Member Info for LuckyLuciano

Indeed Sotolo the name of the game has changed, but for us pi it remain the same.......Possibly contrarian views/stance will work 50% of the time, but which time is the secret....
Even I would venture to say that today Powel hint that they may pause in June was already in the know (by some) people went long and now they are selling the news...
Anyhow interesting reading on the subject..
https://www.investing.com/analysis/can-markets-rally-to-alltime-highs-if-us-gdp-turns-negative-200637711

I am seeing with suspicion this POG rise and USD lower, just before Fed rate and any dovish comment that Powel may come up with....
Then again these days, it seem the market is reacting the opposite to any economic indicator and news...
lest see

..And with increased volumes, more than 2million shares in the last couple of hours...
Tomorrow we fly.

Closing strong and should gap up tomorrow.
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Yes which is not a good thing but likely.
IMV 38p sp is the cash, plus added potential.
Again this is something nobody is talking about but, why not sell our share of Norway license once oil is found...

Seav
if you wait for the production deal you may be awaiting for ever....
LBE could easily sell its 50.01% share of Norway once oil has been fond for say $100 million and good by.

Many Chinese coys, have been delisted from NY, because China refused to allow accounts inspection.
You may be right or wrong.
Refusing to allow accounts inspection doesn't automatically means that account are wrong.
I studied a bit of accounting, did you know that is perfectly legal in the West, to arbitrarily attach value to balance sheet items, or just change the interpretation of a business model, to completely change the P&L end result?
IMO if we trust the US at face value we should do the same with the Chines, other than that is just discrimination and racism.
More over many are pointing fingers toward the Chines as corrupted and dishonest, but have no problem what so ever to invest their money in Egypt....Wow

In the end GeordieShores
with his theory of Institutional seller in the back ground was right.....
They damped some 5 million shares not sure since when but likely between yesterday and today...
That is half of yesterday total volume.
Hopefully now we are going to re-rate to cash position.

Yes good bye FIL Limited...
Just to recap the true valuation of LBE ATM...
Before news MC was £5.5millions. Forget about the £12 millions in cash at Dec.22, the market had already priced in that cash and more...Hence the deal brings $20 million/£16 millions+ £5.5 millions market cap= £21.5 millions+ share price of 38p.
Again this is cash that LBE can do what it likes with it, no JV theory bul@hit. Indeed the company had to give 49.99% of a licence still to be drilled, if we find oil is likely we get another ~$30 millions/£24 millions.
By then we could sell our 50.01% interest in Norway for X money.... So cash coming in can be £21.5+£24+X. The potential is huge....by the way 30% Chase of Success for the Norway drill is very encouraging, one of the reasons I am thinking to stay invested till completion, depending on sp ofcourse..
Finally the acquisition prospect is something to think about...LBE Boss hinted at buying a project in Phase of development, but not producing yet. This is good strategy imo because it would be cheaper and affordable but also have potential for good cash flow. Interesting times coming...

lol.....Have you ever lived or worked in China Cowichan?
IMO given his name...he is probably Chinese.

Yes GeordieShores if funny..
I am not sure how he found out that are the professional selling...... maybe he knows peoples.
As I mentioned before this is day trading....noting goes up in a straight line and all that.....
Momentum trading is over for LBE, admittingly I was hoping for a decent rise also today but we have to clear profit taking.
I am not worried one bit for today low sp, if it goes any lower I will buy more. I am just imagining LBE in 4/5 months time going into drilling in Norway, with much more cash in the bank, and an acquisition under its belt. Then I look at a market cap of £11millions and I know my investment is safe...
Current sp is way supported by the deal and the cash coming in, lots of news flow and potential out of this transformational deal. Good things come to those who wait...do I have to worry for 2% drop in sp?

Lets not forget the moral issues here.
The USD represent endless wars around the world, corruption, interference with other sovereign countries, divisions and much more..
The USD is slowly loosing its dominance not on the ground of financial insecurity, but on moral issues.
Otherwise why Countries would actively take the pain, to change a system that has been working so well for so long?
The establishment media will always find some reasons, why USD has to keep its hegemony, talking about the Chines can't be trusted with accounting and financial data?
Pure propaganda based on racism and discriminations...Are you telling me that we have to blindly believe any info and finance number the USA and its companies feed us?

