Member Info for tintin35

As the coronavirus pandemic causes havoc in economies around the world, interest rates circle around zero and fears continue about economic trade wars, there is one investment that is prospering - gold.

The precious metal has seen record highs this year prompted by a surge in interest from investors – both individuals and institutions – looking for a stable place for their cash as governments grapple to bring in post-pandemic recoveries while exiting lockdowns, and the prospect of a recession looms large.
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Long seen as a “safe haven” asset, the value of gold has doubled over the last decade and is currently at just over £1,400 an ounce, just below the all-time high recorded in May at the peak of lockdown.

“Why? Because basically gold does well when other stuff does badly in the historical sweep of things,” says Adrian Ash, director of research at BullionVault, an online trading platform for precious metals.

https://www.theguardian.com/money/2020/jul/12/precious-metal-the-gold-standard-investment-when-a-crisis-hits

I suspect there will be a few buyers in the last minutes to avoid losing out on a Monday rns....

1.6p -can't resist the commentary

1.58p now - woooosh....

wooohooo!

we were over 2p - long way to go yet

is back in profit - anyone expecting more misery from him today?

done - 1.44p paid

25% up on relatively small amount of trade (10mil?) imagine when the Big volume comes in.... :)

1.4p broken

crashed through 1.3p - now 1.343p......

1.285p paid - c'mon kefi - make my day!

looking good today - significant buys - hoping to get back to 1.3p minimum today - excitement rising in anticipation of Saudi results (should be 1.5p by then)

lol

Ladbrokes don't own horses in a race - probably illegal as they could influence the outcome by making the horse go faster or slower - spreadex is just a betting shop for shares - but they can invest in the companies and influence the outcome by buying and selling small amounts to influence the outcome - pretty outrageous when you think about it.....

...2 days of rises the SP is holding up well, normally expect to see some profit taking. Should mean we are in a better position when the big news comes in about Saudi. Does anyone honestly think it's going to be bad news? If not, time to get in...

I've been in plenty of shares where the placing has been higher than the SP, so desperate are the new investors to get in....

In order to support and preserve cash for the Company's drilling operations the Company's directors have agreed to subscribe for a total of 8,938,570 ordinary shares in the Company ("Consideration Shares") in lieu of a combination of accumulated pay, deferred pay and expenses.



Accordingly, the Company is pleased to announce the following directors will be allotted shares at 3.2p per share, being a premium of 5.3% to the 5 day volume weighted average mid-market price at the close of business on 6 July 2020.

oops - "volume is back to what it was"