Member Info for macaumike

Keeping some powder dry is crucial at present because as has been mentioned you can stock up cheap? The dollar also must fall with US just operating a printing press? The effect of Covid will much much worse than feared until there is a vaccine? A once in a lifetime op to make money.

and not raising the SP YET?

Loved reading your stuff very much mirrors my own thoughts and the difficulties of being a contrarian? The last time I followed my gut feeling was when I placed a 500 e-w bet on the 1974 Derby winner SNOW KNIGHT at 50/1. Everyone said I was crazy. Now I am betting on GOLD. I have sold all bar one of my shares (TESCO) and into small Gold miners preferably with little debt. SHG should do well and my largest holding in in a small (very) gold stock GOLDPLAT (GDP) which is still below the radar and seriously UNDERVALUED. But please do your own research. Their must be a market crash sometime this year as the Covid-19 situation has a long way to run. The dollar must come under serious pressure helped along by China and to a lesser extent Russia? The Gold run may last for years. I makes me sad to think that so many are going to suffer but I have to back my feelings and go with it. The Markets are still heading upwards which is just plain crazy? Gold seems to have broken the important 1800 markand hopefully will continue to where I know not with a few dips on the way.

Probably caused by the Hansie Van Vreden sale of 1M shares. **** what a stupdi thing fdor a director to do?

The SP will be results driven and with the current POG they are likely to be great for all Gold/Silver miners. The markets are overpriced and will slide when poor results start to appear. Miners and POG may slip back a bit (chance to top up) before continuing their upwards trend. There are stil other undervalued gold stocks such as Goldplat GDP and Shanta Gold SHG which i admit to owning.

Leas - yes the wider market is dragging it back, but whatever happens with C19 people have to eat and defensive stocks and gold miners are about all you can rely on at present.I am sitting on a TSCO loss but am not worried as it is part of my longterm holding. if the market really crashes sometime this year I will probably add more. Dividend is safe and they are competing well.

price marked down? God I hate AIM sometimes?

for sensible answers - i had watched carefully and was getting the hang of things but you have confirmed my thoughts.

Can anyone expalin to me why the spread is a wide as it is?

on the news that Van Vreden is selling. Lets hope he is voted off the board asap? Gerrard holding on.

late yesterday - maybe we will open higher today?

by the number of SELLS considerately outnumbering BUYS. Obviously many are not aware of the huge upside potential in GDP particularly with POG holding steady and likely to rise further at some point? The company needs some good PR and a decent RNS. No news on Kili also a drag?

recorded after hours last night was from Friday and hopefully is the last we will hear from our persistent seller? Good news perhaps whilst we wait for next update.

Why do you want to get out? Also what about the potential 50p special dividend on the sale of Far East business?

but managing a decent rise. Gold is struggling to maintain anything over the 1750 resistance? When the stock market crashes which it must do sometime this year Precious metals will drop too before moving strongly ahead again. How high I have no idea. Fresnillo has been struggling with reorganisation and heavy debts but will hopefully with higher precious metal prices it should rebound and increase it's dividend too.

Added some myself now hold 3000.

will bounce back soon albeit not to old levels and the roads will begin to clog up again. So demand will rise. BP can weather anything thrown at it and it's Green business arm will flourish too. It will not take many years for it to become less dependent on oil? It is now much nimbler and forward thinking. Dividend still being paid but that cannot be guaranteed? US shale has been damaged. If you are a long-term holder then sub 320 is a steal.

remember their maybe a special spectacular dividend later this year on the back of the sale of Far East business? And money for the pension deficit. Something to ponder?

BP has a huge oil trading arm. I wonder how they are doing?

It is not this div is important rather the enormous special dividend that will possibly be paid later this year with the expected proceeds of far east sale? 5 Billion to be shared?