George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
Some people with some Big Cahones will have done well buying HOC yesterday and selling today. Personally I wouldn;t want to touch HOC with a bargepole as any kind of hold even overnight. When CEY had it;s issues it just drifted lower now circa a quid from well north of 200p and that was technical. I see one broker changed the rating from 2.80 to 90p on HOC
Getting ridiculous now obviously being moved lower by some shady types
POLY is being worked down like FRES was
At least CEY can fix their pit wall...I am afraid you cannot fix crazy people period let alone ones in power...they'll just drag you down with them. Been really cautious on HOC since Eduardo's honey trap RNS after ex div.....these 2 quid discount shares not looking so cheap since but HOC was looking enticing again until this... the closest Im going to anything to do with Peru is marmelade sandwiches
Let's hope so Miss Dollar....but not for HOC that's for sure.....
Not in HOC but I was in CEY with ther RNS October last year...and that was not as bad immediately as HOC this am.. I dumped CEY in the 1.60's and it turned out the right thing to do....Hoc was recently 1.74 now circa 74....on first hour of trading...what with that sneaky RNS just after ex div of chairmans sale...extremely cautious around HOC ever since as I just by luck sold the evening before in the last 10 minutes of trading and this no fault of HOC themselves this time just the local political situation.....Eduardo is suddenly a lot lot poorer today than last week....all those institutions who rushed in for the divi to get honey pot smacked get their revenge unless they are still in HOC in case they got double stiffed
At least GS looks credible vs DB who could be out done by your bin man flipping a coin for heads or tails for POLY !
Goldman Sachs is more convincing than the Bin man and Dooshe Bank !
I had a tumble drier from my gran that was circa early 70's just kept working...i am ashamed to say when i threw it away when I was moving and having to clear stuff out for the move ....IT WAS STILL WORKING...40 years later
How on earth are they going to raise rates by any significant level that won't crash the housing market and make the crazy banks and building societies that have been shoveling ponzi levels of credit into this MEGA BUBBLE (with the blessing of the BoE and so called Government ) technically insolvent. What a way to run an economy ! I cannot see they have any way to raise rates in any meaningful way. All I see for them to right the ship is to allow inflation either openly or their usual methof of subterfuge but Joe Public is noticing the bubbles coming up from below.
Napoloeon called us a nation of shop keepers in his time but today we are a nation built on ponzi housing economics
I totally agree with the fact these *******S in control are wasting huge sums on something that they are using as a vehcle for their own nefarious ends at the same time i would like to see greener and less pillaging interaction with our planet...eradication of plastic and pollution. But the climate has never ever been a constant. Apparently we have luckily been in a period of relative continuity that is all and that is cchanging. Anyone who think the climate has not ebbed and flowed in multi directions and has been forever constant really hasnt given it much thought or is incapable of such thought...
Now one thng i heard and is we should now be in the cooling phase but we're not we're going into a warmer phase...however(and this is no excuse to not stop pollution etc) whatever we do it's too late...the process has started and nothing we do will stop it now....temperatures will rise and sea levels will rise....a lot by the end of this century...so floodswill increase and coastal real estate is going to take the brunt and riverside property aint going to look so hot going forwards....
