George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Enjoy!
In Japan watching some rugby
Not trading for a few weeks
Q3 steady as she goes
15k. Could only be Greeno.
Excluding the 35kt mentioned, ~ 288kt to ship in Q4. We're going to need finished product to cover ~ 1Q of output equivalent from WCP A when it moves next year. Doesn't look to be an issue.
Production of 255kt was ok.
Shipments of 192.9kt poor ("poor weather and a 35kt shipment crossing over into Q4").
Guided sales for year > 1mt so will need to ship more than 325kt in Q4.
At least they built up stock in Q3 to be able to do it.
In balance - a few minor bumps but progressing well.
Shipping figure should bounce back on 4 quarter results finish the year well but can't bet on the weather
Depressing shipping figures for Q3....
300kt+ shipped in Q2. Shipping looks to have been fairly busy, three there when I looked out the window earlier today. If we see 300kt+ again, will set the right tone. Better grades expected too.
Q3 report tomorrow. No cash figure will be quoted but hoping for sales in 250-275kt range, which will be more than enough to increase net cash position after H1 low point and allowing for all ongoing capex. Anything more than this would really show sales catching up after effects of Q1 hurricanes. Production - less mined ore but higher grade. Hoping for 250kt+.... all very exciting!!
Shorting isn't illegal ... always ... and much easier to do with the SB/CFD platforms. If you were trolling, er, trawling you might have seen where I postulated it keeps markets honest. Not a popular view.
It's very noble to try and save people money but there are very few here who are going to be reciprocal. There's an opportunity to observe people without engaging (very rewarding) and there is a further opportunity to engage honestly, which isn't always welcomed, and finally, in a way designed to cause information spill (if you want to get the skinny on a company, diss it; you'll instantly be bombarded with all of the arguments for and against).
There's a wonderful cohort of naive specimens on the forums who run the opinion that if you are not invested in a company, you shouldn't be on the forums. How then, would you inform yourself of the right time to invest, or, the right time to divest, or indeed short?
I don't like the VOG chart, even though I haven't explored VOG. I'm not a "chartist" either (in the MACD, RSI, BB nonsense sense), but price is price and time is time.
And you are right, I am long MTRO on SB, but that doesn't underpin anything else. Pending various events I'll be longer next week on cash. A few things moving forward, matter now for choosing the fastest horse, rather than the winning horse.
Keep the barrage balloon safe.
Ahhh stop it now, you’ll be making my barrage balloon head even bigger than it already is.
Shame to trash this site with our fallings out but it’s been a good lesson for me. If you look at the shares I post on, I only take issue on a couple where I have an interest (a little knowledge)and where rampers are rife. Mainly Vog, Metro.
I’ve genuinely tried to help and save people money. I’m not short so why be negative otherwise. Especially as I’d buy both if there was more transparency - at even higher levels.
I don’t need the angst, and generally most people in my industry whether they’re right or wrong charge for their time and advice. Maybe if you’d have engaged the Yellow we could have learnt from one another - which may have been better for all concerned. Maybe not ?!
Of course I didn't bait you; how could a mere fool like myself with only a handful of twitter followers bait an super intelligent "investment professional" like yourself.
How many posts are you up to now on the KMR board?
That’s your prerogative, I could tell you why it’s true but you’d probably throw it back at me.
You didn’t bait me, you’re probably spread betting metro (long) and took issue with my questioning the rampers why now was the absolute best time to buy them ?!
P.S. I don't believe #3 :-)
Yeah, see ya. Whatever it takes I guess. You da man.
Thing is even if you were right which you're not, it would depend on who owned the company.
Have I touched a nerve with my assessment - good ?!
See ya...
You mentioned previously in posts about being willing to learn on the forums. Take some of your own advice.
Any decent well managed and compliant company would throw your ass out the door with your big willy coffee mug immediately behind and that would be the end of that.
Absolutely nothing to see here.
1. You couldn't be a client.
2. bait me really - do me a favour, with your personal attacks you bit off more than you could chew and have been trying to unravel yourself from it ever since.
