focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
We all got duped Peter so there is no one looking for recriminations or a scapegoat. There are though some including self, who are looking for better communication. Your experience with Corky was then used to highlight the limitations of the current communication via the media platforms.
Your most recent input this morning covering the weekend debate of ‘balanced investors gone awry’ is to then knock further communication ‘it’s all irrelevant and a waist of time’ which frankly bud is a wee bit alarming.
Is that I like to know who are the serious players and what they are contemplating, outwith the cut&paste “25p by Xmas”.
Thanks for the insight bud, appreciated. Will concur that it is perhaps not the largest scam of 2023 but that indeed it was perpetrated by a scam artist with the morals of a rat, grabbing a few extra pennies off the back of his warrants.
My core belief as posted previously was that ‘no one could step into Mr. Di’s shoes’ (courtesy of his high political standing) and so imv any 3rd party bids that stem outwith the Sarawak.gov mantra of ‘Sarawak for Sarawakians’ then had me querying the ‘minor league’ (albeit billionaire status) approach from outside of Malaysia / Sarawak. Lol but the news of a possible Chinese ‘connection’ which imv tied in with the new refinery being built on our field, then saw me sway from non-believer in the bid to Mr.excited. Was an additional small punt that then went on but nothing significant. The long game is still very much in play.
A somewhat rather blinkered & narrow myopic outlook Steve ?!
“Report then green box them!”
Especially given the context that the biggest fraudulent scam of 2023 was then orchestrated on a telegram group where a poster went unchallenged with his ‘family connections hold 200M shares collectively’ which then neatly led into his ‘broker asking of a bid of 14p” prior to it being spread across twitter.
Unchallenged, simply on account that there was no inter-reaction, no dialogue, between the TG players. A red flag should surely have arisen when Corky turned down requests to meet up with Peter who lived a mere 4 miles away ? And even Mrs.Peter (“if Corky is Irish, I’ll show my errse’’) had twigged all was not as it seemed with Corky but which Peter then did not forward on to the group, till after the event. A total lack of communication, other than a daily chant of “25p by Xmas”.
Which is why bud, some of us play by traditional methods, debating both the pros & the cons via enquiring of our fellow investors thru bb or telegram. So actually it is not totally irrelevant or such a waist of time, if one is then looking beyond a simple 10% flutter.
Lol, but the earlier debate then just leads to one question… of which gender is the ‘mining scam’ protagonist who is then unable to partake in reasoned debate ?
Lol. Okay, game on. So detailing your irrational thinking:
You mention ‘mining scams’ ie plural, which rules out the post containing the Mark Twain mining quote, it being singular. Which then leaves the post centred on ‘colourful investment characters’ & with its plural references highlighting (i) Sir Isaac’s dabble in the South Sea bubble, then (ii) Voltaire’s French lottery win & (iii) the reference to the Royal Mint report on the arbitrage seen in gold & silver prices.
So you then processed (i) the South Sea bubble as being equivalent to Bre-X bubble ? Yet the former was centred on a business model of supplying 4800 slaves per year over a 30 year period which was then so successful the price exploded (ramped by volume 1 of the Daily Star) to way above the business core fundamentals, whilst the latter was centred on Michael de Guzman ‘salting’ his mineral samples with flecks of gold, which ramped 2 years later to contain 70M ounces, est. at $84B. So either case being used as a ‘benchmark’ against UPL’s current mc, is irrational.
You were again irrationally thinking; the French lottery scam, was Voltaire ‘mining’ the lottery tickets ? Surely not ?!
On the 3rd posted reference, your ‘indirect / obtuse conclusion’ has then somehow correlated the Royal Mint report on gold & silver price discrepancies across Europe, as somehow being another ‘mining scam’ ? The report shows that the bullion entering Europe did so mainly via Spain hence the price differential in a pound (weight) of silver aka the UK £, compared to eg. the French livre (latin for pound weight) resulting in the UK £ being pegged higher.
Your lack of rational thoughts are yet further confirmed, when stating your interpretation of an investment (hobbies or otherwise) as “NOT a game” which you foolishly then imply as a fact.
One suspects that the earlier discussion centred on having a balanced outlook, between the eternal optimist & the pathologically negative, then summarised with highlighting that even the most learned of outlook can fall prey to FoMO, has now somewhat spooked Pinocchio ?
Some irrational thought then concludes that mining scams centred on Poseidon(?) & Bre-X were being used as a ‘benchmark’.
Presumably, Pinocchio will make his 10% then relax & chill, so allowing the bb to discuss the finer details of the.. game ?
Two interesting & colourful investors : Sir Issac Newton, with his part-time job of Warden of the Royal Mint, enjoying (for a limited period) a dabble on the markets & Voltaire who successfully took the French government to the cleaners to the tune of 500,000 livre (c.£40,000 18th.C / c.£6M today) with a simple probability bet. French government were giving 500,000 livre as a regular lottery prize to promote their bonds & those who bought gained entry to a lottery which was for any of their bonds, with each bond irrespective of wether it was a 100,000L bond or a 1L bond then being granted a ‘ticket’ into the lottery. Voltaire & accomplices then proceeded to buy up all the smaller 1L bonds, gaining multiple entries to the lottery, followed by success & then being v.comfortably set up for life.
