The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The only thing i can think of with CEy is if Gold goes bananas ...aka a rising tide floats all boats
The trouble with CEY is it is a one trick pony with a single asset not 4 as with HOC and that single asset has pitwall issues regardless of it's long mine life. It was all go swimmingly until Oct 2020 and now look where the SP is ! They are trying to sell the undeveloped West Africa undeveloped asset obviously beause they don;t want the costs of developing it. I can't find any compelling case to buy back into CEY but I have with HOC this week
saw Jamie's rent a mob at JPM couldn't wait to use any excuse to adjust their Target on POLY ! How many fines have you paid now Jamie ? same question to Douche Bank ?
As someone pointed out if POLY was not Russian and Canadian it woud automatically be worth more to the market. To be honest I am highly impressed with the management of this company and still people jump up and down on little things that are not utterly perfect. Look at FRES update today, still a great company but they have a history of updates that show they struggle with things that POLY slide over like a greased eel. And still people whinge. This SP as many have observed is way out of whack with the fundamentals and potential upside. We are heading into an inflationary environment owing to all the unbacked fiat being printed, we have supply side shortgages which means more of that printed money is going to be chasing fewer goods. Crypto is the Emperors new Rags. Where does that leave the most lasting asset in history ? JP Morgan "Gold is money everything else is credit" Words reiterated a few years back by Greenspan after he left the Fed of course !
What I find most interesting is people like yourself who think they know it all....POLY is massively undervalued so take that 8 % off where it should really be...and I'll give you that....you have tunnel vision like a horse with blinkers on
If you don't think much of the Q3 report may I venture you don;t know what you are talking about ? And slap down Tuesday all built on paper gold contracts that can be printed to infinity.....perhaps a new name Been there seen it done it still don;t know jack !
The blockchain technology of course lends zero credibility to bitcoin. It will be ironic one will outlast the other and it's quite clear if that's true it cannot be bitcoin. There are so many things that will cause bitcoin to die on the vine and it will only take one of them to start the collapse. One of which is there very few btc left to mine and the increasing amount of lost coins. Now a btc fanatic will jump up and say that means bitcoin is deflationary as a currency(it's not a currency) and lol they certaainly want inflation in the btc price(just like any good old ponzi ).
The talk is as mining dwindles the miners can make money from transaction...what transactions ? The only transactions are participants buying and selling(churn) between themselves and any greater fools entering the charade. Bitcoin utterly failed as a utility in such dramatic fashion as throwing a lead balloon off a cliff.
I have said many times btc is not for the mainstream and certainly not at these prices....no helpdesk...lose your keys and that's it....oh put it on an exchange(where you have a claim on a bitcoin nothing more)...exchanges get and have been hacked and holders(not hodlers just because some eejoot makes a typo is no reason to copy the error) have been left bitcoinless(suddenly they are no coiners..their favourite insult).
Finally allowing institutions like Tesla or Banks to invest in this carp( carpers :) ) is ging to literally create a systemic risk when one or many foul up their access aka lose their keys. They will not admit it until some whistleblower rats them out or bitcoin crashes...they will still list it on the balance sheet....it is remarkably easy to lose access and nigh on impossible to rectify. Hence the amut of lost coins....you don;t think some techie of bankers is not going to make the mistake ?
Old Max Keiser going on this am about it being unconfiscatable a familiar load of codswallop. There are many cases of bitcoin being confiscated....it's simple you either do a deal or they leave you to rot in jail....they do a deal everytime....so much baloney around the btc crypto space...it is worthless ...it literally is the emperors clothes and as in the story they will all one day say they knew he was naked !
How true that is ! In the case of bitcoin the early participants sit with(they hope if they haven't lost their key or the exchange has been hacked or their cold wallet broke..bitcoin has no helpline) their stash of bitcoins promoting bitcoin and explaining to the great unwashed they may enter the ponzi and get themselves some satoshis(100 million in each btc) if they can't afford a whole bitcoin or they are rather scared to hand over 63,000 dollars and get a bitcoin on the exchange or a hard wallet(if they even know what they are doing ?) Little caveat also you have probably heard of fractional reserve banking in the FIAT World. well if you use an exchange all you have is a claim on a bitcoin who knows if the exchange has a bitcoin for each customer that has either deposited btc or bought via the exchange !
It's all very Mary Antoinette...."Let them have Satoshis" !!!!
It's a scam if it wasn't at the start when it was supposed to be for trasactions aka a utility it certainly became a scam when it failed at that and turned into a store of value ! It's the Emperors new clothes reimagined !
"By the time your hair dresser and cab driver are talking about speculating in it you know it’s no time to start entering the market. "
I was reading about the backlog of ships trying to get into american ports and wondered if they are short on paper to print those paper gold contracts ? lol They couldn;t even make masks maybe they can;t make paper anymore either ?
