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Main Discussion Forum :: Re: Crisis Images :: Reply by fitkid

no_email@example.com (fitkid) — Sun, 20 May 2012 15:03:33 GMT

Correct
But like Mcdonalds have got ronald.
The ARCHITECTS have got Elizabeth Alexandra Mary Saxe-Coburg-Gotha.

Main Discussion Forum :: Re: Crisis Images :: Reply by id5

no_email@example.com (id5) — Sun, 20 May 2012 15:25:05 GMT

fitkid wrote:Correct
But like Mcdonalds have got ronald.
The ARCHITECTS have got Elizabeth Alexandra Mary Saxe-Coburg-Gotha.

So you mean that Queenie is a poster child that you would rather just not look at

Main Discussion Forum :: Re: Crisis Images :: Reply by Pixel8r

no_email@example.com (Pixel8r) — Sun, 20 May 2012 17:46:54 GMT

fitkid wrote:

I am far from what could be considered a royalist but this graphic is misleading.

Royal wedding: How rich is the Queen, and what does she really own?

By Robert Verkaik and Arifa Akbar | Friday, 29 April 2011

An analysis of the Queen's wealth shows that she holds assets worth £17bn in trust for the nation.

But access to these treasures is restricted by hundreds of years of obfuscation over what the Queen owns as sovereign and what belongs to her as Elizabeth Windsor...

Main Discussion Forum :: Re: Music Videos :: Reply by triple-agent

no_email@example.com (triple-agent) — Sun, 20 May 2012 18:47:58 GMT

Video from : www.youtube.com

and now for some drum and (double) bass

Video from : www.youtube.com

Expert Excerpts :: Re: Detlev Schlichter :: Reply by azazel

no_email@example.com (azazel) — Sun, 20 May 2012 11:50:15 GMT

By abandoning the gold standard we embraced monetary central planning, chaos

"Gold means consumer power and banking discipline. The official demonetization of gold has severed the link between depositor as banking consumer and ultimate regulator of banking activity and the bankers. The banker is no longer at the mercy of a risk-averse depositor who funds the banker’s business but can demand repayment in gold. The banker does not have to explain the soundness of his operations to the public."

http://papermoneycollapse.com/2012/05/b ... ing-chaos/

Great new article by Detlev. This is the key point. We the people used to be the ultimate regulator of the bank, a power that has been stolen from us. We can take that back by storing wealth in precious metals and not the bankers fiat money.

Expert Excerpts :: Re: The Jonathan Davis Thread. :: Reply by Killer Bunny

no_email@example.com (Killer Bunny) — Sun, 20 May 2012 14:20:23 GMT

I don't have to - open your eyes.

That gold has fallen >20% is generally accepted as a bear mkt.

Look at DX. That is clearly a bull since May 2011. In fact it's been in a bottoming process since H2 2010 but these huge changes take time to develop.

Gold rallying now to 1600-1700 as $ consolidates then watch G die to sub 1400 (maybe sub 1300) as stocks fall sharply and PMs sold off to meet margin calls. Then reverse over the Winter then repeat. Eventually, from 2013/14, as $ then back into bear, LT, G to 3500 within a few years still on the cards.

Silver to be hit harder than G.

Expert Excerpts :: Re: The Jonathan Davis Thread. :: Reply by Pixel8r

no_email@example.com (Pixel8r) — Sun, 20 May 2012 17:23:21 GMT

Killer Bunny wrote:I don't have to - open your eyes.

That gold has fallen >20% is generally accepted as a bear mkt.

Look at DX. That is clearly a bull since May 2011. In fact it's been in a bottoming process since H2 2010 but these huge changes take time to develop.

Gold rallying now to 1600-1700 as $ consolidates then watch G die to sub 1400 (maybe sub 1300) as stocks fall sharply and PMs sold off to meet margin calls. Then reverse over the Winter then repeat. Eventually, from 2013/14, as $ then back into bear, LT, G to 3500 within a few years still on the cards.

Silver to be hit harder than G.

My eyes are wide open and I don't see a bear market in gold. This graph is about the most bullish I have seen in my time of watching markets, how you can say that it is clearly in a bear market amazes me! I would call it a controlled retreat, pullbacks just give us time to buy more at cheaper prices. This correction hardly even registers don't you think? When you think about the engineered shakeouts caused the the rapid fire margin hikes and the amount of physical metal leaving their vaults it looks even more pathetic.

