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Your first response is valid- your second one is sixth-from debating society. Sanctions-like war itself-dish out a disproportionate amount of suffering on the poor and innocent: they don't seem to have achieved much in North Korea.
Tony: brilliant post from you on risk spreading in investing and I apologise if my use of naive was seen as dismissive.
It wasn't meant to be. I am new to this game, only been doing it for two years and made loads of mistakes.
One of the big things I have learnt is about risk spreading and I would take your advice one stage further Tony.
Within equities you should spread risk. For every grand you have in a company like Pensana, you should be anchored with at least 3 in National Grid, LLoyds or L@G (Blue chip div payers who won't go bust).
This is a lesson I have learnt : I started out with LLoyds, Tesco and M@G and made quite a lot of money as they recovered form Covid.
In the meantime, I got interested in new technologies-and have personal connections with Africa, so I put money into all sorts of interesting projects.
On the whole, I have got away with it but more by luck than judgement.
I think the prospects at PRE are great and I fully expect to make money here in the next couple of years.
However, it is a 'project' and could go tits up. To deny that is foolish.
That's where the National Grid comes in: balance of risk in portfolio not only across all investments.
GLA.
...this is great and exhilarating and one of my accounts is now in the blue, Yeh.
But let's remember what our management were told on the roadshow with IIS.
Stable growth, realistic guidance figures, control of costs, etc etc.
Otherwise we look like a crypto currency with some big investors knowing when to jump on and off the merry-go round.
Clearly, the price of the commodity we sell is a fundamental and it's going up, so we can't argue with that.
Hopefully, this will help us get rid of Dufurco but what then ?
We need some IIS for the long term.
GLA
Rich-don't engage with NS, he's a loon. Posts illiterate conspiracy *******s- has a history of doing it. Also a serial idiot, When he's in, AU and Shanta are going to the moon, then he sells out early and snipes from the sidelines.
..IMHO there are some very naive investors here who probably should have put their money elsewhere.
I'm none to pleased to be 40% down but it's par for the course with this kind of investment.
The problem with this BB is it's full of zealots at either end of the spectrum.
You've got me old china telling you it's a sure thing and then you've got Theorist et al spouting a load of rubbish at the other end for very dubious motives.
Get real folks: on the one hand there is massive potential of a very significant resource in a sector where all the future macro signs look good. Along with this is the enticing prospect of cashing in on the value chain with a processing plant here in the UK.
On the other hand, there is massive execution risk in all this kind of mining venture, along with the difficulties of financing the whole scheme, and UK jurisdiction risk (LOL): Can we build the thing ?
The current SP is irrelevant. It could rerate at any time. It simply isn't true to say as Theorist does that it dropped from 200. It spiked there freakishly: nobody thought it was worth that.
There are many other really good companies ( TGR, EQT,ITM, BMN, IES, MKA) that are trading considerably lower than their peaks and will surge up again.
So be realistic. This kind of stock is fraught with execution, jurisdiction and finance risk and is, therefore, extremely volatile. If that isn't for you, go and put your money in the National Grid or UKW.
But those who hang on will be rewarded sooner or later.
GLA.
Hi Viable,
Glad you are still here as well.
Don't actually know Afrikaans but fluent in KiSwahili.
A week in Iringa with memsahb's folks, then a week around Arusha for Ngorogoro-possible third week in Zbar staring at the ocean.
Mick- I think she's got her hands tied to a certain extent: she has overturned so much of the Megafool legacy (borrowing money again, allowing vaccines, removing key Megafool stalwarts including the noisy anti- Western speaker)- that she can't be seen to bend too much to a pro-investor agenda.
I think our guys have got to try harder on this; they've got an established business in the country making money and employing people. It's not some wildcat exploring outfit. To be honest I lost the faith here for a while last year.
I know these guys have got a lot of balls to juggle but they dropped too many of them last year.
Managed to average down a fortnight ago and only a bit underwater now.
GLA.
