Member Info for JohnLewis79

Sellers knocking PAT!

Good 2 way business this morning ahead of AGM when hopefully some news will be leaked out. Current buys 1•54:1.

Hi Sherwood, the jobbies can just pop down to Borough Mrkt and pick up or borrow some stock.... I seen them skulking down there on occasions!

A late one? If not what are they going to talk about at the AGM this morning?

Sounds good Metals, wow playing with your Dad...awesome. Hope PAT delivers the goods but don't forget that 1!!

Morning Metals a man after my own heart.....I got down to 1 at Royal Porthcawl in my youth (2 cards req). I left Wales years ago and played all my golf in South London on public courses. My nearest at Mitcham a 'baby' Royal Lytham was a real test if you were wayward off the tee. I developed duputrens hand problems which with my playing regimental golf finished golf for me. I still enjoy trailing round our Sunday 4 looking for their balls and giving them gyp!

If you look at the 1 Yr chart you can see we have ways to go. Much depends on an RNS hopefully today, which will inc JVP news. I don't expect to hear that we have been granted our PL.....yet. Drill updates might come in late November. I think MB who has played a blinder to date will keep some of his powder dry.

The mrkt for reasons only known to them tanked the stock from 18 in July to a low of 10 in the face of a barrage of good news. Holding on and adding takes nerves as we are told the mrkt is all knowing and all seeing and you buck the mrkt at your peril.

I have much sympathy with Gengs post of yesterday at 17:52 as the most likely explanation. I might add that for those keen on Vol trading nos, during the period (wks 26-45) buys outpaced sells 51:49. Go figure.

A near 200 fall at open put US traders on the back foot noting inflation rising in the UK to a decade high of 4•2% and as in the US they expect the nos to get worse as nobody is cutting prices.
Many observers think double digit inflation is already here and out of control. While the US Govt continues to spend well beyond the wealth it creates, Bidens latest stimulus package called "Build Back Better" will only add to the enormous public debt of nearly $30tn.

At lunch the Dow was off 175 as the last few 500 companies concluded their Q3 earnings nos. Target fell 5% to $253 as Q3 margins were squeezed and Lowes hit $255 in early deals as demand from builders for tools etc, to supply the booming home improvement sector exceeded Co forecasts. Lowes ended at $249 despite increasing Y/E nos. Macys and Kohls report today and Gap next week.

Rivian which had an electric start to its public stock market life (+71%/$161) fell back 18% to $146 on profit taking while Tesla added $33 to $1088 just as JPM started legal proceedings against the car Co, accusing it of flagrantly breaching a 2014 contract relating to stock options they sold to the Bank.
Also depressing the mrkt housing starts declined for the 2nd straight month in Oct as job vacancies grew along with lumber and copper prices impacting demand. Visa fell 5% to $206 after Amazon said it would no longer accept the UK card in response to a fee increase. You mess with Amazon (+$18 to $3559) at your peril. Visa sank to the bottom of the big board, Apple ($153) rose to the top.

DJ -211 (35,931)
SP -12 (4689)
NS -2 (16,308)
R2 -15 (1444)
WTI $77•48
10ytb 1•585%

MSCI(W) -11 (3221)

Latest:- Oil $80.00. Vix 17•11
Gold $1869. Copper $4•241.
Palm $1360. Silver $25•120.
Bitcoin $59,913. $1•348. €1•191. Yen $114•021. Yuan 6•375. FF -1. DF +12
Morning all.

Hasiba you feeling alright?

Well, well, well..... all we need now is boyo and bunks and we will have the fab five from G invested here! Welcome hydrogen.

A reminder the AGM at 11:00 am tomorrow in London. I expect a news update ahead of the meeting.

US stocks rose yesterday following Walmart and Home Depot excellent nos and retail sales data showing bouyant consumer spending in October. The total value rose by 1•7% topping consensus 1•4% and given that consumption comprises about 66% of economic activity its critical inflation is kept in check.

To date 91% of the top 500 have reported and 81% have beaten Wall's forecasts due in the main to rock bottom rates giving companies pricing power which has boosted profits. Good nos from the manufacturers (best since 2019) and industrial production which included output also beat expectations.

Home Depot topped the big board gaining 6% to $392. Walmart off $3 to $143 propping up the laggards with yo yo stock Boeing. Tesla got a boost when Michael Burry of 'The Big Short' fame exited his 1,000,000+ put option on Tesla the shares up 4% to $1058.

As mrkts scale new highs on a weekly basis siren calls are becoming ever louder warning of an imminent crash.
Whatever the merits of the bears arguments there's no doubt next year is going to be much tougher for companies to match Q3 & Q4 nos.

