RE:RE:Gold Price ?? Abcourt's Elder mine was a marginal operation with last year's lackluster price of gold. The political situation in the world, for most, still seemed, just a big yawn! And the much higher transportation costs to bring the ore to the SG mill, just didn't help!
Toll mining remains some hope, as a temporary measure, towards assisting in the company's present day financial survival.
But how many such operational possibilities like this, even exist? We as shareholders aren't privy to any such secrets.
But the current war situation, possibly effecting all of Europe, in the coming months and/or years will be extremely positive for the price of commodities like gold and silver. Other commodities such as food should also do well, as we all, do need to eat.
The sanctions against Russia will continue to be severe. And it will be difficult for the Russian people to depose Putin, even when most of them, finally become fully convinced, of the need.
As an autocrat, he has become firmly entrenched. The power of his domestic propaganda media is also convincing for many at home, as strange as this may seem to many of us. But he has been lying like this, for most of a life time.
This sociopath was very strictly raised and trained. Former KGB, he now believes that he is smarter than Lenin or any of the great revolutionary leaders of the past. (He has an ego the size of an expanding bubble)
Past Russian leaders, as thoughtful and fair as revolutionary and visionary men usually are, apparently, according to Putin, made a terrible mistake by granting the Ukraine, status as an independant state.
This genius Putin now claims Ukrainians are just the same as all other Russians. According to him, they are no different at all!
According to Putin, Ukraine, though having a democratically elected body, has a leadership consisting of drug dealers, thugs and Neo-Nazi sympathizers. Even their leader, apparently is one of these so-called 'low lifes'.
But doesn't this most righteous man, Volodymyr Oleksandrovych Zelenskyy, also happen to be Jewish?
Should a nation with hopes for future greatness, like Russia, also be led by a liar and a fool like Putin?
What's so hard to understand about Putin's stand and actions? His statements are absurd!
Why shouldn't the Ukrainian people welcome his military occupation with large, open and greatful arms!
Should they not also spread roses and laurels at their feet to welcome their Russian brothers, now that all Ukrainians will all soon be back, again into the fold? And soon, they will also become comrades at arms for their next, synergistic, great leap forward!
So why have the Ukrainian people been resisting so fiercely? Perhaps, could Putin be wrong? Or does a liar finally now look, completely like a fool!
He hasn't stopped his advance nor has he sued for peace because of his obvious mistaken belief.
Or can he no longer justify any of his actions on any world stage that recognizes legitimacy of any real kind?
Someone has been asleep, at his switch, as the world passed him by! Now he awakes, and what a surprise, greets him now!
As his domestic supplies diminish due to the continuing sanctions imposed upon him by the West, he will likely seek replenishment from his apparent Chinese ally that still hopes, to profit, from this, most profound, and present mistake.
Actions have consequences. The Chinese are smarter than him. Of course, they will not accept the devaluating Russian Rubles as payment. And how much of a domestic reserve of Chinese currency do they actually have?
Instead they will likely accept the plentiful supply of domestic gold in reserve, as long as it lasts, (the foreign gold miners are leaving) as payment. Why not take, whatever has value, from a fool!
Foreign Russian financial assets have been frozen so they cannot access them to act as payment for any goods or services. That would include any foreign reserves of gold that they still hold. That would be a considerable amount of precious metal content, now taken off the market!
It may also take consider time for the Russians to build a new pipeline to supply more energy to the Chinese domestic market. So for now, their gold will have to do as payment. The Russians already have been supplying natural gas in limited quantities to the Chinese market since 2019 by the 'Power of Siberia' pipeline and by liquified natural gas exports. But plans were signed for a new gas pipeline to supply a secondary source of natural gas with a 30 year contractual obligation to be settled in Euros. Funds can't be settled that way now. Without Euros available to settle all contracts, what else besides gold, would the Chinese accept as payment? Perhaps an awkward and hard to price, barter system, energy supplies for goods and services, might be used? Is that a likely scenario? How could that be figured out?
Would the Chinese accept bitcoin? This seems very unlikely since China has so recently suppressed the active 'mining' and proliferation of such financial block chain activities which they so mistrust.
