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Time scale is within the next 5 years and more like 2 years with a chance of nuclear war if Karen Hudes fails.
The world currencies are heading for a global deflationary spiral and the world is heading into a hyperinflationary depression. Eventually all currencies will crash to their intrisic value of zero and all paper claims will be null and void including shares. Gold will return as money.
UK Prime Minister announced production of North Sea to be stepped up. Whether this is to increase income and so the economy or to bleed the North Sea dry before the Scots leave GB is your guess.
Rexco, just take a look at how all paper currencies have done compared to gold. All have lost approximately 95% of their value. Gold keeps value. There has been 1000's of fiat paper currencies and all have returned to their intrinsic value of zero. Yes these bullion dealers do make profits on people buying precious metals but all the billionaires are advising to buy real assets including gold. Hence the huge price rises in fine art, wines, farms, very high end real estate. The global fiat ponzi scheme is coming to an end. People will not accept paper currency in about 4 years time and a return to real money which is gold and then silver.
This was mentioned some time ago on video by the CEO. SRB has the site with huge quality reserves, the team that specialises in mining these types of rich thin veins, a cheap processing plant on its doorstep and wants to develop this rich site while removing debt (at a time when interest rates are spiking upwards in massive jumps. Issue at 5p so not expecting 2p drop. The whole ponzi fiat system is collapsing. Gold is going to be at the centre of the new monetary system and will shine once more.
Cost of gold production is currently $800 l oz. When satellite mining op is considered; this drops to $600 / oz. Gold mining stocks are hated atm. SRB have plenty of cash excluding the $8mil of gold in the surface spoil heap.
This is such a raging buy. It is the same price when it had a lot of risk.
World Gold Council figures not to be trusted. Eric Sprott and Andrew Maguire have challenged the WGC re movement of gold figures. GLD being completely emptied. We need to watch out for India. Public demand has been squashed by draconian governmental measure. If India plunder their temples then gold could be hit very hard. China trying to stop this manipulation of gold by New exchanges. I will have a look at shanta.
Sentiment in mining and gold is at rock bottom. Only when the sh*t starts to fly when the fiat ponzi scheme collapses will we see a huge turnaround to bubble dizzy heights. This will happen during a time of great fear.
That may be true but does say a lot about our society. This is a sorry example. http://www.huffingtonpost.com/2013/10/08/san-francisco-train-shooting_n_4066930.html Due to near zero interest rates and Quantitative Easing (aka legalised counterfeiting) then we will be in this deflationary cycle running a risk of hyper-deflation. When the central banks realise that they have got it wrong then they will be forced to pump huge amounts of cash into the real economy cause massive inflation. At that point the cash the banks have been hoarding will be added and we will go from huge deflation to hyper-inflation. It will be food and basic needs that will take the sheeples interest not ipads etc.
Although I'm doubtful of that but you never know until the East overtakes PM trading with legitimate markets. With the Fed behind them they have a lot of wellie.
You do know we are in a world global depression biggest we have ever seen only hidden by massive QE by all central banks? Troubles in America? Cyprus? Greece? Pensions stolen? Just look at the following websites and before you think they are mad, look at the bio's on these people saying this. Billionaires, ex-governmental top officials, world bank whistle-blowers, fund managers with huge portfolios sick of all this fraud. Take a look and then you decide because this can not be sorted out. We are past that point. http://www.maxkeiser.com/ http://goldsilver.com/ http://www.silverdoctors.com/ Good luck. BTW type in "deutsche bank trouble" into google and see what you get.
The gold spot price is being manipulated by paper claims. Currently there is a bullion bank run on GLD, Comex and LBMA. The negative GOFO rate and gold backwardation is showing this. You may find that once the gold price fraud is shown for what it is then we will have free gold with a sudden violent move much higher. With the current QE gold should be $7000/oz. Expect the debt ceiling to be either raised at the last minute or Obama announce a state of emergency. Either way there will be no taper but QE4 on a massive scale.
Wait until the COMEX and LMBA default or a black swan event (just take your pick amongst many senerios) then we will have free gold. I suspect we will see +$2000 by Feb at the latest.
All the best guys. I have been a long term holder of DDD but decided to sell my large holding so that I can invest in stocks that I believe will do better in the coming world financial turmoil. The reason why I’m selling is that I believe to OTC Interest rates swap is failing and this will lead to global hyper-inflation. I expect major banks to fail especially Deutsche Bank (I believe DDD bank with). Deutsche Bank has derivative exposure to $55 Trillion dollars. I have made DDD aware of this fact. I expect the middle classes will to be on the losing end of the greatest wealth transfer in history so I can’t see how DDD will generate revenue. This is the same as the vast majority of companies. I will keep looking at DDD once the dust settles and hope to buy back in if DDD will still be around. I hope so. Good investing.
Share price up due to Director buying. Let's hope more significant buying from other Directors too. A high share price benefits all especially when it comes to deal making.
DDD converts any 2D image automatically in real time into 3D across a wide range of platforms. Their technology has been designed to be future proof lending itself to changes in future technology. So DDD bring 3D to the industry and public. PC’s are not DDD’s main market since the majority of visual image watching is via handheld devices and TV’s. The progress of DDD is subject to hardware developments not only displays to bring a sharp image since the image is reduced by ½ for each eye. The 4k and smaller handheld screens allow that. Currently, TV hardware is about 3 years away from producing 3D images that are good enough quality for our brains and eye resolution to not be able to discern greater resolution. DDD has been around for 20 years so talk about demise is laughable. They are becoming a defacto standard for 3D with many barriers to entry and the biggest global presence they have ever had. Only when 3D becomes glasses free will it take off and this is about to happen with glasses free products soon to enter the market. DDD’s content library is a great source of recurring revenue stream and also provides another barrier to entry with DDD being world leader in the 2D to 3D conversion. DDD won’t run out of money since there is enough backing in the industry for them but profits will be at the mercy of hardware progress. However, when the hardware is ready and content to watch then the uber high margin DDD makes will mean those will be rewarded for their patience. However, I do believe now would be a good time for those DDD Directors to buy significant amounts of shares to show confidence in the company. I hate exercising options.