DJ +54 (36,142)
SP +18 (4701)
NS +121 (16310)
R2 +4 (1460) R
WTI $80•09
10ytb 1•647%

MSCI(W) +3 (3226)
Gold Bugs -4 (275)

Latest:- Oil $81•76. Vix 16•37.
Gold $1856. Copper $4•340.
Palm $1130. Silver $25•020.
$1•342. €1•189. Yen 114•865.
Yuan 6•387. FF -30. DF -2.
Morning all.

star76 I take your points about Aim buying and more importantly selling. I have yet to experience any problems you refer to a la RMM, not to say that I won't but I'm hoping if all goes exceedingly well PAT will be bought out long before I need to sell.

I think every pis needs to have an exit strategy especially if your sitting on a decent profit. I'm aware of the pit falls but let's get into the profit column first!

The mrkts response to Cora Gold's MRE nos this morning was luke warm. I don't know enough about Cora to comment but a glib response from a cynic like me would be "Whadda you expect?" Oh well I guess a 5% fall wasn't disastrous, annoying, yes.

Maybe they expected 1 mil ozs
but whatever the case the mrkts response will be directly opposed to yours leading to pis frustration at the unfairness of it all. We know its got nothing to do with fairness the mrkt is there to serve us not make us rich. How we achieve that requires an enormous amount of luck, timing, great stock picking and the 'stones' aligned by the Ju Ju men.

So, what can Panthera expect when Bassala or Kalaka announce drill results? If the past is anything to go by, not a lot. Will a major JVP be the catalyst for a rerate? Will India turn up trumps? I really don't know anymore and trying to second guess mrkt moves rarely works well. If your staying put you'll just have to put up with what the mrkt thinks PAT is worth.

Current value of £12•36m will be chump change if any of our (8) W.A projects hit the 1m ozs/ 1•25 grade. Above that you have a mine and remember as MB said the cost of capital is the no 1 cost of developing a mine. Our recent deal with DFR gives us a free carry of c.$18m, that's equivalent to 18 pps with a buy back right of c.7 pps to in effect lose 10%. That strikes me as one hell of a deal.
Evening all.

PS. Two days in and already over 1m traded.

Morning Troajan. Absolutely agree. Not a cat in hells chance of putting any cash in that dog. Posted just for reference.

Red Rock (Workings in Aus, Colombia & Kenya) are applying for a number of gold prospecting licenses in Burkino Faso & Cote d' Ivoire. RR has 1•2bn shares outstanding at c. 0•5p.

Mrkt cap £30•56m (12•275p).

Little movement on US Exchanges yesterday as investors withdrew to the sidelines awaiting the first face to face virtual summit between Biden and XI Jinping. Both leaders were in cordial mood and stressed the need for more cooperation and not open warfare. This was Bidens 3rd talk with Xi J since becoming President. Likely more gloss than substance in this instance.

However more troubling for investors is the Fed's policy makers whom many think are making serious errors in tackling inflation. With price rises across the economy, wages going up but not matching inflation and in put costs rising the Fed's view on inflation being transitory is not what investors believe. Andrew Bailey BOE Governor said he was very uneasy about the inflation situation, expected to hit 7% in Q1 2022.

Today US retail sales data will be out, expected to rise by 1•3% while store giants Walmart and Home Depot report Q3 earnings followed later by Macys & Target. US housing start nos on Wed. Boeing topped the big board rising 5% to $233 on hopes that China will resume buying the Max 737 Jet and some sales success at the Dubai Air Show.

T/bills hitting 1•6% pressured the USD higher and Gold closed lower the first time in 8 sessions but futures saw a rise for Tuesday as generally speaking rising inflation is good for gold.

DJ -13 (36,087)
SP u/c (4683)
NS -11 (16,189)
R2 u/c (1456)
WTI $81•57
10ytb 1•608%

MSCI(W) - 26 (3202)
Gold Bugs +1 (279)

Latest Oil $82•72. Vix 16•49.
Gold $1868. Copper $4•426
Palm $1370. Silver $25•240.
$1•342. €1•180. Yen 114•147.
Yuan 6•372. FF +5. DF -1
Morning all.

Off the days best as sellers got the upper hand and took a c.1p profit. Doesn't work for me being in for the long haul but at least we ended up on the session. Can't be sure the bearish trend has been halted but it kinda feels like sentiment has changed for the better driven by Bhukia hopes. No doubt potential buyers are waiting for an up trend to be established, ie more than a couple of days rises before committing funds.

MB news should help those undecideds whether to invest in an early stage explorer with all the associated risks before any decision has been agreed on our Bhukia prospecting licence. Not an easy call if you think the mrkt has ascribed value to Bhukia already. I don't think there is any Bhukia value in PAT atm which makes a buy decision easy for me to make.

Of course if we have to go down the litigious route the stock will suffer. Anyways I bought on WA prospects with c.33% of my holding on a result in India. Evening all.

Sells being absorbed by buys at lunch
which is positive given the 1•25 on offer for profit takers. Deals already more than yesterday with vols just behind another positive.