So what do you think is going to happen, following the G8 meeting this weekend, to stem the european bank runs and to stop another liquidation crisis and what effect do you think it will have on gold and the dollar? I doubt very much they will let there be another crisis like '08 after the Lehmans meltdown, they learnt their lesson then that the financial system is far to interconnected via derivatives to let any of the TBTF banks go. I think there will be more QE announced in one form or another, which will make people realise that holding fiat currencies is not the thing to do when they are being printed to oblivion, this will cause gold, silver & commodities to resume their longterm uptrends. As Jim Sinclair says the derivatives situation guarantees QE to infinity.

As I have said previously I am not a short term trader and am interested on being on the right side of major trends rather than short term movements. I would have thought that was the approach a wealth manger would take for his clients, rather than short term gains, but I guess there is more commission in moving money in and out of trades.

Mining Equity Investment :: Re: Medusa Mining (LSE:MML) :: Reply by JIMBOWEN

no_email@example.com (JIMBOWEN) — Sun, 20 May 2012 18:43:46 GMT

Medusa update

Hi All,

I also attended the MML presentation last Thursday and can only echo Plasybryn’s comments. Hearing Peter and Geoff talk just reinforced how much we have to look forward to as long term investors in MML. Regardless of what the share price does in the short term, I’m confident that they will be producing 400k/oz pa by 2016. Anoling will provide a useful source of ore to the Co-O mill and should ensure consistent production of 200k/oz pa. It was encouraging to hear that the dividend will be reviewed as soon as they have $250m cash in the bank (which will be mid 2014 based on $1500/oz gold). Re Bananghilig they are confident there is a lot more than 1m oz but want to get this into production and can then focus on expanding.

The government is reviewing the mining code and talk of increased taxes/royalties are overblown. It is more likely that the gov are trying to clamp down on illegal miners who are causing environmental damage.

70% of shareholders are institutions (35% are in US).

It’s well worth going to the presentation next Thursday to hear from the management if you can

Jim

This is also from another investor who attended....

I attended the Fairfax do yesterday with Geoff Davis (Chairman) & Peter Hepburn-Brown (MD). I have been an investor for at least 4 years so I know the story pretty well and am a die in wool fan of this great small mining company. If I went into yesterday's meeting feeling a little deflated by recent events, I came out even more bullish than usual on the prospects over the next 4 years. Without going into great detail, as some of you will join the Coy. next Thursday and Fairfax note has already been published, what I would say is that you have to keep reminding yourself what is coming.
By Q3 we will have the upgraded Bananghilig reserve announcement (c. 1m ozs). That triggers completion of the BFS which goes to the Govt by end of year. They grant permits 6/9 months later. But going back to Co-O the first critical milestone is completion of the Saga shaft by year end, which will enable them to extract higher quality ore, thereby reducing costs and upping production.
The "upgraded environmental clearance cert." for the enlarged mill should be announced in Q3/Q4. What is also important is that they hope to start production at Anoling by late next year (licence mid 2013). This will fed another 50,000 ozs into the Co-O mill and give them more flexibility. If they need to carry out repairs or upgrades they will be able to do so without jeopardising the 200,000 oz per year target. Everything remains on track to be self funded. Once the capex is accumulated for Bananghilig, then they will review the dividend policy (c. mid 2014). They also still intend to monetise the Copper reserve which they continue to drill out over the next 18 months. Some will fed into the Capex needs, but the rest will flow to shareholders. Two larger players have already shown interest, but Medusa will drill it out themselves to maximise returns. They have 9 copper targets!
Gold production costs remain around $250 failing to $210 after completion of Saga Shaft and then av. around $400 once the lower grade open pit mine (Bananghilig) is up and running mid 2015. Reading between the lines, there is so much mineralisation on their acreage that the future looks very bright for this well run, disciplined company. Summary: Low costs, 3 mines, 65000 ozs to 400,000ozs, exploration & copper, self funding, no debt, Fidelity a major holder, increasing dividend policy etc etc. No brainer IMO but DYOR.

Finally, here's a link to the Fairfax broker comments - they have a 610p price target

http://www.proactiveinvestors.co.uk/col ... -9388.html