Missing the longboat..
market is here for short term gains, hence selling pressure. Can't blame people for taking profit on 100% rise.
In not so long terms though LBE sp could be at £1. I am willing to wait for Q3 drill just few months away.
News flow of contract approval, acquisitions and cash coming in will support the sp.

happysparrow
please stop posting false information if you don't have the knowledge.
Do you realise that you are the only one in here that has a contrarian view?

As I mentioned a much higher valuation of LBE will come not just for the doubling in cash, but with time the market will price in cash flow from production and with the backing of a wealthy partner, potential to develop a license.
These are transformational events for a company with a tiny market cap of some £10 millions, unthinkable.

Indeed some info I cam across recently. If true it only make sense that they will drop dollars and buy their own production...

Indeed if even the made up unemployment numbers will start to look bad, that will be scary time.
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And bang on time look at the market reaction on slightly bad US JOLTs numbers...

happysparrow
with due respect but is you double the current shares issued by LBE is like the cash that the Japanese gave (half) is going back to the Japanese's, kore over also the cash we had before JV is going to be spit between us and the Jap.
So the thinking goes......the Jap are joying LBE in Norway project.
Indeed anything that will come good out of Norway will be spit in two, (after more handsome payments for the Jap)
But for now you need to look at what was the financial of LBE before the deal and now, IE $16 million + $4 million more in cash. this is money LBE can use anyway they like. LBE has not issued more shares, is just that the Jap are paying some $20 million for the benefit to take part in the Norway project 50/50.#
You may argue that if in good time the Norway project comes good and very good, then on these terms the Jap have made a very good deal, but even in this case LBE will benefit as well...
So it is so simple. LBE vas priced at some £5 million before the news and it received extra £15 millions including the almost sure $4million.
The sum is double current value.
But more importantly this partnership has given greater long term potential for the company to reach production and cash generation.
LBE sp should be way above 30p in short terms and depending on news flow fluctuating even higher during 2023 till drilling Velocette in Q3, when if it get lucky, could receive another $30million plus the value of their share of the find, meaning a sp possibly above £1...
All imo.

Just a wild guess.
Looking at techs and price action in conjunction with the Fed rate tomorrow, just wondering after they raise tomorrow for the last time, if POG will be ready to make new all time high.
A lot of upward pressure from sentiments and physical buying right now, US economic data have been quite negative even if not affecting directly POG due to what is left of U$D credibility as safe haven.
Incidentally for what is worth Bitcoin (a competing asset to gold) imo has lost its momentum, been down more than 40% from peak, and failing to reach recent high...
All eyes on gold then....

Indeed this imo is actually the difference between 2008 and current banking crises....
You SteveJones999 have been saying all along....there is no banking crises like 2008 because the financial system have learned to manage it.....
Now imo they are even exploiting it, by allowing big banks to take over smaller banks and in doing so centralising money flows.....
but about gold price two things to not is that, in 2008 when Lehman Brothers announced bankruptcy, Set 15th 2008, POG shote up more than 20%, for then panic setting in and retracing to almost 30%.
Subsequently QE was introduced Nov.2008 and POG started a long trend run that actually trebled in price till 2011.
So I suppose it all depend on time frame investments to maximise returns. Most gold miners in that time actually doubled in sp, but I suppose they could even grow ten times if wasn't for the event of growth stocks and techs which tuck out most of the floating capital from the markets...
Same thing actually is happening now, but imo at even faster pace, in the sense that there are actually st**** like NVIDIA that are already reaching all time high at PE way above 100.
I just wonder what price some tech stock will reach when the Fed. will stop rising rates of even start a new QE again....crazy
But then again apparently most of the US congress man and woman, do invest in these blue chips stock and I suppose this goes a long way to answer my question.

If wasn't for Oil price today dropping almost 5%, Longboat Energy would be closing much higher......
Early days let see what the week brings...
£12 million in cash as Dec. 2022 plus $16 million from current deal. On cash alone we should be double sp.