Hi everyone, court case will take a lot longer time, the judge granted a motion to remove the attorney on record from being involved in the case (the attorney was disciplined.for reasons not relating to the Helix V. case). Not until after money is made in other markets will the case go forward with hiring a new attorney.
What does this mean? Likely Helix will not rise with the rest of the tide, while other stocks in the gold market rise. There likely will be a global battle over gold, and very soon. Reference Zero Hedge article Sunday May 23, 2021, by Tyler Durden, titled "Basel III & The New Role for Gold." Inside the article is how the Basel III will affect the banking system in Europe compared to the the banking system in the United States. For Martin, I'll add in that the UK might miss out, the UK having sold its gold at the low of the market around 20021 and 2002 at an prices around $280, or around 150 to 180 British pounds!
The article about 2/3 of the way through it discusses that the European Central Bank can allow gold to go way up, but the Federal Reserve in the U.S. cannot allow this. I do not quite understand the process, but the author contends that the European Central Bank outmaneuvers the London and New York banking systems for the leading position in finance in the western world.
As commercial systems slowly gravitate toward adopting cryptocurrencies, the European Central Bank could allow gold to go sky high, let the commercial banking systems go bankrupt and fail with their cryptocurrencies, and then the European Central bank could eliminate the trillions in European debt and award new debt to the elite, all backed by gold. I might have misunderstood this part of the article, and ai will be looking for someone to further explain how this would work out.
Back to Helix, as Helix will not likely attract major investors for a few years, the best move is to make money off of the majors, like Newmont, Barrick, and other prominent producers like Franco Nevada and Agnico Eagle. Then beware that there could be a 10% to 20% stock market drop this year. Could the Dow Jones go to 40,000 or 44,000. Let's see if Congress approves the $6 trillion budget or not! ($6 trillion is crazy!). $6 trillion would feed the market for copper.
When Rubicon mining stock ran into trouble about 5 or 6 years ago, the re-organization left me with a 90% de-valutation. When Helix comes back, there's no guarantee that current shares will be valued at a price we would like.
The best thing to do is to make money through physical gold and silver, and then a portion in the major mining stocks, and then chip in to the legal fund when the case continues in the future.
I plan on chipping in to help, in a year or two, when the case goes forward. Until then, the delay in the case due to the attorney being dismissed is a bit too much. Still holding Helix yes, but as it is a speculative, not all my money is on it. But my best hopes are that when I make money on the already-producing gold and silver stocks, that I can chip in to help get Helix going again. And also, I will provide shareholder testimony in support of Frank, against W. Brenner. When I called the attorney last year, the one who got dismissed this year, that attorney did not sound like a solid guy, so it is good that attorney is gone.
Mining Hound
