Member Info for LuckyLuciano

"One can't eat Gold ."
Yes you can. Problem is you **** nuggets and you are back to square 1.
People worrying about what to eat during WW3 ....best joke ever.

..It seems to me that rate rise do little to bring down inflation, compared to the damage they can do to the fragile banking system. Too much debit asset denominated around.
More over the concept of higher cost of borrowing lower inflation is dead for many decades now.
Didn't they let in China in the WTO, with the side effect of lowering inflation with cheap imports....
Indeed high rates can only exacerbate debit repayment defaults in public companies and private household...
For banks is a fine balancing act whereas bad debit and insolvency, including higher inflationary internal costs, are offset by higher rates returns from lending..
Still in a competitive market only the fittest wins....will be interesting to see how much mortgage rates will come down, when rate rise will ease or even reverse...
Possibly a kind of UK bank's cartel cold be the life line saver for banks. Something similar has happened in the energy providers space, where people are locked in a high Kwh unit rate, while the price of wholesale energy is coming down...

Just because they take it does mean that they need it now.=============
Looks like they do though.
SVB, Signature Bank and First Republic bank did need it. Credit Swiss was saved by Swiss national bank and my be taken over over by UBS, a bit of accounting magics and all will be well.
For sure with the backing of central national banks the credit addiction can go on for a while yet...but looks to me that banks are ever close to be nationalised with the ultimate QE solution.
Then what ........the real and final economic test will be fought in the currency space, and the dollar in not really in a good place.
Anyhow seems that monetary tightening is coming quickly to an end. Will be interesting to see how the market will react.
Beside Emergency loans from the Fed, banks are selling US debit at an ever fast pace to cover liquidity.
No wonder Emergency loans as been at an ever record high, the Fed is kind of trying to buy its own debit.....lol

......or you could buy gold and gold miners and don't care.
PAF is a good bet.

Shonen
Noting wrong in trading shares and yes SA is not the safest place to invest, although a very much established mining jurisdiction and commodities producer....
But looking at PAF sp action, more than politics, it has definitely been linked to POG until one week ago when it diverged, when POG when sky high and PAF sp low .....
It could be called the perfect storm and the perfect opportunity to hold some PAF shares now.
I know PAF since many years back and did buy and sold few times trading the 16/20 range for a small profit, it could be that this time trading profits may come better than that.
Lets see what the Fed does with rate rise comes next week, many are expecting the smallest rise or even no rise at all. The USD index has already start to come down and imo much more to come, add to that the recent fear in the market about banks and we could have new hights for POG.
At the same time the sp of PAF is oversold, even the technical are giving a massive buy signal, with the sp going lower and the RSI going higher. Yes I have been a bit slow moving, I should have got in in the 13p but better late than never....lol
Next H2 financial for PAF will show more than 10% increased gold production, at more than 10% POG sold, resulting (if I am not missing some items in the P&L.) in H2 net profit been 50% higher than H1 . Forward PE for 2023 should be below 5, the lowest that I know among gold miners...
20p for PAF look a certainty but who knows, may go even much higher with. So many converging catalysts that can only be good for POG....
last week sp action for PAF showed some profit taking in the 12/14.5 range, imo soon as Monday this will be cleared and up movement (depending on POG) could be very quick.
No doubt the $ should help gold and possibly also put a floor on POO.
Interesting times ahead.
Have a nice weekend.

Hi all
what can I say, project funded for increasing production, one of the lowest PE among gold miners and now, bank crisis and POG making new recent high.
As to be in every investor radar.
Strange live price action though, my buys triggered a sp drop, may be some back log sell needing to be filled ?!

More interestingly where is right now this $1.5 billion.
At current rates it should generate a nice interest payments....
The magic off accounting, I bet comes next financial there will be noting to show on the books.

jefff
what your view on gold...

haggismchaggis1
Trust me you are giving the loner too much credit.
He is not even shorting All, he just need some kind of attention....even insults will do so long as someone engage with him.
When someone is desperately lonely would go to any length to find someone to talk to....

What a moron......

Please Mr008
investor boards are not place for people looking for friends to talk to.
So please stop been controversial with you funny posts, in order to attract attentions....
We have already replied to many of you drivels, but soon we have to move on, why not opening an account on Tinder and get a girlfriend or boyfriend?

