Member Info for NoelShempsky

TT said, " Well it certainly could if gold just keeps going up" - as powerful as it gets -

https://s43022.pcdn.co/wp-content/uploads/2024/03/King-World-News-Ala-V-392024.jpg

Whoops - forget that note - "At about half way through" - that shouldn't have been there. It was from a note I made to remind myself to watch that bit again.

Yes, I was just watching this - a great interview with a man who is giant in PM mining

"Unprecedented Discrepancy Between Gold Prices and Equity Valuations - Ross Beaty" - this is the man who founded Pan American Silver. Listen to what he says about the share prices lagging the gold price - he has never seen anything like it. At about half way through

https://www.youtube.com/watch?v=OT66D031p_g

There is bound to be a correction. Don't be disheartened by a correction of say 3%. It doesn't mean the good times are over. (good times so long as you aren't in SHG)

Now $2,193. A weekly close above $2,200 is on the cards.

The gold price is going vertical.

Could Michael Oliver be proved right? Did he mean 60 days from when the breakout happens rather than 60 days from the date of that article?

"Michael Oliver – Gold Price To Explode $600 Higher In 60 Days"

https://kingworldnews.com/michael-oliver-gold-price-will-explode-to-2550-2600-in-two-months/

This is more recent -

Michael Oliver: Gold & Silver Go Vertical When This Indicator Breaks Trend

https://www.youtube.com/watch?v=W5gFfPdrO2c

And with gold at $2,165 and still going up, the market cap is even greater. If they get SHG for 13.5p then we have been utterly robbed, cheated, but there will be no ITV drama to let the public know about it and cause an outcry for justice

Whoops, sorry Lids, I was reading your post and saw "confident that 2108 usd is going to be achieved" but I didn't notice the headline of 2208, so 2108 was probably a typing error.

A "market sniper" eh? KWN went one better with "a legend known for his deadly accurate forecasts" and he tipped gold to jump $600 in 60 days. That puts it at about $2,600. It's going to happen, I know because KWN said so :-)

Currently at $2,145

I don't believe it - King World News got something right - they said if it can close above $2,082 then it was likely to jump to $2,143.

Thanks for the replies. Like you Nigelbonger, that's how I feel too. The bidders for SHG offered a price based on the value of the company before the gold price took off, and they are going to get all the gains from the rising gold price. I am sitting here watching someone else take the gains that are rightfully mine \ we are watching someone else take the gains that are rightfully ours, and I'm angry at being robbed.

Last year when the new mine turned into a revenue earner I thought the good times were here and they were - but we've been cheated out of our just rewards.

Thank you pacifico.

I've held on in the hope of a rival bid, but with the rocketing gold price, I've come to realise that I might miss out \ probably will miss out on big rises elsewhere, so thank you for your tips.

Just before I take the plunge and sell some of my SHG holding, have you totally given up on the hope of a rival bid popping up that will reflect the true value of SHG with the gold at, or above, $2,100? I've been hoping for one to come along at 20p, but I'm a dreamer.

Thanks.

I looked at the Offer Document and something caught my eye that I thought was worth mentioning. I was reading the hard copy, so I wanted to find it in the online document so that I could copy and paste it, but on the Shanta site, there are several declarations to be made before you can read it and one of them worried me - "I agree that I will not copy, forward, transfer or distribute (by any means including by electronic transmission) any documents included in the Microsite either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation.".

So I daren't paste it.

It is probably is not important so that has probably saved you from having your time wasted by my waffle but I think am able to say that my point concerned something on Page 44 (hard copy) and that I believe (well actually it is pretty obvious) that the increased gold price is a change that might reasonably be expected to result in a change in the financial and trading position of Shanta.

Good post bankrupty.

ATB to you too and all SHG holders.

To give an idea of how bad it has gone since 2011 - I held FRES when it was at 2,400p a share and today is under a fiver, less than 500p.

Hi bankrupty. Just a comment about " UK....house prices have not quite doubled in 25 years".

Prior to 2020, it was a very mixed picture with huge price rises in some areas, modest to decent rises in most areas and falling prices in others. Since then I've lost touch with the finer details of market. I'm wondering if the actions by the government, such as "Help To Buy" have caused prices to go up everywhere.

From memory, and please correct me if I am wrong, in 2001, gold was at about $250 an ounce, so that sort of fits with your comment about the price of 10g bars.

I rode the rise from 2002 to 2011 and my miners made me a LOT of money - but from 2011, in the years that followed they went down and down and I sat like a rabbit in headlights watching the drop in disbelief. It's been tough. Let's hope that we are about to have some good years even better than 2002 to 2011 - a "dot com boom" type of mania in gold and silver.

One last thought - over 25 years a house will most likely have bills for maintenance.

GLA

Thanks Matty. I had forgotten about GGP. For years, I kept an eye on it but never dared to take the plunge. I think it was less than a penny a share (about six or seven years ago, am I right?), but if it wasn't that cheap, it wasn't much more than a penny.

After your post I've just taken a look at the chart, wow, you had some excitement in 2020.

I hope it returns to those levels for you. I'll keep an eye on the chart, as I will for PAF.

Thanks Nigelbonger and Patryk221.

Earlier, I asked - "If it can close above $2,100 will that ignite the rocket or will it be a peak?"

KWN offers an opinion on that - "This Will Cause Gold To Catch Fire If We See This Today"

"If Gold Closes Above $2,089, Next Target $2,143"

https://s43022.pcdn.co/wp-content/uploads/2024/03/King-World-News-Nav-II-342024.jpg

https://kingworldnews.com/this-will-cause-gold-to-catch-fire-if-we-see-this-today/

In spite of KWN having never got anything right (unless I missed it) I just can't resist their articles, just like I can't resist occasionally buying a lottery ticket.

Gold now at $2,118.

I'm thinking I might have been wrong for mocking KWN over calling Michael Oliver "a legend known for his deadly accurate forecasts".

Presumably he does a track record of success, and even the greatest of experts in any field can occasionally, and probably rarely if they really are an expert, make a wrong call.

This jump in the price fits in with his chart analysis, so if the price closes this week well above $2,100, I think he will be proved right on the magnitude of the ultimate rise.