Member Info for LiqMyAce

I also feel Drachs know something about Dupax that we don't know.

Thank you EL, a good read!

Makes no sense Drachs putting in an offer. Darren cashes in his shares and retires. Half the value of this company is Darren's expertise.

If Dupax comes good this will blow the bloody doors off!

Yeap Cuck, I did the same test and got the same quote. They would not quote for 2 million though.

Was thinking the same and added a few more today.

Kaeren - I'm an MTL holder and have been for more than a decade. Drachs bought some of Nick Candy's shares before the Condor acquisition. Other than a £5 million bridging loan, Drachs have not financed the Condor deal. The deal was financed with paper and cash reserves. MTL is generating over £100 million free cash flow from the Runruno mine every year. Runruno mine will close in 2027, to be replaced by La India in Nicaragua in Q4 2026. La India will increase production to double that of Runruno. With other assets coming through in the Phillipines MTL will be a Billion pound company by 2028 - Hope this helps.

The Newcrest connection maybe at Topacio https://www.caesarsreport.com/blog/oro-verde-attracts-newcrest-as-partner-at-topacio/

Looks to me like this is gaining momentum, following a brief pause to catch breath.

Accipiter - seems sound, I'm also in BAE and Rolls Royce as well as a few others.

Nesnoor - Good luck!

Accipiter - glad you are up on HEX, it's hard to find good stocks to buy so with HEX I'm relying on the Drachs research machine. Very happy with MTL but have reached the point that I have so much invested in MTL, I need to diversify into other things with new money to keep a balanced portfolio.

Just bought into HEX. Did so on the basis of Evans/Drachs buying in here too this month, they are a major holder of one of my other holdings MTL. I'm following the money!

Bought a few HEX, just to keep up with the Evans's

Two drill holes will confirm almost nothing. There may be Gold there but two holes tell you almost nothing about the size and grade of the find. They will need to drill hundreds of holes which will take years and a whole lot more capital. You may make money out of this, but be prepared to wait years for it.

I'm out, they need to find some serious grades and volume to build a 500m + deep underground mine. If they do find anything they will have no leverage because they could never fund the building of the mine. So if there is any Gold there worth mining, somebody with deep pockets will get this for peanuts. Timescale for a project like this is 10 to 15 years!

I assumed Jim Melon was a cheapskate, he hired an ex Captain from the Gurkha rifles on a piddling low salary to head up a gold mining business. What could possibly go wrong?

The problem in Japan is QE increased asset prices (real estate and stock prices) but it did not reinflate it's economy.

Major - I'm afraid you are very wrong, this has nothing to do with capitalism! Austrian economics is capitalist, but the model views Quantitative Easing (QE) with skepticism or outright opposition. Their perspective is rooted in the belief that QE is a form of government intervention that can lead to economic distortions and instability, ultimately harming the long-term health of the economy. It's QE which is the root cause of the devaluation of fiat currencies. This means businesses and individuals are incentivized to invest in projects that wouldn't be profitable in a free market, creating a fragile and unsustainable capital structure. QE and bad government are the problem, not the valuation of Gold.

Major - When Nixon closed the Gold window in 1971 the price of Gold was set at 35 fiat US dollars an ounce. At today's price of $3,400 plus an ounce it's hard to defend the fiat US dollar which has lost 99% of it's purchasing power. This is not Gold conspiracy theory it's a fact, fiat currencies have collapsed when measured against the value of Gold.