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@KevinS @jayfire Yea need to sooth it somehow :)
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@FundamentalAnalysis @kevinS Yeh those series are actually very good. I watched the lectures (mining college) - 6 parts (about 8hours or so or information), and a couple of the ore deposit 101 vids.......there is a mining handbook 101 book which I'll attempt to read at some point. Although right now just want to focus on which companies to buy.....that trumps all plus I'm winding down my investments in other sectors all these dividends players just want to dump them incase these gold companies really get crazy oversold in the way marin katusa talks about them.....I still believe in holding a large chunk about 30-40% in cash/physical metals (I want to be ready for a wider market sell off whenever that happens).
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@MiningBookGuy @fundamentalanalysis #thecurseofcash - it's really not worth my time to read more (I did check his very very brief bits on gold). Basically, it's disinformation, similar to what we've heard from Larry summers or Alan Greenspan in the past. One of the biggest oversights is how fundamental $100 USD bills are to countries far and wide, more so than any other currency or even golf in many places. I am completely unimpressed with the message in this book, but would gladly discuss if other people got value out of it. It just reinforces the importance of gold, and why any form of physical money matters. #mbgtrends
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@Jayfire #theblessingofcash your best friend in a downmarket... but what's that? Nobody knows anymore equities and real estate only go up!
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@KevinS @miningbookguy dry is an understatement. Think I'm retaining about 2% of this info, usually the more humorous terms such as vuggy quartz :D
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@KevinS @fundamentalanalysis where u get the mining handbook 101? Yea this whole cash thing is restricting me. I've a bunch of of Alterra that I'd love to have a bit of a rally so I can cover cost free some cash up. Wonder if clean energy stocks will be crash in a downturn or if they'd be seen as a safe(ish) haven?
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@FundamentalAnalysis @miningBookGuy I got value out of it, because putting my government hat on, I actually believe there are so many ways I can control the public and do so effectively. the war on cash is still in place....it hasn't disappeared...but when I look at India IF they are successful that is going to send out a strong message to the rest of the world. India needed it, due to the mass corruption and tax evasion, the west don't....but as a central bank/government official I would find ways to implement it and to do so in co-ordination with the other G20 members....so we could unanimously do a controlled demolition of cash !!!! I found the book useful only because the proposals are potentially realistic....so very bad for us"!!!......If I recall I think Ben Bernanke read the book and gave it a positive review. Obviously I can't stand the guy for dismissing gold, and driving people towards garbage fiat but hey that's the way the world is....trying talking to kardashians fans they don't know anything else but $$$ as money.
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@FundamentalAnalysis The best way to understand how the elite think is to read all their shit. There are actual IMF papers of SDR implementation, etc.... its available to the public to showcase what they are considering.....so this is important information that shouldn't be dimissed. You cannot plan as a long term investor/speculator if you can't assess the various scenarios of what government/central bankers/IMF could do in the future. #mbgtrends
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from @fundamentalanalysis,
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@FundamentalAnalysis @KevinS There is a link that @otto sent......he sent some PDF...its about 350pages but looked like very useful information. #mbgtrends
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from @fundamentalanalysis,
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@KevinS @fundamentalanalysis that's some Sun Tzu thinking u got there! I remember first learning about the fractional reserve banking system and trawling the imf etc websites too for obscure reports and it was a Matrix style shock to my system. Couldn't believe such alchemy exists and is largely unquestioned in our society. Preservation of such an exponential and unnatural system will require much more violations of civil liberties and banning cash is a major part of it. Funny that much of the general population seem to be unaware of the dangers of this. Principally that banks will no longer fear bank runs and can inflate fiat into oblivion
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@KevinS @fundamentalanalysis ok ill try find that handbook cheers
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@FundamentalAnalysis @KevinS As to renewable energy, I still hold Alterra, there is clear revenue visibility that's the positive, I looked into a lot of details for all the projects.....there were some which were FCF positive, but unfortunately some which weren't. Alterra will be a very slow mover based on fundamentals alone this is probably a 10year stock IMO, unless there is switch in sentiment which causes a sharp rise in the share price......Alterra needs to bring down debts but also more importantly to bring down the cost of debts. It's just too high at the moment. The only argument I can make as to why Alterra is cheap (putting aside the growth potential)....is that a larger oil company could just buy out Alterra and refinance all the debts at much lower rates, making all the projects FCF positive.... or better they could just clear the debts entirely and they could then benefit from an excellent revenue stream going out 25-45years in many cases.......
