All those Central Banks have not been accumulating gold these past few years for nowt.
At some point the gambling halls will run out of metal for physical delivery, then we should see an adjustment to real values. Apparently Silver is now short over 6 months of global production, so who, and why would some entity (JP Morgan) continue to play this game? Presumably to reduce costs in weapons manufacture.
In the meantime old man Conroy still living the dream! :¬) The blokes a legend. |
craftyspeculator.
I own stock in several "non-Producers" particularly those that already have
proven Gold ( currently barely - if at all valued !)
The Biggest Gold producers on the Planet,did not produce in their beginnings,so the Next Newmonts etc are out there.
When the Markets finally wake up to the huge undervalue of Producers,whether
Newmont - Agnico Eagle etc etc,that will eventually pass down to the "maybes".
I note that the UK Government is not going to tell the Public when they are forced
to Bail someone out ! (ouch )
Welcome to a coming reality in shock in 2025..................
IMHO |
lefrene,
You can stand for Delivery of Gold from the Comex Crime Casino,where for decades
its Bullion Bank Gangster Manipulators relied on there being so few that would.ie: Gold Fabricators.
Those that attempted to stand for an amount of Physical Gold they could not deliver were quietly cashed out.
Now of course that Game is up( ie currently The panicking Fed`s continued attempted shorts - as other Central Bank buyers are playing their game,and standing for large Tonnage Physical Delivery that the Comex is forced to supply due to (Basel 3 ).
However - Only “authorized participants” are able to redeem Physical Gold
from the GLD.
Just like the GLD for Gold (arguably " Fake Gold" ) is for all highly margined Players -any Bictoin Futures ETF,is the same.
Yet- IMHO the Bitcoin ETF will be used to send the price sky high and then
at some point - Crash !
Leverage,Leverage !!
I`d rather buy and Pay for- and sleep at night.
IMHO |
bs continues |
Repent The End Is Nigh ! |
richgit, the curious thing is that you can stand for delivery with gold and silver instruments, but how do you stand for delivery for Bitcoin? Where is it? Or would you only get fiat dollars? |
Well they have lasted a long time, and I fancy they might keep going a lot longer, they seem to be experts in prolonging a poor story and sucking in new investors who don't understand mining. |
Timberrrrrrrrrr !! |
I hope you are all watching your Gold/Silver stock picks.
Gold will in all probability shoot to $3000 by year end or soon after.
IMHO
Meanwhile..
Whilst many Bitcoiners,(not a holder Myself),will become the Super rich,all the ideas of Bitcoin being a limited supply is made a complete nonsense by the the Bitcoin ETF that is really controlling the Price of Buying and selling.
Thus they can create as Many Fake "paper" Bitcoins as they want to price it to the moon,and of course smash it down when it finally suits.
As has been the case for Years in "More Paper Gold and Silver " Traded than exists
Tier 1 status for Gold has now put a brake on that nonsense as "Paper Gold shorting" has become`the floundering Fed`s Bullion bank Gangsters Comex Casino Nightmare. !!
Smoke & Mirrors !! |
bscontinues |
More BS. There's already a large open pit gypsum mine in the same county. The point about uneconomic grades for underground mining is also BS as they haven't tested at depth. |
It is worthless as it will never come out the ground. At least that's what the market says. |
The market is virtually saying that half a million ounces of gold that you can mine with an open pit is worthless. Really? With gold at $2600/oz. |
Market cap new all time low. There are more valuable individual houses in their license area! |
riverfort debt is just the right kind of financing for this lot |
They have probably been talking to potential partners for about 6 months already. You don't know when someone might come forward with a JV offer. |
how else is he going to raise cash? debt is never going to be possible, any JV will be 6-12 months away, so the only way they can keep the lights on is via equity placing...the entire point in being a listed plc |
New interview, the recently appointed CEO is a breath of fresh air and concise, has good connections in the financial world, looking for either a JV partner (seems they are in discussions) or financial partners at project level to start a mine.
With the share price in the gutter he also suggests raising cash via equity is not the way forward. |
Sorry, where are those two JV offers today? Like everything else it's all best intentions, spin and over-optimism |
If I'd asked you back in 2019 if they would get 2 JV offers you would have laughed. Some people want it to fail. |
In this 1998 article (when, as a multi-millionaire, he was still looking for funding) he "sincerely" predicted the mine will open in 2002.
A Google search of Conroy Irish Independent will highlight false predictions upon false predictions each followed by placing upon placing, as the share price inexorably drops and drops and drops. |
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