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Just to clarify - it’s gone up a staggering $1500 overnight, based on the 1913 valuation of $29.07/oz is now $7,589/oz (https://www.usdebtclock.org/ see bottom right hand corner). Exchange rate to Australia should now be over AUD10,000/oz!
Sorry to hear that Andee. They’ll soon have you fixed. Look forward to being entertained by you more frequently while you’re grounded ;-) Meanwhile the overnight rise of $1500/oz in “true” price of gold on the US debt clock I spotted this morning will raise your spirits. Thanks to the US turning on the taps & printing money again! The Dutch are listening too, getting their gold guarded by military. Interesting times! Get well soon!
Good to hear that DR’s been in touch, and I think a good idea to package together shares from anyone wanting to sell their share of the distribution early. I’m sure it has been holding back the Calidus price no end. My focus is on holding long & waiting for that gold price to head on up. But quite happy to get in touch with Dave if it will help. GLA
The CAI fundraiser is another completely successful & necessary step along the way. With the gold price steadily ascending (at present rate I reckon it could reach 3,000AUD an ounce by the end of the year) looks like we’re in the right place at the right time! GLA
Apparently at least $1.6 trillion went into negative yielding bonds yesterday alone. I reckon this makes gold & gold shares a very good buy. Plus, love him or hate him, Trump said gold to end the Fed & he seems to have done everything else he said he was going to do!
Pleased to hear of Chirp’s holding here, & all you others. We gave a thumbs up to Andee’s big buys recently. Sadly have to report the death of probably the oldest Keras shareholder at 99 (the mother in-law) - shame she missed the recent price hike, she’d have loved the excitement! We’re in it for the long term & reckon we’ve about 10% of DR’s holding. I guess we’ll all be voting in favour of the Calidus share distribution ;-) The Hot Copper bloggers should note that we all want to see this become a profitable gold mine too ! GLA LTH
Certainly no lack of interest here, with both my wife & myself, like Pinecone, with substantial investment in our pensions. We’re looking ahead to future dividends which could easily be equal to CAI share price now as expecting the gold price to rise over time. DR’s own investment in both KRS & CAI I believe could well be long term too - with underground mining after an open pit start this should be good long term investment.
Fantastic! Dave & the team have done a really professional job there.
My favourite point is that the underground comes in at 3.1g/tonne so it looks like hopefully the deeper we go the grade should improve. There could be loads of gold waiting under the granite plates for us to find! GLA
Hi Chirpy! Yes, still here & smiling. I see Basel lll will recognise gold as a tier one asset equal to money from end March, but what would you rather gold or a worthless note ! Still maybe now we will see gold show its true value ^^^ !!
Hi PC. I really feel the SP hasn’t moved because they’ve been manipulating (holding back) the gold price to keep the dollar looking stronger than it really is (frightening people off, & it’s obviously been working). SP is most likely to move some when we get the resource upgrade - I think it’s going to be bigger than most are expecting. Time will tell, but I think real steady progress is being made. Gold is the safe haven. Will be good to get feedback from Togo soon too. IMO. GLA!
DR in a recent interview was pretty adamant that he’s a mining engineer, he likes to build mines. So while I can’t see a few holes in the ground exciting anyone, a BIG hole in the ground, the noise & smell of a running mine, with dumper trucks running everywhere, I can imagine that would fire Dave up! As I expect the gold price to be going up for at least the next 2 years, who would want to be selling a valuable asset like Warrawoona? (Hoewever that doesn’t mean someone won’t make a takeover bid) GLA
And Monty - don’t forget the escrow period coming to an end! Then maybe the Ozzie’s will stop worrying about our performance shares . Also the 10 year contract for precious metals shorting gold has come to an end so maybe we will see the true price of gold start to come through but with the price so low i’m still buying at every opportunity and making the most of it! GLA