Member Info for ProfitSniffer

Thanks red, yes I would have been worried sick had you not put our minds at rest

Thanks, will be interesting to see what they said. I don't think we can ever have too much value, after all value drives what we will eventually get for this stock.

PJs?! Planes are boiling, even more so than the UK right now. I'm sat with an air con blowing right at me and my sambas out swinging freely.

Let's see if the RNS many predict (myself included) lands in the morning

So why aren't they forward calculating the spot price in the PFS and adjusting it for inflation over the next 30 years to arrive at a more accurate valuation?

As somebody else commented earlier, any major that takes this on will have their own calculations anyway but we do seem to be shooting ourselves in the foot using the figures we do in the PFS. They have been at $1750 since day dot and gold has clearly re-rated.

But the fact remains that if you selected any year in the history of gold prices and viewed the next 30 forwards you would never lose out on spot price.

It wouldn't be difficult to work out a suitable discount using historical prices but it's not 50%

$3000 will be a new baseline for gold that may or may not be tested/breached but I believe it will be a medium term base. That is a sensible figure to use for valuations, $1750 is absurd.

Yeah the Brown bottom was July 1999 when the idiot pre-announced he was about to dump 395 tonnes of gold, half the nation's reserves

If you zoom into that rough area on the chart you will see the very clear spike down to just over $252 per ounce that his lunacy caused. Roughly $40bn of carnage at current prices, or two Labour black holes

Does the PFS use inflation adjusted spot prices? Miners are not stupid, they can increase or decrease output accordingly to react to market prices. Do you think they'd pump out their best grades into a declining spot price? All of this is hedged anyway there is less exposure to upside and downside than you might imagine - you even alluded to that earlier in the sensitivity chart they temporarily offered us, upside was not linear

Why would I be banned for taking part in the forum? Everyone else is insulting each other, yourself included.

The reason for high gold is not Trump at all, it is what is always is, debasement. Gold is value and when print more fiat, eventually gold reacts accordingly. It is basically a protection of wealth.

You can therefore argue it's Biden that caused this gold spike, but who is the Whitehouse is largely irrelevant. Gold will always call out debasement and when they print again, it will rise again.

Take another look at that 100y chart, the 20y blip aside it has consistently increased in line with the supply of fiat

We're talking spot prices not inflation adjusted spot prices, don't try and get clever with me. It's a battle (like all others) you'd lose very badly

you seem to have an issue processing basic data (and a massive issue with being a bolshy know it all bell end)

point to the part on the graph where taking that exact moment's spot price for the next 30 years would have led to fiscal disaster. the only sustained and mild downturn was 1980ish to 2000ish and the subsequent enormous rise would have more than compensated in the final ten years

have a few bevvies, do a bit more bragging and get back to the middle east where you can pretend do be important to the bosses whose ***** you are.

"nobody in their right mind would use spot prices for a mine with a life of 30ish years"

have a look at the price of gold over time. Even if you picked the worst moment, around 1980 you'd still be fine using that spot price for the life of a 30 year mine

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

I've no idea why this bell end is so rattled and spending all day on here trying to big himself up, but he needs dumping on his backside once and for all

I take the very simplistic view that there is no reason to post here that can affect the share price given the dire daily volume. You cannot manipulate a stock by posting on lse.co.uk

Does he hold or not? No idea. But he has plenty of interesting info and articles that he posts when he's not on the sauce.

Stas I think he simply had posts deleted to protect his privacy/employment, nothing more than that. I don't believe he is here for nefarious reasons, but he is for sure a marked man. You can trust me on that one.

Trump sees it, and he's just had a major win via the supreme court which in theory should stop lawfare getting in the way of the progressing his policies.

America will step up its quest for resources rapidly now. The competitive tension could arrive at the perfect moment

On winning the under 21's Euros tonight

It will happen as soon as short-termism gives way to strategy. China has strategy, the West is still flip-flopping between wokery/communism and trying to break free back to normality and capitalism.

I firmly believe that the West cannot plan even medium term until it get rids of the left and immigration. That is our urgent battle.

I don't believe that anything should ever be deleted. Marked "not for view" under certain circumstances (not somebody's whim) yes, but physically deleted never. It's the one thing I like about Blockchain, distributed copies of a ledger means that one bent actor can't remove evidence.

Sadly, we live in a world where people want to cancel others and some people do not stand by what they say so information online is best described as "fluid"

FWIW, I am in the camp that the RNS comes Monday morning.

Rodney, RNS Submit will accept new submissions 24/7 but if it's past the cutoff they will only be released on the next business day. When you make a submission using the web tool (LSEG for example) you have the option of immediate release or Embargo (which means select a date and time)

If for example I wanted to release an RNS first thing Monday morning at 7am, I could just submit it now for immediate release. The typical use we see of the embargoed submissions is "burying bad news after hours" where it might pop up at 630pm or something but even then there is a limit how late it can be and it would have to have been submitted before the cutoff that day or prior.

"Monday is the first day of the 3rd quarter."

Can't deal with basic percentages, can't even use a basic Calendar. Even you have enough fingers to work out where the end of the month is from here Quady.

Words fail me for how utterly, ridiculously stupid you are.

Plenty more shekels comings Monday. No worries here.

OK volumes? 2 million traded today from 3 billion in issue. Just 81 trades.

You'd do well to find something on SETS with worse volume. I would go as far as to say it is dire volume, but it always has been in the main.