Member Info for davidpqz

A contrary opinion should be respected. When a BB becomes an echo chamber it becomes worthless or worse, delusional.

I wasn't implying JOG and HUR are comparable rather providing an observation on how Mr Market loves a good story (be it fiction or fact). I'm convinced the journo's won't be able to resist this story once things start moving.

I am minded of the share price chart of Jersey Oil and Gas (JOG) around September 17. It had one oil prospect which its own website rated at having no more than a 30% chance of success - so in effect, a gamble. The first well came in dry and the share price crashed back. A side well about one month later was successful and the share price shot back up. If nothing else HUR is a fascinating story and is bound to make the papers when the AM starts to move. Could there be two opportunities here? One on the story and another on production?

Every economic analysis including the government's own shows we will be worse off. Project FEAR IS FACT. What do you think all those lorries are doing? Why is the government (ha!) spending £100m on ferries. If there is a Project Fear it must be the biggest conspiracy theory since Mein Kampf ! For heaven's sake just wake up and smell the coffee instead of stupidly repeating stupid Boris Johnson slogans.

I don't know if it's rigged but it is in Zimbabwe where the government has changed but probably only marginally !

"This performance further demonstrates our successful business model through which new stores typically reach a break-even or profitable contribution to the Group within the first day of trade." (H1 Results -Results Overview)

Can anyone explain this please? As I read it on day one a franchisee either breaks even which cannot be true as the franchise fee is 125k + vat or on day one sells a cake which is entirely likely!

https://www.miningreview.com/global-zinc-production-to-ramp-up-in-2018/

I sold out a while back when I saw that a number of mines were being either opened or reopened. The zinc commodity cycle is on a down turn and I don't feel qualified to predict where it will bottom out. I was tempted to try to estimate future supply from news on the various mining websites but I just feel that it is too big a task. Good luck to all who still hold here.

http://www.mining.com/last-hurrah-zinc-price/ Note that this was written in early April.
http://www.ilzsg.org/static/statistics.aspx

No opinion. However Mr Els might be a commentator to keep an eye on as he seems to have got it right.

Bear
http://www.mining.com/last-hurrah-zinc-price/

Bull
https://www.youtube.com/watch?v=p75Ob02S5GE

Apologies. My remark was intended for Swallows. I quite agree with you.

Most bulletin boards are useless. This one sometimes contains valuable insights. If all you want is an uninformed slanging match then please find another platform.

I don't know the reason for the fall. However there are two imminent events which give me cause for concern. Friday is the day the US imposes its threatened tariffs. Thursday sees a sale of US treasuries. China doesn't import enough from the US to win in a tit for tat trade war, however it is the biggest purchaser of US debt.

I don't want to rain on your parade but there may be reason to panic. Mining shares are a geared investment. When the price of zinc rises from $1,500/tonne (2015) to $3,200 (recently) then with infrastructure costs and so forth remaining the same, most of that increase goes to the bottom line. Conversely, when the price goes down ...

It was relatively easy on the way up to see that the sp was lagging the price of zinc. From here on in I think it gets more complicated as we are now in the position of having to figure out how the supply/demand equation is going to work out in the future. Here's one recent link which gives some of the kinds of pointers I think we should be looking for
https://www.reuters.com/article/global-metals/metals-china-smelter-cuts-boost-zinc-price-idUSL4N1TU3A1

Guitarsolo has summed it up really well. I also suspect the Trump trade war will quietly subside. Trump is always on the campaign trail so a lot of this will be aimed at the mid term elections in November. The Chinese are also one of the biggest buyers of US treasuries. Since Trump announced his tax cuts the US needs to issue much more debt. If the Chinese decide to squeeze, Trump could be in a fix.

The key issue for the future has to be the demand/supply balance which is a dauntingly big topic to research.

I think Trump's trade war is also having an effect. The Shanghai Composite is down 9% and the Hang Seng 10% since earlier in the month.

Despite the current weakness in the price of zinc, the first half results to end of June will include the highest recent zinc prices. My spreadsheet is predicting that net profit for H1 will actually be 15% higher than H2 2017.

May you live in interesting times!

https://www.bloomberg.com/news/articles/2018-06-26/zinc-s-horror-run-continues-on-rising-supply-trade-war-angst

http://markets.businessinsider.com/commodities/zinc-price

"capable of treating superficial tumours". Do they not have to get regulatory approval before they can treat patients?

From Malcy's Blog of 24th "The oil price has again been mixed, some weakness as the market think that Opec and Non-Opec will break ranks, not something I think will either happen or make much difference at the moment. The EIA stats were much worse than expected, a build of 5.8m barrels when expectations were for a draw of 2m". Add that to someone's observation that almost all of the 29 oil stocks that he monitors are down and I think you have it. The more speculative stocks always get hit hardest. Maybe it's nearly time for a little speculation ...