Jadestone Energy Share Discussion Threads

[winnet] 08/9/2023 08:53

Yet, we're all happy with the overtly corrupt government we have now, crumbling public service propped up by profiteering firms and sterling trading at multiples of what it used to. But no, lets bring up the 1970's to take a swipe at the unions... bizarre.

Oh, and lets have a go at Gordon Brown selling gold [great with hindsight], rather than the mad Tory party that crashed the pound a few months ago!

[sea7] 08/9/2023 08:53

Dubbed ‘Brown’s Bottom’

www.bullionbypost.co.uk/gold-news/2019/may/07/worst-deal-uk-history-20-years-brown-sold-britains-gold/

Originally intended to be a secret, the planned sale was brought up in a question for the Treasury in the House of Commons on Friday May 7th. The confirmation of intention from the Treasury subsequently alerted the gold market, and the gold price fell by $10 per ounce. There was also the issue of auctions; 17 were planned, suggesting that the UK Treasury did not expect the price to improve any time soon and were thus looking to hedge their bets and make multiple sales to maximise the money made.

The total sale of the gold bullion sold was $3.5 billion, at $275 per ounce average sale value. It is somewhat ironic that Gordon Brown’s attempts to make as much money as possible from a staggered sale resulted in over $100 million less for the gold compared to when the sale hadn’t been announced, but it’s damning just how much more that gold would have been worth further down the line. Gold was $921 per ounce early in May 2009, which would put the gold sold at $11.8 billion in value - $8.3 billion more than Brown got. The 20-year price rise is worse still, with gold currently at $1,279 per ounce. This would make the gold bullion worth $16.4 billion - $12.9 billion more than was received in 1999.

[sea7] 08/9/2023 08:48

it certainly was FB - the winter of discontent

it began with Tensions dating back to 1974, when the Labour Party won the October general election with a narrow majority, with its manifesto Getting Britain Back to Work. This manifesto promised a new round of nationalisation; settlement of the miners’ wage claims; and a new arrangement with the trade unions called the ‘Social Contract’.

[fardels bear] 08/9/2023 08:42

I'm clearly not talking about PIE.

[fardels bear] 08/9/2023 08:41

The country was being held to ransom by greedy unions. There will always be examples of personal greed and both individual and collective stupidity. Of the two options available at the time one felt like going forward and the other very much backwards.

[sea7] 08/9/2023 08:39

badger- the PIE were the nadir of this country - the fact that these s cumbags had been facilitated by the hand wringing do gooding lefties, enabled them to obtain positions of power and then they tried to normalise and legalise their behaviour, by reducing the legal age of consent to pre teen levels.

utter filth that infected the state at the highest levels - the one question on some peoples lips at the time was..

"what was the stand up row that Jimmy Saville and prince phillip were seen having, about and how did a lowly DJ manage to have unfettered access to the upper echelons of the british monarchy?"

[winnet] 08/9/2023 08:36

Yes, but it was like dropping a nuclear bomb on the entire public sector. Anyone remember Sir Iain Vallance, from BT? The 1st "pound a minute" man? Or perhaps Cedric "the pig" Brown who had his snout in the trough at British Gas. I recall a shareholder group took a live pig to the AGM to make their point!

[fardels bear] 08/9/2023 08:21

Something had to happen though, Ian.. we couldn't have carried on like we were at the end of the seventies.

[croasdalelfc] 08/9/2023 08:17

Funny how millions viewed Thatcher as a witch - but London bond traders loved her - funny that

[s34icknote] 08/9/2023 08:12

Thatcher sold off all our national treasures such as utilities railways bt Every thing we owned is now on foreign ownership !! Thames water what a great way to go !! 14bn in debt !!

[lord gnome] 08/9/2023 08:08

There you are badger. Those nasty MMS have given you back your halfpenny.

[fardels bear] 08/9/2023 07:49

I meant I've never seen any.

[badger60] 08/9/2023 04:47

FB
What you've written here doesn't make any sense. If you've seen so many examples of mm manipulation, how can't they exist?

"I've seen so many examples of MM manipulation over my 20 years on these markets that I'm prepared to bet they don't exist".

[badger60] 08/9/2023 02:02

chessman2Don't worry, I'm only letting off a bit of steam, and thanks for your concern. I know, like you do, which way that this is headed.....and it ain't down.....;+)

[chessman2] 07/9/2023 23:44

b60, I assume you now reside in sunnier climes.

Please don't get too concerned about your investment here as it should continue heading in a northerly direction.

Perhaps start ramping it when 50p is hit!!

[lord gnome] 07/9/2023 20:23

FFS Badger! You are a conspiracy theorist par excellence. Do you really think that MMs have got nothing better to occupy their minds than to think up ways to deprive you of a halfpenny at close of play? It's just the way the market works. The only prices that matter are what you pay when you buy and what you get when you sell. Get a grip. And while you're at it, stop spamming the thread with rubbish.

[fardels bear] 07/9/2023 20:18

I've seen so many examples of MM manipulation over my 20 years on these markets that I'm prepared to bet they don't exist. Traders now, they are always trying to manipulate the market.

[badger60] 07/9/2023 18:34

FBYes it is. I've Just checked my account and they've valued my holding at 38pps.....ie the closing price. It's the mm deception that annoys me. It should be mid mkt closing bid to offer which is circa 38.85PPS.Even the last trade was 100k at 99p, the one before for peanuts was a sale at 38p, on which the closing price was based.........both of these were after hours trades. Mm window dressing to try and suppress the share price I spent long enough dealing in investment banking to recognise most of the tricks......used to do it myself (mainly in bond trading).

[fardels bear] 07/9/2023 18:11

It's just the crossing price from the final auction. Nothing to get steamed up about.

[chessman2] 07/9/2023 17:08

B60, if it's any consolation I'm confident we will hit 40p tomorrow.

Once there we will continue on an upward trend!!

[badger60] 07/9/2023 16:56

FFS just hold on to your stock......the MMS can't magic it out of nowhere and market forces will prevail. Considering the bril RNS today, and "high volume" (ahem), the share price action and closing price have been totally manipulated. We should have seen at least 40 PPS today ,imo, and stayed there.