Member Info for qweqweqwe

Hey Carve, You should carefully read the small print of the SLV prospectus as they can always claim Force Majeure and pay you in fiat instead of Silver.

JPM has expensive lawyers to draft a get out of jail card for JPM.

Anyone who wants to hurt the banks or Silver HODL should ONLY buy physical otherwise JPM can create infinite paper silver contracts to hammer the price down. Don’t play this game on their own turf and with their own rules, you or anyone else for that matter will never win, especially when the Government will back them as no Government will allow Silver to directly compete with the US dollar. But what do I know? Do your own research.

Yes totally agree.

The WSB should take their profits in a coordinated way and move on to something less risky or a sure thing. It’s immoral for them to advise everyone to hold as you know GME is not worth 400 bucks a share and it is guaranteed to come down. I’m even tempted to short it as it’s 100% guaranteed to come down even if the company decides not to issue mire shares, I don’t know why they wouldn’t when the price is high.

With Silver, it doesn’t matter if it doesn’t go up in a straight line but at least you’re holding the bag but what you’re holding is Silver, the real deal, the real money.

Well done to you Sailin getting in on Friday.

Another angle most people forget is that physical silver will soon dry up and the only other viable alternative would be to buy and hold mining stocks if they want the exposure and join the ride. Silver will easily surpass its last high of 50 USD and buying Into this silver squeeze is something that an average investor can get involved who are risk averse. Although, buying above 50 USD will require the mentality of a GME holder.

I also agree with you that regardless of Reddit Silver is going high due to infinite money printing and those who don’t want to hold Crypto, the Silver lining is Holding physical Silver or Silver mining stocks and you also get a bonus of getting dividend from holding mining shares.

Please do your own research

The reason I bought in today is because I was researching Silver since the pandemic last Mar didn’t want to pay the extortionate premium for physical and i would never buy paper silver as it defeats the main purpose, so I set my sight on FRES and today I pulled the trigger.

This is a better play than GME because that share’s not worth the current price but Silver is real money itself and the risk to reward ratio is much much better than GME play at the moment.

Michael Burry the real guy from the film Big Short shorted Tesla. Although, I don’t deny the fundamentals of his rationale Elon knows this also to be true, but the only thing Elon can do as a hedge against the shorters’ is to hold some Bitcoin in Tesla’s balance sheet by either converting their Treasury shares or issue small amount of shares to fund Bitcoin purchase while the shares are higher. That will certainly burn the shorters and create another short squeeze.

Does this share incur stamp duty?

I used to like reading these boards before but now there are too many common Tom, Dick, Harry thinking that they can influence people or the share price by pumping or scaremongering. Give it a rest as it won’t make any difference compared to the influence of big whales. Let us all stick to Technical Analysis and Fundamentals as this will add Value to the conversation.

One important question to ask would be if Argo can easily configure their mines to mine other coins at a moments notice? In crypto world, things change quickly and another coin like ETH becomes the flavour of the month.

Bear in mind, that it will be a very long time before they reinstate the dividend, but they should use that cash saved very wisely and invest and grow the business or perhaps split the company and spin-off British Gas and make it more agile because the Government won't allow British GAs to make big profits and distribute big dividends as it has turned into a political football ow.

Wouldn't FRES burn cash quickly due to potential mine closures?

It would make sense to buy physical Gold and Silver as a safe heaven than to hold shares of a company that will burn cash quite fast or am I missing something?

Contrary to what other people think, but I agree with Toff's comment to a certain degree. The divi cut was the nail in the coffin for the Fund Managers with income portfolio and they cannot sell their big holdings immediately but they tend to do it slowly to minimize losses. Having said that, I predict it will also fall on Monday but not by 10% and then the share will stabilize between 25-27.

I always trust statistics and I would like to sell immediately when a bad news is given to minimize my losses, but I'm assuming most private investors in here would initially hate to take a loss and thus wait longer with a hope of rebound to exit their position and come out with bigger loss. However, another approach could be taken if the share has good long term future then it would be prudent to dump it immediately and then buy back at a lower price. DYOR.

I got out of this share last year with a loss but if I had kept the share now I would sell immediately as the Fund Managers who invested for income will all run for the exit door and shorters can short this share without impunity where they don’t have to compensate share lenders for the dividend income.

Really sad to see a lot of ordinary people losing their capital and regular income. They probably invested in CNA due to the fact everyone needs Gas & Electric to survive and the high dividend yield, but it was a value trap with high debt and high pension liability. CNA probably knows that the government will bail them out if they got into trouble as it’s too big to fail.

Conn should take the blame for this first and then the Board of Directors and then the Big institutional shareholders for doing nothing for last 5-7 years and perhaps lending the shares to hedge funds to short it.

This share and the company is toast now, I’m glad I got out a while back with heavy losses.

You should have waited until the share stabilised.

I hope you’ve put in a stop loss?

If I were a buyer of the company, I would wait until it’s gone to administration and then pick up the valuable carcasses for dirt cheap with all debts wiped off.

I meant to say shirt in the morning and buyback in the afternoon.

There are two ways to get around the stamp duty, either do a synthetic trade via spread betting or if you’re ambitious and can manage the FX then buy the shares in USA as there’s no stamp duty and trading prices are very low in the $2 mark per trade.

As we are on the subject, stamp duties on shares only penalises the Private Investor for the benefit of the hedge funds as the big boys buy these via synthetic trade (options) or ETF and pay no stamp duties.

Gents, why don’t you use the trading patterns to your advantage. One could buy in the morning and then sell in the afternoon, rinse and repeat. DYOR

This is going to rocket now and I believe the bid will be announced at AGM or sooner.

The SP is motoring up. Who would like to guess it’ll come down in the afternoon?

The recent Ovo and SSE customer consolidation will create 2nd largest energy customer base after British Gas, which may mean further bad news for Centrica.

The Centrica Chairman should first get rid of Conn and then the whole BoD as they are complicit. How could they stare at the Centrica results every month for the last 5 years and change course?

Don’t get me started on Non-Execs, if their influence and steering ability is impotent and then why have them in the first place and pay them huge salaries for the seats they warm up on part time basis.

The amount of crap the ordinary people are going through right now with Execs and politicians, I fear a revolution maybe just around the corner and I’m not talking about Brexit.