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@FundamentalAnalysis Interesting day.....we are seeing weakness in the stocks compared to gold/silver prices....are we repeating what we saw quite recently......
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@KevinS Interesting theory on rise of crypto signaling crash https://youtu.be/V8Ny4P3jQqs+
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@Jayfire cryptos soaring, miners languishing... so it goes.
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@FundamentalAnalysis again back down.....this is getting ridiculous LOL......I am hopeful that destruction always leads to creation.....and I wouldn't rule out another 2016 H1 run up at some point, once all the speculators have been washed out and given up on the carnage that pursues...this isn't a pullback its straight up destruction like a consolidation or washout #mbgtrends.
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from #tgz,
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@FundamentalAnalysis should have been more patient but I bought some more $SSL........It just seems too low to just ignore, and don't want any regrets. You can wait and wait....but you wait too long you can actually miss the boat. Done that many times before :)
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@Jayfire @FundamentalAnalysis Nice buy, that's a good dip
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@FundamentalAnalysis @Jayfire Cheerz, I had 4.3CAD my magic number in mind....but I'm going to be buying $SSL all the way to zero, until the other juniors get smashed enough.....so i can buy them up over the next moth. This is a brutal pullback as a whole not just $SSL but most junior plays....we are either stuffed, or the comeback will be outstanding........
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@KevinS check out bitcoin search popularity on google trends. Lots of interest in Nigeria/Ghana of all places. Bit random.... https://trends.google.ie/trends/explore?q=%2Fm%2F05p0rrx #mbgtrends
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from #index,
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@Paul @FundamentalAnalysis - Hi. I'm buying SSL too but I can't get my head around this latest deal and why the market has to be 'warned' about it. As far as I can see they've bought quite a few percent of the shares in a spin out company. Is that right? Can you explain it short sentences please for the thickies in the audience.
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@Paul Well - Mason Resources Corp doesn't have it's own website yet but this seems the best outline - https://web.tmxmoney.com/company.php?qm_symbol=MNR - and by the looks of it SSL has bought 13% of it. Talk about not letting the dust settle.
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@Paul No - got it all wrong. $SSL is picking up all these shares and warrants as part of a holding it already owned. So - why the warning - unless it's another arbitrage opportunity.
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@FundamentalAnalysis Market is seriously confused, trying to go down, but gold is actually staying fairly constant, may do a mini pullback....but looks like $1200 and above is the level it wants to be. As long as that is the case, I have no issues buying the cheap juniors.
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@FundamentalAnalysis Another company $CGH.L which I just couldn't get my head around...also a not so great jurisdiction but heavy insider buying, new management etc..... has allowed company to make progress.....Kyrgystan if anyone is interested...... 6moz mostly refractory but 0.8moz is amenable to heap leach. Share price done well.....another one of those aim companies.
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@FundamentalAnalysis https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A - Great channel - adventures in finance podcasts are good.
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@Jayfire *New segment, recorded yesterday* Should you buy bitcoin or ethereum in 2017? @MiningBookGuy and @TheNextBigRush https://www.youtube.com/watch?v=Cipo5PiJ2qE+
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@Alan 'I think the top in bitcoin is very close. Very over bought and people think it's going to a million. I thought people were crazy saying gold at 10k! I'm even seeing network marketing groups popping up for it! The higher the price goes, the more competition and an increase in risk. Remember, buy low sell high. Be very careful if you think you are investing when what you're really doing is speculating. Some people are gonna have a religious experience. Nothing goes up forever....' I just posted this on Facebook. It's crazy! If this is what a bubble is like then I'm excited if one starts in the miners one day. People are willing to paying over $2500 for something I can't explain to a 5 year old. #bitcoin certainly has some value, clearly, but people think it can't go down!
