Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Expru- yes, it’s what got me interested in the stock market some 20 years ago
Did I hear righT that they plan to make an announcement on the Covid treatment soon. The Americans love anything to do with that. Great stuff, all very exciting
Is it not just the accounts that we’re filed late last week. That’s all I could see but may be looking in the wrong place
The accounts make quite good reading. Well financed, good pipeline and good progress on the trials
i feel i must be doing something wrong, but i am getting over 20moz based on
strike length - 1000 meters
Strike depth 600 meters (i am going off the logic an average of 1km depth but 400m is cover
strike width 400 meters
gravity 2.0
average grade 1.5g/t
gold price $1700 (conservative as now almost $1900)
AISC - $444 (as on Hannam report)
coming up with 21moz
have i done something wrong
yes you will see a massive rise by 22/23 if they survive. Thats a big if. If this virus is still around for a long time, if no vaccine works(viruses can mutate even if they get one for the current strain) I think we will see huge businesses go under, we already seen some. So it is a risk
i bought in at 9p on friday, can already sell half for a free ride, will keep hold for now though and then go free ride till it gets back to where it should, i think a lot will be doing that.
I think you are correct to a degree. I think a lot of the investment has gone to what are deemed safer markets also. The US had a much faster recovery than the U.K. for instance. Also volume has been fairly low despite the rising markets, it’s been propelled a lot by retail investors and early on it was stock buybacks when the prices dropped. But it’s still a difficult market to judge, I think we will see more corporate bankruptcies will start in the next 6-8 weeks which may shake confidence and drive gold up further
Interesting tweet
https://twitter.com/lynaldencontact/status/1278055485103636481?s=21
i personally dont like too big a portfolio- i stick with between 5 and 10 that i am most confident with as long term investments, then have a small pot for swing trading, any profits go in my long term investments
i agree. People saying Newcrest advertising means they are going to buy us out. No it doesn't cos they have will have a 70/75% stake so would hire anyway when it goes to mine. It may not even be for Havieron.
Regardless, GGP would not start hiring miners, they have the bigger stake so our job will just be to cover a part of the costs and leave the mining, hiring etc to Newcrest
think it may fly until 4.30
if they keep on with the QE we could all end up billionaires, although £1 million may only buy you a steak bake from Greggs haha
Hi Quady. That is an excellent question, i really dont know, much depends how this all plays out. since 2008 we have ended up in a position were many government bonds had negative yields. its a broken system if investors are effectively paying governments to borrow. The problem is institutional investors cant have all their portfolios in equities and cant just hold all cash so they have no choice but to look to the bond market. its a crazy world at the moment
good morning. The reason so many economists have so many different views is these things are very hard to predict. I think very soon Fiat currency will come to an end. How it will happen i have no idea but i am extremely confident that gold will benefit. Many think the dollar will crash, then you have the other camp who think the dollar and gold will both rise together against all other currencies. That is a really interesting theory by Brent Johnson (dollar milkshake). I am quite sure one of them will play out and it wont just continue as we are now. As was said below, we may now be at the point were the can cant really be kicked down the road. the world has too much debt, Hong Kong banks for instance are leveraged 850% which is more than Iceland in 2008. Imagine if that falls, HSBC make a large proportion of their money through Hong Kong, over 30% -the knock on effects will be massive
Good evening. It was me you were having the debate with. Nationwide is the first in this country, in America many of the banks stopped loans for cars etc a month or so ago. Basically higher risk loans getting pulled in.
For the record, I agree with what you said in normal times interest rates would rise. But this is not normal times. Never has corporate or sovereign debt been this high. Governments and national banks would love to have higher interest rates but they can’t do it. It will be an absolute last resort. Raising interest rates will mean those sovereign debts countries have run up cost more to just pay the interest. If they put rates up, which they will want to do, they will have to print more money just to pay the interest. Which will devalue currency, cause inflation so they will want to put rates up again, it’s a cycle that won’t end well.
I get your logic, but as the fed said they won’t raise interest rates until 2022. As a large proportion of the world debt is in dollars they will be the first to move rates and others may follow. But they cant without totally collapsing the world economy
muddy waters dont pay people to to de-ramp stocks as such. They more investigate companies that are more or less fraudulent - they uncovered loads of fraud in China - they then publish the investigations then short the stock.
Don’t pay any attention to Gregorio. Comes on here de-ramping and says he is not invested, 2 days laters goes on another board saying they share is not as good as ggp that he is invested in.
haha Quady - no i am absolutely not on board with bitcoin, however, do i think future currencies will be digital - absolutely but hopefully linked to a gold standard
The reason i think they will be digital as it will be easier to track funds, imagine the government been able to track where every unit is spent, the journey it takes and where it ends up. that kind of information will be priceless for governments.
as for the gold price, i said its only loosely based on markets, that is certainly true, just check peaks of gold and you will be equity's at lows - but its more the dollar strength - gold stays constant, the currencies weaken making it look like gold is stronger.
I am not saying what will or wont happen with currencies, but my hunch is they are reaching the end, interests rates are zero now, look at the history and you will see them dropping gradually, the values of FIATS are decreasing faster as a result, they cant increase interest rates a lot cos countries are too highly leveraged with debt and will just default. of course they could print more money to pay that but that devalues currencies more too so its now the case of when and not if FIATS are replaced. All positive for Gold though
gold is loosely based on stock prices, but generally it is more the dollar. As the market increases the dollar often drops as the dollar is seen as a hedge when the market is a bit bearish. Gold doesn't really increase is value as such, FIAT currencies just end up being worth less.
as for gold, almost all economists are bullish on gold at the moment - most predicating prices of $2000 per ounce or more, some saying $5000 in the next 5 years. The reason is people are expecting the dollar to weaken alot. Many economists think Fiat currencies are almost at the end of their life now so its a case of how long can the Fed and governments prop them up with stimulus and increasing liquidity all of which may drive Fiat currencies lower. personally i think investing in gold now is just about the best time to do it.
It was posted from the official greatland gold twitter feed