George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
It wouldn't hurt JA to simply communicate with shareholders, this kind of long arrogant silence really ps me off. We are part owners of the company and as such we are entitled to be kept updated. It doesn't have to be an RNS, it doesn't have to be fireworks but it does need to be honest updates and communication.
The assets here are potentially fantastic, management are rather less so. If management isn't open and reliable then the whole investment case is called into question.
Thanks for the replies chaps, no-one has highlighted any hidden skeletons so I am reassured that my initial positive opinion was accurate.
Every now and then one stumbles across an investment opportunity that just seems too good to be true. If I can spot the opportunity then why can't the wider market?
Perhaps I am an investment genius. I like that idea. Anyway I'm going to follow my hunch and buy in for what I think could be a profitable and exciting ride.
Have been doing a bit of research into Orosur and everything looks great, perhaps a little too great. Low market cap, Newmount deal, fantastic grades, great infrastructure so what am I missing?
I know the gold is at depth and Newmount will take 75 to 80% and so far there isn't a Jorc resource but all of that can be said about Ggp yet their market cap isn't far off a billion.
So come on, out with it, what am I overlooking?
"For our selves or if somebody else builds it". Mark's words at the end. I think Mark is derisking the project and getting it shovel ready but is also playing for time. I will be very surprised if we build this mine.
Centamin started off with a second-hand plant,I don't recall it being an issue. The fact that it is being sold doesn't mean that it is clapped out, more likely that the deposit has been exhausted. When it is reinstalled it will be refurbished and have many parts replaced and upgraded.
I would also recommend that you watch The Hidden Secrets Of Money by Mike Maloney. I think there are now 9 episodes and they are all incredibly informative and easy to understand.
He clearly takes apart money, currency, banking etc and the legalised criminality underpinning our financial system.
When TSHTF, which it is going to do in a big way, then if you don't hold it in your hand then you don't own it. Many companies will offer to sell you allocated gold and store it for you at a cost. I think that most of them sell the same gold many times over and collect many storage fees for each ounce. I read an article about it some time ago.
Buy it, take delivery and then store it outside of the banking system. That way you own it, it is yours come what may.
Atkinsons are very good, I and several friends have used them many times.
https://atkinsonsbullion.com
Things are going to get ugly, fortune favours the prepared.
Ziquarat, at least you aren't bitter about it.
These guys certainly don't sit around twiddling their thumbs!
More good news to follow I would think. Don't you just love this company?
I have been a precious metals bug for about 15years and am well aware that we are at the beginning of the next leg up in the secular bull market probably culminating in a mania phase with parabolic blow off. I have also looked at 100, 50, 20 year charts. On this occasion I looked at a 10 year chart and simply wondered if my observation was correct.
I don't know much about charts but would appreciate input from someone who does.
Have just been looking at a 10 year gold chart, to my untrained eye it looks as though it may be forming a cup and handle.
Can someone advise if that is so and if it is bullish? Thanks in advance.
A bit of a pullback and consolidation would be no bad thing at this point. There must be quite a few newbies sitting on 100/200% profit . Shaking out a few weak hands and providing a buying opportunity for new investors would create a firm base for the next big leg up.