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Good luck to everyone - the best of health - even to DB.
By the way DB I note your post:
"Reddington, yes, its a complete war zone at the minute. I see no straong improvement for a long while even after it finds the bottom. Expect to see a "W" for a long time and I don't mean Tungsten. Kalans move was a wise one, shame he'd gobbed off about his charting skills and namecalling though".
Geng and myself said this share was going to break out - you didn't look back at the posts where someone posted that it can break out down as well as up and I stated that I had chosen my words carefully for that very reason. it has broken out and after a fake move up (quite common) it has broken downwards which is obviously a sell signal. Argumentative and mean spirited - you are not one tenth the person that so many good folks on this bb are. These are difficult times in the world and for those invested and all you want to do is point score - shame on you. I won't be replying to anything else you post so go on and vent your spleen - you can really win now and make everyone feel bad - that seems to be your only aim. Fill your boots at my expense - off you go an open goal - hope it makes you feel better.
Not that I want to curse myself, but have been very lucky thus far in life.
The markets may still recover if the situation improves quickly. Hopefully it mirrors the flu season and then tails off like SARs, although I suspect the financial damage to be higher if it isn’t already so.
That sounds as if you have experience of a Kenyan house of ill repute
That said regarding risk, I still couldn’t resist some at 0.255.
Yep the list goes on even Marks and Sparks was down 10% at one point this week and approx 30-40% off a recent high a couple of months back. Stocks are not the place to be atm, very scary, but hopeful we’ll get through it.
Are you suggesting I'm lying trooptrain... Asian metals post every day percentage changes of the full range of tungsten products across the globe..
You are a scold and a most unpleasant one at that...
Lsai down 30%
Gms down 27%
Gpss down 26%
Melvin down 22%
Gun down 19+%
Could post another 30+ shares down more than wres. But can't see the point as everyone can see for themselves. Unless you're wearing blinkers of course .
DB churlish. ‘What has changed.......’ Absurd point to try and make.......
I think the chinese Doctor was 35, take nothing for granted.
I think this could change the way we all behave and not just how we wash our hands etc. For me no more shaking hands ever, but I will be doing the Indian namaste greeting with a little bow ( I am a humble guy, so not a problem). A societal change I think, and quite probably covid19 becomes endemic and we learn to live with it as ever present. In the meantime market volatility, and it’s true to say now as it was on Bloomberg at 11:20; whatever metric we come up with the Chinese will manipulate.
Kalan, good luck and best wishes with looking after your dad- you will need to put in some effort, but it will be worth it.
You can't be too careful Kalan. It seems isolation is the only way forward. Best of luck with your Dad. You might be right re Italy coming out of it first. We'll have to wait and see. Take care.
Enjoy your holiday Tonlin - by may you will be safer there than here. The first places to get hit are the first ones to get over the worst of it. new cases appearing here now from folks coming back off holiday - within 30 miles of where I live now - brought back from Teneriffe.
Have done some more research - kids seem to be immune to the virus. especially under 12's. very few deaths in under 35's. In China most that have dies are older men. Apparently 505 of men in China smoke but only 2% of women and it is thought the concentration of deaths in men is due to smoking.
it appears that 60% to 80% of us are going to get the virus and those getting ill are older people, smokers, people with damaged immune systems, heart problems and diabetes. So if you are a 35 year old non smoker you will be fine (almost certainly). Got myself on an exercise regime to try and boost my lung capacity in anticipation. Trying to work out how to isolate my dad who is a 79 year old chain smoker with chronic lung disease - isolation would seem to be his only hope.
Mine typo lol
Patience here ,we got a producing mibe and a bit of gold to sell if it gets tough ,keep the natives happy ,plus theres an alternative to just lithium here hold tight everyone
Thank you Bob. Let's hope it holds.
It's a watching and waiting game all round Kalan. I've got a hol booked for Lake Garda in May, about 60 or so miles from the quarantined towns. I will take a view in a few weeks and make a decision about cancelling or not. Strange ole times atm.
Tungsten prices reported stable this morning in China. Rotterdam apt reports up one dollar.
We all are where we are...
I'm making a fish pie for tea...
Love an stuff
Good post Tonlin. maybe a 3rd party reading both our posts together will get a realistic view of the situation. Agree that the fundamental position has not changed as long as Tungsten stays put in terms of pricing - so will keep watching - ready to buy back in at some point if Tungsten stays put.
I don't doubt the voracity of your comments Kalan and the market may well be overdue for a correction. As far as Wres is concerned, our fundamentals remain the same. Sn and W prices may well stall (or fall) this year and that will effect our bottom line. Our sp is has not priced in our production figures that will come out over the next few months. There is still much upside here. We may not get to the figs some have quoted but it is perfectly reasonable to think this company will reach a mc of 150- 200m when both LP and Regua are fully operational. And then there is the glod. This is of course an opinion, but one which is very realistic in my view. Contrary views accepted (but not from the twerps who are filtered anyway).
I sold all my shares in every company when the FTSE first touched below 7000. In recent pull backs this figure has always held and given comfort. as soon as it broke I was looking at 6000 for the next support.
the AIM market is down over 25% from it's peak so far.
FTSE is over 15% down so far.
Bloomberg commentators were talking about a 20% to 25% correction before the virus came along.
In the past 20 years we have already had 2 fall backs of over 40%. The first in 2000 to 2003 caused by the dot com bubble (and ended as the so called SARS (it was a coronavirus) threat ended). The second was due to the subprime scandal combined with socialist governments borrowing beyond belief in 2007 to 2009.
How does this compare - well the slowdown in world economies was there for all to see and the markets kept rising due to the interest rate and money printing policies of governments. They kicked the can down the road in 2008 and it landed here. Now we have the supercharged reasons to cut off the demand side of the economy - so a 40% pullback seems warranted to set things straight. That would take to FTSE to about 4500.
what impact does this have on WRES - sentiment gets bashed - it's happening now and those topping up are trying to catch a falling knife. Also the fundamentals get altered. Tin is falling and tin is part of the income. Tungsten is holding up (like palladium) because t was in defeiit - the reality that this is changing has not entered the psychy of those who love the metals and need the metals for their business. From the moment that the metals buyers realise that they may be able to buy either Tungsten or Palladium cheaper next week - they will drop like a stone.
But we have gold - gold is also falling - everyone is talking about safe haven - there isn't one. In 2008 I was in gold as a safe haven - big mistake - it fell 20% and gold miners fell more. there was a massive bull run in gold that went on afterwards but at the time of the crisis it fell with everything else.
Cash is king - this virus is rife already and there's no stopping it and demand is being crushed - commodity prices will/ are getting crushed - share prices will be magnified in their fall.
It was like a punch to the stomach selling up at a loss (20% in WRES) but I have slept better since. Read Mohamad Al Aryan if you are temped to buy the dips - GLA and good health.