock to trade.

I appreciate the intelligent comments from both sides of the discussion.

I am expecting Telfer the mine, to be still producing in 20 years, and at a production rate of a lot more than 45,000 ozs per qtr. probably at least twice that.

I have unfiltered Q, to make sure that I see him if he turns up as a holder in any stock I own. Then I will sell up. Undoubtedly the most deluded poster I have ever come across. I sold out of Solgold some time before Christmas. Made a few quid, probably not enough for the time and hassle. Good luck to most holders past and present. I doubt whether I will cross paths with many of you again. In some cases that will be a relief! Probably for both of us.

Tug. My rules.

Be interested in the process and the financial sector.

Enjoy the process.

Read a lot. Choose who to trust. Discard many.

Hopefully themes or situations will become apparent.

Investigate how to express those themes in investments.

Research.

Start small. Have a size of position that reflects your knowledge, your confidence and your risk tolerance.

Build as those three increase.

Buy dips and sell rallies. If you start doing the opposite, stop.

Enjoy it. If you don’t, stop.

Be prepared to change the rules to fit your personality, which become your investing style.

Your P&L is your scoreboard.

It’s simple but not easy.

Morning SAS, just one point of clarification. If you are concentrating on AISC, then you do have to forget the copper as it’s used to reduce the AISC and can’t be used as revenue vs the AISC. But otherwise you are spot on.

Also would like to acknowledge Legals recent posts. Muchas.

Rob, you are very unpleasant person. I asked perfectly reasonable questions, and generally received very informative answers, especially from OM and Dr R.

I am a relatively new holder, so the questions would be expected from someone like me.

So far you have added nothing and can’t be civil which is a great shame. Some push back to the over simplification as some posts should be expected, especially when some posters don’t understand what the definition of a mine is, which should be basic stuff.

I think I could add quite a bit to this chat, but I am inclined to not bother. Or maybe we should just filter each other?

Appreciate all the considered replies. Thanks v much. Not sure I will learn anything from Rob, but apart from him all good information. I am happy to hold. Probably won’t buy more till a future raise. I can be very patient.

Rob, I am sorry but open cast is still a mine! Presumably the super pit is not a mine either on that basis…..

Speedy, I got to £45 per share basis 1.38 on cable.

WRT dividends I think I have said plenty on the subject and when I read the absolute dross that AI produced for Socialist, I realise my task in educating is a complete waste of my time. So no more comments from me, except to say that I acknowledge that Aussies like dividends as they get a tax credit and those in UK don’t. For the rest of you, I will leave you to your own opinions.

I will not be drawn into any of the back and forth with you know who. But I do wonder whether £13m (or is it $13m as per OM?), will cover the extra hiring that Brad has alluded to, the drilling that is planned, the studies that are required, the leasing (not purchasing) of kit and the building of a mine (not the processing plant)?

It’s not a lot of money and in mining it goes very fast. Will OMI be forced to raise more funds from the market or do asset sales or some kind of streaming/royalty? Or is there another path to fcf that I am not aware of?

For those who care, I am a medium sized holder in OMI, underwater atm but fairly relaxed on the basis of the assets.

One day the dividend fan club will get it, but not yet it seems.

Jp93, could you explain to me why you are so in love with dividends?

You might be interested/affected/care if the party of tax and spend come after your Sipps and Isas….

My view would be better the devil you know, and all politicians have links to the devil…..

Maybe Macquarie could explain to all their investors why Shaun is wasting so much money on equipment that will never fit down the Havieron decline?

Dr R, I certainly don’t have your knowledge of OMI, but I would agree re any takeout price now. Best thing imo for juniors is to do the work and ride the Lassonde curve till the DFS, and then hope that there is a takeover at 40% above a much higher price. Otherwise it’s mining here we go and that requires a whole different skill set to promoting a discovery.