Member Info for RichTheNewbie

That investingcube website looks about as credible as some of the emails I get asking me to send them $50,000 to release my winnings from the Nigerian Lottery that I didn't enter.

Yeah - there's a group of b*llends spamming it 24/7 trying to scare people into selling at the lows ;)

I don't agree with the suggestion of the west somehow wanting war and stoking tensions just to sell arms. Imo this is well into the realms of thinking everything is a conspiracy.
It's a lot more simple imo.
Russia likes to throw its military weight around, both for electoral purposes and because they don't like what they see as western encroachment on their western front (and because they can, with the west reluctant to fight fire with fire, it becomes a useful bargaining tool).
It's seriously unlikely they want a full scale conflict, but more about seeing how far they can push it, to get what they want from the west.
They want the West to back away from their borders and not let Ukraine into Nato. The West sees Russian incursions like Crimea and aggression like this and thinks it needs to bolster its defences in the region. It's a bit of a catch-22 / chicken and egg scenario.

Quite surprising how well this has held up considering the market carnage today. Must be a considerable amount of II buyers happy to take advantage.

Have you not noticed there's been a global logistics crisis and correction in the market as a whole on top!?

pipedreamer - nobody asked for your help. Nobody wants it. Hope this helps ;)

YESFEAR? ;)

That got anything to do with boohoo not having any XL joggers? ;)

https://www.ft.com/video/2452d265-ef0e-4f7f-b0b2-ca1dc076ff33

What a catch 22. You'll have to stay a fat b*stard ;)

And for context: Netflix is down over 26% and Amazon about 17%, Nvidia about 20%, in the past couple of months, and to quote an article about it: "in all, around half of all US tech stocks have fallen by 50% from their all-time highs".

Joe Lonsdale, the multi-millionaire co-founder of the software firm Palantir Technologies and now a venture capital investor, told CNBC today: "I'm seeing some public stuff where I'd say 'wow in the private markets this would cost twice as much'."

Sounds like BOO now ;)

Not really.....he seems to have missed the fact that the Nasdaq has dropped over 12% in less than a month.
A correction is typically considered to be a drop of over 10% in a couple of months.
This has been driven by inflation (and/or fuel prices), interest rates, and tapering.
This is what's dominating markets - not all the waffle cited on this board.

I don't think Knowbodyyouknow is a troll. Unless I'm forgetting something.

"Paid derampers" probably aren't that common. There are definitely been boiler room /pump and dump scams that use social media though.

What's VERY common are:
- people who've got a vendetta against a stock, ususually because they timed a trade badly (i.e. Maxage), or for some other reason (Kallu) and this accounts for the majority of the spam on here
- people who turn up at a shares lows, to stick the boot, in and to try to scare a few more sellers, and get them the best buy in price (there's been a few of these lately but can't be bothered to go back and dig out their names)
- people who just like to troll any busy board and usually ones that have fallen a lot (there's also been a few of these lately but can't be bothered to go back and dig out their names)

Its quite interesting how little volume this (and other stocks have been marked down on this morning). ASOS is down more than 2% and less than 3000 shares have been traded in TOTAL! Same goes for this and many other stocks.

Always look on the bright side....it could be worse....you could be invested in ABF.....down over 4% today ;)

The only person who has been "caught out" is you. Who've admitted you mistimed a spreadbet, and now fill this board with deceptive nonsense along with a gang of other trolls. You're filth. Think I'll go and get a coffee rather than read your next purile response.

Yes I told you that earlier. You didn't read it properly obviously.

Maxage the price hasn't declined over the past 5 years despite you trying to paint that narrative.
It's done very well over the past five years and really just got hit in the past 9 months due to the logistics crisis:
https://i.postimg.cc/fZ6PRcXP/BOO-2022-01-20-10-26-36.png

You're simply trying to con people with this false narrative of yours that is demonstrably incorrect.

Does anyone know the process used by Shanta to sell the gold generated.
I can see from the annual report(s):
"The Group enters into spot agreements for the sale of refined gold. The Group recognises the sale upon delivery at which point control of the product has been transferred to the customer. Transfer of control generally takes place when refined gold is credited to the customer’s account at the refinery. The Group also enters into forward contracts for the sale of refined gold. Revenue arising from sales under these contracts is recognised when the product has been delivered under the terms of the contract at which point control of the product has been transferred to the customer.
Revenue is measured based on the consideration to which the Group expects to be entitled under the terms of a contract with a customer. In most cases the consideration is determined by reference to the gold market price at the point of delivery, except for instances where the arrangement falls under a forward sales contract. Consideration typically falls due upon delivery. The Group enters into forward sales contracts for the sale and delivery of gold at a pre-determined and agreed price. These forward sales contracts meet the own use exemption under IFRS 9 and as such are recognised as revenue."

What I'm wondering is how the pricing works, are we taking the spot price every week at say Monday at 9am, or do they agree an average price for that week to come, or can the company pick and choose to agree a price at any given time during a week. For example when prices look stronger.

Just curious as to how it works in practice.