Yes gone off topic but like with Roosevel and gold confiscation and his intro of the 25 year mortgage there a Nuggets(no pun intended lol) where things coincide.....I tell you something that people may want to put on their radar(because we all know what grifters govts are when they see a chance to soak the plebs for revenue) This is either a long way off or won;t happen....but it;s the democrats plan to tax unrealised gains over in the US....apparently the likes of trump and the rest of the elite never realise their investment gains but they borrow against the asset and use the asset a collateral thereby avoiding any tax...basically it's like remortgaing and taking equity out and you pay no tax on it....so the dems have latched onto the idea to tax gains realised or not.....it got me thinking and this is way down the pipe....this is aimed at the rich...if it happens...at some point other govts will copy it....but then the *******S will develop the idea down to the plebs....aka property...shares whatever.....they always take this things in myriad directions and the most revenue is always always going to come by soaking the little guy because there are so many of us and they can;t he;p themselves govts....one to watch years off anyway if ever but I think yup they will find a way....it's like National Insurance in the UK another lie it's just a nother tax on top of another tax....and they stuck it to the little guy again on PAYE....right off out for the day...let's see what POLY does this week :) And Fres...my horses in the race
My own take is i Like to own a property just one now....but as a linguist i get very frustrated when i hear people called homeowners(by the system) when they have a mortgage...because if you have a mortgage you don;t own it the bank does...and stop paying that mortgage you'll soon see who owns it.... homeowner with a mortgage is an abuse of language....the real meaning behind mortgage if i recall was in french death contract,,,
I lokked it up :) A mortgage loan is a loan secured by real property through the use of a mortgage note. The word mortgage is a French Law term meaning "death contract", meaning that the pledge ends (dies) when either the obligation is fulfilled or the property is taken through foreclosure.
Yes it's unearned income if it appreciates (and I'm good with that) but nobody has a crystal ball and the past is often no indicator of the future. It's not a no brainer....that's probably one of the daftest cliches in the english language....i mean who does anything without using their brain ? A Darwin Award winner...that's who lol.....the lass who bought a leasehold for 180k in leeds and has the first of probably many bills (100k) literally is an example of a no brainer....nothing you do should be a no brainer because you need to think about everything in detail and when you are young and inexperienced that is difficult especially when the system is set up not to let you see behind the curtain and the folk around you in reality do not know Jack.
I ahve bought and sold many properties over decades....i have developed properties....and I understand what many people do not that UK housing is a massive bubble in fact it's a a bubble on a bubble on a bubble...because it was never allowed to reset aka it was and is manipulated just like GOLD and SILVER is.....in the 90's it was good time to buy as property crashed and there were not the options to rent that there are now...so you really had to buy....Property is a very illiquid asset...i can sell tens of thousands of POLY in under 30 seconds or buy in the same timeframe.....Property does not work that way and if the market gets into difficulty hey you are in for a rude awakening.....the market has been wrapped in cotton wool so nobody has seen a negative market since before 1999 when it recovered....people split up they stop paying their share of the mortgage ...trashing your credit....you need to move for work....you lose your job.....the neighbours from hell move in and you want to move.....moving costs a fortune...stamp duty ..agent fees....buyers pull out....many look at property so 2 dimensionally.....i actually know some high net worth people who actually rent and they say it's for the flexibility...and also tying up a million in a house is actually and i can;t recall the term a lost capital opportunity eg they can make that money work better by investing it......
On housing in the UK...sorry to say being in my fifties....from observation....I would also say to any young man...never ever buy a house with a partner....rent ...marry..have kids ..but never buy a house...because you are odds on going to split up and you don;t want to be locked into a mortgage period with someone who is going to be your ex partner.....its fatalistic but its a fact and i bet bookies who know odds wouldnt bet against this advice.....but partners family (and theirs) will heap on the pressure and the partner will as well....but's its a trap and one very hard to resist....but you are odds on going to lose ...especially when you;re all optimistic and in love
In the 1930's in the there was huge demand for property as there often is..but prices fell to cents on the dollar because there was no liquidity aka credit....and thats where the 25 year mortgage actually came from...one of Roosevelts brainchild ideas to get things back on track along with outlawing gold ownership...and then getting the citizens to surrender it at a fixed price and then they simply revalued gold at a much higher price ....so they used gold as the foundation stone for the economy......It always comes back to GOLD and it will again....and crypto will be gone like the emperors rags it really is
In Germany when they need new houses they just build them...the local states like Hessen all the way down to regional town councils...just simply have the power ...no messing about they just build them...here its a bureaucratic nightmare and then out come the Nimbies demaninding no new houses be built and compete with their property value....LAUGHABLE