Member Info for FrankyS1971

PS...i know its tempting to jump when you see other stocks doubling price in days but i think the market is going to take another big leg down shortly!! Barrick will drop but only by a bit compared to some....lets see. Good luck.

Yes that was a nice bump up Super. I am looking hard at other ideas and i guess at some point copper has to get attractive but the GP has a long way to go..finally in the black with aca investment and nicked a few grand with centamin. I think if you can keep a time horizon of 1-2 years, you will see barrick sp double again so i will hold unless the dollar v pound dynamic starts to shift too much...i am researching other smaller miners that the big guys might come and buy so any ideas are welcome!!

Yes that was a nice bump up Super. I am looking hard at other ideas and i guess at some point copper has to get attractive but the GP has a long way to go..finally in the black with aca investment and nicked a few grand with centamin. I think if you can keep a time horizon of 1-2 years, you will see barrick sp double again so i will hold unless the dollar v pound dynamic starts to shift too much...i am researching other smaller miners that the big guys might come and buy so any ideas are welcome!!

I suspect running out of storage is the end game. Storage gets more expensive so costs go up further, that makes everyone hedge further, pulling the spot price lower and opens up 10-12 dollars a barrel. Saudis best positioned to weather the storm and clear out the competition and then in 2-3 years time all the under investment leads to a spike in prices when they will be enjoying a larger market share with $100 dollars per barrel. Short term pain, long term gain.

I think you'll be fine at those levels Theosus, though I wouldn't get too greedy! I'd be surprised if there weren't some opportunities to bail out and make a bit at those levels. As we know its a tough old game!:-)

See Theosus I get the T/O story, but the question is why buy the whole bank? You are going to be able to pick up the better books of debt at a premium when they become a distressed seller which is to me the likely outcome. Why would you buy all the unprofitable books of business as goodwill if you don't need to? Further why would a major Bank buy an unprofitable Bank in this market when its all about holding on to what you've got??? You would lose your job quite quick as a CEO if you bought another Bank and then spent millions integrating an unprofitable business in to your own, just to then manage the costly disposal of dysfunctional assets. This makes no sense.

Ha! Sorry I'm a bit boring and will have to dissapoint. I have shares in Barrick and got rid of Centamin last week and nicked a few grand. I have a small long term bet in ANIC as its a proprietary industry and just interesting and I have a medium sized bet on HECLA longer term as silver will catch up with gold at some point. That's my lot.

I must confess, I enjoy reading the Tullow share chat as its even more unhinged then Metro. That lot reckon the shares will bounce 200-300% :-)))) with no chance of bankruptcy. I like reading Metro as I can't make any case whatsoever in my head for it, but then there is always a price worth a punt and if it gets to 50p I might take a look otherwise its simply not worth the risk, which is massive as the wave of bankruptcies comes a knocking..!

Focusing on value haha. Like you know what that is. It does sound good though. So what formula and stats are you using to identify "value" prey tell-). Does it involve a finger and some air by chance??

Once again tornado you are ignoring for whatever reason the enormous surplus of oil. It will take until next year before inventories start to unwind at the earliest. What will help this process is the shutdown of many operators that can t produce at these levels. You will therefore be disappointed if you believe there is going to be some sort of recovery anytime soon in Brent/Nymex price. I can only offer a humble opinion but Tullow is very likely to go down in time because it has huge debts it cant service and now its assets to borrow against are worth less. Not hard to figure out.

We do and good spot regarding our special dividend! I d given up. Don t forget we are 10% better off with FX as well though when that unwind it may hurt so knowing when to jump off is a tough call!!!

**** super...sorry you re being clobbered elsewhere...I got super close to trying to catch various falling knives and in the end bought 20k of centamin a couple of weeks back..suddenly they are up. We are really early stages of a long gold bull rally. Give it 2-3 years and we ll be beyond the previous barrick peak of 55$ approx. And dare I say closer to 3000 per ounce yet alone 2000!!.. I want to revisit silver big time and later on copper...I don t get a lot of stocks well enough as there are a few FTSE 100 businesses that have gone bankrupt or are limping toward it so big business doesnt mean safe. At least metals are cyclical and then the rest is patience...

I am on here because the amount of ramping **** I ve read here has been unhinged and because I ve never understood how anyone could ever be bullish on this stock. I guess mentally sparring and being right is really satisfying and if I managed to persuade someone to think twice before chucking good money after bad then it was worth it. I ll come back and say hi when this is 50p when the earnings season reveals the damage. Tutty bye for now.

wow you have issues. Well done me for resisting buying into this stock all the way down. Well done me for coming on here to put a finger on the pulse and get a feel for making the rightchoice. Well done me for being honest, consistent and not getting into some juvenile name slanging multiple ID rant etc. Sorry for saying not to go against ODey and the likes and for calling this right. Sorry for voicing my opinion and offending you.
The truth is you are very bitter and angry because you have lost a lot of money and you want to point your poison somewhere. Mirror in the bathroom?

You want to go back to last year mush. I have consistently been an almost lone voice just calling it for what it is. That's not deramping pal as I have never owned these shares and I wouldn't know how to short. I wrote in october that risk was being totally underestimated and when it moves it's faster than you can comprehend and to sell and get out of this stock. Ever considered people are trying to help? Sorry for being bang on the money. If you can t see how bad this will get then just hold. But you ll be poorer.

Nice to revisit and see everyone tearing lumps out of each other. Are you all ready for the brewing banking crisis on the way?? 50p on the way.

Looks like gold is dislocated from the markets for now and barrick taking a thumping. When the market stabilizes portfolios will be far more defensive and we will be first to recover. Still seeing 1800 gold by end of year but wish I had sold to buy back in Super.

I said a couple of days back I d come and say hi at 7p. I ll check back in when its 5.p At least I don t have to listen to stretchum blather on about the imminent leap by the looks. That will never happen for reasons so abundantly clear its not worth labouring the point. Enjoy catching the falling.knife.

I will try and be positive with one metro aspect. The Fca will go a lot easier with the fine given circumstances. That said, if people start getting mortgage holidays at a time when bad debt is rising then...well...guess the rest. Still very bearish with this stock. Got will avoid liquidity issues I think so don t see a run on bank though a live risk. SP can happily halve from here again IMO

What's the better buy this mouldy dog s dinner or this tray of burnt flapjack ?
Great choice you're offering. I suspect neither.

That right it's just algorithms making investment decisions. It's all algos doing it. Flip me that's literally funny.