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I�m sure the real reason why they are knocking gold so hard is because the US 10 year note is going well over 3% and with the stock markets on the point of falling over, all the central banks buying gold as fast as they can I am sure they are trying to keep everyone away from the obvious safe haven. IMO this is the right time to be buying as fast as we can.
With over 1000 views of the message with the video link on Hot Copper in 24 hours it shows just how much underlying interest there is in this operation. We just need them to put their hands in their pockets. We know there is shallow gold, be good to hear what the deep drilling is finding. GLA
On the US debt clock the real price of gold stands at $4729 an ounce if you look down in the bottom right hand corner, but three months ago it was $1000 an ounce higher than this price so with the dollar getting weaker as they print yet more more dollars how can the price of gold in relation get lower. Yes I certainly think markets are completely manipulated - on average the US dollar loses a dollar a working day to gold. I don�t know how much longer that can last ! Then maybe we shall see the true value of gold and then these shares should be worth a fortune!
We all know how time flies so should we be looking at new assets for KRS for the time after escrow? I keep hearing how undervalued most silver assets are at present so should this be the direction that we start to head in the future? Anyone with a crystal ball? If you want to buy silver or gold there is now 3 to 4 week wait so why is the price coming down when it should be going up?
The price of gold and silver is down but try and buy some - now 3 to 4 weeks delivery - does that add up to you? If supply is short, the prices should be rising. Better buy now, I think this stuff is going to be in demand!
It�s the time of the perfect storm for Shanta, with Deutsche Bank having had 3 years of losses which will only be worse next year with its dodgy derivatives & the collapse of the currency in Venezuela. It will get some knees shaking in the financial world and send people to the safehaven of Gold. In the US on the US Debt calculator the dollar is losing on average a dollar a day to gold, the dollar�s days must be numbered. This again must be good for gold and gold miners at a time when we are coming into profit and looking forward to the beginning of dividends. I�m looking to a price this time next year in my opinion of 15p
So, while waiting for results, what is a man to do? I�ve done some quick calculations over the 60 km of strike at a minimum width of 25 m and depth of 150m at 2.5 tonnes to the meter with a grade of just half a gram (0.5g) per tonne and you�re already at +9,000,000 ounces. We know we�ve got greater width (more like 50m) we know we�re open at depth in excess of 150m, wherever we�ve looked so far and bonanza grades in some places. We haven�t started looking at Marble Bar, or added in any possibility of conglomerate either. So the figure I�ve got in my head and it is only my opinion is between 10 to 15,000,000 ounces long term Time will tell !
Shares are nothing to do with the company. Shares will only go down if people sell them, they are just a way of raising money for the company. If you look at GGP they haven�t got an ounce of gold in a resource but the share price is far higher than ours, it is only perceived value. So don�t sell your shares they shouldnt go down ! Our current share price does not reflect our true value, ie. the value of Calidus to Keras. That is why they are such a good buy.
To be able to buy this quality of share at this price is ridiculous today for �1400 I bought a third of a million shares which if the analysts are correct should be worth �7000 as a bonus in 14 months time and still have my third of a million shares which will probably be worth as much as I paid for them ! Just makes me want to keep buying more but more important I had fresh radishes and a pint now am ready for tea
With talk of �14 million profit potentially in the next year talk on dividends has got to follow ! It has also got to be good for the share price and another small buy from me today but I still want to buy lots more !!
Been keeping our end up on Hot Copper - feel free to pop on over and pay your respects !! And another small buy while the prices are low don�t think they�ll be down there for much longer . It will be nice to see some results coming through soon. People will start to realise how much gold we really are sitting on. I believe it is gonna be huge.
Yes Pinecone, and Novo also now own Talga Talga. Look at the grades on figure 5, page 45 - up to 66, 77 and 87 g per tonne, let�s hope that spreads into the hectares Calidus has applied for licence on. And I like the look of 66.5 g per tonne in the 6km just above the Klondyke extension - potentially big numbers for us down there too.
I can see no reason why the gold price shouldn�t keep going up at the same rate as it has been doing for the last three years if anything the chances are it will go off even faster. If that were the case it would give an extra 4 to 6 million a year which could easily be given as dividend !
Thanks Dunk also 4.6 million CAI traded last night, twice normal so the word is getting out there, Also another good point and I think one we are all missing originally we were talking of a strike length of 12 1/2 km now we talking a strike length of 60 km a massive difference ! That could be one BIG pit
Yes Chirpy, & for Calidus in a nutshell,check out the Pilbara report earlier this week https://hotcopper.com.au/attachments/1dcn02j-20180405-pilbara-playbook-1-pdf.1050295/ and tomat02 put it into context for Keras So, thinking in specie distribution from this, if CAI value is AUD 0.11 - 0.15 per share & if for every 1,000,000 KRS shares we hold approx 320,000 CAI shares, at average of 0.13 AUD that makes AUD 41,600 per 1,000,000 KRS shares. At exchange rate today that is GBP 22,628 per 1,000,000 KRS shares....... and with more drilling results imminent..... GO GO GO Looks good now, but with gold on the upward move and yet more drilling to come IMHO the potential is massive.
http://www.investi.com.au/api/announcements/cai/55beeadb-1a7.pdf Yet more good news & rising gold price too