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indices are not that good at predicting the the future, but one that has a better track record than most is the Baltic Freight Index.
As we know, one of the key elements of the current inflation has been the post-lockdown demand for containers and the short supply of container ships. Freight rates reached record highs, however, they have now turned emphatically in the other direction and have declined significantly. Indeed, some brokers believe a complete collapse is on the way, although current spot rates are still marginally above pre-pandemic levels.
This indicates two things: the probability of recession is almost guaranteed and inflation will fall. The key question is; will inflation fall quick enough to avoid a recession?
I should have added that both LNG and tanker rates are still very high...unsurprisingly - normally, if a recession is on the way tanker rates fall much quicker than anything else.
So, the picture may indicate that prices of consumer goods will fall, but energy costs will remain high, and certainly much higher than the government has gambled on.
Addicknt safe haven strategy then invest in copper gold and silver ,maybe a few oil and gas explorers for risk reward
Bubble, sound advice. Do you happen to know of a gold/copper explorer that has vast reserves, is massively undervalued and is currently up for sale? Let me know if you find one.
Addicknt ,one clue begins with S and ends with D....
Zoros lol
SP going in one direction until funding is sorted.
Message to board : get finger out and get a move on pronto.
No worries Cooper, I'll keep it quiet
Good man Ray, your better than all that rubbish!
*copper
My entire ISA is in SOLG, ATYM and GPM (copper/gold; copper; gold/silver)...an excellent hedge, but not immune from general market falls...
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!
I had a bacon sandwich for breakfast!
Meanwhile we need to keep in mind that the FTSE is down 7% in a month and it has fallen for the last five days...
And the FTSE350 is down more than 8%...
Copper is languishing at $3.38 and gold is down almost 4 % in a week...
Until the bid rumours gather pace the share cannot be unaffected by markets in general...
Remember the investor "meet the company" presentation tomorrow 1pm .... where you can ask questions. Might be an idea to release something positive before to keep the natives at bay
what are you/would you ask DBW?
Probably what they’ve been doing for the last two years lol
But I wouldn’t rule out an RNS beforehand to deflect some of the flack
how about
What format do they intend to use to raise finance to move forward?
When will they begin exploration drilling at regionals?
What happened to the JV of regionals? have they failed?
Who was responsible for the 4million dollar fraud? will they/have they been prosecuted?
how many options will they award themselves after the CGP merger is done?
The bid rumours have been around for years, they are running out of cash….
It is a difficult concept to grasp why the price is falling…..
Dbw - good point, I will be tuning in for sure. Maybe we'll see one of the two big pieces of news released tomorrow before the call. Or they might have lined up some good funding news (this would be nothing short of miraculous).
I read this piece in the FT yesterday and Dimon's quote below stuck in the mind:
https://www.ft.com/content/f9d90465-1036-430d-8f54-21d075a7b3ec
In June, Dimon warned of an economic “hurricane”, and on Monday he again encouraged investors to be “very, very cautious”. He added: “If you need money, go raise it.”
We are leaving the funding very late. The lights off bunker down scenario alluded to in the going concern RNS may well become a reality next year as we try and get the business sold.
Orthern in all seriousness I think the recently proposed merger (if it goes through) will be a huge obstacle removed and a big step forward but they need to address the whole issue of funding pronto
Orthern, I hope they do not do any stupid studies and drilling. Get the business sold. The amount of money wasted is incredible.
agreed.. The proposed merger is a step forward, but it doesn't stop us running out of money in the very near future.. Funding is what the market wants to know about... more so than the PFS.
We can only assume CGP didn't agree to this, to immediately then be diluted by printing hundreds of millions of additional shares, just to be able to function as a going concern and limp along to DFS.
It would be a total waste for Solg to release the upcoming PFS addendum without having finance news in place to support it. But with our board, I genuinely think that is possible.