I've been in an out of Russian / Georgian mining and learnt my lesson and steer clear now, anyway C-19 us just a passing thing and will soon be forgotten about once its burnt itself out regardless of whether or not millions die.
Been in and out of this for years and years26 Mar 2020 12:28
Looks like I made a mistake getting out on the last occasion. KS interview, apart from the Covid cloud hanging over everyone sounds really impressive. Particularly paying off the loan so soon. Cash is king so future looks good. Maybe I'll go back in but investing in gold shares requires a lot of patience especially in such a expro setup. GLA might join you again later on.
All this hysteria over an article which states the b*******g obvious and anyone who thinks this is news shouldn't be in this share. We've known all this for quite some time. Why would GH put a few quid into it near the bottom of its recent CV scare cycle?
despite all the avoidance of the fact. Now that global supply side of the world economy is faltering and will soon be felt price inflation is inevitable and we all know what that means. Printing money will just ratchet up this effect anyway and the greenback may well not be the safe haven that it has been in recent past. Sentiment is all.
Yorkshire - No great love for SS but just remember gold mining is (often) less fraught and expensive than drilling oil wells. One oil well can cost $millions to drill even without complications. To raise that sort of cash you need to be 'economical with the truth 1
Relevance of UK/US financial rescue18 Mar 2020 08:20
means in shorter term some debt relief to keep business and jobs afloat. Assuming covid will still be with us through the summer (and that is by no means sure) longer term government debt and effective devaluation of currencies by 'printing money' and we all know where that ultimately leads. Inflation pure and simple, too much money chasing too few goods. Inevitable given escalating supply problems.
As consumer goods and food supply shortages develop prices will rise and inflation will rise. This virus panic isn't a 7 day wonder so the gold price potential rise is really significant. Deflation is not the danger now, its inflation.
I would have thought today's RNS is clear - just 'one off' plus similar payment when site becomes operational plus fees for technical engineering and maintenance. Would have thought a lower annual licence fee was required but then who are we to say. Perhaps the rules will change once more DMGs are built. I guess they are up against existing inefficient facilities that have already been contracted which cash strapped councils (the main customers in UK who ultimately pay for the facility) cannot just abandon.
Despite many years of gold being underrated during which the US dollar was for a time a 'safe haven' just on the basis of a finite quantity of gold being available once demand outstrips supply it is inevitable that gold price will 'go through the roof' . Whether this will happen as a result of coronavirus is debatable. Once confidence goes out of currencies and the global economy it is inevitable that gold price will continue upwards. Still a gamble even at these prices but becoming less and less as panic spreads.