Hi All. The bullion banks are not happy with the price above $1900, they have a massive short position to close. The US regulators have slapped their wrist with a fine that is equal to about one tenth of their past profits, not hurting them at all. These banks will have to close out soon and the manipulation will cease and when they do the POG/S will rerate to a price that most would consider to be unrealistic today. If you are considering buying physical gold/silver do not leave it for much longer as time is running out and you will be scrambling to find bullion at a much higher price than today. Most UK bullion dealers are experiencing massive orders for coins and bars with delivery dates getting further and further away. ATB Speedy
RE: Please Exxon or Chevron make your move...1 Oct 2020 15:23
Hi All. Never in my wildest dreams did i think i could get on for £1.20. Thanks Loony, shorters, MMs and sellers, this is a dream buy in price. ATB Speedy
Hi All. The expected news flow in the near future is too good an opportunity to miss. Buy now and lock in the SP rise or wait for the news and buy in at a higher price. Another £25k for me @ 20.07p. ATB Speedy
Hi Edd. Your fears are (imo) unfounded. If a 500mil share issue (Very big if) dilution would be curtailed by the rise in the SP due to mining being announced with all the correct paper work published, your other fear re the pandemic is very bullish for PMs and related stocks. Fill yer boots son. ATB Speedy
Hi Mwall. I think you are misguided on the efficacy of hydrogen fuel cells. With renewable energy (after capex) it becomes a clear winner plus an environmental cost must be taken into consideration. With BPs massive infrastructure capabilities the change to a hydrogen transport system is a no brainer. Many be not for small inner city journeys/deliveries but for mainstream transport. ATB Speedy
Hi All. How further has this to fall? BP is a large component in many pension funds. The effects of this sell off will be hurting many people now. I must disagree with the heading though, BP is not a joke it is the backbone of pension funds and the quicker the BODs get a grip of the situation the better. Merger with RR to bring about the Hydrogen revolution? ATB Speedy
Hi All. PMs and related stocks are in a downward phase at the moment is it a correction or consolidation? i have no idea. The general PMs market has had a short term effect on the SP for GGP. This price movement will soon return to the upside in what could be a dramatic re rate. As good/exceptional as Paddys research is his advice needs to be ignored(sorry Paddy) do not sit on those hands use them to snap up as many of these beauts as you can. ATB Speedy
Hi ToblerRone. Impressive figs, but you are forgetting our contributions to building the mine and the toll charges for processing. NCM will want a return from us on their CAPEX for existing plant. Still excellent figs though. ATB Speedy
Hi Paddy. Congrats, well deserved, 100s of hours work given willingly to investors, if only all people were like you what a pleasant place the market would be. ATB Speedy
Hi All. The average buy price out of a exploration co is approx 12% of spot/in ground ozs We have gone well beyond this and have been derisked to a great extent. What our price would be today i have no idea but suffice to say it is nearer to the out of ground price. ATB Speedy