Member Info for fogthemogg

“ The good news is gold and silver are safe havens in a market crash.”

Crazy that you’re investing at all if you think that.

Metals sell off with everything else (except USD) during credit events and market panic

Look back at March 2020, 2008 and this war as some of many examples. Gold and silver do recover in the subsequent months though.

CaptainSwag, what happened to your forward-looking $120 silver and $100 being the new floor? 😂

PPI was hot due to tariffs and now inflation is going to really rip.

At this rate, Tullow will need $200 Brent just to get back to 20p.

Still on for 50 quid by March end and 175 quid by year end PortfolioPower?

Unfortunately, it seems that the worm has turned. It’s back to the bad old days where FRES is down even when PMs are green, then when the metals head south FRES falls even more heavily.

Volume has dried up too over the last few weeks, as funds rotate out of miners and into oilers.

What happened to the “guaranteed” 50 quid by March price target and 175 quid by year end nonsense?

"EIG did sell back in 2024 and their intent from the begging after the takeover of PMO was to completely sell their holdings. I thought they had sold already but not. In the past there was no secondary placing like this time. They made their sales on the open market unlike this time. "

EIG and Blair Thomas have been selling intermittingly since late 2022, from around 450p levels.

The buybacks were soaking up the sales and letting Linda's mates out of the back door at higher prices...Nice work if you can get it.

"Just when one can walk again then someone comes from nowhere and kicks one right in the chops."

Welcome to the London Stock Exchange. Thanks for playing :)

62m volume? So it's done...

Same old tricks with this stock.

Took a slurp at 254p but will probably go lower.

"Does anyone know if Tullow have managed to hedge any production at these heightened brent prices?"

Yes, they managed to hedge 50 years of production at $120 a barrel yesterday. Tullow management are geniuses.

Probably into Zelensky's piggy bank in the Cayman Islands.

Conversely, you could argue that the move from low 70s to 119 in a week was disproportionate.

But disproportionate swings are where people make money.

Tullow saved by Netanyahu, could be a movie...

Someone just brought out the monkey hammer on oil, still at $107 though!

"Dark_Knight, don't get too excited for the April numbers as very soon you will see comment from JMAX saying "priced in"!

Jokes aside, yes, YoY comparison, April numbers will be good definitely and there would be outcome from Iran war by then.'

FRES don't release quarterly financials, only production reports.

More pain this morning sadly.

“ I expect the PM's to be first out the blocks in an inflationary environment”

Over a long-term time horizon they are, not in the short-term though.

Inflation spikes and subsequent rate hikes killed PMs last time, that was the mistake many people made by jumping into PMs and miners too early.

Not my opinion, that is exactly what happened.

Unfortunately, if this war continues it will be highly inflationary and I think that is why PM miners are being sold off.

FRES has definitely lost its mojo.

Hope it's just consolidation rather than the worm turning...

"Seems to be lagging the PM price recovery?"

HOC has more than 10x since autumn 2022.

That divi cut explains yesterday's price action, volume and bad UT.

Hopefully it's not pummelled too much this morning.