I told you he is a loner .....

..Today is an opportunity to sell with a stop loss.
===========================
Apologise I though I repeat this opening post....is too funny.
I think he mentioned that we also operate in Mali earlier on..

I think he is a loner that need some company someone to talk to.

MIIF and the Government offices that look at an authorise ML are different entities, run by different people. Still they are all part of current Ghanian Gov.
Recent endorsement of Atlantic lithium and dismiss of BlueOrca claims from MIIF, goes a long way to predict that a Mining License will be granted.
Atlantic Lithium is mentioned several times and in several occasion by Ghanian Government bodies and sponsored initiatives, as the most important developer in the lithium miner sector in Ghana.
It as been more that 5 years that Atlantic is drilling and exploring the Ewoyaa project, acquiring other licenses nearby.
All operations and transactions have been regularly approved by current and previous Ghana Government.
It is unthinkable that mining licenses for Ewoyaa project will not be approved.
Recent interest expressed by MIIF to invest in Atlantic project is a guaranty that ML will follow.
MIIF will like however, to invest in Atlantic Lithium when the sp is cheap in order to maximise they capital investment......we all do the same when investing and I personally can't blame them for this.
When MIIF will come, it will de facto be an authorization to mine lithium in Ghana for Atlantic.....
Indeed All sp appreciation will likely happen there and then, rather than in 1 yar time when finally the Ghana bureocratic machine will reach its conclusions.

Lithium price we all know is coming down at fast pace, I am watching it every day to look for opportunities to buy in cheap Lithium shares..
But imv the trend on Lithium price, is much more complex than a simple offer/demand dynamic.
For start we have a situation where Xi Jinping China President, has recently met with the bosses of CATL the world biggest battery maker.
This has happened at the same time when CATL decided to drastically reduce battery prices.....
In my view not just CATL want to keep or gain world market shares, but also China with its large share of Lithium production, is trying to keep or increase its world market and hegemony on this metal supply.
The thing is that with the backing of China Communist Party, in order to achieve this objective they may be going all the way to sell battery grade lithium at a loss, to stop Western countries developing their industries.
Something is already happening on the political front, whereas Western car manufactures will not be allowed to use or adopt Chinese product and technologies.
The trade war is dividing the world for political reasons and Atlantic is on the Western side, with a western partner (PLL) and in a Western stile democratic country been Ghana. Is also likely that current lithium price difference between China and the Western market will widen.
Given the current business mode set up for Atlantic Lithium I am expecting that the remaining (lets say 100000/t net SC6% )production, will be sold to Western company maybe European.
I can not see though Ghana been able to develop their industries in a vertical manner, whereas they will start also to refine the Spodumene and produce battery for the automaker industry....that is not going to happen imv.
Ghana is and always will be a mining commodities producing country.
Going back to the Chinese war on Lithium price, the Chinese have a problem here because some half of the battery grade lithium they produce, needs western spodumene mostly coming from Australia. So although they can reduce prices or subsidise Chinese spodumene producers, they will have to pay the full price of Western market for the SC6% they need.
This is why companies like Ganfeng are aggressively looking outside China for sources of Spodumene.
Watching closely when the Lithium price descent will start to slow down, for any sign of buy opportunities.

MightyBlighty
no longer supporting and spreading allegations from Blue Orca=====================
That is for sure, most of his defamatory posts are now in the hand of Atlantic Lithium PR, for the BoD to decide what to do.
Hence the guy has become a wanna be technical trader. lol

Clear sign that this guy doesn't understand the market sentiments ....never mind the technical.
I mean Blue Orca event happened now almost a week ago, the week holders of All sold back then, hence current low sp.
But the ****** wanna be shorter, keep posting this useless garbage, thinking that is going to affect the market sentiments and make people sell. lololo
Better to stick with the bull@it about license and corruption Mr008.

...it seems they are running out of garbage to feed the social medias......

Listen boy, with your £120 open short position just close it, go to the pub and offer all your friend a drink, saying you made a fortune on technical..
After all you could say the same bulsh@it to your friend and come out of it looking good.