Member Info for fogthemogg

BeardedDragon, who predicted Anglo falling to 1630p in December 2023, when it was flying at 3600p earlier the same year? Presumably you were calling them a "complete idiot" then too...

BushyTailed, if mining investors' worst fears are realised with Sheinbaum's victory and subsequent punitive regulation, a more favourable USD/MXN rate might be incidental . She is López Obrador's protégé and for some reason, people wanted more of that.

Biggest faller in FTSE 100 and as usual, down twice as much as other miners like HOC and CEY.

Saying it's "not a great company" is overly generous, it's a steaming pile of garbage that I can't wait to exit. The fact that it's even still in the FTSE 100 tells you what a dumpster fire of an index that is too.

After UFO's 33% fall today, I'm guessing we won't hear from Max and the others for a while...

Max is the guy lurking around the roulette table, encouraging unsuspecting punters to gamble more...Then at the end of the night, he collects his commission from the casino.

"Looks as if Ukraine is going to attempt to take back Crimea."

With what? Dad's army and a babushka battalion?

Compared to the rest of the market today, this is looking quite solid. Let's wait for NY's judgement in a few hours...

Mr. Market disagrees.

Agreed Flavius. Everyone knows Tullow pings around in a 10p range, calling sell at 40p and calling buy in low 30s doesn't make one an investing oracle...

But a common mistake retail make, is selling winners too early and holding onto losers for too long. If you're long-term and are prepared to hold a stock to cycle lows when it's 30-50% down, then why sell for only 20% profit later? You'd probably never make any money as the losers would more than offset the winners.

Phuketpunter2, I understand your frustration. Thai girls are asking for more money these days, yet BP's post-pandemic divis are lower than 2013-2019. Something's gotta give eventually as the numbers just don't add up anymore, and I'm guessing it has to come out of your premium bonds right?

But you're posting in the wrong part of town my friend. This board is principally an echo chamber of current and former BP employees, who insist it is the best run oiler in the world and has the brightest future. I remember hearing the same narrative in 2010 before Deepwater, BP was 600p+ back then...

I mentioned once that not only is the share price still below pre-pandemic levels, but divi is also lower than 2013-2019...But I think I got away with it! Try not to mention that the risk-free rate is comparable to BP's divi yield, thus no point in taking equity risk anyway.

Also, don't mention that buybacks are a cynical financial alchemy tool to boost EPS, therefore increasing directors' renumeration, whilst doing little to nothing for ordinary shareholders. Otherwise "longtimeinvestor" will come along and get his framed certificate out, which proudly states that he owns x% more of BP's outstanding stock than he did a few years ago. He still can't explain how that apparently put more money into his pocket, because of course it didn't, but life's too short to ask him again...

DisasterTourist, this has pretty much been the case since war broke out. Longer term downtrend is clear, but we get short-term spikes that reel punters back in whilst others sell.

Jim North's abrupt departure was 2022's watershed moment, didn't stop me buying in the months afterwards though...

My broker app says 12.5m daily volume/11m UT, that's 2 weeks' worth.

Someone knows something and it's probably going to hurt...

New multiyear low today, last time it went sub-40 was 2016.

Nice little smash and grab there, did anyone get any?

Ditto my thoughts spitfire44...Rio and Glencore allegedly "considered a bid" but then I could say that I considered a bid too.

Someone thinks it's not happening, judging by that dump...

The demands and cheering in some quarters for more arms being sent to Ukraine is peculiar...This will simply prolong the stalemate and increase the body count yet further, as Ukraine do not have the manpower to reclaim significant territory. The only winner has been, and will continue to be, Uncle Sam.

How different are the borders now, versus January 2022 or even compared to January 2014? How was this all worth it?

Kentio, only with FTSE 100 names do I hear people proudly announcing that their dividends have offset capital losses. This isn't something that anyone really sets out to do when investing...Divis are supposed to be icing on the cake.

Agreed re the rest of the world smoking though, 40-50% of men in most high population countries smoke. Because "this is what real men do", or so clients tell me in China, Russia, Indonesia, Turkey, Egypt etc.

Alex, most of the world (by population and GDP) still trades with Russia and will continue to do so.

"This could be another Rolls Royce in making perhaps."

In terms of multibagger potential yes, but I think that's where the comparison ends...

Comeonvog, plenty of investors ready to jump back in at any time? Chance would be a fine thing...

The dismal volume and most PM miners falling below even March 2020 panic levels in February 2024 suggests otherwise. The big boys with the serious wonga are still not convinced, this sector is principally just the realm of long-term bagholders and hobby horse PM investors.

Rick Rule telling his disciples to buy Fresnillo and First Majestic in 2021 and Peter Schiff ramping Barrick at $25, there are 101 examples like that from sector "influencers" which are endemic to this space.

"Fool me once, shame on you, fool me twice, shame on me" is the investing consensus, it seems.

"Compelling entry point, considering BP's solid market position and strategic shift towards sustainable energy. I believe this investment holds potential for growth as the company adapts to evolving energy demands"

Think I remember someone saying that 15 years ago at 600p.