Member Info for LuckyLuciano

Https://www.investing.com/analysis/banking-on-gold-the-silver-lining-in-us-regional-banking-storm-200637903

...important macros out with CPI from many economies....

They say after Fed pause all eye on data and there isn't much more important data that Wednesday CPI, for rates and POG.

I am out of my gold miners for now since last week. After looking at NFP forecast at 180k, I have decided that it was too low and bound to be beaten, hence short term bearish for gold...

Add to that POG was at record high and possible due a correction. I am still bullish on POG but I am trying to trade it to maximise profits.

Short terms will be careful to re-enter gold miners, now that the bias has changed to rate pause, is possible that any data showing that inflation is not under control, will create greater downward pressure on POG.

The support is around $2010 but imv any consolidation above this level (needed for a move much higher) has been priced in.....Some upside can come from renewed Banks troubles.

US CPI is expected at around 5% which is the previous month number, I feel that to be beneficial to POG it has to come much lower, but we all know that it has gone down already quite a lot and at these low level, any decrease would be much smaller with higher chases of disappointing....sticky inflation. certainly we will never get to the hoped Fed 2% benchmark.

Some says that Fed want to cause a recession to get to low inflation, but just imagine what would happen to banks, if they were to keep rising rates.

I am also seeing POG tech signalling a correction....with price keep rising while RSI going down.

https://tvc-invdn-com.investing.com/data/tvc_c94584843354dab76e1668ba0e09a15a.png

IMO the best short term support for POG will come from Banks failing....

"Everybody is positioned for the end of the world, but when you know that the Fed is out of the hiking game ... it’s a much sturdier footing for investors than anybody anticipated at this point in 2023," he said.
https://www.investing.com/news/economy/wall-street-week-ahead-us-consumer-price-data-to-test-feared-stagflation-scenario-3074913
I am puzzled and worried by the continuous rise of growth stocks.
Growth out of what...China and the rest are closing down, internal consumption is saturated is not shrinking out of inflation and lower disposable income...remember the QE was for the rich and the few..?
And yest after AMD lower forecast numbers few days ago, (-9%) it has almost got back all its losses ...
Hmmmm interesting times many forces pulling in different directions...

Indeed after artificially engineered good NFP number today, USD breefly raised for then reversing quite quickly. Other banks failures looming

Apologies if I got the wrong. Jap deal is concluded just need approval from Norway outhorities (a formality) like any other deal in the O & G industry

Alternately is only right that the buyer, has to pay in seller currency.

Maybe this is why the share price was kept low by the mm....
So another crazy person like me buys in stead of selling. hmmmm

We can speculate on sp retracement and entry point, my hat off to those able to buy on the cheapest possible, well done.
But if one is looking to a short/medium term (4moths) investment opportunity, with a very low risk/reward ration LBE is the best share out there right now, that I know off.
Forget about how much should be the sp compared to the cash, obviously (for now) the market is happy with a sp in the 20is, maybe when sellers are out it will start to rise in the near terms? Maybe the MM is suppressing the sp because given the small number of shares issued, the MM doesn't want haveing to borrow shares to cover the many buying coming true.
We have witnessed how quick and fast LBE sp can move up when not restrained by MM of institutions selling.
On thing is sure thought and that is in 4 moths time LBE sp wont be in the 20is....
5 time higher? 4? will see.
Any argument against this from happening is from some clown, claiming that this deal in not going to happen, basically denying the truth, this is how desperate some on here are.

TerryMC1
please don't embarrass yourself.
You talk about cash burn as if you are an expert of how much it costs, to run an Exploration company..
Live it cash burn professor....

Completely agree mrtibbles
180k NFP was far too log as forecast and was meant to be exceeded.

Drifting or not drifting who cares.
I see you in few moths time at £1 x 5 current market cap. Ciao
I wonder how much money gamblers loos by day trading. Remember gambling is an addiction.....seek help.

Hi wwal17
day traders are not really a issue for LBE sp.
90% of day traders loose money hence the money they loos are left on the table/value in the sp.
Is just very annoying having to read intentional misleading comments, or pure lie, but this is what people do when are loosing money, they become desperate.

pauldrayton
thank you for your balanced take of LBE situation. Is nice to hear from someone that has been invested for quite a while in the company and knows more its potential and downfaults.

Moreover me I say, very poor choice of your post heading.
Danger of no deal???? lololo
It goes a long way to show how much deep down, you like many on here, think that this deal is indeed transformational.

Buls@it LBE had no income when was at 1£ share price not long ago....
Now transformational deal and double its value in cash alone.
Is just that you like to Bul@it this board trying to buy cheaper, that is your agenda.
If that wasn't the case you wouldn't be on here posting crap for no reasons...
Profit taking is normal especially after such a sudden rise, cash coming in, acquisition and then drill will see this beyond £1.
On cash burning...LBE burned some £5millions for the whole 2022, how much cash will be burned in the next 4 moths before transformational drill £1-2 million? Peanuts compare to receiving £ $20 millions from our partner.
Then IF oil is fond sp will be going crazy. If was £1 few moths ago what will it be with an oil/gas find and cash 4 times its market cap?
You can try to bul@it the board as much as you like but be careful not to miss the train....once seller are out this will re-rate fast.

Indeed valuation here is a bit misleading.
Rightly so we are focusing on the much increased cash balance, becoming soon doble market cap.
But imo the real value creation for LBE are the details of the deal with such a big partner and potential going forward, now that we have cash for acquisition and development...
This value above £1 is not going to happen in a day or in a month, if one is looking for day trading, is right to sell now..
It could be too soon but still a profit is always a profit.
But the transformational potential of this deal beyond cash, is the wide range of opportunities that now LBE has.
Its funny when people talk about cash burn of this company, when actually they just received a huge cash injection...many people have many agendas, and I for sure have mine.
I don't mind to wait for news flow, Norway approval of the deal (a formality), cash payments, acquisition, cash payments, and drill. Can't see a oil company going in to drilling a 30% CoS well in Norway, with by then cash above £20millions and current £13million market cap, without mentioning potential acquisition in between...
This is why I am not selling and actually bought some more today at higher price...
But indeed if one as better place to put his/her hard cash, or need the money, It only make sense to sell now.
I was puzzled by yesterday sp reaction after Fidelity got out of the way...(not completely)
They still have some 1% in it, which if they wanted to sell by now should be well out....

imo far too low.
It depends on time frame, but this is over £1 by drill time in Q3.
On oil discovery it depends what they are going to do...
As I said earlier imo they can sell the lot of Norway license on oil discovery to the Jap for more than $100million
By then they will have some $150million in the bank=sp 10 time today.
£2 if they sell to the Jap Norway. No cash burn .

I think that is because they need approval from Norway authorities, and NOT because Japex is not going to complete.
Never heard that a company spend months to agree for a JV and then change its mind....obviously if noting has changed in the deal.

Yes certainly having an effect on US Index futures.
Tomorrow opening will be brutal..?
New POG all time high?

Don't get me wrong pl stargate
I do agree with what you are saying in principle.
But the if you think about what integrity companies like Deloitte, Ernest Jones and many other have, you possibly will understand what I mean....
Money loundering and more ........The thing is anyone of us is a dog and have a owner.