Member Info for JerseyCrew

I think what you are seeing loftmonkey is a disconnect between the SP and future potential. In the absence of news, I suspect the vast majority of informed holders are continuing to do just that -hold. So the current SP is at the mercy of any shorter and traders trying to make a few % on the back of impatience, greed and fear. The current POG isn't really a factor at the moment in the SP but it does give LTH's plenty to look forward to.

I think it's that simple at the moment.

I have the upmost faith in SD and the fantastic BoD he has built around him to deliver for shareholders. This is a mining play and this play is still moving at warp speed compared to the average.

And relax.

They just opened the store 5.95 for £10K

I now know what the Julia Roberts, Pretty Woman character felt like - money in my hand and the store assistant says no!

I can get small quotes but £1K - forget it

They are walking the price up on very large instant sells

I have been here for a few years now JD - I was calling this my pension back in 2018 and before - in the words of the Monkees - I'm a believer.

Just trying to top up again this morning :-)

Still can't buy and they are now offering more to take £50K - feels like an order being filled bwtfdik

You would think so - and stop calling me Shirley!

I haven't used that line for a while :-)

Someone wants these - instant quotes for £50K worth

I can get an instant price to sell £10K - 5.84 but any buys going to NT - anyone else??

Benrumpson - absolutely - you were far more succinct than I.

If and it is an IF, a raise takes place and IF there is a discount to the current SP, then consider what has happened to the value of the underlying (quite literallly) asset and where that value is likely to head in the coming years as a result of the POG and increases in JORC numbers. So if there is a need to raise and if there is a discount that is required to enable the gold to be mined, is it a bad thing? Will holders be better off? Personally I think they will.

Is a discount inevitable? Not necessarily - depends on the forward view of the investor. If they want to take a significant stake for the future they might be happy to buy in at par. If they were to try and buy now on the open market they would move the price and make it probably more expensive, so whilst a discount sweetens the pot, it is not a for gone conclusion.

If I thought this was true I would be congratulating you on your lucky mistake.

My other observation with Golman and Citi - I strongly suspect that their forecasts have been down played internally to more acceptable increases - acceptable as in those increases which might not be regarded as outlandish. I would not be surprised for further upward revisions are given as retail consumers in the west start to wake up and I think that will come in a rush. Why? Lets take America and the fact the Costco are selling gold - word will get out of the rising cost of gold as shoppers walk by and take note and when your average American starts to include a bit of gold into their weekly shop it can spiral quickly - that's the power of the herd. Ever been in the States on a Black Friday? I have.

ChartaRex - and the really exciting thing is that miners haven't begun to catch up with the POG yet and we haven't started our next leg up the Lassonde curve. All the stars are starting to look like they have a real possibility of aligning within the next couple of years.

Usual caveats of investing apply - this is not for the day traders but they will have their day again here at some point no doubt.

Something to contemplate - listen to Eric Sprott and he mentions the Minsky Moment - if you haven't come across this before I suggest you look it up and then form your own conclusions on where the Fed is at the moment.

What's Sprott's solution? Gold!

I don't have to be that clever to understand something which can not continue.

I'm with Sprott.

I'm sure that there will be many tech davy posters here that will laugh at what I am going to say. My fear with Bitcoin is that it is not tangible and that to my mind creates a risk or being compromised, hacked, stolen or made to disappear, whether by individuals or more like foreign state aggressors. Impossible you all cry - maybe so with todays technology but how can we be sure that advances in computer power / technology can not overcome today's impossibilities?

Gold is very tangible and accepted globally - always has been - the one constant over centuries.

I'm old school I know.

These are amongst the biggest names in the gold game - if you watch just one video, this one captures it all.

I have been invested here for a while - as we wait for news I thought I would reflect on my own posting history - this is as far as LSE would allow me to go back ...... 13th May 2018 - the SP was 0.57 at the time. For those questioning the multi bag potential now, you can work out the future bags with the benefit of hindsight at this time. Around this time I was posting that I have put a chance into my pension with a minimum of 10 year time frame - that chunk is still in there.

Anyone else care to share some memories? Interesting to reflect that the games never change on AIM.

.....Personally I think that the mm games have yet to restart. Looking at the low value \ volume of daily trades there just isn't the interest at the moment from new money and clued up pi,s are probably waiting with a lot (like me) currently sitting on paper loses. When we get some good news that is when the real games begin and you can bet that we will see spikes and volatility. We are approaching the news timeline and be prepared for the usual buy on rumour and sell on news brigade and the logic defying impact on the sp in the short term! GLA

Absolutely correct Novice - all I am doing is taking each factor in isolation - I might not have included all the factors but I think I have the main ones. Then I have thought how likely is something to happen - then I have tried think if something is going to happen, what is the magnitude of the event. Sp tale POG - my factor range is 2 to 5 because I believe it will go to between £5K and £10K our oz in the next 2 to 3 years but could take longer. There are some like Pierre Lassonde who has said he would not be surprised it it went to $19K by 2027/8. So that is one example of my range and factor. I have applied the same typer of logic to the others. The key is not to try and second guess the end number - if its too large in your current view then the tendency is to think you must down play the numbers that got there. Simply take each factor in isolation and do the maths. It's about probability and magnitude. And it's all about a bit of fun on a Sunday morning.