Member Info for speedymeadie

Hi Bamps. With the CU it is more than likely we will have a negative AISC. What are the figs with £2500/oz at no AISC (just to be conservative). Go on blow the bloody doors of. ATB Speedy

Hi Lock. It is funny how these investors/traders always manage to sell at the top and buy back in at the bottom. It is always declared after the event, be good one day if they give us the heads up so we can all enjoy. For me i find it easier just to ride the waves and surf up the beach. ATB Speedy

Hi Green. I am not a snowflake but that post is slightly disturbing. Love Basil though. ATB Speedy

Hi Tymers. Same as you, my physical holdings will enrich my heirs beyond their wildest dreams. My GGP holding will allow me to continue to enjoy, to the full, the finer things in life. ATB Speedy

Hi Tymers Re your 15 28 post. You are correct, gold will become a tier 1 asset(in my mind it already is). The reality is somewhat different and only 85% of spot price will be allowed. I do not have the time to explain why here, but it will mean a 85% hair cut for traders with naked shorts on the COMEX and else where. The race for physical gold will push the price of physical gold up and ETFs down as they get dumped. People do not have much longer to acquire physical metals at this manipulated low price, if you are considering a metals purchase i suggest tomorrow will not be a moment to early. For a leveraged bet for a higher POG GGP is BOOM (sorry Enrico) ATB Speedy

Hi Bamps. Good on you. No point being wet on the outside as well as inside, slurp slurp. ATB Speedy

Hi Tymers. I agree, the 10% traders will be selling (more fool them). ATB Speedy

Hi Red. Why not come to the 30p(maybe) party on the 26th May. ATB Speedy

Hi Hydro. The seller could be a ii or a HNWI that has been hit by the Archegos or Greensill mess and is forced to sell to cover margin calls. No one really knows but all looks bright here now. ATB Speedy

Hi All. We will be mining, of this there is no doubt now. The timing for GGP could not be better. I have just received an email from a major gold/silver dealer. He tells of a coming surge in the price of physical metals. The reason he gives is Basel111 forcing banks to operate differently in the market and sending ETF values down and pushing premiums for physical up. This has been confirmed by the fact that HNW individuals and hedge funds are using family investment offices to purchase very large amounts of physical metals so as not to spook the market. This is a perfect storm for our assets . ATB Speedy

Hi Spy. So many unanswered questions. Best just to ride this correction out and wait for the re rate. Guessing why is almost as pointless as SP predictions. ATB Speedy

Hi Bully. If your assumption is correct and GH has shorted millions of his stock as a hedge do you not think it would show up on the short list? ATB Speedy

Hi All. This is a post about gold Britannias, if you are not interested i suggest you do not read it. When buying a gold Britannia you pay an amount over spot price this is called the premium. When selling back into the market it is also important to achieve a premium over spot. I have done a fair amount of buying and selling in my time and one of the best spreads i have found is from The Pure Gold Co. Depending on the size of purchase a premium of 3.5% to 4.5% is normal and a buy back premium of 1.5% over spot is achievable in todays market, this gives a spread of 2% or 3%. That is good in todays market place for bullion coins, if anyone has info on a better spread from other dealers please let us know. I have no affiliation to TPGC and have no financial gain in giving this info it is only to let buyers into the physical market know what is available. ATB Speedy

Hi Hydro. I think $400/500/oz in ground is a slight conservative for such an advanced project but fair. ATB Speedy

Hi Jerry. You may be right about GH selling through Berg. What i do not understand is why he would continue selling down at the present SP. We all think the SP will be higher in time, so must he. ATB Speedy

Hi Southpaw. Or 29gm/ton at 200mts from 20mts at SWAG. Now that would help. ATB Speedy

Hi Normanflare. Have a small holding in KOD. I have very little confidence in the BOD or the jurisdiction they operate in. KOD may be a success but it will be inspite of not because of the business model. I will continue to hold as their asset is wanted. ATB Speedy

Hi Rosso123. The whole game is about timing. Those with a higher entry price than todays SP only need to hold, those who bought in earlier only have to hold for more profits. ATB Speedy

Hi Tymers. Be interesting to see your projections on working capital needed to take us to production using figs assuming drill program and running costs stay as planned. ATB Speedy

Hi Sliotar. The market (algos) look at all aspects,trends, valuations, market activity including discussions. Do not be afraid of a fund raise. If we have a fund raise it will be for asset purchase not life style funding and will add value. I trust the BODs to make the right decisions. The only people worried are short term traders not investors. ATB Speedy