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@FundamentalAnalysis @Paul You are correct in that $SSL has taken a big risk but in return, it gets quite honestly one of the best undeveloped gold/copper assets in term of margin in the world and it can double production for a small dilution. (Look at franco nevada and how it grew production past 9 years from 100k to 500+k, allowing share price to increase many multiples - this is what we want $SSL to do - ideally with as little risk as possible). If it pays off, imagine the upside at flat gold prices I would say thats a 75-100% increase just based on that alone, then we have 30% growth in $SSL production if you look at its projected growth (excluding hot maden)......I don't consider $SSL on any level as close to $FNV, $FNV assets are far better, have longer duration etc etc....but for all those business levels benefits you are paying a big price. From a cash flow basis I think $FNV only generated about 12x more then $SSL in 2016 but $ssl is currently about 1/24th of the valuation (excluding recent transaction). $SSL has greater torque to gold/silver/zinc etc price increases as it has some marginal assets i.e Hackett river etc......$ SSL has no way in moving forwards without taking some of these risks - I don't believe there are many financeable assets out there, $FNV has admitted that hence they are looking elsewhere like oil and gas, and $SSL knows that too, hence all the exploration deals being done, and monetizing currents assets. If a streamer/royalty company cannot find good assets there is a longer term problem, ....... Even brent cook talks about the "dearth of good quality assets" I'm hoping $SSL gets bought out one day by $FNV or something. #mbgtrends
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from @fundamentalanalysis,
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@FundamentalAnalysis @BrianBitcoinBull I dont think @Jayfire or @miningbookguy are haters, its more that they think the space has risen to quickly especially Ethereum so pullback is likely. They made a general case albeit like many including myself don't really know the ins and outs of what alt currencies are really about. My argument would be you cannot have a system where you have many many alt currencies rising forever rapidly (unless you actually believe fiat currencies worldwide are dying as quickly ), some altcoins will possibly be just pure crap and will become close to worthless. I even know of someone via someone else who was starting up a new alt coin - I cannot see how that can be any form of value, thats like saying tokens for games online has value. An Altcoin can only have value if it has the potential to become an alternative currency for transactional use, backed by confidence and ideally limited supply otherwise it has no real value. I don't know anything about Ethereum, but heard supply can increase which is worrying maybe you can educate us on why ethereum is a worthy altcoin. I have noticed for a while Bitcoin is gaining traction and have seen many companies/people actually accept bitcoin as a currency. I see that as aspect as a game changer, and strengthens the case should it continue. #mbgtrends
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from #bitcoin,
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@Vaughan @FundamentalAnalysis, here is a little snippet on etereum: Ethereum’s smart contracts use blockchain stored applications for contract negotiation and facilitation. The benefit of these contracts is that the blockchain provides a decentralized way to verify and enforce them. The decentralized aspect makes it incredibly difficult for fraud or censorship. Ethereum’s smart contracts aim to provide greater security than traditional contracts and bring down the associated costs.
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@FundamentalAnalysis @Vaughan Thanks ......so how could that make say ethereum coins itself valuable....the technology behind it appears to be. Does it have transactional use like Bitcoin does now with companies accepting it.
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@Vaughan i havent really checked out the crypto space, but have heard that ethereum is preferred by current big players (banks and such) for its verifiability and the ability to "make more". In that regard it seems akin to fiat currency ("oh no Im out, hold on, let me make some more") . Will start looking more closely
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@Vaughan buy as a metals man, i probably wont buy until there is a public (mining) vehicle for me to buy.
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@FundamentalAnalysis @Vaughan I don't like the idea more can be created for Ethereum, digital currency and you can create more.....sounds like a cashless society LOL
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@Vaughan I hear you @FundamentalAnalysis, and i imagine this is why banks are onboard. Its the same game all over again under the guise of something different. Brilliant really....
