focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
How many more billions in interest payments?
"In 2022-23, we expect debt interest spending to total £83.0 billion. That would represent 5.2 percent of total public spending, and is equivalent to £1,900 per household and 2.5 per cent of national income".
https://obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/debt-interest-central-government-net/
Forecast 13% inflation will make the burden manageable for the Government but what about the poor people and the burden on future generations? Harold Wilson once put it this way ".......... It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued.”
How I wish I could afford to buy some gold sovereigns for my decendents! Will have to make do with the few GGP shares I have tucked away for them.
Hi Monty, since the share price touched the 200dma at 13.5p we have gone lower and below 100dma at 12p. I know that it has happened over just the last few days so probably too soon to say whether the trend has changed? I am hoping we recover to +13.5p soon and be back on our way to an upwards trend (let the trend be your friend and all that!).
Dip thanks only saying he became animated on that topic whereas he was pretty mono tone the rest of the presentation . Feeling gloomy about the increase in shorts. Shaun should cheer me up tomorrow. ATB Mremc
Look at Fraser's face when he says at 10:40 minutes in
"So applying the Havieron model is actually opening up the Paterson again ......... so we're actually going back into our Telfer ground and are looking at that right now."
Seemed to emphasis 'Looking at that right now' - is that a shot across GGP's bow?
We know that GGP is very special - 'H' has checked. I paraphrase:
"out of 15 odd 'comparable' stocks including Kefi Gold , Altyngold , Hoschild , Hummingbird, Resolute Mining, Endeavour, Ariana, Pure gold, Solg, Caracal ...... no shorts apart from Fres and Russian ones"
So if we do go up against that headwind we will be doing rather well. GLA
Hi CastleT,
No not trading transferring shares between family accounts. I have been invested for a number of years and at 73 hoping to enjoy a dream payout before too long. Looking good at the opening and I will hang on for a few hours for what looks like a better price. Good luck to you too.
I'm hoping for a +13p bid price tomorrow so that I can close out those I bought at 12.95p today. With hindsight it would have been much better doing the exchange trades at under 10p but lost my wheeler-dealer casual bravado stunned into inaction by the falling share price. Of course as luck would have it I also missed out on the morning rise because I had to go out on an errand to a hospital miles away. GLA
What's a quick way of creating a multi billion pound company - Shaun doing a reverse takeover of Newcrest - he has loan notes on his desk - now that would be a good reason to visit London and "not telling you for how long"! ):
Really mean it this time:
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..../|#||#|\
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.....(VVV)
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.......(V)
........*l*
.......( * )
...( 1000%)
Hi Fr.Jack.Hackett,
I may have been a bit free with 'the market' expression but anyone who attended the first Town Hall meeting in March 2022 will have been aware that NCM were thinking about a 'shocking' low ball offer for the 5% ie $25m or less - so if we PIs knew it so did the IIs ie 'the market ' (see my posting history page 5, 21 Mar 2022 17:13 ; 23 Mar 16:28 and 28 Apr 20:39 etc).
I was skeptical that he could do much about it when we had the long delay for a settlement - how wrong I was proved to be. I am pleased to see that Shaun has been able to move the dial by more than 100% to $60m. As James stated "Shaun is a masterclass of a MD". GLA Mremc