Member Info for jollyspeculator

i say

sensible

yr post was deliciously ill timed lol

today after decent buy this am ..hope you r recovering, dibs, too

pretty weak report but may be blip..market has reverted to bsd news good mentality..which stores up heaps of pain for transition away from funny money (forced or at janet's volition)

has a track record (dyor, all) that makes coinvesting with him v comfy ..enjoy a hot sunny w/e and next week; summer's here, and wot's not to like?

is it worth hanging on to all yr position..esp with strange market reaction to dire non farm payrolls today..cd the bear have returned in earnest??

need clean results showing serious profit trajectory/visibility ...would also like to see ..1. bob's loan refinanced asap (12%pa for secured loan which presumably has first dibs on value of businesses providing handy over collateral looks..well...cannot post my opinion pubically....interesting to see allenby's justification) ..2. incremental buying out of 49% interests in redleaf and newgate

given difficulties here: incl huge div leakage to non controlling, still v weak fcf, 12% loan interest to bob ....plenty of rev translates into v little for ptcm. shareholders atm

fair enough..u shd have covered at beginning of banter ...I'm surprised by generosity of CM to double up @11.25p rather than 8/9p...and this generosity supports view that 20-30p of value in prospect (CM doesn't mess imv)

unlikely to make any serious difference given immense investment in iron ore

11.5p??

it spikes furiously

..placement, large holder, newsflow in prospect ...back in @.14p from sell @.51 nearly two years back..free carry and still pocketed profits.. ..wot's not to like?

well done all

“The unchanged official PMI contrasts with other leading indicators (the MNI business sentiment index and the Minxin manufacturing SME PMI both fell in May, and the May Caixin PMI released today also declined by 0.2pp to 49.2), and adds uncertainty to the growth outlook,” says Japanese bank Nomura. “However, based on weaker credit in April and quickly worsening home affordability in Tier-1 cities, we think growth momentum likely continued to weaken in May. We maintain our forecast for real GDP growth slowing to 6.3% [year on year] in Q2 from 6.7% in Q1,” Nomura adds. China’s official non-manufacturing PMI, a gauge of activity outside factory floors, declined to 53.1 in May from 53.5 in April, the National Bureau of Statistics said.

v cheap on ev/ebit

was interesting decade...almost height of British global power ...1757..Plassey ..Quebec/Wolfe/Elergy ..ah..brutal a/imoral times..bit like now

gold was "fixed" but inflation led to significant fluctuations in real pog (essential pog was usd 200-300 in current money for much of 20th c..higher in nervous 30s and late 70/ early 80) ..so current 1200 is 4-6 * higher than floor range..pretty elevated lol

dibs/daisan the 100 year price chart in real usd over 100 years shows a much lower gold price as a floor with one or two brief periods/episodes of strength - notably late 70s/80s and 2006-2012..with the earlier one followed by horrid drawn out bear markets in pog ..daisan, don't see that fed cred high over past decade..hanging in the balance ..plenty of gold above ground for endless jewelry..all that supports current pog is speculation imv