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Looks like a organised DDoS attack against this LSE site.

https://www.cloudflare.com/en-gb/learning/ddos/what-is-a-ddos-attack/

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They should be able to sort it out, but will result in slow running for a while.

https://*************.com/views/76571/zephyr-denies-its-fundraise-ahoy-whatever-you-say-chaps

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https://*************.com/views/76574/evil-banksta-calls-out-zephyrs-placing-denial-statement-as-hogwash

After hitting 500, and then dipping back to 460 range this past few weeks has actually been one of the sharpest pull backs on the longer term chart.

Agree with all of that.

As I posted a few days ago.

Never get too obsessed with a share either in a positive or negative way .

AIM can be a brutal market.

"Where dreams are made & broken"

Well at least that's closed the gap on the chart from back in Sept 2020 :-)

Https://www.kitco.com/news/article/2024-09-10/nothing-stops-train-nothing-lyn-alden-us-deficit?utm_source=site_navigation&utm_medium=sidebar_link&utm_campaign=trending_news&utm_term=silver_ab_sidebar_news

"The U.S. federal deficit currently stands at $35.362 trillion, its highest level in history. Despite politicians' lip service that reducing the debt is a priority, one analyst says meaningfully reducing the debt is unlikely as the world faces a potential global recession. "

The FED could cut 50bps next week.

.......More interesting is probably how the US election is going to play out ....

We all know how wrong the polls can be

They do however paint a picture of a very close run thing, regardless of what the MSM have been saying..

They are actually discussing this on CNBC right now.

Basically some sensible acceptance that the several trillion dollars in stimulus that the fed pumped out during covid, juiced the markets massively whilst racking up more US sovereign debt.

Cash > money markets presently at ATH's (backing g up LW's shift into cash)

US Growith > biggest outflow since June

US Tech > biggest outflows since June

Financial > biggest outflows since Nov '23

Precious Metals > have beeb on a run.

Next inflection point

FED MEETING NEXT WEEK..... everyone is saying the fed is behind the curve in terms of rate cuts. So how aggressive do they cut?

We will find out next week folks....

A bounce off the oversold imv

On the move on fairly low vols.

Another strong day for Gold and Silver

https://www.kitco.com/news/article/2024-09-12/gold-prices-push-record-highs-bullish-fundamentals-charts

Silver still a long well off its ATH.

Shorts tried for about 15mins to curb the fun at US market open as they have done for the past 2 sessions.

However this time the price just moved higher on buying strength.

Needs to break $30 and hold.

If $30 ends up as new support It'll set up a nice run higher.

If it hits resistance at $30.... it'll be back down again. Strong support at $26 which we wouldn't want to see broken.

Could be an interesting few weeks ahead.

Unbelievable the total cost expenditure on those drills since IPO.

Anyone would think they are hiring deep-sea offshore rigs with highly specialised teams working in tough / remote off shore locations. With shipping, pilotage and daily helicopter transportation costs

Not, flat easily accessible land based walk up targets.

Then all those multi million cash payments to simply retain the licences in good standing

Compare with the relatively modest drills cost for some of fhe other helium plays.....

No where near the cash sent to money heaven.

He1 Purchased their licences from (SCIR) - Scirocco Energy

..... even though they have recently de-listed

You can still read the comments on their bb and their RNS

Some happy holders over there :-)

Kev,

I think if I remember correctly He1 paid £500k for their Tanzania licenses.

Looks like all those that were involved from the outset (pre-IPO) are long gone now.

Ended up being a decent day trade for those grabing some around the high 2's lows for a intra day sell above 4p+ a few hours later.

Drop first thing of 54% was probably overdone.

Jobbers making a decent coin here today.

This is how the fiat system works.

When worthless bits of paper are issued and you are told that you can exchange a $100 bill for $100 worth of gold, the confidence in that bit of paper as a valuable means of exchange become secure so that after a period of time, folk believe that that bit of paper really is worth $100 or $500 or whatever the hell the government tells you it's worth.

When the US made it illegal for its citizens to own gold, they took in your gold and to incentives you to 'hand it over" they revalued the price of gold overnight.

Folk then tricked into thinking they were doing their duty and making a few quid at the same time handed their gold into the government....

And in return.... got settled in paper currency.

Now that's a serious RESET and transfer of wealth played out.

Eventually the hard assets always find their way back to the top and the poor get mugged of their hard assets.

Getting a bit political here, but thatchers right to buy lifted a generation out of the system for a brief period, with many of those homes finding their way back into fhe hands of the rich as cash was offered in exchange and the children of those families are back renting again.

How do you think governments could easily introduce worthless digital tokens to be taken up and viewed as a medium of exchange and store of value?

Same trick that they used with worthless bits of paper would be my guess.

I noticed the question was asked why they kept needing to raise so much for each drill.

.....As I recall seeing mentioned... There are some very unusual high costs payable to the government purely for the right to maintain those licences.

A few million per year if I remember reading this correctly?

They will need to keep regularly raising the amounts they have had too so far just to maintain those licences in good order from memory.

If this is correct, its something that wouldn't sit right with me if I was a LTH. But useful info if purely trading the SP swings and keeping an eye on cash.

When I looked into acquiring a small scale exploration licence in Zambia as a bit of fun the costs were miniscule in comparison.

In other parts of the world, once you have purchased your license area, you simply need to either commit to a minimum exploration spend over a rolling period or are forced to surrender the mineral rights.

This is to prevent large companies effectively land banking areas that they never intend to do any work on.

I don't understand why the ongoing costs on these helium licences are so high.

I've not looked too deeply into it as only ever traded it when opportunity presented itself.

Don't know if any of you contact the company, might be worth asking the question around what they have to pay each year to maintain their licences?

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Https://howmuch.net/articles/rise-and-fall-dollar

Chart showing the decline in the purchasing power of the US Dollar over time as more and more of it gets printed.

It's like an AIM exploration Company chart.

Dilution of the value of cash at the rate of between 2-3% each year.. aka inflation.

When inflation really motors like it did in the 1970's Gold price went from $30 to $300 during that decade.

It's now heading for $3000.

To protect your wealth against inflation you can hold gold but also other hard assets, such as land, property etc..

To beat inflation you need a portfolio that returns at least double digit growth YoY.

That doest mean never holding any cash as cash can be very useful whenever there are short term dips in the prices of hard assets. But you don't want to just be sat on cash forever as its value is simply eroded over time.

When the US came off the gold standard it meant they no longer had to hold gold to back their currency allowing them to print like crazy which has supported the economic boom the average US citizens have enjoyed.

They effectively exported their inflation to the rest of the world via the petrol dollar.

Well its looking like that inflation will now be heading back to the US.

Once confidence is lost in an economy by either fears of a default..... or real default see Zimbabwe. The move into a hyper inflationary cycle.

One way to prevent this circle of hyperinflation is to peg your currency to Gold. Zimbabwe has now done this.

The BRICS nations are also looking at a potential gold backed currency.

The US would have to follow suit in this scenario.

So would the British pound.

There are many sovereign nations who have been transparent about their purchases of gold recently and even have their holdings documented in what they refer to as 'Gold revaluation accounts'

Food for thought.

Maybe the US federal reserve should be listed on AIM :-))

Each time they print more, they dilute all holders of cash!!!