I went to the pdf Calm
https://staticcdn1.gowebcasting.com/documents/files/events/event_00003977_z927hAgN.pdf
View attachment 6463878Florian Grummes is clearly very comprehensive although I was a bit overwhelmed at the 43 pages .
The main thing to know - for me and, I guess for other investors like me (for whom gold stocks are not a passion) - is
that Spartan is in the right place at the right time.
I joke about superstition and wizardry, but there is actually a REAL magic in this company for me - that the sow’s ear that was GCY has literally turned to a silk purse, and that I have a useful amount of coin in that purse at a low average price - and so my main holding is now playing with almost a 300% return.
-This is cause for wonder to me, and also for increasing confidence as big new players like Ramelius come to the party and cement my (comparatively tiny) holding deeper and deeper into the bedrock of this company.
If the gold price falls or Spartan is ‘wounded ‘ in some way, then, right now, I am looking at the line in the sand at $1.305 drawn by
@Saragian ( whom I follow with a strong degree of trust ) for indications that the ‘canary in the coal mine’ may not be singing as healthy a song as it might .
But I am more an adventurer than a trader Calm - and right now for all the ‘banter’ and flippant comments I am also trusting Simon more and more, and as far as that canary goes - well through Simon’s leadership, this unexpected SPR munificence - has made me feel that ought of good fortune and long held hopes I am suddenly become the cat who swallowed it .
Once again, thanks for the reminder of that deep dive into gold and the link.
I remember reading how Australia sold two thirds of its’ billion for $450 an ounce netting $2.4billion .
And Livewire markets published a report in May 2018
saying there was just 80 tonnes left back back then -mostly stored in the UK .
https://www.livewiremarkets.com/rai...BC-Bullion-Make-Australia-Gold-Again-01-3.pdf…And I am aghast, and hope that the government has been building up its’ coffers since then because - even though I don’t do maths awfully well, and even though this rising gold
price may back track at some stage, and even despite my flippancy here it seems to me having shares in a gold mine with great reserves and hopeful prospects is an incredibly wonderful turn of events for me based on history alone .
cheers
(20min delay)