Member Info for SouthernComfort

It's looking more likely that at least another 10yrs left in the old girl Telfer.

This is going to make for a very interesting Telfer resource update.

Gold Rally Could Extend as Market Conditions Remain Favorable.

"Gold remains steady at 2,930 USD per troy ounce on Wednesday, hovering near last week’s record high of 2,940 USD. Ongoing concerns over US trade tariffs and global uncertainties continue to drive demand for safe-haven assets."

"Key Factors Driving Gold Prices

Escalating US trade tensions – On Tuesday, US President Donald Trump announced plans to impose 25% tariffs on automobiles, further escalating global trade disputes. Additional tariffs on semiconductors and pharmaceuticals have also been proposed, intensifying market concerns. Last week, Trump suggested these auto tariffs could take effect by 2 April.

US foreign policy shifts – Reports indicate that the White House may be considering lifting sanctions on Russia as part of diplomatic negotiations, adding to global market uncertainty.

Federal Reserve’s cautious stance – San Francisco Fed President Mary Daly reiterated that inflation remains uneven, supporting the Fed’s view that interest rates should remain unchanged for now. This aligns with the Fed’s earlier signals of maintaining a tight monetary policy, which could keep long-term inflation risks alive, indirectly supporting Gold prices.

Increased bullion demand – Gold shipments from Singapore to the US surged to a three-year high in January, indicating potential disruptions in bullion trading due to price differentials. This signals strong demand and market inefficiencies, contributing to rising gold prices."

About blaming Ukraine, is throwing fuel on the global fire of uncertainty and dividing western powers. He is more aligned with Putins narrative.

This will push gold to extreme levels.

TS100

Lol, nearly.

" I have said before being worked like a puppet in the background.

However, time is running out and I fully believe we do not have much longer to wait until this pops"

This will not 'pop' until after ASX listing, the puppet master in the background will see to that. Do you know who it is yet?

Aimo.

Hi TomE.

Not sure why you guys are engaging with the most abusive, narcissistic and disruptive poster on LSE.

This poster wished a poster on the GBP board died in a plane crash, this all after he destroyed and continues to destroy posters on that board.

It also accuses posters on this board of dementia. All abusive hate speech, which is illegal under online abuse laws.

It should be banned, all it's posts are being recorded for future action.

"A 9 p close would be purrfect me thinks"

Indeed, it would, but sadly, not today.

The pattern of activity today suggests not.

We are currently sitting on the exponential waiting factor phase.

The optimal value for the weighting factor depends on the data stream and the data stream is showing a strong bias towards demand outstripping supply.

Paper gold cannot be covered by physical gold.

The consequences are a straight run on gold very soon. Paper holders will panic and call in physical and bang the system goes down.

As did the same with nickel, a couple of years ago.

The London metal exchange collapsed on one day. Nickel went from $20 k per tonne to $100k in one day.

If all Paper holders call in, then the system will collapse and gold goes parabolic in 24hrs.

You don't want to be out when that happens and it's coming soon, to broker near you.

That asset value of the top 10 insurance companies combined is a staggering $8.8 Trillion ($8,800 billion)

For context, if GGP generated $1billion revenue annually, it would take them 8,800 yrs to match that figure.

Thís opens up some huge possibilities, Global insurance companies looking for safety, scary times ahead.

Rank Company Country Total assets

(US$ Billion)

1 Allianz Germany 1,247.2

2 Berkshire Hathaway United States 958.8

3 Prudential Financial United States 937.6

4 Ping An Insurance China 937.0

5 China Life Insurance China 900.5

6 Axa France 846.3

7 Legal & General United Kingdom 786.1

8 MetLife United States 759.7

9 Nippon Life Japan 725.0

10 Manulife Financial Canada 718.1

And, If the China's Insurance companies go large on gold this year, then who knows how far it will go this year.

It's looking like the banks have lost the battle of $2900, next battle will be $3000, I believe will be breached before Feb end. After that it will be exponential to $4000, possibly before yr end.

I'm fancying $5000 by mid 2026 or earlier.

"however, 99% on here seem to follow these random mistakes."

It seems you missed the unprovoked abuse towards me a few posts earlier.

However, 99% on here seem to follow these favourite posters.

DYOR.

"You need Southerncomfort for that, someone with a big head"

Lol, that's right because you are clueless with numbers as you demonstrated yesterday with this carp,

"8.4moz at Havieron + 500oz at Telfer

Roughly 9m oz in ground for $425m gives $47/ oz in ground."

We already own 30% of the 8.4moz, you numpty and where you get that stupid number of $425 million from?

Clueless at best.

By the time gold is coming out of Havieron, it will be $5000oz.

Stew on that, fence sitters.

AIMO.

"8.4moz at Havieron + 500oz at Telfer

Roughly 9m oz in ground for $425m gives $47/ oz in ground."

What utter carp you spout, you clearly don't understand numbers.

8.4moz, really, we already owned 30% of that and what about the 20% shareholding value in GGP? why have you not factored in this?

You must try better old man.

The erratic movements in sp are what you expect from a company in it's exploration stage. It's very obvious that the spivs or some other entity is hell bent on not allowing GGP to be valued as a fully fledged gold producer just yet. The forward looking revenue generation should give at least 1 or 2 multiple of where we are priced today.

This upcoming ASX listing is the millstone around our neck and will remain so until finalised.

AIMO.

Further to that Hav value, at circa $2200 oz after costs and 80% recovery, the figure is closer to $16.5 billion and that's on what we know now.

"The top 12gold miners in the world are valuing their gold in ground @ USD700/oz. That valuesHav at over usd3bill."

Correct me if I'm wrong, but I get that to circa $5.6 billion.