I'm going out there before the end of April.
Hi Bumble,
I agree but the point I was trying to make is it isn't just about the environment: our consumption of oil and gas distorts the world geopolitically and morally as the current situation shows. BP has been too slow to review these dubious investments.It should have already got out and put more into hydrogen and other new technologies.
Take another example. Due to its oil reserves, we have to treat Saudi Arabia as though it's a reasonable and viable partner when we all know its a terrible medieval autocracy. The fact that we have to treat it as a proper country has very far reaching economic and political knock on effects which the whole world could do without.
Putting more into renewables is not just good for the planet environmentally, we can marginalise some of these terrible places.
Also very good for UK PLC- and LLoyds- where we have the right geography, excellent scientists, investment community and attitude to benefit.
https://www.thecitizen.co.tz/tanzania/news/report-lists-factors-attracting-investors-in-tanzania-3728042
No mention of VAT though
Many BP holders here and many bellicose views on the current war.
A good time to divest in BP, Shell etc and get into renewables.
Don't want to cross-ramp, but quick research throws up some Scandinavian windmill makers who did very well this week as wider realisation that dependence on Oil and Gas is more than an environmental issue becomes the norm.
UKW-already mentioned here by others-also doing well.
LTI- anything else ? Yes, you forgot that you were British and became English in one of your posts.
You've noticed that all your neighbours are not white, do you know what their nationality is ?
Anyway, it's just banter.
Hopefully, we'll bounce tomorrow, then I can sell half and branch out into windmills.
GLA.
.....LTI you are extremely confused with your terminology. You are just using terms like 'indigenous' and ' ethnic British' as synonyms for White. Incidentally, many people here who are white are neither British by nationality nor ethnicity whereas many people of sub-continental heritage were born here and have UK passports.
And many people who consider themselves to be 'White British'-when they have their DNA tested-turn out to have lots of Maltese, Italian, Hebrew, Turkish and yes-Ukrainian ancestry.
That term from Wikipedia is anachronistic and basically an administrative classification from poorly thought out HR forms.
It is anachronistic. The real British-if they exist were the pre-Roman inhabitants of these islands most now living on the Celtic fringe. Many of us are descended from Germans and Scandinavians who came here between the 5th and 10th centuries.
Even those 'true Britons' of Celtic stock were really from northern Spain.
Being British is an issue of Nationality.
Hardup; Which diplomatic channels has the west been through?
We've been playing at diplomacy. Putin made himself quite clear and we decided not to listen or engage.
He doesn't want a new member of Nato on his doorstep- nobody has engaged with him on this.
Don't misunderstand me, I think he's sinister scum but it can't be said that the West has engaged in any meaningful diplomacy, because it hasn't.
Also consider what he hasn't done. He hasn't invaded Estonia, an existing Nato member with a latge ethnic Russian population on his doorstep.
Glad you are well. I think TP had a brief resurrection as Trufflepig but then disappeared again. I think he was part of a semi-professional deramping crew along with Darthtrader (who was posting here until relatively recently). He was also a good poster. although I disagreed with much of what he said, he was respectful and interesting.
I also wonder about Rosewall- another interesting poster, although a bit Scottish for some tastes-no longer of this parish.
I see you on M@G and L@G, where I'm also an interested party, but don't post much as there isn't much of a dynamic-unlike here.
honoured to be filtered by you , you tedious little nonentity.
In other news, results tomorrow.
Consensus 1,3p div, buy backs, special a nice extra but probably not.
Under current circumstances, we'll do well to move up a percent or two.
GLA.
,,,,,but it isn't a serious country, A serious country couldn't have Johnson as the leader. If further proof is needed look at our next head of state, For some reason, he has some credibility as a spokesperson on the environment. When asked to comment on his contribution to tackling climate change at the time of COP26, he replied, 'I run my Aston Martin on white wine and cheese'
He actually said that. This is not a serious country much as I love it.
You really couldn't make this stuff up.