Condor24 Aug 2020 21:00
Good post ISA - if I was a billionaire & had 15% of a £50m company, would I really want to double my £7.5m stake? £7.5m for him must be totally insignificant. He must be looking at this thinking that he owns 15% of 5m oz of gold. I'm sure he'd rather have his 750, 000 oz of gold sat in a vault in IOM, but for the price he's paid for his 750k oz, I'm sure he's agnostic whether that gold is mined this year at $2,000 an oz or in 10 years time at $10,000 an oz. It's money in the bank ( admittedly a Nicaraguan bank), but if you've only paid pence in the pound for that gold, so what. I think that this is a long, long, long term hold for JM, & I'm sure that as any uncertainty falls away, he'll be increasingly happy to buy your shares for 50p, when they're going to be worth at least $500k a share !!!! - positive thinking 5m oz at $10,000 an oz - buy, buy, buy