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Slug you talk like a child who believe he has the answers. But, neither socialism or capitalism work.

But both offer insights into certain aspects of how a society can be built from the ground up.

Social capital, is definitely the way, but we also have to inspire and create the work effort.

Then their are other aspects of society that doesn't even touch the sides.

But the work in crime and punishment holds some of the answers for building a successful society.

The problem with you slug is you don't read.

Not properly anyway.

You look on the internet to read things that agree with your world views.

Problem is the more you read the more you convince yourself that you are right.

That is always the profile of the most unintelligent that walk this Earth.

You fit it to a tee.

Slug you don't even have a basic understanding of economics.

Otherwise you would understand why the NHS for all it's failures is the best model in the world.

I would also suspend dealing in Thames Water until the infrastructure is fixed and functioning.

Ok addicknt, but the shareholders would argue that they own the assets and any receiver surely would have to sell off the assets in order to wind up the water authorities.

I am unsure what is the best way.

Maybe a regulator with teeth.

No dividends or bonuses paid, until we sort out sewage dumping and leaks.

Interesting on how much we agree on addicknt.

Yes water needs to be in public ownership.

However it's how we do it in a cost efficient way.

SharketMare although I said in my opinion.

My opinion is backed up by the facts.

Mine and addicknts points cross over.

Privatisation brings a discipline that is because the guys job at the top is all on the line.

We should have a reasonable idea of what works and what doesn't.

As I have said it should be on a case by case basis.

Lastly remember that bringing things into public ownership has a dual cost.

First you lose the tax revenue of the cooperate structure and second you always end up subsidising the operation in question.

Remember the general level of tax is too high in this country.

So even bringing water back into public ownership has a cost.

We are talking billions.

Which budgets would you cut.

Good morning SharketMare.

Please don't make the same mistake as Slug.

Remember all these services were once state run.

Unions and work practices made them unworkable and took costly to run.

Each should be looked at on a separate basis.

Electricity and gas has been a huge success and we have a decent regulator.

Water however has been a disaster and I personally believe because of the costs involved in supplying clean safe water and dealing with sewage in a safe controlled manner that the cost should be bourne centrally, so yes bring water back in public ownership.

Rail services run much better privately.

I was born in Neasden and would visit my Aunts in Feltham.

Some days we couldn't get there and some days we couldn't get back.

I remember one occasion when zero trains were running and they were not on strike.

Just no track maintenance or train maintenance.

Unions destroyed the railways.

So it's a case of what works best.

What we definitely require is a reconnected society in which a larger proportion of the profit is given to the workforce and less taken by the people at the top

Otherwise we get rising crime, as when people are isolated and are so poor that they have nothing to lose, then they don't obey the law.

When people are engaged in society and have a stake in life, then that is something to hang onto and not lose, so they will be more law abiding.

Slug when you argue about capitalism and socialism, you do so as a child.

I doubt you have read much on either system.

Both have things to support them and they also have their bad sides .

No one in their right mind can argue about social capital, as to do so shows you have no idea on how to address poverty.

Much the same as you require a model that encourages work and stops a few people becoming very rich off the backs of others.

Remember the NHS is a socialist idea and probably the one institution that everyone apart from a few idiots wants to see thrive.

However costs have to be addressed and the technology to do that is coming along in a multi faceted way.

When we talk about the workplace then the John Lewis model is the closest we get to a socialist ideal of social capital.

Slug the Ideal country for you is the good ol' USA.

The most capitalist country in the world.

Only downside I see for you, is someone will probably shoot you dead.

Still you can't have everything.

Eloro if that's true and it's a big if.

No dividend as we would have the finance to construct Cascabel.

Spot the difference.

The close period (or closed period) is the time between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.

A blackout period in financial markets is a period of time when certain people—either executives, employees, or both—are prohibited from buying or selling shares in their company or making changes to their pension plan investments. With company stock, a blackout period usually comes before earnings announcements. For pensions, it comes at a time when major changes are being made.

For the conversation we are having they are the same thing.

Slog is up to his old tricks and spinning an argument on the head of a pin.

Slug a closed period is a blackout period.

Addicknt he made it clear we are not looking at finances immediately, as this is part of de-risking.

He also mentioned raising finances with our current stakeholders or a JV.

Slug I think you better listen to the video that Eloro just posted.

Scott says we are in a closed period and he will be buying more stock when it's over.

So surprise surprise you're wrong again.

Which means you have successfully maintained your 100% record on being wrong on literally everything in life.

Also Scott couldn't be clearer, yes if we got a serious bid it would be put to shareholders, but we continue to de-risk and go to production.

The one point that really stuck out for me was a Partner, as in it will be more than one partner or a JV when we build.

Thank you Eloro.

Thank you Eloro, I think it's time for a mug of tea and a biscuit.

While I watch.

Sorry addicknt, been away for a couple of days, if you could repost it please or if someone else could post it, I would be grateful.

I must have missed that addicknt, could you please post the link when he said we are not in the process of raising the project funding.

As you are correct if he recently said it, then maybe we are heading in another direction.

Would be grateful if you could post the link.

Addicknt when he talks about a turnkey project, that is exactly what we require to raise he finance.

With the explotation license in place now, I expect funding will be announced within the next few months.

Addicknt being on the front foot for building Cascabel .

How about hiring two money men to raise the money.

The situation has changed massively.

As somehow we have shown the government we can do this.

Hence solgolds commitment to raise the money.

That's our commitment not someone else on behalf of us.

There is a huge difference.

My thinking is this.

We have committed to raising the money to construct Cascabel.

The government has confidence that we can do this.

Therefore where does the money come from.

I am favouring a mix of offtake and loans and no further dilution.

I strongly suggest that Franco Nevada would like to see an increase in the amount of offtake they can get in the early years.

And by funding us it protects their original investment and gets them to profit faster.

I believe we now have the ultimate defence in place now.

Hence why we hired the two money men recently.

If we were going to be sold, we wouldn't have required them.

But in order to take Cascabel forward they are absolutely required.