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@FundamentalAnalysis @Vaughan Absolutely, based on that I have no idea what the intrinsic value for Ethereum could be. At least for bitcoin we have a limit, and then if it becomes mainstream where you can transact with it, and its backed by confidence then bitcoin has value. For now most bitcoin holders aren't transacting with it (as in shopping)....they are using it as a speculative tool, and somewhat as a store of value, where the value is measured by $$$ (so they still think in terms of $$$). If it rises as fast as it does, I'm not sure people would want to spend it. Maybe it only becomes used for large transfers and not for everyday shopping/spending.... who knows....so then the question is how much value do we attribute to BTC knowing it could become the number 1 form of making transfers (Outside the system) around the world bit like a #dark pool. Whatever number you can attribute to that divided by the no of bitcoins in existence is the potential value. At the moment we have a $36bn dollar market.....
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@Jayfire Being skeptical of ANYTHING that is rising exponentially does not make one a hater @BrianBitcoinBull... That's way too simple and binary an accusation to make. It's no different when it comes to cryptos, internet stocks, gold/silver, lithium, etc... When an entire sector and EVERYTHING in it is going up seemingly everyday and all your friends, family, social media, Google trends, etc. are all up in arms clamoring about why you MUST GET IN NOW, it's an indicator to proceed with caution. I think all of us agree that blockchain/cryptos will ultimately succeed and have a key role to play in the future, but as we mentioned in the podcast, this is still VERY EARLY DAYS, just like the internet in the 90s... Not every single one of the alt. coins will make it and many will blow up and revert back to their intrinsic value of ZERO. Right now it looks like bitcoin and ethereum are good/safe bets, but nobody can say for certain what new technology and developments will be made next. Again, early days, so now is the time to do research and learn more... But chasing up hype as it reaches a fever pitch? That will hurt #newbies more times than not. And I don't care what asset it is that you're talking about. Eventually, when the hype subsides a bit, I'll probably take a swing and purchase some coins myself. Does that still make me a "hater"? LOL, I swear when it comes to investing/speculating if you're not a 100% bull on something, the diehards are just gonna wanna come after you like you're attacking their first born or something...
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@Paul @FundamentalAnalysis - Hi and thanks. You make an excellent case for $SSL doing what it has to do in a market where there a fewer easy pickings for streamers as producers have become more confident and less needy. A changed situation requires creative and adventurous decision making. At the same time, I remember an interview Nolan Watson gave some 3 years or so ago where he explained that to minimise risk the normal streaming deal should be about 7% of a company's value and definitely no higher than about 12%. Those figures are from memory and might not be precise but they're not far off. These days he seems to be willing to take on a much higher ownership almost as a matter of routine. It could be argued it's turning $SSL into a different kind of company and - as a result - it's going to need a new customer base attracted less to the relative safety offered by streamers and at home with greater risk usually associated with miners.
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@FundamentalAnalysis @Paul That's a good observation and I agree unfortunately..... I'm willing to bet desperation to drive shareholder value is what lead to the transaction. There really is a lack of good assets. I'm sure Nolan and team have a plan, they aren't idiots...but they have taken on more risk then they probably would have liked. I read the article posted by @racker one of the lines seems like total fear mongering. Most people don't give neutral views....to talk of turkey as 3rd world is absolutely ridiculous lol, in fact the family links gives us high confidence the mine will be built, I also don't believe turkey wants to alienate the west why get into a tiff for 30% ownership. There is a company called Stratex in london who recently sold their MINORITY stake in a turkish mine to the turkish partner for an ok price given project was losing money. (as to if they have received the money I don't know and not followed up). Also people forget there are companies which operate successfully in turkey. Alacer, Alamos come to mind. they operate well because they have a partner so all is fair, foreigners are not grabbing it all. #mbgtrends I spoke to the $MARL management team, when I met them, and some of the majors I think $TECK couldn't operate in turkey and move forwards because they had 100% ownership, even though turkish mining laws allow for 100% foreign ownership really they want a piece of the pie....hence why most the mines operated by foreign partners tend to have a turkish partner of some sort.
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from #ssl,
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@HHorseman @jayfire Well put. In the tech bubble, every tech company got valued as if it would be the next Cisco/IBM/Ericsson etc. Feels like that with the cryptos ATM... All rise, but what are the chances that every crypto will end up being viable in the long run I wonder...
