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Hi SL - Indeed I agree, Govts. won't issue covered-bonds. - The only thing I would add is, neither will SM. - If they are covered-bonds and if my understanding of covered-bonds is correct, which it may not be of course, then SM will not be in a position to issue covered-bonds. - Other types of bond, yes, convertibles etc. - Happy to be corrected on this, after all, it's what these forums are for, but if anyone does offer a correction, I'd be grateful if they could explain it in detail rather than just refute my understanding. - cheers

I would be surprised if 'Covered' meant covered/guaranteed by IPA. - I might be wrong, but issuing covered-bonds is usually the domain of Banks/financial institutions and not Governments. - |I have a feeling that the IPA might provide some sort of guarantee covering SXX's liability in meeting it's obligations in paying back the issuer of the covered-bonds.

Currently, we are in the transitional stage of moving from the uncertainty that 2018 visited upon us, to a more certain outcome that requires a confirmation that hopefully Feb.25th will deliver. - The fog should clear then, one way or the other. Speaking personally, my faith will be somewhat restored if 2019 guidance is based upon Q4 output. - This, in my book, will give credence to what we have been told. The final dividend will undoubtedly disappoint and to this end I hope it will have minimal impact on the SP on the day. - If the 2019 forecast restores the faith/trust of investors then dividends and everything else should follow on from there. - Never forgetting that if POG continues as many informed commentators are predicting, then that will be icing on the cake. - IMO.

Thankyou Razor. - I've only just tuned-in and read your very encouraging comments. - I won't get too excited but it's nice to know. - Hopefully, the thought of a 10p rise tomorrow will induce a sleep, full of sweet dreams and quiet breathing.

Good days bad days
Happy days sad days
Dark days light days
Black days white days
Days of comfort days of pain
Days of sunshine days of rain
Days of laughter days of tears
Days remembering down the years
Dear Lord whatever the day today
Thankyou for it anyway.

Cheer up Sotolo. - It could be worse. :-)

Hi Tiger - There's risk all around I suppose although I can't think of a time in recent history where Mexican politics has had an adverse affect on the market. You can't say the same for Egypt and the Middle-East and Africa.

Have NPH not just spent the kitty on buying Teeside airport. - Or, is there no connection?

So far, it looks as though Fresnillo has inherited the crown from Randgold.

It is hard to understand when you consider that every $1 increase represents $1/2 million in profit, such is the leverage effect - If gold has started a bull run, and many are stating that it has, then the only thing that could ruin the party for Centamin investors is what is revealed on Feb. 25th. -

Caution may be the best philosophy here. - The present SP reflects the uncertainty contained in recent communiques concerning credit issues. - The real issue could well be coping with the 'Actuaal' when details are finally released. - If the January sales are still on, the purchase of a pair of 'Brown corduroys' might be worth considering. - Let's hope they are not required.

Disappointing response to a rising POG. - Tomorrow maybe. - We'll see.

Hi miz - Kinesis will be a new monetary system operating within blockchain/crypto technology. The system involves two distinct digital coins. The coins are described as Kau and Kag. - The Kau is the gold-coin and is backed by 1gm of gold, the Kag is the silver coin and is backed by 10gms of silver. The price of the coins being linked to the price of the metal that backs them. - They can be redeemed for the gold/silver they represent. - In the cypto-world they are known as stablecoins because of the underlying value of the gold/silver that backs them. - The gold/silver backing the coins will be stored in ABX vaults, where, currently, 6 monthly audits are planned to be conducted by a recognised professional firm of independent auditors. As the system grows there are plans for monthly-audits. - Hope this helps with your understanding. - In addition to the coins there is a product called a KVT. This stands for Kinesis Velocity Token, this is not backed by gold or silver. KVT's limited to 300,000 in number and priced at $1000 each, is the way that ABX, the parent company, has chosen to raise capital to fund the project - In return they receive 20% of the fees generated by the Kinesis Monetary System. A fee of 0.45% is charged on every Kau/Kag transaction. The 300,000 KVT's are entitled to receive 20% of said transaction fees for life. In addition, the KVT's can be sold into a secondary-market, just like a bond. - As an appointed 'Ambassador' of Kinesis, I shall be pleased to answer any questions you or others may have in connection with Kinesis. - Feel free - Good luck.

Hi Market - 'The man is back in the chair' - Indeed he is. - The mystery-man, the enigma, the 'what's he up to now man'. - Yep , he's back behind the wheel. - I don't know about buying when he does, but we definitely should have sold when he did. - For all we know he might want to sell the rest and wants to re-position the SP in order to do so. At least if he does, we will recognise it as a strong selling signal. - Won't we ? :-)

Hi miz - According to Maguire today, the paper marketeers have been so busy defending 1280, they've allowed the physical accumulators to enjoy a free-ride on the gold-price. - Massive accumulation has continued throughout January without them having to chase the price. - Option expiry on Monday, could see some interesting movements afterwards.

This January is looking very much like Jan. 2016. - Almost identical movements and when in late Jan.16 the SP broke back through the 200dma, it went on a journey over the following 6 months or so, where it almost trebled in value. There are parallels with what is happening now.

What's the chances of an overall rethink on the original plan? - In the light of current funding conditions generally, it's not only Sirius, would a shorter tunnel linking Boulby and the railway-line be an option. It might be better than nowt. :-)

Hi gnome - thanks for the link. - It's not really a scandal though is it? Unless the norm itself is a scandal. - This everyday bread&butter stuff now where cheating and theft form a part of their trading ethos. - And why wouldn't it? - I mean, if you could engage in such debauchery, admit to it when you get caught, in the knowledge that you will only pay a fine and that fine will more likely represent the equivalent of 10p in the £ for every £ of theft, you would be sorely tempted. - In fact theft/cheating has become a central part of their trading model. It's the same with JP Morgan and others. - These banks are part of the American 'Royal family' of the financial world. They control the world and tell the world what it can and can't do. They have permeated every nook and crevice of the World's financial network/system like an infestation. They are immune to 'DDT'. Nothing can touch them that can do any harm. - Every major European central bank has a GSK man at the centre. - So, going back to my original point, it is not a scandal, it is normal, as normal as breathing in and out. - And that is the problem. - What can be done about it? - In our lifetime, probably nothing.

There's another verse in that poem that might be worth considering.

If you could make a heap of all your winnings
And risk it at one turn of pitch and toss
And lose and start again at your beginnings
And never breath a word about your loss :-)

Hi Shareallot - In that case so should the CFO of Hitachi. - They threw the towel in last week on a much bigger project than Sirius. -

We are witnessing 'birth pains'. - It's the same with all new-ventures and is not Sirius specific.- Presently funding is drying-up in the sense that it's no longer easy to acquire. - From Dec. the ECB has withdrawn it's funding support programme. It's the same with the Fed. - Their 'Monetary methadone' is no longer available on prescription. - At least Sirius does have offers on the table, I think, we'll just have to wait and see. - The main thing in investing is to survive, to learn something from it, more about yourself than anything and live to fight another day.