Member Info for JohnLewis79

Thanx NTG.... but on balance I'll stick with the current bare bones report.
It was time for a break as I have been doing this on various boards for over 5 years.

DJ -97 (33,795)
SP -23 (4363)
NS -208 (14,035)
R2 -9 (1317)
WTI $109•72
10ytb 1•777%

MSC1(W) -22 (2942)
Gold Bugs +3 (294)

Latest:- Oil $112. Vix 30•5.
Gold $1942. Copper $4•836.
Palm $1950. Silver $25•265.
$1•339. €1•209. Yen 115•365.
Yuan 6•319. FF -86. DF -190.
Morning all.

At JST 2•00pm
-------------------------
TK -627
HK -600
SH -30
SK -36
STI -12
ASX -59 (closed)

Thanx star786 for the Court case update but I couldn't access the link.

DJ +596 (33,891)
SP +80 (4387)
NS +238 (14,244)
R2 +35 (1326)
WTI $114
10ytb 1•860%

MSCI(W) +33 (2964)
Gold Bugs -1 (292)

Latest:- Oil $117. Vix 31.
Gold $1926. Copper $4•732.
Palm $1945. Silver $25•310.
$1•340. €1•208. Yen 115•653.
Yuan 6•317. FF -9. DF +20.
Morning all.

....Orphanages, schools and hospitals are now being shellacked by Putin's thugs as we continue to watch and wait...."sorry lads keep up the good fight were 100% behind you".....was going to be the first para of tomorrow's post or something similar. No longer.

I'm more than fed up, dispirited about the wholesale massacre of innocent civilians, for thats what's happening in Ukraine and given all of you are well aware of the on going genocide, i cannot add any useful commentary to the tragic situation that you could not yourself or want to be reminded of....

To this event I shall no longer post any personal comments on the war or mrkts and confine myself to the bare closing numbers, dull as that might be...as at the end of the day that's all that matters.
Evening all.

Absolutely mickey1122 but it's all supposition atm...all I'm trying to ascertain is wtf happened at the hearing today....

Yea Cairn have got the money but we have ways to go and until we have the cheque as far as I'm concerned it's still in the post....

Prof...im unsure as to what your saying. Is today's case over and if so what's the result? Is it we go forward to arbitration in goodness knows when? That doesn't sound like a win for PAT more kicking the can down the road and further uncertainty for investors.

Yea dead right rugs and London quoted Palm oilers sp's doing sfa!

Here's my 20p worth of current gold and base metal prices. The 'war premium' is not the only factor driving gold higher, other factors are at play. For instance the Fed might find themselves up s**t Street unable to raise rates if a recession is on the way and they wouldn't do that would they?

From memory a recession is 2 quarters of negative GDP growth. Q1 is primed to be negative. As embargo & supply snafus push up prices of oils, grains, copper, silver and gold which have to be passed on to the consumer at the worst possible time, gold is only going one way.

Thus a great time to have exposure to base metals, even if by some miracle Putin withdraws gold will have settled into the $2000's absorbing the war premium and boosting explorers share prices.

Hi Caravanboy. Eve has been on my watch list for a longtime but all my eggs are in PAT. Any free cash is spent on essentials like beer....gluck.

Diplomatic moves are being ratcheted up as shelling of civilian areas continues unabated in an effort to waste the area and break the will of the people. With tanks just 15 miles from the Border, Boris Johnson has flown to Poland to meet Europen allies to discuss the next move fom the Western alliance.

How long can Europe stand idly by and watch the unfolding bombing and killing of the Ukrainian people? These are innocent people. Wringing our hands and asking Putin to withdraw doesn't cut it for many people, who rightly or wrongly feel Europe is full of rhetoric and passionate words of encouragement but needs to put boots on the ground and face up to the Robber Baron Putin.

Unfortunately for the hawks Europe is not at war with the Kremlin, whose warmongers are looking East towards China for sustenance and political backing. No fly zones are out of the question for fear of shooting down Russian jets and anyway as only the UN can agree to no fly zones and as Russia has a veto....end of.

Putin's downfall must surely come from within. The ordinary Russians already menial living standards will inevitably lead to more poverty and hardship as sanctions bite and the ruble loses its purchasing power. The cost of living may be 70% cheaper in Russia than the UK but its hardly a relevant statistic.

To date civilian casualties are low but rising and if resistance continues in Kiev and Kharkiv and a long drawn out guerilla war ensues which is likely to be the case, casualties on both sides will be in the tens if not hundreds of thousands effectively leaving Ukraine a wasteland, should Putin's war machine prevail. Brave Ukrainian men and women are fronting Russian artillery on the road to Kiev, shades of Tiananmen Square in 1989.

In the last few days 100,000 people have signed up to defend their homeland as arms flood into Ukraine. The fear is Russian tanks will encircle Kiev and a lay siege to the Capital and if successful install a bunch of Kremlin hoodlums to run what's left of the country.

Stock mrkts fear the worst with London's ftse closing down 128. Gold is surging higher ($1940) and oil is over $105 as investors fear a quasi Armegeddon scenario about to befall Ukraine and spilling over into Europe.
The Dow fell 180 at open but a dead cat bounce petered out and was heading nearly 700 lower at mid'day. The NYSE has halted trading in Rusky stocks and in London Evraz & Polymetal will be kicked out of the ftse 100. This is the worst start to a new year since 2020 for US stocks and the 4th worst Feb performance in 71 years.

