Member Info for mattlilly

So...zoros...its fill your boots time with gold bullion and gold shares...

But dump CFDs...

Explains why central banks and sovereigns have been buying bullion...

Hi Colonel...you're always so knowledgeable...

Can you give a succinct summary of the Basel 3 changes please as they could also affect financial services/bankl valuations in the UK...

It looks like further Chinese investment in mining would meet massive local opposition based on the experience so far...

https://dialogochino.net/en/infrastructure/33575-can-latin-americas-first-aiib-member-learn-from-past-mistakes/

https://multimedia.scmp.com/week-asia/article/3011618/beijing-conquest-latin-america/chapter02.html

"Antagonism against Chinese SOEs is particularly acute in Ecuador, South America’s second biggest petrostate. Ecuador depends on oil rents for 26 percent of its revenues and has a long tradition of resource nationalism....

"Ecuador’s indigenous communities have been marginalized by the central government since the early 2000s, with environmental disputes and infighting emboldening Chinese SOEs to act aggressively and unapologetically....

"Since then, Chinese investments in Ecuador’s mining and infrastructure sectors have fueled a new wave of anti-government and anti-China protests. Chinese mining conglomerate Ecuacorriente S.A., an Ecuadorian subsidiary of China’s CRCC-Tongguan consortium, has become the target of indigenous activism...

"More recently, Chinese gold mining and a Chinese dam in Ecuador have sparked protests, against a backdrop of larger concerns regarding unhealthy dependence and the potential for a Chinese “debt trap.”...

"China’s expanding footprint in Latin America, with its heavy focus on primary industries and increasing attention to value-added investments, has undoubtedly generated jobs, furthered development, and created a viable alternative strategic partnership for countries across the region. On the other hand, the Chinese SOEs leading major extractive and infrastructural investments have earned harsh criticism for their lack of social responsibility. ...

https://thediplomat.com/2020/02/the-missing-link-in-chinas-economic-ambitions-in-latin-america/

Its irony novice...meanwhile...

"In practice, however, there are already a dozen projects that will now fall under the BRI umbrella, including....the copper mines of Panantza-San Carlos and Mirador (which have seen strong socio-environmental conflicts).

Concerns: "This close relationship has caused Ecuador to develop a dependent relationship with China and to be contemplative in the face of the socio-environmental impacts and intense conflicts caused by their companies" – Center for Economic and Social Rights

"In Ecuador, for instance, by the end of 2018, the government had borrowed up to US$19bn in loans from China to fast-track development projects. The loans, which were partially repayable with oil shipments, became expensive as oil prices dropped.

Ecuador has since struggled to tighten its fiscal deficit. In February 2019 it resorted to a US$10.2bn bailout package from international financial institutions including the International Monetary Fund and the World Bank...."

https://www.forbes.com/sites/wadeshepard/2020/01/29/how-chinas-belt-and-road-became-a-global-trail-of-trouble/

"While the lack of transparency and oversight as to what China is doing abroad was a boon in the early days of the Belt and Road, the initiative has lost support amid the scandals, debt traps and failed projects that have emerged in recent years. Countries along the corridors are now operating with far more caution and scrutiny, pumping the breaks on many projects and potentially setting the BRI back for years to come...."

"People with narcissistic personality disorder are extremely resistant to changing their behavior, even when it’s causing them problems. Their tendency is to turn the blame on to others. What’s more, they are extremely sensitive and react badly to even the slightest criticisms, disagreements, or perceived slights, which they view as personal attacks....

"Narcissists feel threatened whenever they encounter someone who appears to have something they lack—especially those who are confident and popular. They’re also threatened by people who don’t kowtow to them or who challenge them in any way. Their defense mechanism is contempt. The only way to neutralize the threat and prop up their own sagging ego is to put those people down. They may do it in a patronizing or dismissive way as if to demonstrate how little the other person means to them....

"Narcissists don’t live in reality, and that includes their views of other people. Don’t let their shame and blame game undermine your self-esteem. Refuse to accept undeserved responsibility, blame, or criticism. That negativity is the narcissist’s to keep.

Don’t argue with a narcissist. When attacked, the natural instinct is to defend yourself and prove the narcissist wrong. But no matter how rational you are or how sound your argument, they are unlikely to hear you. And arguing the point may escalate the situation in a very unpleasant way. Don’t waste your breath. Simply tell the narcissist you disagree with their assessment, then move on....

https://www.helpguide.org/articles/mental-disorders/narcissistic-personality-disorder.htm

And another 99474...takes us back just shy of 900k again...

Lets see...

GLA

Bought back 190k plus at sub 23...here'e hoping...

Hit $4.3768 this morning...less than 3% to go...

And I thought I was doing quite well with 2 x 100,000 at 10.39...

Just goes to show...

Surely only a matter of time...whoever bought them is probably piggybacking the IG Index debacle...also helped me get into POLY at sub 1480...

million of course...not billion...

https://www.kitco.com/news/2021-02-19/Copper-sector-reaches-a-tipping-point.html

What do you guys think about the possibility of a placing?

Cash at June 30 was $2.445m; cash burn is $1.8/2.0 billion per six months...

Then there's the legal and other costs of the failed transaction.

Thanks

What do you guys think about the possibility of a placing?

Cash at June 30 was $2.445m; cash burn is $1.8/2.0 billion per six months...

Then there's the legal and other costs of the failed transaction.

I'm not trying to start a fire, just looking for better informed opinion as I'm considering the timing of a possible buy.

Thanks

So I'm officially closing the poll at 25 for a Bid in 2021 (23 ticks plus woody and me)

Only 4 for production in 2026...

Sorry Quady...but at least you have a handful of acolytes...

Have a good weekend guys...much better day...

It touched $4.10 and then fell back sharply...profit taking...I've lightened my load here as well...

I know the Southern Ecuador decision doesn't affect us but it could have an effect on sentiment...we'll see...

Copper more than doubled in 11 months...

Up 56% in the last 15 weeks...

Up 16% in the last nine days...

Another almost 10 year high and...its only EVER spent six months above the current $4.0765 in the entire 45 year history of documented copper prices...

Most miners moving...

Mining sector index up 3%...

ANTO up 7%...

SOLG up 7% at 24/24.1p...still ridiculously undervalued...

Trading at 24p...

Could be Porvenir Test test...

It was in the MD&A, specifically in the planned Regional Expenditure...the only site specifically mentioned (because of course the Valuestone monies were raised for Porvenir):

"Resource drilling program (Porvenir)"

Also...

"Following the discovery of porphyry copper-gold mineralisation in the first drill hole at Cacharposa, two additional drilling rigs were mobilised to the site in late November and early December." and....

"An updated 25,000m planned drilling program for 2021 at Cacharposa is designed to test a mineralised corridor over a 1700m by 1000m area."

Yes it was...still got 800,000...spreading my risk and back into ADT1...

I was waiting to get back in to ADT1 after they hit 138p and my target was 121p...

It looked like I had missed out but then I got 121/122 and had to resell the SOLG I bought yesterday, but I made a £400 turn so thats OK...

I will always be transparent...preoccupied with gold and silver ATMO...HOC and GPM

ADT1 is gold and silver in Eastern Europe...