Member Info for speedymeadie

Hi Khrysos. Zeus knows all. ATB Speedy

i All. Newcrest have an option to buy 5% at FMV. The option means they can buy or decline to buy. The amount of money they will have spent up to decision time (% wise) will be insignificant compared to what they will have to pay for the 5%. I see Newcrests BODs declining to buy due to ROI. Cheap bank loans will be available to GGP at that stage to see us thru to income and my preference would be, hold on to the 5%. That 5% will be worth more as the POG/CU increases. ATB Speedy

Hi Hydro. Maybe it is me who should check the script before i post. Keep up the good posting and hope to see you on the 13th. ATB Speedy

Hi Doyou. 1000mts is nothing for Newcrest and the way they are speeding towards production is mindblowing. Are you in or just here to spout rubbish? Speedy

Hi Khrysos. This BB has been and will continue to be one of the most informative on LSE. It is unfortunate that some posters try to disrupt and sow doubt. What is worse than that is when trusted posters make a huge howler. For someone as informed as Hydro to make the basic mistake of announcing a recent purchase of 10% of GGP by Blackrock is worrying. I have met Hydro in person and read his posts with interest. I am of the opinion that he is well meaning and very pro GGP. He just needs to recheck his script prior to posting such info. ATB Speedy

Hi Rarseinababylon. Yes, fast patrol boat with torpedo tubes. ATB Speedy

Hi Bamps. All that for only 16p? ATB Speedy

Hi all. All pointers are towards a digital coin backed by physical/deliverable gold. Kinesis are trying their best but its all a bit too complicated. I hope one day in the not too distant future to see all the major gold producers get together and form their own market place with a digital gold coin. With the COMEX and LBMA coming under pressure this is a good time to form a new market for PMs. ATB Speedy

Hi Tig. No church for me just a day sorting out my hand built fishing boat and my 1980s fletcher sports boat. My MTB is coming along nicely , replacement poop deck and 7 rotten deck to hull knee joints replaced. Looking forward to seeing the gang on the 13th. ATB Speedy

Hi Bablake. Contrived is the exact word for what is going to happen between now and the new year in the PMs space. With shorts exceeding $300billion and probably nearer $450billion the banks have no option than to double down and short the market even more hoping the longs will capitulate and allow them a way out. ATB Speedy

Hi All. This is just on the COMEX and is only the tip of the iceberg. ATB Speedy

Hi All. The bullion banks have only managed to close 17727 short gold contracts and now hold 314 727 short contracts. The recent false dip in the POG has not allowed them to clear. Expect much more volatility in this space leading up to the new year. ATB Speedy

Hi Timber. A good example of their double cross tactics is the underhand dealings at SXX. As i said " no limits to their profit making activities". ATB Speedy

Hi Timber. Best to follow what the do, not what they say. If they say buy they are probably short. ATB Speedy

Hi Code. I mentioned in a post the other day that "the PMs market is very complicated and dangerous" JPM have ruled the roost in that space since taking over Bear Stearns short silver position. JPM have no limit to their activities in making a profit. Shorting silver from $49/oz all the way down to $12/oz and buying physical silver with both hands to amass the biggest silver hoard by a single entity in history. They really need to be broken up and the BODs jailed the same as any other criminal organisation. ATB Speedy

Hi Code. Giving tax money, unnecessarily, to incompetent govs is morally wrong. That is why all my investing strategies look at tax avoidance. Gold/Silver Brits, stocks and shares ISAs and owner occupied residential homes (although stamp duty is a stealth tax ).Using shrewd accountants also helps. What really annoys me is the 20% VAT levied on purchases. Many a time i have walked away from a purchase because of the VAT. SIPPs are also a tax trap, imagine having a million GGP shares in a SIPP and giving 45% to HMRC . The answer is to shrink gov by 90% and reduce their activities to civil law and order and border control and give much more power to parish and local councils.
Apologies for the off topic, but my views are that my hard earned profits from GGP are mine. ATB Speedy

Hi All. Using 212 is about a silly as it gets. The so called "free trading" is anything but. With high spreads and 212 lending your shares to short your shares. May as well bet on the odds on favorite with a each way bet. ATB Speedy

Hi Shady. We all feel your pain. There are 3 options available to you, sell, hold, buy some more. The weak will sell, the locked in have no option but to hold , the smart money will be loading up. Nothing gets better than a tier 1 gold/Cu mine. ATB Speedy

Hi khrysos. Thanks for the reply. The biggest factor in the PMs space is manipulation, all manipulated markets revert to true value. Will Basel111 be the catalyst (Jan 2nd 2022)? . After reading the calculations, by our resident genius Bamps, all those millions of Ozs @ $10k/oz rings a bell. My prediction of $10k by the time we get to full production is just that "a prediction" but just the thought of that cheers me up on a miserable wet day. ATB Speedy

Hi Jerry. See you there. ATB Speedy