Member Info for ShaunBTM

I use x-o.co.uk, I think I pay 5 quid in 5 quid out flat rate.

Nice to see a little uptick, Im still underwater but happy to let this one build up.

I think it will be a combination of debt and cash, it makes little sense to raise funds at such a low share price. The company has a long way to go but it is certainly shaping up in the mid term for something that could do very good things. Experience has taught me that potential and outcome are not always the same thing, what I think will happen is this will stay low and then either the market will wake up or the gold narrative will change, if we have a combination of both the LTHs will do very well.

@Dusty.
I like this board because it tends to debate driven rather ****ging matches which can infect other share boards. there is nothing wrong with jumping in and out of shares. Personally Im stake building. I have an average of 32p at about 60k shares. I want to build this position up to 200k max but it depends on my circumstances over the next year or so. But if I built a stake and I felt the company was taking the wrong course, Id sell in a heartbeat regardless of profit or loss. Healthy debate is good, ****ging matches are just poor form.

In terms of a placing, Ive seen it so many times, I dont personally think it will happen here due to the sheer amount of money they are making. But if you load a pack of cards with a joker, its unrealistic you will pull it, but its not to say it wont happen.

Im not sure I agree really.

If you have taken then time to truly research the companies you hold shares in you don't listen to 'Steve' on xyz trading board, you would have a comprehensive understanding of what you own and work out the individual risks based on your portfolio and standing in life. The fact is they could issue shares that is not off the table its just a small probability of it happening, but equally people should go into these investments with their eyes open to all possibilities.

**So we are perfectly clear, I dont personally believe there will be a placing but it could happen...

To be fair, does it even matter if someone sells and then buys back in? I doubt anyone on this board is big enough to move the market on this share. You either believe the market is heading down and take appropriate action or you believe it is going up and take appropriate action.

Remember guys this is a board for everyone, why lower yourselves and argue over something that is quite petty. At the end of the day whether you are long or short you pay your money and take your chances...

@Bonkers
I am in a very privileged position due to work, I have a CEO and a hedge fund manager as clientele for my coin business. They are extremely worried about whats coming. Its going to be a train wreck I dont know when but its going to happen. World Governments and put themselves in a corner MMT I do actually believe gold will rise and a fair amount. You are right though the common man has no idea what is unravelling and they most likely will be the fall guy (again).

@Slickharry,

I am actually investing in APF, whose website says they have a overriding royalty on Dugbe. But I am not sure on terms of that, could that be how they will fund it?

@ Bonkers.

Its the wrong correlation, I actually did a study on this albeit a very rudimental one. There was a correlation between money being printed via QE and the price of gold going up. I dont believe that they will increase the money supply by a factor of 5 it would tear the very fabric of society. I pushed back your numbers because I dont believe the US can print money like it has been (nor the other world economies). As much as it would be great as a shareholder for it to hit $4500 and up, I dont want you to be right because it will cause big social inequality and most likely rioting across the world.

I dont think an equity raise is on the cards personally, in terms of timeline is it really needed? We are building cash hand over fist. When building the mine facilities its not going to be all at once it will be spread out. I would actually encourage more debt to be taken on over dilution. If gold is going to increase it would make sense to use that tactic.

I am feeling conflicted on the price going up.

On the one hand I want to throw more at this whilst it is low, on the other Im nursing a c.7k paper loss

@Bonkers,
I dont think your gold price target will happen. I do think it will get to $2500 but $4500 I think is personally way off. I wont force you to eat your hat if you are wrong though haha.

Saying that, as long as this company can keep AISC down and the price can move upwards we are in the perfect position. This company will hit £1 my belief is absolute with the way the economy is set up to allow the gold market to unfold....that is of course if they dont run the company into the ground as a management team. The question for me is are we too early?

Very encouraging results.
@Bushy I like quiet it suits my contrarian side. All the time its quiet its off the radar to stake build which is precisely what I will be doing.

first time poster on this board and I am pretty happy with the RNS.

I am underwater on my 100k shares but I am backing the management. I will sell at 10p or let it ride to 0p

Thats the one yes, as you can see I back up my talking with evidence in the form of videos haha

Most people message me on my YouTube and take it from there.
I will try and help everyone regardless of if it is buying/selling or just needing advice. I dont want to turn this chatroom into me talking about my business I think its poor form I bought into Hum (and others) as I wanted exposure out of physical and into the miners.

If anyone does want to message me, just drop me a line on my YouTube I can be found at Shaun Oliver

I wouldn't touch the hummingbird coin I was tempted to get some 1/10 coins in but the premium is very high. I tend to sell 1oz coins for 2.5 to 3% over on bullion gold coins. I pay 98% for them when they come in. Other plays will pay more but I dont have the firepower of your atkinsons etc.

Testing is very easy. for coins if it weighs right and the dimensions are correct 99 out of 100 its right. For bars there have been lots of fakes mainly Perth mint in plastic carding. The way to check these is turn them on their side. From my knowledge they were faked with copper and Tungsten. Tungsten is not viable anymore and was only being used for the bigger bars and copper is way too thick (hence why you ask for a picture on its side)

Yes 100%. I lean more towards silver but I specialise in the semi numismatic part of the silver market (Bullion coins that are semi collectible). I also keep gold in the reserve specifically young head and shield back sovereigns when I can pick them up for the right price.

In terms of your comment concerning being crazy to pay 35% over you are slightly misguided as a dealer I pay £3 over per coin, the reality is this. Most coins are bought and sold on the peer to peer market, its premium in and premium out. If you are paying 35% and then taking it to a bullion dealer you will get taken to the cleaners

coin dealer not a coin ha

If anyone has any questions about buying or selling physical coin or bar then please direct your questions at me as I am a coin by trade I have been a coin dealer for 4 years as a professional and I have been collecting for over 15 years. Off topic but relevant to the current discussion :)

That thought had crossed my mind aswell...