Member Info for SteveJones999

Agree Goldnome - to add my views: bitcoin is unlike gold in that gold is physical, and the will be a finite limit, bitcoin maybe at the moment... but you can't create gold, legally or illegally, you have to find and mine it. You can wear gold and use in all sorts of product manufacturing, you can't bitcoin. You can buy and sell goods with bitcoin at the speed of light (well sort of, but you get my drift), you can't with gold. Bitcoin will be far more used as a currency, and is global but linked to nothing other than the coins themselves, but they can be created although stated to be limited. USD for example is linked/valued to USA so not global- as are other currencies. Bitcoin could become almost worthless or the sky is the limit to an extent (there is a finite amount of people who will gamble on it), and still used massively as currency, same with all crypto. In my view, gold will never be worthless, nor will businesses as they are a mix of assets and possibilities. I traded Bitcoin/crypto but for years, but always as a side activity, and am always prepared to lose the lot- I would never do this with my other investments.

11th March 2020 year end info. 21Apr Q1 Results

True, but we are spikey and tend to rise and fall, so we are due a rise!

The first 3 weeks were on track as mentioned in the q&a comf call recently so that’s ~25% of it

Good spot Rebess- there are so many positives to hold despite the gold price activity today

Thanks Siko!

Of course, now is time to buy the business if you can get it. Potential is new permits, fixing of Sukari etc etc. SP price is ripe for it- risk/reward is there. All depends as always on major voters, what the offer is and in particular what they get as art of the offer.... Endeavour, of course, was a complete low ball...

If someone offered me 145 today for my holding, I’d sell.

Yep I think about 145 - depends on new permits, but any buyer would know the status there- a circa 35% uplift from current SP- dangerous to be out at the moment on this SP.

Look at peers today, gold price etc.... eps surge in first hour.... also wait to see volume at day end... if this is a normal day on this rise compared
to peers and gold price, then I’ll take a normal
day every day!

The SP rise already starting to reflect ... just the start ...

Yep-

See my post from last night, it had a screenshot

There we go... come on rumours, gain more traction throughout the day please... here’s hoping :-)

What was said -
here’s hoping! https://twitter.com/laptop1515/status/1361060539863076864?s=19Screen shot

Pasted from another board and am not a subscriber so can’t read in full if there is any more info and can’t be bothered to go out as am watching the footie ...
https://twitter.com/laptop1515/status/1361035751559946240?s=19Interesting

Yep but CEY is a stock not gold

I have and have crypto for years, but only a tiny, tiny part of my portfolio as it drops and climbs at the drop of a hat irrespective of any economic conditions- I just see as a gambling fund, not an investment one. It’s a method of payment and have been saying in other forums for years will be around forever - cheap payment, hard to trace (for now)etc etc. But unlike gold is not physical. What should it’s value be and that of other cryptos? I haven’t a damn clue, and it attracts the crazy retail gambling platforms that attracts and millions of new retail gamblers. Companies will doubtless use for payment, but would I want be sitting on a pension pot, for example, on crypto at the moment? I’d probably die of a heart attack with its volatility and potential to drop off a cliff at any time...

I was referring to a general massive
drop which I don’t see happening like the FED 55% or like what happened last March. Both of would hammer CEY no doubt, even despite its current valuation.
I broadly agree with the article, which is why I posted about my pension.
As I don’t see the ~55% scenario, but I do agree
broadly with the article, and base my decisions on economics and fundamentals, I continue to be long here with my other investments.

CEY is an equity so we definitely do now want this scenario- history has shown we will get hammered like other equities and much gold will get liquidated. I don’t always believe in cycles or history, but this type of fall hammering CEY is a no brainer in terms of damage . What recovers fastest is better, but recovery is getting back, I don’t want a massive drop!
Below is an article which supports my view- I’m not recommending the company, but the view makes sense and is what I’ve been thinking over past year.

https://www.bmogam.com/gb-en/intermediary/capabilities/multi-asset/our-thinking/should-you-be-worrying-about-equity-valuations/