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Oddjob

Member
  • Posts

    533
  • Joined

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  • Trading Feedback

    100%
  • Country

    Australia

Reputation Activity

  1. Like
    Oddjob got a reaction from Griffo in RM Bullion checkout issue?   
    Seems like a on going issue. I've encountered same a few times in the last month....amongst other issues with RM I've had.
  2. Like
    Oddjob got a reaction from FSH in North West England Newbie   
    G'Day and welcome to TSF. 
    A place to guide you on your journey.
  3. Thanks
    Oddjob reacted to RDHC in Harrington & Byrne 2022 bullion sovereign offer   
    That is clearly a breach of contract - an offer, an acceptance, and a valuable consideration given. It might be worth your while to remind them of this and state that you are considering an  action in the English small claims court (up to £10,000 now, I am told) against them (even if it is unrealistic for you from Australia). It might make them honour the contract.
  4. Like
    Oddjob reacted to Dan12345 in Today I Received.....   
    Can never have to much gold bullion 
  5. Thanks
    Oddjob reacted to jultorsk in What's the News about the Koala 2022 ?   
    The Perth Mint ERP system has been messed up of late, since they launched their new website. Perhaps relevant, perhaps not. 🤷‍♂️
    --
    Ex-Perth Mint chief executive Richard Hayes left the government-owned gold refiner after it burnt through $100 million of taxpayers’ money in a dysfunctional technology upgrade project that is now six years overdue with the cost blowouts buried within the organisation’s accounts.

    Mr Hayes, who signed on for another five-year contract with the Perth Mint last November, resigned suddenly on October 13 citing health reasons, with employees told he would leave the gold refiner in April next year.

    But an investigation by The Australian Financial Review can reveal Mr Hayes left the Mint after a board meeting on October 17, alongside chief investment officer Brad Wearn who only re-joined the Perth Mint in August.

    Mr Wearn was previously an employee of the Perth Mint, and his appointment to CIO marked the sixth change to the head of the IT department over the last six years.

    Perth Mint director John Collins, former chief of the WA Treasury Corporation, is temporarily acting as CEO. It is believed he is working two days a week. The Perth Mint did not respond to questions.

    The new Enterprise Resource Planning (ERP) system, developed to run financial accounting and metal accounts, was given the green light in 2014, with a $16 million budget and an 18 to 24-month timeline. The project cost has now ballooned to more than $100 million.

    Within the Perth Mint annual reports, the Financial Review can reveal the company classified the software upgrade as an intangible asset, capitalised some of it and amortised the rest over the six-year period.

    Systems crashed
    Mr Hayes’ abrupt departure comes after questions were put to the Gold Corporation, the parent company of the Perth Mint, during a West Australian Senate estimates session in September regarding the software project.

    According to insiders, there are 80 staff and contractors working on the project, with Mr Hayes providing oversight during his tenure, alongside a steering committee made up of board members.

    PwC is the contracted project manager and Empire IT Services and Churchill’s, where Mr Wearn was also previously employed, are also independently overseeing the project.

    According to documents seen by the Financial Review, the ERP system went live at the end of November but crashed the Perth Mint’s systems, which were offline for at least 24 hours, restricting the Mint’s capacity to accept, dispatch or check stock levels.

    Mr Hayes has been the chief executive of the Perth Mint for seven years, and helmed the government-owned entity throughout revelations last year that the Mint was unwittingly buying up to $200 million of “conflict gold” annuallyfrom a company run by a convicted killer in Papua New Guinea, breaching its global accreditation and the company’s own supply chain policies.

    At the time, West Australian Premier Mark McGowan ordered an “urgent review” of the Mint’s processes.

    Ultimately, the Mint was not stripped of its accreditation by The London Bullion Market Association (LBMA), but Mr Hayes was also embroiled in another scandal after senior staff members raised concerns they were facing pressure over hiring decisions and procurement contracts in 2017.

    The Mint was then the subject of inquiries by the WA Corruption and Crime Commission (CCC).

    “Of all the things the Mint has gone through over the last few years, it’s surprising to think a software blowout is the thing that has toppled Hayes,” one ex-employee who worked with the executive team for many years told the Financial Review on the condition of anonymity.
    https://www.afr.com/technology/richard-hayes-leaves-perth-mint-after-100m-tech-blowout-20211206-p59f9z
     
