Member Info for fogthemogg

"You are aware the high oil prices will only remain if USA attacks Iran and the gulf of Hormuz is threatened. Other than that, there is abundant oil around so the price will soon sink back to 65 or lower"

Oil isn't high, but yes the recent spike is purely based on an expectation of prolonged conflict with Iran. The same spike action happened last year to $80, then collapsed very quickly (-10% intraday I recall) as the conflict cooled.

If the US pulls back, or conducts only limited strikes lasting a few days, then oil will likely sank back to low-60s.

"however Labour have lost all of their green haired nut jobs to the Green Party"

But the biggest one of all, who can't eat a bacon sarnie, is our Energy Secretary :)

The irony is that his official title includes the words "Energy Security"!

30% in 2 days is already pretty hard...The background was already known, the RNS simply informs us that the process has advanced.

Gemini AI's response is actually hilarious. Not sure any of it has ever been banter...

"Reputation: They are a polarizing figure on the boards. JMAX often claims to have a highly accurate "posting record," which leads to frequent debates and "banter" with other retail investors who either support or challenge their market outlooks."

Anton still wittering on about shorts needing to close, he was saying this at 40p 😂

The non-dilution is a relief, but the rest of the "news" is rubbish to be honest.

Probably worth holding to 15-20p if it gets there and then shorting again, unless of course oil goes parabolic.

Well yeah, the 25% free float explains the rapid share price spikes and collapses over the years...

So will the big buyers from yesterday be receiving a knock on the door from the FCA under suspicion of insider trading? 😂

Think there's a greater chance of Andrew being charged...

"If oil keep going up like this you could see 18p- 24p in a few weeks (like before)"

If you look at the other oilers, then you'd know today's move has little to do with oil price...

"Up over 5% today and not a single comment."

Because we've seen that nonsense a million times before. FXPO is nonsensically bid up after bad news to reel people in, then smart money sells into "strength" on the way up.

@Rookie1

Something tells me you're going to get an earful from longtimeinvestor about buybacks soon...

2m shares is less than 180 grand's worth...

Putin has been on the brink of death for over a decade, apparently...

Ah yes Persian, another one who was ramping at 40p and 50p, claiming it was a bargain...

Precious metal price "management" (AKA manipulation) is real, longstanding and there have even been convictions from it.

On the other hand, some people are too quick to cry manipulation each and every time PMs fall. Sometimes it's due to rising yields, sometimes it's a reaction to economic data and sometimes it's just widespread market liquidation.

Although funnily enough, I didn't hear anyone shout manipulation when FRES and HOC fell just just 6% the day after silver was demolished 35%!

Sounds like the election/referendum plan will be announced on 24th February, not that both will occur on that day...Those events will be May.

Problem is, every poll/survey says Ukrainians would reject a peace deal in exchange for surrendering the Donbas.

Good old BP, the albatross that never leaves your neck.

Https://www.zerohedge.com/precious-metals/beijings-big-short-meet-chinese-anti-hunt-brother-billionaire-betting-against

But CaptainSwag, I thought the new silver floor was $100 and forward-looking price was $120? 😭🤭

The long-term monetary debasement and industrial demand factors remain, but the blowoff over the last few months was mostly speculative and leveraged.

Medium and long-term both PMs and FRES must go higher, but I wouldn't rule out a return to $50 silver in the short-term.