Member Info for Jerryspaniel

From what I have been reading this is going to be Trumps Vietnam. He won’t be able to control Venezuela as it’s full of very well armed lawless gangs. The US oil companies won’t materially improve the oil supply for many years and will they be able to manage in a country where the people hate them? Many Brics nations will be continuing to dump their dollars in response.

All the world’s reserve currencies ended being the reserve currencies after a war. Is this the moment the US cedes its dominance in a major misstep?

BC, do you mean Powell is ousted, as most think Bessent is a stooge.

£3600 I think, not £3000.

Depends who you believe on the 26 production. Plus your definition of small.

Chrome, Ggp have OTM puts for a small % of their 26 production. Exact details are in an RNS.

Think it’s a 1-2 year trade. Maybe 5% of portfolio.

Morning TmT from Melbourne. Great post. Absolutely spot on. I haven’t had any spare cash till this month. I agree with you on buying the majors. I was going to start with BP as I thought there might be a takeover, but the obvious candidate, Shell, seemed to have nixed that. But I am in no rush, so will do some more research. Might now start with an oil producer etf.

Charlie they are puts not sales. The cost of the puts was w/o on instigation. Please get your facts right.

I don’t think there is a lot of spare capacity in the world. The Permian isn’t adding any, they just about replace their declining production and they are the swing producer as quite high cost and so the price has limited downside. Not rushing in just yet but you could say that I am a scale down buyer.

Not just you Sage. I have held loads of Ned’s fund for some time. I love the silver emphasis in a bull market. My problem is what next? Long term I like oil and the producers but will scale in slowly. Plus it a reasonable hedge to Ggp, as Shaun doesn’t want to hedge any of his cost base.

They are the biggest industrial consumer of silver, and getting bigger with all the solar panels they make.

Samsungs new solid state battery might be the icing on the cake.

Great to hear from you Coach. So pleased to hear you are still invested. Feels like an ageing rock group from the 80s is reforming!

Merry Christmas Coach.

Merry Christmas to absolutely everyone on this board. Already Christmas Day morning here in a very chilly Melbourne. This year was by some margin financially better than I could have imagined. Let’s hope 2026 is just as good and exciting too.

It’s a very modest % return and annualised it’s even more modest. Any other mining stock it would have been much much larger. On that old Lord Braggart might agree….

Denial, anger, bargaining, depression and acceptance.

It’s clear where some are. Fort = anger. Red knight =denial. Addicknt=acceptance.

Personally I am at acceptance and look forward to getting my modest six figure profit and moving on. Lots of lessons to be learned. The main benefit will be not to have to think about this stock anymore.

Ghost, many apologies for getting the promoter of Cobra wrong. I will follow it with interest. Willem has educated me on not buying pre drill, but waiting for the results, even if it means missing the first move. So I will register for updates and see if I can get an entry point at some stage for a decent position. I will listen to the SR poddie but I can’t say they are my favourite people. Always missing the big question in favour of a smartar$e comment.

Many thanks for the idea.

Good Afternoon from Melbourne TmT. Actually I did have a trade or two in Pt. Mainly via Valterra. I am a big fan (thanks to E1) of the Money of Mine podcast and they had an interviewee who was talking about Pt. Seemed my sort of trade and made enough to pay for this holiday. But it was a trade not an investment so I never made significant sums. I am minded to go back into it on any weakness but I think that ship has sailed sadly.

Sorry to hear that you are just passing through and not staying on here. I hope you reconsider as it’s made my year to reconnect with you. I do love the way you deal with miscreants. I only have two ways, filter and/or abuse!

My last comment on the subject.

We have two camps. One saying where the hell did that production number come from, I think you are way out. The other saying why can’t he sell after all he has done. They are two conversations, not one, and I agree with them both.

But I do wish all posters would stick to subjects that they are somewhat knowledgeable about. Not chat that sounds like the local pub bore.

When I start talking geology you will know that I about to be sectioned…..

TmT. You sound surprised? 😉

Thanks ggptt. I will keep an eye on it and buy on drill results. Not really a fan of rare earths, as don’t understand them, and think the hype is overdone, but happy to be educated over time.