RE: The bubble machine “It’s 2008 on crack.”...11 Jul 2022 16:40
Hi Wally,
Great to hear fro you,hope that you are well and still walking the dogs!
Hindsight , what a great thing, I wonder how that old Cornish miner who predicted £5.00 feels now, although to be fair had the mine be run as it should have been then who knows!
To be fair that old Cornish was'nt to know that Pardey and Co were running a "Pyramid Scheme' by high grading and not bothering to clear away waste ot pump up output for the short term!
No doubt about it now, after the past three years we certainly know just how much we were ticked up by the El Raghy team and Pardey!
Yes I should have got out at just over £2, but I was seduced by all the talk of £3 and then after the "Crack" I should have got out a £1.70 , but then I foolishly assumed that the state of Sukari was'nt as bad as it was, that Martin Horgan would make a statement, a few months would go by and all would be well again!, but it wasn't to be because Martin quite rightly was honest about the near ruination of Sukari by the previous bunch of carpet baggers and he explained the time factor, the amount of money and effort needed to turn Sukari nto a properly functioning gold mine!
A miracle would be a dream, but its hardly likely, so its a case of yet more waiting, but at least we now have a CEO who knows what what needs to be done, and is doing it, rather than glossing over the truth whilst feeding the share holders more copious amounts of baloney!
Yes moving to Cornwell seemed like a great idea until post Brexit, then the pandemic with all the forced disclosure's that the NHS and social care and just about everything else are truly buggered beyond repair, also after losing so much of our European freedoms the UK now seems rather like like an open prison where we can get a pass out for so long, but then have to return to serve our ongoing sentence to live in purgatory!
We all know by rights where the POG should be, but we also know the supposedly regulated markets are manipulated and those manipulators care not a jot that what they do is so blatantly obvious!, so the POG will be wherever the FED & bank cartel it want it to be!
Inflation is here to stay for decades and the FED and other central banks wont be able to control it with interest rates because the system is based on consumerism, and if people stop buying. or taking out credit then a recession is sure to follow, so it seems market manipulation and political lies are now the norm and unlikely to end, irrelevant of whomever becomes the UK PM!
So say we take our money out of Centamin invest in another company, which to trust, that's the question, none of them, they all lie, the only thing that's certain is whichever the comapny the directors will always fill their boots and the brokers will always encourage people to buy and sell!
So if Martin Horgan succeeds that will be brilliant, but if he fails then so what, that's just how it goes!
Keep well though Wally, keep enjoying this views, and the pasties, and the be