DJ -598 (33,295)
SP -68 (4306)
NS -232 (14,006)
R2 -25 (1291)
WTI $108•61
10ytb 1•744%

MSCI(W) -47 (2931)
Gold Bugs +12 (292)

Latest: Oil $110. Vix 33•22.
Gold $1940. Copper $4•560.
Palm $1975. Silver $25•265.
$1•331. € 1•197. Yen 115•024
Yuan 6•311. FF +13. DF +115.
Morning all.

Must say I hadn't connected the 2 dates being so close date wise. Perhaps it does herald some agreement among the parties....not long to wait.

I agree Nelson the Dog. No poster should become the object of discourse. The less said about me and more about PAT the better!!!! I think I've said enuff. A very good morning to you.

I'm certainly not going to reread my posts LH! Don't think I have been overly pessimistic as to PAT more disappointed by the mrkts reaction.
I really think you are overstating my influence on holders of PAT whom I'm certain would not make any investment decision based on anything I say, in fact I have specifically stated on a nos of occasions do the opposite of what I say because my forecasting record is poor and I wouldn't give myself a tip let alone anyone else.

But heh I'm fine with your view and as rugs said there's a button somewhere for you to use. Personally I don't like to filter views opposed to mine for after all we have free speech and opposing, negative views are just as valid as positive posts and in some cases more valid.

Portfoliopower....wouldn't disagree with your bofp calcs but I don't like to get ahead of myself especially when it comes to estimating gig, grades, costs etc...

I remember MB saying a •6m ounces mine could be profitable and over our 8 WA projects that is likely at the low
end. We're very much at the orphan stage with a good few years to prove up the resources into commercial viability. The mrkt is taking a very pessimistic view of our prospects and if you believe that to be the case at 11 its a BOGOF.....

It's not going well for ex KGB Chief Putin as the war rumbles on through 6 days of fighting. His forces reluctant to kill their Slavic cousins have yet to take a single Ukrainian city though several towns have been destroyed. Putin has been forced to the negotiation table with no pre conditions. Pictures of a tractor pulling a broken tank on a deserted road has gone viral causing much derision on global Social Media sites.

To date Putin has committed 60% of his forces mostly of variable quality, yet satellite pics confirm a 40 mile convoy of heavy artillery is about 20 miles away from Kiev and looks unstoppable. If Kiev falls everything changes. Worries over him pressing the nuclear button maybe over stated as their are several levels that have to be cleared before anyone can "go nuclear" Putin knows pressing the button will invite mutually assured destruction.

Europe has ramped up monetary sanctions, Switzerland has frozen Russian assets and Russian sportsmen and women have been barred from FIFA & EUFA sporting occasions. Day by day Russia is being isolated becoming a pariah State. Will the Russian people massively against the war revolt and rid themselves of Putin who has boxed himself into a corner of an unfriendly foreign field?

London closed well above day lows adding over 100 in the final hour and the Dow got within 90 of Mondays close but has fallen back 500 in mid afternoon trading. Travel stocks saw the brunt of selling, Delta, Jet Blue and American Airlines with Hilton hotels, Marriott and Wynn also coming under selling pressure.

Crude (Brent) rose over $100 on concerns Putin would scale back production and Shell has ceased all joint ventures with Gazprom worth c.$3bn. BP intends to dump its c.20% stake in Rosneft. Russian ships carrying oil have been turned away from European ports. Gold hit $1935 but has fallen back. US T/bill yields slipped and US goods trade defecit hit a record high of $107•6bn in January with every category posting an increase in imports. Exports plunged 12%.

At close:
DJ -166 (33,893)
SP -11 (4374)
NS +49 (14,238)
R2 +5 (1316)
WTI $ 96•59
10ytb 1•853%

MSCI(W) -2 (2978)
Gold Bugs u/c (280)

Latest:- Oil $98•94. Vix 30•15.
Gold $1908. Copper $4•502.
Palm $1757. Silver $24•400.
$1•341. €1•198. Yen 115•104.
Yuan 6•311. FF -32. DF +20.
Morning all.

Russian Central Bank raises rates to 20% from 9•5% to prop up the rouble and stave off inflationary pressures. They have also told companies to sell 80% of FX revenues.

Well that's one bit of good news...

A mixed start across Asia this morning as investors track events in Ukraine. Putin's threat of putting his nuclear arms on high alert is seen as a bluff. There would be no winners in a nuclear war. Talks between Putin and Ukraine today are seen by many as delaying tactics by Putin who is having problems supplying his forward forces.

Saving face is rapidly becoming a reality for Putin who badly miscalculated the strength of Ukraine's military and guerrilla forces fighting street by street. Europe is supplying $500m of weaponry to Ukraine to bolster their defences in the event of Belarus joing Putin's war. Sanctions are beginning to bite, the rouble has tanked 30% v the USD tis morning, even the Russian Central Bank will not buy roubles as currency investors flee to the USD and Yen. There is talk of the RCB closing its doors.

Tokyo's Nikkei 225 is down 150 in very light trading as is Shanghai off 5 and HK 316 lower. Australia is 46 higher on back of oil and resource stocks gaining. Brent at $99•54 and April gold futures on the Shanghai Gold Exch trade at $1908 this morning.
Stocks in London and NY are called around 1•5% to 2% lower at open.

Latest:- Oil $99•86. Vix 27.60.
Gold $1913. Copper $4•506.
Palm $1640. Silver $24•320.
$1•335. €1•197. Yen 115•487.
Yuan 6•310. FF -105. DF -550.
Morning all.