Sir Isaac had co-edited a report 20 years earlier on the arbitrage at play in the gold & silver markets across Europe, effectively being one of the first, to then short the £ albeit I don’t believe he benefited.
http://www.pierre-marteau.com/editions/1701-25-mint-reports/report-1702-07-17.html
If only Sir Isaac’s South Sea investment had then covered Sarawak ??
The limitations on any rational ‘capacity for thought’ was perhaps best highlighted by one of the UK’s greatest ever thinkers, Sir Isaac Newton, who then stated :
“I can calculate the movements of the stars but not the madness of men”. when trying to explain how he had lost a substantial fortune on the South Sea Bubble Feb 1720, after initially selling on a huge profit (April) but then buying back in (June) due to FOMO immediately prior to it crashing (c.2nd July) and then still not exiting till November 1720.
Would surely be a foolish investor who then believes that an elevated IQ trumps sound reasoning aka common sense aka rational thought.
nb. Voltaire & Sir Issac both being early 18th Century.
Https://www.bbc.co.uk/news/world-australia-67166799
There’s some fairly serious military presence in and around Darwin / TL region.
With Albanase’s visit to see Xi tomorrow, then TL could be a trump card for either side.
https://www.bbc.co.uk/news/world-australia-67293753
Megan then elevated to a power broker ??
Https://www.france24.com/en/europe/20231001-netherlands-shuts-europe-s-biggest-gas-field-over-quake-concerns
Could be that Netherland gas field Groningen might be having a fire-sale of their hardware assets..
2023 / 72nd edition Statistical Review of World Energy.
Pg. 41 China coal production annual growth 10.5%
Pg. 47 China Renewable Energy consumption annual growth 18.1%
There is still a massive Chinese appetite for energy.
Lol bud. Can see where Our Man In Havana & its black-humour of spoof intelligence reports is paralleled with TL’s ‘double agent’ deals with China & Oz
But reckon that Gotham City might perhaps be a better parallel:
Batman (G) & Robin (H) taking on The Joker (Megan)
& her side-kick The Penguin (the well dressed Mr.Brack) ?!
The second Chinese refinery now being built a few islands further north, in Malaysia. Both these being paid (c.$5B cost for next years Sarawak refinery) for by private Chinese enterprises.
I suspect that the GS EP Study is just Megan covering her derrière for the existing 3 wells that were capped c.1970’s but for which she now has 33% ‘responsibility’ even though the plan states that the regulatory regime for the location is in a ‘transition phase’.
The white witch.
Woodside’s recent Greater Sunrise Environment Project during Q3, which was a consultation seeking inputs on the risks involved for the 3 existing wells at Troubadour & the Sunrise-1 & Sunrise-3 locations will perhaps then likely dictate transportation options for the condensate.
Last entries were requested by end of September.
Megan will hopefully emulate the US majors (who were aggressively eyeballing the European majors inclusive of BP & Shell) and step up her game plan.
Resurrection of that $25M loan offer sounds plausible just on Andy B’s credentials alone.
Backed up perhaps with TL as guarantor, even better.
Beaco was a wee bit off the beaten track, up north in ‘bush country’?
Makes sense then to get any of the planned Modular LNG Plant units, a lot closer to the infrastructure.
Was interesting though bud, with respect to the ‘photo analysis / photo signals interpretation’ from Mr. Archer (outwith ‘taken by a potato’) with his hints that the TL ambassador was ‘further exerting the influence/ direction’ of said commercial developments.
For me, it highlighted the question, that if TL has always exerted the controlling influence, then what has changed that necessitates TL’s further ‘photo-shop signals’ ie. that TL are in the driving seat..
Somik’s simmering ?!
What are the funds down to . Still c.2030 ie. 6 years.. c.$12B ?
Which perhaps necessitated that painful visit to Darwin.
So, could the funds cover an FPSO, eg. the Gryphon Alpha..
Talk of the town hfb., ‘’the Duracell's that keep on giving”.
Was there anything else on the London agenda apart from tea & cucumber sandwiches ?
Window shopping perhaps ?
The 1st RNS to drop will be the Q2 results which comes with a paragraph or two of any events occurring after the reporting period. Might then be a wee write up on BOV purchasing more equity in addition to the warrants that they exercised during the same week.
Further RNS’s ?
& I suspect that like many LTH, that a Costa breakfast might be on the cards, whilst neurotic shorters and disappointed day traders (lol but did he really put £70k on a stock with no research other than reading twitter ?!) who then squabble fabricate counter & cross-counter innuendos.
In that ‘worst case’ scenario & UPL fess up that the letter-heads were all entitled ‘The Daily Star’ & so a yellow card is issued, the final result will still stand, 61.4M warrants exercised.
The LTH’s will no doubt be enjoying a leisurely breakfast and looking to supplement that by waiting to see what fruit might fall from the tree.