RE: This Time Last year7 Mar 2018 11:21
I cant agree more apart from one thing. It is a very very short time for the new BOD. Investments timescales should always be viewed as medium to long term with a minimum of 5 years. This lot have hardly got their seats warm. Hambro had decades to build and then help destroy the company.
At least give the new lot a chance. I am not saying they will be better I am not saying they will be worse, but they DESERVE a chance.
Once the pox hub is up and running, we then need to start making money to ensure we have sufficient funds to make big inroads into the bonds and the end of the term. They also mentioned IRC when they took over, it would be nice to get that off our backs, by it either being sold off, or starting to be profitable and repaying loans.
Plenty to look forward to. As for the gold price, the main benefit of a strong gold price is the ability to forward sell gold at higher prices by the use of hedging. People have criticised this, but this was essential for the completion of the pox hub. Benefit of hindsight is a wonderful thing.