Member Info for speedymeadie

Hi Malva. So, long story, speedies short version. We will become a very profitable tier 1 mine.

Newmont have too much debt and is using a blinkered approach to reducing that debt. Many years ago i sold off some London based BTLs (low ROI) to reduce debt, worse decision possible as the low rental yield was soon made insignificant by price appreciation. Same will happen to Hav/Telfer. ATB Speedy

Hi All. Great week for gold. My predictions of $2500/oz in 2023 were thwarted by two things, bitcoin and the continuing but failing attempts to suppress the PMs market. The bullion banks have still not given up hence the volatility on Friday with 2x $40 swings. The banks are now in the red for $40 billion net on the short side and are finding it hard to square the books with producers not hedging. Traders standing for delivery on the COMEX are hurting the liquidity providers in that market and loco London.

Buyers of physical gold are having to pay twice as much as a few years ago and it will get even more expensive as the suppression fails to stem the rise.

Soon the rising POG will be reflected in the miners and producers and the rush into that space will be some thing to tell the grandkids. ATB Speedy

Hi Bottle rocket. Good to see your name on here again and many thanks for your relentless input. ATB Speedy

Hi Dr Magic trades. Very well done, this comes from someone who failed his 11 plus. ATB Speedy

Hi Idealised. If i owned a shop it would have a nice big hardwood box with a big brass hinge and padlock, standing next to a live gold/silver chart and anyone can open an account with a coin. Guess what coin. ATB Speedy

Hi Adrian. You aint seen nothing yet. ATB Speedy

Should read $2088 late Dec

Hi Timber. The price you quoted was for the OTC market. That high was due to a massive buy in an illiquid market, probably a central bank or wealth fund. The OTC market is for the very big boys and is out of reach to all but the very very well heeled. The highest price on the open market was $ 2078 late Dec 2023. ATB Speedy

Hi All. $2100/oz just been achieved, will it close above? Bitcoin is taking the wind out of golds sail but when that mania phase ends i see a big rush into the PMs space taking the POG way higher than most could imagine. It also looks like GDXJ is catching a bid, how long till that exceeds the $50 ATH?

As gold extends its bull investors will get draw in in ever increasing numbers towards the mania stage ($5k/oz anyone?). The only unknown is the time scale but my money is on a few years not decades. Looking better and better for our perfectly timed production date. ATB Speedy

Hi All. Sell the Li to the Chinese (1.5p special divi to SH) prove up the gold (sell the gold ) i love exploring. ATB Speedy

Hi All. How on earth can SD be happy when S of M is now PG, i am gutted. ATB Speedy

Hi lee. China is the largest gold producer in the world with production over 300 tons/yr and they never ever sell. They also advise their citizens to own physical gold and withdrawals from the SGE are huge. I am not an expert on China so no comment on their financial position but i am fully aware of their preference for gold over the $. How much gold in China is a guessing game but i am confident it is much much more than they officially declare. I have seen estimates in excess of 30000 tons. ATB Speedy

Hi MH01. Great vid, never listened to him before now and he makes absolute sense. Funny thing is i have recently taken out a small position in silver via PHAG. This is not a long term position, my long term position in silver is via silver Britts held in a bonded store. ATB Speedy

Hi MFU. I can understand your thoughts but to say it "just aint going to happen" is wrong. To achieve $5000/oz from here is a 400% increase but in my life time i have seen g old explode as much as 800% over a short time scale and the world kept on spinning. The main losers will be the war mongers creating debt to pay for it. The USA has had its day and the sooner it realizes it the better. The best way to avoid being one of the losers is to hold physical gold. ATB Speedy

Hi Jerry. Knew i could rely on you. That calculation makes a good case for complete ownership. ATB Speedy

Hi All. Things are heating up. Comex and the SGE had more gold removed than a years total world wide production. This will lead to a liquidity problem and the only answer is much much higher prices. Once scrap and ETF withdrawals are removed from the supply side its game over for fiat. As i have stated on here many times price increase due to inflation is non profit but when the price suppressors are overwhelmed and gold reverts to true value the wealth increase, for holders of physical gold, will be substantial.

Just for fun can someone do the math for 100% ownership of Hav with POG at $ 5000/oz. My calculator is not big enough so its a big number. ATB Speedy

Hi All. With gold and bitcoin reaching new ATHs it just shows how unloved fiat is. Congrats to all the folk that bought and are still buying those Charlies with the best yet to come.

You do not need me to tell you what this will do to the PMs mining industry. ATB Speedy

Hi All. Reading the posts from the last 24 hrs tells me that investing in the PMs market is not for all.

The POG is heading to the moon and we own 30% of a shed load of the shiny stuff and have the funding and expertise to get it to the Perth mint. The only person that can lose here is you if you lose the faith and sell. ATB Speedy

Hi MH01. Screw your neck back in. Your last post was a bit dramatic. ATB Speedy

Hi MH01. No panic here, just would have liked to see an RNS prior to the TH meet. We are all fully aware of the fact that SD will not show his hand early but he could let us know if he is entering the ring. ATB Speedy