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@MiningBookGuy @Jayfire @HHorseman - yes, thoughtful post from @jayfire, and I'll highlight his last sentence because I really liked it...goes way beyond crypto-currencies! :P "LOL, I swear when it comes to investing/speculating if you're not a 100% bull on something, the diehards are just gonna wanna come after you like you're attacking their first born or something..." #mbgtrends
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@MiningBookGuy @Alan RE: https://ceo.ca/mbgtrends?d1af13dd5825 - I'm trying to catch up on some posts. Thanks for this one! I've seen a few of these...but the one I really want to see is "The Solitary Billionaire" on John Paul Getty. Unfortunately, it seems I need to be based in the UK to access it, at least via the bbc site (too lazy to search other methods right now) What did you think of this one? This is possibly the only documentary ever created on the man. I didn't even realize it existed, and hope I can watch it at some point. #Getty #TheSolitaryBillionaire #mbgtrends
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@Paul Hi - @FundamentalAnalysis. The fears about Turkey always struck me as overdone and mainly to come from North American investors. My own theory is that Europeans and North Americans tend to see Turkey differently. Europeans see Turkey as an eastern extension of Europe: that was the case before the Great War and as recently as being considered for inclusion in the EC. I think it's possible Americans see Turkey instead as more a part of the whole Middle East chaos. It could be the Americans are right and in tune with the times. For what it's worth, I think the $MARL/$SSL merger was a creative solution born of frustrated need - and a rather elegant solution, too. In my own portfolio, what I have done is simply move funds that were in $MARL to $SSL to follow the story and in some ways I am more comfortable in this larger, more diversified and somewhat adventurous vehicle. I had come to feel that half of the leadership of $MARL was well-meaning but totally useless and maybe it's as well to put the company out of its misery. I used to be invested in $SSL last year and maybe I'm just glad for the chance to get on board again but it doesn't feel like quite the same company as it was. Not worse, just different.
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@bullmarketmove @Alan @MiningBookGuy I managed to watch #TheSolitaryBillionaire and like you I didn't even know it exsisted. It's worth watching if you can. For me what comes across the most is that the 'game' of building businesses is what #Getty is all about. The interviewer keeps asking about all his money and why doesn't he just stop, and #Getty replies with something along the lines of 'if I sold everything, what would I buy next?' Reminds me of a lot of successful investors who love the game more than the wealth it creates (although the wealth does help).
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@MiningBookGuy @bullmarketmove - thanks for your thoughts on #TheSolitaryBillionaire! Now I REALLY need to watch it, this is right up my alley! :) #Getty #mbgtrends
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@bullmarketmove I knew you'd like it @MiningBookGuy :) And some parts are quite funny because he comes across as a very normal old man, like a friendly grandfather, which I'm sure is a bit of an act for the camera. #mbgtrends
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@FundamentalAnalysis http://gbreports.com/wp-content/uploads/2014/08/Turkey_Mining2014.pdf @Paul ..... I've spent the last 2-3 hours reading articles on turkish politics, turkeys mining laws....I'm just not convinced that I should be severely worried. I'm actually more comfortable. The main risk is what I mentioned erdogan losing power, erdogan seized assets from the opposition, so the opposition would do the same. The political battle will continue...the politics definitely isn't stable from my readings so thats the risk there is always a threat of another coup, and erdogan will need to keep the whole thing in order....the yes vote actually helps him. #mbgtrends I actually welcome articles which tells me what I'm missing so readers please find an opposing view....
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from #ssl,
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@Alan @bullmarketmove @miningbookguy just had a load of ceo.ca emails come through. Spent the last hour catching up. #bitcoin seemed to be the hot topic! #getty is a legend in that documentary. I remember watching it late one evening after searching for 'money' in the documentary section on BBC Iplayer. My wife was totally bored. Oh @miningbookguy you should be able to hide your IP address and access it. I remember him being very to the point with little 'chit-chat'. Clearly a man that sticks by his principles and loves to save the pennies - even though he was a very very rich man. I loved his book #howtoberich.
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