  6. Like
    Oddjob got a reaction from Snorpley in 2022 Sovereign design revealed?   
    Same experience here mate. You can (well most of the time) get the tracking data from your RM a/c in transactions (ie each purchase) but then it's up to you to check with Royal Mail. RM could pick up their game and send a follow-up advice with tracking details, but I guess that's too much to hope for.
    Till then, I await my RM purchases to arrive unannounced...whenever.
  7. Like
    Oddjob reacted to James32 in Harrington & Byrne 2022 bullion sovereign offer   
    Agree to a point but I'm sure they have purchased a large order at an agreed price. In theory they cant loose.
  8. Like
    Oddjob got a reaction from Agaumac in Advice for a newbie   
    Having been in your shoes a few years back (ie new to PM's), the best advice I got was to start with a little diversification. ie some gold, some silver and also split across coins, rounds and bars. Go for standard low premium stuff to kick off with to get best bang for buck. I won't comment on which dealers to buy from as that's something I'll leave to UK members here to comment on...but I do take their lead on which dealers to use or not.
    This will give you intro taste of the PM market and what it has to offer. You'll start to develop a feel for the market and most importantly what (gold or silver, coins or bars) appeals to you and thus where you want to take your stack re what's in it. Between making small purchases to start with and being a part of a stacking community like TSF ( or Silver Stackers in Australia which I'm part of too) you will increase your knowledge base and confidence.
    Enjoy the adventure you have now commenced.
  9. Like
    Oddjob got a reaction from Gordy in Advice for a newbie   
    Having been in your shoes a few years back (ie new to PM's), the best advice I got was to start with a little diversification. ie some gold, some silver and also split across coins, rounds and bars. Go for standard low premium stuff to kick off with to get best bang for buck. I won't comment on which dealers to buy from as that's something I'll leave to UK members here to comment on...but I do take their lead on which dealers to use or not.
    This will give you intro taste of the PM market and what it has to offer. You'll start to develop a feel for the market and most importantly what (gold or silver, coins or bars) appeals to you and thus where you want to take your stack re what's in it. Between making small purchases to start with and being a part of a stacking community like TSF ( or Silver Stackers in Australia which I'm part of too) you will increase your knowledge base and confidence.
    Enjoy the adventure you have now commenced.
  10. Thanks
    Oddjob reacted to Darr3nG in Harrington & Byrne 2022 bullion sovereign offer   
    Be careful of anything not from the Royal Mint (i.e. the official sovereign) - it's often quite difficult to sell them on, and they rarely hold any value over spot.
  11. Haha
    Oddjob reacted to RDHC in Harrington & Byrne 2022 bullion sovereign offer   
    I always welcome such A4 freebies, if printed on one side only, and use them (one-sided) for printing of not-so-important documents at home. Expensive paper sounds like a bonus.
  12. Like
    Oddjob reacted to FSH in North West England Newbie   
    Hello! 
    I am very new to the silver game but excited to embark on the trail of all things shiny!
    Came across Silver Forum on Backyard Bullion's Youtube channel.
  13. Like
    Oddjob reacted to SteveSilverStacker in Hi Silver People!   
    Hi,
    I am mainly Silver Stacking and I do a little collecting.  I think that precious metals may be the most reliable form of money these days...
    Best Wishes,
    SteveSilverStacker
  14. Like
    Oddjob got a reaction from MickB in Harrington & Byrne 2022 bullion sovereign offer   
    Ta for heads up @MickB. Nice one.
    I've got my order in for that. Not going to get sov's in Aust that cheap retail regardless of old or new. 
  15. Thanks
    Oddjob reacted to MickB in Harrington & Byrne 2022 bullion sovereign offer   
    Spotted this in today's Metro newspaper. Limited to one per household. 

  16. Thanks
    Oddjob reacted to theman73 in Hello everyone   
    Hello
    I'm brand new here trying to stack/collect silver.
    I bought this coin today but somehow I can't find to much about it.
    Any idea how much us worth?



  17. Thanks
    Oddjob reacted to James32 in G'Day from Aust.   
    Welcome aboard 
  18. Thanks
    Oddjob reacted to ChrisSilver in G'Day from Aust.   
    Hello and welcome to The Silver Forum  
  19. Thanks
    Oddjob reacted to Mikk in G'Day from Aust.   
    Hello and welcome to TSF 
  20. Thanks
    Oddjob reacted to trp in G'Day from Aust.   
    Hello and welcome to the forum!  
  21. Thanks
    Oddjob reacted to daca in G'Day from Aust.   
    Welcome aboard!
  22. Thanks
    Oddjob reacted to dicker in G'Day from Aust.   
    G'day cobber and welcome.
    You will find a fair few here who enjoy coins from Oz.
    Best
    Dicker
  23. Thanks
    Oddjob reacted to CadmiumGreen in G'Day from Aust.   
    Welcome aboard The Silver Forum!
  24. Thanks
    Oddjob reacted to Centauri167 in G'Day from Aust.   
    Welcome on this great forum, it will be a place were you will learn a lot more about collecting and stacking !
  25. Thanks
    Oddjob got a reaction from Ukbullionfan in Loving the forum already.   
    G'Day and welcome.
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