I remember months back Poly Report and Fres Report and the SP didn;t move...i sort of said what's the point of getting in before the report when it doesn;t move on great figures.....buy after the report said to myself. Of course if it was a negative report you'd be out and you can guarantee both would tank on bad news but dont necessarily rise on good aka POLY today in fact !
Fres flying shaking off gold retrace ! Why ? How ?
All Cryptos are worthless I am glad to have followed the saga becase it's taught me that central bank digital crypto when it comes along (in china already has) may not be worthlessbut is a very very bad idea for the average Joe Public. FIAT is already mostly digital. Central Bank Crypto digital currencies something actually worse than Fiat !!
If I am sorry about one thing on the crypto scene is that although I have never been a supporter of crypto i,e bitcoin et al and the fact i am now an ardent anti crypto and bitcoin guy. I missed a trick not to take a put earlier on in the saga. Just because it's a scam doesn;t mean you cant make money out of it if you get in early. I never anticipated the hullabaloo about it. Irony is I actually know more about it than a lot of supporters. What is worse those supporters often have flaky at best understanding of financial markets or none at all whic is why they can;t see the wood for the trees.
Bitcoin was supposed to be a peer to peer utility hard currency it failed and morphed into a ponzi scheme(they call it a store of value). It's totally unworkable for the masses always was and still is. No Helpdesk no backing no nothing. Exchanges hacked galore.....or the founder legged it in some of the smaller ones...lose your keys stuffed....its hard enough keepig track of passwords these days...have you ever seen a bitcoin key ? it;s like the length of that welsh train station name. Most bitcoin is in the hands of the whales.....it has no transactions to speak of and is regularly pumped and dumped because its unregulated....it's a total ***t show is the truth. The ultimate Ponzi it;s right up there with tulips,...John Law way beynd Madoff and Charles Ponzi
I was trying to find for Fres and Poly when the production reports are due...i think they are close together but i can;t see where it says to expect them ? Any ideas ? I am guessing the POLY RNS today was unexpected ?
I was on abeach a few week ago when i bought back into FRES in the 7.95 range....a day or so later it was 7.76 now 8.60 range...and now gold has dropped back silver not gone further than the garden path ...go figure ? Not complaining it's worked out so far....i just always expect to wake up one morning to a horrible rns and down she goes or even a great rns and production report and down she goes....long and short of it i never know what to expect with Fres
Few points on bitcoin the pyramid pushers don;t want to acknowledge.
Bitcoin take up is miniscule of miniscule amongst the population worldwide.
Most bitcoin is held by less than a thousand whales and as it;s not regulated you can only imagine the shennanigans they can get up to with regard to pump and dumps way beyond even the glamour model Jordans lengthy experience of pump and dumps.
To say bitcoin failed as utility is a massive understatement. It's transactions for purchases is bordering on a total nothing burger
Somewhere out there now or in the future some institution has or is going to foul up their key access and render their so called investment worthless. This has happened to many individuals so you tell me why it won;t happen on a big scale ? Do you expect them to hide the fact ? I bet you do as I do 100 % until exposed....
What do bitcoiners share with pyramid schemes ? The same rallying cry for new entrants it;s the lifeblood of any ponzi or pyramid scheme.
It's not a question if bitcoin will die and the other crypto's along with it it's just a matter of when ?
One thing I have learned is that Central bank digital crypto currencies are a very very bad idea for Joe Public. Unfortunately Joe Public being dumber tha a box of rocks is an easy target for central bankers nefarious plans. Most FIAT is digital anyway there is absolutely no reason ofr central bank crypto other than for the rotten bad motives of politicians and central bankers. And i tell you one thing i bet there is hardly any elected MP who understand anything about crypto and if there are i bet they all fit in a london cab with plenty of room. But thay won;t stop politicians promoting them.
Yeah i am going to buy some lines of code for 60k...
One argument against gold that always make me chuckle is that the universe is full of gold and when asteroid mining starts gold will be worthless....it's hysterical.....can you imagine the cost of mining asteroids right now and the fact we actually can;t. But someone is going to go mine a commodity to make it worthless.....gold made in the last stages of a dying star...one of the rarest elements......a digital paper contract that they do everything to stop you standing for delivery is just a figment of someone's imagination..just like the urban spaceman...it don't exist
On Crypto's I'm seriously wondering if bitcoin miners who process the blockchain won;t have another bitcoin cash moment and produce either a new fork or amazingly unlock the ability to mine more than 21 million.....for me they are nothing more than the coins in a mario game...fiat might be dodgy but as per the latin name fiat = let it be or make it so has some sovereign legal backing.......of course gold and silver used to keep fiat honest ...but that's a way way way back...