Disclosure: Financial Investigative Media Limited, which is not owned by Tom Winnifrith but by a trust for his dependants, owns shares in companies mentioned in this article. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
We own shares in this one so I popped along to hear Peter Hambro of Petropavlovsk (POG) present in person. The Sunday Times reports that today some Russian has built a 20% stake and might bid. I hope not as I see these shares at 19p within three years - they are 6.4p today and a buy.
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Comments
BobbyChariot
Interesting that this guy talks of serious manipulation in the gold market – I’ve been saying this for a while but nobody cares (or thinks that I am a lunatic).
alcira16247
After two years firefighting to save his company, withstanding pressure that would have broken any lessor man, Peter Hambro, has chosen to come out fighting and brilliantly presenting the investment case for Petropavlovsk and gold generally. Subjects the man clearly loves and understands.
A measure of his success can be judged by the tremendous institutional support the company has gathered since its Phoenix like reincarnation. A testimony to their belief in the calibre of management and the companies world class assets.
1.NYMEX COMEX market, the biggest crooked casino in the world! Sooner rather than latter as Mr Hambro alluded to, this whole rotten edifice is going to crumble.
2. Executive Order 6102 is a United States presidential executive order signed on April 5, 1933, by President Franklin D. Roosevelt. And watch the same thing happen again. once the valueless fiat currencies and the corrupt financial instruments of the worlds Central Banks collapse.
There is a reason why the Chinese are grabbing over 80% of the worlds physical gold …….. and its just not cos its shiny!