3. no access to client files or data from the mechanism I post on here from
As I said enjoy the Rally, you'll fit right in..
Good for you. You have some other issues to tackle:
- Personal data leakage (intentional and unintentional)
- Technical data leakage (concomitant access to multiple traceable resources having a limit surface exposure in a limited time frame)
- Following deliberately posted links to resources that are traceable
If I was one of your clients and observed both the nature of your conduct on the forums and the fact that you compromised yourself, and possibly the systems you can access their funds from, I'd drop you like a hot stone.
As to your original question, it was nothing to do with me, rather, how how I observed your big-headed dumb-assed fund-manager-delusion and arrogant behavior to other posters and concluded you would be pretty easy to bait.
Was I wrong?
And, before coming back and assuring me you are not or cannot be compromised, maybe take a look at Equifax, TalkTalk, Sony, ...
By bragging about your big investment willy on the forums you're painting a target on your head for hackers and financial terrorists.
There are plenty of fools on these financial forums and if you are here at all, you have to count yourself amongst them.
Thanks, you chose the Red side - deal with it.
Agree with spredbetting on certain instruments that are hard to trade otherwise.
90% cash after selling banks on Friday - just short indices and long on the Vix since then.
Let's see if Brexit and US/China is done as the market perceived on Friday ?! Either way we'll have a sell off in the next 12 months then I can have some fun. That's my view, that is what i'll be getting in and out of and will set my strategy on until it happens. I am interested in small 2/5/7% gains but lots of them. Firstly because for me it's better to jab jab and not get hit back, and secondly I can retire if I want to but I don't want to... so it's for fun and not born out of necessity to pay my gas bill.
My head is the size of a barrage baloon, doors are the least of my problem.
Enjoy the rally..
Well genius. Maybe you want to think that through but you seem to have some contradictory ideas. Let's see ...
"Approaching or not far past age 70 but unable to retire as the huge intellect hasn't really been commercially any good when it comes to making money."
- - Decades out.
"No-one really speadbets on shares unless they're skint."
- - I am surprised. Tax free; the LIBOR+margin is far far (far far far far ...) cheaper than CGT or the opportunity cost of having capital tied up.
"Has to gear."
- - Gearing is optional. But does have the advantage of allowing room to maneuver if things don't always go according to plan. Agility is very important.
- - Not all issues, and not all issues I trade, are available through SB/CFD providers. You might have seen that if you can indeed read. Question of right tool for the job, depending on the job.
"90% cash."
- - Doesn't seem to be a very effective use of resources.
"I have some graft to do before that."
- - Matter of scale and relative merit. I'm not interested in 2, or 3 or 7 percent.
Maybe it's not the size of your waist you need to be thinking about, but the fact that your head won't go through a regular sized door aperture.
This would suit you for a weekend away.
https://www.youtube.com/watch?v=EspHspgi5ic
Didn't have to go back far to find what's probably behind this lashing out. A few thoughts as we're in the business of giving out our free analysis on one another.
So based on below and a few other things I've picked up here goes :-
1. Approaching or not far past age 70 but unable to retire as the huge intellect hasn't really been commercially any good when it comes to making money.
2. Annoying as you'd assumed early on that being better than everyone else you would do better than everyone else.
3. Spreadbetting as you haven't really got the funds to trade having tied up your penny jar in cr@p shares that you can't get out of - no-one really speadbets on shares unless they're skint and has to gear..
Your recent words.. ""If your float is big enough for dividends to be interesting, that's good. I have some graft to do before that. That said though, KMR's dividends will be welcome and interesting (especially moving out to 2021 and 2022). I'm in a capital compounding phase. I've also hit that pleasant age where I earn well but don't want or need much""
How am I doing so far, shall I go back a few more months like you did and see what else I can come up with ?
When you're done having your ride, come back and regale us with more stories about how large your capital gains tax bill is.
No daughter in the US at altitude, and son played yesterday - albeit I'm probably lying about that too. Far too much time, off for a bike ride now, to try and reduce my enormous girth so I can get my trousers on Ho Ho Ho.
Maybe use the time to troll through my posts (again) and show me how this all started ?