Hi Spec and guys, I'm glad you did well on DRM mate and hope you...

Hi Spec and guys,

I'm glad you did well on DRM mate and hope you are all good.

We've been in a few dogs together over the years haven't we

I think that the terms offered by MACA reflect BDR's cash situation and the pragmatism that MACA know they simply can't get a prompt 'full and final' payment from BDR, otherwise I think that they would have taken it.

I'd recommend a very good interview with Luke Gromen (LT structural USD bear) on macrovoices.com this week where he outlines a tactical USD bullish thesis. It is certainly worth listening too and contemplating his viewpoint ... especially so for gold investors, given the negative correlation between the two, and even more so for investors in troubled gold miners where a potential fall in the gold price (due to a short squeeze in USD) could prove terminal.

I have no idea what will happen re gold/ USD in the ST, but just FYI.

Cheers
John