I realise this sounds so stupid , but what is IRC an acronymn for?
I know people keep saying that gold prices have no effect on POG but of course they do, American markets just opened and gold surges fouur dollars in the right direction.
Naive indeed , price has fallen again almost as I posted
The gold price rise just before the USA markets open is weird as Janet Yellen is giving a speech today regarding an interest rate rise in the dollar. Now naive me would have thought that if the rise was imminent then people would be selling before the price of gold fell? But hey what do I know,
Another question is assuming the vote on the 16th February is yes how long does one have to decide on taking up the rights issue?
Hello folks. I received my almost shabby looking rights issue vote today and have now voted yes via my broker. Here's my question though. I have 17000 shares and I believe at 157-1 that gives me a rights option of around 200,000.00 shares at 13 grand. Now a couple of questions: I don't fancy throwing another 13 thousand quid at this thing as the rewards and disaster potential is enormous. So if I do nothing and sell my rights issue I take it my current 17 thousand shares just stay the same and get diluted or am I offered 157 new shares for every current share I own?
You also have to ask is Hambro a canny operator but how is is that qualified, I mean is he still in the game or is now pog in the hands of who knows who. If the share price drops to nought what happens-is that the end, but if it is what happens to the actual mine which is still producing gold well below the asking price.
I haven't posted for possibly a year, but I have to ask is pog actually still there? it seems like its a mirage and will evaporate as soon as you blink. s it still producing gold well below the asking price -so what's the problem-the debt?
This really is a car crash in slow motion,time to accept loss, in for ISA 17000.00 shares . Only hope is that it will survive but I really can't see it. It seems to be evaporating before our very eyes. Quite depressing really.