They now have a very suspicious impression of those whom achieve personal financial success in their nation. That hardly bodes well for the future of their longer term domestic economic system. They want to maintain the original communist ideology that all the population should share equally in the rich returns from their nation. Capitalism left that idea behind long ago because it just doesn't work.
Don't invest money there! But I digress.
Can Russia's domestic gold supply last long enough, to let them, just get by? And aren't the foreign oil companies also leaving? And who will build the Russian pipeline in a timely fashion? And what bank may fund or settle their operational costs?
With the Ruble as well as the fiat currencies of many former Eastern block nations bordering on Russia or the nearby Ukraine rapidly diminishing in value, inflationary pressures on their paper currencies are becoming very severe.
With this ever present danger to personal and national wealth, it would be expedient and timely, to protect one's assets, accumulated over the course of a life time, by buying gold.
And the best time to buy in, at the beginning of this longer term crisis, is right now!
Putin is not going away. He appears to relish his ability to intimidate the West with his immense nuclear arsenal of mass destructive weaponry. In the beginning, perhaps he will only use one or two at a time, but only to intimidate a little. He believes that the West is afraid of his unpredictability.
He feels that the West is full of fear and weakness! They are ill prepared by behaving like 'poor actors' hiding in the shadows, just behind the stage. In his mind, now may be the best time to make his biggest and most provocative moves!
In the West, despite the current circumstances, many believe there still remains hope. They wish not to be asked to perform tonight or any time in the future!
The consequences of acting decisively and directly could be catastrophic. But what are the consequences of not acting at all?
The cost of their failure could be their jobs or the dreams of their audience if they are shattered when they fail to deliver on their performance. Who can clean the mess, if one is left behind?
What is this inexperienced or inept group of players supposed to do?
Now they have been lit up, they don't much like the limelight!
Such has been the sleep that the West, but especially Europe, has enjoyed the most. What a slumber, it has been!
They don't remember the past or what to do, now that the crisis alarm, has finally gone off!
Putin, the 'worst' actor on the world stage prefers to take a few small bites at a time. But later he swallows in massive-sized gulps. So now to impress his audience, he comes out charging like a bear! But is this what his domestic audience, really wants to see? What will be the consequences for the homeland, from such an aggressive act?
Europe and Nato had better be ready. With an unpredictable actor, now on center stage, who in the world, now really believes, that he is only a pretender?
His act has now been formally announced as real. The Ukrainain people have seen this most profound liar, in action, to their most painful dismay and utter distain!
He is a hated man and will have a price on his head! He can never leave home.
A war criminal has no other refuge. And he will eventually fall when his apparent grace has finally been taken, fully away from him.
His goal is to increase the greater glory of the Russia. Or is it, just to increase his personal wealth and that of his friends and the secret police who support and keep him in power?
You be the judge of that!
With respect to Abcourt Mines, they will likely ride the coat tails of this spiking price of gold. Even this inept manage team, constantly seeking excuses for failure, could eventually succeed!
Given this current unusual world economic and political situation, Abcourt can become a much more successful and profitable gold producer.
So hold tight to your shares! They may seem cheap, a year from now. That is the expectation and our best hope as investors!
If Abcourt Mines can access Sleeping Giant ore bodies and soon, this company's shares should rally hard, on the news. What's not to like with high grade ore at today's and future gold prices, on the way up!
And if we don't face the fateful blasts of themo-nuclear war, but only the fear of their threat, we as shareholders, should experience considerable paper gain.
But when these new dollars do become available, buy any useful property, gold, silver or other valuable commodity that you may choose to buy!
Inflation takes its toll, when worthless paper money, finally reaches your shores.
And you can be sure, just like war, this ugliest head of inflation, will eventually seek you out!
Fear is a great motivator to seek a timely solution.
On that optimistic note, I wish you, much good fortune in the coming days ahead!
If we survive, we should do remarkably well!
Hold fast to our hope or for some blessing from above that the Ukrainian people, just didn't get!
Every good deed may be rewarded.
A pattern of bad behavior should be reprimanded, and most severely!
It is done in the heavens above. So should it be done, in the world of men!
All the best Java