Member Info for speedymeadie

Hi reddirt. He can borrow my divining sticks if it helps. ATB Speedy

Hi BTBs. You say " todays share price is an absolute bargain". I could not agree more, maybe with a bit of luck the SP will hang around at these levels until 6th April. Always look on the bright side of life de do de do. ATB Speedy

Hi dvharrison. Your views on why the 45% drop would be appreciated. ATB Speedy

Hi All. To say the SWAG results were bad is totally wrong. I refer you to posts by Magictrades explaining all about the results and talking about pathfinders. SWAG will produce good drill cores we just need to be patient.
There are forces in the market place that want your shares and will use any tactic to achieve their goals. One tactic is to use news flow (good or bad) to their advantage. They will twist and distort the news to create fear and confusion and coerce holders into selling. Do not be fooled. ATB Speedy

Hi Bully Fumf beer bitter. ATB Speedy

Hi Ben. I remember it well, 17% "ouch". Funny you should mention Germany. I took a 10 strong team of plasters there in the 90s, we straightened up a hotel /office in Leipzig that was badly built. Huge great big plastering machines 650 mt2/day. Come back knackered but with "loads a money". ATB Speedy

Hi Benrumpson1. "Who is buying all these houses" The answer is "Banks". Most houses are being bought with 90/95% mortgages at 2.5% above base. Almost free money. What i want to know is what will happen when interest rates are back up to 5%. At 7.5% interest a lot mortgage payers are going to be in big trouble. ATB Speedy

Hi Hydro. Thanks. How often is it updated? There must be some seriously big ii holdings by now. ATB Speedy

Hi Hydro. Any chance of a Bloomberg terminal screen shot? ATB Speedy

Hi Jvetch. 2025 for the 5% purchase by Newcrest for HAV. The reason for the time frame is we have no idea of what is down there and may not even know by 2025. HAV just keeps on getting bigger and bigger. I see a compromise plan 1 where Newcrest pony up a large lump of cash for what is known plus more at a later date when drilling at Hav finishes. Plan 2 may be a total outright purchase of Hav (not sure SB is to keen on the ROI in that case). Plan 3 is we retain 30% of HAV. I suspect many other scenarios are possible as contracts can always be re arranged with both parties consent. ATB Speedy

Hi 5x5. ETCs are good for trading but i prefer physical for investing. Premiums on coins are extreme at the mo. I am using PSLV for my monthly purchases as they are physical holders and i will swap to coins when premiums are better. ATB Speedy

Hi Napthman. Royal mint 1 oz silver Britannia £33.66p inc Vat today, spot price 1oz silver £18. not quite 100% premium but close. ATB Speedy.

Hi Merc. Very well done on your silver brit purchase. I used 100% straight off of bullion by post for 1 coin. If you shop around the premiums can be lower. I would like to know where you purchased at that price, best quote i have seen for several months. ATB Speedy

Hi Tig. Lord help us, they want to turn us all into Harry and Megan.ATB Speedy

Hi Tig. I prefer my heading. As you say there are many reasons why GGP should "maintain their attachment to Newcrest" the main one is the millions of ozs of gold, tons of CU, shed loads of cobalt (apparently) giving £billions in profit and Newcrests ability to get it out of the ground. Marriage made in heaven. ATB Speedy

Hi Imp. You say "gold has no utility" Except for, coin making, electrical conductivity, heated wind screens, guilding, jewelry and the best store of wealth know to man. There are probably many more uses but i think you get the idea.
Miners around the world are forced to put aside massive funds to repair damage and return sites back to nature done by mining. Once mines are finished it does not take nature very long to make good. The plastic industry is by far the worst industry in the world and the consequences are yet to be realized. ATB Speedy

Hi Jerry. When premiums for silver Brits hit 100%(as they are now) you know something is afoot. JPM apparently hold a billion ozs of physical silver. Will they sit on it and let the price run or will they sell into the coming rise to cap it? I see a rise to $50/oz on the COMEX with physical at $100/oz. The shorts will be crushed and will try to defend at $50 but will be over run with physical buying. JPM are net long in silver and those boys do not make mistakes. I think it is too late to buy silver Brits because of the premiums (need 120% to break even). Sprotts physical silver fund PSLV (held in an ISA) is a much better bet.
If the POG/S takes of as predicted by many "experts" the talk of £3 by Christmas(not this coming Christmas) may well be on the cards. ATB Speedy

Hi Red. Thank you. If i can help people understand the gold market and the problems within that market the more pressure will be placed on the regulators to actually earn their keep. ATB Speedy

Hi Tig. Hope all is well with you and really looking forwards to our meet.
In answer to your last post. If, when, the POG doubles the Sp of a gold miner will usually rise multiples of that due to costs staying the same but profits increasing. If, after costs, the profit/oz is $1k with POG at $1750 then when the POG rises $100 the profits rise to $1100 a 10% increase as opposed to only approx 6% for the POG. Miners are a leveraged bet to the POG and are therefor more profitable than holding physical gold. There are a few caveats to that conclusion. Most explorers fail, all mines have a falling value, greater risk( geopolitical). GGP is one in a thousand and is the reason i sold half my holdings of physical to buy into this epic story and when i sell i will buy back my physical. Physical gold, over time has proved to be a great store of wealth. Gold is not normally a wealth creator but when the price suppression ends holders will see a dramatic increase in wealth due to the difference in price between a corrupt market and true value. Just imagine where our SP will be when this manipulation ends, gives me a warm feeling. ATB Speedy

Hi All. In the far distant past i vaguely remember something about a mining license being issued to AMC. Or was i dreaming? I love shushi is extremely bullish here. Only problem is none of the big boys agree. If we are to see a return on our investment we need a backer/LV or a buyer now. If left much longer i see the EV market rising and falling prior to us mining. Unfortunately "next year we will be millionaires" is only fools and dreamers unless our BODs get a move on.